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.

Please feel free to post silver chart - I'm inept chart wise.

gotcha squirrel

Cool!

Need gaz, yik, pine even as he does give a good dollar slant.....can we get them over?

A latest snippet from Ed Steer's daily

In gold, the 2 kilobars that were shipped out of HSBC USA on Friday landed at Brinks on Monday. But the big surprise was that another 217,844 troy ounces were shipped out...all of it from the JPMorgan Chase depository. JPMorgan's gold depository is getting mighty low, as it only has 549,906 troy ounces left in it. One has to wonder what's up. Oh to be a fly on the wall over there! The link to that activity is here.

Business at the store has certainly cooled down from what it was a month ago, but as I also mentioned back then, the background business level is now noticeably higher than it was before the mid-April smack-down. The other thing of note is that our silver/gold sales ratio...which was at least 500 to 1 in favour of silver before mid-April...has changed dramatically. I would say that it's down to 50 to 1...or less on some days...and the amount of platinum and palladium going out the door has risen sharply. I'm just guessing, but I'd say we've sold more of these two metals in the last couple of months than we did in the last couple of years prior to that.

Demand certainly isn't going away...and with silver prices at almost 3-year lows, I can tell from buyer's comments that they aren't standing idly by while JPMorgan Chase et al offer them at deeply discounted prices. You can include me in that list of buyers.

Mayen om

How cool is that - moneyam backwards is totally esoterical.

Loving the spiritual element here.

Who says we can't make things manifest.

Silver is the spiritual conductor.

Subtle Squirrel...

BUT, I noticed this AM. on another web-site, who shall remain nameless, that you can post URLs if you use HTTP, not http. ;¬)

And they still work too... but no HTML means no images, or other references.

W.

Bill Holter's latest

http://blog.milesfranklin.com/what-a-complete-farce

Summarizing The Known Rigged Markets

Following last night's revelation that FX trading is the latest addition to the "rigged" column, here is a summary of the known market manipulation scandals (because it can be problematic keeping track of all by now):

•Libor - interest rates (link)
•ISDAfix - swaps (link)
•Platts - oil prices (link)
•WM/Reuters - FX (link)
•High-Frequency Trading - equities (link)
We also know that the Fed and world central banks are engaged in a full blown (and unprecedented) Treasury curve modeling exercise courtesy of both ZIRP (short-end) and QE (long-end), and that courtesy of some $12 trillion in extra liquidity in the past 5 years, stocks are at an artificial "weath effect" sugar high.

We can therefore deduce that, following the process of elimination, gold and silver are the only markets that are unmanipulated and where transparent price discovery is allowed to take place without intervention from key players.

Sarcasm off.

http://www.zerohedge.com/news/2013-06-12/summarizing-known-rigged-markets

Hi the silver board

Following on from Snurkles list...evidence

Test link (using skinny's suggested) link option (above the posting post)

http://www.goldcore.com/goldcore_blog/banks-rig-47-trillion-day-currency-markets-profit-clients

The world’s biggest banks
- have been manipulating.... benchmark foreign-exchange rates
- used to set the value of trillions of dollars of investments,
- according to a Bloomberg investigation.

Employees have been front-running....... client orders
- and rigging..... WM/Reuters rates
- by pushing through trades before and during the 60-second windows when the benchmarks are set,
said ......five current and former traders,..... who requested anonymity because the practice is controversial.

Dealers colluded with counterparts to boost chances of moving the rates, said two of the people, who worked in the industry for a total of more than 20 years.

The behavior occurred daily in the spot foreign-exchange market and has been going on for at least a decade, affecting the value of funds and derivatives and all investments.

The Financial Conduct Authority, Britain’s markets supervisor, is considering opening a probe into potential manipulation of the rates, according to a person briefed on the matter.

Squirrell - oh joy of joys (well done sweetheart)

- ability to post images/charts
(using the little top right piccy box above the posting box)

- and active links too
(just using the little chain piccy - above the posting box)

Simplicity itself (and I am a 'appy bunny again :o)

Squirrel
- if you ...edit.... your very first post
- click the top right little picture above the posting box
- and delete the pre filled http in the pop up box
- then just copy & paste this in the pop up box

http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif

(hopefully you should then get - a chart :o)



Voila

Add any others you feel appropriate

PS - you get the chart link - by right clicking - a chart you want on a web page
- then go down to the bottom - click properties
- hold left mouse key & highlight the "address" bit....within the "properties"
(thats the bit you paste in - this boards pop up box ....ensure you delete prefilled http - or you will get it twice....when you paste)

Did it - yipee!

If anyone else wants any other kind of chart in header just let me have instructions same as Gaz.

Cool - hope the rest of the gang join us.

That's better - feels more at home with the black kitco chart.

Any other requests - shall do my best to oblige.

Will post wealth daily & others as I find.

Happy silver folk. Lifted my heart today. Ty all. ;-)

well found and well executed.

Good to see you here too Gaz.

http://www.zerohedge.com/news/2013-06-12/summarizing-known-rigged-markets

Snurks - that should make your link above live.

