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  • Precious Metals - End Of Year Carnage [View article]
    If you factored in the real numbers, rather than the phony government ones, I expect that the adjusted numbers would be close to $3k for gold and $100 (at least) for silver. But, of course, the elephant in the room is the banking cabal manipulation of the PMs and suppression of the prices; a fact that never sees the light of day in the thoroughly captured financial media.

    It's getting harder, given the overwhelming demand from ASIA and diminished production outlook from the mining community, to rationalize the pundits arguments that any true value of PMs is non-existent.
    Nov 30, 2015. 10:51 AM | 2 Likes Like |Link to Comment
  • Deflation Will Drive The Price Of Gold Lower [View article]
    Doug: I understand your point, but I personally don't believe that any of the currencies you mention will be around in 5 years, and I think the process starts next year. There will be a new world currency and all current fiat will be greatly devalued with respect to it.
    Nov 28, 2015. 02:28 PM | Likes Like |Link to Comment
  • Deflation Will Drive The Price Of Gold Lower [View article]
    Well, since the banks own the FED, I can't see the tail wagging the dog either. And the banks will stay on the greed train until it hits the reality one coming full speed in the opposite direction. A higher USD is not sustainable and it will roll over sometime next year, primarily due to significant defaults in emerging markets created by this dramatically overvalued fiat. Regardless, the US is still the most bankrupt (in terms of total debt) country on the planet. The economic policy psychos are sure this can go on forever. They are in for a big surprise.
    Nov 28, 2015. 09:41 AM | 2 Likes Like |Link to Comment
  • Trouble Is Brewing In The Paper Markets For Gold And Silver [View article]
    Stocks are still just paper, unless you actually have the certificates in your possession. Even then, the probability of ETrade et al going BK during the next crisis is huge and your claim will have marginal worth after the heavy hitters with deep legal pockets get theirs.

    I sold all my miners when Obama passed the NDAA, because in a national crisis the Rule of Law gets suspended and all mines in the US will be expropriated by the Government. How fast do you think other mining countries will do the same?

    In normal times, and under truly democratic governments, mining stocks are a great leverage play on the price of metals. There are no true democratic countries left that truly abide by the rule of law, except perhaps Iceland.
    Nov 25, 2015. 01:40 PM | 1 Like Like |Link to Comment
  • Trouble Is Brewing In The Paper Markets For Gold And Silver [View article]
    They will settle in cash ONLY after they have devalued the dollar in what I believe will be successive 30% increments. See: what Roosevelt did in 1933. It's ironic that Roosevelt's devaluation was a result of an increase in the published gold price. To those who would rather hold paper over physical my advice is "Well, do you feel lucky, punk?"

    h/t Dirty Harry
    Nov 25, 2015. 10:21 AM | 1 Like Like |Link to Comment
  • Speculative Gold Shorts Cross The Rubicon [View article]
    Gold is most decidedly "dead money" to millions of brainwashed Westerners, but billions of Asians think otherwise. Since Asians have totally outclassed Westerners in science and math, my bet is with those that are accumulating (including Central Banks...who would have guessed?), rather than those that choose to believe in Western government disinformation and propaganda, especially concerning economics and finance.
    Nov 22, 2015. 12:59 PM | 9 Likes Like |Link to Comment
  • Gold Heads To The Bottom [View article]
    The author needs to do some research. Global inflation is hardly non-existent. Emerging markets are reporting from 10-50% while in the US "true" household inflation has averaged at least 7% over the past decade. His opinion that the USD will remain strong because a rate hike has already been factored, is hogwash. We are already, and have been, in the Greatest Depression, as the ever declining transportation and freight indices show. Under these circumstances, raising rates would be suicide and don't think that the FED doesn't know this.
    Nov 21, 2015. 10:02 AM | 3 Likes Like |Link to Comment
  • Was The Price Of Gold Manipulated? [View article]
    Apparently the author sees nothing wrong in illegal naked shorting, in volumes that go far above those position limits allowed by regulators. If the same was done for a commodity like wheat, soy, or corn there would be immediate Congressional Hearings. That the shorting of PMs in this fashion is allowed speaks volumes about the corruption of the nexus between Wall Street and Government financial elites. Can the author rationalize the revolving door visa a vis Goldman Sachs and the US Treasury? I thought not.
    Nov 20, 2015. 12:01 PM | 2 Likes Like |Link to Comment
  • COMEX Inventories And Friday's Large Mysterious Chinese Buy [View article]
    Of course it is illegal, but since the regulators are bought and paid for through the revolving door or hidden Cayman Island accounts, nothing will change until a noted delivery default occurs.

