Silver-Drive-by-Shooting

We had a HUGE Drive-By shooting today in gold & silver, as the cartel smashed silver nearly to $15/oz, resulting in the US Mint COMPLETELY SELLING OUT OF SILVER EAGLES!!
Let’s head immediately to see the major data points for today:

HarveyOrgan1

Today, we had a huge withdrawal of gold Inventory at the GLD of 2.39 tonnes/ inventory rests tonight at  738.82 tonnes.
I am deeply concerned that most of the gold that enters as a deposit at the comex are of the kilobar variety i.e. exact multiples of 32.15 oz!
Let’s head immediately to see the major data points for today…

cliff edge
Play

In this week’s MUST LISTEN Metals & Markets, The Doc & Eric Dubin break down the epic take-down in the metals futures markets this week, discussing: 

  • With gold’s triple bottom at $1280 breached and silver plunging below its uptrend channel from the 2nd phase of its secular bull market- next major support levels are $1,000 in gold and $9 in silver!  Is an EPIC PLUNGE dead ahead for the metals?
  • Blood is pouring in the streets!   How much longer can the pain last?
  • Physical silver demand EXPLODES- premiums spiking as shortages develop
  • US Mint October Silver Eagle sales near 6 million oz- all time yearly sales record looks set to fall
  • While QE “ends” in the US, Japan goes QEInfinityER, ramps QE to JPY 80 Trillion

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

HarveyOrgan1

The manipulators have thrown all their cards on the table.
I warned on Wednesday to expect severe cartel intervention over the second half of the week.
Let’s head immediately to see the major data points for the day: 

flash smash

Trading in precious metals was quiet until Wednesday morning, when prices began to soften.
When the FOMC meeting released its policy statement at 2.00pm EST, gold and silver responded by falling heavily, with gold breaching the $1200 level Thursday and silver crashing through $17 to a low of $16.33.
Friday morning gold and silver fell further in overnight ahead of the London opening, with gold trading down to $1173 and silver brokw below $16.00.
It is clear that the bears, including the bullion banks with short books, mounted an attack on the $1180 level, where there were stops to take out.

So a major test is taking place and the bears are winning…

Bernanke-Dimon-Fed-Tunnel

We are in a bottom for sure.  How long will it last is anybody’s guess- but silver stackers need not worry.
This is only a question of how much fiat can you raise in order to purchase hard core, hold in your hands bullion to hold for a couple of years through the greatest worldwide total economic collapse in history and the institution of a one world government and one world currency.

They simply must destroy the U.S. dollar along with all the world’s currencies otherwise the many that hold USD would retain power and that means many nations and small businesses that oppose them.
“The Powers That Be” want it all for themselves!

images

As promised to you, the crooked bankers continue with their criminal ways with a MASSIVE RAID on gold and silver on the week of options expiry.
Let’s head immediately to see the major data points for today:

HarveyOrgan1

Gold & silver were whacked by the cartel in the access market today as Janet Yellen and the Fed announced QE will end at the end of the month. 
Expect gold and silver to be under the weather for the remainder of the week.
Let’s head immediately to see the major data points for today:

HarveyOrgan1

Tomorrow is options expiry on the comex and on Friday we have options on the OTC contracts for both silver and gold.  Thus expect both of our precious metals to be under the fire as the crooks use non backed paper and gold paper contracts to suppress the price.
Let’s head immediately to see the major data points for today:

panic

It has been panic over for the moment in the markets and back to business as usual for precious metals.
However there are signs of good underlying demand for physical gold, with the Shanghai Gold Exchange delivering 68.37 tonnes into public hands over the holiday period (two weeks with only five trading days), and a further 51.5 tonnes last week.
The chart below shows gold withdrawn from the SGE this year, totalling 1,547 tonnes so far, on course for a 1,900 tonne total this year, only 300 tonnes short from the 2013 total: