BUY PHYSICAL SILVER to expose JP Morgan's Fraud...BANKERS OR US

[lovkarpin]

Is there a connection between Ron Paul flashing a silver ounce in Bernanke's face today at the congressional hearing, with the major plunge in silver today

Seems like someone is trying to prove a point, or maybe disprove Paul's point

Ron Paul vs. Ben Bernanke - Financial Services Hearing Feb 29 2012
http://www.youtube.com/watch?v=n7gAgjTvtjc&feature=player_embedded#t=341s

[Tokiem]

[Letsbereal]

David Morgan GOLD & SILVER Paper Scheme RAID! http://www.youtube.com/watch?v=T2rGtqW7heU

[jerryweaver]

Another Money Changer comes to Jesus?

http://comments.cftc.gov/PublicComments/ViewComment.aspx?id=57019&SearchText

•   View all comments for 77 FR 8817
•   From: Z A N
Organization(s):
JPMorgan Chase
Comment No: 57019
Date: 3/14/2012
Comment Text:
Dear CFTC Staff,

Hello, I am a current JPMorgan Chase employee. This is an open letter to all commissioners and regulators. I am emailing you today b/c I know of insider information that will be damning at best for JPMorgan Chase. I have decided to play the role of whistleblower b/c I no longer have faith and belief that what we are doing for society is bringing value to people. I am now under the opinion that we are actually putting hard working Americans unaware of what lays ahead at extreme market risk. This risk is unnecessary and will lead to wide-scale market collapse if not handled properly. With the release of Mr. Smith’s open letter to Goldman, I too would like to set the record straight for JPM as well. I have seen the disruptive behavior of superiors and no longer can say that I look up to employees at the ED/MD level here at JPM. Their smug exuberance and arrogance permeates the air just as pungently as rotting vegetables. They all know too well of the backdoor crony connections they share intimately with elected officials and with other institutions. It is apparent in everything they do, from the meager attempts to manipulate LIBOR, therefore controlling how almost all derivatives are priced to the inherit and fraudulent commodities manipulation. They too may have one day stood for something in the past in the client-employee relationship. Does anyone in today’s market really care about the protection of their client? From the ruthless and scandalous treatment of MF Global client asset funds to the excessive bonuses paid by companies with burgeoning liabilities. Yes, we at JPMorgan that are in the know are fearful of a cascading credit event being triggered in Greece as they have hidden derivatives in excess of $1 Trillion USD. We at JPMorgan own enough of these through counterparty risk and outright prop trading that our entire IB EDG space could be annihilated within a few short days. The last ten years has been market by inflexion point after inflexion point with the most notable coming in 2008 after the acquisition of Bear.

I wish to remain anonymous as of now as fear of termination mounts from what I am about to reveal. Robert Gottlieb is not my real name; however he is a trader that is involved in a lawsuit for manipulative trading while working with JPMorgan Chase. He was acquired during our Bear Stearns acquisition and is known to be the notorious person shorting in the silver future market from his trading space, along with Blythe Masters, his IB Global boss. However, with that said, we are manipulating the silver futures market and playing a smaller (but still massively manipulative) role in manipulating the gold futures market. We have a little over a 25% (give or take a percentage) position in the short market for silver futures and by your definition this denotes a larger position than for speculative purposes or for hedging and is beyond the line of manipulation.

On a side note, I do not work directly with accounts that would have been directly impacted by the MF Global fiasco but I have heard through other colleagues that we have involvement in the hiding of client assets from MF Global. This is another fraudulent effort on our part and constitutes theft. I urge you to forward that part of the investigation on to the respective authorities.

There is something else that you may find strange. During month-end December, we were all told by our managers that this was going to be a dismal year in terms of earnings and that we should not expect any bonuses or pay raises. Then come mid-late January it is made known that everyone received a pay raise and/or bonus, which is interesting b/c just a few weeks ago we were told that this was not likely and expected to be paid nothing in addition to base salary. January is right around the time we started increasing our short positions quite significantly again and this most recent crash in gold and silver during Bernanke's speech on February 29th is of notable importance, as we along with 4 other major institutions, orchestrated the violent $100 drop in Gold and subsequent drops in silver.

As regulators of the free people of this country, I ask you to uphold the most important job in the world right now. That job is judge and overseer of all that is justice in the most sensitive of commodity markets. There are many middle-income people that invest in the physical assets of silver, gold, as well as mining stocks that are being financially impacted in a negative way b/c of our unscrupulous shorts in the precious metals commodity sector. If you read the COT with intent you will find that commercials (even though we have no business being in the commercial sector, which should be reserved for companies that truly produce the metal) are net short by a long shot in not only silver, but gold.

It is rather surprising that what should be well known liabilities on our balance sheet have not erupted into wider scale scrutinization. I call all honest and courageous JPMorgan employees to step up and fight the cronyism and wide-scale manipulation by reporting the truth. We are only helping reality come to light therefore allowing a real valuation of our banking industry which will give investors a chance to properly adjust without being totally wiped out. I will be contacting a lawyer shortly about this matter, as I believe no other whistleblower at JPMorgan has come forward yet. Our deepest secrets lie within the hands of honest employees and can be revealed through honest regulators that are willing to take a look inside one of America's best kept secrets. Please do not allow this to turn into another Enron.

Kind Regards,
-The 1st Whistleblower of Many

[Letsbereal]

Catching The "Silver Crusher" Algorithm In The Act
21 March 2012, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/catching-silver-crusher-algorithm-act

Excerpt:

There was a time when catching the silver "whack-a-mole" algo, or process, or intervention, or manipulation, or whatever one wants to call it, in action was a myth: an urban legend, perpetuated by silver conspiracy theorists.

Until today that is. Courtesy of Nanex we now have direct evidence of just what the reflexive market (in which derivative products such as ETFs influence underlying assets) goes to town by taking silver to the woodshed at a whopping 75,000 times per second!

From the broken market sleuths at Nanex: "On March 20, 2012 at 13:22:33, the quote rate in the ETF symbol SLV sustained a rate exceeding 75,000/sec (75/ms) for 25 milliseconds.

Nasdaq quotes lagged other exchanges by about 50 milliseconds.

Nasdaq quotes even lagged their own trades -- a condition we have jokingly referred to as fantaseconds."

Translation: so desperate was the desire to crush silver at precisely 13:22;33, that the Nasdaq order flow directive ended up moving faster than light.

Frankly, we don't know about you, but when someone is willing to bend the laws of relativity, just to get a cheaper price in silver, to perpetuate a failing monetary system or for any other reason, we quietly step aside ...

[Letsbereal]

Must hear because Hugo Salinas is an huge Silver promotor and did so to some South-American Governments!

Hugo Salinas Price on KWN 1 April 2012 – AUDIO http://kingworldnews.com/kingworldnews/Broadcast/Entries/2012/4/1_Hugo_Salinas_Price.html

[Letsbereal]

JPMorgan Not Speculating on Commodities: Blythe Masters
5 April 2012, by Margo D. Beller (CNBC)
http://www.cnbc.com/id/46969993



Transcript: CNBC Vid: http://video.cnbc.com/gallery/?video=3000082631

They'll tell you what to do.

So the decision to fund the commodities center here at CU Denver was really driven by the belief that we need to increase and expand talent in the commodity markets because commodities play such an important role in economic growth.

And JPMorgan has been investing heavily in commodities for some time definitely under your leadership.

We've seen as sue mentioned a tripling of your revenues in 2011 topping $2.8 billion.

Tremendous growth many see it as part of your vision, your strategy for the reason that that is happened. is that really sustainable?

Well, we've been investing in the commodities business.

That our commodities business is not about betting on commodity prices.

It's about assisting clients in exuting, managing, their risks and ensuring access to capital so they can make the kind of large long-term investments that are needed in the long run to expand the supply of commodities.

And that is an area which we anticipate will continue to grow very, very rapidly over the next couple of decades in fact.

So, yes, we are very excited about the prospects for growth in this particular area.

And you're looking at growth not only in agriculture and metals and in oil, but across the board in all facets.

That's what you're investing in.

A lot of concern has been placed about JPMorgan particularly its positions in the metals space and looking at your positions in silver we talked earlier about the volatility in the silver market, can you talk about JPMorgan's positions and price volatility and how are they related?

Yeah.

That's a great question.

You're right, there's been a tremendous amount of speculation particularly in the blogosphere on this topic.

I think the challenge is it represents a misunderstanding as the nature of our business.

As I mentioned earlier, our business is a client-driven business where we execute on behalf of clients to achieve their financial and risk management objectives.

The challenge is that commentators don't see that.

So to give you a specific example, we store significant amount of commodities, for example, silver, on behalf of customers we operate vaults in New York city, Singapore and in London.

And often when customers have that metal stored in our facilities, they hedge it on a forward basis through JPMorgan who in turn hedges itself in the commodity markets.

If you see only the hedges and our act ift in the futures market, but you aren't aware of the underlying client position that we're hedging, would suggest inaccurately that we're running a large directional position.

In fact that's not the case at all.

We have offsetting positions.

We have no stake in whether prices rise or decline.

Rather we're running a flat relatively match book.

So what is commonly out there is that JPMorgan is manipulating the metals market.

From what you're outlining that is not possible because of the different side of the business that you're in part of.

That's right.

It's not part of our business model.

It would be wrong and we don't do it.

You've had such a lon history at JPMorgan in the derivatives market now heading commodities.

One of the other things that is really struggling for many traders is trying to figure out what regulation is going to look like and how that's going to impact their business.

What is your view?

And how concerned are you about regulations that are coming down for the otc derivatives market and for commodities?

Again, another great question.

I think I want to say first that JPMorgan strongly supports the need for improved regulation in financiaets and financial institutions broadly.

The key is to ensure that that regulation is good regulation.

And with this type of topic, the devil is almost always in the details.

So in therest of greater transparency, less systemic risk in the system, less connectivity between major players, all of those things we feel great strides have been made in advancing regulation to promote those objectives.

Having said that, we have to be aware of unintended consequences.

And there's a real risk of those unintended consequences.

For example, if you make it difficult for institutions to transact in commodity markets by excessively exposing their options to the public too quickly, that would drain liquidity and make it harder.

So there is a concern about liquidity longer term?

Yes.

I want to thank you so much for joining us.

Blythe masters, thank you for your perspective on the commodities sector.

Thank you ladies both.

[Letsbereal]

BLYTH MASTERS RANT

Blyth Masters! This is the Silver Liberation Army. ( http://silverliberationarmy.com/ ) Spit, spit spit … spit. Have an hair on my tongue.

Can’t get it off. You know how much I hate that!!? Huh, of course you do. You put it there. Remember that night when you were drunk? Of course you don’t, you were drunk.

I know what you said about us Blyth Masters, I know you badmouthed us to the execs at JP Morgan, put the kibush on our deal. Now we gonna put the kibosh on you!

You know we’ve kiboshed before. And we will … kibosh again!

Sure, go ahead, laugh if you want to. I’ve seen your type before: Flashy, making the scene, flaunting convention. Yeah, I know what you’re thinking. What’s this guy making such a big stink about?

Well, let me give you a hint, Blith. Maybe we can live without real money, people like you and me. Maybe. Sure, we’re too old to change the world, but what about that kid down the block, just sitting down, looking at his first own bought blinking Keiser Silver Coin. Right now!

Doesn’t HE deserve better?

Look, if you think this is only about Silver, you’d better think twice. This is about that kid’s right to freely buy Silver without getting his mind warped! Or maybe that turns you on Blyth Masters; maybe that’s how ya get your kicks. You and your good-time buddies.

Well, I got a flash for ya, joy-girl: Party time is over!

You think you’re an important woman? Is that what you think? You’re a laughingstock. You are a joke. These people are laughing at you. You’re nothing! You have no brains, no ability, nothing!

You can’t win. You can’t beat us. That’s why we here and you’re there. Because we are winnars. We’ll always be winners and you’ll

………… always be a loser ...


Evil Genius Loves Blythe Masters for Cheap Silver Prices BTFD! http://www.youtube.com/watch?v=Ud0pdhoisxc

[Letsbereal]

Keiser Report: Return of the Silver Liberation Army (E273) http://www.youtube.com/watch?v=1BdpL_EATyc

In this episode, Max Keiser and co-host, Stacy Herbert, discuss the return of the Silver Liberation Army as JP Morgan's Blythe Masters claims the bank does not manipulate silver prices.

