SilverDoctors: Nearly Entire Open Interest in COMEX Silver Trades...

SilverDoctors: Nearly Entire Open Interest in COMEX Silver Trades...: The all-out cartel paper attack on silver continues.  We documented last week how the cartel dumped 225 million ounces of paper silver on th...

SilverDoctors: Algo's On! Gold & Silver Update- PM's Raided to 6...

SilverDoctors: Algo's On! Gold & Silver Update- PM's Raided to 6...: Silver is selling off hard again this morning, down over 4% to $32.45 at one point.  Perhaps those who continue to believe that silver is a...

A Cautionary Tale of Crony Consumer Capitalism for China and America's Last Free Market

Break Up The Banks… ‘Not Going to Happen’ (with Nomi Prins)

According to the FDIC, in 2011, there were no new banks created in the US, making it the first year in decades the country has gone without the establishment of a single start-up lender, according to the Financial Times. We'll also show you a new video from Public Citizen, calling on Bank of America to break up. Nomi Prins, author of "Black Tuesday" discusses.

Silver Update 3/5/12 Derivative Silver

Richard Russell - A New Golden Age or The New Normal?

With gold holding near the $1,700 level, today the Godfather of newsletter writers, Richard Russell, had this to say about what is happening in the markets and on the streets: “Treasuries provide you with zero or minus yields. So, in general the little guy is stuck with whatever meager money his salary brings in after taxes. And as for savings, well, that's just the dream of a decade ago.”

Richard Russell continues:


“If the little guy is lucky enough to have a real job, he's angry at the big mucky-mucks on Wall Street or at the bankers who are pulling down millions. These guys (the suits) appear on Bloomberg with their green-striped or purple silk ties and talk about Greece or whether auto sales are flat or going a bit higher.

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Fleckenstein - Fears of a Banking Collapse, Dow 13,000 & Gold

Today Bill Fleckenstein, President of Fleckenstein Capital, told King World News the Federal Reserve is totally out of control and thinks nothing of turning the US dollar into confetti. But first, when asked what his biggest concern was going forward, Fleckenstein responded, “The fact that the Europeans have gotten themselves in this mess, where they pretend like they are not going to print money and then they do print money. But they don’t ever print enough to get past this point.”

Bill Fleckenstein continues:

“Nor do they say, ‘Okay, we’re going to actually be a hard currency and suffer the consequences.’ No one is willing to do that in this day and age. So you’ve got this constant distraction of stumbling around in Europe and there is this fear that they will do something really stupid and the banking system will collapse.

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Turk - Central Banks Intervened in Gold Out of Desperation

With gold near $1,700 and silver below $34.00, today King World News interviewed James Turk out of Spain. Turk told King World News what level on gold will hold, in the aftermath of the central bank intervention. Here is what Turk had to say about the situation: “We’ve seen this so many times over the past twelve years, Eric. I’m taking last week’s smash in the metals in stride. The fact that central banks chose to intervene when silver had broken out on massive volume and gold was on the verge of a breakout is not surprising. The situation was getting desperate and they had to intervene at that point or things were going to get out of control on the upside.”

James Turk continues:


“For anyone who has been accumulating precious metals over the past twelve years, you have all seen this time and again. But there is an important point to take from this observation, Eric. All of the ham-fisted interventions in the past were eventually overcome, and much higher prices were achieved. I don’t expect this time to be any different from any number of times we have seen this in the past.

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