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Ok snurks - know what you mean about the glasses.

Squinting squirrel at your service.

Gaz - lol!

Following on from the charts I posted on the other side as sahara, it seems the miners are still holding in the 'Wave-E' formation and the lower line of the bullish 'Wedge' is holding. Awaiting the Fed decision. It could pop nicely to the upside confirming the Inv 'H&S' on the daily charts but we need the price confirmation....



S.

Some issues with the chart loading. I have pasted the linkable version url into the image location but it doesn't load?/

S.

Good to see you here S. Love your 'new' name.

Hope you had a safe time away. Are you back at base for awhile?

Got a couple of interesting pieces.
One is the link to the daily Bill Holter and the other one is a copy email from his Miles Franklin-buddy David Schectman

http://blog.milesfranklin.com/the-most-well-advertised-bank-run-in-history


From David's Desk

David Schectman

Gold and Silver Scream BOTTOM! BOTTOM!

In today's daily, I point out that the Fed has surrendered a lot of their gold in order to hold down the price. You do realize that this is a ploy that can't go on forever. Not with the massive buying coming out of China and India, as highlighted today by our own Ranting Andy Hoffman. Their goal is to discourage YOU from buying gold and hope instead that you will invest in the stock market and purchase U.S. Treasuries. But you know better, at least I hope you do by now.

Rick Ackerman says, "If trader can push Gold above $1,370 today, it will be bullish. It is an important inflection point." Ed Steer says, "It should be an interesting day for all four precious metals today and to be ready for anything."

Ted Butler wrote:

It's only because JPMorgan is so smart, powerful...and adept at manipulating markets...that they have been able to amass such a large gold long and small short silver position. The truth is maybe they can add more to the gold long and reduce the silver short position with still lower manipulated prices, but we have to be in the terminal phase of this operation in terms of gauging how many more sellers can be lured in at this point. There is a limit to such engineered speculative selling. Therefore, since JPM is running out of road as to how much more gold and silver they can buy before we reach the resolution, it is no exaggeration to say that we are running out of time in which to buy cheap silver...and gold.

-Butler Research, June 15, 2013



I know, it is discouraging, all of this back and forth in a narrow trading range, with the threat of a further fall hanging over our head. It's even discouraging to me; but such is life. But more and more top analysts are coming out with their belief that we are either at or very near the bottom.

The following 3-year weekly charts on gold and silver scream BOTTOM! BOTTOM!

(sorry can't copy these pictures)

Ed Steer wrote:

Not only are we at the bottom of the barrel in price terms...and in the Comex futures market as well...but it is more than obvious when one looks at the 3-year weekly charts for both metals. As Ted said on the phone yesterday...a major low is being set.

Both these charts are courtesy of JPMorgan et al...as there is nothing free market about either of them. The MACD and RSI traces are at lows probably never seen before...and both metals are well below their respective 200-day moving averages...and are probably the most oversold in the history of either metal, certainly going back over a decade.

-Ed Steer, Casey Research, June 19 2013

Sincerely,

David Schectman

Miles Franklin

Sahara - assume you have picked up the right click, then properties then url for the chart.

Then click on the - post image box above the post box



Then, the bit that causes probs
- delete the http - in the pop up box
(otherwise you get http twice - been there and got the T shirt :o)

Should work

- nice to see you over here
- are you on holiday...again :o)

I viewed 'image info' on chart as properties are not shown on the stockcharts right click dropdown, anyway that seems to work whereas the original URL failed?/

The HTTP in the insert an image is hi-lited and is deleted when image url is inserted so that was not the issue.

I am still beavering away up until the end of month perhaps so don't have a great deal of time for posting but wanted to show you the 'potential' for a bottom around here in the miners at least.

I have wizzed through some not all of the posts trying to catch up, so appologiesd if I have missed anything.

S.

Welcome to - stalag U.K

On Monday the Guardian
- carried a story that...... British intelligence
- had spied on delegates at two G20 summits,
those chaired by Gordon Brown in 2009. Laptops and mobile phones had been hacked, and internet cafes installed and bugged.

BUT
- With many of the ..same heads of government.... gathering for the G8 summit in Northern Ireland,
- the story was, to put it mildly, sensational.

The source was the American whistleblower, Edward Snowden, whose revelations about the US National Security Agency had been running in the Guardian and Washington Post for a week.

It was..... initially...... hinted at by other British media but.....
- was covered by a D-notice
(warning against publishing anything that could damage national security)
from... the government.

It vanished ..from general view.
- When the foreign secretary, William Hague, was questioned by the BBC on Monday, no mention was made of the affair.

The media.... has been bidden... to ignore the story and.... has done so.

This was despite it running in leading newspapers round the world, from America and Europe ...................to China and Russia....................

So..... you can even read it in China & Russia - but
- other than the Guardian........NOT in the MSM
- in Stalag U.K

http://www.guardian.co.uk/commentisfree/2013/jun/19/uk-response-to-nsa-story-back-off-shut-up

John Embry of Sprott asset

I firmly believe that the bullion banks,
(which have been the major perpetrators of the gold suppression for many years),
- realize that the ‘jig .....is almost up.’
- And ....they are making a heroic and what appears to be a successful effort to change their (gold and silver short) book around
(to being long the metals).

Because the sentiment in the whole sector is so negative, there are all sorts of other speculators replacing them on the short side.
- I find this absolutely unfathomable from an intellectual point of view,
- but in reality it’s happening.
I believe this is one of the pre-conditions that is required before the price of gold and silver ....goes nuts to the upside.

.........................The one thing the powers that be realize is............................

- the banking system is so compromised that....
- the last thing they want to see is .......these guys (the bullion banks) on the wrong side of gold and silver
- when the prices explode to the upside.

Currently
- they are fixing that situation,
- and we are very close to getting into a position where.....
gold and silver will be released to the upside.”
kwn

Moving on from Embry's comment...
-
The one thing the powers that be realize is....
- the banking system is so compromised that....
- the last thing they want to see is .......these guys (the bullion banks) on the wrong side of gold and silver
- when the prices explode to the upside.

Currently
- they are fixing that situation,
- and we are very close to getting into a position where.....
gold and silver will be released to the upside.”

......................................................................................................................

As to the - TPTB - fixing the situation aspect above........ This Progress report
- would seem to confirm Embry's point :-

Gene Arensberg's latest Got Gold Report, .....disclosing that .....
- the biggest commercial traders in silver
- have reduced their short position to..

......... the lowest level in - 20 years..........

http://www.gotgoldreport.com/2013/06/special-got-gold-report-large-trader-positioning-in-silver-furtures.html

On the moving along fronm - as happens with toppling dominoes
- yes - the Co-op
- the early headlines 30% haircut (nay bail-in) of junior bondholders
- is now touted by Moody's as......70%
- warning "warns investors may only get .....a third of their money back"

- and - "with the negative outlook indicating the risk that... the final loss faced by investors... may be greater".

- and - senior bondholders ?
- It also downgraded the bank's senior debt due to the "material risk" that, until the bank has finished its recapitalisation plan,........ "further burden sharing
- may be required at some point if these efforts to recapitalise and restructure the bank prove unsuccessful".
(They put theft - so nicely "further.....burden sharing" - aaah!)

- and - Standard & Poor's pushed the group's rating ....further - into junk territory
- and - "In our view,.... the added leverage will put pressure on the Co-operative Group's financial covenants, which has led us to revise.... the liquidity assessment to.......... 'less than adequate'

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10128049/Co-op-suffers-double-rating-blow-as-Moodys-warns-investors-may-only-get-a-third-of-their-money-back.html

And as I mentioned in my earlier post - when the SHTF - the prized family jewels go ...on sale
- the Boyz get to pick up - the lucrative Insurance arm - at a pennies on the dollar
- fire sale price
(Is Sir - drooling on another....saville row shirt)

Honestly - do NOT MISS this one

- The only guy on mainstream - that really out Farages.... Nigel Farage
- Rick Santelli - a Chicago Bond pit trader
- lets fly (& I mean lets fly - ....Chicago Style) - at the Bernank & FEDy
- and...it's live on TPTB sunshine blowing machine CNBC

http://www.cnbc.com/id/100828431

Do not miss - 4 mins of - Raw Chicago ....truth :o)

The above - worthwhile video - on click and play




Took a while to remember how to do that :o)

Saturn - good to see you here - hope you work out how to do charts.

Gaz - that last vid I can't access as it says "chrome for android cannot support this plug in". I have been able to access your previous vids.

All good stuff - interesting about capital situation with uk banks.

Looks like we're being prepped for a devaluation of £.

Have not heard 1 peep on the MSM tv here about the Co-op's bail in.

It also looks the pos is taking a serious nose dive this morning. Load up if you can find it.
I'm fully (over) extended and am looking forward for this to change direction........ upwards!!

have had a look, many ounces carry a serious premium.
On CID it's the Phillies, Noah's arks and Surinam dollars that are the cheapest
High spec traders have the cheapest ounces..... if they have them in stock.

only 1 left of this
http://www.highspectrading.co.uk/10oz-a-mark-silver-bars-31-p.asp

one of this
http://www.highspectrading.co.uk/50oz-sunshine-silver-bars-81-p.asp

and a few other bits and pieces

Squirrel
- should be able to watch - Santelli blow his stack (chicago style) via the link in the post above the embedded video
(Sorry can't help re the techy chrome/android/plug in aspect)

Snurkle
- the link you posted on silver products on the swiss link site was telling
- all either - out of stock
- or 4 week delays/lead in times

With real GOLD - selling at nearly $300 an oz ! - above the kitco paper price - in the recent Vietnamese Gov't gold auction last Fri - denotes
- the price of real physical
- - vs - the price at which ..the Morgue & buddies ...are being allowed to exit their paper shorts (in silver...well underway - now down at the lowest in...20yrs)

$20.......wow!
Looks like they're in a rush......... where's the fire

Re the Co-op
Has cameroon issued a D notice on that too (see stalag UK above)
- very little mainstream coverage - of this.... thin end...thick wedge

There should be "we interupt your normal viewing programme" bulletins with air raid sirens playing - saying....warning ! - Warning !....Cyprus bail in template "begins"
....here in the U.K.

As the article above makes clear "further - burden sharing" may be required
- if their savers wake up - and head for the exits (used to be called ...a bank run)
- their snowball escalates
- but at least TPTB club in addition to picking up the lucrative Insurance arem
- will get to pick up the other "family Jewels" at firesale prices
(the lucrative co-op pharmacy and funeral businesses etc)

Most people who think ...."I'm alright Jack" - don't realise that when this gets up a head of steam and rolled out into - the ....other financials
- whilst they may not suffer "direct theft"

- these bonds, financial shares....are.... probably held by their personal pension plans, corporate pension schemes, unit trust investments etc
- and the contagion knock on effects - these are also held as other Co's assets, cross share holdings etc - which then take a hit
- and those in turn are also are
.....probably held by their personal pension plans, corporate pension plans, unit trust investments etc
- etc & so on.

And the direct shares prices of all the Co's that get touched along the way - take a hit.

So one way or another - if you are traditionally - "in the system"
- Co pension scheme, AVC's, private pension, Co Bonds, unit trusts, share portfolio etc etc

Most didn't see the '29 crash coming, most didn't see the dot.com bubble, most didn't see the housing bubble, most didn't see the Mortgage backed securities/Lehman/AIG and after effects. The Cypriots - didn't see "the template" coming.
- I wasn't there in '29 - and I didn't see the others coming as quick and hard as they did
- and I'm I'm glad I wasn't a Cypriot

- but my eyes are wide open......on this one.

- So - the small Co-op snowball shows - the process has begun rolling....and one way or another......rolling in - your direction.

If at some point - the great unwashed wake up & the sheeple want "IN" on the real money metals
- whilst they are currently all in snooze mode, as Snurkle's link makes clear - wea are at ......"out of Stock"..."4 week lead in/delays".
- Imagine - when the snoozers....eventually....wake up.

"We interrupt your regular viewing - to bring you......"

The wedge failed after the Fed release and failed heavily, remember I said to watch for price confirmation...



S.