Some thoughts from James Mc on the epic situation in silver…

There have to be well-connected people who know silver is the most undervalued product on the planet. I have always believed however the only other entity who could ever take on the cartel would be another Sovereign. You’ll never win against the Fed printing press unless you have your own printing press. I’d like to think 230K OI with $16 silver is so extreme that the only possible resolution will be to the upside. We’ve seen however too many Houdini acts where the cartel just magically gets out from under their shorts. The question is, when do they run out of Houdini acts? I’d like to think Harvey’s EFP deal is saying NOW.

Likely Sovereigns taking on the cartel: China & Russia. Maybe this anti-Russian mania has gold and silver roots….

Every major fiat currency is convertible to physical gold right here and now. Crazy Petroyuan analysis is going on now suggesting a major rise in the price of gold and a return to a gold standard due to China’s actions. It simply is not in the interests of any major fiat nation to return to a gold standard…that includes China, Russia, Japan, Europe, USA, etc. That would place budgetary restraints that would greatly limit their desire to spend as they desire…it would place a major restraint on them and clearly they ALL don’t want that. If, the yuan was to greatly appreciate then their exports would become more expensive and they would lose market share. If the PetroYuan caused the US dollar to greatly depreciate then US exports would become that much more competitive.

Here’s my understanding. Armstrong was imprisoned for about 13 years (?) because he refused to divulge his model to the PTB….but he was never charged with a crime(?). While in prison he was attacked by an inmate with his typewriter and nearly killed? He was allowed to publish a newsletter while he was imprisoned and somehow managed to sneak it out on a regular basis to keep his popularity as a trading Mogul? Then by some miracle he was suddenly released from prison, apparently forgiven of any wrongdoing, and continued publishing his newsletter and using his model to accurately predict the cycles, one of which I remember was that the DOW would continue up to over 30,000, (I think?) which it has almost done, and because he has been so accurate in his predictions he is considered a Guru of unquestionable repute.

At the time of his release, my thinking was “why was he suddenly released from prison and forgiven and allowed to continue his reputation as a market Mogul with no interference?” …..and my answer was “because he has agreed to use that great reputation to discredit PM’s and discourage investors from even looking at that sector.”

So now he predicts gold will go sub $1000 and he has this unblemished and untarnished reputation to support him, so who would be stupid enough to buy into the PM sector and go against someone with such a stellar reputation???? The only one I know for sure that will do that is yours truly, Silverngold, because IMO silver is going to $120 and gold is going to $3600,  and XAU is going to 321, and it will all happen between May and December 2019, and 99.99999999% of the investing world will be sitting on the sidelines, or on the wrong side, and wondering what in the hell happened….And a final thought is this: All those who are using the ETF derivatives to make their fortunes…..be prepared to lose it all since all of the counter parties will default and leave you holding an empty bag…..but best of luck to all from Silverngold.

Whilst every time Andrew Maguire goes on air, the paper price of gold is trashed, correlation is not to be confused with causation. At 15.00 on the last Friday of every month (perhaps today as tomorrow is Good Friday), the BIS tries to window dress its trillion USD underwater derivatives book for reporting purposes. Therefore the paper gold price action of the last 24 hours was caste in stone.

The bad news for the BIS, Cartel and LBMA is that the whole world is now waiting for this end of month market action and seeks to capitalize upon these waterfall paper gold price declines as unmissable windows of opportunity for physical gold acquisition.Many astute investors are also loading up on physical gold in order to ‘front run’ the imminent seriously large physical gold purchases for the ‘alternative currency’ -kinesis.com-that will go live in October 2018. If you are in paper gold only (including unallocated gold holdings) you will simply be ostracized from this ‘party to end all parties’ (If you haven’t listened to this interview at least twice, then you are not really serious about the gold market)

Denis Gartman believes that as soon as the Venezuelan Central Bank has completed its disposal of (184?) tons of gold, an orderly gold market will return. Andrew also believes that it will be ‘business as usual’, but only until the impossible, unsustainable strain and tightness in the physical gold market causes a massive price ‘reset’, probably over a weekend, and it may be soon.

Whilst I have been immersed in GATA’s attempts to unravel the corruption, and manipulation of the physical gold market for a decade, I still find it difficult to get my mind around the magnitude of this imminent unraveling.

Exactly.

The idiot funds are long gold futures out the kazoo that will need to be dumped when they are disappointed again.

That’s the definition of an idiot no? People who repeat their mistakes time after time (many many times for the idiot paper precious metal traders — does that make them  extra stupid?).

Heaven forbid they realize their mistake and buy physical creating a self-fulfilling prophecy by stripping the market of actual supply (in a market that supply is not UNLIMITED like in paper precious metal markets — does this make them extra stupid as well?).

That would be out the question apparently for these behemoths of finance — our financial geniuses.

Chuckle

I’m thinking TPTB can change the price of anything on the futures market. Which in turn modifies supply and demand. Is there or will there be a Yuan futures contract? And which country pays the highest interest rate to attract demand? The USA I suspect.

https://www.silverdoctors.com/gold/gold-news/hugo-salinas-price-oil-for-yuan-will-bring-the-u-s-to-its-knees/

‘This is the single biggest change in capital markets, maybe of all time’ – Union Bank Switzerland

Allz I know is that in late 2015, there were calls for 800-900 gold all over the internet–that level was the final drop needed to wring the last few ounces of bullishness out of the perma-bulls…well, we all know that didn’t happen..PMs took off on a scorching rally–CDE went from 1.56 to $15…gold sentiment has been totally washed out for years…never mind that a small number of perma-bulls and their sites keep churning out “to da moon” forecasts…PMs could take off at any time–all PM rallies start “out of the blue” with seemingly no warning…no “news”, no tech/charting bell ringing and no event…tough to handicap…