Comment

Comment by jenny green on May 21, 2011 at 9:22pm

EXCELLENT Article Dennis!! How true that so many of these currency values are manipulated & coordinated by the Govts!

Comment by Maria De Wind on May 21, 2011 at 12:22am

Silver Shortage Causes Price Disconnect

 

Commodity Prices Disconnect from Physical

 

Physical/Futures price disconnect: two prices of silver NOW EVIDENT...

Comment by Maria De Wind on May 15, 2011 at 10:39pm

Physical Silver is Really $50 per Ounce (80% Premium on COMEX Silve... March 5, 2011 12:21

 

This just in from Harvey Organ's review of the gold and silver market.  

 

Wynter_Benton update on their recent raid With permission, I can update the results of our raid. It was successful beyond imagination but that "success" has spawned even more questions about the price of paper silver going forward. It was reported by SGS that he heard that on Friday Blythe was offering 30-50 percent premium and that at least 4500 hundred contracts will stand for delivery. I am here to give you a more accurate update (and a first hand account of what happened on Friday Feb 25). Our group was detemined to stand for delivery going into Monday because we were not going to take a 30 percent premium on a price of $33.50. It was reported that Blythe offered 50 percent premium. That was not even close in our case. We got over 80 percent premium. That's right. Over $50 per contract on the condition that our group sell all our contracts. Our counterparty even threatened us with the ghost of Herstatt. They openly admitted that they could not deliver even 20 million ounces to us but that if we stood for delivery they would be sure that they make delivery to everyone else before they defaulted on us which would make us 'unsecured creditors'. They told us directly that they could not allow even 5000 contracts to stand for delivery because they could not deliver a mere 20 million ounces. Like Vito Corleone said, "I'm gonna make him an offer he can't refuse." And indeed we did not refuse as this was our intention all along.

 

These sets of facts from our traders lead us to believe that the paper price of silver may have a difficult time surpassing $36 because if the counterparty at the Comex is so willing to pay north of $50 to dissuade people from standing for delivery yet the paper price of silver is still under $35, then we suspect that losses triggered by derivatives is the main reason for the price suppression of silver. We can see no reason why they would not allow the paper price to go up yet are so glad to pay off the comex contracts to show the world that so few are standing for delivery. In our mind, Comex could default with if as little as 4,000 contracts stood for delivery. We are very curious to see how high the paper price of silver actually trades during this run. Posted by Louis Cypher"

 

It should now be obvious to all that silver is a fractional reserve system.  Just like a fractional reserve bank, when there is more demand for the actual underlying good (i.e. silver or money) than there is a real physical supply for, it's called a "run on the bank".  Those who get in line first, get their silver.   Everyone else will end up as an "unsecured creditor", holding a worthless piece of paper when the music stops. 

 

 

 

Comment by Maria De Wind on May 10, 2011 at 12:51am

And So It Continues: Another 92 Thousand Ounces In Physical Silver ...

 

James Turk - “Silver Will Hit New Highs in a Matter of Weeks

Comment by Maria De Wind on May 9, 2011 at 11:29pm

Prices are going up again !

Comment by truth on May 9, 2011 at 11:29pm

Anatomy of Silver Manipulation - How Low Can It Go?

Comment by Localtarian on May 9, 2011 at 9:35pm

Comment by Maria De Wind on May 8, 2011 at 11:18pm

 

 

Comment by Maria De Wind on May 5, 2011 at 10:54am

Mexico, Russia, Thailand Add $6 Billion of Gold to Reserves, IMF Data Show

 

Mexico, Russia and Thailand added gold now valued at about $6 billion to their reserves in February and March as prices advanced to a record, the dollar weakened and Treasuries lost investors money. Mexico bought 93.3 metric tons since January, adding to holdings of about 6.9 tons, according to International Monetary Fund data. Russia increased its reserves by 18.8 tons to 811.1 tons in March and Thailand expanded assets by 9.3 tons to 108.9 tons in the same month, the data show.

Comment by Anti Oligarch on May 3, 2011 at 4:19am

Don't miss out!! Every drop in Gold and Silver prices is a buy opportunity.

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