I interviewed David Morgan of Silver-Investor about what is happening in the metals market right now and how the events of the world are and will affect the metals.
We discuss how the sanctions against Russia and their bartering with Iran for oil now can lead Gold and Silver much higher in the markets.
We discuss how the manipulation could end of Gold and Silver and what it would take.
We discussed Silver being the most important metal in the world. Here is an article I did about that and why it is the most important metal.
David computes the amount of M1 (dollars in cash) circulating in the world, not credit, derivatives or fractional system of digital money to what Gold and Silver would be at, if we used the Gold standard. He did not even attempt to compute the fractional money system to Gold and Silver prices because that would really put Gold and Silver at prices that are Zimbabwe numbers.
The interview is worth listening to.
David has excellent insight to the metals market and helps people understand the value of them and where the markets could head in the future.
Showing posts with label manipulation. Show all posts
Showing posts with label manipulation. Show all posts
Sunday, April 6, 2014
Friday, February 1, 2013
Bill Murphy Interview with me today 2/1/13 about Gold Manipulation, Germany's Gold, Silver shortage, Chinese Yuan and numerous other discussions.
I was honored to interview Bill Murphy the founder of GATA and lemetropolecafe. We discussed Germany's Gold, China being backed by Gold, the Comex, Jp Morgan and their shorts and the class action suit that was dismissed. You will need to turn up your speakers as the audio from Bill's side is not very loud, but you will then hear me "loud and clear."
Related article - IMF confirms Chinese Yuan as "Global Reserve Currency"
Part 1 of the interview
Part 2 of the Interview
Related article - IMF confirms Chinese Yuan as "Global Reserve Currency"
Part 1 of the interview
Part 2 of the Interview
Tuesday, January 29, 2013
David Morgan Interview with me about Silver Shortage, Germany's Gold and China as the Global Reserve Currency on 1/29/13
David Morgan the Silver-Investor.com and Morgan Report graciously allowed me interview him today 1/29/13 about what is happening in the Silver market, Germany wanting their gold and China using "Global Reserve Currency" in an article for the Yuan today.
Part one - Silver shortage/manipulation
Part 2 - Germany and China
Part 3
Part one - Silver shortage/manipulation
Part 2 - Germany and China
Part 3
Tuesday, April 13, 2010
Thursday, September 3, 2009
China Pushing Gold and Silver to it's Population for Investment! WOW - Awesome!
UPDATE: 9/14/09
Article out with very interesting information: http://www.kitcocasey.com/articles/2961/what-the-heck-is-going-on-with-china?/
We already learned, back in April, that China has been salting away bullion for the previous six years, out of sight of international gold watchers. To the tune of 14.6 million ounces. Now the evidence suggests that that was merely the prologue.Let’s take these tidbits one at a time: Sovereign wealth fund dumping $$ for gold?
This one is still at the rumor stage, but highly-respected website Mineweb.com is supporting it (http://www.mineweb.com/mineweb/view/mineweb/en/page67?oid=88400&sn=Detail). What we know for sure is that the country founded its primary sovereign wealth fund, China Investment Corporation (CIC), two years ago, with the stated aim of rapidly deploying some of its $1.5 trillion forex surpluses – $200 billion initially, with another $100 billion recently added to the kitty – into investment in non-Chinese enterprises. This it has been doing in spades, acquiring businesses around the globe. Extractive industries are among them, including Teck Corp., the diversified Canadian mining giant.
Might it also be buying up gold? We don’t know that for sure, but it seems likely. And, in addition, rumors sneaking off the mainland indicate that within the CIC, a lot of effort is being poured into prospective investment deals in the oil and precious metals sectors. The more it produces, the more it can keep.The Chinese have made no secret of their disdain for current American economic policy and what they see as the inevitable destruction of the dollar. That they would be moving to diversify out of the greenback shocks precisely no one, and gold is one logical landing place for all those bucks. We suspect that’s exactly what is happening, behind the scenes as well as center stage.Gold and silver pushed to the people.
As recently as 2002, the private ownership of gold was prohibited in China. You could be jailed if caught with any in your possession. Beginning in 2009, in a stunning about-face, the central government removed all restrictions. In fact, as Mineweb and other sources report now it’s actively pushing folks to buy some personal metal, with China's Central Television, the main state-owned television company, running news programs cum infomercials, letting the public know just how easy it is to purchase gold and silver as an investment.
