SCHWER-Gewichte in SILBER

http://www.scribd.com/mobile/doc/65207178

short comments:
Every now and then we receive questions about JP Morgan and the allegations that the company suppresses the price of silver. In our Q&A section we answered some of those concerns by replying to a question about JP Morgan and silver manipulation. In that answer we wrote the following:

Despite a (…) lawsuit accusing JPMorgan and HBSC of jointly controlling “ over 85 percent of commercial net short positions ”, a position inherited mainly from the liquidated Bear Stearns business, the CFTC seems inclined to drop any case it has against JPMorgan , making this the third case in a row that has not found proof of wrongdoing.

This actually happened last year and the CFTC didn’t find any substantial evidence of foul play on the part of JP Morgan after leaving out HSBC from the case.

Additionally, a group of 44 plaintiffs submitted to the U.S. District Court for the Southern District of New York a class-action complaint accusing JP Morgan of the manipulation of the silver market. This lawsuit was turned down by Judge Robert P. Patterson Jr. on December 21, 2012.

The complaint itself claimed JP Morgan had “combined, conspired and agreed to restrain trade in, fix and manipulate prices of silver futures and options contracts” and that it had “intentionally acted to manipulate prices of COMEX silver futures and options contracts.” (http://www.scribd.com/doc/65207178/...lidated-Class-Action-Complaint) This would have been done primarily through an enormous short position inherited from Bear Sterns. Supposedly, “JP Morgan frequently held 24-32% of the open interest in all COMEX silver futures short contracts (…) trading.”

The plaintiffs mentioned numerous cases when, in their opinion, JP Morgan had intentionally influenced the price of silver, particularly had caused substantial sell offs. The supposed manipulation would have caused significant losses on the part of the plaintiffs, particularly because of the depreciation in silver and because of margin calls which forced investors to close off their long positions.

The overall period during which the alleged manipulation would have taken place was on “June 26, 2007 and between March 17, 2008 and October 27, 2010.” The suit mentions dates of sudden price drops, such as June 19, 2008, June 24-25, 2008, May 17-18, 2009, June 9-10, 2009 and many more.

In spite of the level of detail presented in the listing of supposed manipulative actions, the case was rejected by Judge Patterson as one providing only “conclusory allegations.” This basically means that the plaintiffs presented possible situations of manipulation in the silver market but did not provide substantial evidence that the manipulation in fact had taken place.

As there is no precise definition for price manipulation within the U.S. legal system, the courts usually refer to a 4-step test in order to determine whether any manipulation has in fact taken place. In these 4 steps the court checks if:

The Defendant has the ability to influence prices.
They display intent to do so.
There is an “artificial” price other than the price that would have been set without manipulation.
The Defendant is the cause or one of the causes of that “artificial” price.

In our specific case, for Judge Patterson to consider JP Morgan a manipulator in the silver market, it would take several undisputable facts. The first point about the ability to drive prices one way or another is a relatively easy one to prove. With the abovementioned 24-32% of the silver futures short contracts under their control, it seems like there is a good possibility that JP Morgan is able to put pressure on silver prices whenever it wants to. Actually, this point was not disputed by the representatives of the bank – they didn’t contend the fact that JP Morgan has a position large enough to shake the market.

What they did contend, however, was the intent to suppress prices. And the plaintiffs’ complaint didn’t provide any facts which would prove otherwise. The intent part can be actually quite hard to prove. The lawsuit cited JP Morgan traders bragging about their possibility to control the market and success in doing so. The main problem here is that the suit was formulated in a general way and didn’t supply any concrete situations in which it could be established that person X from JP Morgan phoned person Y from JP Morgan and said “Hi, X, I just rigged the market.” This is exaggerated a little bit, but without such a “smoking gun”, or at least a loaded one, the claims that the traders were boasting about their ability to suppress the market boil down to one magic word. Hearsay. Which is not admissible in court.

Now, let us break it down for you into two pictures: the one seen by the plaintiffs and the one examined by court. The plaintiffs identified situations in which silver prices behaved “strangely,” mostly situations in which silver dropped significantly without any apparent reason. Then they looked at the market players and found out that JP Morgan is the biggest on the short side of the market. Up to that moment, the analysis is correct but the next point is flawed from the legal point of view. Namely, the plaintiffs came to the conclusion that JP Morgan had to be involved in those “strange” depreciations, mainly based on rumors circulating among precious metals investors.

The court saw the “strange” price patterns, but they didn’t provide any proof of market manipulation – markets can both appreciate and depreciate strongly without manipulative activities. Judge Patterson acknowledged that JP Morgan had the ability to influence the market but the most important part, the intent, was clearly unsubstantiated.

