Alasdair Macleod On Th New Silver Fix Procedure

Alasdair MacleodThe new daily silver fix regime has begun.   It will be run on the Chicago Mercantile Exchange’s platform (the Comex people), and supervised by Thompson Reuters.   For the first six months access to the fix for observers will be free, so we can all see how it works.
This is a welcome advance on the old silver fix, where bullion banks negotiate the price in secret.   This should be positive in the longer-term, because market transparency tends to lead to wider institutional and public participation.   We are a long way from a fully transparent market, but at least the veil of dealing secrecy is being lifted a little.
Imagine you are running a hedge fund. You don’t deal in gold or silver because the physical market is too opaque.   Now we have a visible auction process in silver, which you can watch on-line. You can monitor it for a week or two to get better a feel for how much money is required to move the price.   It’s not just you, everyone else is also getting interested. Now you can assess your dealing risk far better and will be prepared to deal.   And you look forward to the gold market becoming more transparent as well.
We are seeing a very important change in bullion markets to the disadvantage of dealers who hide behind OTC opacity. [Read more...]

Metals & Markets: Cartel Rings in New Silver Fix With Massive Raid!

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Metals and MarketsWith gold & silver raided by the cartel coincidentally on the day the new Silver Fix was launched, The Doc & Eric Dubin break down the markets, discussing: 

  • Cartel raid on the metals: Is the worst over, or is another smash coming on the thinly traded Sunday night Globex session? 
  • On the brink: Ukraine/Russia escalation as the US continues to push Russia towards war while Putin works to DUMP THE DOLLAR
  • Retail physical gold & silver explodes on price smash/end of London Fix: SDBullion sees heaviest sales volume in 2014 Friday
  • Ferguson riots/ Martial Law- a sign of of most of American could look like in the wake of a financial collapse? 

The SD Weekly Metals & Markets With The Doc & Eric Dubin is below:  [Read more...]

PM Fund Manager on This Morning’s Attack On Gold/Silver: Nothing But Shock And Awe

silverdumpA pure psychological warfare operation on the metals.  I received several emails and phone calls from clients and colleagues who were in a panic.   My response was:
It’s a mid-August Friday, the rest of the world is at happy hour or in bed.  Most of the big players in this country are at the beach.   India was closed last night for their Independence Day, which put a lot less demand-stress on the physical market.  Something really ugly is developing behind the scenes that is not apparent yet and that’s why they smashed gold during the one of the most quiet trading periods of the year.”
This is what happened at 7:40 a.m. EST, with no news or even triggers: [Read more...]

Fix History, Cartel Raids PMs: Silver Smashed to $19.45, Gold Knocked Under $1300

The Battle Royale continues as the cartel has hammered gold back under $1300 once again with a last of $1293, and silver has been knocked under $19.50 to $19.45 on heavy volume the first day without an official London Silver Fix.  [Read more...]

Silver Update: Coordinated Collapse

panic crashIn his latest public silver update, BrotherJohnF breaks down the coming co-ordinated collapse, and how the precious metals will be affected.  [Read more...]

Marshall Swing On Wild Divergence of Gold & Silver Charts: Something is About to Happen!

collapseGold & silver’s charts look wildly different now and that is extremely rare.   Something is about to happen.
A global  economic crash is coming in 2015.   It is well planned unlike the almost disaster event in 2008
Right before the crash, precious metals will drop to great depths as the banks take everything from the speculators, & flip to long positions as silver and gold skyrocket while chilling fear spreads around the globe and trillions of dollars come rushing into precious metals to find a home. 
Those who stack the metals will become wealthy and those who trust in man and man’s paper game will lose everything they have.
[Read more...]

SRSRocco: How The Global Financial System Will Collapse

dollar collapse panicOne day out of the blue, the Global Financial System will collapse plunging the world’s economies into a depression for which there is no recovery.
The reason for this sudden collapse will be due to a factor that most analysts fail to recognize or understand.
While the mainstream media and alternative analyst community focus on the typical economic indicators, monetary system, derivatives and debt markets… the real problem for the world financial system will be the rapid change in the “PERCEPTIONS” of assets by investors and the public.   The coming abrupt change in market perceptions of paper assets will force investors to move into physical assets such as gold and silver to protect wealth as best they can.
This event will likely occur rather quickly — virtually overnight.

[Read more...]

