Friday, December 31, 2010

The Silver Bubble Debunked - Silver

An excellent video about debunking The Silver Bubble. Spread the word about silver as an investment.

See all Silver Investment News

Investing in gold and silver - talking about Silver (and gold) as a great investment againest inflation

News Piece talking up Silver (and gold) as a great investment againest inflation (creation of money)

See all the galeforcesales silver news

Silver Shortage This Decade, Silver Will Be Worth More Than Gold - Top Pro Silver Investment video

A Top Pro Silver Investment video discussing the Silver Shortage This Decade, Silver Will Be Worth More Than Gold

This video deserves to go viral!

Thursday, December 30, 2010

CNBC - Silver to Move to $35 early in 2011?

I nice Video of a discussion about the 2011 Silver price, most appear bullish and suggest silver could get to $100.00. Its possible!

Forex Technical Update 12.29.2010 -- Gold, Silver and Kiwi Rally as the Currency Markets Consolidate

A video roundup Forex Technical Update 12.29.2010 for Gold, Silver and Kiwi Dollar Rallying as the Currency Markets Consolidate

$35 Silver? Good Video of Technical Chart Analysis .. Tune in

Silver investment news video titled $35 Silver? Good Video of Technical Chart Analysis of Silver (au) Tune in to stay informed, absorb information and form your own opinion.

Wednesday, December 29, 2010

Silver is Back over $30.00 per ounce YES

Funny Silver video post from a Silver Investor happy as its Back over $30.00 per ounce (US$) YES!!!

Tuesday, December 7, 2010

JP Morgan Silver Manipulation Explained

Great Animated video breakdown of how the silver market is being manipulated by JP MORGAN for all silver news and bullion, investment links and information

Thursday, November 25, 2010

JP Morgan Getting CRUSHED.... charts to prove it... SILVER NEWS

A video of JP Morgan Getting CRUSHED.... charts to prove it... SILVER NEWS for the silver investor

Decent video, Silver is looking very bullish

See all StellaConcepts videos

Tuesday, September 14, 2010

Australia Gold: Why Buy Gold Stocks? Australia Gold

Australia Gold: Why Buy Gold Stocks? Australia Gold: "For profit and wealth protection. Gold mining companies have done extremely well over the past ten years and in particular since the 2008 c..."

Australia Gold: Junior gold miners provide M&A allure - Australia ...

Australia Gold: Junior gold miners provide M&A allure - Australia ...: "Investors seeking exposure to gold should back Australia's junior gold miners, which will be takeover targets for larger producers pushing ..."

Saturday, August 28, 2010

Commodity Trends: Bernanke Perks Up Commodities August 28, 2010

The Speech by Federal Reserve Chief Ben Bernanke boosted market sentiments in equities and major commodity markets last week with base metals, energy and precious metals gaining as a result. Gold continues to be supported by safe-haven demand and is with in close range of its all time high recorded in June.

ICEX plans to trade gold coins

Indian Commodity Exchange (ICEX) plans to start trading a gold coins futures contract to cater traders in smaller cities in association with the Bombay Bullion Association in the next two months, the head of the bourse and trade body officials said on Friday. "We are in the process of creating a platform for major refiners on which they can offer their products. We expect more Indian refiners to participate in the delivery process," Sanjay Chandel, CEO of ICEX, told Reuters on the sidelines of a gold conference.

The exchange at present offers futures trading of two gold contracts of 1 kilogram and 100 grams denominations. India is currently in its festival season, which will peak in November during Dhanteras, the single largest gold-buying day, when demand tends to spike, limiting the supplies of the yellow metal and pushing premiums higher
Coffee May Decline to $1,515

Robusta coffee, down 12 percent this month in London trading, may fall a further 5 percent to $1,515 a metric ton, according to technical analysis by Sucden Financial using Fibonacci levels. The London coffee futures have fallen 50 percent may target near $1,515,according to Brenda Sullivan, head of research at the brokerage firm in London.

Food inflation falls
Food inflation fell for the second straight week to 10.05 per cent in the week ended August 14, lower than the 10.35 per cent year-on-year increase recorded in the week ended August 7.

The softening in food inflation is being attributed to a drop in prices of vegetables, including potatoes and onions. Annual fuel prices during the period increased 12.57 per cent, the same level of annual rise reported in the earlier week, data released by the Ministry of Commerce and Industry, on Thursday, showed


Gold prices continue to be bullish on weak economic data and benefited from fears of double dip recession looming ahead as durable goods orders and home sales data suggested faltering US economic recovery.

US Gold prices hit a high of $1244 on Thursday but subsequently declined on Friday on positive sentiments created by Ben Bernanke’s speech. Gold Futures December moved to $1237. The yellow metal has recovered in a short time after hitting a low of $1160 on June 18 and is on track to gain 5% this month.

Gold is moving closer to its all-time high, while silver prices saw their all-time high in the Indian market on Thursday. In Mumbai, silver prices went up by Rs 500 to close at Rs 30,760 per kg.

Internationally, silver was trading at $19.10 an ounce. Its highest price was seen on May 3, 2008, at $20.815. In India, the biggest gold user, demand almost doubled in the first-half on increased jewelry purchases and investments, the council said Aug. 25. Imports by the country this year may equal 2009’s level as early as this month because of “robust” demand, according to GFMS.

Purchases in the first half were 348 tons, compared with 559 tons in 2009, according to council’s data.

Bullion demand increased 36 percent in the second quarter as investors boosted purchases of gold-backed funds and pushed up prices to a record during Europe’s sovereign-debt crisis, the World Gold Council said onAugust 25. Investors bought 291.3 metric tons of the metal in exchange-traded funds, or ETFS, the second- highest quarter on record, the producer-funded group said. The ratio of gold to silver -- how many ounces of silver are needed to buy an ounce of gold -- slipped to its lowest since early August at about 65 as the white metal became increasingly expensive compared to gold.
Going ahead gold is likely to track equities and global recovery concerns for cues even as emerging market demand continues to be strong. US Gold spot has support at $1220 levels while December Futures has support at $1225 levels.MCX October Gold has risen to 18894 in a bullish trend.

Crude Oil
Crude oil has climbed from recent weakness on improved US economic outlook and positive sentiments created by Ben Bernanke’s speech. October contract at Nymex rose to $75.17 rising for the third day last week on Friday while rising equities provided firm support. Sources also pointed to short covering ahead of the weekend with three tropical systems churning in the Atlantic Ocean also helping lift crude oil futures that had dropped to an 11-week low under $71 a barrel intraday on Wednesday.

U.S. crude for October traded as low as $72.04 and reached a $75.54 peak in post-settlement trading on Friday.Volume was heavy, with more than 900,000 lots traded with an hour left in post-settlement trading, up sharply from Thursday's 784,091 lots traded and well above the 30-day average of 585,267.

Decline in new US weekly claims for jobless benefits and weak dollar supported the energy complex.
Front-month crude prices finished $1.71, or 2.33 percent, higher for the week, breaking a string of two straight down weeks. The oil market was consolidating a recovery from Wednesday's $70.76 intraday low, which was weakest front-month price since the $70.75 low struck on June 8.

Oil markets were eyeing a string of tempests in the Atlantic, putting some storm premium into the market, sources said, though on Friday the storms were not expected to threaten to the energy infrastructure in the Gulf of Mexico.
MCX September crude rose to 3551 while Nymex October corntract has support at $72 levels.

Base metals

Base metals led by Copper rallied last week on gains in Wall Street and positive sentiments generated by Fed Reserve Chief Ben Bernanke. LME Copper rose to $7459 levels on strong equities and lesser than expected drop in US GDP growth forecast for Q2 at 1.6% from 2.4% previously. LME Copper ware house stocks have fallen 25% since Mide February with LME aluminium stocks also falling. LME Zinc rose to $2102.50, tin hits high of $21750 as against $20350 on Thursday on tighter Indonesian supplies. LME Copper prices were ruling at $7200 levels in the beginning of the week. Copper was supported by speculation that demand gains in China is set to continue.

Read on

Tuesday, August 3, 2010

Bullion, coin dealers call for investigation of U.S. coin blanks supply - Silver News

Witnesses before and members of the U.S. House Subcommittee on Domestic Monetary Policy have urged Congress to direct the U.S. Mint to buy U.S. manufactured blanks for gold and silver bullion coins and discontinue the practice of using Australian-made blanks.

Meanwhile, the Director of the U.S. Mint Edmond Moy told the subcommittee that, if the Mint can begin production by September, "we will be able to produce about 830,000 one-ounce silver American Eagle coins to meet collector demand for this product in the remaining months of 2010."

Moy told the subcommittee uncertainty surrounding traditional investments and inflation concerns "drove investor demand for bullion precious metals in all forms to exceptional highs in 2009."

As a result, the agency did not mint and issue what Moy called "the very popular" American Eagle One-Ounce Proof Gold and One-Ounce Proof Silver Coins in 2009.

Although bullion coin demand seemed to be subsiding earlier this year, in May, the Mint experienced an increase in orders for silver bullion coins to over 3.6 million coins. In fiscal year 2009, bullion coins sales reached an all-time high of $1.7 billion, nearly 80% above the sales of fiscal year 2008.

While Moy said the Mint had no difficulty in obtaining gold, silver and platinum in raw materials form, "We experienced considerable difficulty in getting this raw material fabricated into planchets by our vendors in sufficient quantities to meet public demand."

As a result, sales of discretionary gold and silver proof and uncirculated coins where hurt because they use the same planchets as their mandatory bullion coin counterparts. Moy told the committee that all incoming planchets were diverted "to fulfill our statutory obligation to meet public demand for bullion coins."

Moy said he was encouraged that the House Subcommittee on Domestic Monetary Policy "is exploring the possibility of an amendment that would afford the Secretary [of the Treasury] the authority to approve the minting and insurance of American Eagle Silver Proof and Uncirculated Coins even when we are unable to meet the public's demand for the bullion versions of these coins."