    I find it interesting that the IMF, after years of dismissal, has now decided to include the Yuan in the SDR basket. Think that's a quid pro quo for China to cool it on establishing a free market gold price? You betcha.
    Nov 15, 2015. 09:56 AM | 11 Likes Like |Link to Comment
  • Why You Should Ignore The Gold/Silver Ratio Part 2 [View article]
    Kiernan: your math thesis is sound, and it may be true that the GSR will never revert to the historic numbers. But, as to the relative value of gold and silver, availability, scarcity and supply (regardless of price managed or rigged Markets) should be the foremost consideration. In this regard there is a good case that can be made that silver is way undervalued.
    Nov 14, 2015. 10:12 AM | Likes Like |Link to Comment
  • Silver's Sharp Selloff [View article]
    The breakeven point for most silver only miners is somewhere between $17-$22/oz, depending whether mining company financials consider true all-in costs or just operating costs in determining the number. Most silver, however, is a product of base metal mining and since many of these operations have been decimated by the current deflation in commodities, it is next to impossible to determined a silver cost per ounce for these.

    It is estimated that 2015 total global silver production will decline for the first year in memory, and the shut down of many silver mining exploration and drilling operations indicates that supply will continue to fall for at least a decade, running into the claim by the USGS that silver will be the first extinct metal on the planet by 2025.

    Many silver gurus have commented that at current prices, silver may be the most undervalued asset on the planet; they are probably right.
    Nov 12, 2015. 11:53 AM | Likes Like |Link to Comment
  • Gold Weekly: Frightened By A Fed Rate Hike [View article]
    The FED has admitted that the large banks have liquidity problems, although in reality, they have been technically insolvent since 2009. There was that little issue of "mark to market" being rescinded so as not to show the true balance sheet disasters, in case everyone has forgotten. That being said, in the last few weeks the FED has floated the idea of NIRP (following Europe's example). So they are going to raise rates and reduce them at the same time?

    The financial media, those fully "captured" morons, say nothing of this overt contradiction, and so the market ramps higher until it can no longer do so. The cognitive dissonance is truly amazing.

    When the obvious becomes apparent that we are now in the Greatest Depression, gold will receive higher bids, although the incessant propaganda has seemingly leveled the learning curve.
    Nov 10, 2015. 11:30 AM | 2 Likes Like |Link to Comment
  • The Running Of The Gold Bulls Has Begun [View article]
    With interest rates not reflecting the true cost of capital (and, in fact, making the value of anything virtually meaningless), and with all markets nothing more than a gigantic rigged casino, it will take a great reset to return to a fair equilibrium. Even though the fundamentals for gold are high with massive Asian demand and the probability of the Syrian situation escalating into WWIII, the price will be "controlled" by the bullion banks until it cannot be. I fully expect the price to fall further until it becomes obvious to even the most cognitively dissonant that rates will never be raised and there is more likelihood of QE (by another name) and incremental steps by the banks toward a NIRP.

    The big question, of course, is one of timing. Will the global economy implode tomorrow, next month, next year, or further out? I don't have a crystal ball, but my key indicator has been the ever declining transportation/shipping indices which I feel are the most important gauge of global economic health. My guess is that the Greatest Depression has already begun.
    Nov 8, 2015. 09:02 AM | 10 Likes Like |Link to Comment
  • The Indian Government Launches Another Attack On Gold [View article]
    This outrageous attempt at the theft of the citizen's gold can only be attributed to the fact that the Western vaults must be now virtually empty and the banking cartel has precious few other countries with significant gold holdings that the US neocons can "humanitarily" invade. Meanwhile, European countries such as the Netherlands have succeeded in gold repatriation; Austria has put in its own demands, and Germany is still waiting, waiting, waiting to get the bulk of its gold back.
    Nov 6, 2015. 12:41 PM | Likes Like |Link to Comment
  • Why You Should Ignore The Gold/Silver Ratio [View article]
    Contrary to what the author suggests, the relative supply issues are important. Scarcity, together with even moderate demand, always has produced (except in rigged markets like we have had for at least a decade) higher prices. From an industrial point of view, the world can live without gold, but we would revert to pre-industrial civilizations without the technological advances that silver permits.
    Nov 6, 2015. 12:24 PM | 2 Likes Like |Link to Comment