I personally believe the reason the big jump in gold and silver happened is because of "unheard of" numbers of people - investors and dealers - were taking physical deliveries of their gold and silver at the comex and nymex while at the same time......NAKED shorts were diluting the crap out of the stockpiles in the warehouses.
In other words.....we were headed for the mother of all precious metals defaults. So the CFTC had no choice but to tell the criminals JP Morgan, Citibank and Goldman to "COVER" because they know dam well they aint got any gold or silver to deliver their short contracts with.
Best 'Currency' Right Now? It Might Be Gold
[View article]
Watch out for next week.....some nasty things are going to happen between the 22nd and the 27th. I subscribe to a data analysis company and they said MONTHS ago that this meltdown was going to happen but something really nasty will happen next week. Have cash and fuel available just in case folks.
Law of Supply & Demand Is Dead for Gold & Silver [View article]
While what the author is saying is true.......I can't help but say "WHERE have you been the last two months"???????
But alas.....it allows one to buy more. I was lucky enough to pick up 10 100oz bars today from a major supplier for a buck over COMEX spot. 12.19 a bar is pretty hot dam to me....
One Last Decline, Then the Rebound in Gold [View article]
JBP - I think it will eventually hit $5000 USD an ounce once the lawsuits and criminal investigations begin. As I said....I know for a fact (because I know the company launching the suit) is filing a large (10s of millions) class action suit in Canada. Other suits and criminal charges will follow.
You need only look at a chart of the USD Index versus Silver to see how blatant this is. Silver is nearing a THREE YEAR LOW and the USD Index is only at a one year high. Except that.....silver stocks are at ALL TIME LOWS. Its so SO blatant. But as I said....if you are the guy pushing the keyboard strokes to allow for billions of dollars available to "globalist" (and thats being nice - we all know who these people really are) bankers to naked short silver day after day after day - then of course there is going to be a disconnect between silver and supply large enough to push an aircraft carrier through. We must carry on, keeping buying silver every time it drops a dollar (I bought another 1000 ounces today) and eventually we will be rewarded.
One Last Decline, Then the Rebound in Gold [View article]
Its going to be interesting to see what the pundits in these forums say when the class action lawsuits begin. And they are going to happen. I happen to know for a fact a very large suit will be started sometime this month in Canada against all the dirty investment banks naked shorting gold/silver juniors. A Comex suit? Don't know but I suppose if a greedy lawyer gets enough people and sees a profit potential for himself he might just jump on board. Concentration of contracts and naked shorting is illegal. That is the reason gold and silver metals and stocks continue to fall. Is there deleveraging? Yes I am sure there is. But what caused that? The concentration of shorts and the naked shorting along with it. When you have hundreds of billions in your hands and a regulatory body that looks the other way.....you can pretty much commit murder.
Monday, September 8: Week in Review [View article]
Paul and dork....you don't need to copy and paste your shorting riches.....
MoDon - Gold and Silver are a store of value if you believe that no fiat currency in the history of man has ever lasted 50 years. This is year 37 from when Prez Nixon pulled us off in 1971. If you would rather have paper, please sell me your gold and silver and I will give you paper for it.
Metals Manipulation - Or Simply Deleveraging? [View article]
Paul and Dork may be either very good traders or very stupid. We all know that the Fed and friends are shorting gold and silver even if it is at the expense of the "deleveraging" hedge funds.
The fact is.....it is VERY difficult to find silver. Difficult to find gold. And I have it on good authority that the large dealers are getting American and Canadian gold and silver.....from Europe. In other words, the vacuums are sucking up all the available gold and silver bars in the world from wherever they can get it.
Paul and Dork will find themselves on the wrong end of the trade eventually, the questions is how far will they go before they are stopped out. And who cares.
Precious Metals Manipulation: Lawyers Prepare for Battle [View article]
If you lost your life's savings in Enron or Worldcom.....would you say that you were a "disgruntled" employee? What these banks are doing is ILLEGAL. Concentration is ILLEGAL. Price suppression is illegal. The US Mint not producing enough eagles for the public is ILLEGAL.
