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  • I Am Sticking With Gold: A Critique Of 'The Golden Dilemma' [View article]
    Dr. Duru: To me the most interesting part of The Golden Dilemma is the omission of certain facts, like for instance the decades long manipulation of the gold price to maintain the illusion that paper currencies are the only "money" to hold, and the current price of gold being at least 35% below actual and true production cost. And of course the never ending demand from the East in amounts that exceed annual global mine and scrap supply on a regular basis. For these reasons, rather than try to analyze the deficiencies in this report, you would have been better off just noting that it is evidence of pure propaganda and disinformation geared to naive Western investors. But kudos to your analysis anyway.
    Jul 29 10:23 AM | 1 Like Like |Link to Comment
  • Silver: Breakout Or Breakdown? [View article]
    Short term trading in PMs for the average investor is very hit or miss. Unless you are an insider with front running access to FED policy, with a HFT algo, and immune to prosecution from criminal and grotesque position limits, you will always lose in the end. In the short term, silver's price will be anything that JPM et al want it to be, even considerably below the true cost of production as it is now. As the planet runs out of accessible and easily mineable silver within the next 5 years, the price will go parabolic simply from its critical industrial uses. There is no other metal that is as strategically important to electrical components, microbiology, solar, weaponry, etc. For the average investor, silver is a mid to long term play, not a short term one.
    Jul 28 11:27 AM | 6 Likes Like |Link to Comment
  • Consistent Silver Demand Clears All Doubts On The Future Price Winner [View article]
    Explanation for this disconnect?

    As inferred by the many actual and technical gold delivery defaults, it may be that the gold cupboards are bare. GLD may have the only available gold to loot by the Authorized Participants to satisfy important delivery requests. Pundits look at the decline in GLD inventory as bearish, when it really is bullish.
    Jul 27 12:14 PM | 1 Like Like |Link to Comment
  • China Maneuvers To Take Away U.S.' Dominant Reserve Currency Status [View article]
    The actions of the FED, an economically illiterate President and a complicit, corrupt, and treasonous Congress are hastening the decline of the USD and, for that matter, all fiat currencies. There's no way out to maintain any semblance of the status quo for more than a few more years. The extend and pretend, mark to myth strategy is reaching the end of the road. The same is equally true of China on so many levels; its economic statistics are as spurious as those of the West. China, however, will have the edge with its gold reserves, unless you really believe that the US still has 8000 tons in Fort Knox and under the NY FED; a claim that has become increasingly doubtful. After the great reset, gold will form at least some part of a new global monetary system as it has heretofore for over 5000 years. There are no acceptable alternatives.
    Jul 27 10:50 AM | 9 Likes Like |Link to Comment
  • Another 144 Tonnes Added To The SLV Trust Is Bullish For Silver [View article]
    The average retail investor cannot take delivery from either GLD or SLV, unlike the Sprott funds and others where the bars are fully allocated. Only certain members of the bullion bank community are able to actually withdraw physical metal; they are known as Authorized Participants and include among others, JPM and HSBC who, are the respective trustees of SLV and GLD. It has already been admitted in a CFTC hearing that both ETFs are fractionalized; perhaps to the extent that there is only one ounce of physical standing for every 100 paper ounces; thus for the average retail investor, the counter party risk is enormous. Note that there has never been a fully independent audit of the claimed holdings. Due to the recent actual and technical defaults in delivery of physical gold, especially to investors who, supposedly, had allocated bullion, the withdrawals of physical from GLD is, most likely, a case of the bullion banks robbing Peter to pay Paul.

    Silver, on the other hand, is not experiencing, from sovereigns, Central banks, and wealthy individuals, the same rush for physical as is gold. SLV, even as fractionalized as it may be, still represents one of the few large silver stockpiles known to exist. Since the bullion banks appear to be positioning themselves more long than short, it is possible that if and when they decide to let the PMs seek a true demand supply equilibrium price, SLV will be a tempting target for an Authorized Participant to loot, with any other investor having to cash settle.
    Jul 25 09:09 AM | 2 Likes Like |Link to Comment
  • Lessons Learned From The Gold Crash [View article]
    The author is viewing gold with an extremely naive Western viewpoint. Billions in Asia and the Mid-east deny his Lessons. While it certainly is true that JPM et al can currently paint the tape with any gold value they want, the time is fast approaching when the criminal manipulation will cease to be effective. The actual and technical delivery defaults of the last year attest to a growing awareness that the paper spot price is quite meaningless given the shortages that both the defaults and the persistent negative GOFO rates imply. The huge amount of gold that has recently passed through Hong Kong to the Chinese could only have had its origin in Western vaults; certainly not from mine production. Thus any proper analysis of gold and its true value should concentrate on the increasing decrease in the holdings in Western vaults after decades of leasing, swaps, and rehypothecation. Unless basic economic theory has been turned upside down, the gold price (or value) will still depend on the equilibrium point of supply and demand.
    Jul 23 09:52 AM | 5 Likes Like |Link to Comment
  • GLD Vs. PALL: Gold Continues To Underperform [View article]
    Kellie: everything you have written on platinum and palladium is spot on; especially the supply issues. And while it may be true that for short periods of time both metals could outperform gold and silver, the key distinction is the former 2 have never been considered money, while the latter 2 always have been for 1000s of years. The incremental erosion of the value of all current fiats have been with us since the establishment of the FED and the resulting power of its banking cartel; the total devaluation of the Yen, the Euro and the USD is fast approaching. When that occurs, gold and silver will be the far better bets.
    Jul 22 03:24 PM | Likes Like |Link to Comment
  • History Doesn't Lie, Gold Will Rebound [View article]
    While the majority of gold miner's might be owned by North American entities, close to a majority of annual global production is state owned or controlled; China and Russia being the two key examples. It is highly doubtful that the bullion banks will get any crack at the production from these countries.
    Jul 18 01:22 PM | 4 Likes Like |Link to Comment
  • Silver: Expected Rally Not Yet Convincing [View article]
    Yes, user 101; we are being played by the bullion banks; specifically JPM. When the time is right, JPM, as a custodian and an Authorized Participant, will be able to clean out the SLV vault of physical, settling for cash, and reap huge profits when they allow the price to reach a true equilibrium between supply and demand. For silver, perhaps the most strategically important metal on the planet, there are no known (or transparent) stockpiles other than what may be held by sovereign producers/wealth funds. The SLV vault, therefore, is a very tempting target.
    Jul 15 08:22 AM | 4 Likes Like |Link to Comment
  • Buy Silver, Not Gold [View article]
    "there is no shortage of silver at this time either. That myth has already been busted"

