mezzo mezzo
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soon thats all meaningless - don't forget about the driving forces behind silver! In fact, 54% of the demand for silver came from industry in 2013 – a figure that’s set to rise to 57% this year, according to Thomson Reuters. That would represent a new all-time high for silver’s industrial usage.
Looking further ahead, precious metals consultancy firm, Metals Focus, says industrial demand for silver will grow by at least 5% annually through 2016. That’s higher than forecast global GDP growth during that period.
And silver usage cuts across a swath of industries – semiconductors, electronics, chemicals, and solar power.
Indeed, the latter is especially interesting at the moment…
The Silver/Solar Relationship
Silver is a key component in the manufacturing process for photovoltaic solar panels. Every solar panel contains about 20 grams of silver.
In China alone, the number of solar panels manufactured has doubled every year since 2003. And with no end in sight to this trend, it’s no wonder that Metals Focus says silver demand from photovoltaics will climb by 10% this year.
Overall, demand for silver from the solar power industry will continue to hit record highs in the years ahead, on the back of solar analysts, who say that global demand for solar power will double over the next five years.
Specifically, current estimates call for an additional 45 gigawatts (GW) of new solar power capacity this year – up 22% from 2013, and equivalent to the output of 10 nuclear reactors.
By 2018, solar capacity demand is expected to climb by 84 gigawatts.
To put that in perspective, one gigawatt of electricity can power between 750,000 and one million homes.
And Asia is leading the charge towards greater use of solar power.
Two Investments to Capitalize on a Silver Surge
China alone has 18 gigawatts of installed solar capacity, with plans to increase that to 30 gigawatts by 2015. And consider that about 80 tons of silver are needed to generate every gigawatt of electricity from solar panels.
The expected solar power growth rate in India is even more phenomenal. The current 2.2 megawatts of installed capacity is forecast to rocket to 20,000 megawatts by 2022.
Such growth – along with a positive future outlook for the solar industry – has ignited the silver market.
Indeed, the Guggenheim Solar ETF (TAN) is up 53% over the past year.
To demonstrate how important silver has become in the solar industry in a short time, a mere one million ounces of silver was used in photovoltaic fabrication at the turn of the century. But by 2015, the market for silver use in solar panel manufacturing is forecast to be 100 million ounces! That’s the equivalent of 10% of total silver demand.
Add that soaring demand to the fact that the silver market had a supply deficit of 113 million ounces last year, and you have the recipe for an upward move in silver prices.
(excerpted from dailywallstreetjournal)
concured, next week will be wild ...and sweet as ceo.california persumes for august:
http://ceo.ca/2014/08/04/sweet-spot-for-silver/
uh yes I did $SAND is golden.
btw found kinda funny article about the coming golden age on ... you won't believe it, on:
http://www.marketwatch.com/story/gold-may-be-entering-a-golden-age-2014-08-04
nice being here. hey, these charts david released you'd might wanna watch (what u think where the big money flows after the upcoming scenario somebody can read out of that. hmm? perhaps precious metals??
http://davidstockmanscontracorner.com/16819/
The implication is no mystery. When the financial markets eventually succumb to a “risk-off” selling panic, the corporate bond market will gap down violently. As one astute analyst put it:
“Everyone is hoping to be first through the exit,” said Matt King, global head of credit strategy at Citigroup in London. “By definition, that’s not possible.”
stacking more on dips? not the worst idea as cash is king is dying and US is Bankrupt: $89.5 Trillion in US Liabilities vs. $82 Trillion in Household Net Worth & The Gap is Growing. We Now Await the Nature of the Cramdown.
There are many ways to look at the United States government debt, obligations, and assets. Liabilities include Treasury debt held by the public or more broadly total Treasury debt outstanding. There’s unfunded liabilities like Medicare and Social Security. And then the assets of all the real estate, all the equities, all the bonds, all the deposits…all at today’s valuations. But let’s cut straight to the bottom line and add it all up…$89.5 trillion in liabilities and $82 trillion in assets. There. It’s not a secret anymore…and although these are all government numbers, for some strange reason the government never adds them all together or explains them…but we will.
