GATA's Bill Murphy on the JP Morgan Silver Shortage and the next Bullion Bank Run

Gold futures slipped ahead of the ECB policy-setting meeting this week, or so the story goes. Do these macro trends drive gold prices as much as the headlines indicate? Our guest Bill Murphy, Chairman of GATA, doesn't think so and he has flown to our studio in Washington DC to make the case. Last month after a report surfaced that US regulators planned to drop the silver market manipulation probe, CFTC Commissioner Bart Chilton described the report as premature and inaccurate. We haven't heard much since, but our guest Bill Murphy has an update on the bank at the center of silver manipulation claims, JP Morgan. JP Morgan has a major problem with their massive short position according to GATA. Bill believes that it won't be long before their role in the market manipulation scheme is exposed. Meanwhile, the silver market maybe the tightest it has ever been to secure physical supply in size, and delivery can take months. Bill Murphy, author of LeMetropoleCafe.com, forecasts the bank will have a problem with its short silver position in the near future. Could it explode this month? He says yes and explains why. Also, today's gold and silver markets are not the same your father's precious metals markets. The creation of Gold and Silver ETFs, as well as the growth of the precious metals derivatives market, has had a dramatic effect on prices. We talk to Bill Murphy about how growth in precious metals derivatives and ETFs has led to shifts in the metals market. He tells us why we should be concerned that HSBC and JP Morgan serve as custodians for the major gold ETF, the GLD, and the major silver ETF, the SLV, when they also have large short positions in gold and 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

Bullion Suppliers SOLD OUT of Silver - Shortage? Bottom Near? Price Update

UNPRECEDENTED levels of demand being seen as ALL US WHOLESALE SUPPLIERS are sold out. Is a bottom near: ALL US WHOLESALE SUPPLIERS ARE NOW SOLD OUT OF EVERY OUNCE OF PHYSICAL SILVER & HAVE SUSPENDED ALL SALES! SDBullion.com has closed due to lack of ANY AVAILABLE SILVER! Two of the largest wholesale suppliers in the US, including Amark and CNT, who is the supplier of gold blanks to the US Mint for Gold Eagles, and is a registered COMEX depository, HAVE JUST SOLD OUT OF ALL PHYSICAL SILVER!!! AND......IT'S GONE!!!!! In the face of an EPIC TSUNAMI of gold and silver sales today as the cartel hammered the price of silver down over 12%, and off $6 from Friday's open, we have just been informed at SDBullion upon trying to place a large inventory order that BOTH AMARK & CNT ARE SOLD OUT OF EVERY LAST OUNCE OF PHYSICAL SILVER!!! Apparently the fact that one of the largest wholesale suppliers in the US is SOLD OUT, while simultaneously the 2nd largest silver mine in the US is offline perhaps permanently is of absolutely no consequence to the paper dumping cartel bullion banks. Bullion bank silver shorts are most likely covering in mass RIGHT NOW, and we'll soon have the data to make the case. Many have speculated that the bullion banks are going to switch to a net long position. There couldn't be a better time to do just that given that at $22/oz, pretty much all existing shorts taken out before this week will be in the money. Credit: SilverDoctors.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

Will Silver Protect You In HYPERINFLATION? | Craig Hemke

IN THIS INTERVIEW:
- What are the best precious metals to invest in? ►0:32
- Are government minted silver coins better than silver rounds? ►2:40
- When is a silver shortage going to hit? ►4:56
- How do we predict the timing of an economic collapse? ►7:14

ABOUT OUR GUEST:
Known primarily by his nickname "Turd Ferguson," Craig Hemke is the founder and editor of the popular TF Metals Report blog and podcast (http://TFMetalsReport.com), covering precious metals, the financial markets, and greater economic trends. A graduate of the University of Nebraska with a BS in Economics, Hemke was a licensed securities professional (Series 7) for nearly twenty years and has been an active commodity option trader since 1987. Hemke has been featured on The New York Times, The Wall Street Journal, Forbes, Market Watch, CNBC, among many other news stations.

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 prices stagnant, investors look to end of QE3 – BULLION MORNING

Gold prices remained stagnant in early morning trading on Monday in London, with the focus now shifting to the FOMC meeting this week, which is widely tipped to signal the end of the US’ third quantitative easing programme (QE3).

The spot gold price last traded at $1,230.50/1,231.20 per ounce, unchanged on Friday’s close and locked within a tight $4 range.

Focus now turns to what many believe to be the end of QE3, which has buoyed the US economy for the last 27 months, although it is unlikely to have a marked effect on prices, any changes to forward rate guidance would affect precious metals down the line.

“Our economists expect the Fed to end QE3. Although it is widely anticipated, we believe the floor for gold has firmed in the short term, as physical buying has gained momentum and net speculative positioning has risen due to fresh longs and short covering,” Barclays Capital said in a note.

With the near-term outlook on gold improving, net long fund positions in the metal have climbed for the fourth consecutive week, with jumping 22,569 contracts to 107,984 contracts.http://www.bulliondesk.com/gold-news/bullion-morning-gold-prices-stagnant-investors-look-to-end-qe3-84021/

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 under $17 for the first time in 4 years

Silver closed last week under $17 for the first time in 4 years. Maybe we have in store another "event" like 2008, 2011 or 2013 where the "price" gets forced down which explodes demand to a point where shortages again show up? I have written several times before how a shortage should never ever show up in any real market if prices crash because of "selling". If real silver were in fact being sold then the market would be awash in silver and no shortage could exist. ...The last 3 episodes there were severe shortages which is your proof that it was not in fact real metal being sold, only paper contracts representing metal, this logic is not arguable.
I have written several times regarding the high and growing open interest in the COMEX silver contracts. It is my belief the Chinese via proxy are the longs and will at some point call for delivery. I was "reprimanded" by a very famous commodities trader telling me that the open interest was high only because of "spread trades". Spread trades only amount to 23,000 contracts which if subtracted would still leave us with 150,000 contracts or more of silver, still historically high. Something is just not right, the open interest in gold is near multi year lows while silver touched 6 year highs last week, "spreads" do not explain it.
http://www.silverseek.com/article/silver-arbitrage-13670



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

US Mint limits production due to shortage; silver price about to move

Bullion Suppliers SOLD OUT







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 -- Supply and Demand

Supply and demand: Speaking with SIN earlier this year, Andrew Chanin, co-founder of the PureFunds ISE Junior Silver ETF (ARCA:SILJ), laid out the reasons he believes a silver supply shortage is on the horizon. They include the metal’s increasing industrial applications and growing investment demand, and more experts have come forward with numerous other reasons that miners likely will not be able to keep up with demand. Most recently, Money Metals Exchange issued a reminder in that vein. http://silverinvestingnews.com/26694/silver-price-rise-outlook-levon-tsxlvn-silvercrest-great-panther.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