Wednesday, 31 July 2013

The Smoking COMEX Gun

For those wondering what the recent drawdown in COMEX and GLD stocks mean - please watch this video recorded in the boardroom moments ago. Grant Williams of Vulpes Asset Management joins CEO Michael Maloney to connect the dots on what may be some of the most important events of the last few years.

- Source, Gold

Sunday, 28 July 2013

Gold and Silver to Surge in September?

"Governments and central banks have, for decades, leased or sold their gold to the bullion banks. So they are very likely to own very little of the 23,000 tons that Western central banks are said to hold.

But now bullion banks also have a problem: They tried to replenish their (physical gold) coffers during the massive manipulative selling that we’ve seen over the last few months in the paper market. Although they took the price down, most of the physical (gold) that was released by selling from ETFs and hedge funds was absorbed by Asia.

So the bullion banks are still massively short of physical gold. Eric, all of these physical shortage problems are likely to put enormous upward pressure on gold in coming months. And remember that this factor is in addition to the destruction of paper money we will see which will also put upward pressure on gold.

It’s important for investors to understand, and especially holders of gold and silver, that there are now several different factors which will propel gold and silver to much higher levels. As you know, Eric, I’ve said that within the next year we will see levels that will be a lot higher than the $1,900 mark we saw in 2011.
I see shortages everywhere, and I see real problems in the market with the bullion banks still under pressure. I am hearing that they (bullion banks) are under real pressure, and this is why we will see incredible upward moves (for gold and silver) starting in September."

- Egon Von Greyerz via a recent King World News interview:

Friday, 26 July 2013

Tom Cloud - Gold and Silver Supplies are Tight

Tom Cloud of says delivery times for gold and silver bullion are unusually long. When supplies of precious metals are plentiful, Cloud says, "It would be in my hand in three to five days. . . Now, depending on the product, it's two and a half to six weeks." Cloud says the only two other times supply has been this tight was "1980 and 2008." Cloud contends, "Supplies are tight and fear is high. I see it getting worse this fall."

- Source, USA Watchdog:

Wednesday, 24 July 2013

Destabilization, Algobots and Counterfeiting

"In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the global counterfeiting schemes that Interpol failed to stop this past week: spoof trading high frequency algobots, brokers trafficking in bogus derivatives backed by delusional collateral, rob signing mortgage forgeries and fake Libor rate setting bankers. They also look at the interest rate swaps that sank Detroit, Harvard, Jefferson County, Alabama and Greece. In the second half, Max talks to Sandeep Jaitly of, about gold backwardation, Flaming Jamie, a run on the gold markets and the fact that fiat can't fail in fiat terms but it can in gold. Max also says that if Snowden can press one button and take down the US, then people should ask for delivery of physical gold."

- Source, Max Keiser:

Tuesday, 16 July 2013

The Crash of 1929 Documentary

Based on eight years of continued prosperity, presidents and economists alike confidently predicted that America would soon enter a time when there would be no more poverty, no more depressions. A "new era" when everyone could be rich.

- Source, PBS:

Sunday, 14 July 2013

Rick Rule - Gold and Silver Outlook

Q: What's your outlook on gold and silver if the Federal Reserve succeeds in putting an end to QE without triggering runaway inflation?

A: I don’t know, but lower. I have substantial suspicions about the ability of the Federal Reserve to exit QE, however. What they are doing is liquefying the banks and issuing more debt than they can sell. Right now, new aggregate on-balance liabilities on the Federal level is $1.5 trillion per year. They finance that by selling $750 billion of debt, and by printing up $750 billion of debt which they use to buy existing bonds. The off-balance-sheet liabilities of the Treasury exceed $60 trillion and grow by about $4 trillion a year.

The idea that we are going to get through this without either defaulting on our obligations or inflating them away defies any rational analysis of the problem.

From my point of view you’re safer with gold in your portfolio. Experts who follow the market closely, including Eric Sprott, but also Morgan Stanley and the big bullion banks, say that the ‘anti-gold’ – what you consider in place of gold – is the U.S. 10-year Treasury. Mainstream institutional investors say that gold is ‘risk-on’ and the 10-year Treasury is ‘risk-off,’ but I think that the world has it exactly confused. The U.S. Treasury -- the ‘anti-gold’ -- pays a 1.75% interest rate, which is well below the rate of inflation and assumes that there is no credit risk with regards to U.S. obligations. If nothing else, the lower interest rate lowers the cost – in terms of avoided cost – of owning gold

- Source, Rick Rule via Sprott's Thoughts:

Wednesday, 10 July 2013

The Gold is Gone, It's All a Farce!

"The Fed gold, that Americans think is theirs, is gone. The gold that the Germans have been told they will get back in 7 years, they’ll never get back because it doesn't exist any-more (at the Fed). I own it. The People’s Bank of China owns it. The Reserve Bank of India owns it. The central bank of Russia owns it. But the people of Germany (and America) don’t own it.

What they've done is confirmed that everything I’ve told you is correct. They get gold (bars) from all over the place, including major central banks, including the symbol of the central bank on them, and they melt them down. 

Reading between the lines, and you don’t have to read too much between the lines, it’s all a farce. The gold is gone. It’s been hypothecated and rehypothecated. It’s gone. Not only do the Fed and the U.S. Treasury not own 8,000 plus tons, they probably own nothing."

- William Kaye via a recent King World News interview, read the full interview here:

Friday, 5 July 2013

The Most Stunning Development In Silver

Today, I learned of one of the most stunning developments in the physical silver demand I have ever seen.

The physical Silver market is about to explode the paper silver market in a huge way. Like the price collapse in 2008 set up silver for a 500%+ return for the next few years, this recent price collapse is going to set up an epic return on silver like the world has never seen.

- Source, Chris Duane, Don't Tread on Me:

Wednesday, 3 July 2013

Richard Russell - Gold Rising on a Stairway of Hatred

"Gold is so hated that it could rally over $1500, and nobody would notice it. Sentiment against gold is so bearish that I thought gold could have struck a capitulation low last week. Another bearish piece in today's issue of USA Today. Talk about rising on a stairway of hatred, you're seeing it now in gold!"

- Richard Russell via King World News: