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« Reply #40 on: November 16, 2010, 03:01:48 PM » |
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« Reply #42 on: November 17, 2010, 10:58:42 AM » |
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SILVER RARER THAN GOLD ! READ THIS !
17 November 2010, by Marc Authier (maxkeiser.com) http://maxkeiser.com/2010/11/17/in-other-words-the-amount-of-silver-left-in-the-world-that-is-available-for-investment-is-less-than-gold/SILVER RARER THAN GOLD ! READ THIS ! http://www.silverinscripture.com/moreRAREthanGold.htmlBy 1980, only 2.5 billion ounces of silver are left. By 1990, 2.1 billion ounces are left. As in late 2008, only 20 million ounces of silver are left in the US government’s stockpile. Other government around the world did likewise. Today, government stockpiles around the world hold only 0.016 percent of the original 3.5 billion ounces that the US government used to hold! In other words, the amount of silver left in the world that is available for investment is less than gold! Gold, on the other hand, has a rising quantity of stockpile. If all mining activity are to stop today, the aboveground stocks of silver will only last 4 months!
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« Reply #46 on: November 17, 2010, 09:33:45 PM » |
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Mints cash in on surging silver coin sales
17 November 2010, by Jack Farchy in London (The Financial Times) http://www.ft.com/cms/s/0/b12fb4b8-f283-11df-a2f3-00144feab49a.html?ftcamp=rss#axzz15bZ655nfExcerpt:Silver coins are selling at a record pace as investors – especially in the US – seek to limit their exposure to the dollar.
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The rush has been driven by a loss of faith in paper currencies in the wake of the Federal Reserve’s decision to pump new money into the US economy. “We’ve all grown up with this total blind confidence in paper. Now we look and see there are cracks appearing,” said Edward Ennis, head of commodities at Rothschild Private Bank.
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David Madge, head of bullion sales at the Royal Canadian Mint, said sales of silver Maple Leaf coins had been “extremely strong”. The mint had its best month for silver coin sales in October, and Mr Madge expects sales for the year to be at least 50% higher than in 2009 – itself a record.
The US Mint is on track for its strongest monthly sales yet of silver American Eagles in November, selling 1.8m coins in the week up to Monday alone – twice the rate seen during its strongest month on record, December 1986.
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« Reply #47 on: November 17, 2010, 09:44:28 PM » |
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« Reply #50 on: November 18, 2010, 12:34:33 PM » |
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The Crash JP Morgan Buy Silver Manifesto or: How to Get Hedge Funds To Do Your Dirty Work For You And Drive the Price of Silver to $5001 – JP Morgan has a huge short position in Silver – estimated to be 3.3 billion ounces – tied to an enormous, extremely precarious derivatives position (estimated to represent 1.5 trillion in risk to its balance sheet at $500 Silver).
2 – Various exchanges around the world have been caught manipulating the price of Silver using ‘naked’ short sales i.e., counterfeiting.
3 – Of all the actively traded commodities traded around the world, Silver is one of the least plentiful and its supply is shrinking, but its industrial uses are multiplying. The ‘networked’ age of global communications is built with Silver.
4 – Hedge funds are taking physical delivery of Silver – adding substantial demand as well as exposing these exchange’s naked short positions – who are already scrambling to deliver – jacking prices up to multi-decade highs – and inspiring these predatory funds to buy more Silver.
5 – There are billions of people around the world who are aware that banks have been committing fraud and embezzlement who are upset that their politicians seem only interested in helping the banks commit more fraud – who are looking for a cheap way to non-aggressively fight back and decapitalize these banks.
6 – Many of these people have the access and wherewithal to purchase 1 ounce of Silver – thus removing hundreds of millions of ounces of Silver from the ‘paper’ market – forcing additional scrambling by dealers to fill orders by buying back short positions – inspiring the funds to buy and take physical delivery of more Silver – creating a colossal short squeeze – in which JP Morgan stands to be the biggest loser.
7 – Buying Silver is how the world is monetizing its anger at the banks who stole their wealth.
8 – Crash JP Morgan Buy Silver
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« Reply #51 on: November 18, 2010, 12:48:47 PM » |
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James Turk - Delta-Hedging to Cause Gold Price to Explode
18 november 2010, by Eric King (King World News) http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/11/18_James_Turk_-_Delta-Hedging_to_Cause_Gold_Price_to_Explode.html Excerpt:With gold and silver taking off to the upside, King World News interviewed James Turk today out of Spain. Turk commented,
“What we are seeing right now is the breaking apart of the gold cartel. They are losing control of the market just like they did back in the late 1960’s when gold began trading above $35 in the cash market in London, even though the price was still officially fixed at $35. The market was simply saying, we just don’t believe this $35 price anymore.”
Turk continues:
“The same principle applies today. The same group that is trying to hold the price down is being overrun just like they were in the late 1960’s. Normally you would expect the gold market to fade into next week’s options expiry. The fact that we are so strong today is an indication that the shorts are being overwhelmed and I am looking for higher prices as a result.
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Silver is up a dollar from yesterday which is a good indication that this market is different from what we have seen all decade long. It’s like we discussed the other day, lower prices just increase the demand for physical silver. The amazing thing is that we are seeing this even in the paper market. Open interest on the Comex is growing, so if any longs were shaken out, new buyers came in to replace them. What that does is put the silver shorts in an impossible position because now they are trapped short.”
What Turk is saying is the the gold cartel is on the verge of suffering a major defeat in the gold war. With regards to silver, let’s just say they have been defeated and are now in the process of a full retreat.
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« Reply #52 on: November 18, 2010, 01:13:16 PM » |
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press the charge
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« Reply #53 on: November 18, 2010, 07:05:25 PM » |
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Silver-Coin Sales May Surge 50% in 2010 as Demand Rises, Canada Mint Says
18 November 2010, by Yi Tian (Bloomberg) http://www.bloomberg.com/news/2010-11-18/silver-coin-sales-may-surge-50-as-demand-rises-canada-says.htmlExcerpt:Canada’s sales of silver coins will jump more than 50% this year and will continue to climb in 2011, said David Madge, the director of sales at the Royal Canadian Mint. “Sales of silver coins for 2010 are very strong and we expect them to be at least 50% higher,” Madge said in an e-mail, declining to give a forecast for this year’s sales. The Ottawa-based mint sold 10.3 million ounces of coins in 2009, he said. Silver futures have jumped 59% in New York this year as demand rose for precious metals as an alternative to currencies. Investors have bought coins “because they are cheap,” and are helping to support the price of the metal, Francisco Blanch, the head of commodity research at Bank of America Merrill Lynch, said today at a conference in New York. ---- “We have not seen a decline in demand,” after the premiums increased for Silver Maple Leaf coins, Madge said.
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« Reply #54 on: November 18, 2010, 07:49:07 PM » |
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Silver Physical Supplies and Price Action
18 November 2010, by Dr Jeff Lewis (The Market Oracle) http://www.marketoracle.co.uk/Article24382.htmlExcerpt:Last week, I called a number of silver buyers, sellers and coin shops to get an idea of how the market was responding to the massive run up in silver prices. Needless to say, the results weren't exactly as I had expected. I thought that during the run up, shops would report that some of their regular investors had been taking profits. This wasn't the case. The Survey---- Therefore, from our small study, it can be reasonably concluded that even as prices tear towards the upside, there is little interest among the current physical silver investing community to let go of their silver. Instead, as prices head higher, we, as the good little investors we are, continue to buy more, not less, of the beautiful metals. The Irony of Investment MarketsThis is perhaps the irony of the silver markets, or any non-replacement investment market for that matter. As the market heads higher, the supply is not increasing at the retail recycling level or at the production level. Silver miners are not wholly silver miners, and they have to find copper before they can find silver. Therefore, while miners would love to start working overtime to dig silver, supplies ready to be quickly unearthed have yet to be discovered. In the long term, the silver markets are only going to head higher. While we've seen the same core group of investors piling into silver for decades, we're also seeing the last of the most accessible silver (recycled jewelry) hit the market. This recycled silver is not in infinite supply, and rather, it is very much finite. With the recession lingering, more people jobless and silver prices headed to the moon, there are a number of unfortunate people who have no other option but to liquidate, and the amount of “easy pickings” is running dry. The investors are more than happy to pick up what is left of the inexperienced sellers. To recap, the inexperienced physical owners are selling, while the experienced are buying. Supplies are dwindling, even on record high prices. This rally still has a long way to go.
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« Reply #55 on: November 18, 2010, 08:55:22 PM » |
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Man on the Silver Mountain http://www.youtube.com/watch?v=a1Cg5vS8-3EIm a wheel, Im a wheel I can roll, I can feel And you can't stop me turning Cause Im the sun, Im the sun I can move, I can run But you'll never stop me burning * come down with fire Lift my spirit higher Someones screaming my name Come and make me holy again Im the man on the silver mountain Im the man on the silver mountain Im the day, Im the day I can show you the way And look Im right beside you Im the night, Im the night Im the dark and the light With eyes that see inside you * x 2 Just look at me and listen Im the man, the man, give you my hand Come down with fire Lift my spirit higher Im the man on the silver mountain Im the man on the silver mountain Im the night the light The black and the white The man on the silver mountain
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« Reply #56 on: November 18, 2010, 08:56:55 PM » |
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Bill Murphy of GATA Reveals Whistle-Blower in Gold Price Suppressionhttp://www.youtube.com/watch?v=e9bU0r6JP4s
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« Reply #58 on: November 19, 2010, 07:31:20 AM » |
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Max Keiser: As we see with this chart, the JPM Silver manipulators are selling lots of naked contracts right now jamming the Silver price down – trying like hell to get a sub-$25 print at the close today – an option expiration month (thus avoided having to re-hedge their books on the roll using A LOT of cash – plus the possibility of having to disclose some realized/unrealized losses on their upcoming 10-Q). My understanding is the Silver vigilantes – pumped up with confidence after Andrew Maquire’s recent CFTC testimony blowing the whistle on JPM and HSBC – have spring loaded a major assault for later today. If successful, the Silver vigilantes buying power could take out a whole lot of stops all the way up through $30. Personally, I believe the probability of this is pretty good. If the Silver vigilantes are going to be successful they have to step up to the plate today and deliver a resounding blow to JPM. If not, then all the talk we hear coming out of Sprott and other places is mostly hot air, which is not to say that a failure today would put the kabosh on the ‘Crash JP Morgan Buy Silver’ campaign. Far from it. It justs means that we’ll have to be a little more patient. Anyone interesting in speeding things up and putting JPM six feet under quicker – buy some ounces of physical. Every ounce off the market puts another Silver nail in JPM’s coffin. For readers of my blog, I am recommending no more than 1 or 2 ounces to purchase for political activism purposes. This is not an investment recommendation but a political action recommendation. If you are seeking investment advice – consult a registered investment advisor.
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« Reply #59 on: November 19, 2010, 08:19:14 AM » |
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Silver Could Drop Another 8% — Before Making A Big Spike
19 November 2010, by Jeff Clark, Casey Research (Business Insider) http://www.businessinsider.com/silver-could-drop-another-8--before-making-a-big-spike-2010-11Yesterday, we looked at the major spikes and corrections in gold in order to determine where we might buy, so let’s look at the same with silver today. As you know, silver is more volatile than gold. That means two things. If you own it, expect the price to have bigger surges and larger downdrafts. And if you’re buying it, you have greater opportunity to snag it at lower prices. Let’s first look at all the major spikes in silver since the current bull market started in 2001 (those greater than 10%). The far-right bar represents our most recent surge, and you can see that the 59.6% return logs as the second highest advance to date in this bull market. The average of all spikes in our current bull market is 31.2%, so our recent jump is almost twice the average. At a minimum, some consolidation was in order, and a bigger-than-normal correction should not surprise. As with gold, though, I think the Big Spike is still ahead; silver soared an incredible 443% in 1979 and jumped 53.5% in just three weeks in January 1980. How far does silver fall? The following chart displays all major corrections in silver in our current bull market (defined as a retracement of greater than 10%). The average of all major corrections is 19.7%. Based on the London PM fix of $28.55 on November 9, silver would fall to $22.92 if it matched the average decline. As of Wednesday’s close of $25.20, silver has fallen 11.7%, comparatively small. If we remove the ’08 meltdown, the average of all pullbacks is 17.7%. If we hit that average, the silver price would fall to $23.50.Since silver logged its second biggest run-up, what if it matched its second biggest decline? If we again remove the ’08 aberration, a 33.7% correction would take the price to $18.92. Only in a full-blown deflationary sell-off do I see silver losing a third of its value. And if it did, I’d be turning over couch cushions to find every spare nickel I could to buy it. Remember, with silver’s increased volatility, you can set stink bids (if you’re buying an ETF) at lower percentage drops than where you might for gold. If you’re buying physical metal, which is where we think your first dollars should go, then keep your dealer’s phone number or website handy, as the price can move abruptly. Based on this data, if the correction continues, a pullback between 17% and 19% wouldn’t be too surprising. And that makes prices between $23.50 and $22.92 good target zones.
