Beiträge von bullionbulls

What If Precious Metals ‘Mania’ Hits India Or China? Part I

A common refrain with many precious metals commentators (including myself) is that “one day” there will be an investor “mania” in this sector, where prices will finally explode into some sort of parabolic “top”.

For those who have wasted any of their time reading the gold-bubble babble currently on display on a daily basis in the mainstream media, “no” the day when gold and/or silver reach “bubble” status is not even currently visible on the most distant horizon. Put another way, as John Williams of Shadowstats.com tells us, just to “equal” its 1980-high (in “real”, inflation-adjusted dollars), gold would have to rise to $7,500/oz. Meanwhile, at its historic 15:1 price-ratio with gold (the average for the last 5,000 years), that would put the price of silver at $500/oz.

Naturally, the fundamentals for gold and silver are much, much, much more “bullish” today than they were in 1980 – when our economies first had their ties to “good money” totally severed. Thus, $7,500/oz for gold and $500/oz for silver should not be seen as any kind of “price ceiling”, but rather more of an intermediate price target.

With the bankers doing everything they possibly can to drive the values of their fiat currencies to zero, then the “long-term price targets” for gold and silver are simply “infinity”: the “price” of gold and silver, when defined in terms of worthless paper. However, there is one event which could interfere with this progression: if investor “mania” should hit the sector before the bankers’ fiat-paper has been deemed worthless by the masses...

full commentary: http://www.bullionbullscanada.…old-commentary&Itemid=131

Zitat von LuckyFriday

You have got one more click on your website, from me.

I could not find any explanation on how you finance the website. You do not charge for any kind of "premium service". So yo are either one of the very rare species of true philantropic persons, or you are financed by the industry.

Certainly a fair question.

We are, indeed, a totally "free site". We recently discontinued our Google-advertising (which WAS providing about half our advertising revenues) because we are in the process of adding our OWN full-time advertising sponsors. Indeed, we will have our first mining company banner up on our site in the next few days - and hope to keep adding them steadily after that.

To complete my answer to that question, I should also point out that we are a fairly NEW site (only a little over two years ago), and it is a fact of life in this business that it is faster/easier to attract READERS rather than ADVERTISERS.

The "legitimacy" of our site is REGULARLY demonstrated by our content - whether it is concerning the miners, bullion markets, or general economics. We have ALWAYS been a totally "transparent" site (as demonstrated by this dialogue), and so hopefully you will no longer have any reason to suspect our site of "ulterior motives" (lol).

Jeff

P.S. If you need any further reassurance, perhaps just consider the GOOD RELATIONSHIP we have the adminstrators of this fine site, who have been kind enough to give us open access to post here ever since we started our site...

Making Money on Miners, Part V

In Part IV of my series in analyzing the “evolution” of a mining project, I left off having just discussed the “economic assessment” phase. This is an extremely technical, detailed study of the mineral resource – which provides a wealth of information for investors, and the mining company itself.

For the first time, investors are given a clear picture on what precise metallurgical process will be used to extract the metal(s) from the ore, how great the production capacity of the mine will be, the costs of constructing such a mining facility, the profitability of the mine and the “internal rate of return” (IRR) on capital – based upon specific price-assumptions for the metal(s) contained.

Of equal importance, once the miner reaches this level of development, they have crossed the boundary from being (merely) an “advanced-stage exploration project” to a “near-term producer”, because for the first time the company can now plot a clear-and-direct path to commercial production. This enhancement in status not only tends to lead to appreciation in the share price, but this additional layer of information (and certainty) reduces the risk of the project. This, in turn, tends to reduce volatility in these companies, and when there are inevitable pull-backs in the sector, “near-term producers” tend to hold their value better than the mere advanced-exploration projects.

Ideally, the economic assessment only solves/answers the issues and problems of mine construction – rather than creating new problems, but this is not always the case. As I alluded to in Part IV, if the mineral deposit is situated in a particularly environmentally “sensitive” location, or if the process needed to extract the ore is especially toxic/polluting in nature, or if a company is seeking to construct a very large mining facility then there can often be difficulties in obtaining the necessary permitting...

