This year marks the 50th anniversary of the end of the gold standard in the U.S. In August 1971, President Richard Nixon formally unpegged the U.S. dollar from gold..
The Commercial net short position now stands at only 199.2 million troy ounces, down from the 260.8 million troy ounces they were short in last week's COT Report.
The Big 8 are short 271.9 million troy ounces of silver in this week's COT Report..
Therefore, the key to the silver (and gold) universe is still what the 8 big shorts intend to do on the next rally – do they add aggressively to shorts on the next rally (as they always have in the past) or do they stand aside and let prices soar (and even buy)?
The IMF is issuing record amounts of SDRs, $650 billion. This is 500% more than they issued in 2009. This new Ponzi, on top of other fiat Ponzis, doesn't end well. None of us own enough Silver & Gold.
Clearly millions of investors around the world see the need to own physical gold and silver right now. This data suggest they see an even greater need than last year. We can be frustrated at the poor price action so far this year..
Silver, Gold and many other commodities.
China strategy on solar, semi-conductors, steel and other manufacturing.
The EPA as a barrier to the USA being competitive.
Short trading and squeezes.
On Friday, August 6, the price of silver fell over a dollar/oz. Why did it fall? We provide forensic analysis of the price move in silver, using our silver basis and cobasis indicators.
Rick Rule joins us to explain the Debt Trap that the Fed is currently in. With no realistic options, there is only printing available. Can they Taper? Can they raise rates?
Dave Kranzler & James Anderson join us to discuss the building problems in the housing market, the mortgage lending market, the House to Silver ratio, the House to Gold ratio.