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« Reply #62 on: November 19, 2010, 02:46:17 PM » |
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US Mint Reports Soaring November Month-To-Date Silver Coin Sales Surpass 2010 High Following Massive Rush Into Precious Metal
19 november 2010, by Tyler Durden (Zero Hedge) http://www.zerohedge.com/article/us-mint-reports-soaring-november-month-date-silver-coin-sales-surpass-2010-high-following-maIs Max Keiser's attempt to put JP Morgan out of business working following the mother of all silver physical squeezes? The price of silver has been stable in the past few days, but if the US official precious metal seller is to be trusted, this will not last long. According to the US Mint, sales of 1-ounce American Eagle silver coins are headed for the strongest month since at least May, Bloomberg reports. And according to our update, the May total has not only been passed, but the November MTD total is already the highest in 2010. More details: a record 3,775,000 silver coins have been sold this month, compared with 3,636,500 in May, according to data on the Mint website. Silver futures in New York touched a 30-year high of $29.34 an ounce on Nov. 9. American Eagle coins also are available in gold and platinum. The Mint said 62,500 ounces of gold Eagles have been sold in November. What is interesting is that sales of the coins continue at an astronomic pace despite the nearly 10% premium one has to pay over spot. What is more interesting, is that the Mint has not run out yet. Yet the refreshing thing, is that instead of buying paper certficates promising that one's presumed purchases of gold is held by the DTCC, Americans are once again going straight into physical. Here is hoping Keiser's plan ultimately unravels whatever the RICO suit against JPM and HSBC leaves untouched. From the Mint>
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« Reply #63 on: November 19, 2010, 04:16:00 PM » |
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Widespread Silver Bar Shortages
18 November 2010, by Patrick A. Heller (Coin Update News) http://news.coinupdate.com/widespread-silver-bar-shortages-0542/As of today, there are no longer any regular wholesale supplies of the 1 ounce through 100 ounce silver rounds and bars available for immediate delivery. It may be possible to locate incidental quantities of some product, but most wholesalers are now promising two to four weeks delivery to allow time for the silver to be fabricated. As a result of the shortages, premiums have started to rise. So far, the increases have been modest, on the order of 0.5-2%. However, if the shortage grows, expect to see further and larger premium increases in the coming weeks. We could see a repeat of the late 2008 gold and silver buying frenzy, where product availability got as slow as 1-4 months after payment. At the COMEX close yesterday, registered (dealer) silver inventories fell below 50 million ounces. Even if you include the eligible (investor) silver inventories in the COMEX bonded warehouses, which are not available to fulfill COMEX deliveries unless the investor specifically chooses to do so, there were barely 107 million ounces to fulfill around 725 million ounces of contractual obligations. COMEX silver inventories are now down more than 10% from mid-June even while the amount of silver owed has soared!As the price of silver almost continuously rose from $17.98 on August 23 to $29.36 mid-day on November 9 (a 63% increase), the COMEX had not changed its minimum requirements for leveraged accounts. It would be a normal process to periodically bump us the minimum amounts for margin accounts as prices rise, but this was not done until November 9, when the margin requirement was increased from $5,000 per contract to $6,500. On September 16, the COMEX further raised the silver contract margin requirement to $7,250—even though the price of silver had been dropping since November 9! What is suspicious is that a lot of “insiders” were liquidating their silver positions starting the afternoon of November 15. Is it possible that they may have received advance notice of the coming change in the minimum margin account requirement and sold in anticipation of lower prices the next day? The next round of gold and silver options expiration occurs on Tuesday, November 23. The attempt to suppress gold and silver prices upon the release of the US jobs and unemployment report on November 5 was almost a complete failure. Unless something is done to knock down gold and silver prices before November 23, a lot of call options will be exercised, which would further increase the demand for physical precious metals.
