The SilverTard Army Advances -TF Metal Report

The Army Advances

Saturday, June 30, 2012 at 11:19 am

Turd's Army, led by Brigadier General Andrew Maguire, made significant advances against enemy positions in June.
Keep in mind how this works. As a member of Andy's service, "DayTrades", you get to follow along to see where and when Andy puts on positions throughout the trading day. Two important items:

1. The bulk of this trading takes place during London market hours.
2. The service has just recently made a significant upgrade to their server speeds. This will allow members to see Andy's moves almost instantaneously.

For example, here's a snippet of yesterday's feed:
08:53:14 andy: stops seen on the last test of the high, I am buying one lot of Gold here
08:53:28 andy: 1593.60
08:53:46 andy: target 1598
08:55:28 andy: taking profit here at market
08:55:33 andy: 1597
08:55:40 andy: closing stop
08:56:39 andy: may see some fix painting shortly so a pull back to 1589 would be a likely entry
09:02:47 andy: 1602 saw strong defence/ resistance but the stops above would expose stops to 1618/20,possibly see a pull back first , in the next hour..
10:11:58 andy: I am selling one lot of Gold here 1598.90 stop 1599.30
10:12:37 andy: target 1595.20
10:13:31 andy: this is a speculative A/R pivot so tight stop
10:20:02 andy: stopped
Below is a chart of the cumulative performance of "The Army" since inception back in April.
Month      Perf        Cum. Perf.
Apr 12     $2,810     $2,810
May 12     $5,590     $8,400
Jun 12     $7,570     $16,070
And here is the day-to-day breakdown for June:
Cumulative Performance for June 2012: $7,570
* P/L based upon each lot consisting of a ONE contract of each vehicle.
Date              Gold    Silver    P/L *
June 1st     $2,830     -     $2,830
June 2nd     -               -           -
June 3rd     -               -           -
June 4th     -               -           -
June 5th     -               -            -
June 6th     $170        -        $170
June 7th     $200       -        $200
June 8th     $280       -        $280
June 9th     -               -            -
June 10th     -            -             -
June 11th     $420     -        $420
June 12th     $380     -       $380
June 13th     $190     -        $190
June 14th     $490     -        $490
June 15th     $200     -        $200
June 16th     -             -            -
June 17th     -             -            -
June 18th     -$10     -         -$10
June 19th     $320     -        $320
June 20th     $490     -       $490
June 21st     $630     -        $630
June 22nd     -$10     -     -$10
June 23rd     -            -          -
June 24th     -           -           -
June 25th     -$20     -     -$20
June 26th     $250     -     $250
June 27th     $200     -     $200
June 28th         -         -        -
June 29th     $360     -       -
June 30th     -           -          -
TOTAL     $7,570
What this shows is that a trader who followed Andy's trades exactly (Which, admittedly, can be a little challenging sometimes. You have to be committed and paying attention.) is up $16,070 over the past 2.5 months. And this is only trading one contract, every single time. And this is also in an extremely challenging market environment. After fees and less whatever commission you pay your broker, the member is probably up at least 13Gs. Not too shabby. That's eight, shiny and sparkly gold eagles in your safe to help you survive the coming onslaught.
If you're an experienced trader and you'd like to learn more about this program, I'd refer you back to the original podcast announcing the service. It can be found here: http://www.tfmetalsreport.com/podcast/3621/tfmr-podcast-16-special-announcement-andrew-maguire. If you'd like to register for the service, simply click this link and complete the form: http://www.coghlancapital.com/daytrades-application?ak=turd_army. Again, the first calendar month is just $100. After that, the fee is $500 per calendar month but, as you can see, the performance can quite easily pay for itself.
One other thing that members receive is Andy's weekly commentary. There are a lot of big-dollar individuals worldwide who subscribe to Andy's services simply to receive these updates. As a Turd Army regular, you get to see them, too. There is no one on the face of the planet more qualified to charge for precious metal commentary than Andy. As a 30-year veteran of London gold and silver trading, he has an extensive list of contacts and clients as well as a depth of knowledge and experience that is unmatched. If you want to know what is really going on, Andy will tell you every weekend when he posts his commentary.
Andy has granted me permission to copy-and-paste an excerpt from last weekend's commentary. Here he addresses the hubbub surrounding the "London Trader" story of June 8. ( http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/6/8_London_Trader_-_Staggering_515_Tons_of_Gold_Sold_in_4_Hours.html) This is the type of valuable information that members receive every weekend.
MetalsTrades Commentary - June 24th 2012
I will start by answering some excellent, member questions….
…“I came across this article yesterday, claiming the 515 metric tons dumped in the market place per "The London Trader", did not happen as they were unable to see it on the open interest. Would appreciate Andrew’s input and rebuttal.”
Regards…
This is a good question and considering COT inspired waterfall selloff events usually follow a similar pattern, it is worth taking the time to follow the footprints through this specific event. This dissection will be helpful for a lot of members as this is a common and very profitable ongoing COT, (Bullion Bank), MO and should help clear up a lot of confusion amongst market participants regarding the relationship between the Comex vs. the OTC spot and physical markets.
This blogger expresses a healthy skepticism, is well measured and rational but makes a few commonly held false assumptions that I will seek to address. I will start by pasting the relevant sections directly from the blog…
………”He does not define the term “paper gold” but we can assume he means either London gold Forwards or COMEX gold Futures. This seems to be confirmed by his remark that the anonymous “Eastern buyers” will “patiently convert” their “paper gold” to “physical in the coming weeks.” I assume this means that they will stand for delivery of their contracts”…..
