Barron’s, the financial magazine infamous among gold bugs for its incessant bashing of the metal, has changed tactics, and decided to release an all-out hit piece on silver, which is by far the most intentionally misleading article propaganda on silver we have ever seen.
The piece contains phrases such as ‘silver bites people, it’s nasty‘, ‘don’t be seduced into thinking that silver is about to shine again anytime soon‘, ‘Silver’s charms are fading–and so are chances of a quick silver comeback‘, and comes with a headline intended to keep the Average Joe away: ‘Beware: Silver Can Bite!‘
Lest investors remain unsure of Barron’s bias, they are informed that ‘signs abound that silver’s best days are behind it‘, and then fed a bevy of misleading data intending to steer investors clear of silver.
Frankly, this is a bullish sign, as it reeks of desperation among the banksters and elite.
Got silver!?!
Silver’s charms are fading–and so are chances of a quick silver comeback.
The metal has had a manic-depressive 12 months. On April 29, 2011, futures vaulted to a record settlement high of $48.599 a troy ounce, then plunged 27% over the next five sessions. The metal never recovered after exchange owner CME Group raised trading margins to quell the extreme volatility.
However, with prices now around $31, don’t be seduced into thinking that silver is about to shine again anytime soon. “Silver is the one that doesn’t get invited to the birthday party because it bites people; it’s nasty,” says Sterling Smith, an analyst with Country Hedging in St. Paul, Minn.
THE STOMACH-CHURNING UPS AND DOWNS of last year continue. This year’s roller-coaster ride has seen prices race up 33% in late February, only to slide 16% since then. This alone should serve as a warning to timid souls. But signs also abound that silver’s best days are behind it.
In the futures market, the open interest in Comex silver futures points to a metal losing its charm. This measure of the number of silver contracts in play remains anemic at around 120,000. This compares with more than 140,000 during silver’s rally last April, and more than 160,000 in late 2010 when most commodities benefited from a spike in investor demand on the back of QE2, the Fed’s quantitative-easing program. (And the threat of outright theft as clearly displayed in the MFG client theft fiasco couldn’t possibly have anything to do with the current open interest in silver, could it?)
The shimmering hoard of the metal building in CME warehouses also reflects its dimming allure. Silver stored there is touching a 10-year high at 140.6 million troy ounces, or about 18% of 2011 global mine output. The massive stockpile “points to currently plentiful supply on the global silver market and is likely to block any significant price rises in the near future,” analysts at Commerzbank say in a research report. (Hmm…no mention that COMEX REGISTERED OR INVENTORIES ELIGIBLE FOR DELIVERY are near last summer’s record lows- or at least were until JPM adjusted their entire client silver book into dealer vaults last Friday)
Barron’s metals ‘expert’ TATYANA SHUMSKY is credited with the hit piece, which can be found here:
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_silv.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_gold.gif)
Vary var good news hear. All this propaganda lately on tv & in writing is telling me there close to going bust. They have been doing a media blitz lately along with the smack downs to scare off new investors. because they cant handel anymore coming into the market. There shorts they drop in the market hardly do anything but for a few hours.
So what they are saying is that they have insider info that silver will continue to be manipulated for the foreseeable future…
Got to love propaganda… They must feel the noose tightening around there neck….
Tatyana Shumsky??? That Bolshevik Polack would’ve created a work with more merit if she took a dump on a bedsheet and took a picture. F Barron’s. That rag had been going downhill for years and is nothing more than a Rupert Murdoch Newscorp propaganda mouthpiece for the Elite bankers. It’s just like the “Yellow Press” of William Randolph Hearst nowadays. I sincerely hope TS’ next date is with a Ted Bundy type. Seriously.
Got to love these news reports. Instead of buying anything physical please put your money into the algorithm controlled stock market where super computers can fleece you for every dime possible.
Don’t worry the stock market is a safe bet and just like housing prices it never goes down. Soon you’ll be singing songs like ‘Blue Skies’.
You can’t eat Barron.
It must be pointed out that, for Barron’s to come out now and attack silver, it shows that these people are fully aware of silver’s ‘threat’ to the present financial system (even more so than gold). And they realize that, throughout cyberspace, more and more people are becoming aware of the story of silver, and that people are taking action against the present oppressive financial system (by the simple act of converting their fiat ‘money’ for real honest money).
Why else would Barron’s well-known disdain for gold suddenly turn full-force onto the so-called “poor man’s gold”, silver?
The more the media bad-mouth the precious metals, the more people are becoming aware that the establishment fears the rise of silver and gold into the limelight. And people will wonder why. People will begin to question paper ‘money’.
Don’t get me wrong silver has been a great hedge against inflation, but let’s remember the run ended almost a year ago. With the increase in price industrial buyers have turned to alloys and silver eagle purchases have been down month after month. If the demand was actually increasing price would increase but that just is not reality. Central banks don’t buy silver so I keep asking myself what is going to drive silver back up to 50 or 300 for that matter. We will see mid 20s way before we see the 40s again.
BARRONS
Murdoch’s MOPE media magazine manufacturing misguided, mistaken, manipulated messages mostly for mental midgits, muppets and morlochs.
MMMMMMMM Silver AHHHHHH! Gold!
