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Visualizing Silver

Discussion in 'Gold Silver (All things Metal)' started by searcher, Mar 10, 2017.



  1. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    13 Stunning Visualizations of Silver Put Global Debt Into Perspective
    Visual Capitalist

    Thursday, March 9th


    Although gold has a bigger reputation today as a monetary metal, it was often deemed too valuable for everyday transactions throughout history.

    For the most part, common people in places like Ancient Rome used silver to buy daily staples like grain or wine. As a result, silver has a strong reputation through monetary history as the “people’s money”.

    Even today, silver is still much more widely accessible. With one ounce of gold being 70x more expensive than an ounce of silver, it’s difficult for someone who is just starting to accumulate wealth to own gold.

    Visualizing Silver
    What do savings and debt look like, using the “people’s money”?

    Below is everything from the average paycheck to global sovereign debt visualized as silver cubes.

    1. A median U.S. family brings in $2,355 per pay period (semi-monthly) pre-tax.
    [​IMG]

    2. However, the median American family only has about $5,000 of savings.
    [​IMG]

    3. The standard silver delivery bar holds 1,000 oz of silver.
    [​IMG]

    4. Average household debt is $98,312, with mortgage debt being the primary component.
    [​IMG]

    5. A Lamborghini worth over $400,000 needs a silver cube with 16-inch (0.4m) sides.
    [​IMG]

    6. Using a silver price of about $18/oz, here’s what $1 million looks like.
    [​IMG]

    7. Every day, the world’s mines produce about 75 tonnes of silver, worth over $44 million.
    [​IMG]

    8. Silver Eagle sales have jumped considerably since the Financial Crisis.
    [​IMG]

    9. When the Hunt Brothers tried to corner the silver market, they hoarded 200 million oz.
    [​IMG]

    10. Today, almost 900 million oz of silver is mined each year.
    [​IMG]

    11. JP Morgan’s market capitalization, in comparison to previous cubes.
    [​IMG]

    12. All silver ever mined would not compare to the Fed’s balance sheet, which is now $4.5 trillion.
    [​IMG]

    13. Global sovereign debt is 13X bigger than all previous cubes combined.
    [​IMG]

    Liked our visualizations of silver cubes?

    Don’t forget to check out 11 stunning visualizations of gold.

    The Money Project is an ongoing collaboration between Visual Capitalist and Texas Precious Metals that seeks to use intuitive visualizations to explore the origins, nature, and use of money.

    SilverSeek.com

    http://silverseek.com/article/13-stunning-visualizations-silver-put-global-debt-perspective-16392
     
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  2. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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  3. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    Silver Very Undervalued from Historical Perpective of Ancient Greece
    GoldCore

    Thursday, March 9th


    – What wages in ancient Athens can tell us about the silver price today
    – Wages paid in silver in ancient Athens compared to wages today
    – Silver massively undervalued compared to the past few thousand years


    [​IMG]

    by Dominic Frisby

    Today we look at the wages paid to oarsmen on warships in ancient Athens in 450BC.

    I bet you’ve never read a Money Morning that began like that before.

    Why on earth would I want to do such a thing?

    Because it tells us a great deal about the silver price today…

    How wages in ancient Athens compare to today

    In The Economy of Ancient Greece, historian Darel Engen describes how the Athenian unit of money – the talent (about 26kg of silver) – could purchase nine years of a skilled man’s labour. If we assume 250 working days in a year, that works out at about 11.5g of silver per day – a little under 0.3 of a troy ounce.

    A kilo of silver today is about £460, so nine years’ skilled labour would amount to about £12,000 in today’s money. That makes a year’s skilled labour about £1,333, and a day’s £5.29.

    Fast forward to today. The average wage in the UK construction industry, which I’ll use as an equivalent, is about £30,000 per annum, or £120 per day. It seems that today’s British labourer is earning considerably more than his ancient Athenian counterpart.