BO POLNY: A 3-Year Gold ‘BEAR’ Market Ends & a 7-Year Gold ‘BULL’ Market Begins

Summer_Low_2014The final summer low in August 1, 2014 and ‘Buy-of-a- Lifetime’ has come and gone and the rise to $2000 Gold by year end & $10,000+ by year 2020/21 has begun!
On August 1, 2014 dropped an additional $12.50 into a FINAL Summer low of $1281.00 … 
The 2014 Summer Gold Low is COMPLETE!
$1300 Gold is soon to be history with Gold Spiking into $2000 before year end when the third and final 7-year Gold cycle into 2020/21 and $10,000+ gets under way!

[Read more...]

2014 Official Coin Sales: Silver The Big Winner While Gold Sales Plunge!

Gold & Silver Eagle Sales Yearly Change Jan-AugAccording to the most recent data put out by the Official Government Mints, silver coin sales are outpacing gold in a big way.
Silver Eagle sales up to the first week of August reached a little more than 27 million compared to 30.3 million during the same period last year.  This was due to a big drop off in demand during June and July.  
In contrast, Gold Eagle sales declined a staggering 376,825 ounces (55%) from 683,325 oz in 2013 to 306,500 oz year to date.

[Read more...]

Silver: Something Doesn’t Add Up

silver barsOne of the first things you learn when studying economics is the law of supply and demand, defined as follows: “In a competitive market, prices are determined by the interaction of supply and demand: an increase in supply will lower prices if not accompanied by increased demand, and an increase in demand will raise prices unless accompanied by increased supply.”  This is ECON 101 and it’s a fairly simply concept to grasp.

Now let’s take a look at the silver market with this concept in mind.  With regard to physical demand, we see that silver has been incredibly strong both on an absolute and relative basis.
Over the past 12-18 months we’ve witnessed the following: [Read more...]

Alasdair Macleod’s Market Report: Like watching paint dry…

paintThat was how it felt watching all markets this week until Thursday when they sprang into life.
Gold fell from $1304 at the London opening last Monday to a low point of $1281 yesterday, down 1.8% on the week, while silver fell from $20.60 to $20.35, down only 1.2%.
These moves were relatively small compared with action elsewhere.
Here are the charts showing price and open interest for gold and silver on Comex.

 

[Read more...]

Silver Prices – Megaphone Patterns

Silver Megaphone PatternsPresident Nixon closed the “gold window” in August 1971.   That decision enabled the exponential growth of debt, paper currencies, and prices.    The process is simple and clear.  Remove the gold backing from the dollar, enable the creation of nearly unlimited dollars and debt, many more dollars chase somewhat more goods, prices increase, proclaim it is “all good” and then create even more dollars and debt. 
So what about silver?
Silver prices have increased but in a disorderly manner.  Rather than focus on details, examine the big picture – 43 years of monthly price data in one chart – represented by four megaphone shaped price patterns.
My interpretation is that zone 4 – a long and aggressive move upward – is still in progress, with a  round number target for silver is $100 or more in 2016 – 2019.  

[Read more...]

Like Dripping Silver Icicles

letter jul 27 silver candlesI don’t typically emphasize price charts in analyzing the market, however something unusual has been happening in the spot (physical) silver market.
It did not happen in the silver futures market, nor in the gold market. 

Notice the “icicles” (chartists often call them hammers or hanging men) dripping all over the place?
They occur at different times of the day, including normal market hours in New York, Europe, and Asia, and they aren’t mere artifacts of market open or close, or illiquidity. I have not noticed them with such frequency before in silver.
What are they?

[Read more...]

How the Gold/Silver Ratio Can Greatly Increase Your Physical Holdings

Gold Silver Ration Jul 14The magic of compound interest is well known.   What is lesser known is the magic of the gold/silver ratio, not as a measure as it is mostly viewed, but as an application for increasing one’s holdings substantially, over time. 
What is so great here is that no magic is involved, rather simply utilizing the market to more than double your holdings.
So-called “Gold Bugs” are considered ardent supporters of the PM [Precious Metal]. 
Silver stackers are just as avid.   Then there are those willing to buy either or both.
The chart below is the gold/silver ratio going back 15 years, and this is a hindsight analysis brought forth to the present tense for future consideration that can greatly increase net holdings at almost no cost, those being transaction costs from a dealer.

[Read more...]

Three Signals For A Huge Silver Spike In 2014 (Has JPM Gone Massively Long Silver?)

While the average price of silver remains at a multi-year low, there are several indicators pointing toward a much higher price by the end of the year.
If we look at all three INDICATORS-SIGNALS together, we can see SOMETHING BIG is getting ready to occur in the precious metals market.

The first involves what appears to be evidence that JPMorgan has gone MASSIVELY LONG silver:

 

[Read more...]