The $89.5 trillion in liabilities include:
$20.69 trillion
$12.65 trillion public Treasury debt (interest rate sensitive bonds sold to finance government spending)
Fyi – $5.35 trillion of “intra-governmental” Treasury debt are not included as they are considered an asset of the particular programs (SS, etc.) and simultaneously a liability of the Treasury
$6.54 trillion civilian and Military Pensions and Benefits payable
$1.5 trillion in “other” liabilities http://www.fms.treas.gov/finrep13/note_finstmts/fr_notes_fin_stmts_note13.html.
$69 trillion (present value terms what should be saved now to make up the present and future anticipated tax shortfalls vs. present and future payouts).
$3.7 trillion SMI (Supplemental Medical Insurance)
$39.5 trillion Medicare or HI (Hospital Insurance) Part B / D
$25.8 trillion Social Security or OASDI (Old Age Survivors Disability Insurance)
Fyi – $5+ trillion of additional unfunded state liabilities not included.
Source: 2013 OASDI and Medicare Trustees’ Reports. (pg. 183), http://www.gao.gov/assets/670/661234.p
These needs can be satisfied only through increased borrowing, higher taxes, reduced program spending, or some combination. But since 1969 Treasury debt has been sold with the intention of paying only the interest (but never repaying the principal) and also in ’69 LBJ instituted the “Unified Budget” putting all social spending into the general budget reaping the gains in the present year absent calculating for the future liabilities. If you don’t know the story of how unfunded liabilities came to be and want to understand how this took place, please stop and read as USA Ponzi explains nicely… http://usaponzi.com/cooking-the-books.html
$81.8 trillion in US Household “net worth”
According to the Federal’s Z.1 balance sheet http://www.federalreserve.gov/releases/z1/current/z1r-5.pdf, the US has a net worth of $81.8 trillion – significantly up from the ’09 low of $55.5 trillion…a $23 trillion increase in five years. Fascinatingly, “household” liabilities are still $500 billion lower now than the peak in ’08 but asset “valuations” are up $22.5 trillion. All while wages have been declining. A cursory glance at the Federal Reserve’s $4 trillion in balance sheet growth in the same time period shows how the lack of growth in “household” liabilities (currently @ $13.7 trillion) has been co-opted by the Fed.
I believe it’s clear when incomes no longer supported credit and debt growth in ’08, consumers tapped out and in stepped the Federal Reserve to bridge the slowdown. But what the Fed may or may not have realized is once they stepped in, there was no stepping out.
(Charles, would be great if you could export this chart from FRED to be included…or if you have a better idea to show this relationship, would be great???)
http://research.stlouisfed.org/fred2/graph/?g=GVF
How We Got Here – Growth of Debt vs. GDP
45 years of ever increasing debt loads, social safety net growth, corporate welfare. 45 years of Rep’s and Dem’s in the White House and Congress bought by special interests and politicians buying citizens votes with laws enacted absent the revenue to pay for them. We have a Treasury and Federal Reserve willing to “innovate” and wordsmith to avoid the national recognition of the true difficulties and implications of our present situation. 45 years of intentionally avoiding an honest accounting of our national obligations, mislabeling, and misdirecting to pretend these obligations can and will be honored. 45 years of cornice like debt and promise accumulation simply awaiting the avalanche of claimant redemptions and debt repayments.
First, an historical snapshot for perspective of the last time US Treasury debt was larger than our economy (debt/GDP in excess of 100% in 1946) and subsequent progress of debt vs. GDP…and why anyone suggesting there is a parallel from post WWII to now is simply ill informed.
