Tuesday, July 12, 2011

Message From Jim Sinclair - Gold is setting up for the $1600- $1650 battle royal.


My Dear Friends,

Talk of further Fed easing if the economy continues to weaken put gold thrhttp://www.blogger.com/img/blank.gifough the technical overhead resistance, driving the algorithms bullish as gold sets up for $1600.

There is no question the economy is going into a double dip which will be lower on the second dip. Quantitative easing will continue with vigour.

Gold is setting up for the $1600- $1650 battle royal.

Regards,
Jim

http://www.jsmineset.com/2011/07/12/in-the-news-today-914/

There Goes Gold via ZeroHedge.com


There Goes Gold
Submitted by Tyler Durden on 07/12/2011 13:39 -0400

http://www.zerohedge.com/article/there-goes-gold
There probably is a reason for the sudden move higher in gold, but we don't know or care. At this point the end of Ponzism is a given. Just a matter of time. Next stop for gold $2,000, then various multiples of $1,000 after. But first, the all time nominal high of $1,577 from May 2.

Tuesday, March 1, 2011

Keiser Report 125 - Middle Class Misery



http://www.youtube.com/watch?v=XB2FS4RT2sY

This week Max Keiser and co-host, Stacy Herbert, talk about a Chinese gold standard and about sobering facts about the U.S. middle class. In the second half of the show, Max talks to John Butler of Amphora Capital about gold bugs, the duration paradox and holding dollars.

Sunday, February 20, 2011

Silver Default Looms?! (It's about time!) Silver Stock Report by Jason Hommel, Feb 20th, 2011

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Silver Default Looms?!
(It's about time!)
Silver Stock Report
by Jason Hommel, Feb 20th, 2011


I apologize in advance that this essay is entirely without humor, completely sober, and deadly serious.

As I write on Sunday evening, Feb. 20th, silver prices are up another 40 cents to $33.10, another 30 year high, going back to the previous high of $50 from Jan. 1980. In the last two trading days, last Thursday and Friday, silver prices increased about a dollar per day.

What's going on?

As I read on the blogs, about 53,000 silver contracts for 5000 oz. each are nearing the first delivery day on Feb. 28th. At that time, each contract must be fully funded to await delivery in the following 30 days, or sold before then. By the way, 53k x 5k = 265 million oz.

http://tfmetalsreport.blogspot.com/2011/02/wow.html

The crazy thing is that the four COMEX approved warehouses have only about 100 million oz. of silver in them. So, in essence, a default looms.

Will this be it? If so, what will happen?

Usually, all but a very few contracts roll over to the next months. The futures contract holders rarely stand for delivery, as in their view it is too difficult, and too costly; they are in this game for the leverage. They usually only put down 10% of the money, so that if silver gains another 10% in price, they double their investment quickly. And if silver moves down 10%, they lose everything!

But here's the kicker. COMEX just raised margin requirements 50% on Friday, meaning that the longs had to put up something probably like 15% instead of the usual 10%. (I have no idea of the real figures, as I have never traded futures, I have never had a futures broker, and don't know where to go for that data.) This means that the longs were not scared out of their positions, as the silver price went up, not down, as the manipulators had intended.

What I do know is that usually, the majority of futures contracts stand about 3 months away from delivery. But not now.

Tonight, 53,000 contracts are looming for either close out, or they will stand for delivery. Out of about 150,000 to 200,000 contracts!

Harvey says 150,000 contracts in open interest.
http://harveyorgan.blogspot.com/

321gold.com says 200,000 contracts in open interest.
http://www.321gold.com/cot_silver.html

The current situation will be resolved in 8 days, and again, in another 30 days after that. Both deadlines are worth watching closely.

Either way, this situation presents several problems.

Clearly, if the longs stand for delivery of 265 million oz., when there are only 100 million oz. in the warehouses, there will be a short squeeze, and the price can go ballistic to the upside, perhaps prices could go up by 5 times higher in a few days.

However the longs don't seem to realize that the shorts can cap the price by several other manipulative methods. They can deliver paper cash, or SLV shares as well. The shorts and COMEX can also limit total physical silver deliveries to as little as 1.5 million ounces to any individual, or 7.5 million ounces total, if my memory of the rules serves. If they do that, the shorts can delay a short squeeze at the COMEX.

But this would create another problem.

A cash settlement, or settlement in SLV shares, or a limit on physical silver deliveries, would be recognized as a default, or a "failure to deliver".

If any such kind of default would take place, it could cause a run on any remaining silver at any other location, such as directly at the refineries, or bullion wholesalers, or bullion dealers like myself.

I hope no such default takes place, as I don't want to go out of business for a few days, or a few weeks, or a few months, while I wait for my suppliers to get re-stocked.

In any event, I think it's important to realize several fundamentals.

1. The dollar itself -- is fraud.

2. Silver futures contracts -- are fraud.

3. Fractional reserve banking -- is fraud.

4. Fractional reserve silver selling -- is fraud.

5. The nature of paper money and all frauds is that they tend to collapse rather suddenly, with little warning, especially when their ability to pay debts is called into question.

6. Argentina maintained a peg of their peso to the dollar, and it lasted until they could no longer make interest payments in dollars. Then, their peso collapsed in value nearly 75% overnight. Even Americans, with American dollars, in American banks (in Argentina) had their dollars forcibly converted into pesos, and their ability to withdraw money severely limited.

7. The same thing can happen to the dollar.

8. Silver prices must be seen to have the potential to explode by about a factor of 4-10, literally overnight. This means we might see silver prices at about $33/oz. on one day, and silver prices from $130 to $330/oz. the next day.

If that happens, I might close up the JH MINT for anywhere from an hour to a day or so, until I can guarantee a source of silver from my suppliers.

I will likely be able to remain in business though, because if there is a price quote, it means silver is available at such prices.

The most likely course is that the paper traders continue their game of "chicken". Both sides will swerve at the last moment and avoid a collision. Prices will likely go up to about $35 to maybe as high as $40 next month.

We will likely have another record sales of silver bars and coins.

The US mint will likely have another record of sales of 1 oz. American Eagle silver coins. They might run out for a week at a time, again.

We will likely have plenty of silver available at about 6% over spot, while all the physical silver ETF's trade at about a 8-12% premium over "spot" prices.

But then again, you never know. I can predict that the busses will likely run on time, and I will likely be right, until they don't. Better order silver now, while you still can.

My greatest fear is that silver will run out. When silver runs out, people will buy other things to protect the value of their dollars, such as food. If people start buying up food, in amounts of up to $100,000, food prices will soar, and that will cause food prices to exceed the values that most people can afford, and then, most people will begin to starve. The beauty of gold and silver is that you cannot eat them, and thus, there is no such thing as a price that is "too high" of a price for gold and silver. My wife and I stocked up on food this weekend at COSTCO. We spent only $700, the least we have spent in months. We filled up the back of our Ford Excursion. You can see what problems would be created if wealthy people begain to buy 50 to 100 truckloads of food at a time, in the event that silver became unavailable.

Further links for further study:

The Silver Institute -- for silver statistics
www.silverinstitute.org

Eric Sprott (a billionaire) is very well informed. The 3 men he listed, Ted Butler, Dave Morgan and Jason Hommel are among the smartest guys in the room when it comes to silver.
http://marcfaberchannel.blogspot.com/2011/01/david-morgan-interviews-eric-sprott-1.html

ECB emergency lending jump persists
Traders ponder whether spike is result of bank error or renewed stress
http://www.marketwatch.com/story/ecb-emergency-overnight-lending-jump-persists-2011-02-18?dist=beforebell

CPM Validates Imminent Comprehensive Silver Shortage Predictions
http://blog.ml-implode.com/2011/02/cpm-validates-imminent-comprehensive-silver-shortage-predictions/

$500 Silver, Max Keiser Explains His Price Target -- 19 February 2011
http://www.youtube.com/watch?v=Ab5u2rysOfQ

Bill Murphy: "Silver can double in a week, the price is held down with derivatives!"
May 11, 2010 (When silver was priced at $20/oz.)
http://www.youtube.com/watch?v=4J7x3xcToeQ

Why no talk of $32,567/oz ? by Jason Hommel, Jan 2, 2003
http://www.silverstockreport.com/essays/Why_no_talk_of_32567_oz_-.html

Disclaimer: I am a bullion dealer. I sell silver and gold for a living. I'm not trying to cause any sort of panic buying. I believe it is rational and logical to purchase silver, and I have advocated buying silver since 2003. I have predicted a default in gold and silver metals futures contracts since 2002, after the palladium default of 2001, and it has not yet happened. I believe in God, honest weights and measures, and honest money. I believe men will prosper far more when they follow God's laws to use honest money in commerce, and avoid all kinds of futures contracts.