So, it would take an important witness to change the outcome of such a case. Someone who actually saw the manipulation taking place (if any manipulation was taking place), not just a person who overheard some bits and pieces from a different department within the bank.

Then, if any manipulation is taking place in the silver market, it would probably take an insider from one of the institutions involved in such alleged manipulative activities to speak. What is very important here is the fact that accounts of people connected to the silver market but not directly able to witness any supposed wrongdoing wouldn’t count. So, complaints of whistleblowers who, based on their market knowledge and experience, believe that the market is manipulated, just as Andrew Maguire did, don’t amount to much in court.

Since both the CFTC and the court have dropped their cases against JP Morgan, the company has been legally freed of any accusations. There is no conclusive proof linking any actions of JP Morgan to price behavior in the market, no matter how regular price patterns resulting in silver depreciation might seem.

Is silver price manipulated? It might be, but given that it would be so difficult to prove it, that is not the right question to ask in our view. The correction question would be if anything can be done to make sure that you make money on your silver investments whether silver is manipulated or not. The answer to this important question is yes, it can be achieved thanks to diversification of strategies (you will find details in our gold portfolio report) and keeping at least part of one’s silver holdings in the physical form.

In such a situation when there are lots of rumors circling around but no conclusive evidence, it might be best to analyze the data for yourself. We actually did that during the development phase of one of our soon-to-be-released investment tools, True Seasonals. Our results suggest that there are depreciation patterns around the expiration dates of derivatives. Because of that, regardless of the fact if any manipulation is taking place in the market or not, it’s best to remain particularly cautious about your trading activities on the expiration of gold and silver futures and options.  

 

http://www.washingtonsblog.com/2013/02/...e-slippery-slope-again.html  

Asked what kind of change is needed, he said, that "Germany needs to realise that the policy it impose on the euroarea - the austerity programme - is counter-productive. It cannot actually succeed. At the moment they [the South] is being pushed - unwittingly, not with bad intentions, but the effect is that they are being pushed into a long lasting depression and that is what is happening to Europe. And it may last more than a decade, in fact it could become permanent, until the pain is so big that eventually there may be a rebellion, a rejection of the EU, and that would then be the destruction of the EU, which is a terribly heavy price to maintain to preserve the euro, which is meant to be just a servant of the EU."

On whether the euro will survive, he said, "It could last quite a long time, the same way as the Soviet Union, which was a very bad arrangement, lasted for 70 years. However, I think that eventually, it is bound to break up the European Union. The longer it will take, and it may take generations, those will be lost in terms of political freedom and economic prosperity. The solution is to me a terrible tragedy for the EU. And it΄s happening to the most developed open society in the world. To me it΄s a terrible tragedy. It doesn΄t have villains, because I don΄t think that Germany is doing it with bad intentions but its happening out of a lack of understanding of very complex problems."  

In den vergangenen Wochen hat sich der Gold-Future in einer engen Handelsspanne um seine 200-Tages-
Linie (akt. bei 1.664 USD) bewegt. Dabei läuft der Preis für das Edelmetall nun aber zunehmend in eine
Entscheidungssituation in Form eines symmetrischen Dreiecks hinein. Während auf der Oberseite der
Abwärtstrend seit Oktober 2012 (akt. bei 1.697 USD) die entscheidende Hürde darstellt, fungiert der
Haussetrend seit Mai des vergangenen Jahres (akt. bei 1.641 USD) als wichtige Unterstützungsmarke.
Anleger sollten einen Ausbruch aus dem angeführten Dreieck prozyklisch begleiten, legt eine solche
Entwicklung doch eine Dynamisierung der Bewegung nahe. Gelingt der Ausbruch nach oben, rückt das
Jahreshoch 2012 bei 1.795 USD wieder ins Visier, muss die Unterseite preisgegeben werden, droht ein
Wiedersehen mit dem Julitief von 2011 bei 1.478 USD. Die technischen Indikatoren präferieren derzeit
die positive Variante und haben in Form des Stochastik ein neues Kaufsignal ausgeprägt. In den kommenden
Wochen sind daher weitere Kursgewinne ein durchaus realistisches Szenario.
http://www.ariva.de/forum/...ilungsfrage-472111?page=130#jump15199543  

 

 

 

bzw. aktueller denn je. wenn man aktuelle ereignisse des währungskrieg, beginnende geldentwertung in unterschiedlichen staaten berücksichtigt, bekommt die aussage mit dem fiat currency experiment tatsächlich akute bedeutung, die auf die beschriebene silberentwicklung folgerichtige schlüsse zulässt. mein sonntags lesetip aus den archiven:

Next 10 Bagger ! Here's Why
Gold:Silver Ratio

How both gold and silver perform, in and of themselves, does not tell the complete picture by a long shot, however. More important is the price relationship – the correlation – of one to the other over time, the gold:silver ratio. Based on silver’s historical correlation r-square with gold of approximately 90 – 95% silver’s daily trading action almost always mirrors, and usually amplifies, underlying moves in gold.