"Indeed, such a change would be one of the most positive customer satisfaction measures that could be taken to benefit your coin collecting constituents without having an effect on Americans' ability to acquire investment-grade silver bullion.'

However, he added, "such a change needs to be enacted soon."

Meanwhile, Moy told the subcommittee, "Compared to their face values, never before in our nation's history has the government spent as much money to mint and issue coins and, with regard to the one-cent and five-cent coins, never before has the nation spent more to mint and issue a circulating coin than its legal value."

"This problem is needlessly wasting hundreds of millions of dollars, he declared.

The Department of Treasury is seeking the authority to determine the materials for all coin dominations. Moy said "we are proposing to save millions of dollars per year-over one billion dollars in the next 10 years-by determining the materials for the other coin dominations."

Subcommittee Chairman Rep. Melvin Watt, D-North Carolina, said, ‘We need to evaluated whether it would be a good idea to divert refined gold and silver from the bullion program to meet demand for numismatic products and what impact this would likely have on the supply of metals for bullion products."

Ranking Subcommittee Member Rep. Ron Paul, R-Texas, said he opposes the Mint's current efforts to gain greater power in determining the composition of circulating coinage.

"We could not maintain the gold standard nor the silver standard. We could not maintain the copper standard, and now we cannot even maintain the zinc standard," Paul noted. "Paper money inevitably breeds inflation and destroys the value of currency."

Michael B. Clark, president of the Diamond State Depository, a subsidiary of the Dillon Gage group, one of 12 authorized purchasers of American Eagle Silver Bullion Coins, told the subcommittee, "The Mint's inability to keep pace with demand has had a negative and unnecessary impact on the investment and hobby community."

He added that the Mint's reliance on just three suppliers for planchets or blanks "is flawed. Moreover, there is some irony in the fact that while Congress requires the Mint to procure the gold for its Eagle bullion coins from newly mined U.S. deposits, the Mint then ships that gold to Australia to be made into blanks. Then, the fabricated blanks are later shipped back to the United States for the production of coins."

"The efficiency of this system is obvious, and it seems that we should be able to create jobs at home by sourcing these blanks in the United States and eliminate the costs of inter-continental shipping," Clark noted.

Clark, who is a past chairman and currently a director of the Industry Council for Tangible Assets, asked Congress to take the following actions:

1. Authorize the Mint to produce both proof and uncirculated versions of the Gold and Silver Eagle Coins, regardless of the bullion coin demand requirements;

2. Direct the General Accountability Office to undertake a review of the Mint's blanks procurement process and seek GAO's recommendations on what can be done to improve it; and

3. Require the Mint procure the blanks for its bullion program from sources within the United States by no later than 2014.

The Industry Council also is asking Congress to produce a palladium bullion investment coin through the American Eagle Bullion Coin Program.

"Further, the introduction of a palladium coin may absorb some of the demand for the Silver Eagle, and reduce some of the Mint's production burden for that coin," Clark advised.

He also suggests a palladium bullion coin would create or maintain U.S. mining and refining jobs in Montana, New Jersey, California and South Carolina.

Finally, Clark urged Congress "to take swift action to protect consumers" from the increasing counterfeiting and subsequent marketing of counterfeit numismatic, rare and investment-grade level tender U.S. Coins.

See original source

July 2010 US Mint Silver Eagle Sales: Top 10 Month, Best July Ever

American Silver Eagle bullion coins turned in slightly lower numbers for July 2010 than the month before, according to the most recent figures released by the United States Mint.

While this may come as welcome news to collectors who have been hoping for a decline in the numbers to make way for proof versions, any celebration would be premature. True, sales of the strikes showed a drop of 20,000 units, but put in perspective, the decline is negligible.

Total sales for the month of July still came in at an astonishing 2,981,000. That amount was enough to cement the month as the best ever July since the debut of the coins back in 1986. In fact, it was a leap of 171,000 coins from the previous July record set just last year.

The month also ranks as the seventh best in history for American Silver Eagles. This distinction is not entirely surprising as 2010 has turned out to be a record year. As it stands right now, five of the top ten months for bullion coins have occurred this year.

Top Ten Silver Eagle Sales Months
1 December 1986 3,696,000
2 May 2010 3,636,500
3 January 2010 3,592,500
4 March 2010 3,381,000
5 March 2009 3,132,000
6 June 2010 3,001,000
7 July 2010 2,981,000
8 October 2009 2,939,000
9 July 2009 2,810,000
10 December 2009 2,773,500

2010 already ranks as the second best year ever with a total of 21,149,500 sold. This comes in behind 2009 which closed out at 28,766,500, but there are still five months left to go this year.

This is disheartening news for collectors of the numismatic proof and uncirculated versions. As the U.S. Mint is required by law to strike the bullion eagles to meet demand, the collector coins have been suspended indefinitely.