    Sorry Abegaz, I have to call you out on an untrue statement. The US and Canadian Mints are currently rationing coin and bullion orders and the US has had to import silver to meet mandated coin production since domestic production will not satisfy demand. The recent Kennecott mine disaster will remove close to 1/5 of US annual silver production for at least 3 years, and 100s of global exploration and drilling activities have been curtailed since current prices are below miner cost. Because of this, it is likely that future global production will decline; certainly not increase to meet the escalating demand for this most strategically important metal.

    Unlike gold, there are no known, or verifiable stockpiles of silver on the planet, except perhaps in Russia or China (and neither country exports its production) and the SLV inventory has never been independently audited; many experts postulate that it is a fractionalized scam; 1 oz of physical for every 100 ounces of paper.
    Jul 13 07:18 AM | 8 Likes Like |Link to Comment
  • Gold And Silver Prices Will Go Up By Late August 2013 [View article]
    The prediction of prices rising in August may be more prophetic than the author realizes, although September brings the German elections and the going nowhere debt ceiling debate which will probably result in another downgrade for US paper. Keep in mind that the true agenda of the FED is USD debasement; been that way since 1913.
    Jul 12 08:54 AM | 3 Likes Like |Link to Comment
  • The Curious Case Of Physical Demand For Silver Versus Gold [View article]
    Tim: The difference in inventory levels, and additions and subtractions for SLV and GLD may be easily explained.

    Only Authorized Participants (favored members of the banking cartel) can withdraw actual physical from these funds. If it is true that, as many have postulated, silver's anticipated rise will be a greater percentage than gold, then it makes sense for the AP's to have a handy piggy bank from which to plunder actual physical silver.

    As to the above comment regarding the gold/silver ratio:

    It is now quite apparent from comments by experts in the mining industry that current PM prices are now below the true cost of production; which, obviously, cannot be sustained. It is also true that global production of silver is merely 10x that of gold, not 60+ as the current GSR would imply. So if we take a floor of $1200 for gold, then silver should already be at $120, certainly implying that silver is the most undervalued asset on the planet.
    Jul 9 09:10 AM | 5 Likes Like |Link to Comment
  • COMEX Registered Gold Inventories Have Never Been Lower [View article]
    Good points Hebba.

    Your article fails to mention, however, the many cash settlements that are now occurring globally to investors being refused delivery of what was supposedly fully allocated gold in various vaults. As many have speculated, the gold has been moving East for quite some time. Many of the vaults may be echo chambers. How to explain that it will take 7 years to repatriate a mere 300 tons to Germany when Hong Kong can deliver that amount in a week? The revelations that China has purchased, or will purchase, in this year alone an amount greater than a year's total global mining is astounding and certainly suggests that this is not coming from on-going mine production but rather from existing vault inventory.
    Jul 8 08:45 AM | 4 Likes Like |Link to Comment
  • Gold - Here's What You Need To Know [View article]
    "the fear trade dying"

    Really? your cognitive dissonance is amazing. Quadrillion in derivatives about to implode. Unprecedented levels of unemployment throughout the world. The Eurozone a disaster. China's bubble about to pop. Japan becoming another Chernobyl 10X worse from constant (and unfixable) radiation emissions. Escalating Mid East tensions. ETC. ETC. ETC.
    Jul 8 08:25 AM | 5 Likes Like |Link to Comment
  • Possible Catalysts For A Gold Rally [View article]
    It is unlikely that another banking crisis would be temporary. We are 5 years in on the banking crisis of 2008, and, if anything, the global financial situation is far worse, not better. Gold as a safe haven for periods of uncertainty, turmoil, and crises may eventually be recognized by Western investors in spite of the propaganda and disinformation about the various "recoveries".
    Jul 4 01:12 PM | 1 Like Like |Link to Comment