I'm proud to say that my teachings from the Bible on avoiding futures contracts have inspired a world-class programmer to create a new computer programming language that avoids the mistake of making futures contracts, which avoids creating problems in the programming world.
http://copute.com/dev/docs/Copute/ref/intro.html

Further, http://www.oneoverspot.com/ continues to thrive as a place to buy and sell silver and gold.

=====

I strongly advise you to take possession of real gold and silver, at anywhere near today's prices, while you still can. The fundamentals indicate rising prices for decades to come, and a major price spike can happen at any time.

Follow me on facebook!
http://www.facebook.com/jason.hommel

Or Youtube!
http://www.youtube.com/user/bibleprophesy

JH MINT & Coin Shop, Grass Valley, CA -- minimum order $5000 for free shipping, USA shipping only.
Open 10AM to 5PM Pacific Time, Monday to Friday, closed weekends and bank holidays. (Also Closed from Dec. 25th to Jan 1st)
www.jhmint.com
(530) 273-8175
Kerri handles internet phone orders:
kerri.jhmint@yahoo.com
(530) 273-8822



Sincerely,

Jason Hommel
www.silverstockreport.com
www.bibleprophesy.org

The Road To Roota by Bix Weir







It was January 2007 when I first discovered the information released by the Federal Reserve Bank, Boston that changed my understanding of the gold & silver markets, the financial markets, the energy markets, the monetary system as well as the true essence of my country, the United States of America. Interestingly enough it came in the form of a children's comic book.



The Road to Roota Theory postulates that there is a group of people in the United States as well as around the world that are working to remove and destroy the financial banking powers that have secretly controlled all aspects of our lives for hundreds of years. The original idea of this group sprang from the mind of Alan Greenspan and involved rigging markets with computer programs that he had invented in the 1960's. The original articles can be found here:
The Original Road to Roota
http://www.roadtoroota.com/public/120.cfm
My understanding of the way the world worked was blown to bits and replaced with a more unified theory on all things monetary... all things that lead us down The Road to Roota otherwise known as the Road to the Gold Standard.
Greenspan's Golden Secret
http://www.roadtoroota.com/public/101.cfm
The following concepts are the key support pillars in The Road to Roota Theory and I have linked the support articles as back up. Once you understand these concepts you will understand what is happening all around you as the world you once knew comes crumbling down to be replaced by a new and better system.
KEY COMPONENTS OF THE ROAD TO ROOTA THEORY:
1) All markets have been 100% controlled by computer programs since the 1970's in order to steer and control prices thus prolonging the fiat monetary system.
http://www.roadtoroota.com/public/94.cfm
2) A powerful cabal of the world's elite have taken over that market manipulation process and twisted it to enhance their own profits while pretending to service their nation's best interests.
http://www.roadtoroota.com/public/133.cfm
3) In the early 1900's the United States embarked on a secret policy to hide all of its own natural resources and exploit the rest of the world's until resource scarcity was fully recognized.
http://www.roadtoroota.com/public/181.cfm
4) In order to support the oil backed US Dollar and the world's petro-based economic system the "powers that be" have hidden new energy technologies that would greatly benefit the world's population as well as the environment.
http://www.roadtoroota.com/public/141.cfm
5) Since 911 there is a group of people and governments that have decided "enough is enough" and are in the process of removing the banking cabal from their seat of power.
http://www.roadtoroota.com/public/120.cfm
6) The planned destruction of the fiat monetary system is the type of "Creative Destruction" event that will force the implementation of a new Gold Standard within the United States.
http://www.roadtoroota.com/public/117.cfm
You may argue all you want about my interpretation and conclusions but there will be no arguing the final results. When the final crash comes the facts will show that the Road to Roota Theory was the closest thing to a "correct analysis" of the gold market available at this time in history.
This is your peek behind the curtain of the Great and Powerful OZ!
As we read the papers today the events are unfolding before us. The real question now is what will happen in the future? Will we be cast into a deep and dark depression with no hope for future generations or will we survive and even thrive as we make this transition?
Here is my interpretation of all the information found in the RoadtoRoota.com archives:
http://www.roadtoroota.com/public/department36.cfm
These conclusions may sound way too positive and outrageously naive but everything I watch points to a very bright future…even if it takes a few bumps to get there!
1) The collapse of the fiat monetary system will be total and complete equalizing the playing field between the "haves" and the "have-nots".
2) All paper/electronic debt and assets will evaporate with the collapse of the fiat money system.
3) Those who have perpetrated the outrageous and monstrous crimes of the past 100 years will be hunted down and prosecuted (if they are lucky).
4) The US will issue a new gold backed currency (domestically) allocating it according to future social security payments due.
5) The US will allocate much of the new gold backed money to support the funding of schools, police, health care, infrastructure and other necessities for a fully functioning society.
6) Globalization will end upon the collapse of the derivative structure and all countries will end global trade concentrating on their own internal commerce.
7) All US overseas troops will return home to protect our boarders and ensure the safety of our citizens.
8) The US population will be fully employed working to replace all the overseas production lost in the reversal of Globalization.
9) The United States will tap into its VAST natural resources that have been hidden away for years in National Parks, Military Bases and sites deemed "Ecologically Sensitive".
10) A vast array of new energy technologies will be revealed since there will be no more need for the "oil standard" that has supported the US Dollar for the past 50 years.
11) The implementation of the new monetary system will usher in a glorious new "Golden Age" that the world will embrace after years of being lead around like "Sheeple".
We are on the cusp of something truly momentous in the history of the human race. With the full transition there is no need to lose the free markets system. Truthfully, a true "Free Market" system has never been given the chance it deserves with all the market rigging of the past 100 years.
We will be free again. We will resurrect our Constitution and we will make the United States of America the Land of Liberty that our forefathers envisioned.
Let's pray that the change is peaceful.
May the Road you choose be the Right Road.
Bix Weir



The Road to Roota Theory
Bix Weir
http://www.roadtoroota.com/public/190.cfm


The Road To Roota Theory (2 Hr Interview)
http://www.youtube.com/watch?v=6RJuzmXI1CU

SGTBull07 Interviews Bix Weir
http://www.youtube.com/watch?v=Lwkpr8D-Fjc
Part 1
http://www.youtube.com/watch?v=AJNc7lI-WV0
Part 2
http://www.youtube.com/watch?v=XBF8frSUXUA
Part 3

SGTbull07
Feb 19, 2011
Bix Weir, author of the 'Road To Roota' Theory, and Board Member of GATA.org


CHECK OUT! Bix Weir's Website
http://www.roadtoroota.com/

Tuesday, February 15, 2011

Hugo Salinas Price James Turk Interview about silver money



http://www.youtube.com/watch?v=6nD6UY_gzgk
In this video silver advocate Hugo Salinas Price, President of the Mexican Civic Association Pro Silver, A.C., is interviewed by James Turk, Founder/Chairman of GoldMoney and Director of the GoldMoney Foundation. Hugo explains what led him to believe that silver coins should be money again. Hugo and James discuss the essence of sound money.

Friday, February 11, 2011

Part 4 - Silver and Gold Manipulation Explained



http://www.youtube.com/watch?v=h66R4U-Eybs

This is Part 4 of the series. There are lots of things going on behind the curtains. Silver and Gold are being manipulated to the extreme now as the end of the currency cycle has arrived. The shift has begun, and it will come with some pain.

Tuesday, February 8, 2011

Keiser Report: Fiat Food (E119)



This time Max Keiser and co-host, Stacy Herbert, talk about fake rice and real inequality and about a 'new model' that looks a whole lot like an old model called capitalism. In the second half of the show, Max talks to Pierre Jovanovic, author "Blythe Masters," about credit default swaps, the Queen of commodities and Marie Antoinette.

Saturday, February 5, 2011

Alaska Gold Rush Part 11


When the going gets tough the tough seek new frontiers. Six recession hit patriots from Oregon become greenhorn gold miners.

King World News Interviews with Ben Davies, James Turk + Weekly Metals Wrap

GOLD, SILVER & MINING SHARES - Ben Davies: CEO of Hinde Capital - Rising star Ben Davies gives another great interview on the gold and silver markets in great detail. A must hear for all KWN listeners. Recently Ben appeared at the London Gold Conference on a panel with James Turk and others. Davies ran trading for RBS Greenwich Capital in London where he managed a macro portfolio. Ben Davies and Mark Mahaffey, former colleagues from RBS Greenwich Capital, established Hinde Capital in early 2007, primarily to focus on the precious metals and the commodity sector.

SILVER SHORTAGE, GOLD & XAU - James Turk:
Chairman and Founder of Goldmoney.com - James has written “The Freemarket Gold & Money Report,” an investment newsletter since 1987. He has specialized in international banking, finance and investments since 1969. James subsequently joined the investment and trading company of a prominent precious metals trader based in Greenwich, Connecticut then moved to the United Arab Emirates to be appointed Manager of the Commodity Department of the Abu Dhabi Investment Authority, a position he held until resigning in 1987.

KWN Weekly Metals Market Wrap: We have added new segments to the KWN Weekly Metals Wrap covering gold, silver, trading and a plethora of other factors affecting the precious metals markets. I am giving King World News listeners globally access to what has long been my weapons in researching where gold and silver are headed directionally along with the COT Report. We Cover the Commitment of Traders Report in detail as well as a number of other factors which can influence the gold & silver market price action.

Thursday, February 3, 2011

Keiser Report: Silver Stick for JP Vampire (E118)


This time, Max Keiser and co-host, Stacy Herbert, talk about French President Nicolas Sarkozy going postal on JP Morgan CEO, Jamie Dimon and about the US Drug Enforcement Agency goes Village People with their big lipped rubber ducky for sale. In the second half of the show, Max talks to Sandeep Jaitly of Bullionbasis.com about a gold standard, backwardization and the Austrian school of economics.

Wednesday, February 2, 2011

More turmoil in Yemen/Irish citizens remove massive amount of euros from bank accounts ie. your old fashion Bank Run) via Harvey Organ

More turmoil in Yemen/Irish citizens remove massive amount of euros from bank accounts ie. your old fashion Bank Run)

Good evening Ladies and Gentlemen:

Gold closed today at $1331.50 down $8.10 dollars. Silver also fell by 23 cents to $28.30. The banking cartel felt the need to whack these precious metals again as the world focuses on commodity prices which are rising everywhere on the globe.

First let us head over to the gold comex and see what transpired:

The total gold comex open interest fell by 793 contracts yesterday despite gold's rise. Obviously there was short covering by the bankers. However it looks like those who settled in cash did not buy any April or other gold contract. They may have switched into silver.

The front options open interest in gold saw its open interest fall from 4887 contracts to 2396 for a loss of 3294 contracts. Since the deliveries yesterday were 1699 then we must have lost a few more contracts for cash. The front delivery month of April saw its oi remain relatively constant, falling from 309,239 to today's reading of 307,686.

The estimated volume today on the comex was rather low at 111,308. The confirmed volume yesterday was normal at 162,617.

And now for silver:

The total silver comex open interest rose from 123380 to 125,287 for a gain of 1907 contracts. You would expect this is due to silver's rise yesterday.

The front options delivery month of February saw its open interest surprisingly jump to 118 from 35 as the bankers allowed some exercised options to surface for air and thus tell us that they have been exercised.

The estimated volume on the silver comex today was normal at 41,496. The confirmed volume yesterday was extremely good at 67,231.

CLICK HERE
to continue reading Harvey Organ's Daily Gold & Silver Report

Tuesday, February 1, 2011

Keiser Report: Dope Economy! Fecal Finance! (E117)



http://www.youtube.com/watch?v=Vj96ZkLpbVI

This time, Max Keiser and co-host, Stacy Herbert, talk about emails showing Bear Stearns cheated clients out of billions. In the second half of the show, Max talks to Nomi Prins, author of It Takes a Pillage, about Goldman Sachs' Facebook deal and more.

Richard Russell - Gold is in the Process of Building a Bottom

Richard Russell - Gold is in the Process of Building a Bottom

With gold and silver off of the recent lows and the US Dollar staying below key support at 78.50, the Godfather of newsletter writers Richard Russell asked this important question, “Will the dollar continue its fall, and will the Dollar Index break below its March 2008 record low of 72.165?”

Russell continues:

“A typical know-nothing article appeared in Saturday's Wall Street Journal. The title of the article was: "Is Gold's Golden Era Over?" The article was accompanied by a chart which shows gold matched with the sluggish Consumer Price Index (CPI). The inference is that since the CPI has hardly budged over the years and gold has surged, that gold is in a fairy-land world of its own.

Of course, we know that the CPI is just another phony government index, an index that fails to reflect the true path of price inflation. The WSJ article tells us, "The price of gold largely reflects sentiment rather than fundamental demand, which is one reason why gold kept rising the past ten years. But speculators already have cut their bullish bets on gold to the lowest level since 2009. Heavier selling, in turn, could beget still more selling."

This is the kind of utter nonsense we read in the media, week after week, month after month. Of course, ironically, the media is doing so-called "gold bugs" an enormous favor. The media has kept the US public out of, or afraid of, gold for years, thus holding back what otherwise might have been a panic by Americans to buy gold. In this way, the media has kept gold cheap, cheap enough so that the so-called gold bugs have been able to accumulate the yellow metal at bargain prices over the years.

The media today never asks why no fiat currency has lasted for long. In 1971 Nixon slammed down the gold window because the government feared that it was losing too much gold. Yet articles continue to appear in the US media, all suggesting that gold is a hyped-up relic of the past, and that even if you like gold, it is far too expensive at its current price.

Gold -- I believe that gold is now in the slow and often confusing process of building a bottom. April is now the active month for gold. The low for April gold on the sell-off was 1311.30. That should represent the extreme low for this consolidation. Sit with all your precious metal positions.

Ironically, the media seldom attacks the dollar or fiat currencies. The media never mentions that fact that most fiat currencies have died within 40 years of their original creation.

Yes, it's a strange, strange world we live in. And I expect the year 2011 will be a year when a great many questions will be answered. Stock market, the dollar, gold, interest rates -- we await your verdicts.

In the meantime, I believe the surest bet is as follows -- the US dollar will continue to lose purchasing power. All else will stem from that phenomenon.”

To subscribe to Richard Russell’s Dow Theory Letters CLICK HERE.

For all King World News readers and listeners globally, I hope you understand the importance of what Russell is discussing here. Should the US dollar continue its decline and take out the lows, you will see a move into gold and silver and a corresponding price rise that will be absolutely shocking to the investment world.

This would result in a panic into hard assets. So far this bull market has been very orderly, this would be a gold and silver market that would be disorderly to the upside, and one that would utterly destroy the gold and silver bears.

Eric King

KingWorldNews.com

POLITICAL & ECONOMIC CHAOS A SGTBull07 Precious Metals Report



http://www.youtube.com/watch?v=vz_qaqf91_0

Monday, January 31, 2011

Huge gold standing for delivery; problems in Egypt intensifies

Huge Gold Standing For Delivery; Problems In Egypt Intensifies
Good evening Ladies and Gentlemen:

Gold closed down today to the tune of $6.90 to $1333.80. Silver refused to tag along with the gold raid and ended up a good 24 cents to $28.17.

There is a lot of information that I will provide you to help with your understanding of the gold and silver market.

Let us head over to the gold and silver comex trading for the 31st of January.

The total gold comex open interest fell by a huge 10,026 contracts falling to 488,926 from Friday's close. This is basis Friday night. The front delivery month of February saw its open interest fall from 42,809 contracts to rest at 17,067.

Please remember that the 17,067 open interest on the front delivery month is Friday's actual open interest before delivery notices were sent out later in the evening. The next big delivery month is April and we saw its open interest rise from 296,055 to 310,079 as it absorbed 14,024 contracts due to the switching from February to April. The estimated volume today was a very respectable 186,270. The confirmed volume on Friday with those major switches was an enormous 335,895 contracts.

And now for silver:

the total silver open interest rose by 792 contracts to 124,343 from 123,501 contracts. The front delivery month of March saw its open interest rise from 64,946 to 65,639. There were no switches in silver.

This next stat is very interesting. The front options delivery month of February saw its open interest revealed at 152. February is not a delivery month so all of these open interests were from options exercised. The estimated volume today was rather good at 58,858.

The confirmed volume on Friday was huge at 83,993. The banking cartel tried to blow away the longs and failed.

CLICK HERE
to read the complete report

Eric Sprott - Expect $50 Silver, Gold Possibly $2,150 by Spring + All 100 Ounce Silver Bars Will be Gone in a Matter of Days

Eric Sprott - Expect $50 Silver, Gold Possibly $2,150 by Spring
January 28, 2011
With gold and silver rallying off the lows today, King World News interviewed Eric Sprott, Chairman of Sprott Asset Management which has $8 billion under management. When asked about the Sprott physical silver trust acquiring silver Eric stated, “We had to go into the market and buy about 15 million net ounces from third parties and it took us about ten weeks. It was a very, very long process and the one thing we can read out of it is obviously there weren’t 15 million ounces sitting around somewhere.” (Click the link above to read more)

All 100 Ounce Silver Bars Will be Gone in a Matter of Days
January 27, 2011
Today King World News interviewed one of the top gold and silver dealers in the United States about tightness in the silver market. Bill Haynes is President and owner of CMI Gold & Silver for and when asked about a shortage in silver he stated, “All of the major suppliers of 100 ounce silver bars are either weeks or months out, some will not even take orders. I had some conversations with a number of people who buy from them, had to dig through the information and some of them revealed that they thought the refineries were having trouble and the manufacturers were having trouble getting the physical product which falls right into the silver shortage.”
(Click the link above to read more)

King World News Broadcasts: 2 Jim Rickards Interviews, KWN Metals Wrap, Eric Sprott & Michael Pento

RIOTS, GOLD, CHINA & RUSSIA BUYING - Jim Rickards: KWN Expert Analyst & Sr. Managing Dir. of Omnis Inc. - Jim’s been a direct participant in many of the most significant financial events over the past 30 yrs. including the 1981 release of hostages from Iran. He was also principal negotiator for the gov. sponsored bailout of LTCM. Clients include private investment funds, investment banks and government directorates in national security and defense. He is advisor to the Committee on Foreign Investment in the US and Support Group of the Director of National Intelligence and testified before Congress on the causes of the financial crisis.


KWN Weekly Metals Market Wrap
: We have added new segments to the KWN Weekly Metals Wrap covering gold, silver, trading and a plethora of other factors affecting the precious metals markets. I am giving King World News listeners globally access to what has long been my weapons in researching where gold and silver are headed directionally along with the COT Report. We Cover the Commitment of Traders Report in detail as well as a number of other factors which can influence the gold & silver market price action.

2011 GOLD, SILVER & MORE - Eric Sprott
: Chairman, Chief Executive Officer & Portfolio Manager of Sprott Asset Management - Eric has over 35 years of experience in the investment industry and manages over $8 billion. Eric has been stunningly accurate in his writings for over a decade, and is one of the highly respected industry professionals who was able to foresee the current crisis. He chronicled the dangers of excessive leverage as well as the Fed bubbles, while correctly forecasting the tragic collapse we are enduring. Sprott Asset Management is one of the top firms in the world and has become well known for creating a gold and silver trust.

GOLD, BONDS, DEFAULT & END GAME - Michael Pento
: Senior Economist at Euro Pacific Capital - Michael is a well-established specialist in the “Austrian School” of economics. A regular on CNBC, Bloomberg, Fox Business, and other national media outlets and his market analysis can be read in most major financial publications, including the Business Insider, Wall Street Journal, etc.. Prior to joining Euro Pacific, Michael worked for a boutique investment advisory firm to create ETFs and UITs sold throughout Wall Street. Earlier in his career, he worked on the floor of the New York Stock Exchange.

DAVOS GOLD STANDARD & NEW DEPRESSION - Jim Rickards
: KWN Expert Analyst & Sr. Managing Dir. of Omnis Inc. - Jim’s been a direct participant in many of the most significant financial events over the past 30 yrs. including the 1981 release of hostages from Iran. He was also principal negotiator for the gov. sponsored bailout of LTCM. Clients include private investment funds, investment banks and government directorates in national security and defense. He is advisor to the Committee on Foreign Investm

James Turk - Gold & Silver Have Reached an Important Bottom

James Turk - Gold & Silver Have Reached an Important Bottom
With volatility continuing in gold and silver, today King World News interviewed James Turk out of Spain. When asked about the action in precious metals Turk responded, “Through Friday’s close on the LBMA, silver remained in backwardation, even by the numbers reported on the LBMA’s site. The strong bounce on Friday after the option expiration combined with the backwardation is clear evidence that silver doesn’t want to stay down here in this area and is ready to move higher.”
Turk continues:

“If we get silver above $28.70, that will reverse the trend followers from short to long. The number on gold is $1,378. This is what is going to take gold and silver to new highs. You will see open interest expanding as people who were shaken out come in and put on long positions.

You have to keep in mind Eric that this little shakeout over the last couple of weeks has done nothing to change the very bullish fundamental factors that have been driving gold and silver higher. Most significantly the CRB CCI (Continuous Commodity Index) is at record highs. There is simply too much money being printed around the world and this monetary debasement is behind the ongoing bull market in gold and silver.

There is a relationship between Brent Crude and West Texas Intermediate with WTI normally trading at a premium to Brent Crude. However, over the last couple of weeks, Brent has climbed to a huge and record premium over WTI and has remained in the high 90’s. At one point Brent was trading as much as $12 higher than WTI which is unheard of.

The significance of the way these two oils are trading is that Brent is a more accurate reflection of global oil prices and is therefore mirroring the record high prices we are seeing in the global food indexes.

Given the usual close correlation between the CCI and global crude oil prices and gold and silver, we can reasonably conclude that the correction in gold and silver is over and that the precious metals are going to start climbing higher.

As further evidence that we have reached an important low, bullish sentiment and the commitment of traders report are at levels seen at important bottoms.”

For those of you who are making monthly purchases of physical gold and silver, continue to do so and do not try to time these markets. Evidence is mounting that both gold and silver are putting in a floor to the downside near these levels. It will be interesting to see how high the next rally takes them.

Saturday, January 29, 2011

Harvey Organ's Daily Gold & Silver Report

Gold and Silver rally/Huge Problems in Egypt/Oil rises
Good morning Ladies and Gentlemen:

Before commencing, I would like to introduce to you, the latest entrants to our famous banking morgue:

We lost 3 banks last night (courtesy of Jim Sinclair)

Bank Closing Information – January 28, 2011
These links contain useful information for the customers and vendors of these closed banks.

FirstTier Bank, Louisville, CO
Evergreen State Bank, Stoughton, WI
The First State Bank, Camargo, OK

http://www.fdic.gov/

end.

Gold closed at comex closing time at $1340.70 up a huge $22.30. In the access market it finished the day a little lower at $1338.50. Silver had a banner day closing up .90 to close at $27.94. Silver and gold were hit in the access market but silve rebounded after being hit hard to close higher at 28.01 up $1.07 for the day.

I would like to go straight to comex trading and see how things of over fared and how those developments will assist you when Monday arrives.

The total gold comex open interest fell by 2226 contracts to 488,926 which is basis Thursday. As Thursday was a huge raid against silver and gold the contraction in open interest was minor. The January options expiry month has now been officially put to bed as it is now off the board. The all important front delivery month of February saw its open interest fall from 99,036 to 42,809 for a loss of 56,227 contracts. These guys switched to the next delivery month of April. This represents 4.28 million oz.

However we must wait to see the final open interest for February and that will occur at 1;30 pm Monday. (remember in OI we are always 1 day back) The estimated volume today was good at 303,300 considering that 56K switched. The confirmed volume on Thursday as promised to you did exceed 400,000 contracts to register a reading of 411,190.

In the silver comex open interest hardly budged down 720 contracts to 124,501. The January options expiry month is now off the board in silver as well. The front month of March saw its open interest fall marginally from 66,113 contracts to 64,946.

It will be exciting to watch this open interest throughout February as we will witness how many will stand in silver for this big delivery month. The volume on the silver comex estimated for yesterday was a very high 73,895. The confirmed volume on the day of the raid on Thursday was 65,602. The bankers did not like what they saw in silver and whacked and whacked but silver pricing remained resolute.

CLICK HERE
to read the rest of Harvey Organ's Daily Gold & Silver Report

The Truth About Markets With Max Keiser & Stacy Herbert

CLICK HERE to listen to The Truth About Markets With Max Keiser & Stacy Herbert

Thursday, January 27, 2011

Harvey Organ's Daily Gold & Silver Report - Huge raid on gold and silver/large silver deliveries/entering February gold delivery month

Huge raid on gold and silver/large silver deliveries/entering February gold delivery month:

Good evening Ladies and Gentlemen:

I am now going to emphasize this to everyone: please do not use any leverage in your investments with respect to gold and silver. You can buy silver and gold on these dips but do not leverage your bet as the banker gangsters will separate you from your hard earned dollars. You are going to see a big disconnect between the paper gold and silver and the real physical stuff. The end game is being played out due to the global rush into these precious metals instead of trusting paper.

