13 February 2012
SilverDoctors: Guest Post: Even the Inflation Adjusted Prices of ...
SilverDoctors: Guest Post: Even the Inflation Adjusted Prices of ...: AGXIIK on his war with Fidelity and why he is closing his account and converting to Phyzz. Even the Inflation Adjusted Prices of Monkeys i...
SilverDoctors: Iran False Flag Becomes a Possibility as US Vice A...
SilverDoctors: Iran False Flag Becomes a Possibility as US Vice A...: The alternative media has been swirling the past few weeks with speculation that the US military is planning a False Flag attack on the soon...
Italy and its Debt to GDP/Greece debt problems/USA Debt Problems/Gold and silver raid/
Saturday, February 11, 2012
Good morning Ladies and Gentlemen:
Somebody did hack into my computer. We are trying to remove the virus.
Before proceeding, we had two bank failures last night as they entered our banking morgue.
1. SCB Bank of Shelbyvile In.
2. Charter National Bank and Trust, Hoffman Estates, IL.
On Thursday we saw gold and silver equity shares languish throughout the day followed by the whacking of the metal in the access market...a sure sign of a major offensive shorting move by the bankers. They did not disappoint, much to the glee of the regulators who stand by collecting their salaries and doing absolutely nothing stopping this collusive and criminal action by the bankers as they supplied copious amounts of non backed paper driving the price of the precious metals lower on Friday. The price of gold finished the comex session at $1722.00 down 17 dollars. The price of silver held its ground falling only 28 cents to $33.60.
Let us head over to the comex and assess the damage.
The total comex gold OI fell by 1071 contracts with the final reading for Friday registering 431,076 contracts. The front delivery month of February saw its OI fall by 32 contracts from 818 to 786. We had only 10 deliveries on Thursday so we lost 22 contracts or 2200 oz of gold standing as Blythe did some cash settlements with these longs. The next big delivery month is April and here the OI fell slightly form 236,981 to 235,628. The estimated volume on Friday was bigger than normal coming in at 191,182 as our banking heroes supplied a great number of non backed paper and drove the metal price down. The confirmed volume on Thursday was also high at 172,861 as the raid commenced on Thursday afternoon in the access market.
The total silver comex OI refused to budge. The final reading for Friday rose by 34 contracts to 105,366
as the commencement of the raid had little effect on our silver longs. The front options expiry month of February saw its OI mysteriously rise for the second straight day to 64 from 34 despite zero delivery notices again. Again this means that some entity needed silver badly and yet no physical silver could be found at the comex silver warehouses to supply these entities with the necessary metal. The next big delivery for silver is March and we are less than 3 weeks away from lst day notice. Here the OI fell slightly from 40,979 to 39,967 contracts as some of the March silver longs rolled to May. It seems that the remaining longs are resolute as they prepare to tackle our bankers as physical silver is depleting around the world. The estimated volume on the silver comex on Friday came in at 58,209 which is very high for silver lately as the bankers tried to shake some of the silver leaves from the silver tree (and probably failed). The confirmed volume on Thursday was also high at 55,297.
MORE
Good morning Ladies and Gentlemen:
Somebody did hack into my computer. We are trying to remove the virus.
Before proceeding, we had two bank failures last night as they entered our banking morgue.
1. SCB Bank of Shelbyvile In.
2. Charter National Bank and Trust, Hoffman Estates, IL.
On Thursday we saw gold and silver equity shares languish throughout the day followed by the whacking of the metal in the access market...a sure sign of a major offensive shorting move by the bankers. They did not disappoint, much to the glee of the regulators who stand by collecting their salaries and doing absolutely nothing stopping this collusive and criminal action by the bankers as they supplied copious amounts of non backed paper driving the price of the precious metals lower on Friday. The price of gold finished the comex session at $1722.00 down 17 dollars. The price of silver held its ground falling only 28 cents to $33.60.
Let us head over to the comex and assess the damage.