With significant increases in the price of gold expected over the next few years even greater increases are anticipated in silver’s price movement in the months and years to come because silver is currently seriously undervalued relative to gold as the following historical relationships attest.

Let’s look at the gold:silver ratio from several different perspectives:
¦In the last 25 years (since 1985) the mean gold:silver ratio has been 45.7:1 and is currently approx. 51.6:1
¦During the build-up to the parabolic blow-off in 1979/80 the ratio dropped from 38:1 in January 1979 to 13.99:1 at the parabolic peak for both metals in January, 1980.
¦Were the % increases in gold and silver during the 1970s parabolic phase (289.3% and 732.5% respectively) applied to the 2010 year-end prices of gold and silver ( $1,420.70 per ozt. and $30.84 per ozt. respectively) the resultant prices for gold and silver of $5,530.79 per ozt. and $256.74 per ozt. respectively would equate to a 21.5:1 silver to gold ratio.
¦Were the same % increases applied to the mid-July 2011 closing prices of gold and silver of approx. $1,600 per ozt. and $40 per ozt. respectively, the resultant prices for gold and silver of $6,228.80 per ozt. and $333.33 per ozt. respectively would equate to a 18.7:1 silver to gold ratio.

Let’s now look at the various price levels for gold and the various gold:silver ratios mentioned above one by one and see what conclusions we can draw.

First let’s use the current ball-park price of $1,650 for gold and apply the various gold:silver ratios mentioned above in approximate terms and see what they do for the potential % increase in, and price of, silver.

Silver’s Potential Price Range With Gold At $1,650

Gold @ $1,650 using the year-end 47:1 gold:silver ratio puts silver at $35.10
Gold @ $1,650 using the above mentioned 21.5:1 gold:silver ratio puts silver at $76.74
Gold @ $1,650 using the above 13.99:1 gold:silver ratio puts silver at $117.94

Now let’s apply the projected potential parabolic peaks of $3,000, $5,000 and $10,000 to the various gold:silver ratios and see what they suggest is the parabolic top for silver.

Silver’s Potential Price Range With Gold At $3,000

a) Gold @ $3,000 using the gold:silver ratio of 47:1 puts silver at $63.83
b) Gold @ $3,000 using the gold:silver ratio of 22:1 puts silver at $136.36
c) Gold @ $3,000 using the gold:silver ratio of 14:1 puts silver at $ 214.29

The above analyses bears closer scrutiny. In paragraph seven above it was noted that “During the last parabolic phase for silver in 1979/80 it increased 732.5% in just over one year. Such a percentage increase from the Dec.31, 2010 price of $30.84 per ozt. would represent a future parabolic top price of $256.74 per ozt.” That price is only slightly higher than the $214.29 per ozt. that would result from a 14:1 gold:silver ratio with gold at $3,000 per ozt.

Furthermore, as can be seen below, the $227.27 that would result from a lesser 22:1 gold:silver ratio with gold at $5,000 per ozt., and the $212.77 that would result with gold at $10,000 per ozt., strongly suggest that a future price for silver at over $200 is well within the realm of possibility.

Silver’s Price Range With Gold at $5,000

a) Gold @ $5,000 using the gold:silver ratio of 47.1 puts silver at $106.38
b) Gold @ $5,000 using the gold:silver ratio of 22:1 puts silver at $227.27
c) Gold @ $5,000 using the gold:silver ratio of 14:1 puts silver at $357.14

Silver’s Price Range With Gold at $10,000

a) Gold @ $10,000 using the gold:silver ratio of 47:1 puts silver at $212.77
b) Gold @ $10,000 using the gold:silver ratio of 22:1 puts silver at $454.55
c) Gold @ $10,000 using the gold:silver ratio of 14:1 puts silver at $714.29

It would appear that, any way we look at it, physical silver is currently undervalued compared to gold bullion and is in position to generate substantially greater returns than investing in gold bullion.