Gold closed today at comex closing time at $1318.40 for a loss of $14.60. Silver at first resisted then succumbed on the downward pressure from gold losing 9 cents to $27.04 after rising to $27.75 early in the day.

Let us go straight to the comex trading and see the internals.

The total gold comex open interest fell by 14,825 contracts (basis yesterday). We must have had some bank short covering. The front options delivery month of January saw its OI register 13 and with only 9 deliveries today, the 333 OI of yesterday was totally bogus as I figured. The front delivery month of February which is of great interest to all, fell from 146,812 to 99,036 contracts as the February contract went off the board. Options also expired last night. The banking cartel as is their usual modus operandi of late, they raid the day after options expiry right up until first day notice which is on Monday. Notices are sent down Monday for servicing on Tuesday. Expect massive volatility from now until the 31st of January.

The estimated volume today was enormous at 350,090. My bet : the confirmed volume tomorrow may breech 400,000. The confirmed volume yesterday was also very high at 301,311 with quite a few rollovers.

and now for silver:

The total silver OI fell marginally by 1000 contracts falling from 125,229 to 124,221. The front options delivery month of January saw its OI fall from 113 to 101. We had 126 deliveries yesterday so all of the fall was due to the deliveries and many more options were exercised and revealed to us. The front March delivery month saw its OI remain resolute falling a tiny amount from 66,934 to 66,113. The estimated volume today was fair at 54,954. The confirmed volume yesterday was also mediocre at 56,023. There were no switches on the silver.

CLICK HERE
to read Harvey Organ's Full Gold & Silver Report

Do gold and silver still retain their lustre as an investment? BNN asks Eric Sprott, CEO, Sprott Asset Management.

http://watch.bnn.ca/business-day/january-2011/business-day-january-24-2011/#clip406470
Do gold and silver still retain their lustre as an investment? BNN asks Eric Sprott, CEO, Sprott Asset Management.

http://watch.bnn.ca/business-day/january-2011/business-day-january-18-2011/#clip403553
BNN speaks to David Franklin, Market Strategist at Sprott Asset Management CEO of Sprott Private Wealth.

Keiser Report: Bono money stealing inspiration (E116)


http://www.youtube.com/watch?v=bjNUYvDK99E
This time Max Keiser and co-host, Stacy Herbert, talk about accounting tweaks and super cycles. In the second half of the show, Max talks to Michael 'Woody' O'Brien about the gold standard and silver.

China Plays Europe Card, Ramifications of Chinese Dollar Swap Facility by Jim Willie

http://www.marketoracle.co.uk/Article25878.html
However, China has three advantages over the US that stand out. They have $2.65 trillion in savings, rainy day money in a war chest. They have a vast industrial base, courtesy of the US, the West, and Japan, which donated the technology for the fabled disastrous low-cost solution. They have an expanding middle class. Neither the US, the UK, nor Western Europe has anything remotely similar to these three benefit allowances. It is slowly becoming clear that the US granted the Most Favored Nation status to China in return for massive gold & silver swaps to the USGovt. The Wall Street fraud kings illicitly sold the leased bullion into the market, to sustain the American fiat paper congame, and thus a betrayal to the Chinese.

The Beijing leaders are highly motivated to unseat the Anglo bankers from their perched throne, emboldened by vengeance. The betrayal was to the American people also, since waves of jobs went to China from US shores, since the US sold not only its own Fort Knox gold inventory, but Western Europe's also, then China's to boot. Those who believe the USGovt has any gold reserves at all should donate their cerebrums to science while still alive, a euthanized suicide. The USGovt in all likelihood is in possession of less than zero gold, owing both Europe and China massive amounts. It is the American ticket to the Third World, paved by lost industry, locked by vast debt, assured by broken economic principles blessed by high priest heresy. The US banking leaders still believe the US can revive itself by the flood of more debt and stronger consumer spending, without a clue of what legitimate income means or where it comes from.

A Decade of Gaining 18% A Year, Some 'Relic' - The Lows Of This Manufactored Correction Will Be The Lowest Lows We Will See In 2011 - John Embry

A Decade of Gaining 18% A Year, Some 'Relic' - The Lows Of This Manufactored Correction Will Be The Lowest Lows We Will See In 2011 Take Advantage Of This Opportunity - John Embry Sprott Assets
http://www.sprott.com/Docs/InvestorsDigest/2011/MPLID_012811_pg003Emb.pdf

"Gold is money. Everything else is credit." - JP Morgan

Harvey Organ - Gold and silver rise with FOMC announcement/CBO adjusts budget deficit to 1.5 trillion dollars

Gold and silver rise with FOMC announcement/CBO adjusts budget deficit to 1.5 trillion dollars

Good evening Ladies and Gentlemen:

Today at 2:15 pm the Fed made their announcement and basically they announced that the economy was soft and that QEII will continue to add stimulation to the economy. I would like to inform you that the Fed will engage in QEIII and then QE iv ad nauseum . Do not be fooled that the USA is looking at ways to exit their massive infusion of cash. It cannot and will not happen. The government has receipts of 2 trillion dollars and yet spends 4 trillion dollars. The deficit must be financed somehow and it is this money that becomes the QEII, III Iv etc. Please keep this in the back of your mind and never let the boob tube change your thinking on this matter.

Let us see how things fared at the comex:

Gold closed at closing time 1:30 (comex closing time) at $1333.00 up 80 cents on the day. Silver on the other hand add a much better day rising by 32 cents to $27.13. However at 2:15 with the news of continued QEII and the revised CBO budget deficit, gold took off in the access market and right now it is trading at $1342.80. It did hit 1348.00 an hour ago. Silver this minute is trading at $ 27.62.

Here is a summary for the gold comex trading:

The total gold comex OI rose by 7049 contracts to 506,047 from yesterday's recorded open interest of 498,998. I guess the recorded drop in OI yesterday was real. The front options delivery month of January saw the strangest of all events today. It saw a massive increase in its OI from 9 contracts yesterday to 333. Many are saying this is real. It find it totally unbelievable that this quantity of exercised options were finally reported by the CME. The front February delivery month saw its open interest fall from 176,672 to 146,812 as these fellows rolled into the next big delivery month of April. I would like to point out another strange trading factoid: the volume on the February gold contract exceeded the total open interest for February. I guess the regulator boys will overlook this detail in the surveillance. The estimated volume today was normal for the end of a non delivery/entering a delivery month January entering February. The estimated volume was 224,040 contracts. The confirmed volume yesterday was a very high 306044 where we witnessed the huge 81000 drop in open interest.

On now onto our famous silver comex trading;

The total comex silver open interest saw a drop of 2999 contracts from yesterday's level of 128,228 to 125,229. I think this is very bullish for silver. The front options delivery month of January saw its open interest fall marginally from 179 to 113 contracts for a fall of 66 contracts. However yesterday's deliveries were 126 so all the fall was for these deliveries.

CLICK HERE
to read the full report

Tuesday, January 25, 2011

Stunner: Gold Standard Fully Supported By... Alan Greenspan!?



Stunner: Gold Standard Fully Supported By... Alan Greenspan!?
You read that right. After such establishment "luminaries" as World Bank president Robert Zoellick, Warren Buffett's father Howard, Jim Grant, and, most recently, Kansas Fed president Thomas Hoenig, all voiced their support for a return to a gold standard, the most recent addition to the motley group of contrite voodoo shamans is none othe than the man who is singlehandedly responsible for America's addiction to cheap toxic credit, who spawned such destroyers of the middle class as the current Chaircreature, and who currently is the chief advisor in John Paulson's crusade to gobble up every ounce of deliverable physical in the world: former Fed Chairman - Alan Greenspan! In an interview with Fox Business, the man who refuses to go away into that good night: "We have at this particular stage a fiat money which is essentially money printed by a government and it's usually a central bank which is authorized to do so. Some mechanism has got to be in place that restricts the amount of money which is produced, either a gold standard or a currency board, because unless you do that all of history suggest that inflation will take hold with very deleterious effects on economic activity... There are numbers of us, myself included, who strongly believe that we did very well in the 1870 to 1914 period with an international gold standard." And a further stunner: Greenspan himself wonders if we really need a central bank. Now our only question: why couldn't the maestro speak as clearly and coherently during his tenure which resulted in our current near-terminal financial state. And as a reminder, courtesy of Dylan Grice, if and when we do get a return to a gold standard there would be a need to reindex the monetary base to a real time equivalent price of gold, putting the price of the precious metal at about $6,300: "The US owns nearly 263m troy ounces of gold (the world's biggest holder) while the Fed's monetary base is $1.7 trillion. So the price of gold at which the US dollars would be fully gold-backed is currently around $6,300." And here you have people worried about day trading volatility...



h/t Mike Krieger

Keiser Report: China + Yuppies = Chuppies (E115)


This time Max Keiser and co-host, Stacy Herbert, talk about China's ultimate yuppies, America's sheetmetal workers' union and a hundred trillion in new credit. In the second half of the show, Max talks to Reggie Middleton of Boombustblog.com about the foreclosure crisis and those lucky to miss out on Goldman's Facebook deal.

