VIDEO Gold and Silver End Game Here-John Embry

[Hfcomms]

September 17, 2014

By Greg Hunter’s USAWatchdog.com

Investment strategist John Embry says the market manipulation in physical gold and silver is coming to an end. How close? Embry says, “I think we are very close now in the sense that the physical supplies of both gold and silver are being diminished at a fast clip. I just saw Indian imports (for gold) were up 176% in the latest month. . . . Basically, all this gold and silver is headed from west to east, and I think this is a very, very disturbing development for people who live in the west. The timing of it remains imprecise. I think because of the take down in the paper market is so aggressive, at this point, that there is something that is going on behind the curtain that suggests to me that things are getting very close to reaching a head. We won’t know until it happens, but you got to be on the right side of the trade the moment it happens. You can’t be late.” Embry goes on to say, “I have never seen more negative sentiment in the sector at a time when both gold and silver are remarkably underpriced. I think gold and silver are as cheap today as anytime in their histories. This is in relation to the amount of money out there, the cost of credit, the cost of digging it out of the ground and etcetera. Nobody is interested in buying it, and to me, this is one of the great buying opportunities of all time.”

On the subject of missing the overwhelming take down in the price of gold and silver since it peaked in 2011, Embry admits, “I think what we missed, and I have been thinking about this a lot, we didn’t fully understand the extent of the new financial innovation. What you have today between derivatives, high frequency trading, algorithm programs and what have you, you can do amazing damage to markets and put them almost anywhere you want. The only thing that can stop something in the case of gold and silver is there is a physical context to it. It’s our opinion the physical supply of gold and silver is reaching critically low levels. When the day arrives, the pricing mechanism will turn over to the physical market, away from the paper market, and the people shorting the paper market are going to have a religious experience.”

On the price of gold going down to possibly $600 per ounce, Embry says, “I take exception to people who say gold will go down to $600 an ounce. If the price of gold went down that low, there would be no more gold mining activity. . . . Naturally, the paper shorts came up and crushed the (gold and silver) market at the beginning of September, and I think this will pass. The key thing is you must own physical (gold and silver) outside of the banking system.”

Embry thinks gold price suppression is a key factor in global monetary policy. Embry contends, “If the gold price truly reflected what is really going on in monetary policy today, I think real interest rates would rise quite significantly. Given the amount of debt that is polluting the world banking system, to me, this is the end game, and that’s why it’s so vicious in terms of suppression right now. When this turns, it is going to change a lot of things. That’s why they are being so aggressive on maintaining pressure on the gold and silver prices. Silver is especially suppressed. I don’t think you can dig it out of the ground for less than $25 per ounce. It’s not like gold. There is not a huge above ground inventory.” Embry adds, “I have never seen it any more intense in terms of pressure in the paper market, which indicates we are near the end, and there is something seriously wrong with the system.”

Join Greg Hunter as he goes One-on-One with John Embry, Chief Investment Strategist at Sprott Asset Management.

http://www.youtube.com/watch?feature=player_embedded&v=r4xr_CoG1wI

http://usawatchdog.com/gold-and-silver-end-game-here-john-embry/

 

[MrPaul]

Good video, Greg Hunter's format and questions are top notch.

 

[Hfcomms]

I posted this before I watched it. This is close to a must watch video. If you have any interest at all in gold/silver or are involved and feel really beaten down, Embry will be filling in some of the blanks and answering questions that many of us have. It's getting really, really close now. This beat down in the paper market shows how desperate they are getting.

 

[fairbanksb]

How many times have we heard this before?

 

[Hfcomms]

Gold Demand In India Triples As China Launches Global Gold Bourse Tomorrow

09/17/2014 07:34 -0400

The Death Of The Indian Gold Market Has Been Greatly Exaggerated

Trade statistics for the month of August have just been released in India, showing a huge surge in gold imports compared to August of 2013. The value of gold officially imported into India in August totalled $2.04 billion, which was nearly three times more than the August 2013 figure of $739 million.

Although the Indian trade deficit fell to $10.84 billion in August from $12.2 billion in July on the back of a lower oil price and a drop in the value of oil imports from $14.3 billion to $12.8 billion, the deficit would have been lower were it not for the surge in the value of gold imports.

