Nine hundred and sixteen days

Tue, Nov 5, 2013 - 9:03am

Here are some cheery facts to start your day with: Gold topped out 25 months ago in September of 2011. It has been 30 months since silver briefly bested the magical, mystical 50 dollar mark in April of 2011. To put it another way, Gold has been down for the last 759 days, while the high in silver took place 916 days ago.

Nine hundred and sixteen days. That’s a long frickin’ time, folks. Why are you still here? Don’t you know that the S&P has gone from 1100 to 1750 during that time? Don’t you know that the Wall Street Journal says gold and silver markets are dead? Are you not aware that every single major investment class is positive over that time period while the metals have been smoked? Wouldn’t any rational person have given up long ago on this dead and rotting carcass of a market and moved on to better investments?

Well, many have. Those who cleverly bought silver using the JPM credit card with 0% interest for the first year found themselves down 20-30% with the interest kicking in. Bad move. Many of those who overextended to buy every ounce they could during the dip to the 40’s have been forced to sell at a loss. Those who greedily bought on the way up with the idea that this was going to be a quick and easy score have learned the hard way, and most of them are gone now. So why are you still here? Are you just too stupid to comprehend what a dolt you have been, that you should have just bought Netflix like your brother in law? Too blind to see that you have been taken in by charlatans and hucksters?

My guess is that you are none of these things. The last nine hundred and sixteen days have effectively winnowed all of those upon whom these arguments and personal attacks would have any effect. The people trying to make a quick score are long gone. The people who really didn’t understand what the phrase “The end of the great Keynesian experiment” really means left this market some time ago. Those who simply couldn’t withstand the mental pounding these markets have delivered are certainly long gone. If you are still here it is because you 1. are mentally strong enough to withstand a truly harrowing investing environment, and 2. You have genuinely embraced the long-term approach to wealth preservation and investing.

We have separated the wheat from the chaff in this market. The only people who are left are the ones who truly get it, who understand the macro forces at play and who know what it really means to be a stacker. They are the thick skinned folks who really do not give a rats ass what snarky traders with the shortest of investing horizons (and attention spans) say about them, nor do they care about the shills on CNBC. They know the difference between trying to make a quick score in the bubble-de-jour and building genuine wealth over time. They are people whose vision extends beyond today, who see what is on the horizon, and are well prepared to get themselves and their families through what is coming. They see this nine hundred and sixteen days for what it truly is- an extended grace period in the midst of longer-term financial chaos, a precious gift of time to be used for accumulating real wealth, denominated in ounces, before the chance to do so runs out.

The only people left in this market are stubborn, tough, unshakable veterans of the wars, and are more than just a bit ornery. And they know what to do during times like these.

. . .

About the Author


Nov 5, 2013 - 9:05am


WOW.,.,., number 1

Nov 5, 2013 - 9:06am


I cheated , now I must go back and read

Urban Roman
Nov 5, 2013 - 9:15am

Nobody wants it

.. barbarous relic ..

Hey, and if you have any you want to get rid of, at current prices?

Nov 5, 2013 - 9:16am

916 days

You shouldn't have said that. Now I am depressed...............

It has taken its toll on me. When I first got into silver and gold (2005) I read everything (about 4 hours a day) Now I sit here and usually just read about an hour a day and sit on my stack the rest of the time.

I know we are right, just wondering if I will live to see it?

Nov 5, 2013 - 9:24am

Cal Lawyer

That was the very same word I was going to pick out !! Ornery !! That sums it all up.

Pining, you are a master, Thank you

Nov 5, 2013 - 9:25am

Pining, You Described it Perfectly

Ornery? For sure.

As far as being in it for the long haul, yes, correct again.

But, there is another possibility, too.

Some of us DID want to catch that silver rocket ship up. I know, I did, and have taken a huge fiat hit. The only thing keeping me from catching loads of grief from the wife is my ability to baffle her with jargon like "Fibonacci retracement" and of course the fact that I have managed to earn fiat in my current employment so she can't really complain.