Gold:Silver Ratio Conclusion

History will look back at the artificially high gold:silver ratio of the past century as an anomaly caused by the world being deceived into believing that fiat currencies are real money, when in fact they are all an illusion. This fiat currency experiment will end badly in a currency crisis and when that happens, as it surely will, gold will go parabolic and silver along with it - but even more so as the gold:silver ratio adjusts itself to a more historical correlation.

The wealthiest people in the future will be those who put 10% to 15% [3] (or perhaps more – much more!) of their portfolio dollars into physical silver today and were smart enough to research and pick the best silver mining/royalty stocks and warrants (see article here [4]) to leverage/maximize their returns. For those who are not exactly sure how to go about buying long-term warrants go here (5).

Indeed, while gold’s meteoric rise still has room to run, silver’s run is only getting started. Certainly, if the historical gold:silver ratios are any indication, it appears evident that now is the time to buy silver with the intent of realizing a 10-fold return.

*
http://www.munknee.com/2011/10/...ext-10-bagger-investment-heres-why/  

Many traders, speculators, and investors focus on the gold/silver price ratio in determining which metal is under or overvalued. In recent weeks and months the ratio has collapsed from above 65:1, down to a current low of around 36:1. Throughout the twentieth century, the gold/silver price ratio went to nearly 100:1, occasionally dipped below 30:1, and only briefly hit a ratio of 17:1 in 1980. But few seem to question how misleading this ratio may be, let alone question why the ratio matters for a monetary system that (for the time being at least) is no longer based on gold and silver.

Gold/Silver Ratio as a Relic from Bygone (for now) Monetary System

First off, a quick review of where the interest in the gold/silver ratio comes from. When governments and their people used gold and silver as a medium of exchange, the official mint would dictate at what ratio they would coin gold and silver. In the case of the “American Act for Establishing a Mint” in 1792, all private persons had the right to have bullion coined at “the legal ratios.” The ratio was set by the U.S. government under the direction of the Secretary of Treasury Alexander Hamilton at 15 ounces of silver for every one ounce of gold, often expressed as a gold/silver ratio of 15:1. This relative value had been present in Europe more or less since the late 1500s, when large amounts of silver had flooded into Europe from the huge discoveries made by Spain in Mexico and Peru (which are still the two largest sources of silver today.) This ratio was supposed to be a reflection of the commercial value of gold and silver on the market in Europe—or the proportional value of the two metals in western trade. The European gold/silver ratio of 15:1 was much higher in gold’s favor than in India, parts of Africa, or East Asia, where gold/silver ratios were reported (in isolated cases) as low as 1:1, and generally stayed well below 10:1. Of course, the fixed Anglo-European ratio got out of whack with the market ratio, which is part of the problem with fixed bimetallic systems, but that is another story.

Gold/Silver Price Ratio Is Distorted by Government Bias against Silver

Over the course of the nineteenth century, for various reasons, gold was increasingly favored first by European nations, then by the United States, supposedly as a more stable monetary asset due to its rarity. The prejudice in favor of gold and against silver was due to many reasons, but the bottom line is that silver began to be demonetized in the late 19th century. This demonetization only accelerated throughout the twentieth century as countries from China to the U.S banished their silver from currency circulation. It also did not help matters that huge new discoveries of silver in places like the American West dumped ever more silver on the market. Yet without governments getting rid of silver stockpiles, or refusing to coin new silver bullion at the mint, the monetary demand for silver would not have dropped to as great a degree as it did. Governments took part in a campaign to demolish the monetary value of silver, really, and this cultural legacy has left its scars on the importance of silver as an investment. By the early twentieth century, the value of silver was nearing 100 ounces to 1 ounce of gold, the lowest in history. Yet, the mine production of silver was not 100 times that of gold, nor was the relative abundance of silver money 100 times that of gold.

You should note, then, that the prejudice of the official sector (governments and mints) in the US and Europe has played a factor in the widening of the gold/silver ratio away from 15 to 1, to anywhere from 35: 1 up to 100:1. The dumping of silver on the market by government continued right up until a few years ago. Between 1965 and 2000 governments sold over 3 billion ounces of silver, versus roughly 150 million ounces of gold over the same time period. Moreover, another billion or so ounces of silver was consumed by industry, as opposed to private gold stockpiles actually increasing. The official sector, beginning in late 2009, has begun to buy back some of this gold. They have not begun to do the same with silver. Should we be wondering when they might start?

Keeping with the issue of official sales, governments at present only hold at most 60 million ounces of silver, as compared with 1 billion ounces of gold. Among those who run our world, silver is now far rarer than gold.

With Silver, the Ants (Investors) Will Carry Away the Banks’ Picnic Basket

Given that the official sector can’t dump any more silver on the market, this dramatically increases the importance of the individual investor in the silver market. It means that the vast majority of silver bullion in the world is held by investors. This is quite different from the last silver bull market, where official exchanges and governments stood ready to release several hundred million ounces for consumption.

But just because average investors are the ones who hold most of the silver in the world, please do not take this to mean that there is widespread ownership of silver among retail investors! In fact, up until recently, most people who bought precious metals only bought gold. During the decade from 2000 to 2010, the dollar amounts invested in gold far outstripped those invested in silver. Yet in the past few months something has begun to change.

So far in 2011, dollar demand for Silver Eagles has been nearly equal to that of gold. Inflows into the iShares Silver Trust (SLV) have been greater than inflows into the GLD ETF, and Eric Sprott, of Sprott Asset management has similarly reported that investors are buying more silver from him in dollar terms than gold. Additionally, James Turk of GoldMoney is reporting silver sales near gold in dollar terms. These statements, like them or not, mean that in terms of investor interest the gold to silver ratio is 1 to 1. Since there is less silver above ground than gold, it really means that the gold to silver price ratio should be in silver’s favor.  

 

zu lesen ist.
Je mehr drüber geschriebn wird, desto unwahrscheinlicher wird es.
Die wahren tenbagger lauern ganz woanders...................
nämlich dort wo noch keiner hingeschaut hat und wer den Mut hat, jetzt schon dort einzusteigen.  Denn wenn er/sie erst einsteigt, wenn die Magazine und Internet-Helden darüber schreiben, wird es kein tenbagger mehr, sondern nur ein minibagger, da schon zu viele eingestiegen sind, die die Werbetrommel dafür rühren.

Nur meine Meinung und gemachte Erfahrung.

 

http://ntdtv.org/en/news/china/2013-02-11/...vements-signal-war-.html

Tanks, one by one, moving along a main road in China’s coastal Fujian province. Driving up speculations that the Chinese military may be warming up for war. 

Local residents took these pictures between February 3 to February 6. At times, the line of tanks and artillery blocked traffic for several miles. 

And it wasn’t just in Fujian province. These military vehicles were spotted further up the coast, in neighboring  Zhejiang province. According to dissident website, molihua.org, these tanks in Hubei province are being transported from a military base to the coast.

The troop movements come after months of escalating tensions between China and Japan over the disputed territory of the Diaoyun, or Senkaku islands and they’re known in Japan. It’s caused international worries that the two countries may be on the cusp of war. Both sides have scrambled jets and warships in the region. In January, during naval exercise near the disputed waters, Chinese warships reportedly directed their targeting radar at a Japanese vessel. 

On February 7, State-run Global Times published this article saying there is a “serious possibility” a military conflict may flare up between China and Japan. It continues to say that fewer and fewer people are hopeful for a peaceful resolution to the Diaoyu Island crisis. 

Are we in a countdown to war between China and Japan? NTD will continue to keep you posted as the situation develops.   

http://www.caseyresearch.com/cdd/bipolar-silver-how-profit
mit silber special  

"Like Lambs To Slaughter," Observations On The Real Lessons Of Keynes"

From the management of a global currency war to the 1998 Committee to Save The World, QBAMCO provides an all encompassing escape into the reality our current - and future - monetary (and inflationary) world. While Brodsky and Quaintance do not expect a breakdown in global monetary oversight, they do expect fiat currency debasement to continue to mask the driver of real economic malaise and contraction - global bank deleveraging; and they do expect this process to lead to a popular loss of confidence in today’s major currencies as savings instruments – perhaps beginning in the global capital markets in 2013.



The big macro questions:

Will global central banks raise rates, withdraw bank reserves or tighten credit policies in any way before the global economy experiences significant price inflation? No.



Will they continue threatening to tighten? Probably.



Will they continue to de-lever bank balance sheets via bank reserve creation? Absolutely.



Will global central banks continue to be significant net purchasers of physical gold in 2013 and beyond? Bank on it.



Will big global wealth holders convert increasing amounts of fiat currency into physical precious metals, resources and other beneficiaries of global price inflation? Highly likely.



Will Western financial asset allocators figure out what all this implies for stocks and bonds in 2013? We think so, probably after a significantly higher-than-expected CPI print.



Higher global goods and service inflation is a tail event currently unforeseen by the great majority of investors and unexpressed, or expressed improperly, in the great majority of investment portfolios. And yet we see it as a lock, perhaps asserting itself in 2013.



