What we have just witnessed in the gold and silver markets was merely a pre-shock warning and a “roadmap” if you will to what is eventually coming. A mad rush into the metals can begin at any time for any number of reasons. The list just keeps growing as does the fiat outstanding that will do the “chasing”. The problem is that as just illustrated, supply has no depth whatsoever and the bottom of the barrel has already been exposed. The next time a wave of buying hits this market (not that the current wave is done) may be the last time that the demand gets met by supply. Once supply is gone, it is gone. This is not like the banking system where a bank runs out of money and calls their central bank for more. It takes real sweat, labor, equipment and capital to dig Gold and Silver out of the ground, “supply” doesn’t happen with the wave of a magic maestro’s wand. [Read more...]
Metal Shortages: A Precursor for the Main Event?
Largest Primary Silver Miner’s Average Yield Declines 13% In 2012
By SD Contributor SRSrocco:
The top primary silver mining company in the world, Fresnillo LLC saw its averge silver yield decline 13% in 2012. The large percentage of the decline came from its flagship Fresnillo mine whose average silver ore grade fell from 396 g/t in 2011 to 328 g/t in 2012.
As ore grades decline, it takes more energy to produce the same or less metal. [Read more...]
Nigel Farage: Like Communism, EU Has Gone Badly Wrong!
Our favorite member of the European Parliament, UKIP’s Nigel Farage has delivered another epic rant to the Parliament, stating that the EU faces the prospect of massive civil unrest and even revolution as a result of the EU’s failed economic policies.
Farage compares the failed EU experiment to Communism, stating:
Like Communism, this has all gone badly wrong, and the EU Titanic has now hit the iceberg. It is a European Union of economic failure, of mass unemployment, of low growth, but worst of all, it’s an EU with the economic prison of the Euro. And this now poses huge dangers to the continent. We face the prospect of mass civil unrest possibly even revolution in some countries that are being driven into total and utter desperation.
Farage states that there is hope however, as signs of a democratic rebellion have begun.
Farage’s full epic rant is below: [Read more...]
Global Hyperinflation & $10,000 Gold-Nick Barisheff
Gold expert Nick Barisheff says the plunge in the gold price is sparking demand. Barisheff contends, “Usually when there is a big drop in price of paper, there is also a drop in demand on physical gold. This is the first time I can remember that it has gone the opposite way. People are perceiving the drop in price as a gigantic buying opportunity. It’s on sale at a lower price.” The dollar is going to dramatically lose value. Barisheff predicts, “What’s different than the other 65 hyperinflations is, this time, we are going to have global hyperinflation.” Barisheff says nothing has changed to justify gold’s dramatic price drop. Barisheff says, “When I listened to the debt ceiling debate in 2011, it became crystal clear the debt situation wasn’t going to get resolved. So, it is accelerating, and the relationship between the U.S. debt and gold is almost a perfect correlation.” Join Greg Hunter as he goes One-on-One with Nick Barisheff, President and CEO of Bullion Management Group, and author of the new book “$10,000 Gold.” [Read more...]
Indisputable Proof Paper Gold Markets are Massively Manipulated
What would you think if someone told you the following?
“Three times this week, I am going to tell you the low price of gold with near perfect accuracy, and one of those three times, I am going to tell you events that will precede the low and the exact time that gold prices will crash.”
You would likely conclude that either:
(1) I am somehow directly involved in setting the price of gold in paper derivative markets, or
(2) that since nearly perfectly predicting gold price movements three times in one week in a free market is impossible, that such an accomplishment would serve as indisputable proof that gold markets are rigged and manipulated by bankers, as none of my predicted price targets depended upon technical chart analysis of any kind.
So let’s summarize my calls regarding gold price movements on three separate occasions last week, and why I feel that the accuracy of these calls serve as indisputable proof that Central Bankers and their agent bullion banks manipulate the price of gold and silver. [Read more...]
Here We Go: Silver Waterfall in Progress
After consolidating near $23.70 throughout this morning’s Asian trading, silver has again been hammered by the cartel, with the first wave of selling beginning shortly after the London open, and culminating in a classic vertical waterfall decline taking the metal nearly back to $23 on the COMEX open.
The move has broken silver out of its nearly 3 week long trading range of $23.30-$24.50 to the downside, meaning a re-test of the correction low at $22.005 is now entirely possible. [Read more...]
One Year In Hell…Surviving a Full SHTF Collapse in Bosnia
Many in the precious metals community are eagerly anticipating a complete systemic collapse of the financial system because as “preppers”, they expect to not only survive, but to prosper in a SHTF scenario. We suspect however that the following MUST READ account of surviving the Bosnian war in the midst of a complete collapse of the grid will be eye-opening in just how difficult it is to survive a full-on Mad Max scenario, even if one has spent years preparing for it.
I am from Bosnia. You know, between 1992 and 1995, it was hell. For one year, I lived and survived in a city with 6,000 people without water, electricity, gasoline, medical help, civil defense, distribution service, any kind of traditional service or centralized rule.
Today, me and my family are well-prepared, I am well-armed. I have experience.
It does not matter what will happen: an earthquake, a war, a tsunami, aliens, terrorists, economic collapse, uprising. The important part is that something will happen.
The following is my experience: [Read more...]