As far as the dollar bull comment. The dollar is strengthening because the ECB is PRINTING MONEY on their central bank computer keyboards and using it to buy US Dollars because Uncle Ben called Trichet and told him to do it or risk a global financial meltdown.
I just can't get over how people still believe in these silly charts, waves, graphs, TA's. They mean NOTHING. The entire market is rigged and has been rigged since the day Nathan Rothschild took over the LSE after he faked everyone into believing the English lost against Napoleon.
People are getting exactly what they deserve.....because they allow their gov'ts to permit this type of activity.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and the corporations which grow up around them,will deprive the people of all their property until their children wake up homeless on the continent their fathers conquered. - Thomas Jefferson"
Greg McCoach: Financial Catastrophes and Outlook for Gold [View article]
Product is still trickling into my small business.....but it's getting harder and harder to get it. The wholesalers I use have been in this business 25 years and have seen nothing like it. I think that you are VERY VERY brave to short a commodity/monetary instrument that is in very short supply. What people don't understand is....there are 10s of THOUSDANDS.....of millionaires. They can take down a WHOLE product in one sale. Whether its Krugs, Silver Maples or Gold Eagles. These millionaires....are now entering the system. As the financial system gets worse......more will enter driving the prices even higher.
How Precious Is Silver? [View article]
In other words.....we were headed for the mother of all precious metals defaults. So the CFTC had no choice but to tell the criminals JP Morgan, Citibank and Goldman to "COVER" because they know dam well they aint got any gold or silver to deliver their short contracts with.
Best 'Currency' Right Now? It Might Be Gold [View article]
Law of Supply & Demand Is Dead for Gold & Silver [View article]
But alas.....it allows one to buy more. I was lucky enough to pick up 10 100oz bars today from a major supplier for a buck over COMEX spot. 12.19 a bar is pretty hot dam to me....
One Last Decline, Then the Rebound in Gold [View article]
You need only look at a chart of the USD Index versus Silver to see how blatant this is. Silver is nearing a THREE YEAR LOW and the USD Index is only at a one year high. Except that.....silver stocks are at ALL TIME LOWS. Its so SO blatant. But as I said....if you are the guy pushing the keyboard strokes to allow for billions of dollars available to "globalist" (and thats being nice - we all know who these people really are) bankers to naked short silver day after day after day - then of course there is going to be a disconnect between silver and supply large enough to push an aircraft carrier through. We must carry on, keeping buying silver every time it drops a dollar (I bought another 1000 ounces today) and eventually we will be rewarded.
One Last Decline, Then the Rebound in Gold [View article]
Monday, September 8: Week in Review [View article]
MoDon - Gold and Silver are a store of value if you believe that no fiat currency in the history of man has ever lasted 50 years. This is year 37 from when Prez Nixon pulled us off in 1971. If you would rather have paper, please sell me your gold and silver and I will give you paper for it.
Metals Manipulation - Or Simply Deleveraging? [View article]
The fact is.....it is VERY difficult to find silver. Difficult to find gold. And I have it on good authority that the large dealers are getting American and Canadian gold and silver.....from Europe. In other words, the vacuums are sucking up all the available gold and silver bars in the world from wherever they can get it.
Paul and Dork will find themselves on the wrong end of the trade eventually, the questions is how far will they go before they are stopped out. And who cares.
Precious Metals Manipulation: Lawyers Prepare for Battle [View article]
As far as the dollar bull comment. The dollar is strengthening because the ECB is PRINTING MONEY on their central bank computer keyboards and using it to buy US Dollars because Uncle Ben called Trichet and told him to do it or risk a global financial meltdown.
I just can't get over how people still believe in these silly charts, waves, graphs, TA's. They mean NOTHING. The entire market is rigged and has been rigged since the day Nathan Rothschild took over the LSE after he faked everyone into believing the English lost against Napoleon.
People are getting exactly what they deserve.....because they allow their gov'ts to permit this type of activity.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and the corporations which grow up around them,will deprive the people of all their property until their children wake up homeless on the continent their fathers conquered. - Thomas Jefferson"
Greg McCoach: Financial Catastrophes and Outlook for Gold [View article]