February marks QBAMCO’s sixth anniversary and we are grateful for the interest our views have generated. This piece addresses the following issues:

Currency War – Theory & Practice: We argue one should not necessarily mistake rotating currency devaluations presently for the threat of a belligerent global currency war. Monetary authorities are likely to continue managing the timing and magnitude of discrete, coordinated relative currency weakness so that the appearance of a stable global monetary system remains intact.



Cause for Concern: While we do not expect a breakdown in global monetary oversight, we do expect fiat currency debasement to continue to mask the driver of real economic malaise and contraction – global bank de-levering; and we do expect this process to lead to a popular loss of confidence in today’s major currencies as savings instruments – perhaps beginning in the global capital markets in 2013.



Lambs to Slaughter: We do not expect an overt crash in global stock, bond and real estate markets, or one that would last very long. They are already crashing in real terms and there is a well-structured mechanism in place to support nominal pricing. Any future flight of public sponsorship would be met with central bank credit support working through bank intermediaries. For those not part of the support mechanism, however, the monetary market put does not necessarily argue in favor of investing broadly in implicitly levered financial markets.



The 1998 Committee to Save the World & Centralize Global Economic Control (and their Legacy Beards): We think the smart play is to bet with these guys and the power of their institutions.



Reasonable Contrarianism: The pain of holding an inflationary bias over the last six years has been intense, and the pain has only increased exponentially over the last two years. The good news is that we believe for the first time there are important macroeconomic events signaling a fundamental shift in the global monetary system is finally approaching. We expect discussion of Fed, ECB and BOE inflation and/or nominal GDP targeting to become louder and more frequent in 2013, and we expect markets to begin adjusting asset prices accordingly.



The Pain Trade: All the Sturm and Drang in the financial press about a revival of the US housing market is bologna. We provide a short idea.



Bad Science: On February 1, a large multinational bank published a report that called the end of the bull market in gold, claiming; “the 2011 high will prove to have been the peak for the USD gold price in this cycle.” While no one knows the future and the dollar price of gold may rise or fall, we are quite certain gold’s future path will have nothing to do with the arguments included in this report. Sadly, it was a case study in false identities leading to wayward causations and, in our view, a diametrically wrong conclusion.



The True Lesson of JMK: The most important takeaway from John Maynard Keynes many views is that sometimes change for change’s sake is necessary to jumpstart popular confidence.  

Eric Sprott - Expect $200 Silver As Financial System Implodes

Professor Kotlikoff suggested the known, future liabilities are $220 trillion.  When you reference those numbers against a GDP of $16 trillion, it’s obvious that the obligations can’t be ...

To hear what billionaire Eric Sprott & Rick Rule are doing with their own
money and which $10 billion company John Embry &
Dr. Marc Faber oversee click on the logo:


“We’ve seen with various countries when they’ve had to impose austerity, had to cut pension payments, cut civil service salaries, and I’m using Greece and Spain as my two examples, you immediately had unemployment go to 25%.  You had retail sales fall by double-digits.  I think that has to happen.

We have all of these obligations that have never been funded, and the time is coming when the money is going to start going out the door.  I’m just not a believer in the sustainability of the economy when I look at those numbers.”

Eric King:  “When you throw numbers like that around, Eric, what about the sustainability of the financial system?”

Sprott:  “There is an impact.  If people someday have to face the fact that they are not going to receive a pension, or some benefit they are receiving the amount is going to be cut, you cause a serious economic slowdown.  This then impacts everything financial because the ability to pay the debts off is diminished because everyone’s income is down.

I’ve always worried about the leverage in the financial system.  It will come to pass.  There is no doubt that the path we’re on is not sustainable both for the economy, and for the financial system.”

Eric King:  “Eric, we have to bring up silver as well for the silver bulls.  Your thoughts on that market?”

Sprott:  “I’m quite impressed by the (US) Mint sales in January, even though they only sold it for about half the month.  It’s obvious from all of the discussions here from various coin dealers that demand is very brisk.

The beauty of silver of course is there is not much inventory in the world.  The buying at the Mint, as a proxy, suggests that people are putting as many dollars into silver as they are putting into gold.  So they are buying 50 times more silver than gold.

The piece we did a couple of months ago suggested that for investment purposes you can only buy about 3 times more physical silver than gold.  Well, if you are buying it at 50 to 1, and I see it in our Trust issues that we have, we’re buying 50 times more silver which is an absolute impossibility (to sustain), I think silver will by far outperform gold.  And needless to say I’m incredibly bullish on gold, so I’m sure we’ll be seeing $100 and $200 prices for silver.”