They also discuss JP Morgan's 'London whale' breaking the credit default swap (CDS) index market with massive prop position.

In the second half of the show Max talks to author, Pierre Jovanovic, about Blythe Masters role at JP Morgan and the similarities between the world today and France of the 18th century on the eve of revolution.

Comment: http://maxkeiser.com/2012/04/11/news-of-the-silver-liberations-attack-in-nyc-on-april-12th-already-has-silver-and-gold-skyrocketing-max-keiser-reverend-billy-178-mott-st-april-12th-8-pm-the-exorcism-of-blythe-masters/

Blythe Masters Refutes Claims that JP Morgan manipulates silver markets

http://www.youtube.com/watch?v=gc9Me4qFZYo

Blythe’s Silver Smoke Screen

http://www.zerohedge.com/contributed/2012-15-10/silver-smoke-screen

Max Keiser

To my knowledge, this is the very first time that JPMorgan has openly acknowledged the allegations against it for manipulating the price of silver.

They are feeling the heat, maybe they know something may be forthcoming from the CFTC and are trying to stay ahead of the fall-out.

They see the physical shortage about to hit, but none of us can be the fly on the wall and know the details.

But we agree that the appearance of the witch Blythe Masters on CNBC likely means JPMorgan is in trouble.

Max Keiser: “The silvermarket has a witch ...”



Pierre Jovanovic: “BlytheMasters is cold”

Rolling Stones – She’s So Cold

http://www.youtube.com/watch?v=Xrx_55SgwAY

[Letsbereal]

CME Lowers Silver, Copper Margins
12 April 2012, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/cme-lowers-silver-copper-margins

While it is unknown if this is merely a bull trap to get yet another bubble going, then to slaughter everyone with the same relentless barrage of margin hikes as we saw in the spring of 2011, or simply volumes in commodities have gotten so low that even the CME is willing to allow a little price appreciation in exchange for participation is unknown, but as of April 16 silver initial and maintenance margins will be 12.5% lower, while copper margins are declining by 20%.

[Letsbereal]

Max Keiser on Mott Street with the Exorcism of Blythe Masters by Rev. B Talen http://www.youtube.com/watch?v=Wlmry45eI3g

Greg over at Backburner news was kind enough to share his video footage of Max Keiser and Reverend Bill Masters on Mott Street 4/12/2012.

Max covers some important issues including fraud in the markets, Wall Street, the role of collateral, Jamie Dimon, JP Morgan, crap deals of JPM, congress, Goldman Sachs, fraud, ECB, IMF, Greece, Spain, Ireland, Germany, derivatives, financial terrorism, global raping-destruction of nation states, toxic securities, credit default swaps, and silver. This video is both entertaining and important.

Reverend Billy of OWS here on Youtube

http://www.youtube.com/user/reverendbillytalen?ob=0&feature=results_main

[Letsbereal]

Silver, Gold, Stocks, India, & Focus on the Fundamentals with David Morgan http://www.youtube.com/watch?v=U4TsowiUv3M

Published on Apr 17, 2012 by silverguru

[Letsbereal]

Silver Porn, Silver Liberation Army 2.0, Blythe CNBS Interview http://www.youtube.com/watch?v=nDYR9059UTM

[Letsbereal]

CrashJPMORGUE http://www.youtube.com/watch?v=XACzA2jYtpA

Over 650 oz of Silver Over 17 oz of Gold. and still stacking.

F you JP Morgue. Long live Max Keiser

[Letsbereal]

JPMorgan near sale of U.S. metal concentrates unit
21 April 2012, (MarketWatch)
http://www.marketwatch.com/story/jpmorgan-near-sale-of-us-metal-concentrates-unit-2012-04-21

J.P. Morgan Chase & Co. is poised to sell its U.S. metal concentrates business, Reuters reported Friday, citing two sources informed of the deal.

A sale could be announced as soon as Monday, although the size of the deal and the buyer weren't clear, according to the report.

A spokeswoman for J.P. Morgan declined to comment to Reuters.

