my-shorts-on-fire

Here are the likely profits taken by the commercials during the latest COT week:  2 Million ounces at $50 profit is a cool $100 MILLION profit.  At $200 an ounce that is $400 MILLION profit.  So there are the two ends of the spectrum, not a bad haul for a week.
Meanwhile, the speculators appear to suffer from delusions of grandeur aka greed.  They are convinced price is still going down now and they are loading up for the fall (as the commercials covered 2 MILLION oz of gold shorts!).
They are seeking payments on their new hedge fund(ed) homes out on Long Island, I guess.

The speculators are not going to be rewarded unless they sell those shorts NOW.
And by the time this is read it may be too late…

treasure the moment

Is there anything SPECIAL about this week?
Summer officially ends September 21, 2014 and September 22, 2014 is the First Day of Fall — In More Ways than One!
Sept. 22 is known among aficionados of various and arcane market indicators as the day pinpointed by the late technical analyst, W. D. Gann, when markets are more likely to reverse than any other day of the year.
Treasure the Moment as summer ends and Gold trades in the low $1200’s and Silver at $17; for a Runaway Bull Market follows!

silver precipice

Gold and silver drifted lower over the course of the week, with a challenge to the $1200 level for gold becoming a distinct possibility.  On Friday, silver plunged below support at $18.
History shows us that the most successful investors are value investors, and those experienced in precious metal markets are currently happy to buy the dips. Meanwhile, with the majority of momentum traders being short of physical gold and silver, it is hardly surprising they talk these metals down.

launch rocket vertical

Only the Resolute Bulls Will Be Left Standing to Experience a Moon Shot to $2000 in 2014! 
Once all but the Resolute Bulls are wiped out, Gold and Silver will do an immediate price reversal and leave all who sold their Gold and Silver standing empty handed as the new 7-year Gold Bull market cycle Breaks away and runs into the end of 2014 and beyond!
Gold will spike in 2014 and the big question is will the spike hit $1600, $2000 or is $2000 much too low a target?
Cycle analysis gives price direction, NOT exact price,  so how high could the spike go?  

Only God knows; but the Gold Price Suppression Game that holds Gold down comes to an end in 2014!

silver rally

In the early 1970s silver went from “ho-hum” to “enthusiasm” to “wow, who would believe it could go to $6.40?”  After the 2008 crash silver went from “going back to 5 bucks” to “enthusiasm” to “wow, who would believe it could go above $45?”
As a reminder, after silver rallied to the then astounding price of $6.40 in early 1974, it crashed back to $3.80 and then traded sideways for 2 years.  Less than 3 years later it had briefly traded at $50.00, due to a combination of inflation, debt and deficits, political issues, conflict with the USSR, fear, a market corner, and dollar weakness.
After rallying to another “unthinkable” price of nearly $50 in 2011, silver crashed to about $18.50.
In another 3 -5 years, perhaps in 2017 – 2019, I expect silver will have rallied to $50, $100 or maybe $300 or more, due to a combination of multiple wars, unpayable debts, inflation, deficits, bailouts, bail-ins, massive “money printing,” inflationary expectations, QE, potential hyperinflation, considerable fear, currency wars, counter-party risk, political issues, derivatives, conflict with Russia, economic and dollar weakness, and the weakening or outright loss of the dollar’s global reserve currency status.

We know that financial television (and others) expect (hope) the S&P to rally and silver to collapse, but we must remember who pays the bills for financial television, buys the advertising, and supports the various fictions in our current economic and political environment.
The fundamentals along with sentiment cycles suggest that silver will rally for the next 3 – 7 years.

Source: Nanex
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On the 13th anniversary of the 9/11 tragedy, Tod Fletcher of Consensus911.org joins us for a power packed show, discussing: 

  • Latest PM smash as gold trades down towards $1225 and silver breaks $18.50: did the metals FINALLY bottom overnight Thursday into Friday, or is a capitulation crash coming on the Sunday night Globex session? 
  • First signs of renewed silver shortage appear along with DOZENS of new FIRST TIME SILVER BUYERS contacting SDBullion to enter the market Thursday and into Friday- a sign the 3 year correction is ending? 
  • The smoking gun that 9/11 is a Conspiracy FACT
  • Tod reveals his view on the MOTIVES behind the largest False Flag attack in US history- was it war, the security/surveillance state, gold theft/cover up, OR ALL3? 

The 9/11 Anniversary Special Edition Metals & Markets with The Doc, Eric Dubin, & Consensus911′s Tod Fletcher is below: 

flash smash

This week gold and silver were pushed below their previous “higher low”; gold dropped below its 1240 support, and silver was forced below 18.70.  From a technical chart perspective, this has just invalidated the uptrend for PMs in 2014, which will probably bring on more selling pressure for PMs. 
Is a big drop coming on tonight’s Asian open? 

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The current strength in the dollar has brought a new dose of uncertainty to precious metal prices. For the moment, it has been more a case of weakness in major currencies, particularly the euro yen and pound, rather than dollar strength. If signs develop of bigger shifts in favour of the dollar, markets could be signalling a greater degree of currency instability, leading the Fed to contemplate how to counteract the deflationary effect on domestic US prices.   This should generally be positive for gold after the current period of uncertainty.
Silver’s open interest is growing strongly as the bears increase their shorts. The preliminary figures for yesterday take open interest to a new record level:

gold bottom

Given the degree of manipulation by the Fed-sanctioned banks and the anti-gold bias of the financial media, I am stunned that anyone would expect that my “bottom” call would be perfect to the day.
I am standing by my call that we are at, or at least forming, a bottom in this vicious manipulated attack on the precious metals.
Patience is the key because eventually manipulated markets – throughout all of history – end badly for the manipulators. 

moon

Gary Christenson from the Deviant Investor.com joins the SGTReport to discuss his new bookGold Value and Gold Prices From 1971 – 2021: An Empirical Model.  Gary’s carefully constructed model projects a Gold price of $10,000 by the year 2021 and a Silver price of $500 – $1,000.  Gary notes that these numbers are based on simple mathematical projections using current levels of government spending which will undoubtedly continue unabated.
Gary’s conservative empirical model projecting $10,000 gold & $1,000 silver by 2021 does NOT even factor in the possibility of US debt default, Weimar-style hyperinflation of the Dollar or other dramatic economic catastrophes.

economic dollar collapse
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PM & Oil expert Steve St. Angelo joins the show this week for a power packed interview discussing: 

  • Mexican standoff in the silver market- will Asian physical demand overwhelm naked paper shorts? 
  • Steve Explains Why Peak Oil Will Destroy the Value of Paper Assets, & Decimate the US Market
  • US Gold & Silver demand ROARS back: Wholesale US gold market CLEANED OUT of all secondary market coins in past 48 hours
  • Steve compares what is coming to the US in the next 3 years to the end of the Roman Empire, and discusses why backing the US’ $17 trillion in debt won’t prevent A COLLAPSE WE DON’T COME OUT OF!

The SD Weekly Metals & Markets With The Doc, Eric Dubin, & special guest SRSRocco is below: 

Bernanke-Dimon-Fed-Tunnel

In this excellent interview with Finance & Liberty’s Elijah Johnson, GATA Chairman Bill Murphy discusses the latest gold and silver smack down, which Bill states proves that gold and silver manipulation more obvious than ever!
Murphy discusses the evidence why he believes that JPMorgan has run out of physical silver with which to suppress the PM markets, which Murphy believes makes the current sell-off an amazing buying opportunity in gold and silver.
GATA Chairman Bill Murphy’s full MUST LISTEN interview is below: 

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During the first half of 2014, Chinese gold demand was not spectacular, but it was decent,and it appears to be rising again.
Technically, gold appears to set to rally from around the time the September 5th jobs report is released.
Is the rally likely to be a little one, or a big one?

gold

The pattern of trading in precious metals changed for the better this past week.
August is a notoriously poor trading month, with traders in the northern hemisphere on holiday, or at least not thinking about markets.
September is wake-up time, and statistically the best month for gold.
Will this be the pattern this year?