    We must, however, factor taxation into our calculations in order to appreciate what the worker actually took home with him. Enlightened souls that they were, there was no direct taxation on income in ancient Greece. The large part of the expenses of the city were shouldered by the rich, who made their donations voluntarily – sort of – through the system of liturgy.

    In the UK today, on the other hand, somewhere between 40% and 55% of the average worker’s income is taken, one way or the other, to pay for the state, depending on whose figures you use (and that’s before you factor in inflation taxes).

    For the sake of simplicity, let’s use a 40% figure and go with an after-tax income of £72 per day – or £18,000 per annum. So even after taxes, the modern labourer would seem to be earning considerably more than the ancient – over ten times as much.

    As Greece was the most advanced civilisation in 450BC, perhaps we should only be comparing it to the developed world. But even if we factor in less developed nations, the modern worker appears to be earning more than the ancient.

    Globally, according to the United Nations International Labour Organisation (ILO), the average salary is $18,000 – say £14,000, or £56 per day. That would be £34 after 40% taxes.

    An Athenian warship, the trireme, cost about a talent to build (£12,000). A trireme’s unskilled oarsman would be paid 4.3g of silver each per day (£2). The cost of building the Parthenon was 469 talents, according to Professor Thomas Sakoulas. That works out, according to my maths (469 x 26 x 460) at about £5.6m. The cost of building the Shard, by way of comparison, seems to have been around £435m.

    Silver is dirt cheap compared to the past few thousand years

    To compare modern and ancient prices might seem like a ridiculous and redundant exercise – the two worlds are so different – but there is a point to all this. Measured in silver, salaries actually remained fairly constant until the 20th century.

    The Babylonian worker might have been looking at 2g of silver (92p). The Roman unskilled worker, like the Greek, might have been on around 4.2gs of silver, at least until Romans started chipping their coins.

    The wages of the medieval English worker seemed to have fallen back towards Babylonian levels by 1300. He got 2.8g, while a skilled city craftsman might have expected 5.6g – about half what an Athenian was paid.

    That would grow, however, over the next 500 years, until by the 19thcentury the skilled labourer might be looking at around 24g of silver per day, according to author David Zucherman, and an unskilled between a third and half that. The labourer in the 19th century was getting around double the pay of his 450BC Athenian counterpart. It’s more, but it’s not that much more.

    Compare that to today. I used the figure of £30,000 earlier – the average wage of a construction worker – £120 per day. That amounts to 260g of silver, compared to 11.5g for that Athenian worker. Today’s pay dwarfs that of any pre-20th century worker in history.

    Wages have risen, of course they have – but not by this much relative to the cost of living, status and so on within a society.

    The issue is not that wages have soared. It’s that silver – now that it no longer has any monetary role – has fallen to absurdly cheap (on a historical basis) levels. (It’s also absurdly cheap on a geological basis, as I argued here

    If today’s wages of £120 were to equal the Athenian equivalent of 11.5g (say 12g for simplicity’s sake), you could make the argument that silvershould be £10 per gramme (currently 46p per gramme). That’s over 20 times higher than today’s silver price of $18.50 an ounce – more like $400 per ounce.

    At $400 per ounce, not only do wages correspond, but so does the cost of building a ship or a landmark city building.

    One day we will get some kind of silver reversion to its historical mean. Does that mean we should all go out and buy shedloads of silver with the expectation of making 20 times our money?

    Not really. That day of historical mean reversion probably won’t come in our lifetime and most of us invest within three to five year time frames. But you should all own a little bit, just in case it does.

    ‘What wages in ancient Athens can tell us about the silver price today’ can be accessed on Money Week here

    Also by Dominic Frisby: Buy Silver – “Best Precious Metals Trade”

    [​IMG]

    Gold and Silver Bullion – News and Commentary

    Gold Suffers Worst Run Since October as Slide To $1,200 Looms (Bloomberg.com)

    Asian markets mostly in the red, as China’s inflation hits 2-year low (MarketWatch.com)

    Gold edges down to five-week low ahead of U.S. jobs data (Reuters.com)

    Indian Gold Imports Said to Almost Triple on Wedding Demand (Bloomberg.com)

    [​IMG]

    Rising Interest Rates Should Prove Bullish For Gold (ETFDailyNews.com)

    Sovereign & Corporate Credit Ratings: Slow Motion Disaster Spectacle (TrueEconomics)

    Bitcoin, Gold and the Risks of Bum Comparisons (Bloomberg.com)

    Where Are We Today? (Plata.com)

    Why Commodities Could Be on the Verge of a Massive Surge (GoldSeek.com)

    Gold Prices (LBMA AM)

    09 Mar: USD 1,204.60, GBP 991.39 & EUR 1,140.64 per ounce
    08 Mar: USD 1,213.30, GBP 997.70 & EUR 1,149.00 per ounce
    07 Mar: USD 1,223.70, GBP 1,003.56 & EUR 1,157.62 per ounce
    06 Mar: USD 1,231.15, GBP 1,004.74 & EUR 1,162.82 per ounce
    03 Mar: USD 1,228.75, GBP 1,005.12 & EUR 1,168.05 per ounce
    02 Mar: USD 1,243.30, GBP 1,013.17 & EUR 1,181.14 per ounce
    01 Mar: USD 1,246.05, GBP 1,007.18 & EUR 1,182.50 per ounce

    Silver Prices (LBMA)

    09 Mar: USD 17.14, GBP 14.10 & EUR 16.23 per ounce
    08 Mar: USD 17.40, GBP 14.32 & EUR 16.48 per ounce
    07 Mar: USD 17.70, GBP 14.52 & EUR 16.74 per ounce
    06 Mar: USD 17.81, GBP 14.53 & EUR 16.83 per ounce
    03 Mar: USD 17.66, GBP 14.44 & EUR 16.76 per ounce
    02 Mar: USD 18.33, GBP 14.93 & EUR 17.42 per ounce
    01 Mar: USD 18.33, GBP 14.89 & EUR 17.40 per ounce
    28 Feb: USD 18.28, GBP 14.70 & EUR 17.24 per ounce

    http://www.goldcore.com/us/

    SilverSeek.com

    http://silverseek.com/article/silver-very-undervalued-historical-perpective-ancient-greece-16389
     
  4. gliddenralston

    gliddenralston Gold Member Gold Chaser

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    Yea!! A good post with no Teflon Don cheerleading.
     
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  5. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    Weatherman likes this.
  6. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    Second verse same as the first but with a bit more than the OP.

    Silver, 13 Stunning Visuals & Comparisons in Value
    Junius Maltby



    Published on Mar 17, 2017
    Another awesome visualization comparing a precious metals value to various sizes, institutions and financial measurements, brought to us by the Visual Capitalist and Texas Precious Metals - presented here by JUNIUS MALTBY. Thank you for watching. Join the conversation!


     
  7. southfork

    southfork Mother Lode Found Mother Lode

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    Seems the world is falling apart and metals cant hold their own, don't know
     
  8. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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  9. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    REALIST NEWS - Another Item That Needs Silver: Films for flexible displays, touch screens
    jsnip4



    Published on Mar 23, 2017
    Today's Playlist: https://www.youtube.com/watch?v=B-B0d...

    Article: https://m.phys.org/news/2017-03-trans...

    Donate to support the show: https://www.paypal.com/cgi-bin/webscr...

    Bitcoin Donation: 151w21QWRTAdKKXh8aKFmn6hBNvTman9V7
    QR Code: https://www.realistnews.net/QRCode.png

    http://www.jmbullion.com/?utm_source=... (Recommended for Silver and Gold Purchases.)

    http://www.realistnews.net
     
  10. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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  11. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    Take this fwiw and dyodd.

