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Posts tagged ‘Silver’

Keiser Report: The Counterattack! (E160)

This time Max Keiser and co-host, Stacy Herbert, report on oil dumps and contango and on organizing counterattacks with silver. In the second half of the show, Max talks to Jeff Berwick of DollarVigilante.com about manipulation of oil and silver markets and new currencies and dead ones

Flash crash for silver futures after Comex margin change

Posted on 02 May 2011 from our friends over at wealthbuilder.ie

 

Silver futures yesterday suffered their biggest plunge since October 2008 during the global financial crisis with metal due for delivery in July falling to $42.20 an ounce.

The ‘Flash Crash’ followed a rule change by the Chicago Mercantile Exchange that increased silver margins by 13 per cent with effect from the close of business on Friday. Raising margin requirements is a classic way to try to cool a speculative market.

However, silver for immediate delivery quickly recovered to $45, albeit sharply off the highs of almost $50 reached last week. Gold lost a little of its recent shine dropping just below $1,550 an ounce.

Is this the start of a summer swoon for precious metals? If so it has been widely anticipated and would confirm to historic patterns of summer weakness, generally followed by a strong autumn rally.

Comex manipulation

The Comex rule change would be compounded by a general fall in global stock markets which are looking very overvalued after a long rally and a poor actual economic recovery to date. Gold and silver dropped alongside financial markets in the global financial crisis of 2008 but have not always headed down in periods of financial district.

That might make yesterday’s price move a ‘Flash Crash’ like the one a year ago that some saw as the start of a stock market downturn, while the market rally merely paused and then went on up and up.

Silver might similarly confound the skeptics and chart readers who focus too much on technical factors and do not consider the fundamental changes taking place in global currency markets where precious metals are the only money in demand.

The ArabianMoney newsletter published today contains novel ideas on how to make a fortune in silver without speculating on the Comex futures margin.

P Morgan silver scam

The National Inflation Association

For all those interested in the US economy I suggest  you look at this!

The National Inflation Association is an organization that is dedicated to preparing Americans for hyperinflation and helping Americans not only survive, but prosper in the upcoming hyperinflationary crisis.
With a $12.8 trillion national debt, $6.3 trillion in Fannie/Freddie debt and $60 trillion in unfunded obligations for programs such as Social Security, Medicare and Medicaid, the U.S. government has total obligations of over $79.1 trillion or 5.5 times our GDP of $14.2 trillion. It is our belief that the United States for all intents and purposes is bankrupt and Americans need to take steps immediately to protect themselves from the potential loss of the purchasing power of their U.S. Dollars.
NIA believes the largest financial crisis in history is ahead of us as a direct result of the U.S. government unwilling to accept a much needed recession. We are now at a point where our national debt is impossible to pay off. Due to rising interest payments on our national debt, it is unlikely the U.S. will be able to balance its budget ever again. Foreigners will eventually stop lending the U.S. money and the Federal Reserve will most likely have to print the money to fund our deficit spending out of thin air.
Our goal is to help as many Americans as possible become aware of the disaster we are rapidly approaching. In our opinion, the wealth of most Americans could get wiped out during the next decade, but it will be an opportunity for a small percentage of Americans to become wealthy by investing into companies that historically have prospered in an inflationary environment, such as Gold and Silver miners and Agriculture producers.

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