BO POLNY: Is the Silver Trade of a Lifetime Coming?

Gold’s performance this past week vs. the yen was impressive to say the least.
Japan turned on the printing press and Gold broke out to new 1.5 year high relative the yen.
Gold, the great equalizer, will always expose the truth- and the truth is printing money leads to hyperinflation and much higher prices in both Gold and especially Silver.
The Silver trade of a lifetime is coming…

 

 

Submitted by Bo Polny:

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Below is a partial excerpt from the November 23, 2014 Subscriber update…

 

Gold’s performance this past week vs. the yen was impressive to say the least.  Japan turned on the printing press and Gold broke out to new 1.5 year high relative the yen.  Gold, the great equalizer, will always expose the truth and the truth is printing money leads to hyperinflation and much higher prices in both Gold and especially Silver.

 

In the Gold/Yen Chart below, Gold has BROKEN OUT of the TRIANGLE with a NEW 1.5 Year High relative the Japanese Yen last week.  Note the Chart EXAMPLE on the right illustrating what comes AFTER a BREAKOUT!

 

 Triangle 1

 

YEN

 

 

The yen is now the first of all the world currencies that has broken out of the Triangle formation and is soon to be followed by all the other currencies of the world.

 

In an excellent article posted on Silver Doctor’s November 21, 2014 by PM Fund Manager Dave Kranzler he states…

 

The yen has lost well more than half of its value vs. the dollar since the beginning of 2012.  In other words, the yen is now collapsing.

 

If the yen goes “super-nova” – i.e. collapses – it could bring down the U.S.   The U.S. QE/Keynesian Ponzi scheme relies on Japan to help keep the scheme together.   The yen is beginning to hyperinflate and it is now entering “parabolic” mode.  First, this will cause the Japanese banks to implode because they’re loaded up with Japanese stocks and bonds, the way our banks are loaded with Treasuries.  The banking system would not survive a yen collapse.

 

If the Japanese banking system collapses, it will translate into massive derivative losses and short term funding losses in the U.S. banking and hedge funds.  In other words, U.S. banks have massive credit exposure risk to Japanese banks.

 

Another reason for a Gold & Silver Spike

 

SILVER:  November 2014 Silver Volume per Netdania as of  the 24th ; it is currently at 243,748,333 (and rising).  These are very likely 5,000 ounce contracts which would be the equivalent of 1.218 Trillion ounces, or 1,000 years+ of global annual mine supply.

 

Silver Volume Nov 24

 

GOLD:  November 24, 2014 Gold Volume per Netdania as of the 24th; it is currently at 100,451,660 (and rising).  These are very likely 100 ounce contracts which would be the equivalent of 10.045 Billion ounces! With 1 ton equaling 29, 166.67 oz of Gold, 10.045 Billion ounces equates to 344,405.652 tons of Gold traded in ONE MONTH so far.

 

What is the total above ground supply on Gold on earth?  A Google search came up with 120,000 to 140,000 tons.  Assuming the larger of the 2 number is the actual supply; in the month of November so far 2.5 times the total above ground supply on Gold on earth has traded!

 

Gold Volume Nov 24

 

Long contract, short contracts… WHO CARES!  If both Gold and Silver are in ‘supposed’ Bear Markets WHY is everyone so interested in trading Gold and Silver that the Volume numbers are beyond comprehension!!!

 

WEDGE

A Bullish Descending Triangle Defined:  These types of patterns, where the market gets squeezed into the apex can produce very powerful moves in the opposite direction.  Why?  Because the longer the market spends down at that lower right hand corner, the more shorts pile in.  When they can’t force it below that level and the market rallies above the downtrend line, the shorts scramble to cover.

 

Note the Descending Triangle that has formed from 2010 – 2014.  The amount of paper shorts holding silver at $15-$16 at this time must be staggering.  The move out of the triangle will be breathtaking as the paper shorts scramble for cover!

 

Cycle analysis indicates these prices will never be seen again with a bullish Breakout and spike into $2000+!  For more details and recent Interviews please visit www.Gold2020Forecast.com.

 

Thank you, Bo Polny

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