Official gold imports for the three months to June had fallen to $7 billion from $16.5 billion in the similar three month period last year. But Indian customs seizures have also risen suggesting the unofficial import trade is just circumventing the restrictions.

Import restrictions had curbed official imports but gold smuggling has intensified. Gold smugglers are very resourceful when it comes to importing gold into India, and smuggling is also set to intensify before the Diwali festival in October.

Recent gold premiums in India have been $4-$5 an ounce but are expected to increase to between $10-$12 an ounce as the festival and wedding seasons peak.

In India, gold demand rises during the festival season from a monthly average of 40-50 tonnes to over 60 tonnes a month. As usual, there is expected to be a pick-up in gold demand this year ahead of the five day festival centred around Diwali.

Diwali is on October 23 but the five day festival really begins with Dhanteras, the first day of Diwali on October 21 and ends with the last day called Bhai Dooj on October 25.

The wedding season is also approaching and this peaks in November and December. Gold is given as gifts and dowries during the wedding season and also acts as a source of demand for jewellery.

Over the last two years, there has been a concerted effort by the Indian government and the central bank, the Reserve Bank of India, to discourage gold imports. This has taken the form of continued hikes in gold import duties, the introduction of various gold import restrictions for banks and trading houses, while at the same time incentivising Indian banks to promote gold-backed products and gold deposit schemes so as to take Indian gold out of circulation and into the hands of the banks.

Without citing the Indian government's orchestrated campaign to try to smash Indian gold imports, some anti-gold media have recently been calling the death of gold buying in India, pointing to the increased interest by the younger urban population in modern financial savings and investments. However, the fact that Indian gold imports remain strong and bounce back any time government restrictions are lowered proves that this anti-gold media sentiment is mistaken.

Today the Chinese government backed Shanghai Gold Exchange (SGE) brought forward the launch date of its international gold trading platform which is hosted in the city’s free trade zone (FTZ). The gold trading platform will be known as the ‘international board’.

In a surprise announcement, the SGE said today that the international board will go-live this Thursday September 18, eleven days ahead of its original launch date of Monday September 29.

Forty members of the Exchange including global banks UBS, Goldman Sachs, HSBC and Standard Chartered, will participate in gold trading on the SGE’s international board, trading 11 yuan denominated physical gold contracts including the large 12.5 kg (400 oz) bar, the ever popular 1 kg bar and a 100 gram contract.

The location of the SGE international board in the Shanghai free trade zone is symbolic in that this location has been earmarked by the Chinese government as part of financial sector internationalisation strategy.

The SGE is also opening a precious metals vaulting facility in the free trade zone with a 1,000 tonne capacity limit.

In a related development yesterday, the Hong Kong based precious metals trade organisation, the Chinese Gold and Silver Society (CGSE) announced that they have been given permission by the Chinese government to construct a precious metals storage vaulting facility in a special economic zone in Shenzhen in China.

The CGSE is the the first non-mainland entity to be given such permission. The CGSE’s vaulting facility will have a 1,500 tonne capacity and will be completed by late 2016 or early 2017.

http://www.zerohedge.com/news/2014-...es-china-launches-global-gold-bourse-thursday

 

[Hfcomms]

How many times have we heard this before?

Stand back for a macro view and look what is going on in the world. If you are unable to see it nothing that anybody says will change your mind.

 

[imaginative]

The key thing is you must own physical (gold and silver) outside of the banking system

One sentence sums it up. It is not what you pay per oz; rather it is the number of ozs in your posession.

If Ag & Au go where we expect them to go- then whether you paid $40/oz or $6/oz will make very little difference

(tagged for watching later tonite)

 

[TerryK]

I have bought gold at 500 an ounce and I have bought gold at 1500 an ounce. Same with silver, I have bought silver at both high and low prices.
I have never bought PMs with the intention of selling them if the price reaches some magical number.
My PMs will either be used during or after shtf to survive or save my family's lives, or they will go to my children. They are both insurance and a multi-generation investment.
I have bought and sold paper PMs, but I bought those with the intention to buy and sell to make a profit in the same way I have bought stocks or ETFs.

Most people here are buying PMs for the "insurance" and should buy and hold, ideally forever and pay no attention to the weekly and monthly ups and downs of the PM market.
If you want to wheel and deal with the intention of making profits then "paper" PMs are the way to go along with a bottle of antacid to help you with the anxiety of who is manipulating the prices this week or next, otherwise stick with physical PMs and don't get ulcers worrying about price fluctuations.

 

[2x2]

I hope so, last 2 weeks sitting on 3000 shrs. of JNUG At average cost of $17.24 a shr. Playing with OPM now. JDST sitting on the bench just in case.

http://finance.yahoo.com/echarts?s=JNUG+Interactive#symbol=JNUG;range=1d

http://finance.yahoo.com/echarts?s=JNUG+Interactive#symbol=JNUG;range=5d

 

[Hfcomms]

If you want to wheel and deal with the intention of making profits then "paper" PMs are the way to go along with a bottle of antacid to help you with the anxiety of who is manipulating the prices this week or next, otherwise stick with physical PMs and don't get ulcers worrying about price fluctuations.

As Embry intimated, the shorts are going to continue to win until they can't manipulate the system with paper anymore. And it appears that their are a lot of stress cracks in that system right now. That isn't just coming from the gold/silver mavens but from all over. I do believe as Embry says that when it does turn it's going to go very fast. If I had the money and the smarts like 2x2 and others I would play the paper game and watch the ETF's and make some FRN's. Since I don't I keep stacking what I can and hold onto it and I don't care how low it goes. If silver goes lower thats good news for me because I can buy more ounces. I see the pm's as a preservation of wealth against the fiat currency system. Just the fact that China, India, Russia and others are buying up every ounce they can get their hands on should telegraph something to the naysayers I would think.

 

[2x2]

Almost inhaled my shorts thru my lower sphincter (sp.) muscle. THAT was a perfect example of the classical stop raiders in action.

http://finance.yahoo.com/echarts?s=JNUG+Interactive#symbol=JNUG;range=1d

Don't know if this will post? Nope! Tried to post the "Compare" mode to show the volatility between JNUG and JDST.

 

[fairbanksb]

Almost inhaled my shorts thru my lower sphincter (sp.) muscle. THAT was a perfect example of the classical stop raiders in action.

http://finance.yahoo.com/echarts?s=JNUG+Interactive#symbol=JNUG;range=1d

Don't know if this will post? Nope! Tried to post the "Compare" mode to show the volatility between JNUG and JDST.

Do they have a Rosetta Stone learning program for the language you speak?

 

[China Connection]

They are and will bring in a cashless system.

 

[2x2]

Do they have a Rosetta Stone learning program for the language you speak?

First word, Aww sh!t" comes from the game called "BINGO", that's where a guy calls out numbers and after a while somebody hollers out "BINGO", and everybody else mumbles "Aww sh!t". Ouch!! hurts to post this link.
http://finance.yahoo.com/echarts?s=JNUG+Interactive#symbol=JNUG;range=1d

As called in above post, JDST came in off the bench and prevented carnage to my wallet. But left a WHOLE bunch of money on the table.

http://finance.yahoo.com/echarts?s=JDST+Interactive#symbol=JDST;range=1d

 

[DHR43]

"Investment strategist John Embry says the market manipulation in physical gold and silver is coming to an end. How close? Embry says, “I think we are very close now in the sense that the physical supplies of both gold and silver are being diminished at a fast clip...."

We're very close. Really close. Closer than close. We couldn't get any closer!

Really? Isn't it getting a bit tiring to not understand the market and to continually be wrong?

He is right, I believe, here:

"On the price of gold going down to possibly $600 per ounce, Embry says, “I take exception to people who say gold will go down to $600 an ounce...."

He should take exception. Gold will probably blow right through $600 and re-set itself under where it started. About <$300 or so. Yep - that would look like the end of the world, John, but markets don't care what they look like. They just do their thing and make your predictions look, well, wrong.

 

[Southside]

"Investment strategist John Embry says the market manipulation in physical gold and silver is coming to an end. How close? Embry says, “I think we are very close now in the sense that the physical supplies of both gold and silver are being diminished at a fast clip...."

We're very close. Really close. Closer than close. We couldn't get any closer!

Really? Isn't it getting a bit tiring to not understand the market and to continually be wrong?

He is right, I believe, here:

"On the price of gold going down to possibly $600 per ounce, Embry says, “I take exception to people who say gold will go down to $600 an ounce...."

He should take exception. Gold will probably blow right through $600 and re-set itself under where it started. About <$300 or so. Yep - that would look like the end of the world, John, but markets don't care what they look like. They just do their thing and make your predictions look, well, wrong.

You really don't see what is going on, do you? It doesn't matter what John Embry says. What matters is what is happening all over the world. It is the fiat currency race to the bottom. What will be left? Not much. One thing I am sure of, God, Gold, Guns and Grub will be worth a bunch!

Southside

 

[Berean]

I have bought gold at 500 an ounce and I have bought gold at 1500 an ounce. Same with silver, I have bought silver at both high and low prices.
I have never bought PMs with the intention of selling them if the price reaches some magical number.
My PMs will either be used during or after shtf to survive or save my family's lives, or they will go to my children. They are both insurance and a multi-generation investment.
I have bought and sold paper PMs, but I bought those with the intention to buy and sell to make a profit in the same way I have bought stocks or ETFs.

Most people here are buying PMs for the "insurance" and should buy and hold, ideally forever and pay no attention to the weekly and monthly ups and downs of the PM market.
If you want to wheel and deal with the intention of making profits then "paper" PMs are the way to go along with a bottle of antacid to help you with the anxiety of who is manipulating the prices this week or next, otherwise stick with physical PMs and don't get ulcers worrying about price fluctuations.

Same idea here. I'm in for the long haul and then my children. It's for the end.

 

[Dredge]

"Investment strategist John Embry says the market manipulation in physical gold and silver is coming to an end. How close? Embry says, “I think we are very close now in the sense that the physical supplies of both gold and silver are being diminished at a fast clip...."

We're very close. Really close. Closer than close. We couldn't get any closer!

Really? Isn't it getting a bit tiring to not understand the market and to continually be wrong?

He is right, I believe, here:

"On the price of gold going down to possibly $600 per ounce, Embry says, “I take exception to people who say gold will go down to $600 an ounce...."

He should take exception. Gold will probably blow right through $600 and re-set itself under where it started. About <$300 or so. Yep - that would look like the end of the world, John, but markets don't care what they look like. They just do their thing and make your predictions look, well, wrong.

Germany is calling They want their gold back

 

[Doc1]

"Investment strategist John Embry says the market manipulation in physical gold and silver is coming to an end. How close? Embry says, “I think we are very close now in the sense that the physical supplies of both gold and silver are being diminished at a fast clip...."

We're very close. Really close. Closer than close. We couldn't get any closer!

Really? Isn't it getting a bit tiring to not understand the market and to continually be wrong?

He is right, I believe, here:

"On the price of gold going down to possibly $600 per ounce, Embry says, “I take exception to people who say gold will go down to $600 an ounce...."

He should take exception. Gold will probably blow right through $600 and re-set itself under where it started. About <$300 or so. Yep - that would look like the end of the world, John, but markets don't care what they look like. They just do their thing and make your predictions look, well, wrong.

Yes. Of course. Any day now. 500 round bricks of .22 Long Rifle will be back down to $9.95, too and a gallon of gas will be a Quarter! LOL

Best regards
Doc

 

[Hacker]

Germany is calling They want their gold back

For six-thousand years, the world has viewed gold as real money. This is just as true today, although less so in the USA.

All paper currencies die. The reserve currency of the world - the Dollar - will also die. When the dollar dies, the question becomes: In what form of money will the people place their confidence? More paper? Digital currency? Oxen? Sea Shells? Tobacco? . . .

Answer: Gold.

That's my opinion. Let's see how it plays out . . .

 

[Doc1]

Another thing: Ebay, which tends to reflect real world prices, shows Krugerrands actually selling for in the neighborhood of $1325.00. The manipulated paper prices are meaning less and less over time.

Best regards
Doc

 

[Dex]

If you aren't into physical for the long haul, you have no business being in it at all. Speculators should stick to their oh so stable stock markets, they NEVER crash. I mean all those ones and zeros in the international banksters data banks are as safe a babe in it's mothers arms. YACK!!!

Let the doubters wallow, meanwhile the smart ones are buying physical while it's cheap...if they are smart. The only people in the entire world stupid enough to think that gold has no long lasting value are a cross section of Americans who probably also think our government has our best interests in mind and the WTC was taken down by 19 terrorists with box cutters.

 

[2x2]

Too bad it takes disposable FRN's and a willingness to pull the trigger and bid up the price. Tough choice for a lot of people.

 

[2x2]

Krugerrands for $1257.65.

https://comparegoldprices.com/

 

[LightEcho]

Vaults of unknown amounts of gold and silver are publicly audited as much as the Federal Reserve.

They have been able to skate along playing this game while the demands for physical have been met with historical reserves or bought off with profitable FRN counter offers. At some point the game ends. That end will be sudden and total with no partial credit. So, you either trust the liars who do everything in secret or you prepare to take care of yourself.

How long can we go with deliveries exceeding production? I am not sure but I can bet we are near the end.

 

[Steel Chips]

I won't speculate on the price direction of PM's but there is an error in the report from ZeroHedge in Post 5, to wit,

"Recent gold premiums in India have been $4-$5 an ounce but are expected to increase to between $10-$12 an ounce as the festival and wedding seasons peak."

It should have referenced a gram instead of an ounce, at those premiums.

 

[Doc1]

Krugerrands for $1257.65.

https://comparegoldprices.com/

2x2,

I checked your site. VERY misleading. The cheapest price for a Krugerrand at the time I checked was $1258.80 from Kitco. That's not your fault as prices change from minute to minute, but there's more. Kitco - like many of the dealers shown on that site - add various charges and premiums. Kitco charges a 2.83% premium in addition to their stated price. That comes to $35.87. Additionally, they have a minimum $30.00 shipping fee and charge $4.00 per thousand dollars of value for insurance. That would be $8.00 in insurance, since they apparently don't insure in fractions of one thousand dollars.

Add these charges up and your $1258.80 Krug lands at your door for a total cost of $1332.67. Quite a difference, eh? Most of the dealers on that page have similar premiums and extra charges.

Best regards
Doc

 

[Adino]

Really? Isn't it getting a bit tiring to not understand the market and to continually be wrong?

the floor is yours

please...enlighten us as to how the market works

don't duck trying to explain, i will bump the thread until you do

take your time, do as much detail or as high an overview as you please

but i am on the edge of my seat to get an education

so, please, take the soapbox and lay it all out for us

 

[joekan]

This "may" be one of the last times to buy em cheap and stack em deep.

 

[DHR43]

the floor is yours

please...enlighten us as to how the market works

don't duck trying to explain, i will bump the thread until you do

take your time, do as much detail or as high an overview as you please

but i am on the edge of my seat to get an education

so, please, take the soapbox and lay it all out for us

I have, multiple times, here. Do some research.

In case you choose not to work at it, here's a quick summary. Markets are best understood by looking at the structure of the market itself as derived from its price action as well as other internal market data. With a good, proven framework, one can infer with a decent amount of confidence, where the market is and where it's likely to go. This is especially true at large turns.

If none of that makes any sense and you have no interest in this, that's OK with me. You then can follow the experts, like Embry, who do NOT do any of this and keep reminding us that they have no clue.

 

[Adino]

i follow my own advice seeing as though i have an education in the area involved

our discussion of market manipulation has been had many times too

we are not ignoring what you say simply disagreeing

you however, are in fact ignoring us

i do not believe, sir, that despite whatever education you have, or observational powers you have, that you really understand how any market works in 2014

the entirety of your comments are based on the theoretical working of the market. it makes me wonder if you are a professor in an ivory tower. you know how everything SHOULD work, and how it THEORETICALLY works

but you absolutely fail to acknowledge that there are no free markets left, that everything from economic activity to data reflecting it to trading of stocks and commodities is manipulated, that the rule of law is dead and uncle sugar not only turns a blind eye to the massive fraud but profits from it

here's the truth: the market implosion and meltdown in 07/08 should have resulted in the total destruction of the west's financial and economic systems. if contract law, constitutional law, and the common law underpinning for both had been followed the fed and its primary dealers and all financial firms associated on wall st SHOULD HAVE gone belly up and be no more

in 07/08 the choice was maintain the rule of law or maintain the APPEARANCE of solvency for the us and its financial system.

it would have been far better had we kept the rule of law. if we lived in a constitutional republic w/ those in guv being held accountable to the law we would have sacrificed the financial systems

but the whores decided to keep the financial system, keep the illusion of solvency and THROW OUT ALL RULE OF LAW

that means the game is made up as we go along. and the rules are made by the OLIGARCHY. and are subject to change on whim

but in your discussion of all things financial, you carry on as though all that has happened since 07/08 is not true

you operate in your analysis and comments like we have free markets and the rule of law

and attempt to belittle anyone who actually accepts reality

one of us is still living in the matrix

 

[LightEcho]

I have, multiple times, here. Do some research.

In case you choose not to work at it, here's a quick summary. Markets are best understood by looking at the structure of the market itself as derived from its price action as well as other internal market data. With a good, proven framework, one can infer with a decent amount of confidence, where the market is and where it's likely to go. This is especially true at large turns.

If none of that makes any sense and you have no interest in this, that's OK with me. You then can follow the experts, like Embry, who do NOT do any of this and keep reminding us that they have no clue.

I like to watch silver. For me, it is a good cost range for stacking and may have easier trade ability on small scales in the future. The price of PMs is dropping nicely now but it is not a "market" thing. There is no free market to stocks, bonds, gold, silver... most things. For metals, maybe the closest thing to reality will be copper, which has been singing its own tune.

If silver drops below $18.17, the next support will be in the range of $17. I would not mind seeing silver keep dropping. I am holding off on purchases until I get a sense for a bottom, but long term, there is no value in a currency that is over-sold and at risk of government controls.

DHR43- if you have numbers of stored metals and demand history, plus an inside look at how many contracts were bought off rather than delivery demanded, this would be helpful. There is no transparency from our government or the bankster masters they serve.

 

[2x2]

if you have numbers of stored metals and demand history, plus an inside look at how many contracts were bought off rather than delivery demanded, this would be helpful. There is no transparency from our government or the bankster masters they serve.

How much would it cost, you, to demand delivery? ( Of a gold contract)

ANYBODY???? Don't be shy.

 

[von Koehler]

i follow my own advice seeing as though i have an education in the area involved

our discussion of market manipulation has been had many times too

we are not ignoring what you say simply disagreeing

you however, are in fact ignoring us

i do not believe, sir, that despite whatever education you have, or observational powers you have, that you really understand how any market works in 2014

the entirety of your comments are based on the theoretical working of the market. it makes me wonder if you are a professor in an ivory tower. you know how everything SHOULD work, and how it THEORETICALLY works

but you absolutely fail to acknowledge that there are no free markets left, that everything from economic activity to data reflecting it to trading of stocks and commodities is manipulated, that the rule of law is dead and uncle sugar not only turns a blind eye to the massive fraud but profits from it

here's the truth: the market implosion and meltdown in 07/08 should have resulted in the total destruction of the west's financial and economic systems. if contract law, constitutional law, and the common law underpinning for both had been followed the fed and its primary dealers and all financial firms associated on wall st SHOULD HAVE gone belly up and be no more

in 07/08 the choice was maintain the rule of law or maintain the APPEARANCE of solvency for the us and its financial system.

it would have been far better had we kept the rule of law. if we lived in a constitutional republic w/ those in guv being held accountable to the law we would have sacrificed the financial systems

but the whores decided to keep the financial system, keep the illusion of solvency and THROW OUT ALL RULE OF LAW

that means the game is made up as we go along. and the rules are made by the OLIGARCHY. and are subject to change on whim

but in your discussion of all things financial, you carry on as though all that has happened since 07/08 is not true

you operate in your analysis and comments like we have free markets and the rule of law

and attempt to belittle anyone who actually accepts reality

one of us is still living in the matrix

Some points.

Gold [and silver] Bulls make a big fuss over the alleged cost of production being below the current selling price for these two metals.

First of all, the market price has nothing to do with the producer's cost of production. The price is set by the interaction of the marginal buyer and marginal seller. As a potential buyer, I don't give a rat's ass what it cost the seller to make. I am only concerned with its utility to me and where it fits into my hierarchy of wants. You really need to read von Mises to understand the law of marginal utility; it's ECON 101.

Example: I might want a new, shiny silver coin but currently prefer to use that money to go Golden Corral even more. So, a meal has a higher preference in my personal value hierarchy.