Collectors will recall with grief that the Mint did not produce any last year due to the rush on bullion, and it is appearing more likely that without Congressional intervention the same will happen in 2010. U.S. Mint Director Ed Moy recently testified before a House Subcommittee on the topic. He urged members to give the Treasury Secretary the discretional power to strike numismatic coins even if the Mint was not able to adequately meet bullion coin demand.

If Congress acts quickly and the waiver on bullion production is signed into law by President Obama, there still is hope for the proof and uncirculated coins. Moy indicated they could mint up to 830,000 of them this year, if they can start production by September. However, if Congress fails to act, the demand for the bullion coins may spell another year of cancellations.

For additional history, read last month’s report on sales.

Wednesday, July 28, 2010

How Much Gold, Silver, and Rare Coins Should You Own?

A question I am frequently asked by both new and experienced buyers of precious metals is just how much of one’s portfolio should be devoted to gold, silver, and rare coins?

There is no one-size-fits-all answer to this question. Factors that affect the allocation decision include someone’s current financial position, their amount of liquid assets, their age, the level of potential risk versus reward they can accept, and their commitments that may tie up assets in the future.

To help people, I have come up with a range of answers, using the percentage of net worth as the standard. For some it may be easier to think in terms of percentage of an investment portfolio.

The easy part is how much of someone’s net worth in total should be allocated to hard assets. For the conservative person, who may need quick access to cash for living expenses or may have a short time frame for ownership, I currently recommend a 10% allocation. I consider this to be the bare minimum to hold for insurance purposes. Gold, silver and rare coins tend to rise in value when the values of stocks, bonds, currencies, real estate, and other assets are falling. They also tend to rise when inflation is running rampant. Professional planners have confirmed that investment portfolios that own some amount of what I call hard assets tend to perform better over time than those that omit precious metals.

For a moderate investor, I now recommend approximately 20% of net worth or of an investment portfolio be allocated to gold, silver, and numismatic coins.

For the aggressive investors, which includes people who have significant liquid assets that need not be touched for a long time (at least five years), expect to live long enough to enjoy long-term appreciation, and are comfortable with a higher risk of loss, I suggest at least 25% but no more than a 33% allocation to precious metals and rare coins.

Under no circumstances do I suggest that anyone unload all their other assets and focus exclusively on gold, silver, and numismatics. Having all assets from just one investment class would be even riskier than not owning any hard assets.

OK, so now you can place yourself in a comfortable spot on the spectrum between conservative and aggressive, calculate your net worth or your total investment portfolio, and figure out how much you want to devote to hard assets in total. The next question that people then ask is how much should they allocate among gold, silver, or rare coins.

Silver is a more volatile metal than gold in its price movements. In bull markets, it will appreciate more than gold. In weak markets, it will decline by a greater percentage than gold. I use the gold/silver ratio to give me some clues as to which metal I expect to outperform the other in the future. Some analysts insist that a ratio like 16:1 is the long-term equilibrium ratio. I don’t know that this makes sense any more. However, I am much more comfortable projecting an eventual ratio in the range of 35:1 to 40:1. Since the gold/silver ratio now is in the mid-60s, that indicates that silver has the better prospects from here into the future. Accordingly, I allocate a somewhat higher percentage to silver than to gold, though I think it makes sense to have a significant allocation to both metals.

For conservative investors, I suggest that they avoid owning any rare coins at all for investment. Rare coins have a wider buy/sell spread than bullion, normally require a longer time for holding, and are less liquid. You may own some numismatic coins for the pleasure of ownership, but do not consider them as part of your investments. Thus, my conservative allocation would be 40% to bullion-priced physical gold, 60% to bullion-priced physical silver, and 0% to rare coins.

For a moderate person, I consider a small allocation to numismatics to be reasonable. So, for them I suggest an allocation of 35% to bullion-priced physical gold, 55% to bullion-priced physical silver, and 10% to rare coins.

As for the aggressive investor, I tilt even more toward numismatics and silver and somewhat less to gold. For this person, I recommend an allocation of 25% to bullion-priced physical gold, 50% to bullion-priced physical silver, and 25% devoted to rare coins.

I emphasize the purchase of physical gold and silver. And take delivery! There are a number of pitfalls of “paper” precious metals where I judge the risks of the seller or storage company defaulting on delivery are high enough to avoid them. Consequently, I don’t recommend certificate programs, London Bullion Market Association contracts, commodity contracts, allocated or unallocated storage arrangements (segregated storage accounts in your own name should be safe), and exchange traded funds.

I also strongly recommend not owning hard assets in precious metals Investment Retirement Accounts. There are a number of problems and limitations with owning precious metals accounts, not the least of which is the risk of confiscation of them as part of a program under consideration in Congress to potentially confiscate all private retirement assets. For further information on the problems with precious metals IRAs, see my article dated August 18, 2009 titled “Will U.S. Government Seize Bullion IRAs?”

In my precious metals and rare coin allocations, I purposely did not include either platinum or palladium. Neither metal had any significant use as circulating money in the past. The platinum market is running a surplus about half of the past decade, while palladium supplies have exceeded demand every year in the past decade. These two metals may do well in the future, but I expect gold and silver to outperform them on a percentage basis.

