tag:blogger.com,1999:blog-69312528908050179052024-03-05T17:46:11.756+02:00THE SILVER OWL(all about -scarce- silver)Chrysotherashttp://www.blogger.com/profile/17023238028617467611noreply@blogger.comBlogger114125tag:blogger.com,1999:blog-6931252890805017905.post-66843363878923429822012-08-19T21:36:00.001+03:002012-08-19T21:36:22.125+03:00Silver Market Manipulation FAQs<div dir="ltr" style="text-align: left;" trbidi="on">
The <b><a href="http://www.silvercirclemovie.com/wp-content/uploads/2012/08/HRN_20120814_Part_07_Subscriber_Questions_Silver_Market_Manipulation_FAQ.pdf" target="_blank">Silver Market Manipulation FAQs</a></b> , courtesy of <a href="http://www.silvercirclemovie.com/" target="_blank">The Silver Circle</a></div>
Chrysotherashttp://www.blogger.com/profile/17023238028617467611noreply@blogger.com1tag:blogger.com,1999:blog-6931252890805017905.post-64253022425335553192011-09-26T23:59:00.000+03:002011-09-27T00:06:34.488+03:00SELL ALL YOUR GOLD INVESTMENTS NOW AND BUY PHYSICAL SILVER!<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span class="Apple-style-span" style="background-color: white; color: #333333; font-family: verdana, arial, helvetica, sans-serif; font-size: 13px;"></span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px;">
<i><span class="Apple-style-span" style="color: #cccccc;">Source: <b><a href="http://www.roadtoroota.com/public/136.cfm">Bix Weir</a></b></span></i></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px;">
<span class="Apple-style-span" style="color: #cccccc;"><br /></span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;">The following is a list of facts and reasons to switch all your Gold investments into P<b>hysical Silver:</b></span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;"><br /></span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;">1) Due to the tiny size of the Silver market and the lack of physical Silver available to the manipulators, the Silver battle is much easier to win than Gold. Ted Butler's discovery of massive Silver market manipulation should highlight the size, scope and importance of Silver to the current financial crisis.</span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<a href="http://www.investmentrarities.com/ted_butler_comentary/08-22-08.html" style="background-attachment: initial; background-clip: initial; background-color: transparent; background-image: initial; background-origin: initial; font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-decoration: underline;" target="_blank"><span class="Apple-style-span" style="color: #cccccc;">http://www.investmentrarities.com/ted_butler_comentary/08-22-08.html</span></a></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;"><br /></span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;">2) Central banks have NO physical Silver to assist in the manipulation of the Silver market but they still have a lot of physical Gold (although much less than they claim).</span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;"><br /></span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;">3) The majority of Silver mined every year is consumed as an industrial metal in very small amounts and will never return to the market whereas the amount of above ground Gold grows year after year.</span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;"><br /></span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;">4) Silver has developed, due to its low price and superior physical properties, into a vital and necessary industrial commodity that makes it mandatory for modern life. If we woke up tomorrow and gold vanished from the face of the earth, life would continue pretty much as it was the day before. Without silver, modern life would change.</span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;"><br /></span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;">5) Due to the relative very low price of silver and very high price of gold, the man in the street, around the world, is in a position to buy silver in much greater quantities than gold.</span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;"><br /></span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;">6) In various forms there is an estimated 5B oz of above ground Gold and 5B oz of above ground Silver but Gold trades around $1600/oz and Silver trades for about $40/oz. Both metal prices are obviously manipulated but Silver appears to be manipulated more. As for Silver bullion that is "in play" for the manipulators, I estimate that less than 200M oz remain with a current market value less than $8B.</span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;"><br /></span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;">7) Silver has been in a supply deficit for over 50 years! Governments held approximately 10B oz of silver in 1950 and have been supplying that physical stock steadily into the market. Today there is no more of that surplus silver left to sell.</span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;"><br /></span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;">8) At current Silver consumption rates there are only 14 years of known Silver reserves remaining in the world. AFTER THAT SILVER WILL BE GONE FOREVER! Think about it.</span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<a href="http://minerals.usgs.gov/minerals/pubs/commodity/silver/mcs-2010-silve.pdf" style="background-attachment: initial; background-clip: initial; background-color: transparent; background-image: initial; background-origin: initial; font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-decoration: underline;" target="_blank"><span class="Apple-style-span" style="color: #cccccc;">http://minerals.usgs.gov/minerals/pubs/commodity/silver/mcs-2010-silve.pdf</span></a></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;"><br /></span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;">9) Demand for Silver is "inelastic" in its industrial applications because it is used in such small quantities per application. An increase in price does not translate into a decrease in consumption.</span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;"><br /></span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;">10) The COMEX Silver short position is the largest concentrated short position of any commodity, on any exchange in the history of financial markets.</span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;"><br /></span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;">11) Throughout human monetary history the Silver to Gold ratio hovered in the 10-1 range until the invention of futures and options trading in metals. After the massive manipulation maneuvers by the Banking Cabal the silver-gold ratio now stands at over 40-1.</span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;"><br /></span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;">12) The US Dollar as defined in the Coinage Act of 1792 is Silver, not Gold, and contains "three hundred and seventy-one grains and four sixteenth parts of a grain of pure, or four hundred and sixteen grains of standard silver."</span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<a href="http://en.wikipedia.org/wiki/United_States_dollar" style="background-attachment: initial; background-clip: initial; background-color: transparent; background-image: initial; background-origin: initial; font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-decoration: underline;" target="_blank"><span class="Apple-style-span" style="color: #cccccc;">http://en.wikipedia.org/wiki/United_States_dollar</span></a></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;"><br /></span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;">13) Silver is massively under reported in the media vs. Gold. Even Jim Rogers, the commodity guru, purposefully ignores Silver entirely in his best selling book "Hot Commodities" even though Silver exceeds all other commodities using his metrics on what makes a strong commodity.