The intensity of the banks’ attacks on gold and silver prices have been long, drawn out, and merciless.
Since 2011, the banks have been hitting completely “below the belt”. They are are now All-in on their efforts to cap gold & silver, because this time they understand: it’s for all the marbles.
Why have the precious metals been massacred since 2011?
The fate of the US dollar as global reserve currency hangs in the balance.
Click here for more on why gold & silver have been massacred since 2011:
Silver and gold have an upside down rocket attached to them and they have been speeding downwards ever since they made their highs in 2011 and 2012, respectively.
Never mind the fact they are spoken for and used up as soon as they hit the market, never mind the fact they are hard to amass in great quantity, never mind the fact demand is high and production is steady.
What happens next is like the final act of a masterful play.
Look for this depressing scenario in the precious metals markets to continue for another 12 months and then, WHAM!!, worldwide economic collapse- the commercials crash silver and gold, flip their short positions to long cashing in near the bottom and stripping massive amounts of money away from the little people in the process (they always do).
I fully expect there to be some ups and downs before that worldwide economic crash.
I use no caution whatsoever in urging everyone to liquidate as much paper as possible and buy physical silver and gold at these prices.
Yes, the depression is going to last another year but after that no one will be able to buy ANY PHYSICAL once the world wide collapse is in full swing.
Click here for more from Marshall Swing on why there will be no major PM upswing prior to the coming dollar collapse:
This year some 900,000 oz of silver on average have moved into or out from these six warehouses on a daily basis.
The daily average movement of silver into and out from the COMEX silver warehouses at 900,000 oz is equal to 28% of total world daily mine production.” -Ted Butler
Over 1 in every 4 ounces of silver that planet earth will bring out of the ground this year, will be shuffled through the vast halls of Comex warehouses. Over 1 in 4. The Comex system has gone from moving perhaps 1 million ounces of silver per week, to moving nearly 1 million ounces…per day! In fact, in just the last two business days, the Comex has moved over a whopping 4 million ounces of silver!
As prices continue their descent for both gold and silver, it’s more important than ever to keep a clear focus on the implications of this price action, not just for investors like us(which are obvious), but also for those trying to orchestrate it. It’s all a game of ounces in the end, for these banks, after all. They must bring enough physical metal to deliver on their exchanges, both to investors, and to the industrial users. There’s no “Plan B”.
Since both sources of demand won’t back off from their record level purchases, the bullion banks realize that they simply have to bring even more product to market. Their backs are against the wall here. The moment the metal is not delivered to some large customer in size, is the precise moment the end to this game will begin. That’s the Catch 22 of the situation though: the banks want lower silver prices, yet the lower the price goes, the more threatened their constant source of supply becomes.
The banksters are Trapped Like Rats
Click here for more on why the Silver Noose is Tightening on the Banksters:
Gold analyst Bo Polny has been predicting since May that gold will trade at $2,000 in 2014.
In the wake of the latest smash to $1225, is Bo changing his tune and will we soon see gold place a new low below $1180, or is gold’s next stop still an astonishing $2,000/oz with only 3 months remaining in 2014?
Click here for Bo Polny’s latest on whether gold is still headed to $2,000/oz in 2014:
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On the 13th anniversary of the 9/11 tragedy, Tod Fletcher of Consensus911.org joins us for a power packed show, discussing:
- Latest PM smash as gold trades down towards $1225 and silver breaks $18.50: did the metals FINALLY bottom overnight Thursday into Friday, or is a capitulation crash coming on the Sunday night Globex session?
- First signs of renewed silver shortage appear along with DOZENS of new FIRST TIME SILVER BUYERS contacting SDBullion to enter the market Thursday and into Friday- a sign the 3 year correction is ending?
- The smoking gun that 9/11 is a Conspiracy FACT
- Tod reveals his view on the MOTIVES behind the largest False Flag attack in US history- was it war, the security/surveillance state, gold theft/cover up, OR ALL3?
