jt

Sorry, There Is No Silver Conspiracy

Wow...to those who read this article...read otto(doesn't)rock111's last post. Unfortunately it reveals a major ego in the way of understanding and a lack of desire to understand what the MSM (and CFTC) refuses to deal with or even put in front of the public. AS a rule...you can probably take all articles that reject out-of-hand positions considered "conspiracies" and reject THEM out-of-hand. I rest my case.

(But DO read Ted Butler's article...unless you, too, just like to reject anything called a "conspiracy" out of hand...in which case enjoy life in LaLaLand, but remember...LaLaLands and their inhabitants tend to suffer frightful ends when the "conspiracies" out of "nowhere" turn out to be realities.)

Sorry, There Is No Silver Conspiracy

this site loves to cut things short for some reason.

The link...paste it together if necessary...is

news.goldseek.com/
TedButler/1219417552.p...

And the last line should read "there-ain't-no-silver... society" (or "there ain't no silver conspiracy society" if the compiler doesn't like all those hyphens perhaps?)

Sorry, There Is No Silver Conspiracy

Sorry, Otto Rock the Silver Analyst Does Not Exist.

Sheesh, Otto, I've read a few of your articles on mining companies and country risks, etc. Not bad my boy. You should stick to something you know something about. Your article reminds me of Archie Bunker in his LaZBoy chair pontificating on all known world topics who upon seeing some Arabic woman completely covered up walking outside in the hot Middle Eastern sun has a moment of revelation and yells to Edith that he now knows why erl [that's oil, of course ;)] prices are so high, and Edith in her screeching voice asks why is that, Archie, and he reveals that it's b/c they have to keep their A/C so high it must use up 80-90% of all the erl on the planet, along with almost all the camel patties found in that there neighborhood, or whatever else it is dem Arabs use.

How in the world are you missing the elephant in the living room, Otto?? You've been stepping in it's patties for years now. Forget the word "conspiracy"...it's been successfully demonized by TPTB thru the MSM. Go read Ted Butler's recent article (end of last week-- news.goldseek.com/TedB...) called "The Smoking Gun." Go look at those numbers, then go read up on what the CFTC is supposed to be there to prevent. Then come back and give us a report on the article and the data...that is if your ego isn't too big to admit that the there-ain't-no-silver-... society needs to grab their seeing-eye dogs, go home and rethink this thing. jt

Why Should I Own Gold?

Just want to give kudos to Jacob for at least asking the question.

A "gold standard" is just completely foreign to most American citizens under the age of 75-80 b/c they've never really lived under one. And secondly the brainwashing done by the Mainstream Media...the Dept of Truth as Orwell liked to call it...supported and controlled by the powers that be who own it -- the bankers (just as Nathaniel Mayer [Bauer] Rothschild stated some years back: "I care not who sits on the throne of England...he who controls the money supply controls the throne, and i control the money supply") has taken its toll.

Anyone thinking clearly would have to agree that an ounce of gold has intrinsic value, and certainly more intrinsic value than a piece of paper with $1000 printed on it known as a Fedl Reserve Note...what exactly do you think they hold in reserve for the holders of that note???...not one d*mn thing!!...there's absolute nothing of value behind it...just a rather large and power computer. But since the price of gold and silver have been suppressed for so long, and since price action makes market commentary, most have swallowed hook, line, and sinker that they have no particular value as an "investment." But those posting here above have already shown the folly of investing in the "dollar." It has lost over 95% of its value since 1913 in terms of purchasing power...and it ain't even begun to reach its bottom. Even if you're getting 10% interest or gains on your dollar-based investments, by calculations using the CPI formula used before Clinton, inflation is now over 13%, so you're STILL losing value. And that doesn't even start to take into consideration now greater than $Quadrillion in derivative debt (fast becoming real debt) that is attached to the dollar like an other-worldy anchor, draggin it into the abyss. Think of buying gold and silver as a way to trade in worthless and growing ever more worthless pieces of paper for something of real intrinsic value...worldwide.

IMO and I'm sure in the opinion of many posting here, gold and silver will without a doubt also turn out to be a good "investment"...but in the meantime, it's a store of value / wealth at the worst. jt

Freddie's Loss is Gold's Gain

The most sound way to look at "buying" gold and silver is to think of it as trading in worthless paper for REAL money, while you still can for next to nothing.* Though silver and gold could very well become the investment of a lifetime over the next 5 years (?+), the reason to buy it now is that regardless of when the mob decides to leave the burning building that is the house of fiat currencies, or who is the last out, the dollar (and with it the fiat currency system) is burning itself down AS HAS ALWAYS HAPPENED IN ALL MODERN HISTORY with fiat currency "experiments." But it will be worse this time, not b/c this is the first time a govt has pulled this fraud on its people, but b/c this time almost ALL (if not all) of the largest (and even the smaller) industrialized countries' govts have done this to their people ALL AT THE SAME TIME!!

.........................
*Some have gone thru the math and come up with a number >$50,000/oz just to back up the number of FRNs out there with gold, but that doesn't even begin to monetize all the derivative debt out there that is turning into real debt faster than the Fed and our Treasury can give our great grandkid's money away to their bankster. Looking at silver...with an historical ratio of silver:gold of ~1:15-20...at a ratio of now >1:60...we already need silver to triple compared to gold. Then consider that 80% of all silver mined is consumed in industry, that all known above ground hoards, including the govt's, have already been sold into the market, the numbers say silver is rapidly approaching the scarcity of gold (and remember, gold for the most part is not destroyed in use, as the majority of silver is...in industry, the amounts used are too small to warrant salvage, but billions upon billions of tiny amts are constantly used up in electronics et al, for example).
.........................

The dollar, the euro, and the yen will all collapse. And then?...what will take its place? Same thing that always does...when the impostor is run out of the kingdom, the REAL king is given back his scepter and a new era begins...with King Gold on the throne once again, with silver as prince. What's it gonna look like?...hard to know, but likely there will be a gold standard with paper certificates backed by gold with price of gold set at so many of those certificates per oz, or said the other way around, fractional oz of gold per varying certificates. Same with silver.

As far as "elected politicians"...they've been bought and sold a long time ago. Thru trickery and deceit and lame-session timing and the lack of cajones of our elected officials in 1913, the Fed (against which the Founding Fathers had warned in no uncertain terms) and thus the banking houses of Europe weaseled their way in until they finally completely took over control of the money supply of this country, and thus of the government of this country. Elected officials no longer make the important decisions...just as Nathan Mayer (Bauer) Rothschild (and his father and grandfather before him) said, and I paraphrase, "I care not who sits on the throne of England. He who controls the money supply controls the throne, and I control the money supply."

And so it is today. This election is a joke...we are given the choice by the powers that be (TPTB) the choice of two unacceptable candidates, and if we vote, it will be for the one we believe to be the lesser of two evils, not someone who has ANY plan whatsoever to stop this destruction of our economy and country, clean up the mess, and set us on a solid footing...all of which would have to begin with shutting down and cutting of the Fed's powers and taking back the power held by TPTB, the Shadow Govt, and giving them back to the people and their representatives (after kicking out the fatcat paid off aristocratic wimpy "representatives" currently feasting on our dollar in DC). jt

Cheap Silver: Whither the Ratio?

This graph didn't come thru from Ted Butler's article...apparently we can't copy graphs to here. Here is the full link...just paste it together, since the link was also not fully copied to here:

news.silverseek.com/
TedButler/
1219417468.php

Cheap Silver: Whither the Ratio?

Let's see how many of you can see evidence when it is staring them in the face. The FACT of manipulation is backed by more evidence than would EVER be needed in a court of law. It is not a theory...it is evidence-backed fact. Without this manipulation, the price would be many times higher, without a doubt.

I'm copying here Ted Butler's latest missive entitled

The Smoking Gun

By: Theodore Butler



-- Posted 22 August, 2008 | Digg This Article | Discuss This Article - Comments: 8




For years, the data contained in the weekly Commitment of Traders Report (COT), issued by the CFTC, have indicated that several large COMEX traders have manipulated the price of silver and gold. For an equal number of years, the CFTC has reluctantly responded to public pressure over this issue with blanket denials of any wrongdoing. Many analysts have agreed with the CFTC’s position, conjuring up various ways to explain why a massive short position held by a handful of traders is not manipulative.

The recent widespread shortage of silver for retail purchase coupled with a price collapse appears to have shaken these analysts’ confidence that the COMEX silver market is operating ‘fair and square.’ Well it should, since there is no rational explanation for a significant price decline going hand in hand with product shortages other than collusive manipulation.

For any remaining doubters that COMEX silver and gold pricing is manipulated, the following CFTC data should be considered. This data is taken from a monthly report issued by the CFTC, called the Bank Participation Report. Here’s the link for the report -

www.cftc.gov/marketrep... The relevant data is found in the July and August futures sections. I will condense it.




These facts speak for themselves. Here are the facts. As of July 1, 2008, two U.S. banks were short 6,199 contracts of COMEX silver (30,995,000 ounces). As of August 5, 2008, two U.S. banks were short 33,805 contracts of COMEX silver (169,025,000 ounces), an increase of more than five-fold. This is the largest such position by U.S. banks I can find in the data, ever. Between July 14 and August 15th, the price of COMEX silver declined from a peak high of $19.55 (basis September) to a low of $12.22 for a decline of 38%.

For gold, 3 U.S. banks held a short position of 7,787 contracts (778,700 ounces) in July, and 3 U.S. banks held a short position of 86,398 contracts (8,639,800 ounces) in August, an eleven-fold increase and coinciding with a gold price decline of more than $150 per ounce. As was the case with silver, this is the largest short position ever by US banks in the data listed on the CFTC’s site. This was put on as one massive position just before the market collapsed in price.

This data suggests other questions should be answered by banking regulators, the CFTC, or by those analysts who still doubt this market is rigged. Is there a connection between 2 U.S. banks selling an additional 27,606 silver futures contracts (138 million ounces) in a month, followed shortly thereafter by a severe decline in the price of silver? That’s equal to 20% of annual world mine production or the entire COMEX warehouse stockpile, the second largest inventory in the world. How could the concentrated sale of such quantities in such a short time not influence the price?

Is there a connection between 3 U.S. banks selling an additional 78,611 gold futures contracts (7,861,100 ounces) in a month, followed shortly by a severe price decline in gold? That’s equal to 10% of annual world production and amounts to more than $7 billion worth of gold futures being sold by 3 U.S. banks in a month. How can this extraordinary concentrated trading size not be manipulative?

Because prices fell so sharply after the short sales were taken (with the appropriate dirty tricks as I have previously explained) holders of known physical silver in the world suffered a decline in value of more than $2.5 billion and long COMEX silver futures holders suffered a similar $2.5 billion decline in the value of their contracts. In gold, because the dollar value held is much greater than silver, investor losses were much greater, on the order of hundreds of billions of dollars on their physical holdings. Declines in the value of mining shares adds many billions more. Was this loss of value caused by the concentrated short selling of 2 or 3 U.S. banks?

What real legitimate business do 2 or 3 U.S. banks suddenly have for selling short such quantities of speculative instruments over a brief time period? Do we want banks to be engaging in this type of activity? If the manipulation was not successful, would U.S. taxpayers be called on to bail out yet another bank speculation gone bad?

Do the traders who lost money in the recent price collapse of silver have a reason to believe that their money is now in the pockets of these two or three U.S. banks? If so, do they have recourse?

The data in the Bank Participation report is clear and compelling. that it is hard to conclude anything but manipulation. It is beyond credulity to conclude other than two or three banks caused one of the most severe price collapses in precious metals history. The CFTC has a lot to answer for as the regulatory agency responsible for preventing this type of blatant manipulation.

news.silverseek.com/Te...

The Disconnect Between Supply and Demand in Gold & Silver Markets

James...one other thing. I, too, along with Kelly do not understand why you have positions in SLV and GLD...??!!! From all the evidence, these paper promise vehicles are even as we speak are being shorted and being used to lease more gold and silver out the backdoors to their supposed controllers, all of whom are a part of the anti-gold cartel. Seems a contradiction to me for someone with such a very good understanding of what's going on. Perhaps it just for trading purposes, but it's also aiding and abetting the enemy.... jt

The Disconnect Between Supply and Demand in Gold & Silver Markets

Thanks, DavyJ, and I'm sorry for doing this, but you make such a good example of just how idiotically stupid and gullible most Americans have become, that I just can't resist. You don't seem to realize that your statement is a complete and total non-sequitur contradiction:

You say--"The precious metals dealers have so much inventory at costs far above the current prices that their spreads have vanished."

Duh!!!!!...how do YOU know they have "so much inventory" Davyboy??...please give us your sources. And if they actually did, why would it be at such high prices, unless that's where they bought it? And why would they have bought it at those high prices unless someone was buying it from them there??? And if they are actually waiting to sell their present supposedly HUGE inventory, that means they must be waiting for HIGHER PRICES, right Davy?? But why would price go any higher if the present price is a just and reasonable price??

Sheeeesh, Davyboy, didn't your mom or dad or someone ever tell you it's better to keep your mouth shut and let people just assume your ignorant, than open your mouth and prove them right?? jt

The Disconnect Between Supply and Demand in Gold & Silver Markets

What can I say??...wow!!!...one of the best thot out and laid out explanations I've read ever on the absolutely criminal manipulation of the gold and silver markets by the mafioso anti-gold cartel (anti-gold b/c they have sole control of the fiat currency fraud machine...and gold and silver expose the fraud and so must be kept suppressed) .

Thanks, James...you need to continue to put this out in different venues and expose this for the world to see. GATA has done what it can...but it needs others to also get the message out. As for the rest--BUY PHYSICAL...NOW!!!!...a... esp silver... jt

Predicting the Bottom in Gold

Bruno...great post. You're right on...the majority of Americans, along with all who think they "wanna be like Mike...er, Uncle Sam," are so brainwashed that they can't see what is in front of their faces anymore...or as the expression goes...they can't see the elephant in the living room. When they've been shown no other universe than the one TPTB want them to believe...and it is shoved down their eyes and ears daily...hourly...by the Ministry of Truth, to use one of Orwell's favorites, all "alternative" perceptions of reality are considered "fringe" and centered somewhere in the Stone Age. And that universe fed in daily doses of governmentspeak is the fiat currency / central banker controlled economy that the MSM (Mainstream Media) has, under the direction of this Shadow Govt, painted as the utopia desired by all mankind.

What it is is financial hell...for the working class, esp, but not for the Mephistoclean elite who rob them blind day after day thru continued debasement of the currency they get paid in...and then taxing what's left with more and more cleverly disguised "charges" and "levies" and anything else that can be dreamed up to take the little money that's left.

They (the Fed and their fellow Western CBs, their bullion/investment bank lackies, eg, JPMorgain4Elites and GoldmanSuchs, and our "own" Treasury, run by ex-GoldmanSuchs officers, along with the PPT [formally, the President's Working Group on Financial Markets]) "intervene" now daily in...ie, manipulate... ALL markets...COMEX, DOW/DOG/S&P, futures, currencies, bonds to make everything look to still be the Goldilocks economy that Americans want and want to hear about...where everything is "just right."

Then comes price inflation. And since most Americans haven't seen the whole thing yet, what will turn out to be a monster man-eating lion at the moment still looks like a nice little pooty cat with a little bit of a bad temper. But even those who smirk and throw around their little ignorant putdowns about "silly" people know in their knower that the ground they walk on is levitated artificially and that the rumbling they hear below aint their stomachs.

You've got a chance to trade in some good chunk of your worthless paper for real money now--silver and gold...now that it's been taken down on the PAPER markets (though the physical markets are fast becoming very different and changing...go try to buy 100oz silver bars, or 1oz Ag Eagles...or now gold eagles...you can't...and what you can find is at a major premium, despite the law that the mint was to ALWAYS have silver and gold Eagles available on a timely basis for all who wanted them, and if they didn't have the silver or gold, they were to go to the open market and pay whatever price needed to assure a constant supply...yes...that is LAW!!).

