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Donald Ingram

 
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  • Why (Almost) $400 Silver Is a Realistic Peak Price [View article]
    Some basic fundamentals/facts:
    In 1932 the allocation of gold relative to global financial investments was 20%. Today it stands at 0.8%. To rise to 2% would require 85,000 tonnes, approximately 34 years mine supply at existing rates. Where gold goes, silver follows.

    Since 1980 available above ground physical silver reserves are down 91%, with its price down 42% from its 1980 peak! What happened to the supply/demand curve that dictates price discovery?

    From 1990 - 2010 the gold /silver ratio;
    Average high @ 85.05
    Average low @ 45.42
    Mean ratio of 65.25
    For the price of silver to revert to its mean would be $20.90 per ounce.Highly improbable. Probable short term ratio of 41.51 at $32.60 per ounce.

    The 'Statutory Debt Ceiling' in effect since "Second Liberty Bond Act" enacted in 1917. Since 1940 the debt ceiling has been increased 80 separate times! 15 times in the past 10 years! That's an increase of about every six months on average.

    Decoupling of the price of gold/silver as measured by the ETF's GLD & SLV and the futures price, versus the actual cost to obtain the physical metals, is an indication that the smart money is repudiating fiat currency by seeking tangible ownership of goods perceived to possess value, instead of derivative promises to deliver the same.

    The more fiat currencies self destruct - the higher the valuations of gold and silver will be. Eventually the manipulated price discovery mechanism based in the Comex, will be repudiated, as 'bad' money chases 'good' money into hiding. At that time no amount of fiat will be able to buy physical gold or silver. Got yours?
    May 18 12:10 PM | 4 Likes Like |Link to Comment
  • Silver: $25 in Sight [View article]
    Right on! This pull back in price is an opportunity to add to the 'stash' or as an entry point. I hope the price does pull back to the low twenties. If it does - I back up the truck, car, wheel barrow, grandson's wagon etc.
    May 17 06:51 PM | 10 Likes Like |Link to Comment
  • The economy and stock market still have some friends, such as Goldman Sachs' Jan Hatzius, who believes the U.S. is "years away" from the next recession. "The unemployment rate is still 9%, we're nowhere close to a really tight labor market that usually predicates a recession, so I think we're still be in a recovery for a few years." That's one way of looking at it; here's another.  [View news story]
    Recovery? We're still in the soup! Wheres the jobs?
    Recession? Looks like and feels like a depression!
    Jan Hatzius had best come down out of his ivory tower. Do some grocery shopping. Talk to the common person on main street. Only don't tell anyone he's a banker. For his own security.
    What drivel.
    May 17 06:29 PM | 12 Likes Like |Link to Comment
  • Classic Dead Cat Bounce: RIP U.S. Dollar [View article]
    "The year will end with much higher gold and silver prices, so will the year after and the year after that, so get into position and hold on tight it will be a white knuckle ride."
    Agree.

    This is so true. Could not have said it better myself!
    May 17 01:04 PM | Likes Like |Link to Comment
  • $14.3 Trillion U.S. Debt Ceiling Reached; Gold/Silver to Remain Popular Hedge [View article]
    Good article.
    Agree. The fundamentals are all still here for gold and silver to be the ultimate safe haven for wealth. The Indian and Chinese markets for these metals proves this. They fully realize the value of these metals, whereas the average 'western' citizen still counts fiat pieces of paper as 'true' wealth!
    May 17 12:40 PM | 3 Likes Like |Link to Comment
  • 4 Reasons Why Silver Will Continue to Deflate [View article]
    Have the fundamentals changed? No. Not one bit. If anything they slowly continue to worsen. The 4 or less bullion bank "bully's" on wall street are having their way with silver at the moment, aided and abetted in their manipulation by interventions in the market (5 margin hikes!) by the CME, CFTC, Comex, and asleep at switch regulators.
    This is an opportunity that does not come along very often, to add to your position, or as an entry point at these cheap prices.
    Do not think of your physical silver in dollar amount, but in amount of ounces. The dollar is ultimately headed for the 'crapper' while your silver will remain, keeping your wealth safe. Keep your eye on the fundos.
    May 17 12:12 PM | 5 Likes Like |Link to Comment
  • Is Silver Being Manipulated? [View article]
    Since 1980 available above ground silver supply is down 91%, yet its price is down from its 1980 peak! What happened to the supply/demand curve governing price?
    Silver trading on the Comex and in the ETF SLV during the second week of May averaged 1.2 billion ounces per day. Consider that only 700 million ounces are mined world wide in one year!
    Silver fell $17 in 7 business days. According to the COT report the 4 or less bullion banks added over 1300 contracts to their commercial short position? You would think that this would have been a silver opportunity for them to reduce their short position, not add to it? One must ask - why?
    Yet during this same time frame - in gold, the 4 or less bullion banks reduced their commercial short position by a whopping 18,521 contracts! Why gold and not silver?