My response to this is No. Sovereign, CB and physical buyers in size do not buy paper gold contracts on the Comex; this refers to spot indexing in the OTC spot market in London. This is a classic case of the Comex tail wagging the much larger spot dog. Due to both leverage and the timed deployment of established and verifiable concentrated short Bullion bank COT positioning in the Comex paper market, the price of bullion is concurrently set in the spot market. This by default enables those seeking allocation of physical in size to take advantage of the resulting discounted spot prices and lock in spot purchases on intraday/month dips in the size they wish to take delivery of at an upcoming fix. This spot indexing transaction is simply an FX currency trade where the purchaser of physical is going long gold and short USD/ EUR etc., locking in the price of gold vs. that currency. Once spot XAU/ USD, XAU/EUR etc. has been purchased, the currency price for the size of allocation sought is locked in no matter how high the price of gold may rise to on the date the spot currency purchase is cashed in for physical at a bullion bank, producer or refiner etc. at that chosen days gold fix price.
Then…...” I also assume that he is not referring to naked, leveraged longs that are forced to liquidate as the price falls, due to margin calls. He explicitly said it was “the bullion banks” doing the selling of these 515 metric tons.
Let’s look at the numbers. 515 metric tons equals 16,557,634.5 troy ounces. Rounding to the nearest 100-ounce COMEX contract, this adds up to 165,576 contracts. 165,576 new contracts were dumped onto the market on June 7, according to the London Gold Trader…...”
In response, here is where a walkthrough of the event would be helpful….1st to the bones of the discussion.
There were indeed 165,555 GCQ contracts sold during the 4 hours in question, as described in the MT post in real time on the day it occurred. The selling emanated from a bullion bank and was initially instigated in the pit about 1 hour ahead of Bernanke’s speech. Although one might expect some last minute squaring/positioning ahead of pivotal news it in not normal to see short selling/new supply commence in size so far ahead of such a price moving event. With initial selling stemming out of the pit in noticeably large tranches, and as reported to me by my contacts from a name associated with a large bullion bank, this also had the intended effect of telegraphing sell intent to the locals.
Even with that information set aside, what the blogger is missing here is that almost all these contracts were subsequently covered by the bullion bank into the days pit close thereby not showing up in the closing OI #.This is a standard MO. Through concentration, creating sufficient new supply at commonly watched pivots in a very short period of time to swamp any bids distorting true supply demand fundamentals, then once the momentum is turned down, to buy back all originating short positions into freshly pitched longs and a whole array of freshly invited new shorts.
Obviously, there is always a long for every short etc. but nevertheless the equivalent of 515 tons of paper gold was sold that would not have been sold had the bullion banks not used the power of their concentration to create sufficient supply to instigate and then game carefully orchestrated air pockets for the market to do the rest of the heavy lifting. This resulted in a stair step transference of COT shorts and was conducted at the expense of, (MM, spec’s and techs), initially by tripping longs stops, then drawing in fresh short supply on the breach of very obvious technical supports. (In this case with volume through the well watched 50 & 10 DMA’s).
These progressive breaches activated stair step knee jerk momentum selling and flipped the always present ‘neutral algo’s’, (as dissected in a prior MT commentary), over to a sell side bias. Guess who was on the other side of those trades profitably buying back the newly instigated supply? The daily downward move was then consolidated with a bearish close just below the 10DMA. (Bear in mind long or short stops are clearly visible to the 2 COT bullion banks identified in the OCC reports, concurrently holding the book on over 97% of all OTC gold and silver derivatives, a market 10 times the size of the Comex. These 2 COT banks also maintain concentrated short controlling positions in the futures markets).
Now, breaking down the footprints in more detail….
Preceding the pit selling, obvious spoofing was seen which given the signature footprints had to be from a COT algo and foreshadowed mal intent. If you recall from the MT post, we saw a very strong showing at the PM fix with large allocation sought in size, yet into the fix, we saw a block order of 10,000 GCQ contracts hitting all the bids for an $8 drop ahead of the fix followed by 35,000 contracts hitting all the bids for another $20 followed by a small $5 rise into the pit close where we saw large allocation sought at 1606. At this point, some short covering was seen, looking like a bottom likely drawing in some new longs, followed by another 30K selling tranche followed by the residuals over the remaining couple of hours. There was an obvious round off of short covering of around 50K seen into the pit close. This exercise resulted in an extremely profitable trade which also opened a window to repay/rebuy some previously underwater gold leases here in London. I am very close to the physical market here and am almost certain this was the case.
Obviously, aside from my observations and sources, I verified my information with both a trusted pit contact and traders here in London; also independently I saw this from an individual who I respect, Jesse, who appears to have concluded similar observations.
Jesse comments 08 June … “One has to consider information such as this as input to be compared to other things, since we cannot directly view what the unidentified source is specifically seeing.
However, having watched the tape in real time and looked at the changes in Open Interest, it seems to be a credible description of what happened.
It also tracks closely with my own view of the game which we are in…”
I hope my sharing this with you has been helpful.