Full commentary: http://www.bullionbullscanada.…old-commentary&Itemid=131

Zitat von Liberty01

There are "project generators" with quite a few potential projects including exploration for different commodities. I know two well-run Canadian companies of that kind, both with very good exploration results and very good staff, also in the PM sector. Unfortunately, their successes is not reflected in higher stock prices. I wonder whether it is currently too difficult for them to find JV partners. Or are there other reasons.

Liberty01, no there are no shortage of potential "dance partners" either for your companies - or any others. In fact there are likely far MORE potential JV partners around right now than at any time in decades. There are two reasons for this: fat operating margins mean companies are swimming in cash AND declining reserves for the larger producers mean they MUST add new projects to their pipelines.

That said, these companies tend to "move" only when the level of bullish sentiment "reaches" their category. Thus the FIRST companies which ALWAYS move higher when sentiment starts to improve are the "producers". Next comes the "near/producers/advanced-staged exploration projects, and then (finally) when sentiment REALLY gets bullish the "earlier" juniors also pop higher.

What we are seeing at the MOMENT are the bankers (i.e. the "shorts") jumping ALL OVER the miners - TRYING to push them down. They are HORRIFIED that the miners might have a big RALLY at a time of year when the miners have ALWAYS been weak previously.

This tug-of-war will END (one way or another) over the next week to 10 days. EITHER bullion will stay strong, the shorts will get CRUSHED, and the miners will ROCKET higher; OR the bankers will also manage to turn bullion lower - in which case there will be further weakness in the miners.

Personally, I am HOLDING all my shares rather than selling anything...

The Silver Economy

In a previous commentary I looked at how our economies would function in a world where our paper, fiat currencies had collapsed. Given the unrepayable debts racked-up by most Western economies, and the out-of-control money-printing by our central banks (sanctioned by our governments), this is not merely a plausible scenario, but as many would argue it is a highly likely outcome.

I explained how by merely applying existing laws on “legal tender” currencies and taxation that we should be able to hold gold and silver money to protect ourselves from the collapse in wealth which accompanies the collapse of banker-paper, and be able to spend that money without any adverse taxation consequences. Specifically, there should be no “capital gains” tax on any transactions where we are spending our gold and silver money – irrespective of how much they have appreciated versus the bankers’ worthless paper.

I titled that piece “The Gold Economy”, in deference to the superior status which gold enjoys (today) as “money”. However, shortly after that I was enlightened by some historical materials submitted to me by readers. I quickly revised my position on silver versus gold as “money”, and now firmly believe that it is silver rather than gold which is the key, monetary currency – at least on the individual level. Certainly when it comes to “backing” an entire economy, gold’s superiority remains obvious.

In a subsequent commentary, I looked at how an economy would function hypothetically if it fully “monetized” silver as the official currency in circulation. I pointed out an obvious fact which has been completely forgotten by the modern charlatans who call themselves economists: that a “strong” (and appreciating) currency is the hallmark of both a stable and prosperous economy. I illustrated the fraudulent trade arguments used by these academic dolts which they have used to trigger a “race to the bottom”: seeing which governments could devalue their (paper) currencies the fastest...

full commentary: http://www.bullionbullscanada.…ver-commentary&Itemid=130

China Trade-Deficit = Zero Treasuries-Buyers

It really is time for Ben Bernanke and the Federal Reserve to abandon the absurd myth that someone other than Ben Bernanke is still buying U.S. Treasuries.

In a recent commentary, I pointed out the obvious implications to the U.S. Treasuries market (as well as for the other sovereign deadbeat-debtors) of the catastrophe in Japan, and the enormous amount of domestic wealth which would need to be repatriated to fund reconstruction. Not only does this take Japan completely out of the market as a buyer of U.S. Treasuries, but they will undoubtedly be forced to liquidate much of their holdings in U.S. debt (assuming they can find anyone foolish enough to buy it).