The total comex gold OI fell by 1071 contracts with the final reading for Friday registering 431,076 contracts. The front delivery month of February saw its OI fall by 32 contracts from 818 to 786. We had only 10 deliveries on Thursday so we lost 22 contracts or 2200 oz of gold standing as Blythe did some cash settlements with these longs. The next big delivery month is April and here the OI fell slightly form 236,981 to 235,628. The estimated volume on Friday was bigger than normal coming in at 191,182 as our banking heroes supplied a great number of non backed paper and drove the metal price down. The confirmed volume on Thursday was also high at 172,861 as the raid commenced on Thursday afternoon in the access market.
The total silver comex OI refused to budge. The final reading for Friday rose by 34 contracts to 105,366
as the commencement of the raid had little effect on our silver longs. The front options expiry month of February saw its OI mysteriously rise for the second straight day to 64 from 34 despite zero delivery notices again. Again this means that some entity needed silver badly and yet no physical silver could be found at the comex silver warehouses to supply these entities with the necessary metal. The next big delivery for silver is March and we are less than 3 weeks away from lst day notice. Here the OI fell slightly from 40,979 to 39,967 contracts as some of the March silver longs rolled to May. It seems that the remaining longs are resolute as they prepare to tackle our bankers as physical silver is depleting around the world. The estimated volume on the silver comex on Friday came in at 58,209 which is very high for silver lately as the bankers tried to shake some of the silver leaves from the silver tree (and probably failed). The confirmed volume on Thursday was also high at 55,297.
MORE
Israeli Embassies Attacked In Three Countries, Netanyahu Blames Iran
Mamta Badkar | 2 hours ago |
A bomb attack aimed at members of the Israeli embassy has injured four people in New Delhi, India, according to NDTV.
Israeli officials have said there was another attempt on a diplomat's car in Tbilisi, Georgia, but the device did not go off. A Georgian worker at the Israeli embassy in Tbilisi said he heard strange noises in his car and alerted the police, according to Haaretz.
Security officials found the explosive device underneath the car and prevented the attack. Israeli diplomats were also reportedly targeted in Amsterdam, Netherlands.
MORE
A bomb attack aimed at members of the Israeli embassy has injured four people in New Delhi, India, according to NDTV.
Israeli officials have said there was another attempt on a diplomat's car in Tbilisi, Georgia, but the device did not go off. A Georgian worker at the Israeli embassy in Tbilisi said he heard strange noises in his car and alerted the police, according to Haaretz.
Security officials found the explosive device underneath the car and prevented the attack. Israeli diplomats were also reportedly targeted in Amsterdam, Netherlands.
MORE
Warren Buffett Trashes Gold, But What About Silver?
“Gold gets dug out of the ground, then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”-Warren Buffett
In a recent Fortune article, Warren Buffett provided a glimpse into his upcoming annual shareholder letter. Buffett used this opportunity to once again remind everyone how much he dislikes gold. He cites gold’s limited industrial demand and places the precious metal in a category of assets that “will remain lifeless forever.” However, there are two precious metals that are considered to be monetary safe-havens. Sometimes referred to as gold’s little brother, silver has also acted as a hedge against uncertainty and fiat currencies. Furthermore, its industrial use is far from being lifeless.
Buffett paints another analogy of the world’s gold stock as a useless cube that would fit within a baseball infield. At $1,750 per ounce, this pile of gold would be worth $9.6 trillion. He then visualizes another pile where as an equal amount, you could buy all U.S. cropland, 16 Exxon Mobils and still have $1 trillion left over for “walking-around money.” He wonders what investor with $9.6 trillion would select the gold pile over the latter. While Buffett’s thinking about gold is somewhat understandable, he continues to omit silver from the conversation. Maybe Buffett is still sour from his past venture into the most conductive metal known to man?
Beginning in 1997, the legendary value investor reportedly purchased a whopping 130 million ounces of silver between approximately $4.50 and $6 per ounce. According to Silver Monthly, from 1997 to 2006, Buffett’s investment fund-Berkshire Hathaway-accumulated over 37 percent of the world’s known silver supply. At Berkshire’s annual shareholder meeting, Buffett was asked about the fund’s silver investment. He said, “We had a lot of silver once, but we don’t have it now, and we didn’t make much on our prior holdings. I bought early and sold early.” Although silver trades near $30 an ounce today, Buffett sold his position near $7.50 an ounce. There is heavy speculation as to why Buffett sold his position, but the underlying reasons for holding silver have not changed. In fact, the reasons for building a position in silver continues to grow.
MORE
In a recent Fortune article, Warren Buffett provided a glimpse into his upcoming annual shareholder letter. Buffett used this opportunity to once again remind everyone how much he dislikes gold. He cites gold’s limited industrial demand and places the precious metal in a category of assets that “will remain lifeless forever.” However, there are two precious metals that are considered to be monetary safe-havens. Sometimes referred to as gold’s little brother, silver has also acted as a hedge against uncertainty and fiat currencies. Furthermore, its industrial use is far from being lifeless.
Buffett paints another analogy of the world’s gold stock as a useless cube that would fit within a baseball infield. At $1,750 per ounce, this pile of gold would be worth $9.6 trillion. He then visualizes another pile where as an equal amount, you could buy all U.S. cropland, 16 Exxon Mobils and still have $1 trillion left over for “walking-around money.” He wonders what investor with $9.6 trillion would select the gold pile over the latter. While Buffett’s thinking about gold is somewhat understandable, he continues to omit silver from the conversation. Maybe Buffett is still sour from his past venture into the most conductive metal known to man?
Beginning in 1997, the legendary value investor reportedly purchased a whopping 130 million ounces of silver between approximately $4.50 and $6 per ounce. According to Silver Monthly, from 1997 to 2006, Buffett’s investment fund-Berkshire Hathaway-accumulated over 37 percent of the world’s known silver supply. At Berkshire’s annual shareholder meeting, Buffett was asked about the fund’s silver investment. He said, “We had a lot of silver once, but we don’t have it now, and we didn’t make much on our prior holdings. I bought early and sold early.” Although silver trades near $30 an ounce today, Buffett sold his position near $7.50 an ounce. There is heavy speculation as to why Buffett sold his position, but the underlying reasons for holding silver have not changed. In fact, the reasons for building a position in silver continues to grow.
MORE
Total Chaos; Riots Rage; Athens Resembles War Zone
MISH'S
Global Economic
Trend Analysis
Coverage of the chaos in Greece is now everywhere I look. Here is a sampling of stories:
The Guardian
Greek protesters fight with police as parliament agrees cuts deal
As more than 40 buildings went up in flames, including two historic cinemas and several banks, Athens city centre was left resembling a war zone with cafes and shops smashed and looted as MPs backed the austerity measures by 199 votes to 74 in the single most important ballot in modern Greek history.
MORE
Global Economic
Trend Analysis
Coverage of the chaos in Greece is now everywhere I look. Here is a sampling of stories:
The Guardian
Greek protesters fight with police as parliament agrees cuts deal
As more than 40 buildings went up in flames, including two historic cinemas and several banks, Athens city centre was left resembling a war zone with cafes and shops smashed and looted as MPs backed the austerity measures by 199 votes to 74 in the single most important ballot in modern Greek history.
MORE
SilverDoctors: Asia Buying Gold On Dips - “Empires May Fall, Curr...
SilverDoctors: Asia Buying Gold On Dips - “Empires May Fall, Curr...: Gold opened in Asia nearly $13 higher at $1,734.90/oz (after closing at $1,719.60 on Friday) prior to giving up those gains and trading bac...
SilverDoctors: Greece Agrees to New Bailout Terms & Austerity Mea...
SilverDoctors: Greece Agrees to New Bailout Terms & Austerity Mea...: The Greek parliament tonight voted to pass the new austerity measures to receive an additional €210 billion , even while Greek citizens li...
SilverDoctors: Jim Sinclair: Dollar Hyperinflation/ Full Gold Val...
SilverDoctors: Jim Sinclair: Dollar Hyperinflation/ Full Gold Val...: Jim Sinclair has just sent the following warning to email subscribers, and for the first time, has put a timeline on hyperinflation of the U...
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