Silver Update: Power of Markets

October 9, 2012 By 5 Comments

BrotherJohnF’s latest Silver Update:
Power of Markets


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Comments

  1. Avatar of clambake clambake says:
    October 10, 2012 at 6:19 AM

    In light of the previous Clive Maud article, it’s interesting to see BJF cite CM in respect of paper Silver, even more so to hear him promote the short side for “Safety”.
    It’ll be a sad day if the USSA does “flip the switch” and start shipping soft commodities off shore (excepting tonnage over and above requirements), the only real reason I could see this happening is to bring back treasuries in supplication to the East.
    I think BJF is slightly off target with this equation of plywood and Silver, plywood being fully manufactured and govt capped, Silver being primarily a by-product to other mining, at least until price warrants focused mining and to our favourite subject Silver paper manipulation and the market ability to trade quantities of Silver which equate to annual mining output in a single day. So saying I look at this article and get a clearer picture of looking at Silver as money and evidence that the cartel barely hides with it’s smoke and mirrors.
    Ask yourself what the end of manipulation would be ? Inability to leverage.
    How could this come about ? Informed investors interested in preserving their position purchasing and drying up the physical market. NO SILVER = NO LEVERAGE.
    This is the exact principle the fiat currency system works under, if there’s no money in the bank the bank can’t leverage your money. If there’s a bank run on deposits then the bank can’t pay the money back and will go out of business.
    You can kill 2 birds with one stone here, take your money out of the bank thus reducing the leveraged money supply and then purchase physical Silver and reduce the leveraged paper market.
    By their actions the cartel incriminates themselves and provides the mechanism to prove that SILVER IS MONEY.
    Keep stackin’
     

  2. Avatar of snowrider snowrider says:
    October 10, 2012 at 9:09 AM

    According to Bernanke neither silver or gold is money. And there is an element of truth to he position as you cannot go down with a Morgan silver dollar and buy $28.00 worth of gas. Unless the owner of the gas station is willing to (barter) with his gas for your silver dollar. Of course most stores would accept your Morgan silver dollar if you wanted to buy a dollar’s worth of merchandise. But who among us would be foolish enough to do that. Silver at this time is not money as most look at what constitutes money. IT IS HOWEVER, A STOREHOUSE OF WEALTH! Last night I cut in half a 1992 penny and my wife was shocked! It was not copper: it was zinc. I then cut in half a 1978 penny and it was copper throughout. Today we have NO silver or copper coins. We have FAKES. It is these fakes that the people have been tricked in thinking they are money. The coins today have 3% copper plating and 0% silver. So in the real world copper and silver coins are basically off the market. Does that make copper and silver worthless? Of course not. The government used cooper and silver years ago as an exchange, but now the government is content to pawn off to the public fake coins and fake currency and has convinced the public that these items are money. And as long as the public accepts them, this fake money will continue to be the exchange for goods and services. When this scheme no longer has the public support, then the real currency; gold, silver, and copper will emerge once again as money. 
    Remember 
    Proverbs 20: 10 False weights and unequal measures — the LORD detests double standards of every kind. (New Living Translation)
    Proverbs 20: 10 Divers weights, and divers measures, both of them are alike abomination to the LORD.  (King James Version) 

    • Avatar of Sumkid Sumkid says:
      October 12, 2012 at 6:24 PM

      I’ve also heard that the government is planning to remove all coins and cashes from circulation so that everyone are forced to use electronic transactions. The worst part is that the government will be able to track everything that you have bought in dollars.

  3. Avatar of Thomas Thomas says:
    October 10, 2012 at 11:17 AM

    It seems we all devour daily charts. I thought I had a thing going on reading Mandelbrot and his patterns. However, with all of the knowledge we have of the Powers That Be or Elite or the Murdering Bastards, as I prefer, along with the advent of algorithm trading and powerful computers, is it too far of a gesture to believe that the charts are manipulated as well? 

    After watching the last few shows, there were mysterious “tics” that absolutely created bottoms for chart drawing. If these murdering bastards can control central banks, what is to stop them designing any chart pattern they want? Sheeple indeed.

     

  4. Avatar of Sumkid Sumkid says:
    October 12, 2012 at 7:47 AM

    The power of the market is already getting bigger. The physical silver’s prices are increasing with the premiums and the cartel are having hard time to crush silver’s price. At my local coin shops, it is getting harder to find physical silvers for sale. I only found around three ounces of silver for sale per week from different coin shops in average.

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