Anyone care to explain how creating 165,000 new jobs is good news when we added another 340,000 initial claims for unemployment?  I tend to see that as a net decrease of 175,000 people working.
To say it is good […]

ILUVPMs, there may not be phyzz available at $17, at least not without huge premiums.  IMO The difference between a spot price of $23 and $17 may not make a difference once the premium is added on.  Phyz right now […]

Of course it will be a system wide bail in.  All of these banks have deposits with one another.  As soon as the PIIGS banks start to fail, the “bail in” will include inter bank deposits for other banks across the […]

Can someone confirm if I understand this correctly?  The massive 200 million oz reduction in short contracts over the past four months by the commercials has been used to force the price down from $32/oz to […]

Apmex is currently listing $100 face value backs (71.5 oz) at $2354.  That’s $32 an oz!  For people questioning whether there is a difference between paper and physical markets this should be pretty damn good evidence. 

I’ve comment various times in the past that when we start seeing $1-$2 swings in the daily price, we will know things are getting ready to take off.  The beat down of the spot price has escalated in frequency and […]

Conax, whether or not the banks will eventually go long depends on who is running the show.  If the US gov is telling the banks what to do then they will continue to short the metal to protect the value of the […]

Can someone explain to me why the Kitco Spot Price keeps changing on a day when the market is closed?

Smashing the price down $2-$3 would allow them to cover short positions that were established at lower price levels.  Realistically, they probably don’t care much about the small swings in price.  Rather it is […]

Things are going to get worse before they get better. Ramping up the attack just before the banks reopen may be a signal that the cartel views bank runs throughout Europe to be inevitable.  If Cyprus really is to […]

Ok so from both chart it looks like price and # of eagles sold are pretty well correlated up until 2008.  So riddle me this, if the cartel has been manipulating metals prices for as long as everyone seems to […]

This is great to see.  Volatility should pick up before a major move to the upside.  When we start seeing $1.00 + ups and downs in the daily chart for multiple days in a row, I’ll take that as the sign the big […]

Crissy, I happen to be stacking Single Malt Scotch in addition to Gold and Silver Personal vice and will likely be worth it’s weight in Gold once everyone runs out haha

Agiix, 100% agree with you about the sequester.  If they continue to pound metals prices down through the end of the month then I believe the sequester will happen and they will use that as the trigger for a […]

This should be expected by everyone.  The price was never going to take off after trading horizontally.  If we really are at the end of the correction, the cartel is going to hammer the price as hard as possible […]

Ed B, that’s what my Mossberg is for

AGXIIK, the property tax concern is very real here in CA.  How else is our legislature going to fund $100 billion projects like the idiot bullet train?  Unfortunately a move to Nevada is not in the cards, but when […]

I bought a short sale in Fall ’11 in the San Francisco Bay Area, and my mortgage payment was barely higher than my rent so I don’t see how that could be a bad investment.  However, it is blatantly obvious to me […]

If I understand this correctly, JPM closed its short position by delivering $17 Million oz of silver to SLV which was deposited in a JPM warehouse?  (effictively JPM moved the silver from one wall in the warehouse […]

Has anyone thought we may have this backwards?  
Isn’t the play book for the bankers to create booms and busts in the economy through credit cycles? 
Have we not experienced an extended period of low interest […]