    For those that still think these markets are "honest" and firmly "regulated" all one has to do is connect the dots.
    There is only 33 million ounces of physical silver that is available to the commercial shorts, who are the bullion banks headed by JPM.
    If just 3% of the people that were trading silver in one day demanded physical delivery, there would be no physical silver on the Comex, which would result in them having to declare a 'force majeure.' Since the only asset left would be mountains of silver paper.
    May 17 11:56 AM | 4 Likes Like |Link to Comment
  • Is Silver Being Manipulated? [View article]
    "forced" cash settlement is a defacto default.
    May 17 11:27 AM | 3 Likes Like |Link to Comment
  • A Look at How Far Silver Might Correct [View article]
    Smart plan of action.
    Silver trading on the Comex and in the ETF SLV during the second week of May, averaged 1.2 billion ounces per day!
    Consider that only 700 million ounces of silver are mined world wide in one year!
    There is only 33 million ounces of physical silver that is available to the commercial shorts, who are the bullion banks headed by JPM.
    If just 3% of the people that were trading silver in one day, demanded physical silver delivery, there would be no physical silver on the Comex. What would that leave? Mountains of paper silver.
    These bullion banks trade absolutely naked shorts, with no physical backing what so ever. This is their manipulation game, aided and abetted by the CME, Comex, CFTC, SEC, backed by the Fed with the Treasuries blessing.
    The government CANNOT allow the price of gold and silver to go parabolic like they want to. Since that would cast a light on the US dollar and just how sick it really is. That would spell doom for the USD sooner, rather than later.
    May 16 11:30 PM | 12 Likes Like |Link to Comment
  • Today in Commodities: Dollar Just a Bounce [View article]
    I agree that the USD has seen it's apogee here at the 76 level, which is also its 50 DMA, that its been below since the beginning of last December.
    This recent dollar bounce has been of the dead cat variety, compliments of the market interventionists and manipulators. The same ones responsible for the take down of silver/gold and the related commodity sector.
    The dollar will experience some sideways, choppy movement as it attempts to clear the 76 level without success, before slowly rolling over and continuing its long term down trend. Below 70.70 be dragons.
    May 16 09:01 PM | 1 Like Like |Link to Comment
  • 3 Reasons the Dollar's Decline Will Continue [View article]
    The recent sell off in the commodity sector, especially silver and to a smaller extent gold, have been quite easily recognized as engineered. As at the same time, the friendly pumping of the USD to higher valuation.
    This is all in aid of the coming "end" of QE II and in preparation for the next round of support. What this may be called is any one's guess! Will it be overt as in QE 1 & 2, or some other covert vehicle? Time will tell, although there is little doubt that it will materialize.
    There are no markets anymore, just interventions and manipulation. The USD is enjoying a bounce at the moment, compliments of these very interventionists and manipulators. Trading at just over its 50 DMA around the 76 level, it will slowly roll over and continue its recent trend down. Below 70.70 be dragons. This may very well be the target by the Fed to justify to Congress the need for another round of support and a higher debt ceiling.
    May 16 09:51 AM | 2 Likes Like |Link to Comment
  • Top 5 Graphs of the Week: EU GDP, US CPI, Global Monetary Policy [View article]
    The majority of recent articles on the Euro-zone, contained in the MSM have been very negative, while showing the US economy in a biased light, touting the standard recovery line.
    This article sheds some much needed light on, just how much worse off the European economy is, to that of the US. (sarc off)
    Seriously, the euro-zone at this juncture is coping as well as, if not better than the US is.
    May 15 05:24 PM | 2 Likes Like |Link to Comment
  • Trading Gold in the Face of a Strong Dollar [View article]
    That would be a subjective call, dependant upon your position and point of view.
    May 15 05:02 PM | 3 Likes Like |Link to Comment
  • Trade Balance Grows and It's All Good [View article]
    Steven,
    Essentially what you are showing is that the critically ill patient is resting and breathing easier, however is still comatose!
    Some improvement! How long has it been now? Three years and counting? Look for the Feds next big intervention, with the cardiac paddles as our patient goes into the next fibrillation!
    May 15 04:49 PM | 1 Like Like |Link to Comment
  • Trading Gold in the Face of a Strong Dollar [View article]
    The dollar index is heavily weighted to the Euro, compared to the other currencies in this basket. I agree all paper currencies are sick, its just a matter of to what degree. The USD has the widest exposure to this sickness and is therefore susceptible to the greater amount of sickness, or loss of confidence.
    The dollar may very well enjoy an extended rally, but highly improbable considering that the fundamentals underpinning it, have not improved, but have continued to degrade.
    May 15 04:29 PM | 7 Likes Like |Link to Comment
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