Eric Sprott : unusual things are happening in the Gold & Silver Markets

Eric Sprott : This will sound like a conspiracy theory, but unusual things are happening in the gold and silver markets. For example, on Feb. 19, nearly an entire year's supply of gold traded on the Comex in a single day. The same volume of silver trading happened on the commodities exchange. You and I both know that the people selling that much metal cannot deliver it because it is just not available. Yet somehow they are out there, pounding down these contracts and keeping the price suppressed. I would hypothesize that the central bankers know their policy of printing money is the most irresponsible thing imaginable, and they are suppressing gold and silver prices to hide their irresponsibility. When one is printing that much money, gold and silver prices are the first things you would expect to rise. If we saw gold going to $2,000/oz, the price of oil would probably go to a new high and the price of agricultural commodities would go up. Then you would have a huge inflation problem on your hands. Based on my research, I believe the Western central banks have been surreptitiously supplying gold to the market. I say this because the demands I see for physical gold are way beyond the supply of gold. The annual gold supply has not changed in 12 years, and demand just keeps increasing from China, India, the U.S. Mint and silver and gold coin sales; even the non-Western central banks are buying gold. Where is this gold coming from? I think the Western central banks are selling gold to keep the lid on the price so everyone thinks their monetary policies are benign. Nothing could be farther from the truth. - in a recent interview with mineweb


MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Growing Silver Shortage Ignites Demand for Silver Polar Bear Coin

By David Engstrom | March 13 2013 8:53 AM
With silver prices off 10% in the last 30 days, it’s hard to believe there is a growing silver shortage. I liken it to crossing the desert with a canteen full of water. As long as there is at least one drink of water left in the canteen, there is no shortage. And then with the last drink, as you attempt to shake out the last drop, you realize your canteen is empty. But, even then you don’t totally believe it. As thirst sets in you desperately try one more time to pour out any remaining drops. Then, it hits you. Ahh Nuts!
First signs of a silver shortage came when the U.S. Mint announced they were out of Silver Eagles. As the New Year turned, sales were suspended. Then sales resumed, only to be met by record demand and another shortage was announced. We’re not even through first quarter.
While our mint struggled with its own supply-demand dilemma, reports hit the industry that the Canadian Mint had begun to ration its most popular silver coin, the Maple Leaf. Yet, the silver price continued to decline as if to tell would-be investors, “there is no shortage, wait for the bottom.” Of course everyone thinks they can time the bottom and buy in at exactly the right moment. Never mind reports of a shortage, the declining silver price proves any notion of such is folly. After all, Chinese silver is still available. Or is it?
read more : http://www.ibtimes.com/lear-capital-growing-silver-shortage-ignites-demand-silver-polar-bear-coin-1123111#
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Silver Shortage Coming

 Silver Coins Sell Out


By Swagato Chakravorty
Monday, March 18th, 2013

As of March 11, 2012-W Uncirculated American Silver Eagle coins were not available for purchase anymore from the U.S. Mint.

Since August 2 of last year, when they had gone on sale, SilverCoinsToday reports that 202,504 were purchased. However, that figure is for individual purchases; the coins also form part of the 2012 Annual Uncirculated Dollar Coin Set, which is still available from the Mint.

That means there will likely be more sales for the Silver Eagle coins. Altogether, we’re looking at 220,559 and growing. Nevertheless, back in 2006, sales amounted to 466,573. As recently as 2011, 409,927 coins were sold. Clearly, there is a significant shortfall in sales of the one troy ounce silver coin.

Aside from this news from the Mint, consider that over the past month, silver prices have crashed by 10 percent. Sales of Silver Eagles had first been suspended around New Year’s, then resumed briefly, and now there’s another shortage. All this and Q1 isn’t even over.
read more >>>>>


MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

James Turk ~ Central Banks are Losing the War to Suppress Gold & Silver

Odious debt, also known as illegitimate debt, is a legal theory that holds that the national debt incurred by a regime for purposes that do not serve the best interests of the nation, should not be enforceable. Such debts are, thus, considered by this doctrine to be personal debts of the regime that incurred them and not debts of the state.

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Eric Sprott likes Silver more than Gold - CNBC

the markets are IMO, being propped up to entice popular investment, like in the first crash in 31. Got the whole population pretty much investing, borrowing etc then pulled the rug out from under everyone. I wouldn't buy any stock w/real money at all...hate that feeling you get when you get ripped off, conned. so why do it, when I know that is the point of the DOW etc going up? any second now, rug...GONE. IMHO

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

What is a silver shortage, and is there one right now?

What is a silver shortage, and is there one right now?