</span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;"><br /></span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;">14) Very few investors have physical Silver in their possession. Reasoning: because they claim it is "too hard to store". Does that mean when Silver trades at over $1,000 oz people will be more willing to buy and store physical Silver? It is difficult to make up a more bullish argument to take delivery and store physical Silver TODAY...when the Cabal price rigging scam finally fails you can always buy your own Fort Knox to store all that pesky Silver you bought!</span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;"><br /></span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;">15) Gold's strong fundamentals are only exceeded by Silver's so when the gold manipulation stops and the Gold price takes off investors will be looking for the next under-priced investment with similar characteristics.</span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;"><br /></span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;">16) 470M oz of Silver owned by the US Treasury and used in the Manhattan Project for the construction of the atom bomb have all been melted down and sold into the physical market to support the "Strong Dollar Policy"</span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;"><br /></span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;">17) Silver mineral deposits, as opposed to Gold, are usually very shallow in the earth's crust due to the nature of the geology so most of the large deposits of Silver have probably already been found and/or already mined limiting future discoveries.</span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;"><br /></span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;">18) There is a significant problem with counterfeit Gold coins and bars because of its high price. Silver coins and small bars have not, to date, had as much of a counterfeiting issue because its price did not justify the effort. (although there is a problem with counterfeit Silver jewelry which may significantly suppress Silver scrap recovery in the future...oddly bullish by-product of counterfeiting Silver!)</span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;"><br /></span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;">19) The total dollar value of the Silver market is a fraction of the total dollar value of the Gold market.</span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;"><br /></span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;">20) Most flat screen televisions use Silver in their internal electronics/screens and the US transfer from analog to digital signals has increased the demand for flat screen TV's.</span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;"><br /></span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;">21) Retail physical shortages of Silver are already beginning to appear around the world. The list of announced delays/curtailment by Government owned Mints now includes EVERY MAJOR SILVER COIN PRODUCING COUNTRY IN THE WORLD!</span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;"><br /></span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;">22) Hedge funds are bleeding from the credit crunch and they are looking for ways to save themselves. A single hedge fund can scoop up the remaining physical Silver and blow the price sky high.</span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;"><br /></span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;">23) In the US, Gold confiscation laws are still on the books but there are currently no silver confiscation laws.</span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;"><br /></span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;">24) As of mid 2011 the Gold price is hovering around $1,600 or 188% of its historical high. Silver, on the other hand, is hovering around $40 or 80% of it's historical high suggesting that Silver has a long way still to go.</span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;"><br /></span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;">25) Un-backed paper Silver programs such as silver certificates and unallocated pooled accounts are the "industry standard" these days and will be scrambling for metal when redemptions are called in by the investors. The most egregious example of fractional reserve silver is the iShares Silver ETF (SLV).</span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;"><br /></span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;">26) In the past few years the massive global money creation by central banks around the world has created huge reservoirs of cash sloshing around the asset markets looking for a safe haven. Although most mainstream press have discussed Gold as being a likely bucket to fill with this monetary firehouse, SILVER has all the same monetary metal properties as Gold except the Silver market is SO small it would be like FILLING A DIXIE CUP WITH THE FIREHOUSE!</span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;"><br /></span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;">27) The CFTC still has an open investigation into the manipulation of the SILVER market that is being conducted not by their investigative division but by the CFTC "Enforcement Division". Although the final conclusions have been purposefully delayed by the CFTC, the final outcome may finally be the END OF THE 50 YEAR MANIPULATION OF THE SILVER MARKET!</span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;"><br /></span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;">28) During the CFTC hearing on metal position limits, GATA announced that a whistleblower has come forward with specific proof that JP Morgan was rigging the silver market. The next day he and his wife were rammed in their car in an attempted murder. The suspect was caught but the police are not giving out any information about the suspect or others that were involved.</span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<a href="http://www.youtube.com/watch?v=e9bU0r6JP4s" style="background-attachment: initial; background-clip: initial; background-color: transparent; background-image: initial; background-origin: initial; font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-decoration: underline;" target="_blank"><span class="Apple-style-span" style="color: #cccccc;">http://www.youtube.com/watch?v=e9bU0r6JP4s</span></a></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;"><br /></span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;">29) The growth of emerging economies in Asia will require more and more industrial silver to build out their electric infrastructure and provide a higher standard of living for their middle class. In a global market that has been in a silver supply deficit for years a silver bidding war will result in order to obtain the significant amounts of silver needed.</span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;"><br /></span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;">30) The truth about gold and silver price manipulation is spreading like wildfire throughout the world with the help of the internet such that the Banksters "shabby secret" is no longer a secret.</span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;">31) There are currently multiple class action lawsuits that have been filed against JP Morgan for blatantly rigging the silver market. Given that JP Morgan has previously claimed immunity from legal prosecution because they are an agent of the US Government I doubt the suits will ever be brought to trial...BUT the publicity of them "claiming immunity" AGAIN will be the "silver shot heard around the world".</span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;"><br /></span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<span class="Apple-style-span" style="color: #cccccc;">32) The US Dollar has run it's course as the world's reserve currency. The entire global financial markets know this and are positioning themselves accordingly. The "Dollar End Game" for the United States has never been to transfer economic power to Eastern countries as the dollar dies but rather crash the global markets and start fresh with a new domestically centered economic model. That transition is upon us:</span></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<a href="http://www.roadtoroota.com/public/261.cfm" style="background-attachment: initial; background-clip: initial; background-color: transparent; background-image: initial; background-origin: initial; font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-decoration: underline;" target="_blank"><span class="Apple-style-span" style="color: #cccccc;">http://www.roadtoroota.com/public/261.cfm</span></a></div>