Click here for the 9/11 Anniversary Special Edition Metals & Markets with The Doc, Eric Dubin, & Consensus911′s Tod Fletcher on the Smoking Gun Evidence for “the New Pearl Harbor”
The latest COT reveals the commercials very involved in this latest price crash.
In gold, we see speculators packing on 16,790 shorts and a huge short covering by the commercial. That’s some 2.14 Billion in additional shorts by the speculators!
The latest cartel raid continues the long depression in precious metals as gold and silver are still going down, down, down, South of the Border!
It may take a little longer but a price rebound is coming which will bring interest in precious metals into focus again as they need to keep up this façade of a real market for another year into 2015.75.
Click here for more from Marshall Swing on Gold & Silver- South of the Border!
Given the degree of manipulation by the Fed-sanctioned banks and the anti-gold bias of the financial media, I am stunned that anyone would expect that my “bottom” call would be perfect to the day.
I am standing by my call that we are at, or at least forming, a bottom in this vicious manipulated attack on the precious metals.
Patience is the key because eventually manipulated markets – throughout all of history – end badly for the manipulators.
Click here for more from PM Fund Manager Dave Kranzler on why the PM bottom is in:
Humanity is returning to its long-lost silver roots: fiat currencies, both of the United States, and the world governments at large, have been compromised. They have long ceased to be a reliable stores of wealth, or an asset unto themselves. Fiat currencies are simply paper scrip, denoting the debt of a system of large, private banks. Whereas, silver has been money for thousands of years.
Everywhere you look, the trend is the same: people are awakening to the state of the world’s financial health, and are swapping their currencies for silver and gold. This goes counter to the interests and desires of these banks, who wish to keep their privilege of being the sole creators of these units of debt that people mistake for “money”. Silver is a direct threat to their debt/currency system, which is why they rig its price on a constant, perennial basis.
The problem is that their market rigging has created a world in which silver is just too cheap. Way too cheap.
Click here for more on why The Silver Noose is Tightening on the Banksters:
Time is running out for the banksters, not in spite of silver prices continuing to crater, but because of it!
There are just too many signs flashing from all directions, that the supply needed to run this massive con are not enough. There’s simply not enough silver available at sub-$20, to keep delivering to everyone in the world who wants it.
And who wants it? Everyone and their grandmother, that’s who!
This is particularly true in the realm of industrial usage, like the world’s newest crush: solar energy.
Click here for more on the Number 1 Reason the Silver Noose is Tightening on the Banksters:
It’s hard for an article to be simultaneously disturbing and amusing, but this morning’s article in the UK Telegraph about Barclays’ new blood vein finger scanner does just that.
What’s truly incredible about the article is Ashok Vaswani’s (chief executive of Barclays personal and corporate banking) purported obsession with fighting criminality, when in reality there appear to be few bigger criminal enterprises on earth than Barclay’s itself…
Read more here.
The Paradigm Shift has reached a higher gear. The danger and risk levels have gone to critical levels. The risk of economic destruction has gone into recognizable critical levels.
The Emperor’s court is showing critical internal defections. The biggest ray of light comes from Germany, which shows important signs of refusal to permit its economic destruction in order to suit the elite plans of a grander fascist state. The Germans have suffered hyper inflation before, and will not again. The Germans have suffered a national calamity from an integrated fascist state, and will not again. It is becoming excruciatingly clear that the Global Axis of Fascism is the US, UK, and its leash holder in the SouthEast Mediterranean. The entire global system has reached the critical phase. The breakdown phase is accelerating.
The Russian sanctions have an obvious whiplash of severe impact to the US and Europe. The whiplash impact to the US is to expose the USDollar as a corrupted cancerous currency, for which coerced war and economic suicide are the high cost of continued support.
The USGovt is left with no more options than war, since the financial front has been lost to insolvency, market interference, bond fraud, and leveraged corruption.
A climax is fast approaching. The USDollar is stuck in the implosion stage. The USDollar will be rejected, the climax a Weimar implosion of the currency.
The King Dollar has been wrecked, knocked off its throne, never to return to prestige.
Click here for the latest Hat Trick Letter on the death of NATO, the Dollar, & HYPERINFLATION ahead: