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Sahara - had a play around - even "had a go :o)"
-at having a read of the java script in "source"
Need to go out - will have a look tonight .

Thanks Gaz - I am tied for time too, but will try again later.

S.

straight through $20

They really are desperate to flush out weak hands.

Sit tight, stick fingers in ears and go 'la la la la la la la la ' till next week as this can't carry on.....

This in favour of going out and get very wet :-)

Snurks - we bounced - you can look now. Someone got cheap pms.

Bloomberg so overboard - still they need to keep the mayor happy.

Cheers Squirrel. I prefer it though when it starts with a 2

the silver:gold ratio is now 64.93

Snurks - we are above 20.

Like you said - desperate. Did they get enough?

Chesty on the other thread says we won't reach another top in Gold until 2019 - is that a lot of upside & every chance of getting close to 1800? Or a lot of volatility?

In all fairness Squirrel, I like chesty but none of his cycle predictions have panned out so far. I prefer Sahara's as tends to be pretty darn close most of the time

You can post a staic version of the chart above (post 167).

Skinny - you did it. Saturn/Sahara was struggling with that this morning and Gaz couldn't sus it out. Well done. Can you post how you did that chart?

Snurks agree but Chesty spends hours/days/weeks working out his cycles - he lives in my old home town. But yes I love Sahara/Saturn - doesn't take sides so to speak but I think kind of loves us perma bulls (secretly)......;-)

I've just copied the image to a hosting site and linked to it - as I said above, it is a static image.

Here's a piece taken out of Ed Steer's Daily
I would suggest you sit down before you read this as the numbers are pretty mind blowing.


I got an e-mail from reader 'TB' yesterday about how I report silver usage at the U.S. Mint...and here is what he had to say...

The silver eagle sales number that you report is sort of misleading as you are only counting the bullion coins. You have to do a little extra digging to find all of the silver eagle sales. The mint has sold an additional 568,155 2013-W proof silver eagles, 118,841 2013-W uncirculated silver eagles, 281,310 2013-W two-coin eagle sets (562,620 coins/ounces) and 3,207 silver eagles contained in "2013 Congratulations sets" for a total of 1,252,823 silver eagles that you've failed to report. Just because the coins may be a little shinier or sold separately as collectable's doesn't mean that they aren't silver eagles sold to the public. YTD silver eagle sales totals from the mint should be reported as 25,280,823.

Then, if you count the 2013 5-ounce ATB [American the Beautiful] silver coins -- the mint has sold 24,998 of those coins for an additional 124,990 ounces.

They have also sold 103,484 2013 5-quarter silver proof sets (90% silver) equating to 92,488 ounces of silver.

244,812 2013 14-coin silver proof sets have been sold with each set containing five 90% silver quarters, one 90% half and one 90% dime. These sets total 323,825 ounces of silver.

48,853 2013 5-star general silver dollar proof coins (90%) and 20,756 5-star general uncirculated (90%) coins have been sold, totaling 53,807 ounces of silver.

77,838 2013 girl scouts silver dollar proof coins (90%) and 28,976 girl scouts uncirculated (90%) coins have been sold, totaling 82,567 ounces of silver.

And finally American gold eagles are alloyed with 3% silver by weight. YTD gold coin sales contain approximately 34,700 ounces of silver within these coins.

So, all of these non-silver eagle products totaled together equate to 712,377 ounces.

Total silver sales YTD from the mint should correctly be reported as 25,993,200 ounces.

Cheers...TB

I wonder if this is still the case after today's raid

Bullion Premium, Delivery Near Normal

http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=26957

Snurkle - love the spin - they say "near normal".... then say

However, if you are still looking to acquire physical gold, you can now usually get delivery within ...two weeks after payment and
- pay close to the premiums...... at which physical gold sold..... when the spot prices were a few hundred dollars higher.
(So if the premium was a $100 on lets say previously fictional "higher spot price" of $2000......paying close to that $100 premium on a lower fictional $1,000 price - is "near normal" ?? or $100 premium on an even lower $500 fictional spot price
- not"near normal" in my book :o)

As for bullion-priced silver products, most products are available for delivery within two weeks of payment. The slowest deliveries right now are for the 100-ounce ingots and ........the Canadian silver Maple Leaves.
But, even there, you should be able to get delivery within .....three to four weeks.
(Maples - 3 to 4 weeks - near normal.??...3-4 days is - near normal)

Because demand relative to supply is still so lopsided, for instance, you still see dealers offering to purchase U.S. 90 percent silver coins sometimes at 10 percent above spot price.
(Dealers.... paying.....above spot 10% for ...junk silver - near normal ??
- check the buy back prices quoted on coininvestdirect - no not even close to...normal)

Well was it a week/Ten days ago
- pictures of up to 10,000 thousand chinese queing outside shops to get physical metal.