But another compelling reason that I'm still in e game is because I am too damn stubborn. I'm taking this train to the station, and I don't care what happens. Either I am right or I am dead, eventually one of those will happen. The question is when.

So, meanwhile, I hang out here with all my friends, like you and Turd, and DPH and JY and Fix, and Dagney, and Bollocks, and XTY and RaRa, well, you know.

Keep up the great posting as always, and thank you so much for the inspirational and clever rewrite of an absolute classic!

Nov 5, 2013 - 9:25am


but you left out another reason why some of us are still here.


We haven't run out of fiat yet so we have not been forced to deleverage our metals. Someone posted this clip recently, I can't remember which thread it was on. Really great analogy comparing a pawn shop, consumption and banks starting at around the 5:00 mark. The whole 8:00 is worthwhile though.

Mr. Fix
Nov 5, 2013 - 9:26am

Why Obamacare is a Fantastic Success

Why Obamacare is a Fantastic Success

Posted by Wayne Root on October 21, 2013

As published at on 10/21/13

By Wayne Allyn Root

There are 2 major political parties in America. I’m a member of the naïve, stupid, and cowardly one. I’m a Republican. How stupid is the GOP? They still don’t get it. I told them 5 years ago, 2 books ago, a national bestseller ago (“The Ultimate Obama Survival Guide”), and in hundreds of articles and commentaries, that Obamacare was never meant to help America, or heal the sick, or lower healthcare costs, or lower the debt, or expand the economy.

The GOP needs to stop calling Obamacare a “trainwreck.” That means it’s a mistake, or accident. That means it’s a gigantic flop, or failure. It’s NOT. This is a brilliant, cynical, and purposeful attempt to damage the U.S. economy, kill jobs, and bring down capitalism. It’s not a failure, it’s Obama’s grand success. It’s not a “trainwreck,” Obamacare is a suicide attack. He wants to hurt us, to bring us to our knees, to capitulate- so we agree under duress to accept big government.

Obama’s hero and mentor was Saul Alinsky- a radical Marxist intent on destroying capitalism. Alinksky’s stated advice was to call the other guy “a terrorist” to hide your own intensions. To scream that the other guy is “ruining America,” while you are the one actually plotting the destruction of America. To claim again and again…in every sentence of every speech…that you are “saving the middle class,” while you are busy wiping out the middle class.

The GOP is so stupid they can’t see it. There are no mistakes here. This is a planned purposeful attack. The tell-tale sign isn’t the disastrous start to Obamacare. Or the devastating effect the new taxes are having on the economy. Or the death of full-time jobs. Or the overwhelming debt. Or the dramatic increases in health insurance rates. Or the 70% of doctors now thinking of retiring- bringing on a healthcare crisis of unimaginable proportions. Forget all that.

The real sign that this is a purposeful attack upon capitalism is how many Obama administration members and Democratic Congressmen are openly calling Tea Party Republicans and anyone who wants to stop Obamacare “terrorists.” There’s the clue. Even the clueless GOP should be able to see that. They are calling the reasonable people…the patriots…the people who believe in the Constitution…the people who believe exactly what the Founding Fathers believed…the people who want to take power away from corrupt politicians who have put America $17 trillion in debt…terrorists?

That’s because they are Saul Alinsky-ing the GOP. The people trying to purposely hurt America, capitalism and the middle class…are calling the patriots by a terrible name to fool, confuse and distract the public.

Obamacare is a raving, rollicking, fantastic success. Stop calling it a failure. Here is what it was created to do. It is succeeding on all counts.

#1) Obamacare was intended to bring about the Marxist dream- redistribution of wealth. Rich people, small business owners, and the middle class are being robbed, so that the money can be redistributed to poor people (who vote Democrat). Think about it. If you’re rich or middle class, you now have to pay for your own healthcare costs (at much higher rates) AND 40 million other people’s costs too (through massive tax increases). So you’re stuck paying for both bills. You are left broke. Brilliant.