Full story at http://www.reuters.com/article/2012/04/20/us-jpmorgan-concentrates-idUSBRE83J1KS20120420

[Letsbereal]

The Silver Door Is Closing http://dont-tread-on.me/?p=953

[Letsbereal]

RBS cuts several '12 metal forecasts; lifts silver
4 May 2012, by Francesca Freeman - London (MarketWatch)
http://www.marketwatch.com/story/rbs-cuts-several-12-metal-forecasts-lifts-silver-2012-05-04

Royal Bank of Scotland PLC Friday reduced its 2012 price outlook on a range of metals, including gold, while slightly increasing its average price forecast for silver.

The bank cut its gold forecast for this year by 1%, to $1,725 a troy ounce, and its palladium forecast by 9%, to $725/oz.

RBS increased its silver price forecast for 2012 by 3% to $33.00/oz, and cut its 2012 outlook for aluminum, lead, zinc and nickel.

[Letsbereal]

SBSS 25. The Silver Door Is Closing http://www.youtube.com/watch?v=iBCIwrWqOu4

[Letsbereal]

Shanghai Exchange to start Silver futures trading on May 10
3 May 2012, Beijing (Commodity Online)
http://www.commodityonline.com/news/shanghai-exchange-to-start-silver-futures-trading-on-may-10-47846-3-47847.html

The Shanghai Futures Exchange (SHFE) is all set to launch silver futures trading on May 10, 2012. China is one of the biggest producers and consumers of silver in the world.

This will be the second precious metals futures contract on offer by the SHFE following gold and will be aimed a proving an efficient hedging tool for producers and consumers in China.

“China’s miners, manufacturers, retailers and other enterprises, which rely on the precious metal, will undoubtedly welcome the start of domestic silver futures trading, which will allow them to hedge against fluctuating global silver prices”, the Global Times had quoted Li Ning of Shanghai Cifco Futures earlier.

The contract size is set at 15 Kg (500 troy ounces) with a minimum margin requirement of 7%. The daily price range has been fixed at 5%

[Letsbereal]

Gold & Silver will Skyrocket in 2012…got silver? JP Morgan has 5 Million ounces! http://www.youtube.com/watch?v=Ktbkl0SE_vg

Lock & Load Folks!!!

[Letsbereal]

Why Blyth Masters Loves Evil Genius http://www.youtube.com/watch?v=Ud0pdhoisxc

Seems like Blyth is heavely pulling the levers or someone else from the Bizarro PPT is quiet bussy at the moment

BTFD!!!

[Letsbereal]

Silver Just Bounced off $29.24 t oz Low http://www.goldprice.org/spot-gold.html

KITCO advanced Silver Chard (Put it on 1h) - You can scroll the graph with your cursor and get some readings:
http://charts.kitco.com/KitcoCharts/index.jsp?Symbol=SILVER&Currency=USD&multiCurrency=true&langId=EN&utm_source=kitco&utm_medium=banner&utm_content=20110407_iCharts_silver_chart&utm_campaign=iCharts

[Letsbereal]

It's Clear - Just Upside Down
9 May 2012, by Erik Swarts (Market Anthropology)
http://www.marketanthropology.com/2012/05/its-clear-upside-down.html

For the better part of the past year, I have maintained a bearish perspective towards what was once one of the more favorable corners of the market - the precious metals sector; more specifically - silver. This was largely due to a confluence of conditions, namely;

1. The extreme outperformance of silver versus gold through the first half of 2011,

2. Major pivots in both the U.S. Dollar and the Euro, and

3. The underperformance of China's equity markets

And while I am still skeptical of silver and gold's prospects as well as our own equity markets over the longer term, their immediate prospects look quiet compelling - should the price and momentum patterns unfurl as I believe they may.

Essentially, many of the key asset proxies that comprise the risk on/off formula - gold, silver, the silver:gold ratio, the Australian Dollar and the Shanghai Stock Exchange, all present distinctly inverted head and shoulders patterns, as well as secondary momentum signatures, that indicate to me - a violent reversal is approaching in the coming sessions.

Leading the way, the Shanghai Stock Exchange has already completed the right shoulder of its inverted head and shoulders pattern. Not surprisingly, the silver:gold ratio has trended very closely over the past several years with China's appetite for risk. I believe the silver:gold ratio, after completing its contractual agreement with structure - will continue to follow the SSEC, which should put a tailwind behind both the equity and precious metals markets going forward.

