Canadian banking haven myth exposed

Canadian banking haven myth exposed

"One of the reasons that Canadians (and international commentators, other finance ministers and global financial institutions) buy this Canadian banking fairy tale is the way the government accounts for the money borrowed to support the banks." The sorry spectacle of Conservat

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Get rid of your mortgage, loans, because interest rates set to rise

Get rid of your mortgage, loans, because interest rates set to rise

Get rid of your loans, guys and gals, because we are going into a high interest rate period. Very high. It will be the equivalent of going into the double digit interest rates we had in the 80s where many people threw their house keys at the bank and we had record numbers of ba

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E-cigarettes save lives, money

E-cigarettes save lives, money

"We know that cigarettes have thousands of chemicals in them and we know that they are killing us. They have been for over a hundred years. So now, the e-cig industry comes along with only one or two chemicals in their mixture and people are freaking out over these as well. Whe

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US inches closer to big bank charges

US inches closer to big bank charges

Federal prosecutors are nearing criminal charges against some of the world’s biggest banks, according to lawyers briefed on the matter, a development that could produce the first guilty plea from a major bank in more than two decades. In doing so, prosecutors are confronting

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Canada’s home sales top predictions; why a real estate crash is inevitable

Canada’s home sales top predictions; why a real estate crash is inevitable

“The assurance of relatively low borrowing costs has likely given home buyers confidence while rising home values have kept new listings at a healthy level. Stable employment has provided some assurance to owners and buyers alike.” Our website is back after many months of

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Comparing today’s recession/depression to the 1980 recession

Comparing today's recession/depression to the 1980 recession

"Much like today, Americans were concerned not only with high unemployment but increasing budget deficits in the early 1980s. A September 1983 Gallup poll found that three-fourths of the public agreed that the federal government's budget deficit was a great threat (42%) or some

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Why savers are getting screwed

Why savers are getting screwed

"Without the intervention of economic policymakers, interest rates would be naturally higher. That would increase the cost of borrowing for businesses and consumers, but there would be some offsetting economic benefits. Savers are getting screwed by the current monetary policy

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Geithner admits USA bankrupt to US Senate

Geithner admits USA bankrupt to US Senate

"Never in our history has Congress failed to increase the debt limit when necessary. Failure to raise the limit would precipitate a default by the United States. Default would effectively impose a significant and long-lasting tax on all Americans and all American businesses

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World economies on verge of currency revaluations to deal with debt

World economies on verge of currency revaluations to deal with debt

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." -- Henry Ford Basically what the world central banks are doing is increasing their money by devaluin

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Is Obama the next Mugabe of Zimbabwe?

Is Obama the next Mugabe of Zimbabwe?

"America, Britain, Japan, Germany, France, Sweden, Holland, Norway, Canada and Australia make up the Fishmongers Group and their meeting on Tuesday will deliberate on the state of the inclusive government, debt relief, public finance administration and the controversial economi

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US raiding foreign countries with dollars, not soldiers

US raiding foreign countries with dollars, not soldiers

""The United States is going to China and saying: we want you to commit economic suicide, just like Japan did. We want you to follow the same thing: we want you to revalue your currency, we want you to squeeze your companies, we want you to go bankrupt,” says Michael Hudson,

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FDIC wants your retirement cash to save banks: Bloomberg

FDIC wants your retirement cash to save banks: Bloomberg

“The FDIC is constantly looking at structures where we can get the greatest opportunity to tap into capital that we have not had the success reaching through previous disposition methods,” FDIC spokeswoman Michele Heller said in an e-mailed statement. “We welcome and work

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sunshine silver bars bullion
Thanks to gold’ selling about 50 times the price of silver, you may be perplexed to hear that silver is more precious than gold. It seems an obvious contradiction, but the meaning is exactly that silver has a high demand by industry, while gold has limited demand, except for jewelry and some off-hand uses like electronics. In terms of its necessity in a modern society, silver bullion has the highest value and most utility. An ounce of silver is more valuable to industries because of its wide array of uses.

For 60 years, more silver has been consumed by industry than gold produced. It’s the circumstance most optimistic about a product. Again, silver is in greater demand by industrial users in the world that is gold. However, gold is selling at fifty times the price of money. It makes one wonder if this is merely irrational exuberance of gold or something else.