Post-WWII:
’46-’59 (13yrs)
Debt grew 1.06x’s ($269 B to $285 B)
GDP grew 2.2x’s ($228 B to $525 B)
’60-’75 (15yrs)
Debt grew 2x’s ($285 B to $533 B)
GDP grew 3.3x’s ($525 to $1.7 T) Income grew 3.3x’s ($403 B to $1.37 T)
’65 Great Society initiated, ’69 unfunded liabilities begin under a “Unified Budget”
Post-Vietnam War:
’76 -’04 (28yrs)
Debt grew 15x’s ($533 B à $7.4 T) Unfunded liability 15x’s ($3 T to $45 T)
GDP grew 7.3x’s ($1.7 T à $12.4 T) Income grew 7.4x’s ($1.37 T to $10.1 T)
’05 -’14 (9yrs)
Debt grew 2.4x’s or 240% ($7.4 T à $17.5 T) Unfunded liability 1.5x’s ($45 T to $69 T)
GDP grew 1.4x’s or 140% ($12.4 T à $17 T) Income grew 1.4x’s ($10.1 T to $14.2 T)
Z1 Household net worth grew 1.25x’s from $65 T to $82 T…
http://www.bea.gov/newsreleases/national/pi/2014/pdf/pi0614_hist.pdf
If the trends continue as they have since ’75, Treasury debt will grow 2x’s to 3x’s faster than GDP and income to service it…and the results would look as follows in 10 years:
’15 – ‘24
Treasury debt will grow est. ($17.5 T à $34 T to $44 T)
GDP* will grow est. ($17 T à $22 T to $24 T)…income growth likely similar to GDP.
* = I won’t even get into the overstatement of economic activity within the GDP #’s…just noting there is an overstatement of activity.
So, while the Treasury debt growth rate skyrocketed from ’05 onward and the GDP growth slumped to its lowest since WWII, the unfunded liabilities grew even faster.
Drumroll Please – Total Debt/Obligation growth vs. Debt
Let’s go back to our ’75-’14 numbers and recalculate based on total Federal Government debt and liabilities:
’75-’14
debt (total government obligations) grew 33x’s 168x’s ($533 B à $17.5 T $89.5 T*)
GDP grew 10x’s ($1.7 T to 17 T)
Household net worth grew 15x’s ($5.4 to $82 T) while median household income grew 3x’s (est. $17k to $51k) while Real median household income grew 1.13x’s ($45k to $51k)
*$89.5 T is the 2012 fiscal year end budget number, the 2013 fiscal year end # is likely to be approx. $5+ T higher, or debt grew 180x’s in 40 years vs. 10x’s for GDP / income….but seriously, does it really matter if debt grew at 10x’s, 16x’s, or 18x’s the pace of the underlying economy…all are uncollectable in taxes and unpayable except for QE or like programs.
Why Can’t We Pay Off the Debt or Even Pay it Down?
Take 2013 Federal Government tax revenue and spending as an illustration:
$16.8 Trillion US economy (gross domestic product)
$2.8 Trillion Federal tax revenue (taxes in)
$3.5 Trillion Federal budget (spending out)
-$680 Billion budget deficit (bridged by sale of Treasury debt spent now and counted as a portion of GDP)
= $550 Billion economic growth?!?
PLEASE NOTE – The ’13 GDP “growth” is less than the new debt (although the new debt spent is counted as new GDP) and the interest on the debt will need be serviced indefinitely.
Why Cutting Benefits or Raising Taxes Lead to the Same Outcome
While many try to dismiss these liabilities assuming we will continue to only service the debt rather than repay principal and interest; assuming we turn down the SS benefits via means testing, delaying benefits, reducing benefits; assuming we will bend the curve regarding Medicaid, Medicare, and Welfare benefits; assuming we will avoid further far flung wars and military obligations and stop feeding the military industrial complex; assuming no future economic slowdowns or recessions or worse; assuming a cheap and plentiful energy source is found to transition away from oil. But all these debts and liabilities are someone else’s future income they are now reliant upon; someone’s future addition to GDP. If these debts or obligations are curtailed or cancelled to reduce the debt or future liability, the future GDP slows in kind and tax revenues lag and budget deficits grow. Of course I do advocate these debts and liabilities cannot be maintained, but austerity (real austerity) is painful and would set the stage for a likely depression where the nation (world) proceeds with a bankruptcy determining what and how much of the promises made can be honored until wants, needs, and means are all brought back in alignment.
So What’s it All Mean?
Let’s get real, austerity is not going to happen and we aren’t going to balance the budget. We’re never going to pay off our debt or even pay it down. We’re rapidly moving from 4 taxpayers for every social program recipient to 2 per recipient. And ultimately, now we aren’t even really paying the interest on the debt…the Federal Reserve is just printing money (QE1, 2, 3) to buy the bonds and push the interest payments ever lower masking the true cost of these programs. Of course, interest rates (Federal Funds Rates) have edged lower since 1980’s 20% to todays 0% to make the massive increases in debt serviceable.
Politicians and central bankers have shown they are going to print money to fulfill the obligations despite the declining purchasing power of the money. It’s not so much science as religion. A belief that infinite growth will be reality through unknown technologies, innovations, and solutions that in four decades have gone unsolved but somehow in the next decade will not only be solved but implemented. Because it is credit that is undertaken with a belief that the obligation will ultimately allow for future repayment of principal, interest, and a profit. But without the growth, the debt cannot be repaid nor liabilities honored. Without the ability to repay the principal, the debts just grow and must have ever lower rates to avoid interest Armageddon. This knowledge creates moral hazard that ever more debt will be rewarded with ever lower rates and thus ever greater system leverage. The politicians and central bankers will continue stepping in to avoid over indebted individuals, corporations, crony capitalists, cities, states, federal government from failing. It is a fait accompli that a hyper-monetization has/is/will take place…and now it is simply a matter of time until the globe either becomes saturated with dollars and/or reject the currency (so much to discuss here on likely demotion or replacement of the Petro-dollar and more…). Because the earthquake (unpayable debt and obligations) has already taken place, now we are simply waiting for the tsunami. Forget debt repayment or debt reduction…forget means testing or “bending cost curves”…we’re approaching the moment where even at historically low rates we will not be able to pay the interest and maintain government spending…without printing currency as this generation of American’s have never seen. Bad governance and bad policy coupled with disinterested citizens will demand it.
Epilogue – So Where Do you put your Money?
No one can really know what will have value in this politicized crony capitalistic system as the hyper-monetization ramps up…all I can suggest is to hedge your bets with some physical precious metals, some minimal leveraged real estate, but also stocks and bonds and even some cash…because although there are natural forces in favor of the tangible, finite goods…there are also equally determined forces bound to push bond yields down, real estate and particularly stock prices up. Unfortunately, the more you know, the more you know you don’t know…invest and live accordingly.
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- See more at: http://charlesbiderman.com/2014/08/04/us-is-bankrupt-89-5-trillion-in-us-liabilities-vs-82-trillion-in-household-net-worth-the-gap-is-growing-we-now-await-the-nature-of-the-cramdown/#sthash.cL5q76Ns.dpuf
as I mentioned in june a drop back to 19teens or possibly to supportlevel around 18,20 will be the ultimate chance to get silver cheap. impo by end of august we'll be back around high 20.80 or even 21+
Commercial short and Large Spec long positions are still at a very high level, having only eased marginally last week. This is not good news for silver bulls, and suggests that, near-term rally or not, silver is likely to drop back to the $18 area at the supporting trendline of its major uptrend channel shown on its long-term 15-year chart lower down the page, and possibly lower. Bulls will want to see the COTs ease considerably on such a drop.
http://www.marketoracle.co.uk/Article46740.html
@6.50 backing up truuck
yes indeed. but this short games are irrelevant - aside india's huge solarproject and massive silvergains in pharmaindustries we also have on Silver: 3 New Tech Uses to Grow 275% by 2018
Silver use set to jump in flexible touch screens, LED chips and semi-conductor stacking...
SILVER USE in three fast-growing technologies could grow 275% over the next four years, according to new research.
Produced for the Washington-based Silver Institute of international miners, refiners, wholesalers and manufacturers, the 22-page report notes that these newer uses of silver "might at first glance seem modest" compared to industry's total 15,000-tonne demand for silver per year.
But looking at flexible screens, LEDs and interposers for stacking semi-conductor chips in electronics, London-based consultancy Metals Focus sees these 3 technologies together growing their annual silver use from 125 tonnes to 450 tonnes and more by 2018.
"Although not 'new' technologies" in themselves, says Metals Focus, their application of silver "is yet to reach widespread commercial use." Indeed, it was the 4.5-fold surge in silver prices from 2009 to 2012 – caused by the financial crisis – which led mobile devices such as cell phones and e-readers to use other conductive ink materials, says a separate report from forecasting consultancy IDTechEx, focusing instead on using indium-tin oxide (ITO).