All of the assets mentioned above have momentum profiles very similar to the inverted head and shoulders chart of the SPX from last year. I believe we will see a similar reflex trajectory develop as we spring out of the bear trap that is the right shoulder of the respective patterns. Shanghai has already made the turn, the remaining assets should follow in the coming days. 

Considering where the equity markets and these bellwether assets are currently situated - it may be the first year in three where "Sell in May" is no longer the perennial market maxim. 

As always - stay frosty.

[empire]

Do you guys buy your Silver and Gold in physical form, or on the markets?

[Letsbereal]

Do you guys buy your Silver and Gold in physical form, or on the markets?

Only physical. Let's get Physical http://www.youtube.com/watch?v=oZx3-eZeIeI


Max Keiser: http://maxkeiser.com/2012/05/11/the-death-cross-jpms-stock-price-poised-to-cross-below-price-of-silver/

As we’ve been saying for two years. JPM uses it’s own stock to collateralize naked silver short positions (echoes of Lehman and Enron).

My analysis has concluded that liability from a rising silver price vs. loss of collateral value of the stock renders JPM’s balance sheet null and void when JPM’s stock price drops below the price of Silver.

We’ve only seen this a couple of times since I made this call two years ago, BUT NEVER ON A SUSTAINED BASIS of more than a day or so.

When the price of Silver popped over JPM’s stock price, the London desk quickly fabricated a few billion fresh naked silver shorts to tamp silver’s price down.

Given this week’s revelations regarding JPM’s reckless balance sheet incineration the ‘crash jp morgan, buy silver’ trade has never been more important as a way to take down this financial terrorist.

The SLA has been winning battles all along. Now we are poised to win the war as well. Bye-bye Jamie. NOTE TO HEDGE FUNDS: Sell JPM’s stock naked to Hell.

This is the easiest money you’ll make this year.


Ben Davies – 3rd LTRO Coming & Fed to Power Up Swap Lines http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/5/11_Ben_Davies_-_3rd_LTRO_Coming_%26_Fed_to_Power_Up_Swap_Lines.html

The JPM losses are the whiff of a significant deflationary force in play. JPM losses as a wise PM told me – $2 billion why not $20 billion. Is this bad risk management?

This loss happened in the risk mitigation unit and not a risk taking one.

There have been dislocations in the credit market these last few months and now we know why.

Is it that the derivatives risk is becoming more and more centered with a few banks, and collateral is just not forthcoming because the collateral has been promised many times over?

As we move towards central clearing of these contracts will we see legal reconstitution of said contracts to obfuscate the reality that they are worthless.

They are being exposed for the sticks of dynamite, under the foundations of the financial system, that they are.

[Letsbereal]

MELTDOWN UPDATE: The JP Morgan Derivatives Book is Blowing Up – Bix Weir http://www.youtube.com/watch?v=ZOZYkyQx4uw

16 May 2012 by SGTbull07

BTFD!!!

This is a breaking meltdown update with Bix Weir. Bix says

“This is what the end game looks like… JP Morgan can literally computer rig this thing to zero and shut down the market.

I say let em. The trick is to stay out of their system.”


RECAP: Silver Porn, Silver Liberation Army 2.0, Blythe CNBS Interview http://www.youtube.com/watch?v=nDYR9059UTM

[Letsbereal]

WoW the heat is on!!!

Silver bouncing back from $26.78/oz low as is gold from $1,531/oz low.

Where will it end…..?

[Letsbereal]

Ben Davies - The Gold & Silver Liquidation is Over
18 May 2012, by Eric king (King World News)
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/5/18_Ben_Davies_-_The_Gold_%26_Silver_Liquidation_is_Over.html


RECAP: WARNING: THE BULLION BANKS ARE LOSING CONTROL – Jim Willie http://www.youtube.com/watch?v=iPvBQ1qscpg

[Jacob Law]

whats this mean?

[Letsbereal]

whats this mean?

This might clear up some things for you: Less short positions suggests we've reached a trading bottom.

KWN Metals Wrap – Audio, 19 May 2012 http://kingworldnews.com/kingworldnews/Broadcast/Entries/2012/5/19_KWN_Markets_%26_Metals_Wrap.html

If not don't hesitate to ask me a more specific question.