Saturday, January 22, 2011

Harvey Organ's The Daily Gold & Silver Report - Silver in Backwardation in London, silver OI refuses to fall/margin levels rise in silver/gold

http://harveyorgan.blogspot.com/2011/01/silver-in-backwardation-in-london.html
Silver in Backwardation in London, silver OI refuses to fall/margin levels rise in silver/gold

Good morning Ladies and Gentlemen:

Before we start our regular commentary, I would like to inform you that 4 banks entered the banking morgue last night:

1. Community South Bank of Easley South Carolina

2.United Western Bank of Denver Colorado

3. Bank of Asherville, Asherville, North Carolina

4.Enterprise Banking Company, McDonough Georgia,

I wrote to the CFTC voicing my concerns over many matters. I am open to your comments You will notice that I sent it to only 4 commissioners. I left out Bart Chilton. From: harveyorgan@rogers.com

To: GGensler@cftc.gov, somalia@cftc.gov, MDunn@cftc.gov, JSommers@cftc.gov

Subject: Position limits and elimination of exemptions. Date: 1/20/2011 9:40:56 P.M.

I am rather disappointed that you have allowed the major banking short interests to continue with their fraudulent and manipulative practices in the precious metals. You have allowed another 60 days of massive shorting by the bankers to allow for yet another public input. The public for the past 2 1/2 years have bombarded you with millions of emails with the hope that you will see the light and put position limits on silver and eliminate the phony exemptions. Mr O'Malia was the lone dissenter on your latest vote voicing his concern that the swap books on JPMorgan once opened would be a shock and that the CFTC would not know how to handle the situation. It has been my contention all along that the major short, is in reality the Chinese government who lent their hoard of silver in support of the suppression of gold. It would be difficult to suppress gold while allowing silver to advance in price. The gold was supplied by central authorities. The USA ran out of silver in 2003 and in order to receive most favoured nation status, the Chinese have done a swap with the USA with a date certain to re-swap. It is quite conceivable that the Chinese have asked for their silver back but were refused as global supplies for silver are vanishing.

Yesterday, the USA Mint announced a record 4.6 million oz of silver eagles sold in the first 3 week period of January which is a record. The USA produces 40 million oz from their mines so for the first time, the USA must import silver from the rest of the world to satisfy the mint's requirements.

The comex is witnessing massive movements of silver into and out of registered vaults signifying turmoil as this silver is putting out fires in other jurisdictions. In gold we are witnessing the opposite. How on earth is gold being settled?

What is even more troubling to me is this:

How could you even discuss position limits and the elimination of exemptions without first telling us what happened in July 2008 which caused you to bring in the enforcement division of the CFTC? Mr Chilton has decided to act unilaterally in proclaiming one trader, JPMorgan, with fraud, and from his statement to the press, major class action law suits have been initiated and filed.

It is frustrating to many of us who witness time and time again massive un-backed paper driving the commodity price of silver and gold down like today. I guess the CFTC's motto that the futures market is a price discovery mechanism is out the window. Mr Dunn has stated that he needs more manpower to try and catch manipulation. Yet when a whistle blower is presented to you and this person describes in detail the accounting of how the crime has been committed in the past and how it will happen in the future and yet you refuse to listen to this gentleman.

Mr Sprott of Sprott Asset Management is having a tough time trying to find any physical silver for his silver fund and yet the bankers massive sell huge amounts of paper silver. The SLV also has liquidated massive amounts of "paper silver". The real stuff is difficult to find in quantity.

Sooner or later, this fraud will end and I guess there is going to be a lot of explaining to do.

I urge you to do the right thing and order JPMorgan and friends to stop this massive fraud and manipulation immediately.

Harvey Organ.

Late Thursday night the CME ordered margin requirements to rise in gold and silver with a sprinkling of other commodities thrown in. The target in this matter was to a lesser extent gold but most assuredly silver.

First the announcement and commentary courtesy of Zero Hedge:

Inflationary Guerilla Tactics Resume As Comex, Nymex Hike Margins On Gold, Silver, Cracks, Spreads And Other Products

Submitted by Tyler Durden on 01/20/2011 20:11 -0500

Wonder why the smart money was rushing headlong out of gold and silver over the past few days, and especially today in the AM session? Here is your answer: in tried and true fashion the Comex just hiked margins in gold, and silver by about 6%, and threw in a few other commodities to mask things up. And unlike the last time it did it, when it could at least pretend to justify its actions with the surge in gold price, this time with the PM complex dropping, we wonder what excuse the CME will use this time. Initial and Maintenance margins were just increased in everything from 10 Tr Oz Gold Futs, Comex 100 Gold Futures, Comex Miny Gold and Silver, E-mini Gold and Silver, Comex 5000 silver futures to Silver trade at settle. Also added were Copper, Iron Ore, propane, butane, and other nat gas. Most notably, and confirming that the administration and the money printing authorities are terrified by the surge in crude, the CME also hiked margins in various refined products and coal. The official scramble to "contain" the aftermath of Bernanke's lunacy is accelerating. We wonder when REDI, Prime Brokers and E-trade will comparable collapse purchasing margin for stock trading accounts. Of course, as with all other such superficial market interventions, the impact is shallow and is overrun in a matter of days.

And no...there was absolutely no leak this time. We promise.

-END-

Please note that the raising of margin requirements came after huge raids and the price of these precious metals had been hit pretty hard. You generally raise margins when prices are reaching their pinnacle not when they have fallen off. The higher margins would have hurt our bankers in the pocket book as the total short position was getting quite high. The object of the exercise was to get a huge downdraft in the price as the bankers were getting quite desperate especially in silver. Wait until you see the open interest and you can judge for yourself..the exercise failed miserably.

Gold closed on Friday, down $5.50 to $1341.00 Silver closed down only 4 cents to $2745 much to the chagrin of our bankers. The attempted downdraft failed due to the heavy purchase of physical metals around the world. Many are starting to see the total disconnect between the paper silver and gold world from the real physical world

Let us see how things fared over at the comex yesterday.

The total gold comex open interest fell marginally by 3229 contracts to 578,484. The open interest has fallen from the very low 600 thousands to 578,000 with a drop of over$ 80.00 in gold price. The bankers needed a much larger cleansing of open interest in the gold complex.

The front options delivery month of January saw its open interest fall from 27 to 14 for a drop of 13 contracts. The deliveries on Thursday was 5 so we somehow lost 8 longs for no apparent reason. The all important front delivery month of February saw its open interest fall marginally from 244,371 to 225,141. First day notice is a week away and I will be watching this closely for you. The estimated volume for Friday was a rather robust 191,067. The confirmed volume on Thursday, the day of the monstrous raid was a huge 301,125. The banking heroes certainly had their fun supplying this massive un-backed paper.

In silver, the total open interest fell ever so slightly from 136,552 to 135,841 for a drop of only 711 contracts. The bankers knew this already by 4 pm Thursday. They called on the CME to raise margin requirements in the hope that they could be bailed out. They failed miserably as the fall in price of silver was tiny. The front options delivery month of January saw its open interest rise from 25 to 65 for a gain of 40 contracts. On Thursday, we saw only 17 deliveries so mysteriously we gained some options that were exercised for physical metal. The front delivery month of March saw its open interest remain resolute at 71,722 dropping only 241 contracts. The estimated volume yesterday was quite small at 68,916. The confirmed volume on Thursday was extremely high at 102,818.

CLICK HERE to keep reading

Eric Sprott Interviewed by David Morgan of Silver-Investor.com

http://cache.silver-investor.com/video/11-24-10-PremiumWebinar/11-24-10-PremiumWebinar.html

King World News Weekly Metals Wrap + New Interviews

KWN Weekly Metals Market Wrap: We have added new segments to the KWN Weekly Metals Wrap covering gold, silver, trading and a plethora of other factors affecting the precious metals markets. I am giving King World News listeners globally access to what has long been my weapons in researching where gold and silver are headed directionally along with the COT Report. We Cover the Commitment of Traders Report in detail as well as a number of other factors which can influence the gold & silver market price action.