Now we have China disappearing from the list of “potential buyers” of those bonds as well. Despite the fact that China’s economy had ceased to be export-dependent at least as far back as 2008, we continued to see media talking-heads parroting the myth that not only was China’s economy “dependent” on U.S. consumption, but that China was “forced” to plow most of its “vast trade surpluses” into Treasuries – as the only means of preventing the appreciation of the renminbi.

Over the weekend, China’s government announced its first quarterly trade deficit in seven years. With that single announcement, both of those preceding myths have now been permanently dispelled. Despite its trade-deficit, China’s economic growth leaves all other nations in its dust. So much for being “export-dependent”.

Similarly, how many Treasuries is China “forced” to buy with a zero trade-surplus? Obviously zero. Thanks to the runaway-inflation caused by the reckless money-printing of Ben Bernanke and the Federal Reserve, there are no longer any nations in the world with both large trade- and budget-surpluses, meaning there are no more potential “big buyers” for U.S. Treasuries. Thus while the supply of U.S. Treasuries continues to be ramped-up to new records on a quarterly basis, there is no demand. Period...

Full commentary: http://www.bullionbullscanada.…nal-commentary&Itemid=133

Making Money on Miners, Part IV

In dividing-up the “evolution” of a mining project into seven specific phases, these individual phases are not equal increments – in terms of either the amount of time required, or the amount of money spent. Rather, they mark milestones in the development of a mining project which tend to lead to upward revaluations of the company, and (with regard to several of these phases) an “upgrading” of the company’s status as a mining company.

A miner with a resource estimate completed on its mineral deposit is deemed “more advanced” than one which merely has a collection of drilling intercepts. A company with a “feasibility study” under its belt (along with a resource estimate) is closer to production than a company with a resource estimate alone. As these companies inch closer and closer to production, two other factors emerge. The “discounting” of these mineral assets is reduced as a company gets closer to generating actual revenues from a deposit, and the level of risk in investing in a company declines – since there are now less things that can go wrong.

The trade-off for this decline in uncertainty and risk is a commensurate decline in the potential up-side for these companies. The earlier-stage companies are clearly much riskier, but offer investors more potential gains – as all of these developments (and the upgrades in valuation which usually accompany them) still lie ahead in the life of these companies.

This is why experienced investors in this sector balance their holdings between earlier-stage companies and producers/near-producers. We hold the former to provide us with the highest growth potential, while we hold the latter to reduce our overall level of risk – while still providing superior returns versus most other sectors...

Full commentary: http://www.bullionbullscanada.…old-commentary&Itemid=131

Hi Lucky Friday.

My reason for assuming that you were not an experienced investor with these companies was with respect to the odds that you quoted. If you're referring to LISTED companies on the TSX or TSX-V (Venture exchange), the percentage of companies which are successful is MUCH, MUCH higher.

The first point to make is that only a small percentage of these companies EVER intend to go all the way from early exploration to production. Most are intentionally and explicitly "project generators". That is, they have geological expertise in their companies - but no engineering or production expertise (or very little).

They FIND good properties/projects. They demonstrate robust mineralization. And then they farm-out the project to larger, more established miners. Sometimes they "JV" a project, go along for the ride all the way to production - and then spin-out a NEW exploration entity to start the process with new properties.

Some of the EASIEST gains to make in this sector is AFTER one of these companies has funded a new drilling program at a very prospective property, but before drill results start coming out.

If you mix in companies like these with smaller producers and near-producers (and make your picks with a reasonable amount of skill), you will produce a return on your investment which simply cannot be equaled in any non-commodities based portfolio.

That is the real "story" with these companies. And as a Canadian (living in Vancouver), I am literally much "closer" to these companies than yourself. At the same time, I realize that there are a lot of experienced resource investors in Germany - as Frankurt is the leading European exchange for these companies - which is part of the reason I have spent so much time on this forum.

If you're an experienced investor, you should come to our site and have a look at the database compiled by my partner, Brian Boutilier. Is there a "moose pasture" or two amongst the more than 100 companies in our database? It's certainly possible. But that's why we ALWAYS advocate holding a "basket" of them. So that IF one of these companies should happen to slip through our/your screening process that the losses are more-than-acceptable in relation to total returns.