[Letsbereal]

'Silver may shoot up from $28/oz to $36 in 2012'
18 May 2012, by Theaurepor (Commodity Online)
http://www.commodityonline.com/news/silver-may-shoot-up-from-$28oz-to-$36-in-2012-48135-3-48136.html

[Letsbereal]

Ellis Martin Report with DAVID MORGAN: SILVER “Bottoms Up?” http://www.youtube.com/watch?v=paOBogjfshA

18 May 2012

In this interview with Ellis Martin, David Morgan (The Silver Guru) shares his opinion as to whether or not the bottom has come and gone in the precious metals market,

whether it be the price of the physical commodities or junior mining stocks. Is it time to jump back in?

‪http://www.ellismartinreport.com‬ ‪

http://www.themorganreport.com‬


David Morgan Interviewed by VisionVictory on the Silver Price http://www.youtube.com/watch?v=ipowaj5GW8U


Evil Genius: Naked short mining stocks so mining goes out of business which means less silver on the market=higher silver prices

Flood those mines ...gna, gna, gna ... Who needs mining?

Don't buy any mining stocks cause they are to risky gna, gna, gna ...

Strikes, Nationalisation, suddenly changing Tax Laws ... don't do i!

Buy physical silver - BTFD!


Gold miners need $3,000 price in five years - gold council
14 May 2012, (Reuters)
http://www.reuters.com/article/2012/05/15/peru-mining-wgc-idUSL1E8GF0AR20120515

[Letsbereal]

TIPS FROM DAVID MORGAN -- SILVER PRICES,MINING STOCKS, AND PRECIOUS METAL INVESTMENT http://www.youtube.com/watch?v=LDxHE6RtUnA

[Letsbereal]

The death cross: JPM’s stock price poised to cross below price of silver.
1 June 2012, by Max Keiser (maxkeiser.com)
http://maxkeiser.com/2012/06/01/the-death-cross-jpms-stock-price-poised-to-cross-below-price-of-silver/

As we’ve been saying for two years. JPM uses it’s own stock to collateralize naked silver short positions (echoes of Lehman and Enron).

My analysis has concluded that liability from a rising silver price vs. loss of collateral value of the stock renders JPM’s balance sheet null and void when JPM’s stock price drops below the price of Silver.

We’ve only seen this a couple of times since I made this call two years ago, BUT NEVER ON A SUSTAINED BASIS of more than a day or so.

When the price of Silver popped over JPM’s stock price, the London desk quickly fabricated a few billion fresh naked silver shorts to tamp silver’s price down.

Given this week’s revelations regarding JPM’s reckless balance sheet incineration the ‘crash jp morgan, buy silver’ trade has never been more important as a way to take down this financial terrorist.

The SLA has been winning battles all along. Now we are poised to win the war as well. Bye-bye Jamie.

NOTE TO HEDGE FUNDS: Sell JPM’s stock naked to Hell. This is the easiest money you’ll make this year.

The JPM losses are the whiff of a significant deflationary force in play. JPM losses as a wise PM told me – $2 billion why not $20 billion. Is this bad risk management?

This loss happened in the risk mitigation unit and not a risk taking one. There have been dislocations in the credit market these last few months and now we know why.

Is it that the derivatives risk is becoming more and more centered with a few banks, and collateral is just not forthcoming because the collateral has been promised many times over?

As we move towards central clearing of these contracts will we see legal reconstitution of said contracts to obfuscate the reality that they are worthless.

They are being exposed for the sticks of dynamite, under the foundations of the financial system, that they are.
From: Ben Davies – 3rd LTRO Coming & Fed to Power Up Swap Lines http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/5/11_Ben_Davies_-_3rd_LTRO_Coming_%26_Fed_to_Power_Up_Swap_Lines.html

[Letsbereal]

HOT SUMMER FOR SILVER & GOLD – WORDWIDE QE IMMINENT

Greyerz – Worldwide Package Coming From Fed, ECB & IMF
9 June 2012, by Eric King (King World News)
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/6/9_Greyerz_-_Worldwide_Package_Coming_From_Fed,_ECB_%26_IMF.html

Egon von Greyerz Sunday, June 10, 2012 – AUDIO http://kingworldnews.com/kingworldnews/Broadcast/Entries/2012/6/10_Egon_von_Greyerz.html

[ekimdrachir]

So are we in for Silver at 15 or 50 this summer?