Following the news last week that the U.S. Mint had run out of its initial production of 2013 Silver Eagles, reports were circulating on industry blogs that the Royal Canadian Mint was next-in-line, and suffering a silver shortage. In other news the FED balance sheet crosses 3 Trillion as they print $85 billion per month. Not only is the fed printing but countries across the globe are expanding their currency supplies.Very interesting how the velocity of US Dollars is at a 50 year low while the money supply triples... which is the only reason that inflation has not yet sky-rocketed. But with the world-wide massive debasement of currencies by printing money out of thin air and chronic massive deficit spending, the prognosis for paper money & world economies is not good. This is all non-sustainable & sooner or later, something is going to give. Don't trust paper, trust PHYSICAL gold & silver in your hands.
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Physical Gold Shortage Possible in the Near Future

 New York, NY (PRWEB) February 25, 2013

In response to the economic stimulus programs employed by the world’s most powerful governments, central banks in many developing countries are transferring their holdings into gold, as the metal is considered a more tangible asset than reserve currencies that are being devalued in the ongoing currency war. According to reports from the World Gold Council, central bank buying accounted for 534.6 tons in 2012. Quite the shift from the previous trend of central banks selling 400 tons a year, accounting for over 900 tons in a 4,000 ton market. Among the new players in the central bank buying game were Latin American countries including Brazil, Paraguay, Venezuela and Mexico. Russia, South Korea and the Philippines held their status of recent big buyers, and Iraq made an appearance onto the scene last year, buying 24.1 tons of gold.

Arthur McGuire, Vice President of Gold Price, says, “As the world’s most powerful central banks print money without restraint, up-and-coming central banks all over the world are starting to realize that they don’t want to hold money that is being devalued and set to see hyperinflation in the future. China and India have been buying vast amounts of gold for years, but now we’re seeing smaller countries jump on the bandwagon, and this shift could cause a shortage soon. We’re recommending that investors buy gold coins and bars now, while prices are low compared to what they could rise to if we end up seeing a significant shortage of physical gold supply.”
Read more: http://www.digitaljournal.com/pr/1090803#ixzz2NG1lTw5Q


MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

There is a Silver Shortage! USGS Report; Destroyed.

manipulated reports,manipulated markets, there is no way to analize numbers without any certainty of where exactly they are derived from..if one number is based on a previous number and that one is inacurate then ? kinda like having a map and being told to walk ten feet, but they dont tell you where to start. i prefer to keep an eye on the street supply, the inventory levels, the back order time frames and such.keep pluggin away man.thanks .peace.

People were saying that this report proved there was not a silver shortage.. BrotherJohnF showed that this was untrue. But underneath the USGS's own data, which supposedly proved there was no silver shortage; an absolutely massive silver debt bubble was found.
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Silver price backwardation, corrections and perception shifts

By Dr. Jeffrey Lewis
The price of silver futures contracts have been regularly flirting with a state of backwardation ever since the 2008 financial crisis, which is a sign of a growing physical silver shortage. A state of backwardation occurs when the front month silver futures contract commands a price premium to the subsequent months’ contracts.
On one hand, this situation could actually provide larger traders who own the physical silver with an opportunity to simultaneously sell it and purchase futures contracts to recover their metal holdings for a net profit.
Paper and Physical Silver Price Backwardation
A backwardation also tends to indicate that industrial and personal silver consumers need the metal more now, rather than later.
When a backwardation in the silver market is driven by perception on The Street, this phenomenon would actually reveal the true fate of larger traders with insufficient physical silver supplies available to profit from this apparently easy money.
Nevertheless, the silver futures market ceased being a physical market years ago when the overall short position became dominated by just a few bullion banks. Whether these players control 25% or 50% of the net shorts, this concentration influences the paper price.
People Will Pay Whatever it Takes for Silver
The price of silver will ultimately be driven by premiums, which are ultimately determined by demand at the retail level. As confidence is lost in the futures market and shortages develop at physical metal dealers and scrap flows drop because they have already been panned out, an industrial panic will compete for the large (1,000 ounce) silver bar supply.
Following the notable silver rally in 1980, the market saw a divergence in demand flow. One consisted of a reduction in demand for increasingly expensive silverware and silver jewelry, which fell out of favor as wealth declined and cultural preferences shifted.
In contrast, silver production and demand for use in electronics and other industry took off, although governments sold their stockpiles of silver cheap, indirectly debasing their paper currencies along the way.
read more at http://www.resourceinvestor.com/2013/02/28/silver-price-backwardation-corrections-and-percept?ref=hp


MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet