Swirling market rumors of a shortage of physical silver have just gone mainstream, as MarketWatch’s Peter Brimelow mentions both the Aden Sisters’ call that ‘The train has left the station, and another leg up in the bull market is getting started’, as well as GATA’s Bill Murphy’s recent claims that ‘large silver purchases in London have been followed by stories of delivery problems being experienced by London Bullion Market Association members‘ in an article titled ‘Is Gold Heading to $4,500?’ today on MarketWatch.
SD readers will not be able to believe how fast silver can and will light your hair on fire with it’s action to the upside if the MSM starts regularly quoting sources such as GATA and the Aden sisters rather than Perma-Bears Jeffery Christian, Jon Nadler, and Dennis Gartman.
NEW YORK (MarketWatch) — Gold makes its move. The bugs are rampant.
The yellow metal made life very difficult for commentators trying to keep a regular schedule on Wednesday.
The silver situation is exciting particular interest. Letter editors have noted that the metal had been achieving technical objectives earlier than gold during this move.
Furthermore, according to Bill Murphy at the LeMetropoleCafe website, rumors of large silver purchases in London have been followed by stories of delivery problems being experienced by London Bullion Market Association members.
Stories of this type, unfounded or not, could have an explosive effect on the thin silver market.
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Silver buyers warned me last year that physical silver’s supply is the lowest and that’s one of the reason why I bought physical silver. They told me that silver’s price is manipulated and one day, the price will go up once there’s a supply shortage and then people will wake up about the truth that the whole market is a fraud. I guess that time has come.
I’m not convinced that the “time has come” but it is definitely coming! Just remember that the silver and gold story are a long running series of events that make up an entire process. Aspects of this have been brewing since 1913 when the Fed and the income tax were created, to 1933 when owning gold in the US was outlawed, to the 1965 when silver was withdrawn from most of our money, to 1971 when Nixon closed the gold window. These were the root cause events. What we are seeing today are the results of these primary root causes. There are also other causes that are having their effects as well. We are on a collision course with reality and when our house of paper cards hits the wall of reality, there will be a tremendous crash of paper assets. It IS coming but no one really knows WHEN it will hit. I’m thinking that sometime in 2014-15 will be The Big One that will make The Great Depression look like just another recession. Hopefully it will not occur before this because a lot of our brother and sister PM collectors and preppers are still getting their stacks together as best they can and can use all the extra time they can get.
LOL. Yeah, the Aden sisters? Aren’t those the ones who were on C2C and predicted a Hillary Presidency? OK, well I guess they’re right once in a while. I like them. Today.
Well, it is time for some NFL on a wet Aloha Friday. I will say this is one of the few times, I have personal witnessed Silver going up the entire week. You all have a great weekend and enjoy your families and or girlfriends and ladies your husbands and or boyfriends.
Doc,
Brimelow’s material appears in Barron’s from time to time. Should this article get published there, that would be true mainstream distribution. I’ll keep an eye on the lookout for it. Marketplace is a respectable site and many people read it. But even with its sizable audience, most of the mainstream establishment would look down upon it as not being mainstream. Kind of sucks… But even with the internet now representing more distribution of real content and news than the so-called mainstream, the transition to full respect for sites on the net like Marketwatch still has some evolution to go — and heck, that’s even the case with Marketwatch being owned by Dow Jones, Co. Go figure…
SilverHawk,
The Aden Sisters have been around and publishing for more than three decades. They have a respectable track record overall, and humility too, which is something that can’t be said for a great many people in the financial community.
Did someone just mention Dennis Gartman? lol What a turkey that guy is. I’ve seen him several times on CNBC and for the life of me cannot figure out why ANYONE gives this guy their money to invest. :-/
Comex is next, when are they going to have to say they can’t deliver because they sold someones silver out from under them?
Probably right after the Chinese have bought futures contracts and stood for delivery. Doing that could very well clean out those Comex vaults in a hurry. By eliminating Comex (Crimex?) as a market maker competitor, China would have a very free hand in the precious metals market. They already bought the London Metal Exchange. A lot of people laughed at them for paying such a high price but I think that the Chinese are well aware of what they are doing and have a very solid long-range strategic plan that includes ALL of the important natural resources. The Chinese also have a tremendous appreciation for the ebb and flow of history. From their point of view, they see this LME purchase as merely exchanging a lot of (to them) worthless fiat paper for something of very real value… a springboard to International monetary dominance. They also understand what a power base is and what it takes to create one and maintain it. We are only in the 2nd inning of this game, folks, and it most definitely isn’t over ’til it’s over.
Splendid call AGXIIK. “Silver supply shortage about August this year.”