Submitted by Bill Holter
I have always believed that a hard shakedown would precede the “banking powers” positioning themselves long, very long and LONGER yet before an official markup in prices occurred. I think that this is exactly what is happening. Even the most hardcore “longs” are questioning their logic and downright scared. It has not been so much that the prices have gotten killed, it is the “time” that this correction has taken (now a 5 full months). Sentiment has been destroyed and those “polled” are bearish yet physical sales are strong.
When this thing finally blows, Gold and Silver will become more scarce and prices will move in multiples of what we’ve recently seen in the arms market. “Paper” money will come out of the woodwork looking for a place to hide and “real money” will be so far into hiding that you’ll see NONE on the street. Now that’s what “supply and demand” is all about in a real world!
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Dallas Fed Governor Richard Fisher spoke a couple of weeks back and said “The Fed has artificially sustained markets“. He spilled more beans yesterday, he said that “fundamentals don’t support stock prices“. Is he crazy? Who let this guy out of the box? Doesn’t The Fed have rules and protocol regarding making public statements? He says this a day after Bernanke testified in opposite fashion? Don’t get me wrong, Fisher is correct and a “quiet voice of reason” but isn’t it their job to lie? I forget which Governor it was back about 6 or 7 years who said something like “the truth is the last order of business for a Fed Governor” or something to that effect.
The point is this, because the basic premise (the Dollar) is a lie, they ALL have to lie, lie consistently, lie in harmony, LIE as one unit. You cannot have 5 different stories coming out of the board which contradict one another. The currency (the common stock of a nation) is a reflection of confidence. How much confidence does conflicting stories build or hold?
This in my opinion is far worse than Alan Greenspan’s “irrational exuberance” speech. At least he was only saying that the market was too frothy. Fisher on the other hand is saying that the market should, would, never have gotten to the levels it is today without the Fed “fueling” the move. If you read between the lines, the word “manipulation” is in there. The conflicting information now coming out shows the actual chaos that is going on behind the scenes. This sort of conflict amongst “bus drivers” will cause a panic where riders will simply jump off of the bus. “Confidence” as I have said many times is THE only thing holding the system together and these bozos are doing their damndest to destroy confidence.
Let me explain this in another way. If one of the owners of a casino came out and publicly said that his casino was “rigged”, would you go in and play there? Of course not. Here we have 2 separate instances where Fisher is outright telling you that the casino is rigged AND there are too many “chips” out there and still being minted, they aren’t worth face value anymore. “We” have been called tin foil hat wearing, lunatic conspiratorialst nutjobs for even suggesting that markets are rigged. Does anyone need any more “evidence” than a Fed Governor admitting to it?
But why would he do this? I think that behind the scenes the situation must be about ready to blow. Maybe he “grew” a conscience? Nah, probably not. My guess is that he probably wants to get out in front of what’s about to happen. Who knows, just my thought. I also believe (and have believed) that during times of financial stress, Gold and Silver have been suppressed. The higher the stress level, the harder the suppression. Yes they must take the lid off of the pot from time to time to relieve “pressure” (slow the physical demand with higher prices) but generally speaking the worse the condition the harder the price suppression has been.
Which leads us to where we are now. The month of February just saw the U.S. mint sell the largest amount of Silver Eagles for any February on record… while the price went down. Did the price really go down just as bigger demand than normal was hitting the market? This makes sense right? Well, not really but I also understand that Silver has become harder and harder to source, especially for large orders. We know that supply is not rising yet demand as evidenced by even government reporting is very strong…so the price should fall? This is merely another unintended consequence, when you make the price of something artificially low it will bring out higher demand. The price should not drop as demand rises in the real world but we live in a “Wag the Dog” world where everything is made for public perception. They must think we are all “Trumans”!
I have always believed that a hard shakedown would precede the “banking powers” positioning themselves long, very long and LONGER yet before an official markup in prices occurred. I think that this is exactly what is happening. Even the most hardcore “longs” are questioning their logic and downright scared. It has not been so much that the prices have gotten killed, it is the “time” that this correction has taken (now a 5 full months). Sentiment has been destroyed and those “polled” are bearish yet physical sales are strong. This tells me that more and more (than the previous 1/2% of investors) are figuring out the game. It also tells me that the “shorts” understand that they are living on borrowed time. They are not getting the “price” panic that they used to while the “lower prices” are creating higher physical demand, in other words they are hitting the wall of diminishing returns to their paper games.
As I said last week, it “feels” like a bottom to me and this “feel” is only strengthened by conflicting statements and obvious infighting at the Federal Reserve. I do want to point out that gun prices have in some cases doubled over the last 3 months or so and ammo has become nearly impossible to find. When this thing finally blows, Gold and Silver will become more scarce and prices will move in multiples of what we’ve recently seen in the arms market. “Paper” money will come out of the woodwork looking for a place to hide and “real money” will be so far into hiding that you’ll see NONE on the street. Now that’s what “supply and demand” is all about in a real world! Regards, Bill H.
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Anyone see the US Mint #s for today? 763,000 sold the first day of March. Silver to Gold ratio for the day is over 80:1 !
JPM: Game over.
This seems to be building steam. We can only guess that a lot of these buyers are insiders and professionals which are selling their stock 50:1 according to recent sources and then loading up on the bullion. This means that change is in the air.
Everything they have done lately has just driven physical sales all the harder.