<div style="font-family: verdana, arial, helvetica, sans-serif; font-size: 13px; text-align: justify;">
<br /></div>
</div>
Chrysotherashttp://www.blogger.com/profile/17023238028617467611noreply@blogger.com2tag:blogger.com,1999:blog-6931252890805017905.post-66204106063393950852011-09-01T01:42:00.000+03:002011-09-01T01:45:39.898+03:00Silver Ready to Breakout<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: center;">
<div class="separator" style="clear: both; text-align: center;">
<a href="http://dzswc0o8s13dx.cloudfront.net/goldcore_bloomberg_chart1_31-08-11.png" target="_blank" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="178" title="click for larger graph" src="http://dzswc0o8s13dx.cloudfront.net/goldcore_bloomberg_chart1_31-08-11.png" width="400" /></a></div>
<br /></div>
</div>
Chrysotherashttp://www.blogger.com/profile/17023238028617467611noreply@blogger.com0tag:blogger.com,1999:blog-6931252890805017905.post-51261967646077262052011-08-27T21:22:00.001+03:002011-08-27T21:24:08.893+03:00Silver ....Final Warning!<div dir="ltr" style="text-align: left;" trbidi="on"><div style="text-align: center;"><iframe width="400" height="255" src="http://www.youtube.com/embed/e68JdtAQ6Ew?rel=0" frameborder="0" allowfullscreen></iframe><br />
</div></div>Chrysotherashttp://www.blogger.com/profile/17023238028617467611noreply@blogger.com0tag:blogger.com,1999:blog-6931252890805017905.post-51754703106154263272011-07-22T04:10:00.001+03:002011-07-22T04:11:57.530+03:00The Cartel Caught in the Act<div dir="ltr" style="text-align: left;" trbidi="on">The cartel sold 250,000,000 paper ounces of silver (1/4th of Global world silver production) in 1 minute to smack down silver, 5 times the volume of all silver mined in the US annually was sold in 1 minute to knock silver below $40!....<br />
<br />
<div dir="ltr" style="text-align: left;" trbidi="on"><div style="text-align: center;"><iframe allowfullscreen="" frameborder="0" height="286" src="http://www.youtube.com/embed/Y--jCrDOSjk?rel=0" width="400"></iframe></div></div></div>Chrysotherashttp://www.blogger.com/profile/17023238028617467611noreply@blogger.com1tag:blogger.com,1999:blog-6931252890805017905.post-39509246379855871962011-03-05T01:52:00.000+02:002011-03-05T01:52:58.196+02:00Jason Hommel: silver going to US$500/oz<div dir="ltr" style="text-align: left;" trbidi="on"><div dir="ltr" style="text-align: left;" trbidi="on"><div style="text-align: justify;">Here's an excerpt from Jason Hommel's newsletter, where he argues on why the metal is eventually going to hit US$500/oz...</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">"<i>Recently, I've been hammering the point that there are two major reasons why silver is headed to $500/oz.</i></div><div style="text-align: justify;"><i><br />
</i></div><div style="text-align: justify;"><i>First, silver hit $50/oz. in 1980, and money creation has increased 10 times since then, so the true inflation adjusted price of silver will be $500.</i></div><div style="text-align: justify;"><i><br />
</i></div><div style="text-align: justify;"><i>Second, when 1% of money in US banks buys silver, it will be 1% of about $18 trillion, which is $180 billion. If you divide that by 700 million, you'd get $257/oz., which would leave no silver for industry or the rest of the world, which implies a silver price of at least about $500.</i></div><div style="text-align: justify;"><i><br />
</i></div><div style="text-align: justify;"><i>So, here then is the problem.</i></div><div style="text-align: justify;"><i><br />
</i></div><div style="text-align: justify;"><i>How will they prevent silver from going to $500/oz.? They can't. They can only slow down the rise, or let it rise fast. (while increasing volatility, and creating temporary price dips) And how will they prevent the implications of such a massive rise to $500?</i></div><div style="text-align: justify;"><i><br />
</i></div><div style="text-align: justify;"><i>See, the problem is twofold.</i></div><div style="text-align: justify;"><i><br />
</i></div><div style="text-align: justify;"><i>If they let silver run fast to $500, say over 6 months, the dollar will be perceived as collapsing, and could continue to collapse to zero.</i></div><div style="text-align: justify;"><i><br />
</i></div><div style="text-align: justify;"><i>But if they let silver continue to go up "slowly" at only 30% per year, for the next ten years to take us to $500, this would create a worse problem. See, after nearly 20 years of precious metals only going up, people will begin to notice -- more than notice. They will begin to say, "precious metals only go up, they never go down". And that's how price bubbles begin to form, making silver go from fair value to over valued. </i></div><div style="text-align: justify;"><i><br />
</i></div><div style="text-align: justify;"><i>And if silver were to become over valued, that would drive the price from $500 to $5000, and could continue and ultimately collapse the dollar to zero value. </i></div><div style="text-align: justify;"><i><br />
</i></div><div style="text-align: justify;"><i>So that is quite the problem for the people who are trying to prevent the silver price from rising.</i></div><div style="text-align: justify;"><i><br />
</i></div><div style="text-align: justify;"><i>The silver storm is coming. Prepare.</i></div><div style="text-align: justify;"><i><br />
</i></div><div style="text-align: justify;"><i>People ask some interesting questions when I point out that silver is headed to $500. They ask, "Gee, who will buy it when it's that expensive?" Did they not comprehend the argument? Only 1% of people will be buying silver when silver is $500/oz., (a hundred times more than today, when only 1% of 1% of people are buying silver) but yet, 99% of people won't have bought any silver in the recent year, at $500/oz.</i></div><div style="text-align: justify;"><i><br />
</i></div><div style="text-align: justify;"><i>Some analysts today say that silver is going to go down, because "everybody loves silver". Such analysts don't know anything about the fundamentals, which trump any kind of other analysis! Silver might hit the news due to new highs, but the facts are clear. Only about 1% of 1% of money is buying silver each year. That's one dollar out of 10,000! </i></div><div style="text-align: justify;"><i><br />
</i></div><div style="text-align: justify;"><i>Silver's not a popular investment. Not yet. But it will be. IT WILL BE! Prepare for it. Get it now. Anywhere below $50 to $100/oz is cheap...</i>"</div><div style="text-align: justify;"></div></div><br />
For more from Jason Hommel on silver you can visit his web site "<b><a href="http://www.silverstockreport.com/" target="_blank">Silver Stock report</a></b>" and subscribe to the newsletter.</div>Chrysotherashttp://www.blogger.com/profile/17023238028617467611noreply@blogger.com2tag:blogger.com,1999:blog-6931252890805017905.post-74709655538615938202011-02-16T22:30:00.000+02:002011-02-16T22:30:42.987+02:00James Turk interviews Hugo Salinas Price on silver and sound money<div dir="ltr" style="text-align: left;" trbidi="on"><div style="text-align: justify;">GoldMoney founder James Turk interviews Hugo Salinas Price, president of the Mexican Civic Association for Silver, about silver's potential to return as money and about sound money generally in a 22-minute video</div><br />
