Bob Chapman : the debt ceiling discussions are nothing but political theater it is a national disgrace , the people should get rid of them all politicians they are all bought and paid for we have a corporate fascist government they will continue to do what Wall street and banking want because they are paying them , you and I as constituents are not paying them if you do not pay the you do not get in the action it's pretty simple
Monday, July 25, 2011
Gold hits $1,624/oz record high before pulling back
Gold prices reached new records in London and New York, and then slow down the pace with fluctuations above the threshold of $ 1,620 an ounce. It is now oscillating 
around $ 1,621 after reaching a record high of 1624.07 in London and the peak of 1624.30 in New York, in a market that is concerned about the difficult negotiations on the U.S. debt and the debt crisis of the Eurozone. There was a very sharp move higher on gold in early trading coming out of the weekend. It went close to vertical for the first 45 minutes of trading and hit a new high of $1,624/oz . Prices have pulled back from the highs, but are holding above the previous resistance/range.
around $ 1,621 after reaching a record high of 1624.07 in London and the peak of 1624.30 in New York, in a market that is concerned about the difficult negotiations on the U.S. debt and the debt crisis of the Eurozone. There was a very sharp move higher on gold in early trading coming out of the weekend. It went close to vertical for the first 45 minutes of trading and hit a new high of $1,624/oz . Prices have pulled back from the highs, but are holding above the previous resistance/range.
David Morgan : In round numbers the SLV is ten times bigger than the COMEX !!!
DAVID MORGAN - SILVER PRICE MANIPULATION, DELIVERY DEFAULT & SUPPLY SHORTAGE RISKS
Here's a newly released interview between Chris Martenson and David Morgan focused on addressing the persisting question of "Is the silver market free & fair?". Not surprisingly to many, the answer is "No" - but the discussion here is a deep dive into the 'why' and the 'how' of the matter. Also, David explains why silver supply is much tighter than most most market participants realize; making the risk of default within the major trading vehicles (exchanges, ETFs, etc) unacceptably high. This interview took place on July 20th 2011
David Morgan : it is definitely not a free market in the true sense of the word says David Morgan but it is not as manipulated as some people think , the overall trend in Gold and Silver cannot be manipulated , I can almost guarantee that there are multiple owners for every bar that SLV ETF report , it does not mean that that bar does not exist , there are leases and swaps multiple claims on the same silver bar says Morgan , SLV is paper investment that's not silver , you should not consider it as your primary silver investment . The SLV has claim to roughly 300 million ounces of Silver the amount of silver that is held by the dealers on the COMEX is less than 30 million , so in round numbers the SLV is ten times bigger than the COMEX , and the COMEX is what gets all the attention .
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
Here's a newly released interview between Chris Martenson and David Morgan focused on addressing the persisting question of "Is the silver market free & fair?". Not surprisingly to many, the answer is "No" - but the discussion here is a deep dive into the 'why' and the 'how' of the matter. Also, David explains why silver supply is much tighter than most most market participants realize; making the risk of default within the major trading vehicles (exchanges, ETFs, etc) unacceptably high. This interview took place on July 20th 2011
David Morgan : it is definitely not a free market in the true sense of the word says David Morgan but it is not as manipulated as some people think , the overall trend in Gold and Silver cannot be manipulated , I can almost guarantee that there are multiple owners for every bar that SLV ETF report , it does not mean that that bar does not exist , there are leases and swaps multiple claims on the same silver bar says Morgan , SLV is paper investment that's not silver , you should not consider it as your primary silver investment . The SLV has claim to roughly 300 million ounces of Silver the amount of silver that is held by the dealers on the COMEX is less than 30 million , so in round numbers the SLV is ten times bigger than the COMEX , and the COMEX is what gets all the attention .
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
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