There are persistent rumors that the export of silver has already been banned. Gold could be next.
Thus China, which only yesterday was the lowest per-capita consumer of gold in the world, is bidding to become the biggest. Some analysts believe it will pass India – the top dog since forever – as early as 2010. Clearly, the government believes the country is strengthened if everyone who can holds some hard currency. All this suggests a mania in the making, and only in the formative stage. Imagine if hundreds of millions of new consumers climb on that particular bandwagon…
___________________________________________________________________
UPDATE 8/3/09 12:36 PM -
Hong Kong is now recalling their gold from London, they will store their own gold from now on. Asia is really getting serious about their gold!
link to article: http://www.marketwatch.com/story/dj-hong-kong-recalls-gold-reserves-says-it-can-store-it-at-home-2009-09-03
Will other countries start deciding they want to store their own gold too and recall it from the U.S.? The next question is... is there gold still where it is suppose to be in Fort Knox? One more question.... Is there even any gold left at Fort Knox? Many say there is not and the U.S. does not actually have any gold left. It should start getting interesting, if more countries want their gold. Wonder if Hong Kong's gold is still where it is suppose to be in London too? Gordon Brown did do lots of selling of gold the last few years and there are lots of those "leases" out there.
__________________________________________________________________
China is pushing Gold and Silver to it's citizens for investment. They are running ads and trying to sell it like "soap". The Chinese are getting into it big time too!
China just began allowing it's citizens to buy it as an investment.
The largest market in the world has just opened up and the Chinese are taking advantage of this opening.
My opinion is, with the largest population in the world in one country now being allowed to purchase metals; they demand will start to far out weigh the manipulation.
The U.S. government, through their crony banks will have to work harder to manipulate the prices! YEAH! I am lovin It!
So, if China is pushing this, let's see how the manipulation pushes back. Who will win? I know which side I am on!
link to article: http://www.mineweb.co.za/mineweb/view/mineweb/en/page33?oid=88452&sn=Detail
Apparently China is pushing the idea of buying gold and silver for investment purposes to the general population in the way that Western television sells soap powder. If 1.3 billion Chinese citizens start buying gold and silver, even in tiny quantities, imagine what that will do to the market!
The report notes that China's Central Television, the main state-owned television company, has run a news programme letting the public know how easy it is to buy precious metals as an investment. On silver investment the announcer is quoted as saying " China has introduced its first ever investment opportunity for silver bullion. The bars are available in 500g, 1kg, 2kg and 5kg with a purity of 99.9%. Figures show that gold was fifty times more expensive than silver in 2007, but now that figure has reached over seventy times. Analysts say that silver has been undervalued in recent years. They add that the metal is the right investment for individual investors and could be a good way to cash in."
What appears to have happened in China is a total relaxation of strictures on holding precious metals by the individual with the government pushing gold and silver as an investment option, seemingly at every opportunity. This is a far cry from the situation only a few years ago where the distribution of gold and silver was strictly controlled. Now, the Thunder Road Report notes that every bank will sell gold and silver bullion bars in four different sizes to individuals and gold related investments are said to be soaring in popularity.
Around a year ago, Leyshon Resources managing director, Paul Atherley, in an investor presentation in London - and no doubt delivered elsewhere in the world too - commented that some employees at the company's gold mining project in northern China would, on pay day, go to the local bank and buy a small gold bar as an investment and wealth protector. To an extent we put this down at the time to mining company hype - but this seems to be exactly the same phenomenon noted by Thunder Road. The Chinese are being converted from being the lowest per capita gold consumers in the world to a nation of small precious metals investors. Now, by next year, Chinese consumption of gold is likely to exceed that of India, which has been for years the world's biggest gold market. And one suspects that the potential for gold purchasing by individuals is only in its earliest stages. As more and more Chinese move into the cities and individual wealth grows, this trend is only likely to accelerate.
Paul ends the piece on Chinese gold and silver potential with the following comment: "Simply put, the Chinese government is trying to trigger a national gold craze...and it's working. The Chinese public now has gold trading platforms on steroids.... ...Also, for the first time in history, Chinese investors can even trade gold abroad (in London) with the swipe of a ‘Lucky Gold' card. I can't even get Bank of America to open a foreign currency account."
This may be an overstatement of the case from a precious metals bull - or it may not! Certainly if China is indeed pushing the public to buy gold then there may well be a hidden agenda here. It's unlikely they are doing it and will suddenly pull the rug out from under millions of investors. A cynic (or a raging gold bull) would suggest that this will precede a move to switch a good proportion of the country's reserves into gold which would have a huge effect on the global gold price and could prove disastrous for the dollar. Maybe it's not in China's interests to drive the dollar down too much until it has managed to divest itself of the huge dollar overhang (see the article on Chinese Sovereign Wealth Funds we published yesterday - Chinese sovereign wealth fund dumping dollars for strategic investments like gold ). The country may well already be, of course, surreptitiously building its gold reserves without reporting the build-up.
If the Chinese are indeed beginning to buy gold and silver as the quoted report suggests then this has to be a strong signal that prices are going to rise, and perhaps rise dramatically, in the relatively near future. We await comment from other China watchers for confirmation of the gold and silver buying spree, but with global gold production at best flat and probably in decline, even a small increase in Chinese buying could have a substantial impact on gold and silver prices.
So, have you bought Gold or Silver lately? Don't be left in the dust - Gold has been rising steadily now in the last 3 days.
Article out with very interesting information: http://www.kitcocasey.com/articles/2961/what-the-heck-is-going-on-with-china?/
We already learned, back in April, that China has been salting away bullion for the previous six years, out of sight of international gold watchers. To the tune of 14.6 million ounces. Now the evidence suggests that that was merely the prologue.Let’s take these tidbits one at a time: Sovereign wealth fund dumping $$ for gold?
This one is still at the rumor stage, but highly-respected website Mineweb.com is supporting it (http://www.mineweb.com/mineweb/view/mineweb/en/page67?oid=88400&sn=Detail). What we know for sure is that the country founded its primary sovereign wealth fund, China Investment Corporation (CIC), two years ago, with the stated aim of rapidly deploying some of its $1.5 trillion forex surpluses – $200 billion initially, with another $100 billion recently added to the kitty – into investment in non-Chinese enterprises. This it has been doing in spades, acquiring businesses around the globe. Extractive industries are among them, including Teck Corp., the diversified Canadian mining giant.
Might it also be buying up gold? We don’t know that for sure, but it seems likely. And, in addition, rumors sneaking off the mainland indicate that within the CIC, a lot of effort is being poured into prospective investment deals in the oil and precious metals sectors. The more it produces, the more it can keep.The Chinese have made no secret of their disdain for current American economic policy and what they see as the inevitable destruction of the dollar. That they would be moving to diversify out of the greenback shocks precisely no one, and gold is one logical landing place for all those bucks. We suspect that’s exactly what is happening, behind the scenes as well as center stage.Gold and silver pushed to the people.
As recently as 2002, the private ownership of gold was prohibited in China. You could be jailed if caught with any in your possession. Beginning in 2009, in a stunning about-face, the central government removed all restrictions. In fact, as Mineweb and other sources report now it’s actively pushing folks to buy some personal metal, with China's Central Television, the main state-owned television company, running news programs cum infomercials, letting the public know just how easy it is to purchase gold and silver as an investment.
There are persistent rumors that the export of silver has already been banned. Gold could be next.
Thus China, which only yesterday was the lowest per-capita consumer of gold in the world, is bidding to become the biggest. Some analysts believe it will pass India – the top dog since forever – as early as 2010. Clearly, the government believes the country is strengthened if everyone who can holds some hard currency. All this suggests a mania in the making, and only in the formative stage. Imagine if hundreds of millions of new consumers climb on that particular bandwagon…
___________________________________________________________________
UPDATE 8/3/09 12:36 PM -
Hong Kong is now recalling their gold from London, they will store their own gold from now on. Asia is really getting serious about their gold!
link to article: http://www.marketwatch.com/story/dj-hong-kong-recalls-gold-reserves-says-it-can-store-it-at-home-2009-09-03
Will other countries start deciding they want to store their own gold too and recall it from the U.S.? The next question is... is there gold still where it is suppose to be in Fort Knox? One more question.... Is there even any gold left at Fort Knox? Many say there is not and the U.S. does not actually have any gold left. It should start getting interesting, if more countries want their gold. Wonder if Hong Kong's gold is still where it is suppose to be in London too? Gordon Brown did do lots of selling of gold the last few years and there are lots of those "leases" out there.
