Silver Market, Silver Price Manipulation and the Coming Global Monetary Reset

Since there is a lot of talk about a potential gold re evaluation following an international monetary reset, I wanted to interview David Morgan, renowned silver market analyst, in order to have his views on a couple of topics, including silver evolution, silver manipulation, and the potential price of silver after a financial reset. Read his answers below:

Fabrice Drouin Ristori : Mr. Morgan, thank you for this interview. You’ve specialized in analyzing the silver price for a long time, and understanding how and why the price of silver evolves with such volatility takes time and research. Let’s start with the basics : Could you give us an idea of the size of the annual worldwide production of physical silver ?
David Morgan : Yes, the total supply is roughly one billion ounces annually. Approximately 800 million ounces mined, and 200 million ounces from recycling.
FDR : A lot of silver paper contracts are exchanged everyday on different markets. According to your knowledge, how many ounces of silver are exchanged everyday on a worldwide basis (paper + physical) and, if you agree with this concept, how many silver paper claims exist for each ounce of physical silver in existence ?

read more @ http://www.valuewalk.com/2014/04/silver-market-manipulation



MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Gold scarce, India's silver jewellery exports double

 Shortage of gold as a raw material and the consequent decline in gold jewellery exports has opened up new avenues of growth for silver jewellery.

MUMBAI (Mineweb) - 
A shortage of gold as a raw material and the consequent decline in gold jewellery exports appears to have opened up new avenues of growth for silver jewellery in India.
India's silver jewellery exports rose 45.33% to $84.1 million in February 2014, and jumped 89% in the 11-month period to $1.35 billion, according to data from the Gems and Jewellery Export Promotion Council.

Council data also showed that silver jewellery exports rose 109% between April 2013 and February 2014, to $1.3 billion (Rs 81.4 billion) from $642 million (Rs 38.85 billion) in the same period of the previous financial year.
Pankaj Parekh, vice chairman of the Council said it was not just silver jewellery that shone in the overseas market, but rather exports of silver utensils, artifacts and other silver articles too continued with their upward trend to the US, parts of Europe and Japan.
read more @ http://www.mineweb.com/mineweb/content/en/mineweb-gold-news?oid=237443&sn=Detail









MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

What’s Going On With Silver?

According to many analysts surveyed at the beginning of 2014, this year was not supposed to be a good one for silver. In fact, in January we reported that many silver forecasts saw the silver price averaging around $21 per ounce. We are now in a mindset where any activity above $20 per ounce is greeted with positivity and chatter about a price recovery.

Is this what we have to look forward to? Pop-ups above $20? We take a look at what’s been going on this year and a couple of the issues affecting the price of silver.
Silver 2014 vs Silver 2013

2014 isn’t looking quite as bad as last year for silver, when the price fell by nearly 40%, compared to the price of gold which only fell by around 3%. Last year it seemed silver was on a winning streak and close to touching new highs. In March it rose to $32/oz, however it was unable to maintain this momentum as both gold and silver were taken out in the April.
read more @ http://www.investing.com/analysis/what%E2%80%99s-going-on-with-silver-209127




MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Silver Manipulation Explained by Mike Maloney

Silver and Gold prices are being suppressed by a cabal of banks in order to uphold the charade of a strong U.S. dollar. This manipulation is unsustainable and is coming to an end. Prepare for a scramble to own physical gold & silver as the wheels come off this gross deception. The free market always wins. Please take the time to research this information for yourself. Huge thanks to GATA for their outstanding efforts in making this information public





MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Taking a shine to silver - a silver shortage is upon us

Experts agree a silver shortage is upon us as its safe haven status and industrial uses gain appeal

Precious metals have long been viewed as safe haven assets, providing balance to investment portfolios. Obviously, gold is already established as a common retail investment but silver is now in focus. With its many industrial uses, silver can outperform when economies return to growth as well as providing essential hedging in downturns.

When confidence in central bank-issued fiat money (money that derives its value from the state/government) begins to fade, investors look for secure stores of wealth. They run to gold and also to silver; especially in the US.