    Silver Production Costs
    Junius Maltby



    Published on Mar 23, 2017
    Please, before you delaminate, spaz out and go full autistic in the comments - finish the video. The Junius Maltby channel takes a moment to explore and discuss SILVER PRODUCTION COSTS. LINK TO REPORT: https://www.silverinstitute.org/World...
     
  12. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    How Sustainable is $100 An Oz Silver?
    SalivateMetal



    Published on Mar 25, 2017
    The "what if" scenario of the present age regarding silver prices.
     
  13. Chester-Copperpot

    Chester-Copperpot Gold Member Gold Chaser Site Supporter Platinum Bling

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    Look at all those silver cubes, no wonder it's so cheap.
     
  14. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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  15. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    FWIW................

    Will Silver Top $20 Soon?
    Silver Fortune



    Published on Apr 9, 2017
    Okay, so maybe $20 isn't that high of a price for silver to some of you. Even so, it an important psychological barrier to break through. Keep in mind, we were trading in the $15 dollar range not so long ago. This discussion lays out why I think silver is poised to break through $20 in the next month or two, and I tell you why.

    When Will Silver reach $50 again?:https://www.youtube.com/watch?v=d3T8v...

    Why Did Silver and Gold Crash in 2008? (During a Recession):https://www.youtube.com/watch?v=u-qOe...

    Enjoy my videos? Donate in Bitcoin: 1P94S6U6Upob4gjH1HwfnNcYqGmW2gUbr1

    Support my channel on Patreon: https://www.patreon.com/silverfortune
     
  16. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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  17. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    too funny, silvah...........................

    1.jpg
     
  18. andial

    andial Sir Midas Member Site Supporter ++

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    Growth in print media which rely's heavily on silver should keep prices boyant.
     
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  19. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    Silver Production Has “Huge Decline” In 2nd Largest Producer Peru
    By: GoldCore
    – Silver production sees “huge decline” in Peru
    – Production -12% in one month in 2nd largest producer
    – Silver decline is due to ‘exhaustion of reserves’ in Peru
    – GFMS recognise that ‘Peak Silver’ was reached in 2015
    – Global silver market had large net supply deficit in 2016
    – Silver rallied 13.5% in Q1 in 2017
     
  20. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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  21. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    Global Silver Production and Demand DROPS for the First Time in 14 Years
    Rory Hall

    Thursday, May 11th

    hat tip/Louis-smaulgld.com

    For the first time since 2002 global silver mining/scrap production dropped. Silver is a direct reflection of electronics demand and manufacturing. Without silver our world would not be the same. The computer or phone you’re reading this on would not exist. The TV, wiring in your house, just for starters, would not work without silver. Silver is a great indication of how our economy – globally – is growing or contracting. It appears there was a contraction in 2016. Just remember, the economy is robust and growing, or so they say on TV.

    What does it mean?

    Well, according to what we have witnessed over the past three weeks with the rigged COMEX silver “price mechanism” absolutely nothing. Could it be the criminals at the CME Group and bullion banks had an advanced copy of the Silver Institutes report and have been beating down silver in preparation of this news being released today? Anything’s possible.

    Silver production declined 32.6 million ounces. This decrease was in both mine production and scrap. In the grand scheme of things, it’s not that much of a drop, but in a market the size of the silver market it is a significant amount. With just over 1 billion ounces coming to market in 2016 this represents a 0.32% of the overall market.

    Global silver mine production in 2016 recorded its first decline since 2002, largely the result of lower by-product output from the lead/zinc and gold sectors. Coupled with less silver scrap supply to the market, which posted its lowest level since 1996, as well as a contraction in producer hedging, total silver supply decreased by 32.6 million ounces (Moz) in 2016. Source

    Global mining production in Mexico dropped the most with Australia and Argentina adding the overall drop. The bright spots in the global silver mining production were in Peru, China, Chile and Russia. Had these countries not posted net gains the drop could have been far worse.

