Saturday, April 21, 2018

Is This The Long-Awaited Silver Short Squeeze, The Beginning Of The Next Bull Market, Or Both? Or, Sigh, Neither?

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by John Rubino, Dollar Collapse:

Silver’s popping today.

Which is what people following the futures market action have been expecting for several months now. Speculators – usually wrong at big turning points and almost always at least slightly net long silver – have suddenly gone net short. This is almost unprecedented, and implies that a short squeeze – in which speculators are forced to cover their short bets by buying silver futures, thus forcing the price sharply higher – is a real possibility.

Why Mark Cuban’s Comments On Gold Make Me Want To Buy More

by Chris Marcus, Miles Franklin:

During my time training to be an equity options trader, the shop I worked for required that I log 100 hours of poker training. Under the belief that there are great similarities between the decision-making required for poker, and that required for successfully trading the financial markets.

Along those lines, there was a particular lesson that always stood out to me. That while the numbers and percentages are important in both sciences, understanding the people you are playing against is equally, if not a more important element of the game.

Because you might think you’re right, and the person you’re trading against might think they’re right. But if you can identify why they’re wrong and spot the flaw in their thinking, that can really arm you with some confidence in your bet.

SILVER THE BIG WINNER TODAY UP 44 CENTS AT $17.22

by Harvey Organ, Harvey Organ Blog:

GOLD FOLLOWS IN SILVER’S FOOTSTEPS UP $3.65/HUGE SILVER EFP ISSUANCE AT 5077 CONTRACTS AS THESE LONGS TRANSFER OVER TO LONDON/HUGE TARIFFS PLAYING HAVOC IN JAPAN AS INVESTORS THERE BEG RUSAL TO STOP SENDING THEM ALUMINIUM DUE TO ITS HIGH PRICE (CAUSED BY TRUMP TARIFFS)/RONAN MANLY GIVES A TERRIFIC COMMENTARY ON THE GOLD/SILVER MANIPULATION/FRAUD CASE/11 GOP LAWMAKERS SENT TO JEFF SESSIONS THEIR COMPLAINT AGAINST COMEY, CLINTON, LYNCH, PAGE, STRZOK AND MCCABE PLUS MORE SWAMP STORIES FOR YOU TONIGHT

Silver Bullion Remains Good Value On Positive Supply And Demand Factors

by Mark O’Byrne, GoldCore:

– Silver bullion remains good value on positive supply and demand factors
– Industrial demand set to continue to climb from 2017, into 2018 and beyond
– Speculators are bearish on silver as net short positions in silver futures reach record
– Investment demand sees silver ETF holdings at eight-month high of 665.4 million ozs
– 2017 saw fifth consecutive annual physical deficit in scrap silver, of 26 moz
– Global silver mine production fell 4% last year, 2nd consecutive year of decline
– Fundamentals and speculative positions suggest silver may soon see strong gains

GOLD READY FOR HUGE RUN HIGHER – Keith Neumeyer

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from SGTreport:

Keith Neumeyer, the Chairman of First Mining Gold and CEO of First Majestic Silver joins me to discuss the ongoing manipulation of the precious metals by the big criminal banks, JP Morgan’s record physical silver hoard and the fact that gold appears poised to move far higher in the near future.

What’s That?! Silver Above $17!!

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by Rory Hall, The Daily Coin:

Following the slight gains from Tuesday it appears something is happening in the “pits” this morning. We are on the brink of the “market” opening and the metals are reaching for the stars.

It appears someone will be fired later this morning for allowing silver to breach the $17 mark. I feel confident that soon after the termination of the Fed Trading Desk “hack” silver, along with gold, will be beaten back into submission. The cartel can’t have people getting all excited about silver making moves above $17 where it has been held captive. We can only hope this is not some mistake and the current gains will hold and we will begin seeing movement to the upside for both the shiny and the yellow metal. Nothing would make us any happier than to see the Fed Trading Desk lose control of this market. I somehow don’t see that happening on a no news Wednesday. especially when we have seen another attack on Syria and the metals market yawned at such an event.

COMEX Exchanges For Physical-Craig Hemke (17/04/2018)

by Craig Hemke, Sprott Money:

COMEX Exchanges For Physical

Very few people understand—or even know of—the opaque COMEX–>LBMA process known as “Exchange Futures For Physical”. Even the term is misleading, as there’s clearly nothing “physical” about it.

The first thing you need to understand is that this is NOT a new phenomenon. EFPs have been utilized within the derivative pricing scheme for years. In fact, one of the best articles/explanation for the process was written all the way back in 2009. You can read it here: http://www.24hgold.com/english/contributor.aspx?ar

We Should Know Better!

by Gary Christenson, Miles Franklin:

Most sane individuals believe these basic truths.

We cannot borrow our way out of debt.
We cannot spend our way into prosperity.
We cannot tax ourselves into wealth.
We trust sane individuals also understand the following.

We can’t fix an excessive debt problem with more debt. (Central bankers disagree…)
We can’t support a more expensive military and federal government with a decreasing work force, massive debt and weak economy. (Governments disagree…)
Unbacked paper money always returns to its intrinsic value – zero. (Most of the world lives in denial.)