Once again, if you are an experienced trader, I urge you to consider this service. The goal is to profit by trading along and against The Cartels and then convert each monthly gain into physical metal, thereby decreasing their available supply. If we only have a handful of members, the physical effect is negligible. However, if we can get a couple hundred folks working this program...well, then maybe we could have an impact. Regardless of that, in the end, members of The Army will be consistently adding to their stacks of physical, and there's certainly nothing wrong with that.
Have a great weekend!
TF

source:

http://www.tfmetalsreport.com/blog/3978/army-advances

Silver bottom is here. SILVERTARDS WE RIDE!

Hi fellow silvertards. I made a very funny thread at Godlikeproductions.com .

please read it here:


MASSIVE silver short COVERING happening! 25 MM oz! I told you "load the truck" at the bottom recently!

http://www.godlikeproductions.com/forum1/message1912842/pg1

SILVER SUPPRESED : options expiration week!!

gold and silver options expiration week. see the intraday charts.
they are keeping it below 27$ to maximize profits
expect a solid recovery after this week I guess .

more:

http://jessescrossroadscafe.blogspot.com.ar/2012/06/next-tuesday-26-june-is-silver-july.html

Silver Demand Soaring: Premiums Skyrocketing, APMEX Sold Out of 90% Silver Bags

 Silverdoctors pointing to strong physical demand here.

enjoy the read

 

Yesterday we reported that the Perth Mint’s 1/2 oz Lunar Series silver coin sales are up nearly 40 fold from 2007-2008.
With silver hovering in the mid-upper $20′s after the latest raid coinciding with last week’s FOMC speech by Bernanke, demand for investment silver products has been absolutely soaring, particularly demand for fractional products such as 90% silver coins.

The industry’s largest online retailer APMEX is now COMPLETELY SOLD OUT of 90% silver bags.
APMEX has drastically raised their prices (on the silver they expect to receive in 10 days on July 6th) on 90% silver to $1.59/oz over spot for $100 face value bags and $1.45/oz over spot for $500 face value bags.

90% Silver Coins – $500 Face Value Bag (Jul 6th)
	These items are on a slight delay. We expect to be able to ship these items by July 6th

90% Silver Coins – $100 Face Value Bag (Jul 6th)
	These items are on a slight delay. We expect to be able to ship these items by July 6th

As we have inside knowledge of the wholesale silver market via SD Bullion, we can attest that the wholesale inventories of fractional silver, particularly 90% coins are rapidly evaporating with numerous wholesalers completely out of inventory and are substantially raising premiums daily.

SD Bullion still has a limited inventory of 90% silver available in both $100 face and $500 face value, and we will continue to leave our price as low as .79/oz over spotwhile our supplies last.

Many silver investors have been remaining on the sidelines in hopes of ‘backing up the truck’ should silver decline further to long term support near $20-22, with some speculating the metal could even fall to $15. Experienced stackers and silver investors can attest to the fact that physical silver will likely not be available under $25 should paper prices dip to $20-$22, and it is highly unlikely physical silver will be attainable for even $20 should paper silver decline to $15.

In the depths of 2008 when silver’s futures prices touched $8/oz, physical investment metal could not obtained anywhere for under $12-$13 an ounce- nearly 50-60% premiums to paper futures market prices!

As most of our readers are aware, silver is such a small market that if a mere $1 billion attempted to purchase physical silver right now the price would double to triple overnight.