By finding your place on the investment spectrum and considering the allocations listed above, I anticipate that you will enjoy solid long-term results compared to many other asset classes.

Patrick A. Heller owns Liberty Coin Service in Lansing, Michigan and writes "Liberty's Outlook," a monthly newsletter covering rare coins and precious metals. Past issues can be found online at Pat Heller is also the gold market commentator for Numismatic News. Past columns online at under “News & Articles". His periodic radio interviews can be heard on WILS 1320 AM in Lansing,, and on

Tuesday, July 27, 2010

Silver's Bullish Momentum May Continue 26th July, 2010

U.S. economic data releases this week could indicate improving new-home sales, declining consumer confidence and rising durable goods orders. The eurozone is scheduled to release unemployment numbers, confidence measures, and retail sales data. These data releases could be mixed to positive for the dollar, while the eurozone macroeconomic factors are showing an upturn. Markets may be weighed down by the dollar, which has been deteriorating during the past seven weeks. Overall, a weaker dollar may push silver prices higher.
Silver could maintain a bullish momentum this week on technical indicators as well. Last week, silver gained 1.76% on the COMEX to close at $18.10 an ounce and scaled as high as $18.28, breaching the resistance level of $18.05. This week, the metal is likely to test resistance at $18.38. Since silver is trading above exponential moving averages, the white metal could find support at $18 levels. The momentum indicator RSI (14) is treading at 0.517, indicating a marginal upside.
Silver outperformed gold last week gaining nearly 1.8%. COMEX silver traded in the range of $17.44 to $18.28 an ounce. Silver futures for September delivery settled higher at $18.10 an ounce during the week. Silver tracked gains in base metals, which rose sharply last week. The London Metal Exchange Index for base metals jumped more than 7% for the week.
The gold-silver ratio dropped to 65.62 from 66.80, as silver gained and gold declined. Gold was down 0.03% last week, in comparison to silver's 1.76% gain. Silver prices for spot delivery on the COMEX closed at $18.11 an ounce, while futures ended at $18 an ounce, suggesting that silver prices are in backwardation. Similarly, COMEX gold prices for spot delivery closed at $1189.20 an ounce, while futures ended at $1187.80 an ounce, indicating that gold prices are in backwardation as well.
The calendar spread, the difference between two future contracts, between silver Sep'10 and Dec'10 continued to remain thin at -0.057, signifying that the far-month contracts closed higher than the near-month contracts. Meanwhile, the calendar spread between gold Aug'10 and Oct'10 contracts closed at -1.90 during the past week.

Source; The Street

Sunday, July 25, 2010

The LBMA joins the gold squeeze cover-up Silver and Gold Bullion News

The London Bullion Market Association has just taken the highly unusual step of blocking access to statistics relating to the trading activities of its member bullion banks. This information has been available to the public since 1997 but as of this week it is available only to LBMA members. (See

I have recently written a series of exposes of the LBMA (see References 1-4 below) using the association's own data to show that the LBMA's bullion banks are operating on a "fractional reserve" basis. My analysis indicates that the bullion banks are holding only 1 real ounce for about every 45 ounces of gold that they have sold, a reserve ratio of just 2.3 percent

At the March 25 public hearing of the U.S. Commodity Futures Trading Commission on precious metals futures markets I cited the LBMA's own statistics to label the "unallocated gold" accounts of the bullion banks as a Ponzi scheme. (See Reference 3 below.) There were bullion bank representatives at the hearing but no one expressed an objection. That hearing was videotaped and posted at the CFTC's Internet site but the bullion banks have not made any public statement rebutting what I said. In fact at that hearing Jeffrey Christian, CEO of the CPM Group, acknowledged that what is widely called the "physical market" is in reality a largely "paper market" trading gold and silver as if they are financial assets and not physical metals. Christian stated that 100 ounces of paper gold are traded for every 1 ounce of physical gold.

When the LBMA first made its trading statistics available in January 1997, observers and analysts were shocked. (See Reference 5 below.) No one could reconcile the statistics with other market data, nor comprehend how the bullion banks could be trading on a net basis more than 240,000 tonnes of gold annually while the global mine output was only 2,400 tonnes. Over the years the furor over these statistics had subsided until the end of 2009, when I commenced writing about my studies, showing that the statistics can be reconciled with other market data if the bullion banks are operating a fractional-reserve bullion banking operation with a recklessly low reserve ratio. I have also shown how the price of gold is suppressed because 45 ounces of demand are being diluted to result in purchase of only 1 ounce of real metal. If instead all 45 ounces were to be sourced and purchased, the gold price would be multiples of the current price.

Typically when people are exposed in a scandal their first reaction is a cover-up. The most notorious examples of this are the Nixon administration, when it doctored the Watergate tapes, and Arthur Anderson, which shredded millions of pages of documents relating to audits of Enron Corp.

The LBMA has now commenced a cover-up with respect to the gold trading activities of its member bullion banks, withdrawing statistics from the public domain.

This appears not to be the only cover-up going on in the gold market.

