HarveyOrgan

The bankers were all over gold and silver today but both metals rebuffed all attempts of containment.
The huge volatility is not too good for our banker derivative friends.
Let’s head immediately to see what the data has in store for us today:

silver smash

Silver investment demand has rocketed from less than 10% of industrial silver demand’s size, to nearly 50% of its size in just 6 short years.   
This is historic.  And it spells biiiiiiiig problems for the “biiiiiiig players”.

HarveyOrgan

Let’s head immediately to see what the data has in store for us today.
First:  GOFO rates:
We are moving closer and closer to backwardation!!

sale

It is important to Tune Out the Mainstream Media Hype and Spin (or Gloom and Doom, as the Case may be) and look at the Real Fundamentals.
So consider here an overview of the prospects for Four Essential Resources: Potable Water, Gold, Silver and Crude Oil.
There is a Delusion, somewhat widely accepted, that if an Essential Resource is in Short Supply, the Supply Problem can be solved if one applies enough Appropriate Technology and Capital to it.
Realistically, though, for certain Essential Resources, supply shortages, (i.e., Demand “Longages” ) can be Managed, to a point. YesSolved, No.
This Reality provides both an Opportunity and a Threat — a Profit Opportunity for those who are aware of it, and a Threat for those who are not.

images

Less than 3 weeks after the S&P downgraded US debt in 2011, after gold’s initial spike to $1900, the Government’s renewed war on gold began.  The reason for this is that, in the face of trillions being printed by the Fed and trillion dollar deficits being incurred by the Government, gold was about to take out $2,000.
This was a milestone that would have likely triggered a flood of capital into both physical gold in this country and into the futures. A move like this would have destroyed the credibility of the U.S. dollar as the world’s reserve currency. It further would reflect the actual truth regarding the collapsing economic/financial condition of the United States.
To keep this from turning into an event that would hinder Wall Street and the Government elitists from completely looting the wealth from our system, they had to implement a massive program of market intervention in order to take down the price of gold and eliminate the signal it was sending to the world that the U.S. is in a state of slow collapse.
Your only defense against the poisonous cesspool swirling beneath the carefully crafted facade of lies and disinformation – short of just leaving the country – is to move as much of you liquid wealth as you can into physical gold and silver. Because when the U.S. Government’s war on gold is finally forced into capitulation, the collapse of our system will be unlike the collapse of any other superpower power nation in history.

gold bull

Internet Rodeo: Bull riders Turd Ferguson, The Doc, Claudio Grass, & Andy Hoffman stopped by for a round table interview, discussing the Switzerland Gold Initiative, direct democracy, & what’s happening right now in both the equities and precious metals markets.
Sit back, relax and enjoy the conversation.

crash

In the US, while much is made of an improving jobs scene, the fact remains that in relation to the size of the workforce there is a greater percentage of working-age people not employed since the 50’s era of the male dominated workplace.
This is creating a two-way pull for gold and silver.
Declining commodity prices coupled with a strong dollar have hit both precious metals hard since mid-August with gold falling $130 at worst, and silver having been in continual decline since mid-July.
However, both metals have become oversold and as a result have bounced firmly off support at $1180 and $16.75 respectively. The chart below is of gold from its all-time high and its 200-day moving average.

Bernanke-Dimon-Fed-Tunnel

PM Fund Manager Dave Kranzler joins us this week for a power packed show discussing: 

  • Triple Bottom or Dead Cat Bounce?  The outlook for gold & silver over the next 6 months
  • Physical silver update- demand explodes as more physical sold in the first week of October than all of July & August! 
  • Giant House of Cards- why the fundamental economy has been completely rotted out
  • Kranzler explains that the banks have been able to continue manipulating silver futures far longer than expected because only 2% of futures contracts ever stand for delivery
  • No other commodities market in which the amount of outstanding futures contracts to the underlying deliverable is so out of balance- this would all end if the longs would simply STAND FOR PHYSICAL DELIVERY

The SD Weekly Metals & Markets with The Doc, Eric Dubin, and PM Fund Manager Dave Kranzler is below: 

moon

Despite the cartel’s vicious, criminal paper games, Silver & Gold demand has EXPLODED and Western demand is back with a vengeance.
Judging by the past week of Silver Eagle sales from the US Mint the big players, the smartest guys in the room were busy buying nearly 24 tonnes of silver from the U.S. Mint!