<div dir="ltr" style="text-align: left;" trbidi="on"><div style="text-align: center;"><iframe allowfullscreen="" frameborder="0" height="255" src="http://www.youtube.com/embed/6nD6UY_gzgk" title="YouTube video player" width="400"></iframe></div></div></div>Chrysotherashttp://www.blogger.com/profile/17023238028617467611noreply@blogger.com1tag:blogger.com,1999:blog-6931252890805017905.post-50327409730241697142011-02-15T20:22:00.000+02:002011-02-15T20:22:03.176+02:00James Turk: Silver is Approaching Stage Two of its Bull Market<div dir="ltr" style="text-align: left;" trbidi="on"><span class="Apple-style-span" style="color: #333333; font-family: Arial, Helvetica, sans-serif; font-size: 13px;"></span><br />
<div style="text-align: justify;">Back in April 2007, I wrote about the three stages that appear in every bull market, and more to the point, that <a href="http://www.fgmr.com/end-of-stage-is--rapidly-approaching.html" style="text-decoration: none;" target="_blank">gold was approaching the end of stage one</a>. Gold back then was still trading around $690, and therefore well below its then record high of $850 reached in January 1980. My view was that “<em>gold looks ready to make a new all-time high. When that happens, stage two begins. There will not yet be widespread excitement about gold in the next stage, because that won't occur until stage three. But when gold makes a new record high, and particularly after it breaks into a 4-digit price, people will begin paying attention.</em>”</div><div style="text-align: justify;">I wrote a follow-up article in November 2009 entitled <a href="http://www.fgmr.com/stage-two-of-golds-bull-market.html" style="text-decoration: none;" target="_blank">Welcome to Stage Two of Gold's Bull Market</a>, just two months after gold broke above $1,000. Focusing on the change in prevailing sentiment, I noted how differently gold was being treated. "<em>During the first stage of a bull market, the media and most investors alike focus on past issues, rather than future potential. Over the past decade one consequently heard all the reasons not to own the gold…But there is a notable difference in this stage compared to stage one. Look how many people are writing and talking about gold. Gold has moved from apathy and neglect – stage one characteristics – to growing attention. But importantly, instead of embracing gold and analyzing it to determine relative value, today’s attention is one of widespread disbelief and skepticism that gold can climb higher. These are exactly the responses one should expect to emanate from stage two.</em>" I concluded by noting that at some unpredictable point in the future, gold will enter stage three "<em>when gold no longer is relatively good value</em>."</div><div style="text-align: justify;">I did not make any mention of silver in the above two articles. It too has three stages, but silver is still mired in stage one, which began in February 1991 after silver had collapsed to $3.50. It was an astounding 93% decline from its January 1980 peak of $50. But as we can see on the following chart, $3.50 was silver’s low, and its price has been rising ever since.</div><div style="text-align: center;"><img alt="" height="300" src="http://www.fgmr.com/images/Images%20Articles/Ag%2011%20Feb%202011.gif" style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px;" width="400" /></div><div style="text-align: justify;">This chart shows a massive accumulation pattern, marked by the green lines. This pattern is a story of strong hands and weak hands, specifically, of silver moving to the former from the latter. </div><div style="text-align: justify;">From its $50 high in January 1980 to its $3.50 low in February 1991, the weak hands were shaken out. At that point, the accumulation by strong hands – who were buying because the recognized that silver was an exceptional bargain – became the dominant force. Their buying power was stronger than the selling pressure of the weak hands, and the price of silver responded by starting to climb. It was classic stage one action, but here’s the important point. </div><div style="text-align: justify;">Silver is still in stage one. It won’t advance into stage two until $50 is exceeded, just like gold did not enter stage two until its previous high of $850 was hurdled.</div><div style="text-align: justify;">I expect that silver will exceed $50 this year, which is a point of view I first mentioned in my <a href="https://www.fgmr.com/outlook-for-2010.html" style="text-decoration: none;" target="_blank">outlook for 2010</a>.</div><div style="text-align: justify;">Admittedly, I was a little early with my forecast about when gold would enter stage two. So perhaps I will again be early by forecasting that silver will enter stage two of its bull market this year. Regardless of the accuracy of my timing, one thing is clear. Because it is still in stage one, silver remains good value.</div></div>Chrysotherashttp://www.blogger.com/profile/17023238028617467611noreply@blogger.com2tag:blogger.com,1999:blog-6931252890805017905.post-13136881371201797752010-12-07T09:35:00.000+02:002010-12-07T09:35:52.571+02:00Crash JP Morgan Buy Silver - The Movie<center><br />
<iframe title="YouTube video player" class="youtube-player" type="text/html" width="400" height="255" src="http://www.youtube.com/embed/I0mhX9hpq3g?rel=0" frameborder="0"></iframe><br />
</center>Chrysotherashttp://www.blogger.com/profile/17023238028617467611noreply@blogger.com0tag:blogger.com,1999:blog-6931252890805017905.post-60935551940131116122010-12-03T09:27:00.000+02:002010-12-03T09:27:28.985+02:00Crash J.P. Morgan, Buy Physical Silver!<center><br />
<iframe title="YouTube video player" class="youtube-player" type="text/html" width="360" height="232" src="http://www.youtube.com/embed/B7bjZdJmgqw" frameborder="0"></iframe></center>Chrysotherashttp://www.blogger.com/profile/17023238028617467611noreply@blogger.com0tag:blogger.com,1999:blog-6931252890805017905.post-25843485001200150482010-11-17T00:08:00.000+02:002010-11-17T00:08:34.723+02:00James Turk: $400 Silver by 2013 to 2015<div style="text-align: justify;">GoldMoney founder and GATA consultant James Turk was interviewed today by Eric King of King World News about the continuing increases in margin requirements for gold and silver futures longs. Turk says he expects a sharp snap back in precious metals prices:</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">Turk commented, “This may explain why Comex is raising margins a second time so quickly, they aim to put more pressure on the buyers. Obviously the Comex is trying to put more pressure on market participants by forcing them to liquidate their longs.”</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">Turk continues:</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">“Eric, here we are at $25.50 which is the price that was identified by your London source last week. So they painted the tape, but the Comex open interest shows that they haven’t driven out any buyers which is very surprising. Normally you would expect to see some longs liquidating on any pullback like the one that we have seen over the past few days, but that hasn’t happened this time around.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">The buying pressure in the physical market remains, we are starting to see the industrial buyers coming back in to secure supply. My guess Eric is that the industrial users will be there on any price dip like we have had at present. Up to this point we haven’t seen the boomerang effect that I have been anticipating but I am still expecting a sharp snap back in prices.