Official Sources Grossly Underestimated Silver Buying in 2013!

Indian Silver Imports 2007 to 2013 ActualIt looks like the official sources grossly underestimated the amount of Indian silver buying in 2013.  When the Indian Government put restrictions on gold imports in 2013, their citizens switched to buying silver.
Thomson Reuters GFMS estimated that total Indian silver imports would be 5,200-5,400 metric tons in 2013.  However, Koos Jansen at InGoldWeTrust, recently published an article stated that the Indians actually imported 6,125 metric tons of silver in 2013.
If we had record silver imports by the Indians in 2013 and continued purchasing of every Silver Eagle allotted by the U.S. Mint… what happens to physical silver buying when things really get BAD IN THE FINANCIAL SYSTEM & ECONOMY??

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Silver Production From Top 6 Companies Declined In 2013

Top 6 Silver Mining Companies Produciton NEWEven though 2013 was a great year for physical precious metal demand due to manipulated lower paper prices, the top silver mining companies suffered a decline in overall production compared to 2012.  Of the top six companies, the largest four stated declines, while the two smaller producers increased mine supply slightly.
The chart below shows the change in production year-over-year from the top silver mining companies: [Read more...]

THE FORCES THAT WILL PUSH SILVER OVER $100

*Editor note: With sentiment near all-time lows for the entire bull market, we thought it apropos to bring back SRSrocco’s viral, comprehensive FUNDAMENTAL ANALYSIS on the forces that will push silver over $100/oz. 
PLEASE CHECK YOUR EMOTIONS AT THE DOOR AND REVIEW THE FUNDAMENTALS!

There are tremendous forces at work that will push silver over $100 an ounce.

According to the  2012 World Silver Survey, total global silver investment demand has risen from only 31.6 million oz in 2002 to a staggering 282.2 million oz in 2011.  As world economic fiat based monetary system continues to deteriorate, investors are taking delivery of physical silver rather than holding on paper contracts that may not be backed by any metal whatsoever.

This has created a run on the LBMA… the largest metal exchange in the worldOnce the world ‘s liquid energy supply starts its inevitable decline from its current plateau, annual silver metal production will decline as well.  There will be no silver glut and there will be no silver available when the world’s fiat monetary system finally dries up and blows away.
Get ready.  The forces for pushing silver over $100 have just begun. [Read more...]

Silver Eagle Sales Steal The Show While Top Silver Miners Lose Money

U.S. Mint Silver  Gold Eagle Ratio updateIn an interesting irony, investors are purchasing record amounts Silver Eagles while the top primary silver miners continue to lose money.  Not only did investors purchase the most Silver Eagles in the month of February compared to previous years, the silver/gold ratio is off the charts.
This year, investors have purchased 3,750,000 Silver Eagles compared to 31,000 oz of Gold Eagles.
This is a staggering 121 to 1 ratio, shown in the chart below: [Read more...]

Silver Will Be The King Precious Metal Performer

While gold is the king monetary metal, silver will turn out to be the king precious metal performer.  Currently, gold is stealing the show as the East (China) continues to consume more than total world gold production.
However, silver will surprise the markets in the future as overwhelming demand will outstrip supply in a big way.
The key factor that will drive up the price (value) of silver much higher than gold in percentage terms, will be its affordability.  As the price of gold heads back above $1,500 and silver to $30, an individual can buy a heck of a lot more silver than gold.
As the public and market are lulled back to sleep (presently) on the value of silver, there will come a time in the future when it will be impossible to acquire a single ounceonly at much higher prices.
Silver Will Be The King Precious Metal Performer.

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U.S. MINT UPDATE: Silver Eagles Nearly Sell Out In Two Days

gold & silver sold outThe U.S. Mint updated its sales figures today… and it was another whopper.
Yesterday, the U.S. Mint sold 825,500 Silver Eagles which was about two-thirds of the weekly allocation.
The total Silver Eagle for February is now 3,671,500.
Not only has this been another excellent month (so far) for Silver Eagle sales, it is an all-time record for February! [Read more...]

Market Continues To Purchase “All” Allocated Silver Eagles From U.S. Mint

U.S. Mint Silver Gold RatioAs sales of Gold Eagles remain subdued, the market continues to purchase every available Silver Eagle from the U.S. Mint.  Since the beginning of the year, the U.S. Mint has sold its Silver Eagles on a weekly allocated basis.
 in the past several weeks, 80-90% of the total allocated weekly Silver Eagle amount was sold on the first day of the week!
The U.S. Mint just updated its sales figures Monday, with an astonishing 744,500 Silver Eagles sold in one day: [Read more...]

Watch As Precious Metals & Energy Prices Go Crazy As Things Fall Apart

end badlyThings in the U.S. will begin to fall apart in 2014 as the energy production begins to peak and decline impacting supplies and price in a big way.  This will cause a profound shock to the Stock, Bond and Paper markets.
Precious metals will be some of the best and safest assets to own during this “Energy Induced Collapse” period.
As Wall Street and the financial media carry on business as usual, the underlying foundation of the U.S. economy continues to disintegrate.  Very few Americans realize we have past the point of no return.  This holds true for many of the precious metals investors. [Read more...]