For the past 60 years silver has been dumped on the market without much regard to price. The U.S. government sold the stocks of five billion ounces. This money was used by the industry and is gone forever. A few years ago, the U.S. Mint announced that they were to buy silver on the open market.

This is the only part of the story. You may be shocked to learn that there is more gold around than silver on the earth. Approximately five times more gold is documented in supplies above ground than silver. In addition, there are fewer years of silver production remains underground to be mined than gold. These powerful events are not currently reflected in the price. However, one day they will. Therefore, the possibility of profit exists in silver like no other time in history. Nothing in the world has the opportunity to increase your net worth as silver bullion.

Why I Would Manipulate Silver, IF
(IF I were a central bank!)
Silver Stock Report
by Jason Hommel, July 8th, 2009

Goldman Sachs has admitted that they have a computer program that can be used to manipulate markets.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a_6d.tyNe1KQ

“The bank has raised the possibility that there is a danger that somebody who knew how to use this program could use it to manipulate markets in unfair ways,”

For over ten years, www.GATA.org has gathered information and admissions from central bankers and major bullion banks that the price of gold on the world market is manipulated lower than it should be. Well, one more admission is close enough for me to be counted as one more proof.

Many people are paid to deny such manipulation of course, because the people who are doing the manipulating are earning a lot of money from their ability to print money at will, without it showing up in a rising gold price.

One of the more preposterous denials of manipulation is that keeping silver down in a rising market would simply cost too much, as nobody could afford the losses.

That’s just propaganda, of course. Losses on bad trades, such as being short the silver market, must be taken by somebody.

But my strength lies in running the numbers, using estimates, and exaggerations, to prove the point.

At the most, I’ve seen the silver market with a total open interest of up to 800 million ounces. This is a rare top, of course, but it can be used to determine a hypothetical maximum of “total losses” for being short silver during the entire bull market.

Silver has moved from a low of about $4.15/oz. in early 2003. Since then, silver topped out at about $21/oz. in the spring of 2008.

Using those three figures can give us a maximum total estimate of COMEX paper silver losses, assuming 5 unreasonable and exaggerated things.

1. That the short position was all put on, and initiated, entirely, at $4.15 — which it wasn’t, it was put on starting at the former top in 1980 of $50/oz, and major bullion banks have always been short, ever since.

2. That the short position was completely covered at the top of $21 — which it wasn’t, and it got much bigger at the top, and again, after that top, around $16/oz, as the banks sold 41 times more paper silver as was purchased by physical silver investors in a month, which helped to push the price down to $8/oz, which was very profitable for part of their position.

There’s no question about it, the markets can be very difficult at times. On the other hand, you can laugh all the way to the bank if you approach the markets in a systematic way.

We were looking once again at the S&P 500 and many people have said the market has gone up, not on the fundamentals, but on the perception that things are going to be better. Perception is one of the most powerful elements of the market. We would say that perception trumps both the fundamental and technical.

So what’s going to happen to the S&P 500? Is it going to continue going higher for the rest of the year, or are we close to a turning point?

In this new short video, we outline several key areas that this market is fast approaching. These levels could be the Achilles heel for this market and potentially set the direction for the rest of the year.

As always, the videos are free to watch and there is no need to register.

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  2. Why Silver has not reached 31 year high“particularly gold and silver, are likely to remain underpinned as concerns about the stability of the Mideast region continue and investors opt for safe-haven asset types,” said James Moore, analyst...
  3. Silver best hedge against inflation: Kiyosaki...
  4. Gold prices hit new high; estimated high of $50,000 per ounce“Gold futures rallied to a record over $1,380 an ounce Thursday, and silver futures rocketed more than 6%, after investors piled into precious metals as a hedge against the sinking...
  5. Utah Considers Return to Gold, Silver Coins amid failure of US dollar“”People sense that in the era of quantitative easing and zero interest rates, something has gone haywire with our monetary policy. But people are afraid to say it,” said Bell....
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This entry was posted on Monday, October 12th, 2009 at 12:18 pm and is filed under Survival Tips. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

1 Comment

  1. July 9, 2010 @ 9:00 am


    silver Rocks !!!

    Posted by Mark

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