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">As we pointed out in the piece which had Mark Lundeen’s illustration in it, gold is dramatically undervalued and this can only result in much, much higher prices over time. I would just add that I expect the gold/silver ratio to decline over time to under 20 to 1, so silver will be exploding along with the price of gold.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">As you know Eric I have been projecting gold to hit $8,000 by 2013 to 2015, so that would equate to silver hitting $400, and that is well within the realm of possibility as silver reverts back to its historical mean.” </div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">This is what happens in bull markets, prices climb to levels that previously seemed unimaginable.</div>Chrysotherashttp://www.blogger.com/profile/17023238028617467611noreply@blogger.com0tag:blogger.com,1999:blog-6931252890805017905.post-78841963109512021402010-10-29T19:43:00.000+03:002010-10-29T19:43:13.628+03:00Sprott's Embry on King World News: the fun is just beginning!<div style="text-align: justify;"><b><i>Sprott Asset Management</i></b>'s chief investment strategist, <b>John Embry</b>, covers many topics related to gold and silver in a 14-minute interview today with <b>Eric King of King World News</b>, which you can listen to at the King World News Internet site here:</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;"><a href="http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/10/29_John_Embry.html" target="_blank">http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/10/29_John_Embry.html</a></div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">Or try this abbreviated link:</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;"><a href="http://bit.ly/bQKZSR" target="_blank">http://bit.ly/bQKZSR</a></div>Chrysotherashttp://www.blogger.com/profile/17023238028617467611noreply@blogger.com0tag:blogger.com,1999:blog-6931252890805017905.post-6584181162300603042010-10-29T09:36:00.001+03:002010-10-29T09:46:56.522+03:00Silver manipulation lawsuit posted at GATA's Internet site<div style="text-align: justify;">A copy of the <b>silver market manipulation lawsuit</b> filed yesterday in <b>U.S. District Court for the Southern District of New York</b> against <b>J.P. Morgan Chase</b> <b>& Co.</b> and <b>HSBC Bank </b>has been posted at <b>GATA</b>'s Internet site here:</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;"><a href="http://www.gata.org/files/SilverManipulationLawsuit-10-27-2010.pdf" target="_blank">http://www.gata.org/files/SilverManipulationLawsuit-10-27-2010.pdf</a></div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">GATA board member <b>Adrian Douglas</b>, who helped publicize London silver trader <b>Andrew Maguire</b>'s disregarded silver market manipulation complaint to the U.S. Commodity Futures Trading Commission, said of the lawsuit:</div><div style="text-align: justify;">"<i>The Gold Anti-Trust Action Committee has worked tirelessly for more than 10 years to expose the suppression of gold and silver prices. The filing of this lawsuit is a milestone in stopping the fraud that has been occurring in these markets and punishing the bullion banks responsible. The suppression of the monetary metals has facilitated an overvalued dollar and mispriced debt that in turn have caused the massive imbalances at the root of the worldwide financial crisis. This fraud has hurt everyone except those on the inside who have profited at the expense of the public. I applaud the integrity of Andrew Maguire, whose whistleblower testimony has made this lawsuit possible, and the dedication of CFTC Commissioner Bart Chilton, who has had the courage to fight systemic corruption.</i>"</div><center><br />
<a title="View SilverManipulationLawsuit-10-27-2010 on Scribd" href="http://www.scribd.com/doc/40391015/SilverManipulationLawsuit-10-27-2010" style="margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block; text-decoration: underline;">SilverManipulationLawsuit-10-27-2010</a> <object id="doc_799970169609154" name="doc_799970169609154" height="500" width="100%" type="application/x-shockwave-flash" data="http://d1.scribdassets.com/ScribdViewer.swf" style="outline:none;" > <param name="movie" value="http://d1.scribdassets.com/ScribdViewer.swf"><param name="wmode" value="opaque"><param name="bgcolor" value="#ffffff"><param name="allowFullScreen" value="true"><param name="allowScriptAccess" value="always"><param name="FlashVars" value="document_id=40391015&access_key=key-1jx8eep230uclyatmn93&page=1&viewMode=list"><embed id="doc_799970169609154" name="doc_799970169609154" src="http://d1.scribdassets.com/ScribdViewer.swf?document_id=40391015&access_key=key-1jx8eep230uclyatmn93&page=1&viewMode=list" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" height="500" width="100%" wmode="opaque" bgcolor="#ffffff"></embed> </object><br />
</center>Chrysotherashttp://www.blogger.com/profile/17023238028617467611noreply@blogger.com0tag:blogger.com,1999:blog-6931252890805017905.post-84475399698513523412010-10-28T23:32:00.001+03:002010-10-28T23:34:32.378+03:00James Turk: Silver $30 in Less Than 18 Days<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiAsv5pRLpnRlzuKKLikVhFLw6vFhJSr5KmJvEN9d-uvcZLVwcUGIyxBw9zyED8C9rMHxc91FWgra7OyrT-DBEWQZ3SPZY6y8ksHHauPNTYZKQumKqxGvDHpkRhBUAkCdTybkGVHOsztDo/s1600/ag_daily.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;" title="click to enlarge" target="_blank" ><img border="0" height="232" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiAsv5pRLpnRlzuKKLikVhFLw6vFhJSr5KmJvEN9d-uvcZLVwcUGIyxBw9zyED8C9rMHxc91FWgra7OyrT-DBEWQZ3SPZY6y8ksHHauPNTYZKQumKqxGvDHpkRhBUAkCdTybkGVHOsztDo/s400/ag_daily.png" width="400" /></a></div><div style="text-align: center;"><br />
</div><div style="text-align: justify;">With gold and silver strong today, King World News interviewed James Turk out of London. When asked about silver specifically Turk commented, “I like this flag pattern because when you breakout to the upside you reach your target in half the time it takes the flagpole to form. The flagpole formed over 36 trading days, so the next leg up to $30 will be over in less than 18 trading days.” </div><div style="text-align: justify;">Turk continues:<br />
<br />
</div><div style="text-align: justify;">“The other thing Eric is that this time frame is not too far off from the three to four weeks window that I mentioned would take place when silver pierced $21.</div><div style="text-align: justify;">We have been saying it is different this time because the ongoing accumulators of physical metal are right underneath the market. This aggressive buying is one of the key reasons why prices are poised to explode.</div><div style="text-align: justify;">What I expect to see is a strong close today, and follow through tomorrow. That scenario requires more short covering tomorrow which is likely to happen anyway going into the weekend.</div><div style="text-align: justify;">Even though silver is continuing to lead, gold will continue higher as well. Gold will eventually take out the previous high of $1,400. $1,400 is a pit stop on the way to $1,500.”</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">James Turk sent the above chart to go along with his comments. It shows the flag formation and the corresponding breakout he is discussing in this interview. When silver takes out the previous highs near $25, you should expect to see some serious fireworks to the upside. Gold will be in tow.</div>Chrysotherashttp://www.blogger.com/profile/17023238028617467611noreply@blogger.com1tag:blogger.com,1999:blog-6931252890805017905.post-75937408704183950432010-10-03T17:30:00.000+03:002010-10-03T17:30:39.405+03:00Second Highest Close for Silver Ever<div style="text-align: justify;">This from the Got Gold Report:</div><div style="text-align: justify;"><i>"We believe that today’s (Thursday’s) close for silver is the second highest nominal close at a quarter-end ever. We note remarkably little in the way of quarter-end profit taking. Silver closed in New York at $21.75 on the cash market, about even with Tuesday’s close and down a couple of dimes from Wednesday’s last print in the electronic session. That is after silver tested as high as $22.10 in early Thursday trade. Subscribers to Got Gold Report can look at the linked charts (near the bottom of the last full report) for more on the silver and gold price action."</i></div><div style="text-align: justify;">Please click <b><a href="http://www.gotgoldreport.com/2010/09/second-highest-close-for-silver-ever.html" target="_blank">HERE</a></b> for the full Report.</div><div style="text-align: justify;"><br />