2011 GOLD, SILVER & MORE - John Hathaway
: Director and Senior Managing Director of Tocqueville Asset Management - John is Portfolio Mgr. and a member of the Investment Committee at Tocqueville Asset Management L.P. He is also a Dir. of Tocqueville Mgmt. Corp., the General Partner of Tocqueville Asset Management - John has almost 4 decades of investment experience and is also known internationally for his writings about the U.S. economy, gold, silver, commodities and much more. He is one of the most respected institutional minds in the world today regarding gold. Degrees from Harvard, University of Virginia and a CFA...

BREAKING NEWS: $100 TRILLION NEW DEBT - Jim Rickards:
Senior Managing Director of Omnis Inc. - Jim has been a direct participant in many of the most significant financial events over the past 30 years including the 1981 release of hostages from Iran. He was also principal negotiator for the government sponsored bailout of LTCM. Clients include private investment funds, investment banks and government directorates in national security and defense. He is advisor to the Committee on Foreign Investment in the United States and Support Group of the Director of National Intelligence and testified before Congress on the causes of the financial crisis.

Thursday, January 20, 2011

Gold should hit $2000 this year - John Embry Sprott Asset Management's Chief Investment strategist likes gold but prefers silver and is very positive

http://www.mineweb.com/mineweb/view/mineweb/en/page96990?oid=118782&sn=2010+Detail&pid=110649

Mike Krieger Explains Why Fiat Money is Immoral - ZeroHedge.com



Mike Krieger Explains Why Fiat Money is Immoral


At the Sanford Bernstein conference several years ago Joseph Stiglitz spoke and said a good and healthy financial system is a small financial system. I couldn’t agree more. This is especially the case in a purely fiat money system. Money is too important to allow greedy children in expensive suits on Wall Street and dangerous academics at the Fed to play around with. I do not claim to know what the ideal money system is but I want to be very clear on this point. If we have a fiat system like today the banks should be the most regulated industry on the planet and operate like utilities. They are supposed to help the productive economy innovate and create wealth. They are not supposed to be parasites that suck the lifeblood out of the real economy and compose 16% of the weight in the S&P500 (only technology is bigger at 17%). Something is VERY, VERY wrong here.

Silver Spreads: Contango Crush Update - ZeroHedge.com


Silver Spreads: Contango Crush Update

A Continuation from Yesterday’s Story: Silver Contango Crushed – Short Squeeze Imminent or Position Limit Ruling Fall Out? (below)

Courtesy of FMX Connect

Silver spreads continue to sell off on Thursday. So far, any theories that weaker spreads are ultimately bullish for the physical metal have to be viewed suspiciously. We spoke with a couple of traders on the topic and our revised possibilities list is as follows:

Points

Silver spreads are being sold because..

1. There is a physical short squeeze coming.
2. The appearance of a short squeeze was manufactured as an exit strategy for a long to get out.
3. Spreads are being messed with in light of the CFTC position limit ruling.
4. Two-year silver rusts and spot silver doesn’t.

Counterpoints

1. Why is the market lower?
2. It’s an awful lot of money to spend to camouflage your selling. Millions,upon millions of dollars.
3. This theory remains entirely possible but the kind of sophisticated funds affected by the new regulation probably wouldn’t puke that way unless they were blowing out.
4. We’re no chemists, but we suspect this statement is somehow inaccurate.

For the time being, we can not discount that there is a short squeeze coming but more information is needed before we can know for certain. If a bullion dealer is selling spreads because they anticipate making delivery we think we’d probably be the last to know, that’s why we are think it is more likely than not that this a charade. Whatever the message may mean, it is certainly expensive to send.

There is one other theory worth mentioning. The most important thing to know is that history does not repeat itself but it sometimes hums a similar tune. What happened in 1997 we do not think will happen again, exactly the same way. In 97 spreads collapses and the market screamed higher, there was no misinterpretation of the signal. We think someone is being fooled or making a mistake, we just don’t know exactly how yet. There may be a sap at the table, but his identity is unclear for the time being.




FMX Exclusive: Silver Contango Crushed – Short Squeeze Imminent Or Position Limit Ruling Fall Out?





Courtesy of our friends at FMX Connect.

Silver Contango Crushed – Short Squeeze Imminent or Position Limit Ruling Fall Out?

In silver, the contango was hit hard about 3 AM this morning with 2 year futures coming in as much as 15 cents relative to spot. The Z11/Z12 futures spread settled 21.40 yesterday and the market today is 13/15. The H/Z futures spread settled 19.2 The market today is 9/11.

What could cause this?

Factually speaking, 2 reasons cause contango to collapse. The first is interest rates and interest rates would have to decrease a large amount for this type of move in the spreads. The second is delivery concerns. When a producer, bullion dealer, or speculator is short the front month, come expiration, it has a a choice: make delivery or don’t make delivery. There are 2 ways to avoid making delivery, Reissuing, which is essential covering shorts, and deferment. Deferment involves leasing the metal from someone else or rolling your short to a back month.

Last time we saw a contango move this significant was in 1997 before Warren Buffet took delivery. While more information is needed, and this could be a fake out we think the spread’s move is important. It happened during Asian hours and the Asian market has shown strong physical demand. If this continues in conjunction with higher lease rates you will more than likely see a short squeeze. There is another less exciting reason it could be happening. Additionally, it could be related to the CFTC position limit ruling. Silver position limits will be implemented in 2 tiers. The first tier is a limit on front month contracts. The 2nd tier limits the aggregate number of contacts for all back months combined. Someone could just be moving their position around to deal with the new regulatory structure. Our conclusion is that we are going to have a short squeeze or increased volatility in the spread market as major players shuffle their open interest around. Stay tuned..

Keiser Report: Corrupt Kleptocracy


This time Max Keiser and co-host, Stacy Herbert, talk about fiscal pathology, Bill Daley 'getting it done' and oil prices role in the UK trade deficit. In the second half of the show, Max talks to David Malone, author of The Debt Generation

Tuesday, January 18, 2011

Gold and Silver Rise In Price Open Interest Rises - Harvey Organ's Gold & Silver Daily Report

Tuesday, January 18, 2011
gold and silver rise in price open interest rises:

This will be short as my computer has been compromised.

I will just discuss the comex trading for today:

The total gold comex interest rose 2039 contracts to 592,817 from 590,817. The January open interest rose from 50 to 128. The front delivery month of February saw its open interest fall marginally from 277,338 to 269,770. The estimated volume for today was a rather high 188,481. The confirmed volume for friday was 230,606.

The silver comex OI rose by 1048 contracts from 135,881 to 136,929. The front January options expiry month saw its OI rise from 34 to 59. The front delivery month of Maarch was its OI rise from 73,626 to 75,575 which really shook our bankers.

The estimated volume for today was 56,551. The confirmed volume for Friday was 81,402.

There were 113 notices served for gold. The total number of notices served thus far this month total 593.

In silver, the total number of notices served equates to 28 and the total number so far this month total 431.

In gold the total number of gold oz standing in this delivery month is as follows:

59300 oz (already served) + 1500 oz (to be served) = 60,800 oz The number of gold oz standing is rising.

In silver: the total number of silver oz standing:

2,155,000 + 155,000 oz = 2,310,000 oz. Again this number is rising.

as for inventory movements;

In silver. the customer received 599,154 oz. but also withdrew 263,994. The dealer received 381,803 oz. The chaos in the silver comex continues.

In gold: the customer received 67,108 oz and withdrew 129 oz.


Sorry for the trouble. I am now sending my computer to fix.

I am having a great difficulty in accessing my blogsite.

Harvey

US Mint Reports January Silver Sales Hit 26 Year High -ZeroHedge.com


US Mint Reports January Silver Sales Hit 26 Year High


When we had last checked on the total silver sales by the US Mint earlier today, the amount given was 3,407,000 ounces, a number which we had earlier speculated would be a monthly record if sales were maintained at the current pace. And as the number had not been updated we assumed that "either buying interest has ceased overnight (unlikely), that the mint is not updating its numbers (likely), or, worse, that the Mint has now stopped selling any form of silver for reasons unknown." Indeed, the result was the likely one, and following a quick check today on US Mint sales confirms that sales have once again surged following the Mint's delayed update. As of today they stood at a whopping 4,588,000, or nearly 1.2 million ounces sold in a few short days. This represents the biggest monthly total sold by the US Mint going back to 1986 when the Mint disclosed its first monthly sales record... And the month is not even over yet. In other words in just the first three weeks of January, the mint has sold more silver than in any month in its history according to its public records going back 26 years.