#2) Obamacare was intended to wipe out the middle class and make them dependent on government. Think about it. Even Obama’s IRS predicts that health insurance for a typical American family by 2016 will be $20,000 per year. But how would middle class Americans pay that bill and have anything left for food or housing or living? People that make $40K, or $50K, or $60K can’t possibly hope to spend $20K on health insurance without becoming homeless. Bingo. That’s how you make middle class people dependent on government. That’s how you make everyone addicted to government checks. Brilliant.

#3) As a bonus, Obamacare is intended to kill every decent paying job in the economy, creating only crummy, crappy part-time jobs. Why? Just to make sure the middle class is trapped, with no way out. Just to make sure no one has the $20,000 per year to pay for health insurance, thereby guaranteeing they become wards of the state. Brilliant.

#4) Obamacare is intended to bankrupt small business, and therefore starve donations to the GOP. Think about it. Do you know a small business owner? I know hundreds of them. Their rates are being doubled, tripled and quadrupled by Obamacare. Guess who writes 75% of the checks to Republican candidates and conservative causes? Small business. Even if a small business owner manages to survive, he or she certainly can’t write a big check to the GOP anymore. Money is the “mother’s milk” of politics. Without donations, a political party ceases to exist. Bingo. That’s the point of Obamacare. Obama is bankrupting his political opposition and drying up donations to the GOP. Brilliant.

#5) Obamacare is intended to make the IRS all-powerful. It adds thousands of new IRS agents. It puts the IRS in charge of overseeing 15% of the U.S. economy. The IRS has the right because of Obamacare to snoop into every aspect of your life, to go into your bank accounts, to fine you, to frighten you, to intimidate you. And Obama and his socialist cabal have access to your deepest medical secrets. By law your doctor has to ask your sexual history. That information is now in the hands of Obama and the IRS to blackmail GOP candidates into either not running, or supporting bigger government, or leaking the info and ruining your campaign. Or have you forgotten the IRS harassed, intimidated and persecuted critics of Obama and conservative groups? Now Obama hands the IRS even more power. Big Brother rules our lives. Brilliant.

#6) Obamacare is intended to unionize 15 million healthcare workers. That produces $15 billion in new union dues. That money goes to fund Democratic candidates and socialist causes- thereby guaranteeing Obama’s friends never lose another election, and Obama’s policies keep ruining capitalism and bankrupting business owners long after he’s out of office.

Message to the GOP: This isn’t a game. This isn’t tiddly-winks. This is a serious, purposeful attempt to highjack America and destroy capitalism. This isn’t a trainwreck. It’s purposeful suicide. It’s not failing, it’s working exactly according to plan. Obama knows what he’s doing. Stop apologizing and start fighting.

Oh and one more thing…Conservatives aren’t “terrorists.” We are patriots and saviors. We represent the Constitution and the Founding Fathers. We are the heroes and good guys. Unless you get all this through your thick skulls, America is lost…forever.

- See more at:

Nov 5, 2013 - 9:28am

Simply Wonderful!!!!

Thanks Pining!!!!

Nov 5, 2013 - 9:28am


Pining, this is brilliance. Please sign your name to this prose!

Nov 5, 2013 - 9:29am
Nov 5, 2013 - 9:32am

Poor Wayne Allyn Root

He is still stuck on the Left/Right paradigm. Truth be told Romney would have passed the PPACA. And from a Libertarian's prospective neither party has shone any alliance or adhesion to the Constitution!!

Nov 5, 2013 - 9:32am

@Pining re: your writing skills . . .

With a nod to Dr. Seuss Geisel, I must say your rendition, which you unveiled last winter as I recall, is actually better than the original, and updated perfectly for the times.

You are as good a writer on PMs and the state of affairs today as there is.