</div>Chrysotherashttp://www.blogger.com/profile/17023238028617467611noreply@blogger.com1tag:blogger.com,1999:blog-6931252890805017905.post-66964355779626934392010-09-19T19:12:00.000+03:002010-09-19T19:12:16.035+03:00James Turk: The battle for $21 silver begins<b>GoldMoney</b> founder <b>James Turk</b>, editor of the <b>Freemarket Gold & Money Report</b> and consultant to GATA, says the silver price chart has nearly completed a three-year accumulation pattern with $21 as the crucial resistance level. Turk expects silver to vault higher when $21 is breached. His commentary is headlined <b><i>"The Battle for $21 Silver Begins"</i></b> and you can find it here:<br />
<center> <a href="http://www.scribd.com/doc/37723574/James-Turk-The-Battle-for-21-Silver-Begins" style="-x-system-font: none; display: block; font-family: Helvetica,Arial,Sans-serif; font-size-adjust: none; font-size: 14px; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal; margin: 12px auto 6px auto; text-decoration: underline;" title="View James Turk-The Battle for $21 Silver Begins on Scribd">James Turk-The Battle for $21 Silver Begins</a> <object data="http://d1.scribdassets.com/ScribdViewer.swf" height="550" id="doc_955684245041922" name="doc_955684245041922" style="outline: none;" type="application/x-shockwave-flash" width="100%"> <param name="movie" value="http://d1.scribdassets.com/ScribdViewer.swf"> <param name="wmode" value="opaque"> <param name="bgcolor" value="#ffffff"> <param name="allowFullScreen" value="true"> <param name="allowScriptAccess" value="always"> <param name="FlashVars" value="document_id=37723574&access_key=key-23tg47uxyuvy2e4148hs&page=1&viewMode=list"> <embed id="doc_955684245041922" name="doc_955684245041922" src="http://d1.scribdassets.com/ScribdViewer.swf?document_id=37723574&access_key=key-23tg47uxyuvy2e4148hs&page=1&viewMode=list" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" height="550" width="100%" wmode="opaque" bgcolor="#ffffff"></embed> </object> <br />
</center>Chrysotherashttp://www.blogger.com/profile/17023238028617467611noreply@blogger.com0tag:blogger.com,1999:blog-6931252890805017905.post-33019007895547225962010-08-30T14:35:00.001+03:002010-08-30T14:36:21.573+03:00Gene Arensberg: Something changed in silver market last week<div style="text-align: justify;"><i>"<b>Silver turned in an “outside reversal” Tuesday, August 24 (which happened to coincide with COT reporting cutoff day), and in the process it surged up and out of the wide triangular consolidation which, as regular readers know, we have been following here at Got Gold Report all along. An outside reversal occurs when the trading breaks below the previous day’s lows and then reverses to close higher than the previous day’s high. Outside reversals often, but not always, mark significant turning points and technically minded traders view such action as a more bullish event</b>...."</i></div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;"><b>Gene Arensberg</b>'s weekly "<b>Got Gold Report</b>" concentrates on silver and he writes that something changed in the silver market last week, starting with silver's "outside reversal" day on Tuesday, and it looks bullish. </div><div style="text-align: justify;">Arensberg's commentary is headlined "<b><i>Focus on Silver</i></b>" and you can find it at the Got Gold Report Internet site <b><span class="Apple-style-span" style="font-size: large;"><a href="http://www.gotgoldreport.com/2010/08/focus-on-silver-.html" target="_blank" title="Focus on Silver">HERE</a></span></b></div>Chrysotherashttp://www.blogger.com/profile/17023238028617467611noreply@blogger.com0tag:blogger.com,1999:blog-6931252890805017905.post-74281931637231613642010-08-09T01:35:00.000+03:002010-08-09T01:35:49.118+03:00James Turk: Is silver ready to move higher?<div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial;"><span class="Apple-style-span" style="color: #d0e0e3;">GoldMoney founder </span><b><span class="Apple-style-span" style="color: #d0e0e3;">James Turk</span></b><span class="Apple-style-span" style="color: #d0e0e3;">, editor of the </span><b><span class="Apple-style-span" style="color: #d0e0e3;">Freemarket Gold & Money Report </span></b><span class="Apple-style-span" style="color: #d0e0e3;">and consultant to </span><b><span class="Apple-style-span" style="color: #d0e0e3;">GATA</span></b><span class="Apple-style-span" style="color: #d0e0e3;">, observes in commentary today that silver has been appreciating just as much as gold has over the last nine years and may be an even better buy now for investors who are prepared to deal with its greater volatility. Turk's commentary is headlined </span><b><i><span class="Apple-style-span" style="color: #d0e0e3;">"Is Silver Ready to Move Higher?"</span></i></b><span class="Apple-style-span" style="color: #d0e0e3;"> and you can find it at the GoldMoney Internet site here:</span></span></div><center><a href="http://www.scribd.com/doc/35564304/James-Turk-Is-silver-ready-to-move-higher" style="-x-system-font: none; display: block; font-family: Helvetica,Arial,Sans-serif; font-size-adjust: none; font-size: 14px; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal; margin: 12px auto 6px auto; text-decoration: underline;" title="View James Turk: Is silver ready to move higher? on Scribd">James Turk: Is silver ready to move higher?</a> <object data="http://d1.scribdassets.com/ScribdViewer.swf" height="500" id="doc_349883695842176" name="doc_349883695842176" rel="media:document" resource="http://d1.scribdassets.com/ScribdViewer.swf?document_id=35564304&access_key=key-16pbc2i4wcsuo2kdesa5&page=1&viewMode=list" style="outline: none;" type="application/x-shockwave-flash" width="100%" xmlns:dc="http://purl.org/dc/terms/" xmlns:media="http://search.yahoo.com/searchmonkey/media/"> <param name="movie" value="http://d1.scribdassets.com/ScribdViewer.swf"><param name="wmode" value="opaque"><param name="bgcolor" value="#ffffff"><param name="allowFullScreen" value="true"><param name="allowScriptAccess" value="always"><param name="FlashVars" value="document_id=35564304&access_key=key-16pbc2i4wcsuo2kdesa5&page=1&viewMode=list"><embed id="doc_349883695842176" name="doc_349883695842176" src="http://d1.scribdassets.com/ScribdViewer.swf?document_id=35564304&access_key=key-16pbc2i4wcsuo2kdesa5&page=1&viewMode=list" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" height="500" width="100%" wmode="opaque" bgcolor="#ffffff"></embed> </object> <br />
</center>Chrysotherashttp://www.blogger.com/profile/17023238028617467611noreply@blogger.com0tag:blogger.com,1999:blog-6931252890805017905.post-17033943832395134892010-07-22T00:54:00.000+03:002010-07-22T00:54:42.201+03:00...silver bull still very young!...and here's the proof:<br />
<br />
<center><br />
<object width="560" height="340"><param name="movie" value="http://www.youtube.com/v/GdqNP6GSs5c&hl=en_US&fs=1?color1=0x402061&color2=0x9461ca"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/GdqNP6GSs5c&hl=en_US&fs=1?color1=0x402061&color2=0x9461ca" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="448" height="272"></embed></object><br />
</center>Chrysotherashttp://www.blogger.com/profile/17023238028617467611noreply@blogger.com1tag:blogger.com,1999:blog-6931252890805017905.post-33181260730784999652010-05-15T10:05:00.002+03:002010-05-15T10:05:57.809+03:00Doubts about gold ETFs broadcast today on two major networks<span class="Apple-style-span" style="color: #000033; font-family: Arial; font-size: 12px;"></span><br />