Jim Sinclair on Freegold & The End Game
Jim Sinclair sent an email alert to subscribers this weekend discussing his thoughts on freegold, and the end game to the current financial system. Sinclair states that the current freegold proponents have distorted the original truth of free gold, and that gold is going back to its original role pre-convertibility.
Sinclair states that The emancipation of physical gold from paper gold is happening NOW and that the end game for paper gold is the basis for the future of physical gold.
Sinclair’s thoughts on freegold are below: [Read more...]
Flash Sale!! 2013 American Eagles Only $3.79 Over Spot Any Qty!!
Doc’s 2 Hour Power Hour Sale
*Sale extended to 7pm EST due to demand!
2013 Silver American Eagles $3.79 Over Spot for Any Quantity!!
Click The Coin or Call 614.300.1094 Now!! [Read more...]
Payday Loan Companies Are Making Billions Preying On The Misery Of The Poor
Would you take out a loan that has an annual percentage rate of 391 percent? Yes, I know that sounds absolutely crazy, but millions of Americans do it every single year. The typical payday loan requires borrowers to pay about 15 dollars for every $100 that they borrow for two weeks. That comes out to a yearly rate of about 391 percent. And the payday loan companies know exactly who to target. They have set up thousands of shops in the poorest communities all over the nation over the last several decades. Each year, approximately 12 million Americans take out payday loans and they pay approximately 7.4 billion dollars in interest and fees on those loans. [Read more...]
Gold And Silver – It Could Get Uglier
The realistic general consensus is that the spot prices for gold and silver are no longer relevant. Yet, what remains the one price on which focus has intensified for each? There simply is no other alternative, at present. A distinction is made concerning the purchases by China, Russia, India, et al, paying a larger premium over spot gold, prior to the sell-off, and prices paid by those purchasing single ounce coins or even kilo bars, “the people,” as it were.
Purchases made by the tonne, from the countries mentioned, are not reported in a way that can be measured, and in fact, those purchases are not publicly reported. While the reports of unprecedented demand for both gold and silver on a world-wide basis in response to the attack on longs, last month, continues, we think the New World Order and its vast infrastructure, IMF, UN, Basel, central bankers, all governments in the West under its control, is not overly concerned about the man-on-the-street demand.
The next chapter has yet to be written. One thing is likely to be certain, it will get uglier. [Read more...]
Deepcaster: Market Forecasts Nuggets
“I am on record here as stating that the entire stock market rally is nothing but a Federal Reserve induced bubble brought about by artificially low interest rates starving investors for yield elsewhere. The Fed, along with the Bank of Japan and the ECB I might add, are determined to corral investors and herd them, unthinking like cattle, into equities; the goal being to create an atmosphere of general euphoria towards the economy boosting consumer confidence in the hopes of inducing them to take on more debt and spend.
This is akin to building a towering skyscraper on a foundation of PLAY-DO. It may look wonderful and draw gasps of admiration but it has no stability and will not be able to withstand any external shocks.” -Dan Norcini
Perceptive, Independent Market commentators like Trader Dan Norcini generally agree that The Fed’s (and Bank of Japan and European and other Central Banks) Easy Paper Money Policies are Creating An Asset Bubble in the Equities Market that is not justified by Economic Fundamentals.
And they generally agree that it can not last. We agree.
That raises the Key Question of which Assets to Invest in Now, and “When the Bubble Will Burst,” questions which we address here: [Read more...]
THE BIG FALLACY: Silver Trading More Like A Base Metal
By SD Contributor SRSrocco:
The notion that silver has been recently trading more like a base metal is more a fallacy than fact. When the public realizes the true value of the monetary metals, it will be too late for them. Indeed this will be the greatest irony of all time – massive demand with no available supply.
Some of the top technical analysts have been stating that the reason why the price of silver has not held up as well as gold is due to the fact that silver trades more like copper than gold. Basically, if the “King” of the base metals suffers… so will silver. While this makes good press, the reality is much different if we look at the data below: [Read more...]
China’s Consumption of Gold and Acquisition of Gold Mines Continues
Analysts at Sprott Group highlight that China is using its gold import data to elevate import statistics even though the precious metal should not be classified with imports since they are not used for “goods and services” but rather primarily as investments.
The golden boost to the imports data has led some analysts to conclude that the Chinese manufacturing sector is strong. According to the Bejing Daily Newspaper, Chinese housewives or “aunties” have purchased 300 tons of the yellow metal in the past three weeks amounting in nearly $16 billion. The impact of the run on physical gold in China may have a significant effect on import statistics.
Recently, China National Gold, a state-owned miner, was in talks to purchase Barrick Gold’s 74% stake in African Barrick, a major gold producer in Tanzania. Although the deal has been shelved it shows China’s desire to acquire more mines. [Read more...]
SD Metals & Markets With T. Ferguson: Bullion Banks Ready to Ride the Silver Rocket!
Podcast: Play in new window | Download
Turd Ferguson of TFMetalsReport.com joins Eric & The Doc this week as a special Gust Host on the SD Weekly Metals & Markets!
On this week’s show, we’ll cover a number of topics, including:
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The Doc’s recap of physical market trends and the continuing physical gold & silver shortage
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Massive and unprecedented physical demand in Asia, coinciding with a historic draw-down in GLD inventory
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Prospects for a summer rally in bullion
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TF discusses a massive shift in the silver COT, as the commercials have doubled their long position since QE∞ was announced
SD Weekly Metals & Markets with Guest Host Turd Ferguson is below! [Read more...]
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