Bill Holter is trying to use Jim Sinclair’s stump. Thats OK, I like Bill Holter so he is off the hook. OK, anyone who agrees with me is off the hook. Next thing ya know, Holter will want to call this moment in silver history “Holters Bottom”. Nope. It belongs to Sinclair.
Things are looking Positive especially when the Feds insiders are squawking. Lol
Here’s the fun part of this whole scheme. The professional manipulators are shaking the tree, maybe for the last time. The good thing is that we can’t be shaken loose. Even better, we can shake back. The silver shortages, intermittent, here and there, is getting deeper. We buy, buy and buy more.
The worst thing we will have to deal with is another 20 pundits saying the same thing over and over and we have to listen to these words. I can handle that cuz’ I have a high pain threshhold. That is true for the rest of the SD irregulars.
IMO the best thing to do is just keep your ears to the ground, buy when you can and enjoy life.
Easy does it ! Excellent thought , the luciferians are self destructive their Achilles heel is ‘Greed’ and now with Billions of dollars of fiat money flowing around you would think they would be happy , But It’s only good if you play the USD’ Monopoly ‘GAME..I don’t think Russia,China,India,Brazil ect,BRICS counties are not waiting for the crash,but been preparing for about 5 years..I think when they announce USD No Mas ! It already to late
“The worst thing we will have to deal with is another 20 pundits saying the same thing over and over and we have to listen to these words.”
Well said! Plus, these financial pundits are really annoying since they keep pointing out the obvious thing every time.
I hope they don’t keep the suspense going for too long. Take it down banker. Shake the damn tree hard. Gorge yourself you greedy bastard’s. Do it like its the last chance you’ll ever get. I want to hear MSNBC say the silver bull is dead. If we are going to call this Sinclair’s bottom it needs to be full, swollen, shapely and intriguing so we can get this party started. I want the stackers to whine also. Then we will know that we finally reached the bottom.
The loudest whining we are likely to hear from the stacker community will be along the lines of, “DAMMIT, I SHOULD HAVE BOUGHT MORE WHEN I HAD THE CHANCE!”. lol
the ‘GREED’ character defect that is inherent in luciferians , thank God, it a curse for the Edomites of old and still until today!
praise God Amen.
Hello Bill,
In the intelligence community, Fisher’s role is akin to a strategy of “limited hang-out.” The Fed actually benefits by having a couple of board members occasionally speaking truth. While the overall organization’s policy thrust will not conform to anything close to Fisher’s world view, the fact that Fisher gets to speak his mind and occasionally stump for a more restrictive monetary policy gives the Fed market credibility even when there’s no desire at all among most at the Fed to do anything Fisher recommends. In addition, having a couple of rouge board members enables the back and fourth b.s. that we see when the Fed conducts “jawboning.” For example, ever since the December minutes, we’ve had one or two Fed members serving the role of questioning the necessity of QE throughout the entire year. This is political theater in service of MOPE, nothing more.
It’s been this way for a very long time. I wouldn’t read as much into Fisher’s comments as you have. He’s just playing the monetarists “good cop” act (and he believes in what he says, but it’s largely irrelevant given that the Fed has no exit strategy, period, end of story).
To all: Sorry for being such a stranger in the last month. I had to retrofit a greenhouse and get a ton of other farm related work done in advance of the growing season. I haven’t had free time and I’m itching to get back into the writing game. You’ll be seeing more from me soon.
No need whatever to apologize, FW. Life has a way of derailing our best intentions. Time spent here is FREE time and some of us do not always have as much of that as we might like. Hope that your greenhouse refit and preps went well. :-)
That said, Welcome back, Brother! It’s always good to get your take on the crazier things that are going on in this crazy world.
I don’t know how everyone else is doing these days but I am suffering from a bad case of DC + Fed exhaustion. I need about 98% less of both in my life at the moment because every time they come up, my body temp and blood pressure head up into the red part of the gauge. I end up shouting at the TV, “How the bleep can you bleeping idiots be so bleeping STUPID so bleeping often!”. Good thing I have SD and SGTReport to read while I calm down a bit. :-)
Problem is there is so much BS coming from the Fed & DC ya need wings to stay above it add in the tools & nothing makes sence anymore stop spending on PM & spend your hard earned fait on things that will keep you alive when TSHTF & give these F&#$ERS a rest …….at a certain point you can be insurance poor …….buy things you can use …..savy
ALL part of THE PLAN. ;-)
The one thing that has me puzzled why Silver & Gold has not taken off. When President Obama mentioned the budget cuts and lost jobs. You would think the Stockmarket would implode (Fed is feeding is hungry child to keep it alive) Silver and Gold gets hammered and yet sale are just mind boggling! I would think we would be seeing some huge moves this year. Yet nothing..I finally bought me a roll of Lunar coins this past week. Next month same ole thing.
It’s manipulation, pure manipulation! Although, t5he cartel won’t be able to keep that forever. There were a lot of predictions that 2014-2015 will be the collapse of the USA. I believe that the first sign of the collapse of the US dollar is when the 500$ bill is reintroduced along with other big denominations.
For the moment, all we’re seeing is gold and silver’s prices going down. Although, silver’s price shouldn’t stay like that for that long because I’ve heard that it costs the miners 30$ to mine an ounce of silver. So the price should go back up pretty soon.