Right on cue, the banksters unleashed a MASSIVE RAID on gold & silver today coinciding with OTC options expiry…
Its that time again…our banksters’ favorite manipulation holiday…OPTIONS EXPIRATION!
Let’s head immediately to see the major data points for today:
PM fund manager Dave Kranzer joins us this week for a power packed show discussing:
- Netherlands Bombshell: 130 tons of gold secretly repatriated from the NY Fed- Dave explains why this gold nearly had to have come from the GLD
- Silver shortage is BACK!! Silver Eagles & Maples premiums rising as Mints allocate production, major US mints running up to 8 weeks behind on silver production!
- Kranzler explains why the commonly referenced Kitco’s gold & silver charts are NOT the true spot price for the metals
- Holiday Melt-Up; Why a blow off top is coming in the equity market followed by a major crash
- Japanese yen supernova- is hyperinflation of the Yen imminent?
The SD Weekly Metals & Markets With The Doc, Eric Dubin, & PM Fund Manager Dave Kranzler is below:
Despite the ridiculous 80/20 rule and the import taxes heaped on by the authorities (read the Central banksters in India and elsewhere), which continue to unfairly burden the hundreds of millions of citizens there who want to stack precious metals, the heroic Indian stackers continue to line their temples, their safes, their brides’ necks, the wheels of their cars, and perhaps even the bathroom walls with the metals of kings and gentlemen: gold and silver!
In fact, the unbelievably strong demand in India, for both gold and silver, is at surreal levels.
It is so huge at this point, that it’s terrifying their central bankers, and bullion bankers the world over!
Gold had a volatile week, but rose from $1147 last Friday afternoon to a high of $1205 on Tuesday.
On Wednesday the price moved between down $25 on the latest opinion poll on the Swiss referendum, then recovered to $23 before falling again on the release of the Fed’s FOMC minutes.
However, despite these unsettling swings gold rose on the week by about $30 overall, making it two weeks in a row as shown in our first chart.
Tomorrow should be interesting:
Will we see our 3rd Friday positive outside day reversal as the bankers defend their 1200 dollar gold turf and $16.30 for silver?
It looks like we have a few nervous shorts in silver racing against the clock to cover some of their shortfall!!
The total silver OI remains extremely high with today’s reading at 173,075 contracts. The big December silver OI contract marginally lowered to 71,638 contracts. The high December OI is huge news as those longs remain firmly planted ready to take on the bankers.
The potential for a MASSIVE short-squeeze is brewing.
John Manfreda of Wall Street for Main Street Interviewed Bo Polny of gold2020forecast.com.
Polny discusses the current state of the gold market, what the future holds for Gold, the Gold Silver ratio, the equity market, and predicts that a massive rally awaits in silver, no matter what The Fed says.
Bo Polny’s full interview with Wall Street for Main Street is below:
Silver OI rose sharply by 892 contracts from 172,725 up to 173,617 as silver was down 26 cents yesterday.
It seems that judging from silver’s OI, our banker friends are still very nervous as they try to cover their massive shortfall in silver.
In ounces, this represents a total of 868 million oz or 124.0% of annual global supply!
Let’s head immediately to see the major data points for today:
Gold and silver did not have a great day price wise.
I reminded everyone on Friday that:
“The bankers will regroup and will try and forcefully send gold and silver back down on Monday. Of course the problem that the bankers have is this: every time they orchestrate a huge raid, some strong entities (a sovereign??) are in there gobbling up much of the naked offering of our bankers. The bankers risk that many of the longs purchased will end up on the delivery table.”
And sure enough, the bankers started their raids once the COMEX session got under way.
After a very strong rise last Friday precious metals drifted lower-to-sideways for most of the week, but behind this unexceptional behaviour there are some tectonic shifts under way.
Matterhorn Asset Management’s Egon von Greyerz out of Switzerland joins the show for a special episode this week covering the historic Swiss Referendum, discussing:
- Is the latest PM take-down ALL about the Swiss Referendum and portraying gold in as negative a light as possible to the Swiss people ahead of this month’s Swiss Referendum?
- Egon explains why we are witnessing the FINAL EXHAUSTION in Gold & Silver Manipulation!
- Paypal shuts down account for Swiss Gold Referendum, confiscates funds in Gestapo like move!
- Trouble brewing in Euroland? Egon predicts there is No chance the Swiss Franc/ Euro peg will hold with a yes vote!
Don’t miss this Special Edition Metals & Markets with The Doc, Eric Dubin, & Egon von Greyerz with full coverage of the Swiss Referendum:
Nearly 3 years ago, with silver trading near $40/oz and gold near all-time nominal highs, SD gold & silver analyst Marshall Swing shocked the PM community by warning that silver would crash to $15/oz, then rocket past $1,000/oz as fiat collapses!
Fast forward to Oct 31st, 2014, and silver has indeed crashed to a $15 handle.
Does the ONLY precious metals analyst who forecast silver’s crash from $50 to $15 still believe a silver moon-shot past $1,000/oz is coming along with a full-fledged fiat currency collapse?
Take heart silver investors. The one analyst who saw this coming remains as bullish as ever:
Gold and silver had a great day price wise.
However it did not start out that way. The criminal bankers started early last night with gold being pushed back below the $1160 level reaching its nadir at around $1145 early in the comex session. Silver saw its lows at around 2:00 am (London fix time) at $15.30. Then at a little after 9 am both metals started their huge ascent as the physical markets totally overwhelmed the paper markets. One could see that the market was going to test the huge $1180 gold resistance level.
The dam burst as it could not stop gold’s huge demand as gold ended the day at $1185.60 and silver at $16.31.
The bankers will regroup and will try and forcefully send gold and silver back down on Monday.
Of course the problem that the bankers have is this:
All speculators should cover all the shorts they have right now to secure MASSIVE profits!
But they won’t. Why?
The speculators really believe they can force the Commercials hand and pin their positions on them but that is not mathematically possible. They sense and even smell the blood of far lower spot prices in the future and they are determined to hold the mass of shorts for that payday.
Failure looms in their future as metals will not be allowed to crash until September of next year and it will not be the speculators who profit then but the Commercials who crash it in a few minutes, cover all their short positions as speculators and day traders give up their longs, then those Commercials go extreme long into the most incredible price rise in the history of any commodity (or equity).
The die is cast.