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Serpo
20th April 2016, 09:01 PM
He dosnt seem to trust the rally........




Fake-rally in precious metals nearing end???

by The Daily Coin (http://thedailycoin.org/author/rory/) · April 20, 2016


by Jeff Nielson, Bullion Bulls Canada (http://www.bullionbullscanada.com/index.php/bulletin-boards/12-gold-silver-talk/33088-warning-precious-metals-being-set-up-for-crash?start=30)
Roughly 2 1/2 months ago, I began warning readers that the current “rally” in gold and silver markets was a FAKE RALLY.
One reason for my cynical reaction was to simply look at who was (suddenly) pumping these markets. It was the same mainstream hacks who have been relentlessly bashing gold and silver for the past 5 years, and in some cases (like Dennis Gartman) for much longer than that. Suspicious, to put it mildly. However, my more important reason for concluding that this is a fake-rally was to simply consider the banking Crime Syndicates “script” for our markets. The basic Script is an eight-year, bubble-and-crash cycle — a cycle which is obviously nearing an end.
Would this Crime Syndicate ever allow gold and silver to rally while (all) other markets were being crashed? Impossible. Rising precious metals prices are one of the most-serious threats to the viability of the Crime Syndicate, which is why they have maintained a choke-hold on these markets for 5+ years.
Nothing has changed which would cause the Crime Syndicate to lose that choke-hold. Thus the only reason the “rally” would be allowed to happen is to better set-up gold and silver markets for the Crash. It’s hard to “crash” markets which are already at rock-bottom levels.
I observed that one reason we knew it was a fake-rally was because the silver market was not “leading the way”. I pointed out that this anomaly was due to the banksters’ much greater fear of the silver market — since the price of silver has been perverted to an even more-insane level since 2011.
I then added these observations a few weeks ago:
The silver market is much harder to prognosticate, because as I have often explained over the years, it is the ‘more dangerous’ market to the banksters, for all sorts of reasons. One of these reasons is that (as we know) silver is even radically undervalued in comparison to gold. Historically, the two metals have always been EQUALLY PREFERRED (in proportionate terms). The supply ratio of silver to gold (in the Earth’s crust) is 17:1. The long-term price ratio is 15:1. There is a very slight preference for silver (in relative terms) because silver is the People’s Metal. Today, if we estimate above-ground stockpiles of silver versus gold at 6:1 (because of all the silver that has been “consumed”), then this implies that the current, suppressed price for silver should be just over $200/oz. I’ve already explained to readers (in the past) how/why I think a real fair-market price for silver (today) should be roughly $1,000/oz.
$1,000/oz For Silver (Today): A Starting Point (http://www.bullionbullscanada.com/index.php/commentary/silver-commentary/26595-1000oz-for-silver-today-a-starting-point)
This means that the silver market could literally explode higher, totally beyond even the banksters’ control, if it ever got too much momentum. Thus what we will see is that silver will be held back in this fake-rally, until probably just a week or two before the precious metals markets will be crashed. This way the price of silver can still get high enough to slam it down hard, but there won’t be any time for any “big move” into the market by buyers/traders.

…and what have we been seeing for the past week or two? The mainstream media is only too-happy to point it out:
Gold/Silver Ratio Falls To 74; Silver Outperforming Gold
What a surprise! Who could have “predicted” this (even though the price of silver MUST outperform gold in any real rally)? The question then becomes: are we going to see precious metals markets crash tomorrow? Next week? Next month?
My prognosticating here has been based upon the premise that “the Next Crash” (http://www.bullionbullscanada.com/index.php/commentary/us-commentary/26568-the-next-crash-in-2016) will have an economic impetus as its official “cause”. That is the whole point of scripting eight-year cycles. It matches the U.S. election cycle.
The Crash is staged near the end of the eight-year reign of 1/2 of the Two-Party Dictatorship, so that the incumbent party can be fingered as the Scapegoat, and the previously reviled “opposition” can be hailed as the White Knight riding in to “save the day.” It is a Script utterly juvenile in its simplicity. But with the banksters having already perpetrated this Cycle twice previously, why not a third time?
In that scenario, a crash-window some time between April and June would be optimal, thus we could see the Next Crash at any time. However, there is another alternative here — a much worse alternative. The only reason the banksters would deviate (at all) from their previous Script is if they were going to “crash” our markets due not to some supposed economic event, but rather in reaction to an EXOGENOUS EVENT.
Here, unfortunately, we can be much more specific. If the crash is not attributed to some economic cause, then it will be triggered via some (horrific) geopolitical cause: either a new, major war, or another “terrorist” false-flag event, on a scale similar to, if not greater than the 9/11 false-flag event…and then a major war.
The Rise of the Fourth Reich, Part I (http://www.bullionbullscanada.com/index.php/commentary/us-commentary/26686-the-rise-of-the-fourth-reich-part-i)
The Rise of the Fourth Reich, Part II (http://www.bullionbullscanada.com/index.php/commentary/us-commentary/26687-the-rise-of-the-fourth-reich-part-ii)
The Rise of the Fourth Reich, Part III (http://www.bullionbullscanada.com/index.php/commentary/us-commentary/26688-the-rise-of-the-fourth-reich-part-iii)
If we see gold and silver prices ‘suddenly’ crash in the next, few days or weeks, that is cause for concern. If we don’t see this fake-rally come to an end within that time-frame, that is cause to be very, very afraid.
Gold/Silver Ratio Falls To 74; Silver Outperforming Gold
www.kitco.com/news/2016-04-19/Gold-Silve…g-Gold-Analysts.html (http://www.kitco.com/news/2016-04-19/Gold-Silver-Ratio-Falls-To-74-Silver-Outperforming-Gold-Analysts.html)
Silver prices are continuing their strong surge, outpacing gold on a combination of “catch-up” buying and improved prospects for industrial demand, analysts say. As of 9:55 a.m. EDT, the ratio of spot gold to silver had fallen to around 74. This is the lowest level since October, pointed out Robin Bhar, metals analyst with Société Générale…



