The Phaserl



by Andy Hoffman, Miles Franklin:

It’s Tuesday and I’m sure everyone wants to hear about yesterday’s blitzkrieg, borderline “named storm” Cartel raid.  Let’s call it the “post NFP lunacy” attack; although frankly, given the dozen or so “massively PM-bullish, everything-else-bearish” headlines” of the weekend – from plunging Chinese trade data; to Greek unrest; and Donald Trump essentially hinting of his intention to default on Treasuries, I could have named it plenty of other equally appropriate names.  The fact is, that never before have Precious Metals been so undervalued, scarce, or logical – and conversely, never before have “the powers that be” been so thoroughly trapped by their failed policies.  Consequently, the methods they utilize to “kick the can” – despite having mere inchesleft of ground; are more draconian – and blatant than ever – with far direr ramifications.  Particularly in the physical arena, where each illogical, illegal paper raid lower causes the already suffocating supply/demand noose to tighten further around their necks.

Yes, many subscription-based newsletter writers are desperate to claim their “proprietary” COT analysis predicted it; when the fact is, the Cartel’s record naked shorts had failed to stop gold and silver from rising from $1,069/oz and $14.14/oz five months ago, to $1,279/oz and $17.43/oz as of last Tuesday’s COT data, on May 3rd.  Let alone, to the highs of $1,303/oz and $17.95/oz, respectively, on May 2nd.  I mean, talk about the “broken clock being right twice a day” syndrome; as such “COT analysis” was essentially predicting that the Cartel would successfully attack atsome point – as if they haven’t attacked paper prices every day for the past 15 years.  I mean, the FACT is, that they are miserably failing to hold prices down, amidst their biggest, most blatant naked short positions of all time.

a1 a2

Putting it into perspective, for those so terrified by the Cartel’s “omniscience” – here’s all the “commercials” accomplished in naked shorting 291,990 and 60,773 gold and silver contracts, respectively, from December 1st, 2015 through May 3rd, 2016.  That’s roughly $34 billion and $5 billion of gold and silver shorts on the COMEX exchange alone – in both cases, representing roughly one-third of worldwide annual physical production.  And what did it get them?  Well, gold and silver prices rose by 20%-25% – and who knows how much more shorting was required to prevent prices from rising further late last week, particularly after Friday’s Fed-killing NFP jobs report?


Well, after yesterday’s “named storm” attack, gold and silver are barely down from where they were at the time of last Tuesday’s COT data cutoff – at $1,263/oz and $17.07/oz, respectively, versus $1,279/oz and $17.43/oz.  So frankly, it’s hard to be “scared half to death” by such a modest “correction,” even if the newsletter fear-mongerers, desperate for you to churn your paper positions, want you to believe so.  Not to mention, as the principal reason one should own gold and silver is not to “profit” from paper trades, butprotect and insure oneself with real, physical metal.  Let alone, at a time of comprehensive global monetary risk unparalleled in history!

Read More @

Help us spread the ANTIDOTE to corporate propaganda.

Please follow SGT Report on Twitter & help share the message.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>