Historically, the ratio between the gold and silver price has been about 12:1. This means it took 12 ounces of silver to buy one ounce of gold. The ratio is now closer to 60:1, which defies the relationship that the two metals have had over the last 100 years and suggests that silver could be massively undervalued.


read more @ http://www.fundweb.co.uk/fund-strategy/alternatives/taking-a-shine-to-silver/2007566.article

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Eric Sprott -- We Have a Shortage of Gold

 
Eric Sprott's analysis shows a "flat supply" and at least a "2,500 ton net increase in gold demand" since 2000. He manages nearly $10 billion at Sprott Asset Management. "Where's all the gold coming from?" asks Sprott. He says Western central banks ". . . keep supplying this market with product in order to keep the price down so nobody knows how vulnerable the situation is." Sprott boldly proclaims, "We have a shortage of gold." Join Greg Hunter as he goes One-on-One with Eric Sprott.






 Eric Sprott's analysis shows a "flat supply" and at least a "2,500 ton net increase in gold demand" since 2000. He manages nearly $10 billion at Sprott Asset Management. "Where's all the gold coming from?" asks Sprott. He says Western central banks ". . . keep supplying this market with product in order to keep the price down so nobody knows how vulnerable the situation is." Sprott boldly proclaims, "We have a shortage of gold." Join Greg Hunter as he goes One-on-One with Eric Sprott.


MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

The Silver Price & CFTC | David Morgan & James Turk

David Morgan and James Turk discuss gold and silver prices and the gold/silver ratio. Video recorded on November 6, 2010 , Edelmetallmesse in Munich, Germany.


In general our advice is to accumulate silver and gold regardless the increase in price in terms of paper currency. Eventually you will need to spend parts of your gold and silver. Either because you need some paper currency to buy for day-to-day things or because silver and gold once again circulate as money, as they should. In the latter case you will spend silver and gold just as you now spend your paper currency.
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Out of Control Chaos Coming with Shortages of Gold, Silver, Food, Gasoline and More - Jim Willie

Jim Willie CB Proprietor, GoldenJackass.com Editor, Hat Trick Letter The man behind the name Jim Willie has experience in three important fields of statistical practice in the 23 years following completion of a PhD in Statistics at Carnegie Mellon University. He spent time since 2001 in a private consulting firm in Pittsburgh, PA. His work included pharmaceutical and medical claim estimation, stratified sampling for consumer packaged goods market share, training seminars in advanced regression models, and consulting toward various other projects within the firm. In August of 2003, he became a low-cost solution at his firm, and since then has focused exclusively on the US and world economies, financial markets, currencies, and the commodity fields. Gold and energy have been a prime focus. Jim spent five years at the corporate headquarters of Staples in suburban Boston in the last half of the 1990 decade. Work focused upon forecasting and sales analysis for their retail business, but also for the catalog and internet business. His retail floor labor scheduling program integrated several forecasts across the entire retail chain of over 1000 stores. Retail models, seasonality estimation, marketing effects, price elasticity analysis, all supported either the forecast process or profit margin enhancement. During his time at Staples, the company quadrupled in revenues and store count nationwide. At Digital Equipment Corporation in suburban Boston, Jim worked for nine years in a unique zero-profit center within the company, one totally dedicated to marketing research on Digital products and the computer industry. Large strategic studies and smaller product studies were completed in the hundreds by a staff of 12. Strategic studies incorporated orthogonal fractional factorial designs, for evaluating various product feature combinations and industry directions. Product studies helped to enhance design and development. All datasets were analyzed exhaustively for useful information on perceptions, preferences, drivers, trends, usage, and demographics. However, extreme errors of judgment by senior executives resulted in the rapid decline in the company, departure of the best and brightest leaders, severe reduction in its workforce, and eventual acquisition by Compaq, then later by Hewlett Packard, which now manages his defined benefit pension. Sadly, many younger people have not even heard of the second largest computer mfg firm behind IBM in the 1980 and 1990 decades. HP took a large portion of Digital’s customer base. Also at Digital, before the marketing research post, Jim worked for five years as a quality control consultant to the manufacturing organizations. He authored a DEC Engineering Specification which was integrated at all 28 mfg plants worldwide. It streamlined the stress testing of units from the assembly lines, with significant savings from reduced test time. Over a seven-year period, its implementation reduced mfg costs corporate-wide by between $250 and $300 million. Those were days of considerable fat in the US mfg arena, however. A few of his colleagues from Digital days remain trusted friends and analysts. About GoldenJackass.com The Golden Jackass website is designed to inform and instruct in the complex ways of gold, currencies, bonds, interest rates, stocks, commodities, futures, derivatives and the world economy, with no respect shown for inept bankers and economists, whose policies and practices contribute toward the slow motion degradation, if not destruction, of the financial world. The website provides an ongoing source of excellent articles written by other authors, who make significant contributions to the above mentioned topics, in addition to a collection of news briefs filled with critical data. A minimum of tools are also made available for monitoring charts of important series, such as the USDollar, gold, the CRB index, and the US$ money supply. For those who wish to pursue a deeper course, with monthly commentary and essays, highlighted by strategic forecasts, combined with potentially profitable mining and energy stock selections, subscription to the HAT TRICK LETTER is offered to members at the cost of a low recurring fee.
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Silver is in a Shortage David Morgan

David Morgan (Myths and Misinformation in the Silver Market)
Silver Demand: Sentiment and Trends - Myths in the Silver Market



Silver Demand: Sentiment and Trends

A quiet battle is being fought in the silver market between investment interests and industrial demand.

The world is finally waking up to the fact that governments can take the real silver money out of circulation, but they cannot take the money out of silver as a commodity.

Silver as Money - Silver as Money - Silver as Money -

Silver as Money -

Silver still has monetary demand among investors concerned about the long term viability of paper currencies and their inherent inflationary tendencies. Silver is also easier to set aside for hard times than stock piling food, fuel, and other items for barter.

Despite its historical monetary usage, silver is currently not as easy to use for everyday purchases in the United States as the U.S. Dollar. Nevertheless, silver is a highly liquid commodity that can readily be exchanged for U.S. Dollars, which can then be used to purchase goods or services.

Price Drives Sentiment -

Since the U.S. Dollar price of silver is measured in terms of a paper debt instrument that is being created at an unprecedented rate without any hard assets backing it up, silver's price should be trending higher in Dollar terms.

The upward trend in silver is also established since investment grade physical silver is getting harder and harder to come by for individuals interested in protecting their wealth against the risks inherent in holding paper currencies.

The vast majority of investors will likely miss the great silver rally, especially given what comes to mind for most people is an association with the Hunt brothers, coin collecting and even Mad Max scenarios.


Bullish Silver Sentiment Could Prompt an Industrial Shortage -

Unfortunately for silver bulls, the price discovery mechanism for silver is still driven by the few bullion banks who dominate the short side of the paper futures market. Despite that, a broad based investor-led silver rally could well occur once the price floor for silver becomes well established above the $50 level.

Furthermore, given the ongoing competition between silver investors who tend to be sentiment driven and industrial demand that tends toward the slow and steady accumulation of physical silver, once an industrial shortage of physical silver develops, it could already be too late to invest in silver.


MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Buy Silver, The Russian Ruble is about to Tank

 Buy Silver, The Russian Ruble is about to Tank. It's amazing how the alternative media treats Russian corruption and Vladimir Putin with kid gloves or even. it's been awhile, here's what I've been up to. HOW TO BUY VAT-FREE SILVER - Survive the crisis, buying silver




MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Josh Galt: Silver Market Sentiment

 A coffee table discussion with the Silverfuturist over the current market sentiment of silver and other precious metals
 I just laughed!
"Buy Silver, at any price, instead of beer"
Thats Maloneys .Great discussion I think a lot of us was taken in by the Mike Maloney, Chris Duane bullish (tulip mania) talk. But this has been a learning curve for all of us, and the mantra "don't get involved emotionally in your investment" has to be learned sometimes the hard way!






MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Suing JPMorgan and the COMEX -- Ted Butler

I’ve had some recent conversations with attorneys who were considering class-action lawsuits regarding a gold price manipulation stemming from reports about the London Gold Fix. I told them that while there is no doubt that gold and, particularly, silver are manipulated in price, I didn’t see how the manipulation stemmed from the London Fix. I wished them well and hoped that they may prevail (the enemy of my enemy is my friend), because you never know – if the lawyers dig deep enough they might find the real source of the gold and silver manipulation, namely, the COMEX (owned by the CME Group) and JPMorgan.
So I thought it might be constructive to lay out what I thought a successful lawsuit might look like, although I’m speaking as a precious metals analyst and not as a lawyer. I’ll try to put the whole thing into proper perspective, including the premise and scope of the manipulation as well as the parties involved.