Those with eyes to see and not too impressed with their own ability to throw verbal bullets at a real problem that won't kill it any more than taking a piece of note paper and writing $1,000,000 on it will be able to pay their bills...YOU will take the red pill and leave the Matrix before it drains the rest of the life out of you. And no, you won't be able to just up and leave...you do have to live somewhere, under some govt. with some kind of economy. But with eyes opened, you will understand what is REALLY happening and take appropriate measures. jt

Royale Energy: Textbook Illegal Trading?

MO...I fully sympathize with you and the other shareholders' situation in ROYL and agree that the markets have become nearly lawless, since it's become apparent that the SEC couldn't give a spit, or even more odiferous substances, about common shareholders. It clearly (to anyone with eyes to see) exists for the pleasure and comfort and protection of the financial institutions that spawned it.

On the other hand, you don't do your stand or argument a service by exaggeration: "many individuals have lost their life savings on this stock." Sheesh, man, this stock was near $2 just a few months ago. How would someone have "lost their life savings" that fast?? If they bought even earlier this year, they made a major profit on the rocket up and should have taken some profits. And then again, perhaps upper $14 wasn't warranted quite yet by a company with a Q1 loss? Your argument falls apart a little there.

Just a comment...though as I said, I agree with the fact that the market has become a den of thieves and no longer really meant for "mom and pop." They should be putting their money into gold and silver...ie, REAL money, IMO...something that won't lose its value over the long run (despite the massive interventions and manipulations on the paper markets of gold and silver as we speak by the Fed and other Western Central Banks and their bullion / investment bank lackies, in coordination with our own Treasury run by ex-Goldman Suchs Herr Paulson...Heil Hank!!!!...Ja Wohl!!!...ist Kriminal!!!) jt

Time to Buy and Hold Gold

Great points, Fitz, and a great story vehicle for doing it. I'm assuming these characters actually live and breathe, and as such, it should hard for even the most dyed-in-the-wool don't- confuse- me- the- with- facts brainwashed by the Ministry of Truth's governmentspeak Goldilocks lovers to just blow off the REAL truth of what is happening and has happened to our country. The sad truth is that they will anyway...as the tsunami crashes, wipes away what was once a great country and sweeps in who knows what corrupt socialist govt. under the guise of martial law and "protecting" its citizens. jt

The Gold-Oil Ratio: Another Look

Who said "cash (is) going up"...??? If you mean the FRN...the "dollar"...it has only one way to go as further bank bailouts and the nationalization (yes, as in fascist socialism) of the financial system proceeds unstopped and the figure required heads towards "unlimited" and our congressional bought-and-sold aristocratic fops yawn, accept their buyouts, and allow it. And that is down down down. The only thing propping up the dollar now and holding down REAL money--gold and silver--is blatant and growing ever more sickeningly blatant intervention by the Fed and their bullion bank lackies in collusion with the Treasury (which should be called the strong arm of the Fed under the control of Goldman Sachs--of the "elite" run for the elite and by the elite) and the supposed watchdogs of the markets--SEC / CFTC--more like foxes watching the henhouse. But the day will come when this criminal collusion and manipulation at the highest levels will no longer be able to hide the rot and and stench that is our financial system and currency. Then watch out below for the dollar, and better have real money. jt

If This Comes True, You'll Be Glad You Own Gold & Silver

Well said, Kelly. User 30121, it is frustrating, but don't give up. Every person has his/her tipping point, or reallife encounter, where all of a sudden the lightbulb goes on. Often the staunchest naysayer then becomes the staunchest proponent for the position s/he was just lambasting. Such is human nature, I'm afraid--"if i don't know it, it's not true." Most don't consider the possibility that they're ignorant...and I've found that the strongest opinions are put forward by the most ignorant. So keep putting out the facts for those who WILL read and think. Don't get stopped out by the naysayers...they will always be there...and those who actually KNOW as always will be in the minority. Some will have to learn the hard way...and it could get VERY hard very quickly now. jt