__________________________________________________________________
China is pushing Gold and Silver to it's citizens for investment. They are running ads and trying to sell it like "soap". The Chinese are getting into it big time too!
China just began allowing it's citizens to buy it as an investment.
The largest market in the world has just opened up and the Chinese are taking advantage of this opening.
My opinion is, with the largest population in the world in one country now being allowed to purchase metals; they demand will start to far out weigh the manipulation.
The U.S. government, through their crony banks will have to work harder to manipulate the prices! YEAH! I am lovin It!
So, if China is pushing this, let's see how the manipulation pushes back. Who will win? I know which side I am on!
link to article: http://www.mineweb.co.za/mineweb/view/mineweb/en/page33?oid=88452&sn=Detail
Apparently China is pushing the idea of buying gold and silver for investment purposes to the general population in the way that Western television sells soap powder. If 1.3 billion Chinese citizens start buying gold and silver, even in tiny quantities, imagine what that will do to the market!
The report notes that China's Central Television, the main state-owned television company, has run a news programme letting the public know how easy it is to buy precious metals as an investment. On silver investment the announcer is quoted as saying " China has introduced its first ever investment opportunity for silver bullion. The bars are available in 500g, 1kg, 2kg and 5kg with a purity of 99.9%. Figures show that gold was fifty times more expensive than silver in 2007, but now that figure has reached over seventy times. Analysts say that silver has been undervalued in recent years. They add that the metal is the right investment for individual investors and could be a good way to cash in."
What appears to have happened in China is a total relaxation of strictures on holding precious metals by the individual with the government pushing gold and silver as an investment option, seemingly at every opportunity. This is a far cry from the situation only a few years ago where the distribution of gold and silver was strictly controlled. Now, the Thunder Road Report notes that every bank will sell gold and silver bullion bars in four different sizes to individuals and gold related investments are said to be soaring in popularity.
Around a year ago, Leyshon Resources managing director, Paul Atherley, in an investor presentation in London - and no doubt delivered elsewhere in the world too - commented that some employees at the company's gold mining project in northern China would, on pay day, go to the local bank and buy a small gold bar as an investment and wealth protector. To an extent we put this down at the time to mining company hype - but this seems to be exactly the same phenomenon noted by Thunder Road. The Chinese are being converted from being the lowest per capita gold consumers in the world to a nation of small precious metals investors. Now, by next year, Chinese consumption of gold is likely to exceed that of India, which has been for years the world's biggest gold market. And one suspects that the potential for gold purchasing by individuals is only in its earliest stages. As more and more Chinese move into the cities and individual wealth grows, this trend is only likely to accelerate.
Paul ends the piece on Chinese gold and silver potential with the following comment: "Simply put, the Chinese government is trying to trigger a national gold craze...and it's working. The Chinese public now has gold trading platforms on steroids.... ...Also, for the first time in history, Chinese investors can even trade gold abroad (in London) with the swipe of a ‘Lucky Gold' card. I can't even get Bank of America to open a foreign currency account."
This may be an overstatement of the case from a precious metals bull - or it may not! Certainly if China is indeed pushing the public to buy gold then there may well be a hidden agenda here. It's unlikely they are doing it and will suddenly pull the rug out from under millions of investors. A cynic (or a raging gold bull) would suggest that this will precede a move to switch a good proportion of the country's reserves into gold which would have a huge effect on the global gold price and could prove disastrous for the dollar. Maybe it's not in China's interests to drive the dollar down too much until it has managed to divest itself of the huge dollar overhang (see the article on Chinese Sovereign Wealth Funds we published yesterday - Chinese sovereign wealth fund dumping dollars for strategic investments like gold ). The country may well already be, of course, surreptitiously building its gold reserves without reporting the build-up.
If the Chinese are indeed beginning to buy gold and silver as the quoted report suggests then this has to be a strong signal that prices are going to rise, and perhaps rise dramatically, in the relatively near future. We await comment from other China watchers for confirmation of the gold and silver buying spree, but with global gold production at best flat and probably in decline, even a small increase in Chinese buying could have a substantial impact on gold and silver prices.
So, have you bought Gold or Silver lately? Don't be left in the dust - Gold has been rising steadily now in the last 3 days.
Wednesday, August 5, 2009
Change coming To Silver - Manipulation to Ease? Also Demand is Huge - compared to Supply!
I am a big believer in Silver - Also you will see in various postings of mine earlier - I have discussed all the ongoing manipulation of metals - along with charts.
Before I get to the article - I also want to say, if you are familiar with the webbot - then you know they are pretty much on target with what will be happening. Something keeps coming up in the language at various times. What might that be?
Silver!!
Silver keeps being mentioned in the Alta Reports - one says next year Silver will be from $600 to $800 per ounce!! Imagine That!! Compared to under $15.00 today per ounce. Recently in the language there was a mention of silver, it was where it would be $24.00 per ounce one day and just days later - it would shoot up to $350.00 per ounce!! NOW Imagine That!!
Is the above information guaranteed? NO - Do not take that information as gospel - I am simply relaying what it says happens. Of course I can HOPE!!
So, knowing this language has been out there about Silver - I like to see what news is around regarding it.
I found a wonderful article today - from someone I follow and is truly a Silver Expert.
Ted Butler - he has a newsletter called "Silver Seek".
He had some great information today, which is encouraging to me, that the Webbot Alta language may just be on to something.
link to article: http://news.silverseek.com/TedButler/1249414304.php
"For instance, despite a sharp $3.50 decline from the $16 level in early June, no metal was liquidated in the combined holdings of the silver EFTs. This was very much at odds with the normal pattern of some liquidation in past price declines. Instead, combined silver holdings rose to new records. Plus, a number of new investment vehicles buying physical silver were introduced during this period. By my count, as many as 15 million ounces of silver may have been accumulated by existing and new ETF vehicles in the past month, adding to the hundreds of millions of ounces accumulated and taken off the market over the past few years. This contrasted with a notable liquidation in gold ETF holdings, even though the gold price declined in much smaller percentage terms over the same time period."
Above you can read, silver holdings have increased more than gold.
Oh, by the way, in case you did not know - there is actually less Silver in the World than there is Gold!! Also Silver is used for many more applications than gold is. Silver is an industrial metal besides an investment metal.
"In addition, Silver Eagle sales from the US Mint have accelerated over the past two months, with July recording the second largest monthly sales of the year. Gold Eagle sales, while still very strong for the year, recorded the second lowest monthly sales for the year in July. The Mint is on a pace that could result in more than 28 million ounces of Silver Eagles being produced and sold this year, the most in history and roughly three times larger than the average for the past decade. To put this number in perspective, the 28 million ounces potentially consumed in new Silver Eagles would represent more than 75% of all the silver mined annually in the US, the world’s eighth largest producer. This takes silver off the market and tightens physical supply. For comparison purposes, Gold Eagle sales, on the current pace, will consume 15% of gold mine production in the US, the world’s fourth largest producer."
As you can read - almost all the silver produced is consumed, compared to Gold - only 15% is consumed.
"Now there are promising signs of change, the most important being the appointment of a dynamic new chairman at the CFTC, Gary Gensler. He brings to the Commission something rarely observed in the history of the CFTC, market experience and a sense of purpose. As I indicate in this new interview with King World News, Click Here
I think Gensler is already the best chairman in CFTC history, even though he has been on the job for little more than 2 months. I think he represents the best chance ever that the CFTC will terminate the decades-long silver manipulation. Someday, I may have to eat my words, but that day is not today. Let me explain why."
Since there is a new Chairman, Ted Butler feels there is a good chance the manipulation will end. He has a very good, but somewhat complicated explanation at the link. The explanation is detailed, so I would advice going to the link to read it completely.
The long and short of it is, hopefully with the new chairman - the obvious manipulation which has been ignored for decades will now come to an end. The manipulation is at that point where only fools involved with the manipulation can deny it. The data has gotten overwhelming and obvious. I am reinserting graphs here, that I have in a post farther down on the page.
Before I get to the article - I also want to say, if you are familiar with the webbot - then you know they are pretty much on target with what will be happening. Something keeps coming up in the language at various times. What might that be?
Silver!!
Silver keeps being mentioned in the Alta Reports - one says next year Silver will be from $600 to $800 per ounce!! Imagine That!! Compared to under $15.00 today per ounce. Recently in the language there was a mention of silver, it was where it would be $24.00 per ounce one day and just days later - it would shoot up to $350.00 per ounce!! NOW Imagine That!!
Is the above information guaranteed? NO - Do not take that information as gospel - I am simply relaying what it says happens. Of course I can HOPE!!
So, knowing this language has been out there about Silver - I like to see what news is around regarding it.
I found a wonderful article today - from someone I follow and is truly a Silver Expert.
Ted Butler - he has a newsletter called "Silver Seek".
He had some great information today, which is encouraging to me, that the Webbot Alta language may just be on to something.
link to article: http://news.silverseek.com/TedButler/1249414304.php
"For instance, despite a sharp $3.50 decline from the $16 level in early June, no metal was liquidated in the combined holdings of the silver EFTs. This was very much at odds with the normal pattern of some liquidation in past price declines. Instead, combined silver holdings rose to new records. Plus, a number of new investment vehicles buying physical silver were introduced during this period. By my count, as many as 15 million ounces of silver may have been accumulated by existing and new ETF vehicles in the past month, adding to the hundreds of millions of ounces accumulated and taken off the market over the past few years. This contrasted with a notable liquidation in gold ETF holdings, even though the gold price declined in much smaller percentage terms over the same time period."
Above you can read, silver holdings have increased more than gold.
Oh, by the way, in case you did not know - there is actually less Silver in the World than there is Gold!! Also Silver is used for many more applications than gold is. Silver is an industrial metal besides an investment metal.
"In addition, Silver Eagle sales from the US Mint have accelerated over the past two months, with July recording the second largest monthly sales of the year. Gold Eagle sales, while still very strong for the year, recorded the second lowest monthly sales for the year in July. The Mint is on a pace that could result in more than 28 million ounces of Silver Eagles being produced and sold this year, the most in history and roughly three times larger than the average for the past decade. To put this number in perspective, the 28 million ounces potentially consumed in new Silver Eagles would represent more than 75% of all the silver mined annually in the US, the world’s eighth largest producer. This takes silver off the market and tightens physical supply. For comparison purposes, Gold Eagle sales, on the current pace, will consume 15% of gold mine production in the US, the world’s fourth largest producer."
As you can read - almost all the silver produced is consumed, compared to Gold - only 15% is consumed.
"Now there are promising signs of change, the most important being the appointment of a dynamic new chairman at the CFTC, Gary Gensler. He brings to the Commission something rarely observed in the history of the CFTC, market experience and a sense of purpose. As I indicate in this new interview with King World News, Click Here
I think Gensler is already the best chairman in CFTC history, even though he has been on the job for little more than 2 months. I think he represents the best chance ever that the CFTC will terminate the decades-long silver manipulation. Someday, I may have to eat my words, but that day is not today. Let me explain why."
Since there is a new Chairman, Ted Butler feels there is a good chance the manipulation will end. He has a very good, but somewhat complicated explanation at the link. The explanation is detailed, so I would advice going to the link to read it completely.
The long and short of it is, hopefully with the new chairman - the obvious manipulation which has been ignored for decades will now come to an end. The manipulation is at that point where only fools involved with the manipulation can deny it. The data has gotten overwhelming and obvious. I am reinserting graphs here, that I have in a post farther down on the page.
With the new chairman and knowing almost all the silver is being taken that is produced in the U.S. - then it does not seem unfeasible for Silver to shoot to the moon.
We can only Hope and Watch the market.
Have you positioned yourself for the manipulation of the metals market to possibly and finally come to an end?
Tuesday, June 16, 2009
Obvious Gold and Silver Manipulation - Graphs of Shorts
Ted Butler from Silver Seek, put together some graphs showing the obvious manipulation of the metals market. Metals are the biggest shorted items of commodities.
They can keep getting away with it, because they have the backing of the American government. It would not do, for gold and silver to actually be high in price, as it would debase the paper that is being printed 24/7 in the U.S.
link to full article: http://news.silverseek.com/TedButler/1245173905.php
Subscribe to:
Posts (Atom)