Market News, Analysis, and commentary primarily on the precious metals markets, gold, silver, mining.
Showing posts with label Silver. Show all posts
Showing posts with label Silver. Show all posts
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
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.
Sunday, February 13, 2011
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.
Wednesday, February 9, 2011
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
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
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
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
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
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)
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
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
Sunday, January 30, 2011
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
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
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
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
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.
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
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
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
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