To the administrators of this forum: perhaps you would like to start a new thread on the "decoupling" between paper-bullion and REAL bullion?

Real Bullion Begins to Decouple from Paper-Bullion

In a commentary from the middle of January (“Precious Metals Default Scenarios”), I explained how large differences between the gold and silver markets would mean that a “default” in the gold market would be much different than a default event in the silver market.

Specifically, with silver having major industrial demand and with the world’s silver inventories having literally been “consumed”, there will likely be an outright “fail to deliver” which leads to a formal default in the silver market. Conversely, the gold market is much different.

To begin with, all of the world’s gold has been preserved. While this by no means indicates that gold is “abundant”, it does mean that in any potential-default scenario, the bankers would likely be able to scrape together enough ounces to forestall such an occurrence. Alternately, because so much of the “gold market” merely trades paper between themselves, then the mechanism of “cash settlement” (i.e. informal default) can be used to prevent a formal default from occurring.

I further added:

In reality, as the “cash settlements” continue to get larger and more frequent, at some point one or more large holders in this banker Ponzi-scheme are going to lose their nerve, and insist on real bullion rather than paper bribes. Such an event does not need to result in an official default. It merely needs to spook the herd. [emphasis mine]

As word gets out of some prominent investor refusing any quantity of banker-paper in favor of physical bullion (i.e. real “money”), this will cause the holders of $100’s of billions of dollars of “paper bullion” products to ask themselves a very pointed question: “am I holding ‘bullion’ or am I holding ‘paper’?” [emphasis mine]

More importantly will be their response to such a question. The two obvious responses are either to demand delivery or to sell their paper bullion...

full commentary: http://www.bullionbullscanada.…old-commentary&Itemid=131

I just noticed this "thread" for the first time, or I would have posted MUCH more here (lol!).

Basically, the operating assumption is that ALL U.S. economic "statistics" are lies - unless we have some particular reason for believing the data. As this thread indicates "lying about inflation" is one of the most important categories of fabricated statistics. The other is EMPLOYMENT.

More Fantasy-Jobs From U.S. ‘Recovery’

It becomes more and more difficult to discuss U.S. employment “statistics”, since an ever greater percentage of what is presented is simply total fabrication. The U.S. Bureau of Labor Statistics (BLS) might as well abbreviate its name to “Bureau of LieS”, as none of the reports it produces bear any resemblance to the real world.

To this mountain of fiction we can now add the “ADP” monthly-payrolls report. This statistic is supposed to be beyond manipulation, as its data-stream comes directly from the payrolls of U.S. employers. However, look at “the fine print” and we will see that its report represents the data of less than 1/6th of total employment.

When their reporting excludes more than 80% of the U.S. economy, it obviously becomes very easy to “stack the deck”. As an easy example: the U.S. is (still) embroiled in two (and now three?) “wars”. With the biggest war-machine in the history of the world, certainly more than 1/6th of the U.S. economy is devoted to simply servicing that war-machine.

Thus all that ADP Employment Services needed to do to create a “U.S. economic recovery” is to focus its reporting on U.S. companies which derive a substantial part of their revenues from the U.S. military – a very long list. Having established that this data-stream could have easily been skewed to the point of total irrelevance, the question then becomes: is there evidence of such fabrication?

Fortunately, there remain a few niches of data reporting in the U.S. economy which have not yet been completely “sterilized” by the U.S. government’s propaganda-machine. When such data is depicted in the form of long-term charts, those charts paint an irrefutable picture of an economy mired not merely in a “recession”, but one which is clearly experiencing a depression...

Full commentary:

http://www.bullionbullscanada.…:us-commentary&Itemid=132

Lucky Friday, you obviously have no personal familiarity with these companies.

To begin with, well over a decade ago Canada brought in a new mining code which (among other things) required that all data reported by these companies had to come from a "qualified person" - someone with the recognized professional certification to ensure the validity of what was reported.

