|
|
Everybody
leaves the Beatles, whose strange songs are stuck in the memory of millions
of people. "Bang, bang,
Maxwell's silver
hammer,
came down upon her head. Bang, bang, Maxwell's silver hammer, made sure that she was dead."
Little did the legendary Beatles realize they were providing the theme song
for the linchpin of the USDollar in its lethal
slide into the dustbin of fiat currency history. The song might have referred to Blythe Masters
herself, the arrogant megalomaniac in wait, and the JPMorgan queen of ruin.
Silver
rules! Gold is the victor, but Silver takes the spoils! The little sister
shines! Central banks own no silver, nor do governments anymore. Industry
requires and consumes silver, but not gold. Mint coin sales have exploded to
record levels, and now struggle to continue amidst grotesque shortages. So on
a supply basis and on a demand basis, silver is the dominant metal. In the
last several months, Silver has shown its power and exerted its strong
dominance. It has led the precious metals move, an explosive one. Gold has
confirmed. Excuse the outline format, but the message is clear, offered
without the burden of details. In this case, at this time, the important
message is the firestorm of positive factors leading to a silver price
explosion. The Jackass is on a brief vacation in Central America where the
sun never stops shining. Apologies in last weekly article where mention was
made of a negative real rate of inflation. The error was blatant in a slip of
fingers. Given the price inflation of 8% in the USEconomy
and near 0% rate of short-term interest, the inflation adjusted real rate of
interest is negative. It is in the minus 7% to minus 9% range. That is a
primary jet fuel accelerant for the gold bull market, a factor overlooked by
the clueless cast of economist hacks!!
SILVER ON THE VERGE OF EXPLOSIVE MOVE
- prepare for
an explosive upward price move toward $40 this spring/summer
- a bullish
silver hammer was shown last week, with open & close at the weekly
high
- year end
price target is $50 per oz should be easy to achieve
- a flag
pennant pause pattern has been completed at the 28-31 range
- usually it
signals a half-way mark, so get ready for a move to 40 in next runup
- gains in
silver have tripled the gains of gold, as Jackass forecasted late last
summer
- do not be
surprised if in 2 to 3 years, the silver price exceeds $100 per oz
- latest
noontime reading was 34.90 per oz for silver, in breakout
GOLD FINALLY CONFIRMS BREAKOUT
- it was bound
to happen, and finally it did, confirming the silver breakout
- a rectangular
pattern was evident throughout the consolidation period
- gold has
shown a very different price pattern behavior consistently
- the entire
global monetary system is in ultra slow motion breakdown mode
- latest
noontime reading was 1440 per oz for gold, in breakout
GLOBAL SILVER SHORTAGES
- strong
industrial silver demand (not true of gold)
- absent
depleted USGovt stockpile from 1905 created by
Teddy Roosevelt
- fully 6
billion ounces of silver in stockpile has been exhausted for five years
- numerous
government mints around the world have announced no silver supply
- evident in
the futures contracts, in backwardation of varying degree
- expect
arbitrage in full force to continue to make backward price extreme
HUGE QE2 EFFECT ON COMMODITIES
- monetary
metals, industrial metals, energy, foodstuffs all rising fast in price
- silver being
accepted as monetary reserve, even as asset reserve
- Chinese Govt announced plans to diversify reserves into
silver
- India is the
first nation to begin a silver monetization plan
- early stage
of hyper price inflation in the global economic price structure
- inflation
adjusted real rate of interest is minus 7%, a primary gold market fuel
- denials by USFed Chairman Bernanke is its confirmation !!!
- Ben has a
nearly perfect track record of wrong analysis and conclusions
DEPLETION OF COMEX VAULTS
- demands for
delivery have been heavy since September
- secret supply
bailouts come from BIS and even the Holy See
- some sort of
March delivery climax event might be in progress
- China has
targeted the COMEX for delivery raids
- demand staved
off by COMEX cash delivery with 25% bribe (contract fraud)
- metals markets have no
silver !!
CHINESE PLOT TO CORNER SILVER MARKET
- China is
angry at a broken secret treaty over Favored Nation Status grant
- the USGovt sold the leased metal and cannot return it to
China
- China honored
its side of the agreement by purchasing USTreasury
Bonds
- China is
angry over the unilateral QE programs on US$ devaluation
- the
devaluation of the USDollar was done
unilaterally without agreement
- China is
angry over charges of currency manipulation by the USGovt
- the grand
currency manipulator in gross violation is the USGovt
& USFed
- China senses
an exposed jugular vein, and is using Sun Tzu war tactics
GIGANTIC USMINT SILVER DEMAND
- January coin
sales were more than 2x the demand in previous months
- mint coin
sales are setting records not seen in 20 years
- the USMint is purchasing silver from the open market
SPROTT FUND CHALLENGE TO SOURCE SILVER
- the fund
required over three months to secure the entire supply of bullion
- its manager
reports of extremely tight silver market, no loose supply
- James Turk
echoes the shortage claim, from his GoldMoney
vantage point
MINING FIRMS BYPASS COMEX
- the mining
firms are not given a fair price by the metals exchanges
- they are
selling to the more honest investment funds, as metal source
- the funds
might strangle the official corrupted COMEX on supply cutoff
SLV SUPPLYING COMEX TO MEET DEMAND
- SLV stock
shares used to offset naked shorts of futures contracts
- back door to
fraud written in their fund prospectus, in careful language
- 129 million
oz originally came from Warren Buffett, the great deception
- prepare for a
gigantic lawsuit from defrauded investors in late 2011 or 2012
- penalty in
negative 2% SLV price premium, which is heading to minus 25%
- in time, the
SLV fund will own zero metal
Jim Willie CB
Home
: Golden Jackass website
Subscribe:
Hat Trick Letter
Jim
Willie CB is the editor of the “HAT TRICK LETTER”
Use the above link to
subscribe to the paid research reports, which include coverage of several smallcap companies positioned to rise during the ongoing
panicky attempt to sustain an unsustainable system burdened by numerous
imbalances aggravated by global village forces. An
historically unprecedented mess has been created by compromised central
bankers and inept economic advisors, whose interference has irreversibly
altered and damaged the world financial system, urgently pushed after the
removed anchor of money to gold. Analysis features Gold, Crude Oil, USDollar, Treasury bonds, and inter-market dynamics with
the US Economy and US
Federal Reserve monetary policy.
THE
HAT TRICK LETTER PROFITS IN THE CURRENT CRISIS.
From subscribers and readers:
At least 30 recently on correct
forecasts regarding the bailout parade, numerous nationalization deals such
as for Fannie Mae and the grand Mortgage Rescue.
"As for your financial and
economic analysis, I appreciate your contemptuous style and how you
bring facts and commentary to your readers before most of the alternative
media and light years ahead of the mainstream press. You are a beacon in a
dangerous storm."
(DanC
in Washington)
"You have the unique ability
to sift through the mountains of disparate economic data and hearsay and
weave them into a coherent compelling storyline. The amount of unbiased
factual information you provide is unparalleled in the industry (and
desperately needed in these scary times). I love your no holds barred
approach to dealing with the narrow minded purveyors of dis-information
in the industry."
(BobA
in North Carolina)
"I think that your newsletter
is brilliant. It will also be an excellent chronicle of these times for
future researchers."
(PeterC
in England)
|
|