Now - news that Chinese Central - are having to throw lifeline rescues at their banks

- might make the Chinese a bit (yes - even) ...more
- wary of fiat paper
- and perhaps willing to stand in a queue of up to 20,000
- to pick up the firesale gift that the western bankers....have on offer today at smashdown prices

Back up the Rickshaws ....load 'em up.

a couple of Bill Holters

http://blog.milesfranklin.com/nice-chart


http://blog.milesfranklin.com/dont-blame-it-on-us

lol Gaz,,
I have to admit, the article was a little lame from a bull side pov

Ed Steer had a lot of interesting comments early this morning:



Trading volumes, which were already high by noon in Tokyo, are now through the roof. Gross volume in gold is just north of 60,000 contracts as of 3:35 a.m. EDT...and silver's volume, net of rollovers out of the July delivery month, is over the 11,000-contract level. The dollar index has been climbing slowly but steadily all night long...and is currently up 28 basis points at the moment.

It's too bad that Wednesday's and today's trading activity won't be in tomorrow's Commitment of Traders Report...as the cut-off was at the 1:30 p.m. EDT Comex close on Tuesday.

How long this can go on is anyone's guess, but "da boyz" are milking yesterday's FOMC news for all it's worth...and based on the current price action, I wouldn't be surprised if JPMorgan Chase is now net long the silver market as well...a fact that won't be known for sure until the COT Report on June 27th.



And as I hit the 'send' button on today's missive at 5:15 a.m. EDT...gold is down forty-three bucks...but was down about fifty bucks at its London low of $1,303.30 in the current front month, which is August. Silver got smacked below the $20 price mark in the July contract...$19.985 to be precise...but has obviously recovered off that low, but is still down a bit more than a buck from Wednesday's close in New York. Gross volume in gold is now over 106,000 contracts...and silver's net volume is just over 20,000 contracts...and rollover volume out of the July delivery month is very heavy for this time of day. The dollar index is now up 49 basis points and knocking on the 82.00 door.

The thin edge of the wedge is getting thicker all the time.

When JPMorgan decides the time is ripe to let prices rip to the upside, it's my opinion that they will be allowed to rise high enough to virtually kill gold demand stone-cold dead on a world-wide basis for as far into the future as I can see...and they'll also put silver at such a high price that current owners will be selling in droves...and silver will become the new gold.

It's only the timing of these events that's unknown...but that day is coming.

Of course nobody at the CFTC or the CME Group will do or say anything...and the same goes for any of the precious metal companies that we own shares in...as they sit idly by and watch the precious metal prices get trashed...their companies raped...and their shareholders decimated.

I await the New York trading session with a morbid fascination.

A month ago, when stock markets around the globe were hitting all time highs, we wrote "The Bronze Swan Arrives:
- Is The End Of Copper Financing China's...... "Lehman Event"?"
(which as so often happens, many read, but few appreciated for what it truly was)
- the end of a major shadow leverage conduit
(one involving unlimited rehypothecation at that),
- and the collapse of a core source of shadow liquidity.

One month later,
China's "Lehman event"...... is on the verge of appearing,
- and with Overnight repo rates hitting 25% last night,
- coupled with rumors of.... bank bailouts.... rampant,
( it may very well already have)

But don't expect the secretive Chinese politburo and PBOC to disclose it any time soon. So now that the market has finally once again caught up with reality, for the benefit of all those who missed it the first time,

- here is, once again, a look at the arrival of.... China's Bronze Swan

Mentioned this a while back (but now seems to be getting a mention)

Greece is notably missing its Troika goals and the issue..... just became
- a lot more critical.

As The FT reports,
- the IMF is preparing to ........suspend aid payments to Greece
- over what it claims is a EUR 3-4 billion shortfall that has opened up.

Between healthcare budget shortfalls, central banks refusing to roll-over Greek bonds, and amid signs that even the scaled-back privatization plans that Athens had agreed to being behind schedule,

The IMF - following its own admissions of mistakes..... in the Greek bailout,
- has warned EU officials
- the shortfall will require it....... to stop aid payments..... by the end of July

(The Greek haircuts - and the holes it left in their balance sheets -led to the takedown of Cyprus....& "The Template")

Dominoes - will wobble and topple again.