This should be interesting. Those following the metals and the dollar are certainly aware of continuous monkey hammering to the precious metals and the soaring dollar. As a rule of thumb, as the dollar gains strength, the metals tend to decline. But the devaluation of the metal prices are not just falling due to the strong dollar, to get an insight on another force pushing the metals down examine the COT reports. Another rule ofRead More →

Russia’s US dollar reserves have gone from $96.4 billion in March to $14.9 billion in May.  They are building their gold reserves and now have surpassed China’s gold stockpile.  This can’t be verified as China doesn’t report their actual numbers. There are many things converging this year to indicate that the BRICS are about to pull the plug.  They have set up a viable financial exchange to rival the SWIFT system, they have made manyRead More →

Release DateTimeActualForecastPrevious Jul 06, 201815:3076.7K Jun 29, 201815:3076.7K96.5K Jun 22, 201815:3096.5K120.2K Jun 15, 201815:30120.2K111.4K Jun 08, 201815:30111.4K115.1K Jun 01, 201815:30115.1K91.0K May 25, 201815:3091.0K92.4K May 18, 201815:3092.4K107.4K May 11, 201815:30107.4K106.8K May 04, 201815:30106.8K136.6K Apr 27, 201815:30136.6K163.1K Apr 20, 201815:30163.1K155.4K Apr 13, 201815:30155.4K166.6K Apr 06, 201815:30166.6K203.4K Mar 30, 201815:30203.4K148.7K Mar 23, 201815:30148.7K167.9K Mar 16, 201815:30167.9K183.8K Mar 09, 201816:30183.8K178.7K Mar 02, 201816:30178.7K190.9K Feb 23, 201816:30190.9K175.6K Feb 16, 201816:30175.6K190.9K Feb 09, 201816:30190.9K207.3K Feb 02, 201816:30207.3K214.7K Jan 26, 2018 16:30Read More →

The markets are closed on Wednesday for the Fourth and much of this week people will not be active in the markets.  This is the time when the manipulators get the biggest bang for their buck.  Exactly why I am expecting the metal prices to sustain a major hit. Their modus operandi is to hit the market with a large amount of shorts when the trading is thin.  We are already going into this weekRead More →

Over the last week, I have watched the prices of metals smashed.  My problem is I do not have an inkling as to why, there has been no apparent reason, the prospects of an imminent world war breaking out is not any higher, no country is in imminent danger of defaulting (although Italy is teetering) and other than Venezuela, Argentina and Italy there are no currencies on the verge of implosion.  So what is theRead More →

The saying is that money moves from weak hands to strong hands, this may sound like a old wives tale until you take the time to look at the movement of value.  As you may know, the US dollar is hardly worth the paper it is printed on.  The value is being shored up by manipulation, this is also true of the stock prices. One ploy that is employed to shore up the dollar isRead More →

A neighbor of China, Kygyzstan has been amassing a sizable gold reserve in relation to the size of their country.  They have international reserves of about $2 billion and they have stockpiled about 16% of this reserve in gold, their goal is to build the percentage to 50%. The country’s Central Bank Governor said “The rules of the game are changing.  It doesn’t matter what currencies we have in our reserves;  dollars, yuan or rublesRead More →

Semantics is frequently ignored when people discuss precious metals.  It is important to precisely describe the difference between physical and paper when one speaks about the metals.  The COMEX is a market consisting of paper contracts and the price quoted is only relevant to the price of the paper contracts. The problem exist that this price is seen by the majority of people as the price of physical gold and silver and the price isRead More →

After Friday’s monkey hammering on the metals, I was seeking other people’s opinion on what caused the beating.  There was, in my opinion, no obvious reason for the massive volume of paper contracts floated on the COMEX which resulted in the price drop. I came across this email submitted to and found it to have many valid points. “Unfortunately it’s starting to look like truth doesn’t matter and restoring rule of law or moneyRead More →

As the US works to suppress the gold price because they are attempting to prop up the value of the dollar, Russia and China have stepped up their buying to build up their stockpile.  According to the World Gold Council, central banks have purchased 42% more gold in the first quarter than they did in the first quarter of 2017. Russia has been steadily increasing their gold holding for the past 2 decades.  Since 2000,Read More →

Examining the above graphs, you will notice that both metal sustained a dip at about 8 to 8:30 AM.  Their normal modus operandi is to hit the market about 10 AM.  Why did they diverge from their standard plan?   Some point the timing to the release of the BLS report which took place at 8:30 AM.  By the way all times listed are EST.  The BLS report was the CPI for May 2018.  TheRead More →

Greenspan penned ‘Gold and Economic Freedom’ in 1966. The following excerpt sums up his position, “In the absence of the gold standard, there is no way to protect savings from confiscation through inflation There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copperRead More →

Texas will open its own bullion depository this month bring back a vestige of the long gone days of the gold standard, in my opinion it’s about time. Hopefully it will have more physical gold than Fort Knox and Texas will allow it to audited. The Texas Bullion Depository will be the first state government owned depository. Customers will be able to deposit and withdraw their bullion AT WILL. This is already 1,000% better thanRead More →

The gold to silver ratio went up to 82, that’s crazy. As of this post, silver is around $16.50 and gold is about $1325 bring the GSR to about 80. The GSR has only been this high on two occasions since 1915. Today both gold and sliver were hammered, as usual. The open interest has come quite a bit most likely due to EFP. Many metals contracts were transferred to the London market. With theRead More →

The gold mine located in the village of Tyndrum is almost set to be green lighted for opening. A Scottish mining company believes that there is about 200,000 ounces of gold in the Cononish Mine. New plans which will improve the mining operations to be more environmentally friendly may have won over officials. Scotgold Resources Ltd. says that opening the mine will create 63 new jobs as well as increase the business for local suppliers.Read More →

Vince Lanci, founder of Echobay Partners said “The last three days have reconfirmed my commitment to a much higher gold price in 2018. We are making higher lows for the year – the recent behavior made me nervous, but something very telling happened in the last three days”. In technical analysis parlance, when a trend forms with higher lows, this indicates that a pennant is forming and it points to a upside break out. ButRead More →