True, a producer will eventually cease production if the market price doesn't cover his costs, but then again it's the market price determining the outcome and not the other way around.

Second, much current silver silver production is a byproduct of other metal mining. To a copper producer, any gold and silver present in my copper ores is a contaminant that has to be removed. All the fixed costs of the mining operation, from the initial ore body discovery to the smelting process, would be the same whether or not the copper ore was 100% pure. So, from the perspective of a copper producer, the final step of separating silver from the copper is only a relatively minor cost. To them, silver processing represents a marginal cost of only a few pennies an ounce.

Silver and gold Bulls have confused and substituted what they think SHOULD BE [based on their beliefs] versus what the actual market transactions are. Gold and silver, from good delivery bars to the smallest coins, are bought and sold every day. The price will go up or down based on changes in valuation of the participants.

FA

 

[Adino]

Gold and silver, from good delivery bars to the smallest coins, are bought and sold every day. The price will go up or down based on changes in valuation of the participants.

FA

who are the participants and how do they participate to determine price?

 

[Hacker]

I think that Mr. Armstrong has an interesting perspective . . .

Martin Armstrong-Next Decline Will Be Far Worse Than Last One

http://www.youtube.com/watch?v=wcBBiy3DybI&list=UUG-G8LLr38fQUNZU8K0t-EA

Published on Sep 14, 2014

On the recent strength of the U.S. dollar, financial expert Martin Armstrong says, “The central banks only have the dollar, that’s it. It is the reserve currency. We just had a former Obama economist come out a few days ago and say the risk to the United States is a strong dollar, and we should give up the reserve currency position. Why? Because they realize there is no other choice. What are you going to do, put your retirement money in rubles? How about Yuan? There is no place you can go. It’s only dollars.” So, is the dollar is not going to fall out of bed anytime soon? Armstrong says, “Not yet. You have to take the dollar up, and that will bring gold down short term. Also, as war begins to happen, you have to realize that capital flees from wherever conflict is. The more conflict you have in the Middle East and Europe, the more money is going to come this way (to the U.S.)”

In closing, Armstrong gave an ominous prediction and said, “The next decline we will see is going to be far worse than the last one. Each one is building in intensity.”

Lot's more discussion here:

http://usawatchdog.com/violent-war-cycles-global-economic-decline-martin-armstrong-4/

 

[von Koehler]

who are the participants and how do they participate to determine price?

Are you serious?

FA

 

[Adino]

i am

i'd like for you to tell me how that bid ask price is determined

you see, i am trying really hard to flush out exactly where in yours and others thought process you are going off the rails

i know you and think personally you are nothing but a shit stirrer that likes to drop a huge source of conflict on the table and relish the fighting over it

but, let's say for the sake of argument you do deem yourself some dispenser of real knowledge

tell me how the bid ask price that we all see listed as today's price comes to us

where does it come from, how is it calculated?

 

[LightEcho]

The CON game must continue until enough people get spooked. As Armstrong mentioned, there is a flight of money to safety. When interest rates go up, there is a flight of money from bonds to stocks. We have not yet hit the point where the stock market CON game gets exposed. So the ugly step-child is PMs. They don't produce dividends and the scare-mongering keeps Joe Public away.

But there is enormous demand in China and India. Much of the silver demand is consumption on electronics... like solar panels. It is not all nerds collecting silver coins.

When one of the pundits can tell me exactly how much gold and silver exists in western vaults, I will look at how long the game goes on. For now, I am watching for an opportunity to add a few ounces to my sunken boat adventures.

Many factors will play into this.... war, pestilence, earthquakes/volcanos - wholesale die-offs.

 

[von Koehler]

i am

i'd like for you to tell me how that bid ask price is determined

you see, i am trying really hard to flush out exactly where in yours and others thought process you are going off the rails

i know you and think personally you are nothing but a shit stirrer that likes to drop a huge source of conflict on the table and relish the fighting over it

but, let's say for the sake of argument you do deem yourself some dispenser of real knowledge

tell me how the bid ask price that we all see listed as today's price comes to us

where does it come from, how is it calculated?

Because you have descended to using a crude ad hominem attack I will no longer attempt to illuminate you out of your absurd beliefs. Life is too short to deal with idiots. I am going to put you back on "ignore" status.

FA