    Global silver mine production declined by 0.6 percent in 2016 to a total of 885.8 Moz. A large proportion of the drop was attributable to the lead/zinc and gold sectors, where production dipped by a combined 15.9 Moz.Source

    Silver “scrap” was the biggest loser in 2016 posting the lowest amount of silver scrap since 1996!! It sounds like grandma’s silver set is either tucked away in the back of the closet or was sold off during the last up-leg in silver “pricing”.

    While silver jewelry production dropped in 2016 it was coming off a record level 223 million ounces in 2015. While silver jewelry declined by just over 16 million ounces it still chimed in at 207 million ounces with coins and bars coming in just shy of that number at 206.8 million ounces. Jewelry accounts for the second largest use of silver. With silver coins and bars sales falling off a cliff in 2017 it will be interesting to see how jewelry fares in this depressed market.

    Silver used for solar panels made a huge move in 2016 with a 34% increase. While the Silver Institute does not mention the projects in China, India and Morocco I feel confident these were driving force behind this surge in solar panel production. The cost per kilowatt produced by solar has dropped significantly over the past several years and this has definitely added to the increase of solar panel production.

    Silver demand for photovoltaic applications posted a noteworthy 34 percent rise to reach 76.6 Moz. This growth was the strongest since 2010 and driven by a 49 percent increase in global solar panel installations. Silver’s use in the ethylene oxide industry grew at the margin, yet it was a record performance for the sector supported by a 6 percent rise in global capacity. Source

    If we simply add the demand for silver jewelry, coins and bars and silverware we find a total of 465.9 million ounces. That leaves just over half the 1.007 billion ounces of TOTAL silver available for all uses. With the surge in solar panel production and that segment of the market using another 76.6 million ounces (this number will probably grow even larger in 2017) that only leaves 464.6 million ounces for all other silver applications! Not much silver to go around considering there are new uses and applications coming online all the time.

    The only good news regarding the volume of silver being used is the fact that all segments of silver use dropped, with two exceptions!! This is a direct reflection of the global economy grinding to halt. If you review the various segments that used silver you will see overall demand declined.

    Now for the numbers as reported by the Silver Institute:

    World Silver Supply and Demand (million ounces)
    (totals may not add due to rounding)


    Supply

    2015 2016
    Mine Production 890.8 885.8
    Net Government Sales – –
    Scrap 141.1 139.7
    Net Hedging Supply 7.8 -18.4
    Total Supply 1,039.7 1,007.1


    Demand

    2015 2016
    Jewelry 228.3 207.0
    Coins & Bars 290.7 206.8
    Silverware 62.9 52.1
    Industrial Fabrication 569.6 561.9
    …of which Electrical & Electronics 245.9 233.6
    …of which Brazing Alloys & Solders 61.5 55.4
    … of which Photography 46.6 45.2
    … of which Photovoltaic 57.2 76.6
    … of which Ethylene Oxide 10.2 10.2
    … of which Other Industrial 148.4 141.0
    Physical Demand 1,151.5 1,027.8

    Physical Surplus/Deficit -111.8 -20.7
    ETP Inventory Build -17.7 47.0
    Exchange Inventory Build 12.6 79.8
    Net Balance -106.7 -147.5

    Silver Price, $per oz. 15.68 17.14

    TheDailyCoin.org

    SilverSeek.com

    http://silverseek.com/article/global-silver-production-and-demand-drops-first-time-14-years-16581
     
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  22. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    FWIW............

    Expecting the Unexpected
    Theodore Butler
    |
    May 12, 2017 - 11:48am


    I am convinced that silver will soon explode in price in a manner of unprecedented proportions, both in terms of previous silver rallies and relative to all other commodities. By unprecedented, I mean that the price of silver will move suddenly and shockingly higher in a manner never witnessed previously, including the great price run ups in 1980 and 2011. The highest prior price level of $50 will quickly be exceeded.

    By “soon”, I mean that the move can commence at any time, but more likely before many weeks or months have gone by. I know that the price of silver has been declining on a daily basis nonstop for three weeks now, itself an unprecedented move, but I also know the reason for the decline and how the sharply improved COMEX market structure has always guaranteed a rally in a reasonable period of time. The only question is whether on the next silver price rally will JPMorgan add aggressively to its COMEX short positions. I’m suggesting JPMorgan is not likely to add to short positions on the next rally.

    At the heart of the unprecedented move higher in the price of silver is the manner in which it will occur. It will be a price move like no other. It will be the greatest short covering rally in history. That’s guaranteed because the COMEX silver short position is the largest and most concentrated short position in history. There is no buying force in the financial markets more powerful than panicky buying by those forced to cover short positions. The largest short position ever holds the potential for the greatest short covering rally ever. For more than 30 years, COMEX silver futures have had the largest short position of any commodity in terms of real world production and inventories. Yet while silver prices have had some notable rallies over the decades, none have included a genuine short covering panic. In fact, the uniquely large and concentrated nature of the COMEX silver short position (meaning it is held by just a few traders) is the mechanism by which silver has been manipulated in price all these years.

    The concentrated short position in COMEX silver futures and the price manipulation are one and the same. All price manipulations must come to an end. In silver that means that at some point the concentrated COMEX short position no longer increases, but instead gets covered for the first time on rising prices. The main reason is a subtle yet distinct change in the composition of the big concentrated short position in COMEX silver.

    JPMorgan has amassed a physical stockpile of silver of at least 600 million ounces by my calculations at an average cost of around $20 an ounce, all while continuing to make hundreds of millions of dollars in manipulative COMEX short selling. This epic accumulation has changed the composition of the concentrated COMEX short position more than any single factor.

    No longer is the largest COMEX silver short subject to extreme financial damage should silver prices explode. Instead, JPMorgan has pulled off the accumulation of the largest silver hoard in world history on declining prices. The bank has never been better positioned for a silver price explosion. In other words, there has never been a better time, from the selfish perspective of JPMorgan, for the price of silver to rip higher or a worse time for the other big shorts. And the recent deliberate price takedown has further reduced JPMorgan’s COMEX short position, greatly enhancing the prospects that JPMorgan won’t be adding to its COMEX short position whenever the next silver rally gets rolling.

    Should JPMorgan not add to its COMEX short position on the coming silver price rally, then it will be only a matter of time before the remaining big COMEX shorts wake up to the fact that they are toast. By “a matter of time” I am referring to days and weeks. When silver prices rise sufficiently, the remaining shorts will panic and begin to try to cover their short positions. This buying will send silver prices skyward and then touch off all sorts of other buying, including investment buying and then industrial user buying, perhaps the most potent buying of all. The best analogy I can come up with is an atomic bomb on top of a hydrogen bomb on top of a neutron bomb.

    The big shorts, apart from JPMorgan, appear to be mostly foreign banks according to CFTC data. The speculating foreign banks are precisely the type of short sellers most likely to panic when silver prices start to rally and it begins to take hold on them that JPMorgan is no longer the shorts’ protector and short seller of last resort.

    Even after the recent selloff, the short position in COMEX silver is still at astronomically high levels relative to all other commodities. The seven biggest shorts (ex JPM) are still short around 350 million ounces (70,000 contracts). It is impossible to imagine such an amount being purchased except at prices $20 to $30 higher, at a minimum.

    Then other forces will kick in, such as ETF buying, which has largely been somnolent for the past six years. On a rally where silver prices jump to $20 or $30, it would not be unreasonable to imagine $2 to $3 billion of investment demand coming from investors excited by rising prices. That’s not much of an investment in dollar terms, but it happens to equate to 100 million ounces of physical silver. I have trouble visualizing where that much silver would come from, particularly when this physical demand would likely occur as the seven big banks (dead men walking) are buying back in a panic. Then add buying by industrial users who face delivery delays caused by investment buying.