<div style="margin-bottom: 0.9em; margin-top: 0.5em; text-align: justify;">Within a half hour of each other today the leading business television networks in North America reported doubts that gold exchange-traded funds either have the gold they claim to have or can get enough real gold to meet likely demand.</div><div style="margin-bottom: 0.9em; margin-top: 0.5em; text-align: justify;">The first doubt was expressed on CNBC in the United States, where market analyst Rick Santelli comments at 5:30 into this segment:</div><div style="margin-bottom: 0.9em; margin-top: 0.5em; text-align: justify;"><a href="http://www.cnbc.com/id/15840232?video=1494145732&play=1" style="color: #777777; cursor: pointer; font-weight: normal; text-decoration: none;" target="_blank" title="http://www.cnbc.com/id/15840232?video=1494145732&play=1">http://www.cnbc.com/id/15840232?video=1494145732&play=1</a></div><div style="margin-bottom: 0.9em; margin-top: 0.5em; text-align: justify;">The second doubt was expressed on BNN in Canada, where reporter Niall McGee commented at length:</div><div style="margin-bottom: 0.9em; margin-top: 0.5em; text-align: justify;"><a href="http://watch.bnn.ca/#clip302139" style="color: #777777; cursor: pointer; font-weight: normal; text-decoration: none;" target="_blank" title="http://watch.bnn.ca/#clip302139">http://watch.bnn.ca/#clip302139</a></div><div style="margin-bottom: 0.9em; margin-top: 0.5em; text-align: justify;">There seems to be growing consensus in favor of what GATA long has been urging gold and silver investors to do: to take possession of their metal or make certain that any custodian has got it in allocated and audited form, especially since the custodians of the largest gold and silver ETFs are also the biggest gold and silver shorts, a grotesque and unacknowledged conflict of interest:</div><div style="margin-bottom: 0.9em; margin-top: 0.5em; text-align: justify;"><a href="http://www.gata.org/node/8600" style="color: #777777; cursor: pointer; font-weight: normal; text-decoration: none;" target="_blank" title="http://www.gata.org/node/8600">http://www.gata.org/node/8600</a></div><div style="margin-bottom: 0.9em; margin-top: 0.5em;"></div><div style="text-align: justify;"><i>CHRIS POWELL, Secretary/Treasurer</i></div><div style="text-align: justify;"><i>Gold Anti-Trust Action Committee Inc.</i></div>Chrysotherashttp://www.blogger.com/profile/17023238028617467611noreply@blogger.com2tag:blogger.com,1999:blog-6931252890805017905.post-893569013318077922010-04-24T16:47:00.002+03:002010-04-24T16:47:40.112+03:00Ted Butler: Worst is over for gold and silver<div style="text-align: justify;">In his weekly interview with Eric King of <b>King World News</b>, silver market analyst <b>Ted Butler</b> remarks that "<i>the worst is behind us</i>" for gold and silver investors dealing with the recent decline in prices; that the big silver short, <b>JPMorgan Chase</b>, is not increasing its short position in silver; and that investors should get out of "pooled" and unallocated gold and silver accounts and shift to accounts that identify their gold and silver bars by hallmark and serial number. The interview is not quite 13 minutes long and you can find it at the King World News Internet site <b><span class="Apple-style-span" style="font-size: large;"><a href="http://www.kingworldnews.com/kingworldnews/Broadcast_Gold+/Entries/2010/4/24_Ted_Butler_on_the_Metals_Market.html">HERE</a></span></b></div>Chrysotherashttp://www.blogger.com/profile/17023238028617467611noreply@blogger.com0tag:blogger.com,1999:blog-6931252890805017905.post-12008821358705876902010-04-11T23:23:00.000+03:002010-04-11T23:23:31.843+03:00New York Post: Trader blows whistle on gold, silver price manipulation<div style="text-align: center;"><span class="Apple-style-span" style="font-size: large;"><a href="http://www.nypost.com/p/news/business/metal_are_in_the_pits_2arTlGNbMK7mb1uJeVHb0O/1" target="_blank">Metal$ Are in the Pits</a></span></div><div style="text-align: justify;"><br />
</div><div style="text-align: center;"><b>Trader Blows Whistle on Gold and Silver Price Manipulation</b></div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;"><i>By Michael Gray</i></div><div style="text-align: justify;"><i>New York Post</i></div><div style="text-align: justify;"><i>Sunday, April 11, 2010</i></div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">There is no silver lining to the activities of JPMorgan Chase and HSBC in the precious-metals market here and in London, says a 40-year veteran of the metal pits.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">The banks, which do the Federal Reserve's bidding in the metals markets, have long been the government's lead actors in keeping down the prices of gold and silver, according to a former Goldman Sachs trader working at the London Bullion Market Association.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">Maguire was scheduled to testify last week before the Commodities Futures Trade Commission, which is looking into the activities of large banks in the metals market, but was knocked off the list at the last moment. So he went public.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">Maguire -- in an exclusive interview with the Post -- explained JPMorgan's role in the metals pits in both London and here, and how they can generate a profit either way the market moves.</div><div style="text-align: justify;">"JPMorgan acts as an agent for the Federal Reserve; they act to halt the rise of gold and silver against the US dollar. JPMorgan is insulated from potential losses" on their short positions "by the Fed and/or the US taxpayer," Maguire said.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">In the gold pits, Maguire sees HSBC betting against the precious metal's price without having any skin in the game in the form of a naked short.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">"HSBC conducts an ongoing manipulative concentrated naked short position in gold. Silver is much easier to manipulate due to its much smaller [market] size," Maguire added.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">"No one at JPMorgan is familiar with Andrew Maguire," said Brian Marchiony, a company spokesman. HSBC declined to comment.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">Also during the CFTC hearing, Jeff Christian, founder of the commodities firm CPM Group, said that the LBMA, the physical delivery market for gold and silver in the UK, has been using leverage, which is another way to depress the price of gold and silver.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">Christian said that the LBMA -- the same market Maguire trades in -- has leverage of about 100-1 on the gold bars settled on the exchange. In layman's terms, that means if 100 clients requested their bullion bars be delivered, the exchange could give only one client the precious metal.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">The remaining requests would have to be settled for cash equivalent. "That is tantamount to a default on the trade," says Bill Murphy, chairman of the Gold Anti-Trust Action Committee.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">Maguire goes further and calls it a fraud: "If you sell something you do not own, then that is fraud."</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">Back in 2007, Morgan Stanley agreed to settle a $4.4-million lawsuit brought by precious-metal clients, who alleged that Morgan offered to buy gold and silver and store it for the investors, but never purchased any metal and still charged them storage fees.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">Morgan Stanley denied the charges at the time but "settled the case to avoid the cost and distractions of continued litigation," the firm said.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">Despite gold's rise each of the last 10 years, Murphy believes the price of gold today would be closer to $2,300 an ounce if the price just moved with inflation.