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What began as a promising month for the monetary metals has finished in a funk; the cartel's constant pressure has pushed the gold price down $100 since labor day with $1350 the most recent red-line. Silver is still almost free in the $22 range. This past week was especially frustrating, as reported at ZeroHedge, when it comes to gold it's Deja Deja Deja Vu ... "no news, no headlines, no technicals - just good old-fashioned $10 cliff-dives." On Wednesday the CFTC released the findings of their five year, 7000 hour, silver price suppression "probe" and found "no evidence of manipulation in the silver futures market." Big surprise. Obviously CFTC Director Bart Chilton was high on crack when he stated in 2010 that there had been "repeated attempts" to influence silver prices, and that "there have been fraudulent efforts to persuade and deviously control that price." Poor Bart spoke too much truth after hearing the GATA story many years ago -- it's likely that he and his tin-foil hat will now be retired to the CFTC records room and his comments memory-holed. This weekend we will hear about a looming US Government shutdown before an eleventh hour resolution by the central planners saves the world. Ctrl P will be their solution, again (until it isn't). My suggestion is that you take advantage of these artificial prices and exchange some of your paper assets for silver and gold bullion ... I'm here to help when you're ready. Cheers!
CFTC Silver Probe: See-no-Evil, Hear-no-Evil, Speak-no-Evil
When the world's largest commodity futures "regulator" releases the results of a five-year probe; one expects to see a detailed, thorough, and well-reasoned analysis. What we see instead is a pathetic exercise in pseudo-logic - which could have been written in its entirety in a single afternoon. "Shallow" cannot begin to describe the lack of depth in this probe.
The Smell of Collapse is in the Air - Part 2
David Stockman: "There is no honest pricing left at all anywhere in the world because central banks everywhere manipulate and rig the price of all financial assets. I think the political realities of the situation make the most likely scenario one in which there will be some kind of real financial collapse and disorder that will require a total reconstruction of the system."
Jim Willie: Hidden Panic at The US Fed
Two weeks ago, an extraordinary memo was received from a trusted colleague. It could be important in yet unknown ways. The USTBond market is broken, and the USDollar cannot be defended. The memo read as follows. "I spoke with an old banking friend of mine on Saturday who now works as an Executive Officer in the Regulatory Division of the Dallas Federal Reserve. The gist of the conversation was this. There was a panic teleconference among all of the Regional Federal Reserve banks on Thursday afternoon [Sept 5th]. The subject of this emergency teleconference was USTreasury Yields. The perilously low capital of the Federal Reserve was at issue in this meeting, and the fact that they could no longer afford to defend the USDollar at this point.
Cyprus-Style Wealth Confiscation Now The New Normal
As you will read about below, private pension funds were just raided by the government in Poland, and a "bail-in" is being organized for one of the largest banks in Italy. Unfortunately, this is just the beginning. The precedent that was set in Cyprus is being used as a template for establishing bail-in procedures in New Zealand, Canada and all over Europe.
Happy To Help ..
Now is NOT the time to be complacent. Those that have been right about this market (Sprott, Sinclair, Turk) believe that these recent paper price attacks were a signal that the coming financial hurricane is closer than ever, and that physical silver an gold ownership is an absolute necessity. We currently have a healthy supply of gold and silver products, in all shapes and sizes. Please contact me for the very best pricing and discreet, informed service.
Has America Been Set Up As History's Ultimate Bumbling Villain?
Our government's actions surrounding Syria, for instance, have made America appear not just bloodthirsty, but also ridiculous. The Obama Administration has taken us to the brink of World War III and left us there to stare out over the chasm. In the meantime, our economic system now survives solely on the whims of the Federal Reserve, a private central bank that answers to NO ONE, and writes fiscal policy without oversight. The government is not only seeking to trigger world war, it also wants to pay for that war with money we do not have, riding debts we cannot pay, to foreign creditors we will piss off in the process of unleashing our unfunded laser guided hell. Never has the U.S. been slathered in so much absurdity all at once. Now, we wear the mustache.
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Sovereign Exchange International Ltd.
Steven Merrill, President
www.sovereignize.net
phone:
778.835.7667
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Engage a Rich New Audience; Reconcile to your Private Account; Settle for Metal at Any Time. The Sovereign Exchange was founded by Steven Merrill and a small network of individuals from across British Columbia with a vision to embrace Austrian economic principles and provide a sound and stable payment facility than be trusted for commerce and used to store wealth.
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