I suspect, as do many others, that the two rounds of increasing gold and silver margin requirements were timed for no other reason other than to try to help hold down prices through November 23.
Don’t be surprised if supplies of other low premium physical silver products, especially US 90% Silver Coin, dry up, with those premiums also starting to rise.
If you are looking to acquire some physical silver, I suggest you act sooner rather than later.
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« Reply #64 on: November 19, 2010, 04:33:22 PM » |
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« Reply #65 on: November 20, 2010, 11:39:03 AM » |
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Chris Martenson And Ted Butler Discuss The End Of Silver Price Manipulation
19 November 2010, by Tyler Durden (Zero Hedge) http://www.zerohedge.com/article/chris-martenson-and-ted-butler-discuss-end-silver-price-manipulationChris Martenson who recently launched a fascinating series of interviews and podcasts with a variety of the most interesting pundits in the world, chats with Ted Butler, discussing such germane items as why silver has such a compelling value story, the coming silver supply crunch, the argument behind the allegations of silver price manipulation, drivers behind the recent price action in silver, why price volatility will increase and the expected outcome of the CFTC’s investigation and why Ted thinks it will be "a bombshell for the silver market." Interview with Ted Butler: The End of Silver Price Manipulation 2010 has been an exceptional year for silver. The price has increased over 50% to-date, and the CFTC (the US commodity regulatory body) issued a statement last month admitting that the market price of silver may have been (and still may be) fraudulently manipulated. An investigation is underway. Ted Butler is one of the pre-eminent commentators on the silver market. In addition to his decades following the metal, he's spent years raising suspicions about silver’s suppression by a few large banks taking on egregiously large short positions. The current CFTC action is a direct result of Ted’s activism. In the podcast below, I conducted an in-depth interview with Ted focusing on the most important aspects that anyone interested in silver needs to know now. In short, Ted predicts the imminent end to the manipulation will ultimately send the price higher - much higher. The podcast covers: * Why silver has such a compelling value story * The coming silver supply crunch * The argument behind the allegations of silver price manipulation * Drivers behind the recent price action in silver * Why price volatility will increase * The expected outcome of the CFTC’s investigation and why Ted thinks it will be "a bombshell for the silver market" To listen to the interview download MP3 from Site
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« Reply #66 on: November 20, 2010, 11:44:34 AM » |
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Max Keiser: "Buy silver, lead to the bankruptcy of JP Morgan" (Google trans from Spanish) http://tinyurl.com/24qhh2phttp://translate.google.com/translate?u=http%3A%2F%2Fwww.oroyfinanzas.com%2F2010%2F11%2Fmax-keiser-%25E2%2580%259Ccompre-plata-lleve-a-la-bancarrota-a-jp-morgan%25E2%2580%259D%2F&sl=es&tl=en&hl=&ie=UTF-8 Why should I buy silver? http://ausbullion.blogspot.com/2010/11/why-should-i-buy-silver.html $400 Silver and "Crash JP Morgan & HSBC buy silver" says Bob Chapman http://www.youtube.com/watch?v=S6LU_dcvuhAMy thoughts: Gold & Silver, crash of US dollar http://www.youtube.com/watch?v=r9fR7moa16QWebbots predicted $600 silver and now Max Keiser calls for $500 silver, which one will be right http://www.youtube.com/watch?v=YPbUZUjjJ-cWhat kind of SILVER and why??? http://www.youtube.com/watch?v=CnZWuI4dmloCRASH JP MORGAN BUY SILVER http://www.youtube.com/watch?v=-Wp48YyT-xQCrash JP Morgan Own Physical Silver http://www.youtube.com/watch?v=Q4kn26OPs74Max Keiser Crash JP Morgan http://www.youtube.com/watch?v=gir4OsOHJWUAnnie Pattison Awful Lies {Crash JP Morgan, Buy Silver} http://www.youtube.com/watch?v=OOhtLCz_TUICrash JP Morgan, Buy Silver - Its Blingalicious! http://www.youtube.com/watch?v=ZAqCxpBXB5g Crash Jp Morgan, buy silver campaign!!! Support http://www.youtube.com/watch?v=owKIxAVF1OMMax Keiser's Call: Crash JP Morgan Buy Silver http://goldsilver.com/newsletters/newsID/9601/The Silver Lining In The 21st Century's Financial Storm Clouds http://www.opednews.com/Diary/The-Silver-Lining-In-The-2-by-Saman-Mohammadi-101119-739.htmlThe Max Keiser movement is very international, according to Alexa ( http://www.alexa.com/siteinfo/maxkeiser.com): Country Rank Ireland 657 Netherlands 3,609 United Kingdom 4,480 Canada 5,285 Bulgaria 5,816 Philippines 7,405 Chile 8,793 South Africa 11,123 United States 11,765 Australia 16,098 Romania 16,970 Malaysia 22,637 Greece 23,487
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« Reply #67 on: November 20, 2010, 02:17:08 PM » |
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I'm proud to report I did my civic duty in picking up 2 ounces of silver yesterday. I went to APMEX and picked up a Silver 1 ounce coin and a Silver bar. TAKE THAT JP MORGAN.