The sudden rise in silver premiums and vanishing supply is indicating that some deep pockets are likely entering the market at these extremely low prices and sucking up all available inventory.

 

 

http://www.silverdoctors.com/silver-demand-soaring-premiums-skyrocketing-apmex-sold-out-of-90-silver-bags-2/

 

RUSSIA Hoarded GOLD in MAY 2012

It´s official.


Russia lifts gold reserves by 498,000 ounces in May -- Fall in gold price attracts central bank buying -- Gold price not expected to lift significantly without increased buying activity from other parts of the market (Adds further detail and analyst comment throughout.) By Rhiannon Hoyle and Francesca Freeman SYDNEY--The central banks of Russia, Ukraine and Kazakhstan actively boosted their gold reserves in May as the price of gold declined amid anxiety over the euro-zone debt crisis. Emerging markets' central banks have bought gold in reaction to the sovereign debt crises affecting traditional reserve currencies such as the dollar and the euro. This has become an important support for gold prices, as it not only absorbs supply but boosts investor sentiment toward the metal, market participants say. Russia, a regular buyer in its domestic market, lifted its gold reserves by 498,000 troy ounces in May, International Monetary Fund data showed Tuesday. Russia's reserves stood at 29.300 million ounces at the end of the month. Ukraine increased its holdings by 66,000 ounces to 1.050 million ounces--a third consecutive monthly increase in its official gold reserves--while Kazakhstan's central bank registered its sixth consecutive monthly increase, boosting its reserves by 58,000 ounces to 3.215 million ounces, IMF data showed. Turkey, which last year began to accept gold as collateral from commercial banks, also reported a substantial increase in its holdings--by 183,000 ounces to 7.876 million ounces. The banks bought gold as its price slumped due to growing anxiety over the euro-zone debt crisis and the outlook for debt-laden peripheral nations like Greece. The average PM fixing for gold in May was $1,585.50 an ounce, its lowest level since July 2011, London Bullion Market Association data showed. "Central banks do time purchases and will seek to add to their positions when it is advantageous to do so," Marcus Grubb, managing director of the World Gold Council, told Dow Jones Newswires in a recent interview. According to the WGC, the high price of gold in the early part of 2012 contributed to a 41% drop in official sector gold purchases in the first quarter of this year. Still, central bank buying alone isn't expected to significantly energize the gold market, which is currently suffering from low trading volumes amid a lack of buying interest from both speculative and physical investors. Physical demand from India--usually a key support to prices--has been particularly disappointing of late due to the weakness of the rupee versus the greenback, which is making dollar-denominated gold less affordable to Indian buyers. Meanwhile, speculative gold investors have been keeping to the sidelines amid heightened macroeconomic uncertainty. "While central bank buying is supportive of prices and lends a certain amount of optimism to the market, it isn't actually going to push prices higher," said David Govett, head of precious metals at Marex Spectron. "Central banks have been net buyers for a while now and the market is fairly inured to these stories, so while they provide a glimmer of hope for the bulls, they do not give any immediate reason to buy gold." Several countries such as the Philippines and Tajikistan, both of which have added to their reserves considerably in recent months, are yet to formally report their activity to the IMF. Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com and Francesca Freeman at Francesca.freeman@dowjones.com (END) Dow Jones Newswires June 26, 2012 08:03 ET (12:03 GMT)2012 Dow Jones & Company, Inc.

I hoarded silver last week. What a great day today

Full of geopolitical risk...full of "euro doom". but our theory got it right: too much interest in silver around 26 and 1500 for gold.
Institutional buyers . I feel this in my bones.

Have you heard about  Daniel Estulin? He is a best seller author, very famous for the "conspiracy theories guys". Well, the guy tweeted something urgent: the dollar will fall in value against the chinese yuan.
He claims to have deep inside information regarding the Bilderbergs meetings.

I found very interesting that Larry Edelson , a member of the prestigious Weiss Research is ALSO saying that according to his sources we are getting closer to a dollar devaluation against the chinese yuan.

Both governments WANT THE SAME.

the USA > wants to inflate debts away

China > wants to lower their inflation and grab the wheel.

A dollar devaluation against the yuan will help both political interests.

I am not saying this is "good for the people" or "business". I am just saying what is in the air. I found interesting the syncronicity between this 2 different guys.

I smell that they made an excellent job in supressing gold and silver to the maximum possible they could afford.
But big money ( Russia? ) were hoarding right there.

It is interesting that NATO is close to threaten Syria big time . We will see.  It is in the best russian interest to keep oil prices stable or maybe higher a bit more.


As you know, I have been averaging my silver position around 26,90$. 
I don´t recommend silver gambling. Grab the physical now. And hoard it .

Is Latest Silver Smash a Result of CIO Losses Forcing JP Morgan to Unwind Silver Positions??

Hi Silvertards. This is Strongman. I am all in . The cartel is failing. They won´t be able to cross the 1500 level for gold and 26 for silver: too much physical hoarding here I guess.
We will see with the NEXT COT report. I guess the big money is all in this last week too.
That is my guess according to the intraday price dynamics: gold price almost got frozen! that´s the same thing it did when it found bottom around 1530 in the previous raid attempt.

I am all in . Go for physical guys. Leave speculation for gamblers or anyone who can tolerate to loss 100% of their trading capital.

Now I am copypasting this one by the SilverDoctors:

Cheers and Load the Truck. To the moon Alice!

Is Latest Silver Smash a Result of CIO Losses Forcing JP Morgan to Unwind Silver Positions??

NASDAQ.com writer Martin Tillier has taken the JP Morgan silver manipulation story mainstream.

In a story published on NASDAQ.com Tillier writes that if rumors of JP Morgan’s manipulation of silver are true ‘and they likely are‘, The Morgue will be forced to unwind their naked silver positions in light of increased scrutiny as they cannot afford another story about excessive risk.

Tiller states that at the very least, JP Morgan will have to stop holding the market down.

Our friend TF from TFMetalsReport estimates that after Thursday’s raid, JP Morgan’s naked silver position (which as of Tuesday’s COT cutoff was approximately 17,000 contracts) could likely have been reduced to around 11,000 contracts.

Is the latest smash in silver Blythe and Jamie’s desperate attempt to extricate themselves from JPM’s naked short silver positions in order to avoid a 2nd humiliating PR SNAFU for the firm which would likely result in Dimon getting the proverbial axe???

JP Morgan: Every Cloud Has a Silver Lining

By Martin Tillier, NASDAQ.com

Jamie Dimon, the CEO of JP Morgan Chase was recently called to testify on Capitol Hill regarding a declared $2 Billion loss on a “hedge” placed by a trader in London. Congress’s favorite Wall Street banker was given an easy ride by the Senators, but details of the loss tarnished the “squeaky clean” reputation of JP Morgan for many people. This is something potential silver investors should take note of.

There have long been rumors in the market that JP Morgan had a huge short position in silver. Many people believed that they were doing everything in their power to keep the price down to protect their position. Simply Google “JP Morgan + silver” for thousands of results. Those who denied this persistent rumor pointed to the reputation of the firm as more conservative and better behaved than the other Wall Street banks. We all know how that has played out.

Whether the rumors are true or not, and they likely are, JP Morgan’s troubles will have a positive effect on the price of silver. If they are true, the firm, in the light of increased scrutiny, will have to begin to unwind their position. They cannot afford another story about excessive risk. At the very least, they will have to stop holding the market down. They benefit enormously from being Washington’s favorite, but politicians of all stripes will change favorites faster than a 5 year old in the playground if improper manipulation of the silver market is shown to have happened.
Read more from NASDAQ.com:

 

Source and comments:

 

http://www.silverdoctors.com/is-latest-silver-smash-a-result-of-cio-losses-forcing-jp-morgan-to-unwind-silver-positions/

 

 

Jason Hommel Vs Martin Armstrong on GOLD

WAR! Fellow silvertards. There is war between Jason Hommel and Martin Armstrong. Here the links and info.

The SilverStockReport’s Jason Hommel has released a full point-by-point rebuttal of Martin Armstrong’s recent article regarding Armstrong’s disbelief that paper ‘gold’ is artificially suppressing the price of physical gold.

 

more:

 http://www.silverdoctors.com/jason-hommel-debates-martin-armstrong-makes-the-case-for-55000-gold/

here is the counterattack :

http://armstrongeconomics.com/2012/06/20/the-problem-with-ideals/

Martin Armstrong's view on gold standard and what to do with gold

Answering Your Questions

Posted on June 20, 2012

“ Hi Martin, thanks for your steady flow of valuable market comments and economic comments. I see that one option during a monetary reform likely facing us in the next 8 years is the launch of a new currency to replace the current or “old” one. If this were to occur, wouldn’t all debts in the “old” or existing currency be converted into the new much weaker currency hence providing a windfall for debtors ? Or am i missing something? What has happened to debtors in all cases where a new currency has been launched to replace a current currency – is it a windfall for debtors or do they get hit hard ? I think North Korea was a country who did this recently if i recall correctly.
Cheers“
In most cases the lender gets nothing. That is what destroyed capital formation during the great depression. People hoarded gold and money was eradicated by the permanent defaults. It is how government always gets out of paying off its debt. This is why there will NEVER be a return to the gold standard. You then have to pay the debt in gold? All the debts of former governments go to ZERO.
The reason there is plenty of Continental Congress currency around is because the USA defaulted. The Constitution promised to pay all those debts and notes. They never did. A team of lawyers & I got together to see if we could buy up that currency and then demand the government pay it off. The conclusion was a Federal Judge would deny the claim unless you could show your family personally had that money and was harmed. This is the way debt is always resolved – bug off! This is the essence of the shift between private and public. It is why Adam Smith said nobody ever pays. So those who take the National Debt, divide the purported gold reserves, and then announce to the world everyone is an idiot because gold has to be $60,000 – get real! That assumes the debt game keeps going and there is some guilty conscience that says they will pay it off in gold. Sorry – I go to Capitol Hill regularly and meet behind closed doors on these topics – it ain’t gonna happen! They will default. The new currency will be electronic for they see this as your fault and if you paid every time of tax there would be not debt crisis. What makes you think these people actually believe they are responsible?
Europe has cancelled its currency plenty of times and war always wipes out previous debt unless you are the victor – and then you use inflation to devalue it. The idiot is not the guy who questions $60,000 gold, but the guy who thinks they will honor that debt so gold has to be $60,000. It will never happen! Buy gold physically for it will help make the transition from the current currency to the next. It will probably hit $5,000 by 2017 BEFORE the currency changes so it is impossible to say even what that $5,000 means in purchasing power today. So will real estate, and of course shares, collectibles from coins & stamps to fine art & antiques. This is why people HOARD in a crisis. They instinctively see something is wrong. In Greece, leading into the elections, more than 1 billion euros were being withdrawn from ATMs each day. That was the hedge to hoard cash just in case!

source:

http://armstrongeconomics.com/2012/06/20/answering-your-questions/

SocGen sees QE3 coming this week?

"Will the Fed adopt QE3? Yes! Will it help? Only at the margin. With economic data signalling stall speed growth for the US, we expect the Fed to lower its current 2012 growth outlook from 2.7%, narrowing the gap to our own forecast of 1.8%. This – and the risks from the euro area debt crisis – will allow the Fed to adopt QE3 at the June 20 FOMC. We estimate the Fed could extend twist by another $150bn, but our expectation is that the Fed will instead allow its balance sheet to expand a further $600bn, with purchases split 40/60% between MBS and Treasuries. "

the real link and more here:

http://www.zerohedge.com/news/socgens-take-greek-elections-and-what-happens-next

Long silver again

Remember my thread:
STRONGMAN SHELFORD 2012 ECONOMIC PREDICTIONS: BUY PLATINUM AND SILVER NOW. GET A PIECE OF PAPER. WRITE THIS DOWN!

Thread: STRONGMAN SHELFORD 2012 ECONOMIC PREDICTIONS: BUY PLATINUM AND SILVER NOW. GET A PIECE OF PAPER. WRITE THIS DOWN!
01/25/2012 04:25 PM

Then 1 month later , I recommended protecting profits protecting profits

STRONGMAN SHELFORD 2012 ECONOMIC PREDICTIONS: 9,3% UP in only 1 month .
02/23/2012 06:33 AM

Thread: STRONGMAN SHELFORD 2012 ECONOMIC PREDICTIONS: 9,3% UP in only 1 month .

You see. This is the real deal. I recommended how to trade metals on GLP. I am a GlPer guy who is a bank analyst and since I am argentinian I have seen all the economic doom you can imagine...twice: hyperinflation, bank runs, bank meltdown, economic depression, "corralitos", retirement fund confiscation, populism... cheating in inflation numbers, you name it.
yes , we have seen it all.

Now I am BACK long SILVER.

this is the situation:

1) Europe is insolvent. Getting full of socialists. It is doomed. You can confirm this. Check this figure : DEBT/GDP FISCAL DEFICIT/GDP . TRADE BALANCE. DEFICIT PROJECTIONS. THIS WILL TEACH THAT EUROPE IS DOOMED BASICALLY.

2) USA is doomed but it still safe haven and the dollar is still the king. I guess Bernanke will print money should things get even more doomier to protect the USA from a crisis contagion.

3) Gold was bought heavily around 1500 over and over again.
I suspect there is central bank protection around this level. The same for silver in 26$ . Buy these levels

4) Papertards never learn. American are still hoarding gold and silver like crazy:



American Eagle gold bullion sales more than double in May
The U.S. Mint's sales of American Eagle gold bullion coins in May rose 158% over the total number purchased in April.

Sales of American Eagle silver bullion coins rose 89% during the same period.

[link to www.mineweb.com]



Soros, Eton Park Raised Gold ETP Holdings Before Price Drop
[link to www.businessweek.com]

The dollar is king. Deflationtards all over the place will come to say " buy only dollar." They don´t understand that The USA is getting ready to destroy the dollar to lower trade deficit with China. So that´s why gold is being bought heavily above 1500$

Check the Great Betrayal of 2012 by Larry Edelson video now:
( a must see)

[link to finance.uncommonwisdomdaily.com]

5) Globalists are trying like crazy to consolidate power in Europe: Fiscal union, bank union,etc. They want to consolidate power and destroy the remaining freedom in Europe. This is a big puzzle to bring World government later.

6) I am back buying silver. You should exchange your wealth for real things, tangible assets not accesible to government for confiscation. US Dollar will be the last paper money to fall. BUt it will fall guaranteed


7) Stay alert. Get a piece of paper and write this down: Drop your paper assets, buy silver for 28,59$ and invest in yourself. Don´t believe 100% you read from financial analysts. Be you the guy in charge of your money.Buy all you can between 26-29$


Strongman Shelford
GLP Veteran Markets Analyst

Why you SHOULD BUY GOLD by Martin Armstrong

Get it here free pdf file by the cycles guru Martin Armstrong:

http://www.inflateordie.com/files/Why%20You%20Should%20Buy%20Gold%2006-14-2012.pdf

Massive financial Repression in Argentina now. TOTAL ORWELLIAN STATE !

Market gurú Bill Bonner said: "Defaults, devaluations, hyperinflations — the Argentines have seen it all."

Now the local IRS ( AFIP) will ban "hoarding" foreign currency > for savings. You will have to ask for a specific purpose to access foreign currency. Total orwellian state.
I guess this will finally push the sheeple to find other alternatives, like argentinian gold or "Argentino oro" ( like the argentinian version of the gold eagle. coins from the XIX century)

tOTAL FINANCIAL repression in Argentina.
Now if we want to buy foreign currency, the state will ask you "what do you want it for?"

we can´t buy foreign currency freely from some months.

There is a bank run and dollars deposits are crashing big time in Argentina

The fiscal situation is getting weaker.

spanish link: http://www.ambito.com/noticia.asp?id=639797

 We can´t buy foreign currency or imported gold if we don´t check our "economic capacity" at the local IRS website. OF course, most of the people is not allowed by the government to buy foreign currency.

related thread:


http://www.godlikeproductions.com/forum1/message1892390/pg1


I believe the Argentinian government will soon take aggresive controls against gold coin -gold bars sales. There are not much silvertards in Argentina. There is no market. There are no financial institutions selling silver bars or silver coins. Very sad country to be a silvertard like me!
I still can get some silver  shots  or "granalla".

Learn from our experience. We have seen it all. Get your wealth to tangible - portable assets . The kind of assets governments can´t confiscate easily.

For me, it means > let´s get more physical than ever.

Good luck and God help us all.

Strongman Shelford.

Gold Alert by Sprott

There have been key developments in the physical gold market over the last few weeks which we feel are worth highlighting:
1) The Chinese gold imports from Hong Kong in April, 2012 surged almost 1300% on a YoY basis. Total gross imports for the month of April were 103.6 tonnes and the net imports were 66.3 tonnes¹. It is not the data for April alone which has caught our eye. There has been a stunning increase of gold imports through Hong Kong for export into China over the past 2 years. Between May 2010 and April 2011, China imported a net 66 tonnes of physical gold through Hong Kong. Between May 2011 and April 2012, that number jumped to 489 tonnes. This represents an increase of 640%.
HONG KONG GOLD EXPORTS TO CHINA (KG)
Source: Census and Statistics Department of Hong Kong 
2) Central banks from around the world bought over 70 tonnes of gold in April, 2012. Data from the IMF showed developing countries such as the Philippines, Turkey, Mexico and Sri Lanka were significant buyers of gold as prices dipped².
3) Iran purchased $1.2B worth of gold in April, 2012 through Turkey. As the developed nations continue devaluing their currency at the expense of developing nations, countries such as Iran, China and Mexico are forced to look at alternative stores of value³.
4) After twenty years of lackluster returns and stagnant bond yields, Japanese pension funds have finally discovered the value of investing in gold. The $500M Okayama Metal and Machinery pension fund placed 1.5% of its assets into gold bullion-backed ETFs in April in order to "escape sovereign risk"⁴.
5) Bill Gross writes⁵, "Soaring debt/GDP ratios in previously sacrosanct AAA countries have made low cost funding increasingly a function of central banks as opposed to private market investors. Both the lower quality and lower yields of previously sacrosanct debt therefore represent a potential breaking point in our now 40-year-old global monetary system. […] As they (investors) question the value of much of the $200 trillion which comprises our current system, they move marginally elsewhere - to real assets such as land, gold and tangible things, or to cash and a figurative mattress where at least their money is readily accessible". Is the bond king recommending gold? YES, YES YES!
6) The Gold Mining ETF, GDX, has seen strong inflows in the past 3 months. The number of units outstanding have increased from 162.5M⁶ to roughly 187M⁷ between March 1, 2012 and May 31, 2012. This represents an increase in assets of almost $1.2B in a span of 3 months. It is worth pointing out that for a majority of this three months period, GDX, and by extension the gold mining companies were experiencing significant declines in their market values.
We believe there has been a material change in the gold investing landscape. The HUI, which is the Gold Bugs Index, is now up over 20% from its lows since May 16th, 2012. The slide in gold equities seems to be subsiding as a foundation for a strong move upwards is set. New buyers, represented by the Chinese, central banks, Japanese pension funds and the Iranians, bought almost 140 tonnes of gold in April alone. To put this into perspective, the annual gold production is approximately 2600 tonnes⁸. China and Russia produce around 500 tonnes of gold annually, which never makes it to the open market. This leaves about 2100 tonnes of gold production annually for the rest of the world.
When buyers representing 140 tonnes of new demand enter a market which only has 175 tonnes of monthly supply, we are left wondering about two things:
1) In a balanced market, where is the source of supply to the new buyers going to come from?
2) How can a new buyer of size get into the gold market, which is already balanced, without significantly impacting the price of gold?
The answer is fairly obvious. When demand outstrips supply, prices move higher. These significant macro changes in the supplydemand dynamic of the gold market should propel the price of gold to new highs.

 http://sprott.com/market-insights/gold-alerts/gold-alert-june-8,-2012/

1	HK Gov statistics website: http://www.censtatd.gov.hk/
2	IMF website: http://www.imf.org/external/data.htm
3	http://www.resourceinvestor.com/2012/06/05/irans-gold-imports-from-turkey-surgedin-april?ref=hp
4	Financial Times: http://www.ft.com
5	http://www.pimco.com/EN/Insights/Pages/Wall-Street-Food-Chain.aspx
6	http://www.forbes.com/sites/etfchannel/2012/02/28/notable-etf-inflow-detected-gdx-abx-gg-nem-3/
7	http://www.forbes.com/sites/etfchannel/2012/05/29/noteworthy-etf-inflows-gdx-abx-gg-nem-3/
8	GFMS - www.gold.org

The stock market will continue down against gold, the currencies will collapse at a faster rate against gold, and gold will continue its long-term trend (higher) that we have seen over the last 12 years

Egon von Greyerz:
“We’re seeing every week, one domino after the next that is falling. So far they are only smaller dominos such as banks, smaller countries, etc.. No (major) country has fallen, but that will come. Every single economic figure is looking worse. World trade is declining — Chinese exports of steel were down 14% last month, US exports to the eurozone were down 5% last month and that is likely to increase to minus 20% if not more.
The decline of world trade means the start of a depression….

 more:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/6/9_Greyerz_-_Worldwide_Package_Coming_From_Fed,_ECB_%26_IMF.html

RUMOR: big banks getting ready for summer collapse?

On June 1, market rumors were coming out of a hedge fund luncheon stating that Pimco, JP Morgan, and other financial companies were cancelling summer vacations for employees so they could prepare for a major 'Lehman type' economic crash projected for the coming months.

more:
http://www.examiner.com/article/market-rumor-pimco-and-jp-morgan-halt-vacations-to-prepare-for-economic-crash

Will silver hold the 26 level if this is true? Should it explode to 50 again? Time will tell.

I feel more safe in gold and silver rather than in stocks and bonds.

it is up to you to make your choice.

SOROS: "GERMANY BETTER SAVE EUROPE IN 3 MONTHS OR DOOM Coming"

Hi guys. gold going up from 1500 $ big time. I guess some central banks ( Russia?) buying big there.
we have a strong support there guys.
I am watching the greek drama ( jun 17-18) to see potential downside risk for precious metals.
If you don´t care about short term volatility then you may buy slowly and get ready to rebuy the dips just in case.

Soros is saying that Germany must "act quickly" in less than 3 months. That´s scary.  IT means paper money system is totally doomed . International capitals may flight to the dollar, but there the dollar fundamentals are also a disaster.
I expect silver to go above 50 between 2012-2013. I am hoarding it slowly.

Read the Soros warning here:

http://www.telegraph.co.uk/finance/financialcrisis/9308964/George-Soros-says-Germany-has-three-months-to-save-the-eurozone.html