Eric Sprott’s audio interview is available now and you can listen to it by CLICKING HERE.

***Important Notice - King World News Responds To Attack On Its Internet Site

Powerful entities do not want our global audience to have access to the material that King World News provides.  Each time KWN releases an interview from certain key sources, our internet site is attacked.  This is the war that King World News has been fighting behind the scenes on the Internet.  

At this time I have decided to break my silence on this subject because of concerns that the latest events could be part of a much broader effort to suppress content on the Internet.  The Internet must remain a place for free speech and free inquiry, let's hope it stays that way.

KWN is protected by the top company in the world in this area and they now have us online with no malware and no problems.  If you have been to the KWN Internet site in the past 48 hours, please erase the cookies and cache in your Internet browser and start fresh.

We have two incredible interviews with Eric Sprott and Art Cashin on King World News this weekend.  

From all of us at King World News we would like to thank all of the readers and listeners for their patience, and the many sites around the world that reached out to assist KWN.  With your help we fight on.

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The interviews with Eric Sprott, Art Cashin, Michael Pento, MEP Nigel Farage, and Michael Belkin are available now.  Also, be sure to listen to the other recent KWN interviews which included James Dines, William Kaye, John Embry, Jean-Marie Eveillard, Rick Rule, Pierre Lassonde, Gerald Celente, and John Hathaway by CLICKING HERE.

Eric King
KingWorldNews.com
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Eric Sprott - Expect $200 Silver As Financial System Implodes

Today billionaire Eric Sprott told King World News, “I’m sure we’ll be seeing $100 and $200 prices for silver.”  Sprott also said that despite the advance in global stock markets, “There is no doubt that the path we’re on is not sustainable both for the economy, and for the financial system.”

Here is what Sprott had to say:  “We had a negative print on GDP in the 4th quarter.  The fact is I think we are on shaky ground.  The shakiest part of the ground is the new numbers put out by the Department of the Treasury showing under GAAP what the true deficit was last year.
READ MORE:
http://kingworldnews.com/kingworldnews/...ancial_System_Implodes.html  

AND zum schmökern:

http://www.forbes.com/sites/gordonchang/2013/02/...obal-currency-war/

LINKS FOR METAL SURFERS / inflation&silber
http://news.goldseek.com/GoldSeek/1360682721.php

:(( wallstreet übernimmt kontrolle
http://www.testosteronepit.com/home/2013/2/11/...r-its-regulator.html  

A week ago we noted something peculiar: in one day, COMEX depository Scotia Mocatta (one of five in the world) saw a 25% transfer of silver from "registered" (or deliverable physical) to "eligible" (or "undefined" - a distinction discussed previously, and also below:….And while last week it was Scotia Mocatta, today it is HSBC and the Delaware Depository, and the reason given: "Adjustments include reporting classifications of t oz that were moved from Registered to Eligible. Please see Special Executive Report reference 5736 for additional information. http://www.cmegroup.com/tools-information/advisorySearch.html#."

The CME’s Detailed explanation goes like this:

A correction to the COMEX Metal Depository Statistics Stock Reports published on April 27, 2011, has been made to reflect a change in the reporting of metal from the Registered category to the Eligible category. This change reflects paper warrants that have yet to be converted to electronic form. The metal represented by these paper warrants, which will now be reported in the Eligible category, will continue to remain eligible for delivery against COMEX futures contracts provided holders of the paper warrants convert them to electronic form.

Exchange metal reported in the Registered category represents troy ounces of metal that meet the contract specifications as defined in the Exchange Rules for which an electronic warrant has been issued.

Exchange metal reported in the Eligible category represents troy ounces of metal that meet the contract specifications as defined in the Exchange Rules for which an electronic warrant has not been issued.

They go on to cite SilverAxis in describing what Eligible vs. Registered means

And as a reminder for those unfamiliar, here is a distinction between "registered" (real) and "eligible" (somewhat "questionable"), courtesy of SilverAxis

For those who aren’t familiar with the terminology, the registered category of COMEX warehouse bullion stocks generally refers to gold and silver bars against which COMEX warehouse receipts are outstanding. The COMEX publishes these stocks on a daily basis and they can be found here: Silver | Gold. The registered category is the total pool of gold and silver available at any time to meet delivery requirements under expiring futures contracts or to establish initial futures contract positions through a transaction called exchange-for-physicals (I’ll explain this another time). It is important to realize, however, that many parties holding COMEX gold and silver in registered form have no intention of making their holdings available for delivery. By this I mean that such parties are neither (1) holding a short futures position against the warehouse receipt nor (2) willing to sell their registered metal (warehouse receipts) to a party with a short futures position. Indeed, a substantial portion of those holding registered metal would have acquired the COMEX warehouse receipts by holding long futures positions for delivery. In other words, these registered stocks are held for investment and not for commercial purposes.

In comparison, the eligible category of COMEX warehouse bullion stocks generally refers to bullion held in the warehouses that meets the specifications of an acceptable COMEX bar (proper weight, size, purity and refiner) but does not have a COMEX warehouse receipt issued against it. For example, an investor might purchase several 1,000 oz. bars of silver from a dealer and then deliver the bars for allocated storage at a COMEX warehouse. This is a private arrangement and has nothing to do with the COMEX. Unless these bars are officially registered (the easiest way to do this is through the aforementioned exchange-for-physicals), they will remain in the eligible category until withdrawn from the warehouse by the investor. Thus, the appropriate way to treat eligible COMEX warehouse bullion stocks is that they represent metal that could potentially be registered at some point in the future but cannot presently be used to make delivery under a short futures contract.  

http://www.scribd.com/Free_Nations/documents  

[...] So far in 2013, buying silver coins has been one of investors' favorite ways to profit from a climb in the white metal's price.

The demand for physical silver from small investors in the form of coins is really remarkable. A record 7.5 million ounces of silver coins were sold in January.

In mid-January, the U.S. Mint was forced to announce that it was forced to suspend sales of the 1-ounce American Eagle silver bullion coins because, after just two weeks, it was sold out of its entire inventory.

Silver bullion coin sales were strong going into the close of last year as investors became concerned over the state of the U.S. economy with Congress debating the fiscal cliff and the debt ceiling.

UBS noted, "With the U.S. Mint reporting notable sales volumes last November - when the U.S. held elections - and again this month when U.S. fiscal issues are at the forefront, it is easy to infer that some element of the 'fear trade' may be at play."

UBS was skeptical of the fear trade, but added "Nevertheless, it is important to keep an eye on U.S. coin sales in the coming months to see if volumes remain elevated as the debt ceiling showdown plays out."

Famous investor Jim Rogers is also a fan of buying silver coins.

"You can't get [silver coins]. They sell out," Rogers, who owns a rare 2013 silver coin, said on Yahoo! Finance's"The Daily Ticker" earlier this month. "Several mints have run out of coins because everybody's worried about the future of the world."

...Worldwide investment into all such silver-backed products is at a record 19,114 metric tons, according to data compiled by Barclays and Bloomberg. That is the equivalent of about nine months of global mine output.

Mark O'Byrne, executive director of GoldCore Ltd., a Dublin brokerage that that sells and stores bullion coins and bars, told Bloomberg "[Investor] allocations to silver remain very small, which suggests that the holdings could go higher, resulting in higher silver prices again in 2013."

Analyst data compiled by Bloomberg in December suggests that higher silver prices are indeed in the cards for 2013. The average among 49 analysts polled by Bloomberg forecast a price of $40.25 an ounce for silver, a 28% rise for the year.

With continued physical demand from investors searching for a safe haven, and the high number of investors buying silver coins, it looks like the journey higher for silver is far from over.

ALLES LESEN:
http://moneymorning.com/2013/02/14/...+USMoneyMorning+(Money+Morning)  

(z.B. uslv, slv...), short contractors hatten mit kartellsupport ganze sachen gemacht,
ich gehe von einem massiven rebound nächste woche aus und nutze den preis für ein paar
rollen libertads.
achja, was anseres:  

Wer's glaubt, wird selig...  

dauerts nicht mehr lange. der sog. währungskrieg ist ein faktum,
die frage drehts sich gar nicht mehr ob sondern wie schlimm und dicke
es kommen wird!
ein interessanter beitrag über eine nation. welche in den vergangenen
jahren bonds gegen gold tauschte um die nationale währung zu stützen.  

beitsproblem, aber sonst ist ja alles heil, wir befinden uns im aufschwung sozusagen lol
wie schäuble bereits im nov. das ende aller probleme ausrief (kurz bevor der beginn einer rezession attestiert wurde).

währungskrieg oder revolution:
http://www.kitco.com/ind/AuthenticMoney/...214.html?sitetype=fullsite

co ceo von saxo:
European Bank CEO Admits: "The Whole Thing Is Doomed"
http://www.zerohedge.com/print/469955

wie stehts um us fundamentals und dem dollar:
http://www.gold-eagle.com/editorials_12/baltin021713.html

rekordkäufe in shanghai
http://www.24hgold.com/english/...=false&contributor=Chris+Powell