With flexible displays now gaining market-share however, "ITO faces some critical drawbacks," notes Metals Focus' silver technology report, because it is a "brittle, fragile material". Using silver nano-wires instead can make the screen as flexible as the material supporting it, while in terms of visual performance, "95% transparency has already been achieved by some industry players."
Putting the ink/paste component of the conductive screen industry's costs at $1.6 billion for 2014, IDTechEx sees the market growing 4.5% per year over the next decade. Touch screens employing silver in the conductive ink currently use some 18-20 grams per square meter on one estimate. Indium itself is primarily mined in China, whereas silver is mined worldwide.
Forecasting company IHS believes sales of non-ITO touch screens could grow 300% in 2014 alone. According to David Jollie, precious metals analyst at Japanese trading house and London market-maker Mitsui, "Growth in tablets, smart phones and particularly touch screen monitors means silver demand could double here over the next decade, more than offsetting any weakness in silver demand from the photovoltaic [solar panel] sector."
Global demand for LED chips (light-emitting diodes) is meantime set to reach 61 billion units this year, according to NPD Display Search, more than 250% above the level of only two years ago. Falling demand for LED chips in televisions and other smaller devices is being more than offset by outdoor use and general lighting. Pressured to boost energy efficiency further, the industry is increasingly using silver both to reflect light out of the module, and also in the bonding wire and adhesive layer needed to construct it.
Metals Focus' third new silver technology, interposers, enable electronics manufacturers to "stack" micro-chips, saving space and boosting functionality. Connecting the different chips together, "Traditionally interposers have been made of silicon," says their report for the Silver Institute, but new demands means that material "is fast approaching its limit in terms of performance" and cost efficiency.
Using silver is very early-stage yet, Metals Focus stress, and the metal does face competition from other solutions, notably copper. Starting however from a current annual estimate of only 15 tonnes, commercial roll-out "could in principal" see 10-20 times as much silver being used for interposer technology by 2018, "underpinned by strong end-use demand."
big event: GOFO rates turned negative, on silver we gonna see golden cross soon
http://harveyorgan.blogspot.hu/2014/08/august-4we-lost-179-tonnes-of-gold.html?m=1
a bit but ma50 is crossing ma200 soon, means ultrabullish for chartists and algotrading machines.
welcome to the new normal
good for my leveraged shorts on dow and dax but for PM we've seen on this last day of july the final sequence for option expiration shortplays of strong august contracts, tmrw an (almost) new gold and silver play starts ... positive for silver impo
Many thanks for your feedback. much appreciated :-!
lol "millions of people" but I agree in regard to the papermarket: you'd better know what the big banks do, in certain cases follow the money
back in da track ... it seems (to be honest: its getting time). still hold on my bottompurchase 'round lowten but wait for proof that insidersalesprogramm finally finished to buy more of this digit ore
with no gurther ado: JPMorgan Chase, the largest U.S. bank by assets, has turned share buybacks into an art form, buying back a whopping $17,945,000,000 of shares from 2010 through 2013. In just the calendar year of 2011, JPMorgan spent a stunning $8,827,000,000 on stock buybacks.
According to JPMorgan’s most recent quarterly report filed with the Securities and Exchange Commission, “the Firm’s Board of Directors has authorized the Firm to repurchase $6.5 billion of common equity between April 1, 2014, and March 31, 2015.”
If the full authorization of $6.5 billion is spent by the first quarter of next year, JPMorgan will have tapped its capital to the tune of $24.5 billion – not to lend to deserving businesses or home buyers or consumers, but to binge on its own stock buybacks.
Having a steady pool of billions of dollars to prop up a stock’s share price might seem like a neat trick to top corporate executives whose compensation is tied, in part, to the performance of the company’s stock, but it does little to help a nation struggling from the aftermath of the economic ravages unleashed by the big bank financial crash in 2008.