Proof silver hasn’t even lit the fuse on the rocket launcher. I think barron’s going pro silver will be a good sign for me to get out.
It’s disgusting to see them try to turn regular people away from the one thing that could protect them from currency debasement.
Boycott Barons & their advertisers they are a tool & a piss poor one at that.
The smell of panic is clear in the article. Very encouraging for those with the ability to read between the lines.
More smiles for me. Just picked up a few more bucks in Canadian junk silver at $18.50 to the $1. ($30.83/oz)
I am quite sure at the NEW dollar’s birthday party, silver will be invited. If not, silver will just be a party crasher. Good article, I didnt even know Barrons was still around.
Barron who?
It’s interesting to note that the article has the polar opposite of their desired effect to those who begin to understand the inner workings of this financial house of cards. Blast away – makes me feel even more secure in my decisions.
Isn’t this sort of a good sign for those of us who are stacking (new like me or vets like the Doc)? I take this that my choice to start stacking this year remains the smart one…. and this gives me hope that the manipulation will actually continue for some time. I’d LOVE to see them “proove the point” by smacking down silver to the low/mid 20′s or even lower, that just means I’ll buy that much more of it.
HAHAHAHAHA…. been waiting to see something like this. DESPERATION. That is all this is.
The fundamentals have never been better for silver. All central banks are printing. The FED will print soon. They have to. It’s Inflate or DIE.. what do you think they will do? With all these other central banks printing the dollar can’t even break 80 in the USD? BUY FOLKS. this is the time to buy. They have been dumping monsterous contracts to try to get this thing to drop. Every time taking more and more manipulation with less and less results. This article shows desperation.
16 Responses & not 1 coin
well i just handed out 15 coins
I dont think this coin thingie is working all that well
just my.02 & worth every penny
”
The piece contains phrases such as ‘silver bites people, it’s nasty‘, ‘don’t be seduced into thinking that silver is about to shine again anytime soon‘, ‘Silver’s charms are fading–and so are chances of a quick silver comeback‘, and comes with a headline intended to keep the Average Joe away: ‘Beware: Silver Can Bite!‘”
I think I am going to be sick now… it is too much mental diarrhoea to consider at once. I really and truly feel sorry for people who fall for Barron’s nonsense (to state it mildly). To write something like that about silver is high treason to me. I would gladly accept the title of TORTURER as my surname suggests when the time comes, because I will not hesitate to DOUBLE what they’ve been giving to us and give it back to them 24/7. In fact, I would love to take a silver bar and really smack them out of their misery.
What an article as a newcomer I have never heard of Barons but they can keep writing those articles all they want as far as I’m concerned, I just bought two rolls of AE’s last night for $550.00 a roll and they where delivered. This negativity and the way the spot is jumping around is chasing the investors away. Gotta Love Stacking.
Marchas45 Spot on and well done!!! We will stack while they play their silly little fiat games.
And to think that they actually pay people come up with crap that confuses people and tells them lies… How can they go through life, look at there families, sleep at night…. How can they live with themselves…
Does the increase in silver stored in the CME warehouses mean unwanted supply or just stacking on their part? Also, does the decrease in silver eagles mean less demand or less desire to sell? Just curious.
More propaganda!
The writing is on the wall!
Tick..tick..tick..tick…..KAAABOOOOM! Crimex paper silver market.
Has anyone done an analysis of the price of silver and/or gold against these hit pieces that come out? Just curious to know if the average investor/hedge fund really pays any attention to this cr@p.
Disgusting!
This is just another minor shot fired in the Cabal’s war on silver.
You’re right Doc, this does smack of desperation. Things must be awful behind the scenes, and we’ll have to pick up the buying slack for the public.
so what they’re saying is… I should buy MORE silver?
bought @ 30.53 today
jiggysmb, I would luv for a major clearing event to take place vs. this slow bear grind…
I love these articles!! LOL Funny they never mention what is a “better investment” if not silver..
RJRG, I have been buying dips but I feel a major dip coming. Looking back at the smack hat came a year ago and looking how high the S/G ration has gone in the past I see this going on for a couple years easy.
Doc, I need that one ounce of silver!
Hi Doc, I wish to take an alternative view. Actually I think the Barron’s article is wonderful. Barrons is mostly read by the the top 1%. Personally I don’t want the the 1% being saved from their follies. I want the average bloke to be saved. So if the elite are being told not to buy silver, that’s great, more left for 99% to buy.
Bankers love you short time, silver loves you long time.
So much silver hating emotion, temper, temper
all the more reason to keep stackin’
Guys, guys, please: if the “elites” at Barron’s want to hold onto funny green pieces of paper with dead guys pictures, let ‘em do it. I’ll be more than glad to trade ‘em some for Silver Eagles or Krugerrands
TRUST NO-ONE!!
When it comes right down to it, Everyone’s agenda is ultimately self serving. Those that promote PM stacking and those that dismiss it as uncivilized.
Why would someone who doesn’t have a dog in the race tell you where to place your bets?
Why wouldn’t someone who DOES have a dog in the race NOT tell you where to place your bets?
It’s human nature to preserve and promote ones beliefs and opinions. Anyone who says different is a fucking liar. Anyone who doesn’t get this simple fact is a fuckin idiot.