MINING STOCKS Extremely undervalued by James Turk

Ok, guys. I am just a "physical" man. But James Turk is presenting his "most important chart for 2012" read this part of the article:

I want KWN readers to take a look at the following 30 year chart, which I believe is the most important and extraordinary chart for 2012. It presents the XAU Gold Mining Index measured in terms of gold, not dollars:

We’re making history here. Gold stocks have never been this undervalued before. We’ve had a 12 year bull market in gold, but we’ve also had a 15 year bear market in the mining shares that began with the Bre-X collapse.

It’s very rare in market history to see an outlier like this. This is an extraordinary event. Years from now we are going to look back and shake our heads in disbelief at how undervalued gold stocks were in 2012.

looks cheap right?

full interview here

637.5 MILION OUNCES OF PAPER SILVER DUMPED IN 1 HOUR AFTER FED MINUTES RELEASED

I recomend this article and this blog:

637.5 MILION OUNCES OF PAPER SILVER DUMPED IN 1 HOUR AFTER FED MINUTES RELEASED

*UPDATE: This morning we advised that the CME is estimating total volume in silver yesterday of 53,978. Marshall Swing has contacted the CME for clarification, and volume estimates ONLY include the pit session which closes between 1:29 and 1:30pm EST, and DOES NOT include access market electronic trading in the afternoon.
Apparently any cartel shenanigans conducted during electronic trading is free game and goes unreported by the regulating agencies.

On the now infamous Ron Paul/ Bernanke silver raid of February 29th, we documented how 225 million ounces of silver were dumped on the market over a span of only 30 minutes, smashing silver $4 from $37.62 to $33.68.

In a sign of the diminishing returns of paper market manipulation, on the heels of today's Fed minutes disappointment, beginning at 2pm EST, over 127,000 contracts, or 637.535 MILLION OUNCES OF PAPER SILVER were dumped on the market in only 1 hour, resulting in a massive silver decline of.... $0.65.

You read that correctly.

Nearly 80% of ENTIRE ANNUAL WORLD MINING SUPPLY was dumped on the market (during the thinly traded Globex session), over a single hour, and all the cartel could muster was a lousy .65 decline in the paper price of silver!

Coincidentally, NetDania's volume function was disabled as we attempted to post a screen shot of the action. A price chart of the epic fail will have to do for now:




We will have confirmation from the CME's globex numbers tomorrow. Contrast today's 127,000 contract dumping with yesterday's Globex action, which saw a total of 43,708 silver futures contracts trade hands on the Globex throughout the entire session.


Volume from the 24 hour chart indicates that ~45,000 contracts traded in the hour between 2p and 3p yesterday, or roughly only 225 million ounces. We also saw massive volume throughout this afternoon's sell-off:



Source:

http://silverdoctors.blogspot.de/2012/04/6375-milion-ounces-of-paper-silver.html