U.S. GDP was negative at -2.9 percent in this year’s first quarter. The U.S. Bureau of Labor Statistics shows a current labor force participation rate of just 62.8 percent, the lowest rate since the late 1970s and owing in part to discouraged workers who have given up on looking for a job. Surely using capital to grow a business and create good jobs should trump retiring stock.
There are other reasons to worry about this binge in stock buybacks. First, many corporations are borrowing heavily to fund these buybacks. There is also a concern that the public is given very little information about how these buybacks are conducted and by whom.
That concern has grown exponentially as dark pool trading data has started being released, for the first time ever, by the Financial Industry Regulatory Authority (FINRA), Wall Street’s self-regulator. (A dark pool is an unregulated stock exchange which does not make bids and offers on stocks transparent to the marketplace; a venue ripe for manipulation.) FINRA data shows that, week after week, Wall Street’s biggest banks are trading each other’s stocks in their own dark pools and, more inexplicable, the banks are being allowed to trade their own corporate parent’s stock in their own dark pools. How this is compatible with the anti-manipulation statutes of the Securities Exchange Act of 1934 has yet to be explained.
During the week of July 7 to July 11, 2014, 65.8 million shares of JPMorgan Chase traded in total on all venues, including public exchanges like the New York Stock Exchange as well as dark pools. Of that total, according to FINRA data, 11.8 million shares in the same week traded in dark pools or 17.9 percent of all JPMorgan stock traded.
Of the 11.8 million JPMorgan shares which traded in all dark pools for the week of July 7 to July 11, JPMorgan’s own dark pool, JPM-X, traded 1,018,943 shares or 8.6 percent of the total.
Other global banks that are trading JPMorgan’s stock in their own dark pools, week after week, include UBS; Credit Suisse; Citigroup’s LavaFlow, CitiCross and Liquifi; Deutsche Bank; Goldman Sachs; Bank of America’s Merrill Lynch and Barclays.
Barclays has been charged by the New York State Attorney General, Eric Schneiderman, with lying to its customers about the role of high frequency traders in its dark pool. Barclays has asked to have the charges dismissed on the basis that Schneiderman overreached his authority. UBS announced this week that it is cooperating with a probe into its dark pool.
The accelerated pace of investigations into a long simmering pool of hubris has been stepped up since Michael Lewis launched his book, Flash Boys, with a pronouncement on 60 Minutes on March 30 that the stock market is rigged by high frequency traders and global banks.
Shortly thereafter, the FBI announced that an investigation was already in the works, the New York State Attorney General began issuing subpoenas, and FINRA attempted to look serious with a dark pool action against Goldman Sachs.
The most unsettling aspect of all of this is that the dark pool framework relies on the theory that global investment banks can be trusted to run unregulated stock exchanges, swapping millions of shares of each other’s stocks with no oversight and no transparency. But there is zero basis for that trust. These are the same banks being charged, month after month, year after year, with cavalierly engaging in collusion with each other to rig market benchmarks for their own self enrichment and to the extreme detriment of market integrity, small investors and the economy at large.
http://wallstreetonparade.com/2014/07/jpmorgan-has-spent-18-billion-buying-back-its-own-stock-in-four-years/
This is allerting (as I wrote u in may the creeps won't give up):
The International Swaps and Derivative Association (ISDA) published their position on the changing of the “SILVER-FIX” with the new “LONDON SILVER PRICE” and the ramifications are earth shattering for silver derivative holders.
ISDA publishes Bilateral Form of Amendment Agreement for Certain Silver Transactions
http://www2.isda.org/news/isda-publishes-bilateral-form-of-amendment-agreement-for-certain-silver-transactions
When I first saw this announcement I had thought to myself, “It’s about time the ISDA came out with a ruling to replace the ‘SILVER-FIX’ with something identical to use in the outstanding silver derivative contracts.” After all, according to Bloomberg there are nearly $5T in silver derivatives traded every year!
BUT WHAT WAS ANNOUNCED WAS A SHOCKING “GET OUT OF JAIL FREE” CARD FOR THE SILVER DERIVATIVE SHORTS AND GUARANTEED TO THROW THE SILVER DERIVATIVE MARKET INTO CHAOS!!
