goldGold was on the verge of going parabolic, which is never healthy in any market.
The Fed is doing us a favor. The manipulators are making it easier for us to accumulate gold at a cheap price.  
Every time they hit gold I buy…

snow higherLong term, We’ve had major developments this year.  To me, the most significant one is that the 5 year down trend in silver has been broken to the upside.
It suggests that precious metals are going to PLOW higher into the end of the year…

dive plungeSilver’s young bull market got off to a typically-slow start, lagging gold’s own new bull.  But recently the white metal surged to catch up in a record summer rally.  That left silver very overbought and facing near-term correction risks led by a record futures selling overhang and weak late-summer seasonals.  But this strengthening bull still has a long ways higher to run yet before silver prices reflect prevailing gold levels.
Just like gold, silver faces a record futures selling overhang today…

Caption Contest 1Japan announced announced last week that its TOCOM commodity exchange would begin trading physical gold – like the Shanghai Gold Exchange – on July 25th.
The news of this event was largely muted in the western financial media and even the alternative media blogosphere largely seems to have overlooked the news release. But this is a highly significant development because it signals a subtle shift in Japan’s economic and monetary focus from west to east.  
It will also create an big upward price-readjustment in gold and silver…

Jim Willie gunWould a Collapse of Deutsche Bank really be 5 x Bigger Than the Collapse of Lehman Brothers?
The Doc Joined Kennedy Financial to Discuss the Biggest Risks Facing the Global Financial System…

gold barsAt some point there will be a Commercial Short Squeeze, which would result in a skyrocketing gold price as the bullion banks scramble to buy back their positions.  
If the situation in the European banks continues to disintegrate, the Commercials may be forced to either ADD more shorts or COVER and buy back their positions…

silver barGold may be the talk of the commodities world in 2016 but its performance thus far has been outshone by silver – up 46% year to date versus gold’s 26% gain.
Here are a few reasons why we believe silver is likely to continue its dominance over gold for the foreseeable future.

Pisani gold gldA lot of investors have invested in GLD and SLV under the mistaken assumption that they are investing in “gold.”
In the latest episode of the Shadow of Truth, we discuss why we believe GLD/SLV are Ponzi schemes created as a mechanism to control the price of gold/silver.

Jamie DimonGranted, if you are going to label something as the greatest lie ever, it must involve something important, both in substance and in terms of who told the lie. In this case, the lie involves what’s at the heart of the silver manipulation and happens to be the issue that I consider the key factor for its price. Importantly, the lie came from the federal regulator overseeing the silver market, the CFTC.
The good news is that you will be able to decide for yourself if my assertion is correct, given that the proof is nearly incontrovertible.
The best news is that as the lie is more widely recognized, it should have a positive impact on the price of silver…

newsOver the past several weeks silver has been receiving some much needed attention. This is bringing more and more people to the market which in turn makes the exchange rate for silver rise and that brings more and more people to the market.
Will we see a feeding frenzy in the silver market as the year progresses?  This may be a little too optimistic, however, with the undeniable facts about silver coming to the fore it is easy to see how this tiny market could become a major story during the second half of 2016…

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I’ve got gold going to $10,000 now. So, I’m the guy with the highest price target out there…It could be a matter of weeks or a matter of years. This is one of these avalanche type event things. You don’t know when the snowflakes are going to hit. It’s going to be a change in psychology, a panic reaction, and it will happen very quickly…it could be a five-year play or it could be a one-year play depending on circumstances. I don’t really want to get into the timing of it except that the dynamic is set up for $10,000 gold…