gold MSM MopeFor those wondering whether Tuesday’s outside reversal off of gold’s June lows will mark the bottom of the 2+ year decline in gold and silver, Yahoo Finance has news propaganda for you: gold is going down for another 18 years!
Gold is pretty ugly- down over 30% year to date.  Do you look at gold here or just stay the heck away from it?
David Nelson: “I can’t find alot of reasons to like gold, you should avoid it.  The whole inflation argument that QE was going to cause inflation and hyper-inflation has been blown out of the water…If you go back and and look at the last bear market in gold, it took 20 years for it to bottom! Even if you think this might be a bottom, we’re only a couple of years into this.  You could be 5-6-7, even a decade early! Finally, the advent of virtual currencies like Bitcoin are a negative for gold buyers.
Can you smell the MSM desperation in the air?

best2013 saw Cyprus and the West’s first depositor bail-in (and SD uncovering Canada, The FDIC, and the Bank of England’s plans to also bail-in depositors during the next banking crisis), gold and silver hammered to start the summer and again to close out the year, the collapse of the US’ 2nd largest silver mine, QE tapering finally begun, and China consuming nearly every gram of gold mined globally.
It was quite a year for the markets and the metals, and once again, we recap the year that was 2013 with the Top SilverDoctors’ Posts of 2013:

Barclays computer fraudBarclays has been fined $3.75 million by FINRA for “losing” over a decade of incriminating chat messages regarding Libor manipulation.
A $3.75 million wrist slap for erasing any incriminating evidence of criminal fraud sounds like a pretty good deal to us, as we suspect that the firm’s “loss” of 10 years worth of instant messaging data likely kills any serious hopes of prosecution for LIBOR manipulation fraud.

flash smashAfter consolidating near $1200 and $19.40 throughout the overnight Asian and London sessions, gold and silver have just been treated to another vertical waterfall smash, with gold plunging towards the June low of $1178 with a last of $1181, and silver plunging nearly $1 through $19 to $18.67!

*Update 10am: Whip-saw volatilaty continues as gold and silver are now spiking vertically, as silver retraces entire COMEX open smash with a last of $19.75, and gold is up $35 off its lows to $1215!

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gold vaultOn this week’s SD Weekly Metals & Markets Dave Kranzler (Dave in Denver) joins the Doc and Eric Dubin for a discussion on real estate, the economy,  & the gold and silver markets. This week’s show covers:

  • This week’s trading: hedge fund short covering going into end of week;
  • 10 year T-bond breaks 3% and closes the week above the critical level!
  • Massive Chinese gold imports continue as 57 tons of gold drained from Shanghai vaults in past week!
  • Kranzler states the real estate market is rolling over- will give up entirety of bear market bounce over Q1 2014!

The SD Weekly Metals & Markets Wrap With The Doc, Eric Dubin, & Guest host Dave Kranzler is below:

Fed monkeyApparently the Fed cannot have its cake (taper) and eat it too (maintain its iron-fisted control over interest rates) as the 10 year treasury bond has just hit 3%- a 52 week high and up 20% from its October lows under 2.5%.
Is the Fed beginning to lose control of the bond market (along with the correlated $600 Trillion IRswaps derivatives market)?

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gold bottomOn the latest SD Weekly Metals & Markets Wrap The Doc & Eric Dubin discuss:

  • The Taper and MOPE manipulation undertaken to introduce it
  • Gold breaks below $1200, silver holds at $19- why The Doc believes the metals will bottom by 12/31
  • Bloomberg’s admission: London gold vaults drainedThe SD Weekly Metals & Markets Wrap with The Doc & Eric Dubin is below:

silver smashOn the day after taper gold has been slammed under $1200 for the first time in 5 months, and is within a mere $20 of testing the June 28th low of $1198.
Silver is down as well, but thus far is refusing to break below $19, and is still 7% above its June low of $18.
Will gold bounce off $1180 and set a double bottom, or will support break, setting up a full retrace of gold’s move from $1000 to $1915?

  • freefallFed tapers QE to $75 billion/month beginning in Jan!
  • Bernanke threatens further tapering: `Fed is likely to further the reduction of asset purchases at each future meeting!’
  • As expected, gold & silver smashed on the release, already rebounding to pre-FOMC levels as a $10 billion taper appears to have been fully priced in
  • 10 year spiking towards 3%

Full December FOMC statement is below:

gold vaultAt the recent Whitman Expo in Baltimore, former US Mint Director Edmund C. Moy who ran the mint from 2006-2011 opened up on visiting Fort Knox during his tenure as Mint Director.
Is there really any gold left in Fort Knox?  Mr. Moy’s first thoughts on viewing the inside of Fort Knox:
These bars at Fort Knox look like dirty gold…One of the first things was, Is this real gold?
Former Mint Director Edmund Moy tells his story and reveals what he saw with his own eyes when he toured the mint in the MUST WATCH clip below:

Source: Banzai7

Source: Banzai7

Taper or No Taper?  Will the cartel attempt to smash gold & silver below the June 28th lows of $1179 and $18?
SDLive debuts as an Open Interactive Thread for SD readers to discuss the day’s events, Bernanke’s last FOMC Press Conference, and the reaction of the markets.
The Doc, Eric Dubin, and AGXIIK will be covering the news and chatting live from 1:30-3pm EST!

Taper/No Taper Open Thread-your chance to interact directly with The Doc, Eric Dubin, & AGXIIK!
http://www.silverdoctors.com/live/

Three days ago, The News Doctors published a story that drew some skepticism within social media.  Unfortunately, the story is not an internet conspiracy theory.
51 US sailors are reportedly suffering from Fukushima-radiation related medial issues, and have filed suit in US District Court against TEPCO.
Upon further investigation, this is NOT a conspiracy, and appears to be the sort of story that needs to go through multiple rounds of “distribution”  before the mainstream media is forced to cover the story.