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When we had last checked on the total silver sales by the US Mint earlier today, the amount given was 3,407,000 ounces, a number which we had earlier speculated would be a monthly record if sales were maintained at the current pace. And as the number had not been updated we assumed that "either buying interest has ceased overnight (unlikely), that the mint is not updating its numbers (likely), or, worse, that the Mint has now stopped selling any form of silver for reasons unknown." Indeed, the result was the likely one, and following a quick check today on US Mint sales confirms that sales have once again surged following the Mint's delayed update. As of today they stood at a whopping 4,588,000, or nearly 1.2 million ounces sold in a few short days. This represents the biggest monthly total sold by the US Mint going back to 1986 when the Mint disclosed its first monthly sales record… And the month is not even over yet.

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Any wonder how within days of the appointment of former high level JP Morgan executive William M. Daley to the position of Chief of Staff of the White House that the CTFC voted to exclude JP Morgan's grandfathered positions from being subject to the same position limits as almost everyone else and that silver and gold have been under pressure ever since? Ongoing silver manipulation by the Fed's assigned agent of silver supression now fully authorized by the CTFC.

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Here is a comment I wrote on CNBC in regard to the article entitled "Central Banks Cloud Commodity Outlook: Economist," which discussed ECB talk of raising interest rates and the idea that the Fed will actually discontinue QE near term:

Read more on Today is President Hu's Visit MOPE Day helped by ECB and Fed Statements: QE Is now Permanent. No If's And's or Buts….

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Demand for silver in India, where imports of the metal surged more than sixfold in the first half of 2010, is increasing as investors seek an alternative to higher-priced gold, according to a trader.

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Stories like this and in much greater detail will be posted at Progressive user driven publication The Duffminster Times.

Now that Obama has appointed a Banking Executive who was the Midwest Chair of JP Morgan and is expected to appoint former Goldman Sachs consultant Gene Sperling to head the National Economic Council, I think we can expect an increase in attempted efforts to suppress silver and gold prices and that every effort will be made to keep the Casino and Bookie operations of the These Two largest beneficiaries of the Financial crisis they helped create gaining ever more control of government.

Read more on With JP Morgan and Goldman Sachs Now Running the Obama Administration, expect more Funny Business…

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In another typical example of orchestrated "Management Of Perception Economics" the establishment media focuses on the questionable ADP and challenger job numbers ignoring the substantial deviation with the ISM Employment Index and these terribe CMBS numbers and continuing poor housing prices numbers.

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the big commodity indices that are used as benchmarks by various fund managers are reweighted with the percentage of the commodities making up the basket tracked by each particular index varying depending on the methodology employed by the owners of the index.

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There is Drastically Less Silver Available than There was when it was Trading at $50 an ounce. 1/10th as much as in 1940

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Duffminster Times

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The Xtranormal bubble is now bigger even than Netflix. And all who have been waiting to understand the JP Morgue silver manipulation scheme explained by cartoon bears, here it is. Also, The Ben Bernank makes a cameo appearance. We recommend having some blood in your alcoholstream before watching this.

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