For years the International Monetary Fund has made great fanfare of its mere contemplation of selling some of its gold, and actual sales by the IMF have been widely publicized. Since February the IMF has been surreptitiously selling large tonnages of gold each month, but these sales now are to be found only by digging through the IMF's financial statements, and even there the recipients of the gold are not disclosed. (See Reference 6 below.) One has to wonder why the IMF now is trying to fly under the radar with its gold sales.

Similarly it was recently discovered that the Bank for International Settlements didn't feel it necessary to announce its involvement in the largest gold swap in history, 346 tonnes. (See Reference 7 below.) The BIS swaps instead were discovered only because a market analyst dug through the footnotes of the bank's financial statements.

These developments have all the hallmarks of cover-ups.

In June the LBMA trading statistics showed that in May 2010 the average net daily trading in gold by LBMA member banks jumped a massive 50 percent from the month before to 24 million ounces each day from 16 million ounces each day. That translates to $7.5 trillion annually. If an operation is running on a razor-thin fractional reserve basis, such step changes are often fatal.

It appears that a run on the bullion banks has commenced.

There is a cover-up of back-door injections of liquidity of physical gold, and the LBMA now is trying to conceal trading information.

There has been much debate about how investors, politicians, and regulators didn't see the 2008 financial crisis coming, and lack of transparency was cited as a key reason. Clearly those who have been manipulating the gold market are trying to skulk deeper into darkness. They have a lot to hide.

Investors could have been blindsided by the events of 2008, but anyone who misses the writing on the wall about what's going on in the bullion markets is just foolish. The bullion banks have sold far more metal than they can deliver, and more and more customers are asking them to deliver. This has led to back-door bailouts and cover-ups.

Anyone who has "unallocated" bullion should be very concerned. The LBMA itself describes owners of "unallocated bullion" accounts as "unsecured creditors." That means that the account holder has no collateral or title to any bullion.

Bullion bank unallocated account agreements require the bank only to settle in cash for non-performance. That means when the physical squeeze that is evolving takes gold and silver prices to multiples of the current price, holders of unallocated metal accounts will not get any bullion, nor will they be compensated at the prevailing market price.

I interpret the LBMA's move to secrecy as a sign that the opportunity to get real metal is closing fast.

I interpret the LBMA's move to secrecy as a sign that the opportunity to get real metal is closing fast.



1. Adrian Douglas: Proof of Gold Price suppression -- Gold and the U.S. Dollar:

2. Adrian Douglas: Price Suppression Follows Inevitably from Fractional-Reserve Gold Banking:

3. Adrian Douglas: It's Admitted to the CFTC: London Gold Market Is a Ponzi Scheme:

4. Adrian Douglas: Jeff Christian's CPM Group Explains How to Make Paper Gold:

5. The Grand LBMA Expose: A Collective-Mind Analysis:

6. Adrian Douglas: IMF Can't Explain Gold Sales Now Without Revealing Squeeze:

7. Adrian Douglas: Mysterious BIS Gold Swaps Are Likely a Bullion Bank Bailout:


Wednesday, July 21, 2010

Competing currency being accepted across Mid-Michigan Silver News

Interesting article about Precious Metals being used as an alternate medium of exchange (currency)

Sunday, July 4, 2010

Investing in Gold: Undervalued Silver Worth Investing in

Silver has long been a popular metal for investors in America. Many looking for metal investments like the prospects of silver over gold. Silver takes larger swings giving savvy speculators and traders more opportunities to cash in on the ups and downs. Many think that silver is undervalued compared to gold. To top it off silver always seems to have potential for a break out in industrial uses.

In the last year, silver has traded between $12.65 and $19.52 per ounce. In the last 10-plus years, the highest silver has been is $20.79, but there are many that feel silver is looking to go much higher. In 1980 silver reached nearly $50 an ounce on aggressive trading. That price was due to a speculator driven market. Although we are not likely to see that again, it does show how valuable the metal can become with trading pressure. And today many high level speculators are looking for silver to hit the $25 mark.

A ratio that many investors will use when talking about silver is 16 to 1, or the rarity of naturally occurring silver to gold (believed to be 16 ounces of silver for 1 ounce of gold). For many years silver was priced at 90 cents per ounce and gold at $20. Using this logic, one could value silver as one-sixteenth the price of gold. That would make silver about $75 with gold at $1200.

Obviously the investing world does not adhere to this ratio for rarity alone, but once again there is an argument that silver is being undervalued for its rarity at the moment.

One major reason for silver to increase is the industrial side of silver. For many years photography was the largest consumer of silver. Today the digital age has lessened that demand as we process fewer pictures (remember processing a roll of 24 exposures to only have about three prints be good, mine always seemed to be that way). Today by printing only the pictures you want, cuts the processing way down, and ink printing cuts it out altogether.

But with silver being much cheaper than gold, industries are always looking for ways to use silver instead of gold to become more cost effective. Imagine if every computer built required just one ounce of silver. One good application and the price of silver could double almost overnight.

