COT Silver Report - February 27, 2015
The US dollar eased this week when Janet Yellen of the Fed gave her semi-annual report on monetary policy to Congress.
Recently, I walked by our local Radio Shack. Strangely, my heart skipped a beat when I saw the generic clearance signs and the emptiness just beyond the glare and my reflection in the storefront glass.
It’s Wednesday evening, and I can’t help pondering what the world will like when TPTB lose control of “last to go” markets like the “Dow Jones Propaganda Average” and paper gold and silver. Care of the “weapons of mass financial destruction” unleashed by Wall Street and London’s “City,” never before has “Economic Mother Nature” been pushed this far. Consequently, when the final “detonation” occurs, her wrath will be historic. Aside from the Cartel’s suppression of Precious Metal prices amidst record global demand, there’s no better way of depicting the madness of money printing and market manipulation than the below charts – of earnings and cash flow multiples at all-time highs, amidst the worst economic environment, and outlook, of our lifetimes. Not to mention, the highest levels of subprime lending since the 2008 peak; and accounting rules enabling banks to further obfuscate their insolvency.
Within the Earth’s crust, there is 1 gram of silver for every 12.5 tonnes of earth (27,600 lbs). This makes silver very difficult to find. To understand silver supply, we must first discover how economic silver deposits form. Silver is typically mined as a byproduct in polymetallic deposits with a variety of metals. Other key metals found in these ores include lead, zinc, gold, and copper.
In this exclusive interview, Hugo Salinas Price share his views on precious metals, provides some historical background on gold and silver money, the manipulation of the precious metals markets, the inevitable collapse of the fiat money, and more…
It’s Monday evening, following yet another day of across-the-board “horrible headlines”; no matter what nation, continent, or hemisphere one considers. That said, today’s “top story” is that Greece – what a shock – didn’t complete its “reforms list” today as planned; putting it off until tomorrow – and thus, leaving the world a measly four days from “Grexit,” without even a firm proposal on the table. Heck, early this morning, well before this ominous news emerged, the Euro was already tanking – per what I stated in yesterday’s Audioblog; i.e, “even if a ‘deal’ is agreed upon, I’d bet the Euro continues to weaken irrespective; as clearly, the end game is upon Greece – whether PPT-supported markets give it four more months, or otherwise.”
It seems to me as long as the blatant fraud of naked short selling is allowed by the “regulators” in U.S. markets, then markets will continue to be manipulated to protect the unstable, unbacked fiat Ponzi monetary system, the short term trading goals of the government and the collusive big banks. Sadly, it seems that simple.
Following the recent explosion in Commercial short and Large Spec long positions in silver, followed by a breakdown below the neckline of a potential Head-and-Shoulders bottom, the outlook for silver is bearish, with the metal stuck in a stubborn downtrend.
Precious metals investors know a good deal when they see it. Even as the price of silver declined over the past several years, investors overwhelming preferred physical silver over paper by a huge margin. How much? A great deal more than I realized until I looked at the data.