THE COMING SILVER STORM: The Public Is Not Prepared!

gold stormThe financial sky is growing dark.  The stock markets are experiencing volatile trade winds.  The barometer of the economy grows weak as indicators point to another recession looming on the horizon.
The Fiat Monetary System and Derivative’s Monster is heading towards certain death…. it’s just a matter of time.

The Precious Metal Storm is coming… unfortunately, the public is not prepared. [Read more...]

What They Did To Silver

This brings us to Paul Volcker, who chaired the Federal Reserve System in D.C. (August 1979 to August 1987) during which time he shafted gold and silver investors and miners by such low blows including telling U.S. banks to not lend for “speculative” gold and silver buying; and arranging a “bailout” loan for the Hunts in the wake of their crippling margin calls by spring 1980.
The loan was syndicated from various Pilgrims Society members as Alfred Brittain III of Bankers Trust; Sir Dennis Weatherstone of J.P. Morgan & Company; William Ira Spencer of Citibank; and others.  The loan was structured so as to cause the Hunts to be compelled to relinquish some 59 to 60 million silver ounces, which took place by 1986!
All that bullion was of course dedicated to global silver price dampening campaigns.  Volcker became head of the Group of 30 in D.C., representing a consortium of foreign central banks in league with the Federal Reserve System and the Bank of England in suppressing the twin monetary metals. [Read more...]

SRSRocco: Gold Crosses Big Barrier at $1300, Could Explode at Any Moment!

rocketAs the price of natural gas topped above $5 Thursday, Gold finally surpassed the psychological $1,300 level.  This is quite interesting as the largest gold producer on the planet, Barrick just released its Q4 2013 results showing  “All-in costs” for mining gold at $1,317 an ounce.
As record demand for the yellow metal continues in 2014, the current price of gold is still below the total cost of production from one of the largest gold miners in the world.The problem now plaguing the mining and energy industry is the huge increase in capital expenditures as prices remain flat (oil) or decline (gold).
The gold market isn’t trading on fundamentals whatsoever.  The Gold Market could explode at any moment.
2014 may indeed be the pivotal year for the financial markets.  There are so many negative factors going forward, I believe the broader stock & bond markets will finally succumb to the weight of the Hundred Trillion Dollar Derivative Monster.
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U.S. Mint Nearly Sells Out Of Its Weekly Silver Eagle Allocation In Two Days!

After a slower than average sales month in January due to the US Mint’s shutdown, Silver Eagle sales have picked up significantly in February.  In the first eleven days of the month, the U.S. Mint has sold nearly 1.7 million Silver Eagles.
On Tuesday, US Mint official Michael White confirmed that demand for Silver Eagles remains so strong that the Mint nearly entirely sold out of its weekly 900,000 sales allocation of ASEs in the first 48 hours of the week. [Read more...]

RED ALERT: Coming Currency Collapse & Bullion Banks Rush To Increase Registered Gold Inventories

Comex Registered Gold 20614The warning signs are increasing as the death of the Global Fiat Monetary System approaches.  The bullion banks lost 88% of their Comex registered gold inventories over the last year and are now rushing to build their stocks to satisfy future deliveries.
As the chart below demonstrates, since April of 2013, the Comex Gold Registered Inventories have declined 88% from 3 million oz to a low of 369,212 oz at the end of January.
In just the past three days, the bullion banks transferred nearly 200,000 oz of gold from their Eligible inventories to their Registered in a desperate effort to avoid default.  The bullion banks only had 439,900 oz of registered gold in the inventories on February 4th.  During the next three trading days, the bullion banks transferred 197,590 oz  from the Eligible to the Registered category. It is quite interesting to see the bullion banks rush to add 200,000 oz while the majority of contracts standing for physical delivery in February were settled with cash.
Will the bullion banks be able to stave off a February default in COMEX gold?

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2014 Silver Eagle Sales Limited By Rationed Blank Supply

gold & silver sold outThis year’s 2014 American Silver Eagles debuted on Jan. 13, or about a month after the 2013 American Silver Eagles sold out on Dec. 10. United States Mint distributors could not order as many as they wanted, as sales were rationed. The U.S. Mint allocated how many it sold during the first week to fewer than 3.6 million, and then reduced the amount to less than 600,000 for the second week so it could “begin the process of slowly building weekly inventories.” The final week of Silver Eagle sales reached 741,000.
…..The United States Mint now has the capability to fulfill demand, but the limited supply of silver blanks has kept allocation alive. [Read more...]

Who Controls The Gold Stealing New York Fed Bank?

Before gold goes berserk like Godzilla rampaging across Tokyo—and frees silver to supernova—let’s have a look into backgrounds of key Federal Reserve personalities, with special focus on the New York Federal Reserve Bank.
The NY FED is the center of an international scandal regarding refusal (incapacity) to return German-owned gold.
The outrage will worsen. [Read more...]