Nov 5, 2013 - 9:38am


Indian Gold Demand Fell by Half Ahead of Diwali / By truthing / November 5, 2013 at 10:48 Indians bought around half the gold they usually buy in the run-up to Diwali this year, according to sellers of the precious metal, citing reduced availability as a result of measures aimed at curbing imports and higher prices in India compared with gold on the international market. The festival of lights, as Diwali is known, is the biggest gold-buying occasion in India, the world’s largest gold consumer. Government efforts to reduce imports by substantially increasing the import tax—to 10% now from 2% in January last year—and introducing a rule that requires importers to re-export 20% of all gold that they bring into the country seem to have been successful. But that isn’t the way retailers see it. “This Diwali was a disaster. I have never seen such bad festival sales in 20 years,” said Rajiv Popley, director at Popley & Sons, which operates a jewelry chain. “Even those customers who wanted to buy gold coins couldn’t find any stocks due to supply restrictions.” Finance Minister Palaniappan Chidambaram on Friday justified the gold import restrictions, saying they would help contain the country’s current-account deficit to around $60 billion compared with an earlier estimate of $70 billion. The government took aim at gold because most of the metal the country consumes—around 1,000 tons a year, equivalent to more than $40 billion at prevailing international prices—is imported. READ MORE Gold Retailers in Dubai Record Strong Sales This Diwali / By Ed Steer / November 5, 2013 ¤ YESTERDAY IN GOLD & SILVER It was a very quiet trading day in gold, and not much happened until shortly after 11 a.m. in London. The smallish rally that developed at that point ended at exactly 1 p.m. GMT, which was 20 minutes before the 8:20 a.m. EST Comex open. From there, gold got sold down a bit going into the 1:30 p.m. Comex close, and then traded sideways from there. The low and high, such as they were, were recorded by the CME as $1,310.80 and $1,322.40 in the December contract. Gold closed the Monday session at $1,314.60 spot, down $1.20 from Friday. Net volume was fumes and vapours at only 71,000 contracts. Silver got sold down about 20 cents during Morning trading in the Far East, recovered a bit, and then got sold down to its low of the day about 15 minutes before the London open. Silver also had a bit of a rally between 11 a.m. and 1 p.m in London, making it back to just above the unchanged mark, and just under the $22 spot price mark. READ MORE

Nov 5, 2013 - 9:49am

Excuse me if this is to

Excuse me if this is to obvious wanted to clarify for myself, may be its interesting':

Its rather simple:

The only case I can imagine that gold is not needed if it is not available AT ALL, like in those Islands where big stones were used to store wealth, and it did not matter whether that stone was in owners house or lie in the bottom of the sea ( because it drowned during transportation from mines) - everyone knew who has how much of this money . But gold is available and has been, so.

So , by analogy there are 3 ways to eliminate gold in this world finances:

1) Evaporate all worlds gold, close all mines, forbid to mine it, etc.
2) Find a better store of value than gold - with better characteristics, and most importantly, safer long term ( as e.g bitcoins are gone if there is no electricity for some time- e.g 100 years. ) . Gold is so far the best- does not disappear, is scarce and can be divided quite well.
3) Find way to create gold out of other atoms so that gold is available as a byproduct of some process that creates something else ( like plutonium from Nuclear plants). That is what alchemists tried to do. I am not sure if they recognized that finding a process to create gold cheaply as much as anyone wants means destruction of gold as money and store of wealth. Probably they did and that was the idea. They were not stupid, medieval people, in finances, not at all.

Any ideas which of these 3 is more easily to attain. Temporary solutions ( like paper money for 40 years) does not fit the longevity issue either. Given the time people do commerce on earth , the product should be such that its change over 10000 years is unnoticeable. But....How to prove it will have these properties without trying? So gold is always some 10000 years ahead of other stuff. This is a positive feedback thing- the longer one choice exists, the more superiority over others it obtains, like QUERTY keyboard.

Houses do not last and land can not be moved.

Nov 5, 2013 - 9:49am

As far as  I have figured

As far as I have figured out, CDS are promises to pay. The cost of rolling over these promises is about 1% as long as no one defaults, nothing gets repaid, but trading in CDS market goes on, and amount of promises to pay expands ( after contraction in 2009).

In this sense, its similar exactly to credit itself. The total debt outstanding is never repaid, in general, though there can be repayments but they are more than netted by issuance of new credit, while to roll it over yield or interest rates are paid, with average perhaps 3% -5% a year now. ( 0,6% for Japanese , 2,6% for US, 1,7 % for German etc)

So, it is the notational value of CDS outstanding is the number one must take into account when adding to debt as promises to pay are debts even if no cash has been advanced. Similarly the amount of trade in notational amounts is leveraged over the trade in debt which in turn is leveraged over gold futures trade which in turn are leveraged over trade in physical gold.