Given the fact that we're in the early stages of the longest/strongest commodities-boom in the history of humanity, and given that Canadian junior miners are the recognized GLOBAL leaders in finding and developing mineral deposits (in nations all over the world) there is no NEED to scam people.

More than 90% of the world's gold and silver mines were driven out of business when banker-manipulation pushed the prices of gold and silver well below the cost of production for most of these mines. So there is no need to tout "moose pastures" when there are THOUSANDS of old mine sites (alone) all over the world. And there are still MANY new deposits being discovered.

You should educate yourself before seeking to comment further on these companies.

Making Money on Miners, Part III

In Part I of this series, I outlined the seven stages of development which characterize the evolution of almost every mine, and then described the preliminary exploration which occurs with a mining project. In Part II, I discussed the drilling-phase of development, and how to evaluate whether a property is being developed in an efficient (and potentially lucrative) manner or whether management has fallen into the “dilution trap”.

Resource Estimate:

We are now ready to move on to the third major phase of mine-development: calculating a resource estimate of the ore deposit which the miner has been drilling. While this may seem like a very straightforward stage in the evolution of a mine, there is certainly the potential for “surprises” here – and also opportunities for the astute investor who takes the time to do his/her homework.

At some point during the extensive drilling necessary to identify a potential, commercial ore deposit a mining company will make the decision to prepare a resource estimate of the mineralization contained in the ore being drilled. As I hinted at in my previous commentary, there are many factors which go into the decision of when is the appropriate time to engage in such an assessment.

Generally, a mining company will not engage in the time/effort/expense of commissioning such a study until they are reasonably sure they have uncovered a sufficient body of ore so that a completed resource estimate will show a deposit with sufficient profit-potential to justify (at least) an economic assessment. They then hope that the economic assessment will conclude that the body of ore is large enough, and the grades good enough so that it is commercially viable to construct and operate a mine...

full commentary: http://www.bullionbullscanada.…old-commentary&Itemid=131

Zitat von LuckyFriday

You have to find the needle in the haystack or to follow an experienced rich investor and expert, who does not need financing at all and after a while is going to sell his shares to the public.

Lucky, I will disagree with BOTH halves of that proposition. "Success stories" among the junior miners are HARDLY a "needle in a haystack". There are DOZENS of highly successful companies (already) and likely more than a hundred which will ultimately end up as huge, financial successes.

Also, there is no need to look to sponge off of some rich "insider" for stock-tips. Hold a basket of these companies, do your "homework", and the ordinary investor can do just as well as the rich-insiders.

Zitat von LuckyFriday

Verwässerung gibt es aber auf jeden Fall: Gewinnverwässerung. Der Gewinn pro Aktie ist natürlich geringer, wenn er sich auf mehr Aktien verteilt.
Fragt sich, wofür sie das Geld brauchen. Im Moment habe ich keine Zeit, da nachzuforschen.
Wie so üblich, fehlt eine Angabe darüber, wie das netto vom brutto aussieht, d.h. wieviele Tonnen Butter die underwriters sich aufs Brot schmieren. Hoffentlich nicht zuviel, es verkürzte sonst deren Lebenserwartung....

This is precisely the point: the company did not NEED this additional capital. This strongly suggests that the company has increased its capital because it ALREADY has an acquisition in mind OR it plans on a significant expansion at Guanajuato - to boost production.

It would be difficult to come up with any other potential "reason" for doing a financing when the company has such strong cash-flow.

Making Money on Miners, Part II

In the first part of this series, I began by laying out the chronology of events which characterizes the development of practically all mining projects.

1) Early exploration

2) Extensive drilling

3) Resource estimate

4) Economic assessment

5) Major financing

6) Construction of mine

7) Commercial production

I reviewed the first phase of development – early exploration – and began to discuss the second phase: extensive drilling. I wrote in general terms how we as investors plan our investing/trading strategy around these results.

In many respects this extensive drilling is the most crucial phase in the development of any mining project. Obviously the most important aspect of this work is to demonstrate there is enough quantity/quality of ore to justify the huge capital costs which are generally required to bring a mine to production.

Equally important, however, is the efficiency of these mining companies as they explore their properties. Drilling is expensive, labour intensive work. Those management teams who are able to “define” their mineral deposits more quickly and efficiently than their peers will usually reward their shareholders with a superior return on their investments...

full commentary: http://www.bullionbullscanada.…old-commentary&Itemid=131

U.S. Housing Collapse Now Exceeds ’09 Lows

After two years of U.S. “economic growth” and two years of U.S. “jobs growth”, the U.S. housing market has now plummeted lower than at the “bottom” of the original crash. How can this be?

Regular readers can easily answer that question. There has been no U.S. economic growth or jobs-growth. The supposed “gains” in GDP (quarter-after-quarter) are nothing more than the automatic statistical consequence of lying-about-inflation. Quite simply, every percentage point that the U.S. government understates inflation automatically exaggerates economic growth by an identical amount.

For those not conversant with these statistics, all GDP reports must be “deflated” by the full rate of inflation, otherwise rising prices will be mistaken for increased growth. This is why lying-about-inflation is so popular, especially with Western governments – it’s a lie which always produces a two-for-one pay-off.

On the employment front, the U.S. Bureau of Labor Statistics has methodically twisted all sources of primary data, turning any and every employment report on the U.S. economy into 100% fiction. The empirical evidence paints a clear picture.

House prices continue to plummet and inventories of empty, unsold homes continue to grow – despite housing starts sitting at record-low levels month after month. Another disastrous holiday shopping-season clearly demonstrated the lack of purchasing-power which comes from a lack of jobs. The line-ups for food-stamps in the U.S. get longer and longer every month, and no thinking adult who looks at the chart below could possibly believe the myths of a “U.S. economic recovery” or U.S. jobs-gains...

full commentary: http://www.bullionbullscanada.…:us-commentary&Itemid=132

Making Money on Miners, Part I

At Bullion Bulls Canada, we have made it one of our “missions” to provide a complete learning resource for precious metals miners. Our goal is to offer investors a “tool” which will allow even complete novices to this sector to learn to invest on their own with these companies.

We consider our Mining Company database and “Education Vault” already superior to any other package of information available at other sites. The former provides extensive data on many of the most-promising miners, while the latter offers a complete “teaching” tool regarding all of the principle fundamentals for both precious metals miners, and precious metals themselves.

There is, however, still plenty of room to build upon this. In this piece I will seek to simplify and “connect-the-dots” on various concepts which we have introduced to readers in previous articles. It is imperative that readers (and especially novice investors) familiarize themselves with all of our previous material on this subject, rather than seeking to use this piece as some simplistic “formula” which they can blindly rely upon in order to (supposedly) reap huge gains.

With all mining companies, there is a specific “evolution” that takes place with any/every project which eventually becomes a mine (subject to only rare exceptions). This progression is as follows:

early exploration-> extensive drilling-> resource estimate-> economic assessment-> major financing-> construction of mine-> commercial production

There are two important observations which can made about this mining cycle. First, most but not all of these “phases” imply developments in a particular project which should increase the share price. This in turn implies that each phase of operations is executed competently by management, and (in the case of earlier phases) that the company experiences a certain degree of “luck” in that the mineral resource which they expect to find through their exploration and drilling is actually proven through subsequent drilling results and technical modeling...

full commentary: http://www.bullionbullscanada.…old-commentary&Itemid=131

Japan Catastrophe Pressures Deadbeat Debtors

...Japan was gripped with enormous structural deficits before these series of tragedies struck. Thanks to the horrific damage to infrastructure, Japan faces massive spending requirements, even as its capacity to generate wealth/income has been severely impaired. It highlights the unforgivable negligence and recklessness of Western “leaders” in creating these structural deficits in all of our economies – with the consequence being that none of our economies is prepared to withstand any sort of major catastrophe in our own backyards.

The size of Japan’s already-huge deficits can only soar higher. This effectively cuts Japan off from international debt markets, as Japan’s ability to even service these higher debt-loads is seriously in question. Longer term, debt-default now seems a virtual certainty for Japan. Thus, the only way Japan could engage in any foreign borrowing is through much higher interest rates (to compensate lenders for greatly increased risk). However this would drive-up the costs of servicing Japan’s existing debt by such an extreme amount that arguably any and every dollar which Japan could borrow would simply be consumed in rising interest payments.

Effectively, Japan can do nothing but print money by the trillions (the “Bernanke solution”), while its economy sinks further and further into debt. This is now a scenario which could quickly and easily degenerate into a hyperinflation spiral, as it now becomes very similar to that of Weimar Germany.

With Weimar Germany, it was the combination of huge, existing debts and future spending obligations which together were impossible for that economy to continue to manage which precipitated hyperinflation. It is the combination of gigantic debts and the future expectations that things can only get worse which destroys confidence in a currency. And as with all scams, the inherent “con-game” (i.e. confidence game) of fiat currencies can only continue as long as the “chumps” (i.e. us) can continue to be duped into believing that all this worthless banker paper has “value”...

full commentary: http://www.bullionbullscanada.…old-commentary&Itemid=131

The Great Gold Bait-and-Switch

The early decades of the 20th century was a time almost incessantly dominated by one catastrophe after another, subject only to a period of manic economic euphoria, sandwiched between two “World Wars”. Sadly, one will gain little understanding of this tragic period from our “history books”.

The shocking revisionism which is shamefully on display in our modern textbooks and tomes on “history” comes in many forms. Nowhere is this re-writing of events more obvious than with respect to the cause of the Great Depression, and the subsequent response to this deliberately-created crisis.

Much of this history (the real “history”) centers on the efforts by the the ultra-wealthy to destroy and discredit silver-as-money, and is covered in great detail in Charles Savoie’s seminal research on “The Pilgrims”, which he has entitled “The Silver Stealers”. While I intend to spend a considerable amount of time and effort in the future discussing Savoie’s work, this piece is instead dedicated to the gold-stealing which occurred during this same period of time.

Obviously, the particular event to which I refer was the traitorous decision by Franklin Roosevelt to confiscate most of the gold of U.S. citizens, and to do so in the most duplicitous manner possible. Again, one will gain absolutely no understanding of this betrayal by the U.S. government from our “history books”. Fortunately, a superb essay by Garet Garrett provides us with not only a detailed account of events, but his own superb analysis on the hijacking of U.S. democracy which took place at this same time...

full commentary: http://www.bullionbullscanada.…old-commentary&Itemid=131

Disinformation and Silver Confiscation

There have been two trends in precious metals markets in recent weeks which I find very alarming. On the one hand, we see the large “shorts” (JP Morgan and HSBC) in the bullion market ratcheting-up their short positions again.

Understand that these short positions are tremendously underwater, and once the 100:1 paper-leverage of these financial terrorists is factored in, their short positions already represent large enough losses to ensure the bankruptcy of both of these vampires. Thus the fact that these ‘life-threatening’ short positions are increasing (and being allowed to increase) tells us two things.

First, it is confirmation that the hopelessly corrupt U.S. Commodity Futures Trading Commission is simply going to defy the law, which requires these banker-slaves to institute “position limits” against the very Oligarchs they have dedicated their careers to serving. It is also apparent that JP Morgan and HSBC are now openly charging toward their own bullion-Armageddon: default events in the silver market (and possibly the gold market as well) which would lead to their financial annihilation – in the absence of any government intervention.

Obviously the key phrase in that paragraph is “in the absence of government intervention”. I will return to that point later.

The other recent trend which I find equally disturbing is the sudden explosion of rhetorical rants on the internet, which specifically revolve around the battle-cry of “taking down JP Morgan” or even the entire U.S. financial system. As a silver bull, there are many reasons for me to be dismayed by this rabid and incessant rhetoric...

full commentary: http://www.bullionbullscanada.…ver-commentary&Itemid=130