- See more at: http://thedailycoin.org/fake-rally-in-precious-metals-nearing-end/2016/04/20/#sthash.oNz0G6jA.dpuf

Serpo
21st April 2016, 03:01 AM
Fun With Comex Open Interest

By Turd Ferguson | Wednesday, April 20, 2016 at 11:21 am
Gold prices remain firm today...with the exception of the $5 drop at the London PM Fix...and they remain at a critical juncture. Price needs to extend higher here but total Comex open interest is back above the 500,000 level and, if recent history is any guide, that's not a good sign.
Let's start with the open interest numbers for yesterday as they were exactly as expected. On the $19 price surge, you knew that The Banks were in there, desperately attempting to keep things in check. To that end, The Criminals issued another 13,553 contracts of Comex gold yesterday. Again, these contracts represent an additional 1,355,300 "troy ounces" of paper metal and a future intent to deliver over 42 metric tonnes of gold. However, no additional gold collateral was deposited and no delivery is ever intended. Instead, The Criminal Banks issue this new paper in order to meet Speculator demand and thereby manage price from making fresh highs above $1264...and preserving their carefully-painted head-and-shoulder top:
http://www.tfmetalsreport.com/sites/default/files/users/u2/paper_unknown_505.png (http://www.tfmetalsreport.com/sites/default/files/users/u2/unknown_505.png)
So, what happens next? Well, it looks like price wants to break higher and I want price to break higher...but we have recent history working against us. Check this out:
DATE OPEN INTEREST NEXT DAY DROP
Mar 10 504,418 -$14
Mar 17 508,262 -$11
Mar 22 510,579 -$25
Apr 12 504,523 -$13
Apr 19 503,331 so far, so good
So, we'll see. Like we've been saying, we need even more Spec fiat to flow into paper gold. This would force The Banks to take OI up to 550,000 and price would likely move to new highs near/above $1300. Now, what could/can/might entice enough new Specs onto The Comex to make this happen? Maybe the next set of FOMC Fedlines next week on the 27th? Maybe the release of the first guesstimate of Q1 GDP the next day? Maybe more crazy fun out of Shanghai? I don't know. But we need some kind of catalyst...otherwise, The Banks will just overtly raid price again, forcing The Specs back out and dropping OI back toward 480,000.
Silver saw an open interest increase yesterday, too, but not much when you consider that price was up over 4%. Total Comex silver OI rose by 946 contracts to 194,510. Don't misunderstand, though. This is still an extraordinarily high amount of open interest. The all-time high in Comex OI was set last June 23 at 200,273 and, less than two weeks ago, we were at 175,000. However, if you really want to get frustrated and angry, consider this:
Every Comex contract represents an opportunity to buy or deliver 5,000 troy ounces of silver. Therefore, when we do the math: 194,510 contracts X 5,000 oz/contract we get a total Comex "obligation" of 972,550,000 ounces of "silver". And here's your trivia question of the day...How much silver does the world produce every year? About 870,000,000 ounces. So The Comex silver open interest represents at 112% of total mine supply.
How does that compare to gold? Well, the world is projected to mine about 3,000 mts this year or about 96,000,000 ounces of gold. With each Comex contract representing 100 ounces, a total OI of 503,331 contracts equals 50,333,100 ounces or about 52% of total mine supply.
And what about platinum? A Comex contract represents 50 ounces of platinum and there are currently 60,387 of them floating around. This represents 3,019,350 ounces of paper platinum. And how much platinum does the world mine every year? About 178 metric tonnes or roughly 5.7 million ounces. So here the Comex also trades about 52% of mine supply.
Lastly, and just for fun, you might consider that total Comex copper open interest is 201,891 contracts. Each contract represents 25,000 pounds of copper. This yields a total of just over 5 billion pounds of copper. That may sound like a lot until you consider that the world produces about 41 billion pounds annually. So, The Comex copper open interest represents about 12% of total mine supply.
HAHAHAHAHAHAHAHA!!! Do you see a little bit of disparity here??? What would be the paper price of silver if open interest was cut in half to the level of gold and platinum? What would be the paper price if OI was reduced by 90% to the relative level of copper? And you wonder why I call the Bankers "criminals" and "thieves", and why I call the Comex a "den of vipers" while using the terms "fraud" "scam" and "sham".
So, anyway, before I start getting angry, I think I'll just give you a couple of charts and then close out this post. Here are gold and silver. Again, gold needs a move through $1264 to ease some of my concerns. Provided gold holds in there in the short term, I still think that silver charges through $17.20 and heads to $17.70.
http://www.tfmetalsreport.com/sites/default/files/users/u2/paper_unknown-1_339.png (http://www.tfmetalsreport.com/sites/default/files/users/u2/unknown-1_339.png)http://www.tfmetalsreport.com/sites/default/files/users/u2/paper_unknown-2_396.png (http://www.tfmetalsreport.com/sites/default/files/users/u2/unknown-2_396.png)
As I close, I see we're at $1258 and $17.20.
More later,
TF

http://www.tfmetalsreport.com/blog/7576/fun-comex-open-interest

Neuro
21st April 2016, 04:46 AM
Gold touched at $1263 and Silver $17.69...