Ain't CDS vs. credit like gold futures vs. physical gold? But actually it is one chain on top of gold, from physical gold to CDS.

Nov 5, 2013 - 9:57am

"We have separated the wheat

"We have separated the wheat from the chaff in this market. The only people who are left are the ones who truly get it, who understand the macro forces at play and who know what it really means to be a stacker. They are the thick skinned folks who really do not give a rats ass what snarky traders with the shortest of investing horizons (and attention spans) say about them, nor do they care about the shills on CNBC. They know the difference between trying to make a quick score in the bubble-de-jour and building genuine wealth over time. They are people whose vision extends beyond today, who see what is on the horizon, and are well prepared to get themselves and their families through what is coming. They see this nine hundred and sixteen days for what it truly is- an extended grace period in the midst of longer-term financial chaos, a precious gift of time to be used for accumulating real wealth, denominated in ounces, before the chance to do so runs out. "

LOL! We have plenty of people who "don't get it" left. Let's see, we have gold futures traders. We have gold Forex traders. We have mining share stackers and traders. We have GLD and PHYS share stackers and traders. We have SLV and PSLV share stackers and traders. We have physical silver stackers. All are going to be shaken from the tree before this ends.

Jesse hits this one out of the park:

"As you may recall, both silver and gold have seen price declines since the beginning of the year. As a reminder, silver is down 28.7% and gold is down 21.5%. I show this in the last chart. So they have both seen comparably stiff price declines this year.

Since the beginning of the year, the major exchanges and ETFs for silver have added about 1,494 tonnes of bullion.

But what is absolutely remarkable is that since the beginning of the year the Comex and some of the major ETFs have LOST about 856 tonnes of gold bullion. And I suspect much of that bullion has gone to the non-reporting vaults in Asia and the Mideast. And there is import/export data that corroborates that hypothesis.

Now, some might say that they don't see what this means, that they don't see the significance. Or that the significance is that people like silver but don't like gold, even though both have seen price declines, and even though demand for physical gold in Asia and the Mideast has been explosive this year according to trade records.

I will tell you what the significance is. The significance is that you are, figuratively speaking, watching water running uphill and out of sight. And some look at this and say, nothing to see here."
[emphasis mine]

There are lot of people who read this blog who don't get it.

Better dump the paper. Better dump the silver. Better cease the silly trading of dollars. Better get you some stackable gold.

Nov 5, 2013 - 10:08am

"Better dump the silver"


Top 10 Reasons To Buy Silver

1 Email

1. Moving into True Money

Would you convert your labor into depreciating fiat paper or into an appreciating tangible asset with intrinsic value?

Silver offers the opportunity to move into true money, an actual store of value, with the potential for substantial gains in future years as its current cycle continues. Protect yourself and your family by acquiring silver with intrinsic value and insulate yourself from the wealth destructive policies of central bankers.

In Mike's words: “Gold and silver have revalued themselves throughout the centuries and called on fiat paper to account for itself.” (Page 202 of Guide to Investing in Gold and Silver


If history serves as any reference, we are poised to repeat the accounting of the Depression Era and the 70's which put precious metal holder's on top.

2. The Common Man's Gold

The acquisition of silver is much more attainable for global populations compared to gold. As silver prices continue to rise, investor’s will further shift away from real estate, stocks, and bonds.

The affordability of silver is poised to make it "common man's gold" as it begins to make news and involvement becomes widespread.

3. The Ultimate Insurance Policy

Throughout the last thousand years of history, most episodes of printing have been followed by pronounced periods of inflation or even extreme cases of hyper-inflation, either severely destabilizing the nation’s political stability or culminating in warfare, dictatorships, or a political collapse.

A simple glance will quickly reveal that those who capitalized off these unique periods were holders of monetary metals such as silver. Even if you believe these possible outcomes are improbable, ownership of physical silver in the event will provide you the opportunity to not only protect your wealth but appreciate it significantly. Like an insurance policy, while the event probability is low, when fire strikes the benefits largely outweigh the cost.

At the current silver price level, the cost of insurance is tremendously cheap in relation to the wealth it would conserve if history does in fact repeat itself.

4. Silver: Much more than a Monetary Metal - Industrial & Medical Applications

Unlike gold, silver has hundreds of industrial and medical applications and its usage is on the rise. Silver’s molecular arrangement and chemical properties make distinctly unique among earth's elements. In Mike’s words:

“Of all the elements, silver is the indispensable metal. It is the most electronically conducive, thermally conductive, and reflective. Modern life, as we know it, would not exist without silver.“ (Page 128 of Guide to Investing in Gold and Silver)

In the last two decades alone, usage has increased substantially to include an array of electronic and digital products, medical appliances due to its anti-microbial properties, and even clothing. Product such as cellphones, cameras, laptops, mirrors, monitors, etc. all contain trace amounts of silver which is never replenished or returned to stockpiles. As our information age progresses and silver’s chemical uniqueness is more fully understood, demand for this irreplaceable metal will only continue to rise.

5. A Dwarfed Physical Market & Vanishing Inventories

While accessibility to silver may seem abundant in the flood of paper markets around today, physical markets are actually quite constrained and limited. Physical silver's dollar value is 30 / 1600 or 1.5 - 2.0 % that of gold’s, while over 70% of this metal is consumed in practical applications.

The steady reduction in above ground inventories had been unique to silver amongst virtually all industrial and precious metals. Above ground supply is merely a fraction of what it was when silver hit its all-time high in 1980. Supply continues to be limited as applications in a broad range of fields continue to grow.

6. Uncertainties in Future Supply

The majority of the world’s silver comes from nations marked with political turmoil, labor unrest, and undeveloped economies. Mexico and Peru account for the largest share of production, both of which have fragile political systems and primitive infrastructures to accommodate significant improvements in production.

Several Southeast Asian nations are also included in this list, and present similar issues with regard to the consistency of supply. Geopolitical instability can quickly induce nationalizations (most recently in Bolivia), labor strikes , or poor infrastructures (accounts for high rates of flooding, fires, engineering mishaps, etc.) which can be have significant strains on supply.

7. Emerging World Demand

China and India represent two behemoth markets where populations have shown a tremendous appetite for gold and silver. An awakening of emerging market investment demand will contribute to a new demand dynamic for physical silver bullion.

Supportive of the monetary aspects are some of the largest untapped markets for consumer electronic and industrial usages. Within the next decades, demand for appliances and technologies which require silver from developing nations is set to rise.

8. End of Manipulation

The most evident form of pricing manipulation on the silver front occurs through the derivative futures contracts traded at the COMEX. The amount of ounces traded on an average day typically exceeds the ounces of investment grade silver available by several factors. In the interview below, Mike provides us with some insight on the nature of manipulation:

9. The Paper Funds Exposed

While futures pricing manipulation gives institutional banks a means for price suppression, the ETFs and other paper derivatives have now involved the public in these mechanisms. These instruments funnel demand away from what would be geared as deliverable silver and into non-redeemable paper in the form of a prospectus or stock certificate.

Click here to learn more about ETFs and why Mike only invests in physical gold and silver.

It is not coincidental that over the last decade, dozens of ETFs, pools, certificates, etc. which have emerged are now being marketed for their accessibility and convenience to the retail investor. Make no mistake, these funds are merely paper and the ETF campaign has been largely successful in placing millions of novice investors in funds they truly do not understand. Therefore, acquiring tangible metals and truly protecting yourself is never more than a few clicks away (See How to Buy Silver Online)

10. Gold to Silver Ratio

Finally, the most enduring and lasting indicator of suppression has been the gold to silver ratio. While this ratio has historically oscillated throughout the last 2000 years, it has always revert back to its historical average of 12 to 1. Consider the tremendous upside potential for a silver investor purchasing silver with the ratio at these levels. The current affordability of silver makes it one of the most undervalued assets in recent history.

Nov 5, 2013 - 10:17am

3 Ways to Play

3 Ways to Play Silver / By truthing / November 5, 2013 at 10:59 The precious metals mining sector in general is down in the dumps right now. Rising costs and falling commodity prices are the two main factors that are pressuring margins and reducing profitability. However, there are still some gems out there, and although it may take some searching, there are companies that are better positioned than the rest of the group to ride out the storm and reward investors when the prices of precious metals finally return to a level that allows abnormal levels of profit generation. So, where can these deals be found? Well, I recently put together an article attempting to undercover the all-in sustaining cash cost per ounce of silver produced by each silver miner. Silver Wheaton Corp came out on top with an AISC of $9.57. However, Silver Wheaton is not strictly a silver miner; the company is the largest precious metal streaming company in the world. What this means is that Silver Wheaton has a number of agreements where, in exchange for an upfront payment, it has the right to purchase all or a portion of the silver and/or gold production, at a low fixed cost, from high-quality mines located in politically stable regions around the globe. READ MORE

Nov 5, 2013 - 10:18am

The Coup D'etat Of A Once Free Nation

All one can do is prepare at this point.

I used to think the country could still be saved, I used to dream we could really make a difference, but no more do I even dare to dream. Our country is finished, America has hit the tipping point of complaincy by those who demand they be taken care of and every need be provided by the government.

TPTB are in full control and the minions are loving it, filling their pockets full of fiat while doing the bidding of their masters. The minions believe they are really someone. However that will soon change when they too are thrown under the bus by their masters when they are done with them.

One has to be blind to not see what has transpired over the past few decades. Americas industrial base has been purposely off-shored at the direction of TPTB, officiated by the criminals in DC who made it happen. Families have been undermined time and again by TPTB as children are reeducated in the public school prisons turning out dumbed down Americans who have been trained to lay down and roll over by TPTB. The fabric of our very society has not only been ripped apart, it has been methodically shredded.

We now have a society who doesn't know what real money is, doesn't know what real freedom is, doesn't know what real food is, doesn't know what a real family is and frankly doesn't care.......because it's all about them, their wants, their desires. As long as they have their latest gadgets, fast food, TV programming (and they don't call it programming for nothing). To them, it's eat, drink and be what you are told......sound familiar?

A once free nation has had a coup d'etat and most don't even know or realized it happened.

Nov 5, 2013 - 10:31am

916 days

How many days are left before this secular bull markets is no longer in correction mode, but a full fledged bear market? Every bull market has corrections, but the bull does come back to make new highs, time is running low for this silver bull is my guess.

Howard Roark
Nov 5, 2013 - 10:42am

To add

To the hole in the PoG, do you see the rates on the T-bills?

US - up 2,43%

Germany - up 4,14%

UK - up 4,42%


Keep strong,


Nov 5, 2013 - 10:51am

@ MatrixSentry

You, Jim Sinclair, FOFOA, and all the others who look down their condescending prick'ish noses on silver, can all take a long walk off a short pier.

Silver is money. Money isn't money because some damn central banks say it is, it's money because of its innate properties.

The GLD and Comex are being drained, because the elite want a new digital, FAUX gold-standard...The big inside $ is all betting the farm on gold, I'm not disputing this. It's obvious: they don't want silver to compete with gold, because they own the gold. They've never wanted the little guy to have his competitive currency.

I like Chris Duane, but he's wrong about one thing: the war on silver by the Rothschild bankers and the rest of the banking cartel didn't start in 1873. It started much earlier than this. The Bank of England "demonetized" silver(just dishoarded it to smash price) in 1816, a full 57 years earlier. This war is pushing a full two centuries now.

Silver is the real hated metal by the elites. Jim Sinclair admits it. FOFOA community members have admitted it.

Now you must admit it to yourself.

The question you must never cease in asking either yourself, or these folks is: why?

Silver is money. Silver is wealth. Silver is the key to giving planet earth a fresh start.

FOFOA has a fetish for one metal only, while calling everyone else who loves both monetary metals a bunch of clueless morons, and that gets old. Instantly.