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">Maguire believes the price should be even higher given the fear trade that would have sent prices spiking during the financial crisis in 2008-09.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">Both precious metals have seen a recent spike since Maguire's e-mails became public. Gold has gained 6.5 percent to close at $1,161.55, while silver has spiked 10 percent to $18.38.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">According to the e-mails Maguire sent to CFTC regulators, he was spot-on in his expectations of how the precious metals would trade on release of the January jobs report.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">This message is to "confirm that the silver manipulation was a great success and played out exactly to plan as predicted yesterday. How would this be possible if the silver market was not in the full control of the parties we discussed in our phone interview?," Maguire wrote to a staff investigator after the trading day.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">CFTC commissioner Bart Chilton said, "I'm appreciative of the information Mr. Maguire provided and I'm glad it was introduced into the investigation."</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">... High, low silver</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">The prices of gold and silver have been allegedly suppressed by JPMorgan Chase and HSBC, according to a London whistleblower.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">Andrew Maguire, who laid out the banks' plan in e-mails to the CFTC prior to trading on the Comex on Feb. 5.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">1.) From: Andrew Maguire</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">To: Ramirez, Eliud [CFTC]</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">Cc: BChilton [CFTC]</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">Sent: Wednesday, February 03, 2010 3:18 PM</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">Subject: Re: Silver today</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">Thought it may be helpful to your investigation if I gave you the heads up for a manipulative event signaled for Friday, 5th Feb. Scenario 1. The news is bad (employment is worse). This will have a bullish effect on gold and silver as the US dollar weakens and the precious metals draw bids, spiking them higher. This will be sold into within a very short time (1-5 mins) with thousands of new short contracts being added.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">Scenario 2. The news is good (employment is better than expected). This will result in a massive short position being instigated almost immediately with no move up. This will not initially be liquidation of long positions but will result in stops being triggered, again targeting key support levels. Kind regards,</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">2.) From: Andrew Maguire</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">To: Ramirez, Eliud [CFTC]</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">Cc: BChilton [CFTC]; GGensler [CFTC]</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">Sent: Friday, February 05, 2010 3:37 PM</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">Subject: Fw: Silver today A final e-mail to confirm that the silver manipulation was a great success and played out EXACTLY to plan as predicted yesterday. How would this be possible if the silver market was not in the full control of the parties we discussed in our phone interview? Kind regards,</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">3.) Andrew T. Maguire</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">From: Ramirez, Eliud</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">To: Andrew Maguire</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">Sent: Tuesday, February 09, 2010 1:29 PM</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">Subject: RE: Silver today Good afternoon, Mr. Maguire, I have received and reviewed your email communications. Thank you so very much for your observations.</div>Chrysotherashttp://www.blogger.com/profile/17023238028617467611noreply@blogger.com1tag:blogger.com,1999:blog-6931252890805017905.post-65814338601583070672010-03-30T18:31:00.002+03:002010-03-30T18:31:59.879+03:00CFTC whistleblower Maguire, GATA's Douglas interviewed by King World News<div style="text-align: justify;">London metals trader and CFTC whistleblower <b>Andrew Maguire</b> was interviewed with GATA board member <b>Adrian Douglas</b> for 40 minutes Tuesday by <b>Eric King</b> of <b>King World News</b>. </div><div style="text-align: justify;">Maguire explained how he came to complain to the CFTC about <b>silver market manipulation by JPMorgan Chase</b> traders in London and then to Douglas when the CFTC failed to call him to testify at its hearing last week on futures trading in the metals market. </div><div style="text-align: justify;">You can listen to the interview at the King World News Internet site here:<br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/3/30_Andrew_Maguire_%26_Adrian_Douglass.html" imageanchor="1" style="margin-left: 1em; margin-right: 1em;" target="_blank"><img border="0" height="50" src="http://www.kingworldnews.com/kingworldnews/King_World_News_files/shapeimage_2.png" width="50" /><span class="Apple-style-span" style="-webkit-text-decorations-in-effect: none; color: black;"></span></a></div><div class="separator" style="clear: both; text-align: center;"><a href="http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/3/30_Andrew_Maguire_%26_Adrian_Douglass.html" imageanchor="1" style="margin-left: 1em; margin-right: 1em;" target="_blank"><img border="0" height="27" src="http://www.kingworldnews.com/kingworldnews/King_World_News_files/shapeimage_3.png" width="320" /></a></div><br />
<div style="text-align: center;"><br />
</div></div>Chrysotherashttp://www.blogger.com/profile/17023238028617467611noreply@blogger.com0tag:blogger.com,1999:blog-6931252890805017905.post-36181473335094238102010-03-22T14:02:00.001+02:002010-03-22T14:03:04.195+02:00Jon Matonis: Hunt Brothers Demanded Physical Delivery Too<div style="text-align: justify;"><b>Jon Matonis</b>, who describes himself as an economist of the Austrian school living in Gibraltar, has written at his blog, <b>The Monetary Future,</b> a fascinating account of the infamous attempt of the <b>Hunt Brothers</b> to get hold of a lot of silver in 1979-80.</div><div style="text-align: justify;">The biggest lesson of the story may be that, then as now, position limits in the U.S. commodity markets are to be applied against longs but not against shorts. Of course that's the big issue underlying the U.S. Commodity Futures Trading Commission's hearing on the precious metals futures markets on March 25, and GATA will try to raise it.</div><div style="text-align: justify;">Matonis' essay is headlined "<b><i>Hunt Brothers Demanded Physical Delivery Too</i></b>" and you can find it at The Monetary Future <a href="http://themonetaryfuture.blogspot.com/2009/01/hunt-brothers-demanded-physical.html" target="_blank"><b><span class="Apple-style-span" style="font-size: large;">HERE</span></b></a></div>Chrysotherashttp://www.blogger.com/profile/17023238028617467611noreply@blogger.com0tag:blogger.com,1999:blog-6931252890805017905.post-18467935081128262852010-02-21T16:55:00.000+02:002010-02-21T16:55:11.475+02:00The Philosophy of Liberty......in a nutshell!!<br />
<br />
<center><br />
<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/muHg86Mys7I&hl=en_US&fs=1&color1=0x402061&color2=0x9461ca"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/muHg86Mys7I&hl=en_US&fs=1&color1=0x402061&color2=0x9461ca" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object><br />
</center>Chrysotherashttp://www.blogger.com/profile/17023238028617467611noreply@blogger.com0