[empire]

Just a thanks to Letsbereal for keeping us uptodate on the latest regarding the Gold and Silver markets.

Some folks I know don't by into the whole deliberate crash; but with all the links and info I've sent on they are finally starting to overcome (to some degree ) their normalcy bias and beginning to understand that the (financial) status quo is not guaranteed, and a crash (be it deliberate or not) could well be on the cards.

Even if nothing happens, you lose nothing investing (at least a small percentage!!!) in silver and gold; but if the inevitable collapse does occur you lose everything. In stable times, sure you can play the game, but in such uncertain times, doing nothing and hoping for the best is just complete and utter madness IMO. Even the most financial illiterate among us (put's hand up) can see the dominoes falling.

[Valerius]

I've noticed that the silver coin prices on ebay do not seem to reflect this spot price drop. Have no idea what that means.

[Letsbereal]

Cartel Dumps 9,000 Paper Silver Contracts in 10 Minutes During AM Futures Raid
14 June 2012, (Silver Doctors)
http://www.silverdoctors.com/cartel-dumps-9000-paper-silver-contracts-in-10-minutes-during-am-futures-raid/

We recently posted regarding this morning’s water-fall raid in silver at 9:30am EST that drove silver .80 lower in minutes.

SPOT volume data indicates 9,157 contracts were dumped on the market in a span of 10 minutes- 45.8 million paper ounces of silver.

Take a moment to put this latest paper futures silver raid in perspective:

THIS IS LARGER THAN THE ENTIRE US MINT SILVER EAGLE SALES FOR 2011 AT 40 MILLION OUNCES!

Between 9:30 and 9:35 AM 4,892 contracts were dumped on the market,

and between 9:35 and 9:40 another 4,265 contracts were dumped indiscriminately, for a total of 9,157 contracts in a 10 minute span ON NO MARKET MOVING NEWS!!!

Prior to the raid  volume had been averaging 500-700 contracts/ 5 minute period throughout the morning.

[Letsbereal]

Get Ready for the Silver Breakout
14 June 2012, by Andy Hecht (Sovereign-Investor)
http://sovereign-investor.com/2012/06/14/get-ready-for-the-silver-breakout/

Excerpt:

The Silver Correction is Coming to an End

In April 2011, the price of silver began a long and deep period of correction.

After trading at $49.82, the price retreated to a low of around $26.

That correction has lasted more than a year, but is now coming to an end.

The interesting thing is that silver, very quietly, has broken above short-term resistance at $29.

The next level of resistance is $32 and, after that, the sky’s the limit.

In fact, the current bullish state of the gold market is just what silver needs to propel it higher.

When the gold price makes a new high in 2012, so will silver – and that could be significantly north of $50 an ounce.

----

The chart above tells the story. There is major support for the silver price at $26. Short-term support lies at a tad over $27.

But don’t be surprised if silver takes over the lead and gold follows the rise.

Its dual nature as a precious and industrial metal will turbo-charge the coming bull move.

The Silver-Gold Ratio is High

The silver-gold ratio reflects the relationship of the value of silver relative to gold.

Dividing the price of gold by the price of silver is the calculation for this relationship.

Back in ancient times the ratio was 2.5:1, when silver traded at $50 in 1980, the ratio was 16:1. At its 2011 peak, the ratio was 32:1.

Today, the ratio stands at more than 55:1. That means it takes more than 55 ounces of silver to equal the value of one ounce of gold.

That is because silver has been viewed as an industrial metal over the past year and the market seems to have forgotten its value as money.

Buy Silver While it is Still Cheap

But that won’t be the case for long. Silver will soon break higher and re-establish itself as a precious metal.

As gold moves higher, silver volatility will pick up and the buyers will once again come out of the woodwork.

The best way to own silver today is to buy coins and bars.

There are some cheap silver producers like Silver Wheaton (SLW) out there. But, the purest play is to own the commodity itself.

Get ready, folks. When silver breaks higher this time, $50 will be a distant memory.

And silver’s role as an industrial metal will once again take the backseat to its role as a precious metal.

At less than $29, the time to buy is now.

Your eyes and ears in the commodities market,