    The whole silver manipulation has become more obvious than ever, particularly this last deliberate selloff. The concentrated short position hit an all-time extreme a few weeks back on a rally to only $18.50 – the largest such short position at the lowest price ever. You have to ask where this thing is headed. How much longer can a manipulation last that is obvious to more observers than ever before? The name of the biggest manipulator is openly called out and the primary regulator can’t address the most basic questions about the illegal nature of the biggest bank in America holding the price of silver down on paper while it scoops up a huge hoard of physical silver. Something has to give soon and when it does, it will go down in history.

    Ted Butler
    May 12, 2017

    This is an edited version of an article previously sent to subscribers. For subscription information please go to www.butlerresearch.com

    http://silverseek.com/commentary/expecting-unexpected-16585
     
  23. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    Market Crash, Metals React, SILVER Analysis
    Junius Maltby



    Published on May 17, 2017
    Markets react to trouble in DC - DOW PLUNGES over 370 points, Precious Metals Respond Rising. In depth look at SILVER market with relation to Solar usage, supply and demand. JUNIUS MALTBY CHANNEL NEWS!
    JUNIUS MALTBY CHANNEL SUPPORT: https://www.patreon.com/JuniusMaltby

    **FAIR USE STATEMENT**
    This video may contain copyrighted material the use of which has not been specifically authorized by the copyright owner. This material is being made available within this transformative or derivative work for the purpose of education, commentary and criticism, is being distributed without profit, and is believed to be "fair use" in accordance with Title 17 U.S.C. Section 107.

    For more information go to: http://www.law.cornell.edu/uscode/17/
     
  24. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    FWIW..........................

    REALIST NEWS - Canary In The Silver Mine?
    jsnip4



    Published on May 18, 2017
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  25. Weatherman

    Weatherman In GIM since 2006 Gold Chaser Site Supporter

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  26. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    SOMETHING CHANGED IN THE SILVER MARKET IN MAY: Here Are 3 Reasons Why
    Steve St. Angelo

    May 24, 2017 - 10:14pm


    Something changed in the silver market in May as U.S. Silver Eagle sales have surged compared to the previous month. This is quite interesting as precious metals sales and sentiment have declined in the West, especially in the United States, ever since Donald Trump was elected President.

    Many precious metals investors thought that if Trump was elected, it would have been very positive for the gold and silver market. Unfortunately, it seems as if the opposite was (is) the case. Not only has demand for precious metals declined considerably in 2017 versus last year, so has sales of guns, ammo and survival food-supplies. I gather many of those who follow the alternative media believe Trump is actually going to make America Great Again. So, why protect oneself from a collapse?

    This is a very bad assumption… as nothing has changed with Trump in the White House. Furthermore, many analysts are saying that what Trump is doing could actually speed up the collapse of the U.S. economy and financial system.

    Regardless, the fundamentals in the U.S. economy continue to disintegrate. We are seeing economic bubble indicators reach or surpass what took place in 2007, before the bloodbath hit the U.S. Housing and Financial Markets. However, there is one additional negative factor that wasn’t a problem in 2007 that is now a BLINKING RED LIGHT.

    What is this new lousy fundamental? It’s the U.S. and Global Oil Industry. Back in 2007, most of the oil and gas companies were making decent cash flow and profits. Unfortunately, the situation in the Oil Sector is orders of magnitude much worse than what is was in 2007. Not only are the majority of oil and gas companies losing money, they have been also cutting their oil reserves.

    This is extremely bad news for which very few Americans are aware. Thus, we are now facing an extremely negative DOUBLE-EDGE SWORD of bubble economic indicators on top of a disintegrating oil industry. Which means… the situation today is much worse than what took place back during the 2008 Global meltdown.

    U.S. Silver Eagle Sales Surge In May Due To 3 Reasons
    U.S. Silver Eagle sales surged 140% in May versus April… and we still have another week remaining in the month. According to the recent update by the U.S. Mint, Silver Eagle sales reached 2,005,000 so far in May compared to 835,000 in April:

    [​IMG]

    After seeing this spike in Silver Eagle demand, I called up a few of my contacts in the industry and asked if they could shed some light as to why sales jumped in May. According to several sources, they stated that the huge increase in Silver Eagle sales were due to three reasons:

    1. There was an extremely large purchase by a single wholesaler in the Northeast.
    2. The small retail buyer came in a big way as premiums were lowered the most in seven years
    3. A group of respected technical analysts gave a buy signal for the Silver Market when silver was trading between $16-$16.25

    These three reasons stated by my contacts, are what has likely driven demand for Silver Eagles to the highest level seen so far this year… if we exclude sales in January, which are always elevated as wholesalers are stocking up on the debut of the new coin release.

    It seems as if a large buyer in the Northeast believes silver is a good deal at this price. Furthermore, when the wholesalers lowered the premiums (lowest in seven years), there was an immediate surge in Silver Eagle buying via small retail investors which caused the premium to increase once again. Also, the silver market underestimates the reaction when certain Technical Analysts put out a BUY SIGNAL. Many individuals who follow or subscribe to these analysts, are big investors. So, when they see a buy signal… they do so in a BIG WAY.

    That being said, I would like to remind those reading this article (that might be new to the precious metals industry) please make sure you understand the difference between “PREMIUM” and “COMMISSION” when you decide to purchase precious metals. There are a group of very widely advertised precious metals dealers that may have lowered their premium along with the other dealers, but still charge very high commissions for their products or services.

    IMPORTANT NOTE: The PREMIUM is what the dealer pays the wholesaler for the coin or bar. The COMMISSION is what the dealer charges his client above the premium. You need to ask what the commission you are being charged as many new investors are being taken advantage of… but don’t realize it until later, when it is too late.

    While two million Silver Eagle sales so far in May are less than they were last year (4,498,500), this surge in demand suggests that the hype surrounding a Trump Presidency may be fading… and quickly. If we take a look at Silver Eagle sales from FEB to MAY, we can clearly see that something has changed recently:

    [​IMG]

    If the strong demand trend continues for the remainder of May, we could see Silver Eagle Sales reach 2.5-2.8 million. Again, this is lower than what it was last year, but it is a sign that market is starting to SMELL A RAT. And that RAT is a totally inflated STOCK, BOND & REAL ESTATE MARKET.

    In addition, Silver Eagle sales are now out-performing Gold Eagle sales. For example, in March when U.S. Silver Eagle sales were 1,615,000, Gold Eagle sales were 56,000 oz. However, Gold Eagle sales in May are only 42,000 oz, while Silver Eagle sales are over 2 million. Thus, the market is purchasing 48 times more Silver Eagles than Gold Eagles currently.

    Lastly, for those precious metals investors who are frustrated by the disappointing paper Gold and Silver price performance since 2012, the STOCK, BOND and REAL ESTATE markets have never been in such BUBBLE TERRITORY. For some odd reason, many precious metals investors tend to overlook the $7 trillion in Central Bank assets purchases (that were made public… could be much higher) from 2011-2016, and the whopping $1 trillion purchased in just the first four months of 2017.

    It seems as if many Americans are suffering from BRAIN DAMAGE as the MainStream Media continues to put out the most misinformation and propaganda in history. This causes individuals to lose the ability to think CRITICALLY. And with that will come a great deal of pain and misfortune when we finally see the collapse value of most STOCK, BOND and REAL ESTATE prices.

    Check back for new articles and updates at the SRSrocco Report.

    http://silverseek.com/commentary/something-changed-silver-market-may-here-are-3-reasons-why-16629
     
  27. southfork

    southfork Mother Lode Found Mother Lode

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    Im beginning to think theres no hope for the moon shot, paper crap like bit coin , stocks going up and up and gold and silver dormant since 2011 .
     
  28. solarion

    solarion Gold Member Gold Chaser

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    Bitcoin isn't paper, but yeah it'd be nice if banksters would stop with their suppression games.
     

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