So the bad news is that while the bulk of Scotia Mocatta's silver bars continue to be sold out (and just the Valcambi 1kg bar is shown as available), the good news is that the kind folks at BullionVault were good enough to advise us that their physical silver inventory is now back and is on line (and contrary to our previous notification, the firm's physical shortage was not in Germany but in England, where its vaults are located) so our England-based readers can go ahead and purchase at will from said location.

Keiser Report: Insane Insanity! (E113)


This week Max Keiser and co-host, Stacy Herbert, talk about the insanity of monetary policy, Jamie Dimon on municipalities going bankrupt and firearm finance in America. In the second half of the show, Max talks to economist, Shir Hever, about the what the Wikileaks cables reveal about the economy of occupation.

Monday, January 17, 2011

The Gold Standard Journal

http://goldstandardinstitute.org/GSI/wp-content/uploads/2010/06/TheGoldStandardJournal.pdf
"The reality is that the Gold Standard is NOT for the rich… just the opposite. Under Gold, a wage earner gets a true value for his work, either in Gold coins, or Silver. These coins do not depreciate, they are never defaulted on, indeed history shows that they tend to increase their buying power over the years. By contrast, paper 'legal tender' is constantly losing value… the only question being how quickly; over decades, years, or a la Zimbabwe and Weimar Germany, days! Holders of paper money always lose, the only question being how quickly; over decades, years, or days."

King World News Blog Posts

Ben Davies - Fears: Social, Economic & Financial Eventualities
January 18, 2011
With the financial world seemingly lurching from one crisis to another, Ben Davies, CEO of Hinde Capital eximanines his “fears” about social, economic and financial eventualities. This is a portion of a brand new 45 page report from Hinde Capital titled, “None Shall Sleep.”

To Read more please Click Here on Hinde Capital’s Latest HindeSight Letter discussing events for 2011.

Richard Russell - Gold Bull is Angry, Shaking Off Late-Comers

January 17, 2011
With gold and silver weaker in overnight trading, Richard Russell recently commented, “I keep wondering if we're now in the "scary correction" phase of the gold bull market. This is the juncture where gold scares hell out of everybody, prior to its final speculative phase. The gold bull is angry,...

European Silver Shortage Spreads To UK - ZeroHedge.com


European Silver Shortage Spreads To UK

On Friday we disclosed that major PM distributor, retailer and trading house BullionVault.com had run out of physical silver inventories in Germany (and possibly elsewhere) and was advising clients to seek the precious metal elsewhere. Today, we find that the UK joins Germany in what is now becoming the second round of the global silver shortage (the first one occuring in May 2010 when it was unclear just how the ECB would deal with insolvent PIIGS). Below is the warning by British BullionByPost notifying clients that the company currently has no silver bars in stock. Inventories are expected to be restocked later in February. In the meantime, as before, we urge customs agents to do a quick check of the cargo hold of all private jets (and time shares) registered to any banker making over $25 million. After all, surely the Tunisian president didn't come up with the idea to flee with 25% of Tunisia's gold entirely on his own.

THE RULING CLASS VS LIBERTY : a SGTbull07 Micro Doc


The precious metals paper ponzi will collapse suddenly and with little warning.

Friday, January 14, 2011

BullionVault.com Runs Out Of Silver In Germany - ZeroHedge.com


BullionVault.com Runs Out Of Silver In Germany


With the US Mint selling silver at an unprecedented pace, it was only a matter of time before the silver shortage would be spotted across the Atlantic, where distributors ran out of both gold and silver on a daily basis during the first time Europe became insolvent some time in early May 2010. Sure enough, BullionVault.com has announced that it has run out of silver in Germany "due to high demand." In the meantime, the CFTC's actions have succeeded in allowing the JPM's suppression of precious metals markets to continue indefinitely, yet all its actions have really done is to provide a short-lived lower cost basis for the precious metals as there is no indication demand is subsiding. At some point the margin calls will come. Then not even Gary Gensler will be able to bail out JPM (we wish we could say the same about Ben Bernanke to whom JPM's role as head of the tri-party repo clearing market is irreplaceable in maintaining an orderly shadow liquidity market).

$28 Should Hold on Silver, After Final Move Down

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/1/14_$28_Should_Hold_on_Silver,_After_Final_Move_Down.html

King World News New Interviews + Weekly Metals Wrap

FOOD RIOTS, CURRENCY DEBASEMENT & MORE - Art Cashin: Dir. of Floor Ops. UBS Financial Services & CNBC Market Commentator - Art’s been on Wall Street for over 40 years, he offers valuable insight to both investors and traders. When he started in the industry, the Dow Jones Industrial Average was actually in the 700-800 range. He shares his analysis and gives the pulse of the market from the floor of the New York Stock Exchange. Art is one of the most respected people in the world regarding analysis of the...

GOLD, SILVER, EUROPE & HYPERINFLATION - Ben Davies
: CEO & Co-Founder of Hinde Capital - Rising star Ben Davies gives an excellent interview on the recent troubles in Europe and gives KWN listeners a sneak peak of what he expects for gold going forward. Ben also discusses his upcoming piece in more detail. Davies ran trading for RBS Greenwich Capital in London where he managed a macro portfolio. Ben Davies and Mark Mahaffey, former colleagues from RBS Greenwich Capital, established Hinde Capital in early 2007, primarily to focus on the precious metals and the commodity sector.

The KWN Weekly Metals Wrap
- We have added new segments to the KWN Weekly Metals Wrap covering gold, silver, trading and a plethora of other factors affecting the precious metals markets. I am giving King World News listeners globally access to what has long been my secret weapons in researching where gold and silver are headed directionally along with the COT Report. We Cover the Commitment of Traders Report in detail as well as a number of other factors which can influence the gold and silver market price action

Thursday, January 13, 2011

Harvey Organ's Daily Report - Gold raid temporarily rebuffed, silver falls slightly..then huge raid in the access market -

Gold raid temporarily rebuffed, silver falls slightly..then huge raid in the access market.

Good evening Ladies and Gentlemen:

When Dennis Gartman opens his mouth and states that he is selling some of his gold and/or silver positions, you know for sure that a big raid is being orchestrated by our banking crooks.

To do so, on the day of the vote for position limits and removal of exemptions by the CFTC commissioners, has to rank as total "chuztpah" (translation: nerve) by JPMorgan and friends.

Gold at closing time comex rose by $1.20 to 1,386.90. Silver, however lost 28 cents to $29.25. However after the comex closed, our heroes sold massive amounts of paper with basically no counterparty as the access market is generally thin with traders.

Thus it is very easy for our crooks to knock the price down to anything they want. Right this minute at 5:45 pm est, the price of gold is: $1374.00 and silver is below 29 dollars at $28.74. Hold on to your hats as tomorrow will be an extremely violent day pitting massive buyers like the sovereign wealth funds against the sellers, the banks. All of the selling is un-backed gold and silver. Physical metals are very tight. As you can see there is huge disconnect between paper gold and silver and the real stuff.

Let us head over to the comex trading and see what transpired today:

First gold:

The total gold comex open interest rose by 1189 contracts to 589,368 from yesterday's level of 588,179. The bankers get quite worried if the total OI rises above 600,000 contracts. The front options delivery month saw its OI rise from 50 contracts to 87.

The front delivery month of February saw its OI fall ever so slightly from 297,587 to 290,364. This alarmed our bankers to no end. They want to see more contracts roll out of February and into April. The estimated volume today was a whopper: 220,267. Tomorrow this number will be even higher. Yesterday, the confirmed volume was a huge 192,602 almost 30% higher than original estimates. The volume today indicated that the bankers were intent to keep gold below the 1400 dollar level.

And now silver:

The total silver comex open interest rose by 728 contracts from 136,331 to 137,059. The front options delivery month of January saw the OI rise from 54 to 75 contracts. The front delivery month of March saw its OI surprisingly rise from 73,563 to 74,309.

Obviously we are getting no switches in the silver arena. The estimated volume today was a rather large 63,216. The confirmed volume yesterday was a very respectable 49,584. The bankers were very alarmed at the total OI and the March OI.

CLICK HERE
to the rest of Harvey Organ's Daily Gold & Silver Report