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" In all my perplexities and distresses, the Bible has never failed to give me light and strength." - General Robert E. Lee
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« Reply #69 on: November 21, 2010, 12:04:57 PM » |
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TWO HOT & RECENT GRASSROOT MOVEMENTS IN SILVER & EUROPEAN BANKS!! CRASH JPMORGAN http://www.youtube.com/watch?v=n-UKkO3iswIMax Keiser: Silverbuzzsuccess is spot on – he makes the connection between the Cantona bank run and the twin campaign to buy Silver. Silverbuzz makes the point that if you mix tens of thousands of people pulling their money out of the banks – who will then be looking for a place to put that money – combined with the Crash JP Morgan Buy Silver campaign – you get a fire cracker under the Silver price on December 7th.
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« Reply #70 on: November 21, 2010, 01:13:14 PM » |
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Bob Chapman – great radio interview on Silver margin rate increases, vulnerability of the banks with huge short-Silver postions and a whole lot more.November 20th, 2010 by maxkeiser
Bob Chapman talks Comex/CME, short selling, margin calls and everything you need to know to understand current market conditions relating to JPM’s short-silver (3.3 bn. ounces) positions. http://libertyarchives.com/farlive/FS2_FRI.MP3Max Keiser: Bob Chapman mentions that I’ve been a fan of his for twenty years. In fact, I’ve been reading Bob since the early 1980′s. He was one of the few who was writing about the international markets and how they interact back then (along with Jim Rogers). His newsletter, International Forecaster (and forerunners), has been doing just that – for decades – and doing it well. WARNING: THE BULLION BANKS ARE LOSING CONTROL - Jim Willie http://www.youtube.com/watch?v=iPvBQ1qscpgSpelling It Out - Buy Silver and Crash JP Morgan!!! http://www.youtube.com/watch?v=_cRXuK590QcCrash JP Morgan Silver Express http://www.youtube.com/watch?v=YIRMogEVF3gCrash JP Morgan: Silver collection http://www.youtube.com/watch?v=q_1tDZxBlnMCRASH JP MORGAN BUY SILVER http://www.youtube.com/watch?v=uNW8ZJU8HQAAnother Crash JP Morgan Buy Silver! video http://www.youtube.com/watch?v=8D8XNhoxkrcCrash JP Morgan Buy Silver http://www.youtube.com/watch?v=QA2i8sFQ9n0
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Letsbereal
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« Reply #73 on: November 21, 2010, 06:33:26 PM » |
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SILVER UPDATE: Criminal Banks in Retreat – Sliver May Soar to $400 by 2013 http://www.youtube.com/watch?v=mr9n-GgjY9U
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« Reply #75 on: November 22, 2010, 03:16:40 PM » |
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Silver Shortages Accelerate As Wholesale Supplies Plunge: Krieger/Keiser - 1; JP Morgan - 0
22 November 2010, by Tyler Durden (Zero Hedge) http://www.zerohedge.com/article/silver-shortages-accelerate-wholesale-supplies-plunge-kriegerkesier-1-jp-morgan-0Excerpt:Is the Kriger/Keiser " Short Squeeze JPM to Oblivion? Judging by the wholesale availability of silver (or lack thereof) the answer is a resound yes. In Coin Updates News we read that " as of today, there are no longer any regular wholesale supplies of the 1 ounce through 100 ounce silver rounds and bars available for immediate delivery. It may be possible to locate incidental quantities of some product, but most wholesalers are now promising two to four weeks delivery to allow time for the silver to be fabricated." Over the weekend we noted that even at the smaller, retail level, Silver American Eagles sold by the US Mint, have surged to a 2010 high in just the first three weeks of November. Is America now fully intent on ending Jamie Dimon's domination over the precious metal space? More on the wholesale silver shortage:: ---- Most of this should not be news to Zero Hedge regulars who now realize that the last battle of endless fiat liability dilution is being fought not in the stock market, but in the precious metals arena, where the onslaught of physical purchases versus shorting in paper claims has never gotten as far as it has in the past month. Should JPM be forced to continue covering, not even instituting an infinite margin requirement on silver purchases by the Comex will do much if anything to prevent the "dreaded" end of a fiat system. Speaking of, if anyone has the recent performance of Blythe Masters, we would be overjoyed if it were shared with the Zero Hedge community.
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« Reply #76 on: November 23, 2010, 02:00:34 AM » |
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« Reply #77 on: November 24, 2010, 06:41:54 AM » |
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More Silver for SLV
23 November 2010, (Got Gold Report) http://www.gotgoldreport.com/2010/11/more-silver-for-slv.htmlExcerpt:Investors continue to buy even the smallest of dips in the price of silver as bankrupt and starving North Korea lobs dozens of artillery shells into prosperous, thriving South Korea. South Korea answered, but so far hasn’t escalated the conflict enough to push North Korea’s mentally challenged leader to do something even more idiotic. We can be thankful for that. As if the world wasn’t nervous enough already with the Irish banks causing another euro currency earthquake. Gold was bid higher despite relative strength of the USD against other fiat currencies, closing the day in the $1,370s. Silver meandered pretty widely either side of unchanged, but mostly lower, giving back 35-cents of Monday’s 55-cent gain for a Tuesday last trade of $27.50 on the Cash Market. Meanwhile, as mentioned above, we continue to observe positive money flow into the world’s largest silver exchange traded fund. Tuesday, iShares Silver Trust (NYSE:SLV) reported holding 10,893.7 tonnes of allocated silver bars held by a custodian in London for the trust. That is an increase of 51.7 tonnes from Monday’s tally. 
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« Reply #78 on: November 24, 2010, 09:05:05 PM » |
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Stop Financial Terrorism - nov-24-2010 http://www.youtube.com/watch?v=7ULn9fmatSwAndrew Maguire’s testimony regading insiders sending messages to each other to manipulate Silver prices
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« Reply #79 on: November 26, 2010, 01:40:09 AM » |
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Commodity exchanges are panicking as global demand for shelter from fiat paper collapse shatters equilibrium
26 November 2010, by Max Keiser (maxkeiser.com) http://maxkeiser.com/2010/11/26/commodity-exchanges-are-panicking-as-global-demand-for-shelter-from-fiat-paper-collapse-shatters-equilibrium/Led by the global demand for Silver – key to the global campaign to destroy JP Morgan’s stock price – by forcing JPM to cover their 3.3 bn. short-Silver position – by taking that metal off the market; a strategy that guarantees hundreds of percentage points in profits for the Silver vigilantes – like Eric Sprott in Canada – and hundreds of millions of smiles on the faces of people everywhere fighting against financial terrorism – commodity exchanges are trying desperately to preserve the status quo by raising margin requirements. With each rise – comes ever greater fury from the activists and vigilantes who are are increasing their buys with a vengeance. The current margin increase adjusted price for Silver is $32.As long as the price stays the same – while margin requirements rise – the implied price is rising right along with the margin requirements. When the exchanges run out of room to raise margin rates – Silver and other commodities will gap-open 20-30% and the ensuing buying panic will probably result in JPM’s stock getting marked down 50% in sympathy (and we’ll be half way toward out goal). The price of Silver as it relates to this campaign is as important as the price of lead in the American revolutionary war. That is to say, price is not important. Because revolutionaries will keep buying bullets no matter what the cost and Silver vigilantes will keep buying Silver no matter what the margin requirements are. There is no price on fighting a financial terrorist like JPM. Zero Hedge: Chinese Exchanges Hike Margins On Virtually All Commodities In (Temporary) Attempt To Cool Surging Prices"... we expect that the short-term impact of this move will wear off within a weak, at which point prices will resume their upward climb with a vengeance."Youri Carma: The Battle has just begun!
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