Read the Wednesday Afternoon Wrap-Up for 5/22/2013 and the Thursday Morning Commentary for 5/23/2013
There’s no surer sign of FRAUD than prices falling whilst supply is falling FASTER; and when it comes to PHYSICAL PMs, it should be painfully clear by now that the supply/demand balance is “tight as a drum” – for both silver…
“PEAK SILVER?”
…and gold; per last week’s RANT, “PHYSICAL VS. PAPER PMs – CASE CLOSED”…
However, even a term as ugly as “fraud” doesn’t do justice to what we have seen since the mid-January; when the Cartel went into ATTACK mode; just days after the U.S. Mint announced a 12-day suspension of Silver Eagles due to SHORTAGE…
US Mint Out Of Silver Coins – Suspends Sales – January 13, 2013
…amidst the STRONGEST-EVER U.S. retail demand…
|
Largest Monthly U.S. Mint Silver Eagle Sales
|
|
Month
|
Ounces
|
|
Jan-13
|
7,498,000*
|
|
Jan-11
|
6,422,000
|
|
Jan-12
|
6,107,000
|
|
Sep-11
|
4,460,500
|
|
Nov-10
|
4,260,000
|
|
Apr-13
|
4,087,000
|
|
May-13 (pace thru 5/13)
|
3,714,643
|
|
Aug-11
|
3,679,500
|
|
May-11
|
3,653,500
|
|
May-10
|
3,636,500
|
|
Jan-10
|
3,592,500
|
|
Jun-11
|
3,402,000
|
|
Mar-10
|
3,381,000
|
|
Feb-13
|
3,368,000
|
|
Mar-13
|
3,356,500
|
|
*Sales suspended 12-days due to shortage
|
SHORTAGE will be the END GAME for those aiming to PROTECT their assets…
…and after last month’s “ALTERNATIVE CURRENCIES DESTRUCTION,” we yet again saw it in “all its glory”; particularly in the Cartel’s “Achilles Heel” – PHYSICAL silver…
SHORTAGES eventually yield DEFAULTS; particularly in the corruption-tainted PAPER PM “industry”…
JPMorgan Accounts For 99.3% of COMEX Gold Sales in the Last Three Months – April 26, 2013
JPMorgan’s Eligible Gold plummets 65% in 24 Hours to All Time Low – April 25, 2013
…and after last month’s ATTACKS, nowhere were they more evident than in the world’s financial “crime capital”…
Maguire – LBMA Default Triggered Gold & Silver Takedown – April 15, 2013
Maguire- Elaborates on the LBMA Default & Ensuing Panic – April 22, 2013
However, such “chinks” in the Cartel’s armor are EVERYWHERE; as PHYSICAL PM demand is currently at its highest level EVER…
Gold Buying Frenzy continues: China, Japan, and Australia Scramble for Physical
India’s Response to the Gold Sell Off: A Massive Buying Frenzy
…and if ANYONE believes otherwise; they should recall January’s announcement that the Federal Reserve is DEFAULTING on Germany’s repatriation request – by telling them it will take seven years to delivery what should take no more than seven weeks…
German Bundesbank to Repatriate Gold from New York Fed – January 15, 2013
…let alone, March’s announcement that the Netherlands’ largest bank is DEFAULTING on PHYSICAL gold deliveries…
Another Gold Shortage? Dutch ABN to Halt Physical Gold Delivery – March 24, 2013
…and last week’s news that the Hong Kong Metals Exchange is DEFAULTING on gold futures contracts – via euphemistically titled “cash settlements”…
HKMEX to Cease Trading, will close out & Cash Settle Open Contracts Monday! – May 18, 2013!
They say “where there’s smoke, there’s fire”; and right now, I feel like the taste tester in a Marlboro factory…
Natalie Imbruglia – Smoke