Kindly refrain from 'jacking off' on one metal, while crapping on another. I love both metals. I'll hold both metals.

Silver players aren't doing what we do to make alot of $. That's what you don't get: we now know that silver has always been the weak link to the bankers' chains around humanity's neck. Duane said it best: the silver market is the ultimate, winner-take-all war, where the winner gets to decide what money is. We're not doing this silver stacking merely to profit(although we've profited handsomely in this community since 2003), we're doing it to fundamentally reset the entire structures of global finance and trade.

We want "the Giants" in our world removed from the top of the pyramid, and then we want the f***ing pyramid crushed forever.

FOFOA says silver can't break out because the central banks aren't buying it. Those who use this line don't get it: the silver in the world is "worth" 150 times less than the gold of the world. 150 times less! Do you honestly think it would take central banking volume to "corner" and remove such a paltry sum of wealth from circulation?

Not hardly. All it will take is an awakened, tireless, passionate % of humanity to understand they're awake and to resolve, come hell or highwater, that they will never sell their silver and will never cease in buying it.....

That's all it will take to end the bankers' game forever.

Nov 5, 2013 - 10:54am


That a boy!!!

Nov 5, 2013 - 10:59am

Physical demand

From a Stewart Thomson, "Chinese imports will drop back to what they call "normal" levels, of less than 1000 tons for 2014."

"The decline in Indian imports has been gigantic."

Nov 5, 2013 - 11:01am
Nov 5, 2013 - 11:03am

Follow the Money

Follow the Money, Follow the Money, Follow the Money, Follow the Money,

Mr Wane Allyn Root obviously has an agenda. Yes, he is firmly in the Republocrat camp. What is very very purposefully left out of his essay is the simple gross fact that the 'AHCA Bill' funnels $100 BILLION a year - just for starters(~!) - into the Medical Insurance/Pharmaceutical Cartel coffers, straight from the middle class and poor working stiffs. And, that amount is scheduled to ramp up every year. Yes folks, the Democruds (friends of the little man) voted en-mass to Bail-Out the Pharmaceutical companies through the guise of giving Health Care to the poor minions. Wait a minute.....isn't Bailing-Out the TBTF supposed to be the task of the Republocrats??? You know...trickle-down Theory and all that?? And don't think for one second that anyone of those con-gressmen was deceived when they voted. The Pharmaceutical lobbyists spent over 500 MILLION 'convincing' them to vote for it. Nice return on that investment, huh?

Are you a little confused? Don't be. It's all just smoke and mirrors here in Wonderland, Alice.

Absolutely no apologies. I look for the agenda behind every piece of propaganda I see.

Galearis Mr. Fix
Nov 5, 2013 - 11:06am

Nice little pick-me-up essay!

Nice little pick-me-up essay! by pining.

But that one by Mr. Fix is a real hoot! I was wondering when someone would pick up the problems with ObamaCare and declare it a Marxist plot! What fun: it seems that whenever the machinations (aka corruption and looting) are discussed by the far right, it is no longer a shadow government/bankster plot, but a Marxist one.

Let's see if I can get my head around this one more time.....

OUCH! And I might add that I do not find drooling much fun....

Best regards at least.


Nov 5, 2013 - 11:16am

@Cleburne61 Go get 'em! LOL!


Go get 'em! LOL!

Nov 5, 2013 - 11:20am

Silver Debit Cards

Silver Debit Cards I speak with Gus Demos, Managing Partner and Co-Founder of Perpetual Assets about the new silver debit cards, Silver Bullet Silver Shield, midnight gardening, and gold and silver at a 1 to 1 ratio. Part 2 of the interview is here . Thanks for watching!


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Key Economic Events Week of 5/20

5/20 7:00 pm ET CGP speech
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Key Economic Events Week of 5/13

TWELVE Goon speeches through the week
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5/15 9:15 ET Cap. Ute. and Ind. Prod.
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Key Economic Events Week of 5/6

5/9 8:30 ET US Trade Deficit
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5/9 10:00 ET Wholesale Inventories
5/10 8:30 ET Consumer Price Index (CPI)

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