The first thing I should mention is how unprecedented it is that I’m writing this in the first place. Here I am, directly and consistently accusing two of the world’s most important financial institutions of market manipulation (making sure I send each all my accusations) and I have received no complaint from either. I don’t think that has ever occurred previously. Now I am taking it one step further; presenting a guide for how and why JPMorgan and the CME should be sued for their manipulation of gold and silver (and copper, too).

http://www.silverseek.com/commentary/suing-jpmorgan-and-comex-13038



MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Eric Sprott David Morgan - Financial sense newshour 17 March 2012

Eric Sprott and David Morgan Respond to CFTC Commissioner Bart Chilton on Silver Manipulation Silver industry experts Eric Sprott and David Morgan take on the silver manipulation controversy





MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Ted Butler : Wait for the Silver Shortage to end the Manipulation -- March 20 2014

Instead of simply waiting for the silver shortage to end the manipulation, I thought it advisable to try a new approach that was completely compatible with the real silver story to date. Since I (we) couldn’t get the CFTC to do its job and end the manipulation; why not try a different approach? The truth is that I have long believed that the right civil lawsuit stood a good chance at ending the manipulation before a silver shortage hit. I had high hopes initially that the class-action suit that was filed against JPMorgan for manipulating the price of silver a few years ago might succeed; but it seemed to drift off track and I wasn’t particularly surprised that it was ultimately dismissed. My intent should be clear – I want to see the next lawsuit succeed.
The stakes in a COMEX silver/gold/copper manipulation lawsuit are staggering. Not only is market manipulation the most serious market crime possible, the markets that have been manipulated and the number of those injured are enormous. I don’t think it’s an exaggeration to say that any finding that JPMorgan and the COMEX did manipulate prices as I contend could very well result in the highest damage awards in history. That’s no small thing considering the tens of billions of dollars that JPMorgan has coughed up recently for infractions in just about every line of their business. - Silver analyst Ted Butler: 19 March 2014   -- in the street.com




MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

There is a shortage of ALL precious metals compared to other metals, that's why they are considered precious. Its just how rare they are at the time. It depends on what one means by shortage. 
Of course, the important question is whether in the future silver will be an industrial metal or a monetary metal. If it is the former then the abundance of supply will be a critical factor impacting the future valuation of the metal. If it is a monetary metal then above ground stocks to flow will be so large that production will be a very small fraction of above ground stocks.
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Experts predict silver shortage in near future

Silver market watchers believe the metal’s dual role as an investment and industrial asset will cause demand to exceed supply in the near future, according to a report by Charlotte McLeod for Silver Investing News.

Andrew Chaning, co-founder of silver exploration and mining company, PureFund, admitted to Silver Investing News: “We’re entering an era where we’re seeing a tug of war between investment demand and industrial demand. I think what people aren’t even considering as a possibility is a potential supply shortage in silver as a result of this squeeze from demand.”

Insiders suggest base metal mine closures (where silver is often produced as a by-product), increasing industrial applications and growing investment demand could force the market into a shortage situation.
http://www.professionaljeweller.com/article-14319-experts-predict-silver-shortage-in-near-future/






MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Survey: Is a Silver Supply Shortage on the Horizon?

By Charlotte McLeod

Silver, it seems, is everywhere. The precious metal’s dual role as both an investment and industrial metal means that while it can be bought physically or in paper form by investors, it also has myriad technological and medical applications.

It’s in part because of those many uses that some silver market watchers think at some point — perhaps in the near future — demand for the metal will exceed supply, creating a shortage.

Andrew Chanin, co-founder of the PureFunds ISE Junior Silver ETF (ARCA:SILJ), is one person who believes that’s what’s in the cards. He told Silver Investing News (SIN) in a recent interview that “we’re entering an era where we’re seeing a tug of war between investment demand and industrial demand. I think what people aren’t even considering as a possibility is a potential supply shortage in silver as a result of this squeeze from demand.”

Speaking to Mining Weekly at the Toronto-based PDAC convention earlier this month, Chanin expanded on that statement, giving three reasons why he thinks a supply crunch is in store for silver. Those reasons are:

    Mine closures: Several base metals mines, said Chanin, are expected to be depleted in the medium term. While that may not sound like a problem for silver, the fact that the metal is often produced by base metals mines as a by-product means their closure could be an issue.
http://silverinvestingnews.com/22041/silver-supply-shortage-deficit-purefunds-etf.html





MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet