freefall

We had quite a day Friday.  Gold shot up along with silver. Greek 3 year bond yields rise to 19% signifying default is in the wind.
The Mexican Peso and the Brazilian real collapsed.  The European CPI plummets to negative.6% and thus deflation intensifies.
The Brazilian economy collapses with its twin deficits ie. a fiscal deficit along with a current account deficit. 
German bund 30 yrs out falls in yield to below 1%.  Stock markets around the globe plummet. 
All in all, you must say that this was a day to remember.

moon

Gold and silver prices consolidated recent gains this week, both having become overbought short-term, and they now appear to be building a base before an attempt to convincingly attack higher ground, though Thursday’s price reaction was quite sharp.

silver crash

The bankers for the past several years have raided gold and silver at the conclusion of every month.  Four days prior to the end of the month we have the options expiry on the COMEX.
On the last day of the month we have the OTC options expiry where hedge funds buy options from the bankers on the OTC market.  Why on earth investors day in and day out buy options on the precious metals is beyond me.
These guys are mega crooks.  In gold they wanted to have all 1260 dollar call  options and above go worthless.  In silver it was all calls between $16.75 and $18.00. They were successful as they pocketed all of the premiums.  This is how the banks make money.
The Fed keeps the rates at zero and provides loans to these bums at 0% so that they can execute these trades against us.

HarveyOrgan

Gold and silver were basically treading water up until the 2:00 o’clock FOMC report was issued.  Actually gold and silver were whacked 10 minutes after the report. Gold/silver equity shares also took it on the chin today as well.
Today we follow developments whether Greece will play ball with the ECB boys or seek the help from Russia and China and default, leaving the west with a mess.

Let’s head immediately to see the major data points for today:

HarveyOrgan

The open interest for the upcoming February contract month remains extremely high at 130,026 with 3 days to go.
I cannot recall ever seeing such a high OI with 3 days remaining coupled with extremely low volume on the COMEX. 
Something sinister is happening behind scenes in COMEX gold. 

launch rocket vertical

The gold shares rebounded sharply today as the bankers covered their massive shorts in the gold/silver equity shares.  That is a sure sign that gold and silver will have a very strong day tomorrow. 
The crooks are controlling the precious metals market every minute of every trading day.

cartel raid
Play

In this week’s Metals & Markets, The Doc & Eric Dubin break down the ECB’s massive €60 billion a month QE announcement Thursday, and discuss whats next for the global markets and gold & silver in particular:

  • Gold & silver’s strong January continues with silver $4 off its lows and gold nearly $200 off its December lows
  • Cartel setting metals up for a Classic Gold & Silver raid on next week’s options expiry and January FOMC statement!
  • Why Fed will soon begin backpedaling on rate hikes, may announce QE4 by Q4!
  • Cartel raid likely won’t last- Why gold is likely to rise by 20% at a minimum in 2015- and COULD DOUBLE!

The SD Weekly Metals & Markets With The Doc & Eric Dubin is below: 

 

2015 Best & Worst Peforming Commodities IndexesWith the new year now in full swing, Silver is one of the top performing commodities in 2015.  After falling over 71% from its high of $49.82 in April 2011, to a low of $14.16 in December 2014, silver is up 16.3% in 2015.
Not only is silver up higher than gold in percentage terms, it’s nearly double gold’s performance of 9.3% in January.

HarveyOrgan

Today, once gold surpassed the 1300 dollar level, one could guess that the bankers were going to defend their turf and they most assuredly did  with a raid this morning. 
Surprisingly silver did not follow gold.  Silver surpassed the 18.00 dollar level and stayed there for the rest of the day.

HarveyOrgan

Today gold and silver had a good day price wise as the fear factor continues to weigh in on the financial scene.
Late on Friday, the SPDR gold trust released data suggesting another 13.74 tonnes of gold was added to its inventory.
The huge repatriation of gold into Germany in December of 85 tonnes also gave gold a much needed boost.
Get ready for the defense of $1300.00 gold and $18.00 silver as the bankers will continue to go all out to defend their turf.

rocket

Bo Polny is a student of cycles.  Based upon his observations during our interview on election day in November 2014, he predicted that a major precious metals rally was starting that day. While his timing was off by perhaps 48 hours at most, his call has been on the money.  
Below is Bo’s follow-up on where markets are heading. You’ll be happy to know that all your stacking was not in vain.
Quite the contrary, the big move is almost upon us!

panic

What a day.  Late last night we got word that two brokerage firms are in serious trouble due to these guys being on the wrong side of the Long USA dollar/short Swiss Franc trade.   Then today, many more firms stated that they have lost serious money on the trade.
What is interesting on the Swiss unpegging of its currency (the peg was 120 Swiss Franc/1 Euro) was this was done in total  secrecy.  Christine Lagarde was totally unaware that this was forthcoming.
Generally the bankers know in advance but this time everyone was in total darkness.
Again we are witnessing central banks not trusting one another.
You can bet the farm that there will be huge derivative losses on the Swiss unpegging.

HarveyOrgan

Oil continues to be the big topic of the day.  At one point in the day, both Brent and WTI traded at identical levels as Europe continues to deflate. The losses in the oil patch are huge due to losses in the mega dollar short plus the oil and other commodities that were bought with the dollar short.  The yen carry trade continues to unwind as does the Nikkei/gold cross trade. Expect to see billows of massive smoke from the mammoth losses in the TRILLIONS!
Let’s head immediately to see the major data points for today:

Farage

Gold had a boost today with news that the Ukraine has reserves of only 7.5 billion dollars.  They are now within a whisker of default and need help from the IMF.
It also looks very likely that we are going to have a GREXIT and with it all the ramifications for derivatives. 
Our European bankers do not like this one bit.

Let’s head immediately to see the major data points for today:

gold bull
Play

David Morgan, Alasdair Macleod, & Bill Murphy join The Doc & Eric Dubin this week for a special Precious Metals Round Table edition of Metals & Markets, discussing: 

  • Is JPMorgan sourcing silver by the warehouseload- directly from the miners via financing global miners’ refining? 
  • Dhragonomics: ECB only 1 step behind Japan- paper fiat currencies on way to collapse in 2015
  • David Morgan: Fundamentals reflect $4800 current value in gold- physical shortage may develop in 2015-2016, resulting in a MASSIVE MANIC/PANIC stampede into metals & mining shares- something could lite a match to the gasoline filled warehouse of this market tomorrow!
  • Alasdair Macleod: Dollar strength distorting the picture- Gold has doubled vs Ruble in past year, all hell is breaking loose across the currency markets- 2015 will be the year for gold
  • Why the short sellers CANNOT be taken down by standing for delivery- is the entire game RIGGED?
  • Bill Murphy: Gold and silver may just Go Bonkers in 2015!  When this blows, we will have the MOST HISTORIC MOVE IN HISTORY

You won’t want to miss the Power Packed Special Edition of Metals & Markets With David Morgan, Alasdair Macleod, & Bill Murphy breaking down whats in store for gold and silver in 2015 and beyond: