Ag is a WAR metal… we are inching closer to a global confrontation over the next few months, one that should be pivotal into spring 2016.
The Silver markets globally are setting up for a large move into year end.
Ag is primed to make impressive gains from late October / early November on into December.
IF you observe the market structure for Silver supply, there has been an immense disruption, one that began to manifest itself in August as I suggested back in April/May.
The interesting juncture in Ag leads me to believe we will see the old highs tested and exceed them w/ $72 in sight, and silver could easily approach $120 over the intermediate term – 30 months.
Gold continued moving higher this week, silver stalled out, and the miners continued to climb but ended on Friday by printing a swing high.
Premiums on Silver Eagles are down substantially…
Precious metal prices rose strongly from the low points of last Friday, with silver performing particularly well.
Silver is now up 3% on the year…
Silver just staged a very interesting breakout, from a multi-shouldered inverse head and shoulders bottom pattern.
In the short term, a quick pullback to the $15 area is possible, but the target of the pattern is the $17.25 – $17.50 area, and I think that’s very realistic.
The bottom line is that when system risk dominates the radar screen, top money managers buy T-bonds and gold bullion.
When inflation dominates, they are inclined to focus on gold stocks and silver bullion.
The Doc from SD Bullion and Silver Doctors and our friend Eric Dubin from News Doctors join us to discuss the latest developments in the global precious metals markets where we see the Perth Mint selling 3.5 million of its one ounce Silver Kangaroo coins in one day.
We also discuss the action in for PHYSICAL silver in India which has led Steve St. Angelo to conclude that demand for PHYSICAL silver worldwide will destroy the rigged paper markets once and for all.
And once again we hit on the 1980 inflation adjusted all time high for silver which now sits at $601 per ounce. With silver priced at $15 per ounce today, it equates to less than $2/ounce silver in 1980 dollars. Something is very wrong with this picture.
Today, we had the open interest in silver rise by only 145 contracts up to 158,051 despite the fact that silver was dramatically up in price to the tune of 76 cents with respect to Friday’s trading. The total OI for gold rose by 2490 contracts to 421,506 contracts, as gold was up $22.90 on Friday. Looks like the bankers were loathe to supply the paper in silver…
While the Mainstream Media and Financial Network hacks delude Americans into believing the Fed and U.S. Treasury are in control of the financial and economic system, investors continue on a record eight-year buying spree of silver. This multi-year buying trend of silver is unprecedented in history.
As precious metal analysts-investors bicker about whether THIS IS A SILVER SHORTAGE or not, the U.S. and world moves closer to the worst collapse in human history…
The Nonfarm Payrolls report really changed the character of the market. Silver is now outperforming gold, and the miners are doing well also. If the effects from the report continue, we could see some breakouts in PMs this week.
Brazil today had its currency plummet with the real crossing over the 4 handle to 4:1. Credit default swaps also climbed to the highest level in years. Brazil has its twin deficits, (fiscal and current account) climb to extremes as massive amounts of dollars leave the country to pay for goods.
Due to lower commodity sales, dollars are not entering the country as before and the country is spending whatever dollars come in faster than a speeding bullet…