Basically, the ISDA acknowledges the change in the form of an Amendment but then goes on to clearly state that the implementation of this contractual change it 100% OPTIONAL for all parties involved!!
“ISDA, in consultation with market participants, is issuing this statement in addition to the Amendment Agreement as a means of assisting market participants in treating Affected Transactions. Parties are not obligated to enter into the Amendment Agreement and may choose to negotiate alternative means of treating Affected Transactions.“
Not only that but they clearly state that the “SILVER-FIX” and the “LONDON SILVER PRICE” are NOT interchangeable.
“The Amendment Agreement seeks to replace references to “SILVER-FIX” with a reference to a new Commodity Reference Price, which may include a reference to the new London Silver Price. Parties electing to amend the Affected Transactions through the Amendment Agreement may do so with effect from 15 August 2014.”
END
At issue is billions of dollars worth of silver derivative contracts that mature after August 14, 2014 that have incorporated both the term “SILVER-FIX” as well as reference the ISDA and LBMA as governing bodies related to the setting price defined as the “SILVER-FIX”.
read full
http://www.roadtoroota.com/public/1415.cfm?awt_l=JfdHA&awt_m=3ZCQwHDyO44C85B
Jay Taylor interviews GATA secretary and analyst Jensen on price suppression
http://jaytaylormedia.com/audio/
hotrod, what u think after listening?
sorta interesting:
http://deviantinvestor.com/6119/silver-megaphone/
big bullion banks play their dirty games on comex with worthless paper future contracts with money they don't own - dumping tenthousands of short contracts. stacking real silver with real currency in these times is a total different but valuable game.
unfortunately you are right, brother
monday is option expiration day of august gold and silver contracts. 100 of million of ounces got dumped tdy. whole next week will be very interesting. in my guess...
allright, it seems we are not so far off with our point of views. break of resistance around 21.25 tdy and we'll have a good start for the coming week. having a nice shining summer
as you know I do not give much on charting silver at this stage aslong the market is sooo rigged. more important is to know what the big banks and large specs do on PM
figs of interest:
http://www.harveyorgan.blogspot.co.at/2014/07/july-162014gld-loses-27-tonnes-of-gold.html?m=1
haha thanks for the shiny welcome guys. giddy up yupp
good evening everyone. actually for the last days when future contracts worth billions of $ silver was solid around 20.80, couldn't get smashed lower. I expect a rise above $21 on friday. chartwise I see the golden cross coming and ninch doldrums
for silver!
ahja, this is interesring as big money like carl ican now concerns leaving stockmarket (reduces his stackes there) and going back to the real stuff, back in to gold and silver because:
DALLAS FED PRESIDENT FISHER SAYS 'MARKETS ARE OVERSHOOTING'
FISHER CONCERNED FED MAY 'BE STAYING TOO LOOSE TOO LONG'
FISHER: I DON'T THINK YOU SHOULD 'POP' A BUBBLE, BUT SHOULD LET SOME SPECULATIVE STEAM OUT OF MARKETS
His plan for this "letting out of steam" is to start shrinking the Fed balance sheet in October and raising rates early in 2015. Of course, what does the Fed know about bubbles? We are sure the spin will come soon that this is bullish as 'froth' will be removed and then the secular bull can go on (aside from the total and utter lack of liquidity in markets, small doors and large crowds do not make for good endings).
Finally, when Fisher says don't pop the bubble, that suggests there is no bubble, yes?
don't be frustrated. u know what u own, don't ya?
longterm yes, depending on global ecosituation. shortterm $1.60 and $2.25
don't be dazzled by the smell of money ;*-)
me even at christmas and also on new years eve
lol but .20 is a small weeeeeeee - the big WEEEEEEEEEE is more
i luv this stock for medium swings. brw buyback lower
weeeeeeee yeah
prefer diamonds and precious metals
oh dear. so well, I'm ready to rumble at showtime (hate mobile trading but it works)
am on the road now. just seeing volume of 88k on my mobile device
woowza warnings call now? hold on a sec, sure must follow our tradition, preparing to push knob
hahahaa time for next leg up by eow
great. thx for sharing.
glad still holding my titanshares - will be rewarded soon
solid gold