So the cartel can continue slaughtering the paper silver market, but they do so at their own peril as the inverse reaction to their criminality is a RUN ON PHYSICAL precious metals in the United States and abroad.
In this MUST LISTEN interview with the SGTReport, The Wealth Watchman explains why you are 100% right about silver. 

waterboard Dimon

After silver topped $30, I realized I needed more, that my purchases at $24 were rather insignificant. I often sang that refrain: “How I wish I had bought it cheaper.” 
The rest is history—especially the part where I loaded the boat with a credit card at over $40 per ounce.
So here we are with $17 handle silver (16-something over the weekend), with warnings from the experts that we may see lower prices.   Meh!  We have already been tortured and seeing metals priced in for less fiat just doesn’t hurt any longer. My perspectives are changing. What is valuable to me now are the things I will need when the paper system moves to its intrinsic value.
This isn’t going down like we all planned, hoping to catch a moonshot then convert our metal back to fiat and pay off houses, land, and buy stuff for a nice retirement in a new economy.   No, they have put the pain to strong hands, hoping to shake our metal loose, punishing us for daring to make their road more difficult.
We are buying to preserve our families through this transition period, not to get rich and retire.   QE is ending, Rates may be raised in 2015. The dollar is being pushed out of reserve status.  The petrodollar strength is eroding one nation at a time.  Eighty percent of the world population  regards precious metals as money—and their governments are buying, their citizens are buying. Price may rise, or it may fall further.
But one Saturday morning, not long from now, we shall awaken to a Bloomberg story (about an hour after Zerohedge runs it) that the Comex will settle all outstanding contracts in cash, at Friday’s price.

Gold the great equalizer

Gold has placed a triple 2-year chart bottom at $1180 and will NOT break.
Gold sits on the rising support line from back from 2000 – 2001 when the Bull Market began.
Buying Gold today in the very low $1200 range is equivalent to buying Gold back in 2001 when it was $255.
All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.  Gold at $2000 will be self-evident by the end of 2014, with the summer of 2015 an absolute certainty! 
The Gold price suppression Game ends this year with a Gold Spike and a FINAL Top is coming for the US Stock Market with no bottom until the year 2020!

Yellen

Gold, silver and stocks surged overnight and today after the Fed maintained their ultra dovish monetary policy stance. The risk to markets of an early hike in U.S. interest rates eased leading to a fall in the dollar after the release of minutes of the last Federal Reserve policy meeting. 

fight smash

If the banks fear silver, if the globalists fear it, if the U.S. government fears and loathes it, then it stands to reason that silver’s exactly where we need to be.
Yet, there are many who’ve made mistakes along the way in how they attempt to acquire their silver.  I will address some key mistakes below, so that you can avoid these pitfalls.  If you’ve made some of these mistakes yourself, don’t feel badly.
Whatever you do though: please don’t use margin.   Just buy the hard stuff.

derivatives

The values of gold and silver would be substantially higher if it wasn’t for the massive derivatives market.  Americans have no idea that the Derivatives Monster destroyed the ability for the market to properly value physical assets, commodities and the precious metals.
Without the Fed & Cartel Bank market rigging, a Dow Jones of 6,000 would mean gold would hit $6,000 (at 1980 Dow-Gold 1/1 ratio) and silver would reach $272 (at 1980 Dow-Silver 22/1 ratio).
The financial markets today are riding on FUMES.  There is no way telling how long the FACADE can go on, but with tensions between the West & East increasing significantly, we may see fireworks sooner than later.

At some point, the BRICS will pull the plug on the GREATEST PAPER PONZI SCHEME in history, making gold and silver some of the best assets to own.