Buying silver can be considered an investment as an alternative to gold or as a preference over gold. Either way silver has always been a popular choice, and speculators have more opportunities to catch swings in price.

Nevada has had a long rich history in silver and having our great state founded in silver gives us just one more reason to like it. In my article next week, I will address several ways to buy silver and the physical products available in today's market.

See Source

Tuesday, June 29, 2010

SILVER to $50 By 2012 Says Jim Turk

SILVER to $50 By 2012 Says Jim Turk

Sunday, June 20, 2010

U.S. Silver Eagle Sales Hit 24-Year Record Silver is Rapidly Becoming the Investment of Choice

Continuing financial uncertainty is quickly boosting silver's appeal as a precious metal. And as a result, the white metal is rapidly the investment of choice for those who recognize its traditional role as a safe haven asset.

GFMS Ltd. – the world's leading authority on precious metal markets – reported that silver investment increased by a whopping 184% to 137 million ounces in 2009 compared to the previous year. This was the highest level in the past two decades.

Sales of silver bullion coins increased by an impressive 21% to post a new record of 78.7 million ounces last year, mainly driven by a pop in retail demand in the United States.

Of particular note, demand for the U.S. Silver Eagle bullion coin reached record highs in 2009, with 28.7 million Eagles sold. Take a look:

For the month of May 2010, the U.S. Mint sold 3.6 million Silver Eagles — the highest monthly sales since 1986, worth approximately $67 million. May marks the third month so far in 2010 that Silver Eagle sales have topped 3 million units.

Silver is quickly becoming the preferred investment to safeguard against a fragile global economy. And as investment demand continues to grow, silver prices will march higher. The time to invest in silver is now.

See Source By Luke Burgess

Saturday, May 15, 2010

See All My New Blogs which are all specific and so may not appeal to a wider audience, VIEW PROFILE to see.

Pure Gold and Silver
Sydney Nature
Ounces of Silver
Casino Gaming Tokens
Base Metals Bullion
Cufflinks Collection
Cigarette and Post Cards
Sterling Silver Coins
Queen Victoria Coins
War Medals and Regalia
New Zealand Numismatics

Tuesday, May 11, 2010

All the latest Silver Investment news Physical Bullion

Substantial increase in Coeur gold production, drop in silver ounces May 11, 2010

TNG to exit Manbarrum Zinc-Lead-Silver Project May 11, 2010

India silver seen extending gains for fourth month May 10, 2010

JP Morgan's Alleged Manipulation of the Silver Market May 10, 2010

More Evidence of Silver Market Manipulation May 09, 2010

European Dealer Physical Gold Inventories Are Disappearing May 09, 2010

Robert Kiyosaki Silver May 08, 2010

Read all the News at GaleForceSales Silver News

Picasa Web Album of Silver Bullion and Numismatics Items Image Stream

Galeforcesales Picasa Image Stream

Find Silver Bullion and Numismatics at

Monday, May 10, 2010

Indian Arrow Tip Silver .999 Bullion Art Round Proof Strike 2010

Really like the design of this Indian Arrow Tip Silver .999 Bullion Art Round Proof Strike 2010. Comes encased in a custom foam snaptight as pictured.

Saturday, May 8, 2010

Casino gaming Tokens .999 Silver $10 Gaming Token - USA Silver Bullion

Images of my high grade slabbed Mint State Casino gaming Tokens .999 Silver $10 Gaming Token - USA Silver Bullion

See Galeforcesales faceboook page of $10 Casino Gaming tokens .999 Silver all slabbed and grade mint state

Thursday, May 6, 2010

Copper Bullion One Troy Ounce base Metals Bullion Moose, Guns, Train

Lots of interesting Copper Bullion One Troy Ounce coins coming out, one of lots base Metals Bullion coming out these days indicating in increase in demand.

These bullion coins are all one troy ounce .999 copper Moose, Guns, Train

Silver about to get Smashed? or Buyers Paradise?

All silver news at Galeforcesales Silver News

Sunday, May 2, 2010

USA Silver Morgan Dollars- Images of my highrr grade numismatic peices MS etc.

Collection of USA Silver Morgan Dollars, Numismatic items with around 28 grams of 90% fine silver. Have a face value of $1 but these days trade for the same as a one troy ounce silver .999 bullion peice give or take depending on condition and of course with major exceptions like the CC minted variaties which had far less mintage numbers so as such carry massive premiums.

See all images at Galeforcesales Silver USA Morgan Dollar Image Facebook page

Buy and read about items for sales at

Saturday, May 1, 2010

Galeforcesales Now on Facebook.. please add me as a friend. Heaps of Images

Galeforcesales Now is now on Facebook.. please add me as a friend. Heaps of Images of Bullion silver and base metals.. Also world numismastics. I have also set up a group for New Zealand Numismatics as thier was not one already. Will be adding to this incrementally as time allows.

Check out Galeforcesales facebook

Check out Galeforcesales website

Very nice India Rupee 1917 obverse king george v silver slabbed graded mint state

See images of this Very nice India Rupee 1917 obverse king george v silver slabbed & graded mint state

King George depicted maintaining full crown details with 8 clear pearls and all three diamonds in beautiful detail.

india half rupee 1899 obverse queen victoria silver slabbed toned graded mint state

india half rupee 1899 obverse queen victoria silver slabbed toned graded ms

Really nice coin,  proberbly my favourite out of my india collection. Obverse toning is something else.

Thursday, April 22, 2010

1876 Silver Rupee featuring Queen Victoria and a Lotus Blossoming, Incused . Variety. India Numismatics

India Rupee Images, I have taken photos of the best Rupee i have for each year and type since George IIII up to George VI. mainly Silver Rupees and Half, Quarter, Annas... Much much more at India Numismatics for a big image gallery and coins available for purchase also all world coins.

featuring Queen Victoria and a Lotus Blossoming, Incused "." Bombay Mint Variety

Wednesday, April 21, 2010

Interesting Bullion Troy Ounce .999 Tin, Nickel, Copper, Brass, Aluminium, silver etc

Interesting Bullion Troy Ounce .999 Tin, Nickel, Copper, Brass, Aluminium, silver etc

One Troy Ounce Brass Maple Leaf Bullion
One Troy Oz Aluminium Buffalo One Dollar Bullion
One Troy Ounce .999 Tin Elephant Bullion 
One Troy Oz .999 Nickel Bullion
One Troy Oz .999 Brass Bullion
1 troy oz .999 Fine copper One Dollar

.999 Fine Silver Grizzly Bear 2.5 grams

Monday, April 19, 2010

Large Silver Bullion Gallery at Massive Silver Resource Website

Large Silver Bullion Gallery at Massive Silver Resource Website

View the Image gallery HERE

Saturday, April 17, 2010

Nice 1903 Great Britain Half Penny Bronze Edward VII Numismatic

Nice 1903 Great Britain Half Penny Bronze Edward VII Numismatic Good Detail around gVF.

Lots of Numismatic Items at

Wednesday, April 14, 2010

War Medals British Commonwealth WWII Defence, 1939-1945 Star, France and Germany Star, Arfica Star

War Medals British Commonwealth WWII Defence, 1939-1945 Star, France and Germany Star, Arfica Star. Bornze Medals in Pristine lustre mint condition, silver medals in near mint condition.

WWII 1939-1945 Medal Obverse
WWII 1939-1945 Medal Reverse
WWII Defence Medal Obverse
WWII Defence Medal Reverse
WWII The Africa Star Obverse
WWII The 1939-1945 Star Obverse
                                                     WWII The Frnace and Germany Star Obverse

View for all War Medals and other assorted medals

Monday, April 12, 2010

Silver News April 2010, CFTC Gold and Silver Manipulation

April 2010 Silver News - See all April Silver News & More at
Metal$ are in the Pits - Trader Blows Whistle on Gold and Silver Manipulation Apr 12, 2010

Gold Set to Re-Test All Time High of USD 1,225 in Coming Weeks Apr 12, 2010

Andrew Maguire: the “King” interview Part II Apr 11, 2010
Media Blackout Broken – NY Post Covers JP Morgan Chase Gold & Silver Fraud Revealed By Andrew Maguire At GATA’s CFTC Testimony. Gold Vaults Empty? Apr 11, 2010
Andrew Maguire: the “King” Interview, Part I Apr 10, 2010
How Much Gold Reserves Really Exist In The Vaults? Apr 09, 2010
Silver Prices Set to Soar Apr 07, 2010
Strange Reactions To Precious Metals Manipulation Evidence Provided To CFTC Apr 07, 2010
Metals Market Manipulation Update: Are The Metals markets Rigged? Do Fish Swim?! Apr 06, 2010
Metals Market Manipulation Update Apr 05, 2010
American Silver Eagle Coins Rally in March, Capping U.S. Mint Quarterly Sales Record Apr 05, 2010
Silver Swings Bullish Apr 5, 2010

Gold And Silver Coins - A Wise Investment For A Safe Financial Future Apr 05, 2010
Manipulating Gold (GLD) and Silver (SLV): A Criminal Naked Short Position that Could Wreck the Economy Apr 02, 2010
The Silver Boom is Coming! Apr 02, 2010
International Forecaster - Gold, Silver, Economy + More Apr 1, 2010 for Silver News, Silver Bullion & Numismatics... s l o w y b u i l d i n g.

Sunday, April 4, 2010

Australia Pre Decimal Shilling Images posted on

Australia Pre Decimal Coin Shillings New Images have now been loaded onto

92.5% silver and 50% silver.

See all the Numismatic Australia Shillings

A good resource for international numismatic coin enthusiasts.

Sunday, March 21, 2010

Heaps of India Numismatics such as these High Grade Rupee

Come to for a full range of India Numismatics such as these Rupee.

Site still being developed so is coonstantly improving and haivng new images added

See Galeforcesales Numismatic India Rupee

See all India Numismatics at

Wednesday, March 17, 2010

New Silver Numismatics and Bullion at

More Silver Bullion and Numismatics world wide now available at