And your Bill Holter link too.

http://blog.milesfranklin.com/what-a-complete-farce

Just use the hyperlink - 2nd icon from the end - at the top of the post box. :-)

Regardless by whom the following article is written, it speaks for itself what we we're about to face.


Sprott's Thoughts
June 12, 2013



The Dijssel-Bomb
Eric Sprott and David Franklin (dfranklin@sprott.com)

This past March, Jeroen Dijsselbloem, the head of the finance ministers of the eurozone, shocked the markets with seemingly off-the-cuff comments suggesting that the Cyprus banking solution will, “serve as a model for dealing with future banking crises.”1 Depositors across Europe took a collective gasp of horror – could banks possibly confiscate depositors’ funds in a form of daylight robbery? Indeed they could, and last week the Bank for International Settlements (“BIS”), the Central Bank's Central Bank, published what we have referred to as ‘the template’; a blueprint outlining the steps to handle the failure of a major bank and the conditions to be met before ‘bailing-in’ deposits.

In their recently published paper “A Template For Recapitalising Too-Big-To-Fail Banks”, authors Paul Melaschenko and Noel Reynolds argue for a “simple” mechanism to recapitalize failed banks without the use of taxpayers' money. They propose a process whereby a bank, if it reached the point of failure, could transfer ownership to a newly created holding company over a weekend and be recapitalized. The bank would then be sold, enabling the market to determine the ultimate losses to previous equity holders and creditors. And, yes, this scenario includes losses for depositors above a guaranteed limit. Presto! A new bank with a clean balance sheet, ready to receive liquidity support from the prevailing central bank, without the need for handouts, bailouts, TARP programs, or any other form of government assistance. Previous debt and equity holders and depositors of this failed bank would be left with an equity position in the new entity. This ‘template’ would ensure that “shareholders and uninsured private sector creditors (read: depositors and bond holders) of such banks, rather than taxpayers, bear the cost of resolution.”2 While at the moment this framework is only outlined in a discussion paper, it confirms our suspicions. While the old template involved “bailing out” banks through the transfer of toxic assets from the corporate sector to the taxpayer, the new template calls for “bailing in”. In this model the risk is contained within the affected institution at the expense of equity holders, bond holders and finally depositors. Far from being an idle comment, the unscripted 'bomb' that Mr. Dijsselbloem dropped on the market during the Cyprus Banking crisis is on its way to becoming a reality across Europe and other major banking centers.

In our opinion, the problem with the banks stems from an over-levered banking system that still has not been brought under control. Traditionally, banks would “de-lever” by selling portions of their loan portfolios to other banks, but since 2008, this hasn’t happened in most instances and leverage has remained elevated. In fact, an example of a bank “bail-out” that highlights the over-leverage still plaguing the system, happened recently in Mr. Dijsselbloem’s own back-yard. In this instance, the Netherlands nationalized SNS Reaal, a banking and insurance group, in a $14 billion rescue that highlights the continued fragility of the European banking sector.

From The Wall Street Journal:

The government rescue was inevitable after SNS Reaal suffered a run on deposits and failed to raise capital on its own. “It is worrisome. Nearly the entire Dutch banking system is now on a government lifeline,” said Arnoud Boot, a professor of corporate finance at the University of Amsterdam. The Dutch state will inject €2.2 billion ($2.99 billion) into the company, write off €800 million from an earlier bailout and €700 million on the value of SNS Reaal's toxic property loans. It will also provide an additional €6.1 billion in loans and guarantees to put the firm on a sound footing. The burden to taxpayers will be eased somewhat through a €1 billion contribution from the other Dutch banks through a special levy.3

Can you see the pattern? Depositor runs triggered a bailout of an over-levered institution, leading to a write-off of toxic assets, additional lending and guarantees by the government. All of this committed to by Mr. Dijsselbloem on behalf of the Dutch people. This will likely be the last time we see a rescue in this fashion, for now we have a new ‘template’ whose prima facie case was Cyprus. It is interesting to note that, to the best of our knowledge, there was no discussion of “bail-ins” for Dutch depositors of SNS Reaal.

It is clear now that the crossing of the Rubicon into the confiscation of depositor funds was not a one-off emergency measure limited to Cyprus. We can only speculate as to what triggered these new rules. Perhaps the public would no longer tolerate the use of taxpayer-funds to effect bailouts of banks? Maybe this is the beginning of an attack on offshore banking havens? Or possibly the regulators are hoping to impose some market discipline on the banks, forcing depositors to review bank balance sheets before opening an account. Regardless of motivation this is a game changer.

So what is the impact of this ‘template’ for investors? By law, when you put your money into a deposit account, your money becomes a liability of the bank. Above an insured amount, you become an ‘unsecured creditor’ with a claim against the assets of a bank if it were to fail; your deposits are now pooled with other assets and divided amongst other creditors. We urge investors to consider any deposits above the insured amounts to be only as safe as the credit-worthiness and capital structure of the bank indicates. Only by understanding where you are in the creditor ‘pecking order’ will you avoid a ‘Dijssel-Bomb’ in the next phase of the on-going financial crisis.

Snurkle - likewise (nice to be back amonst friends) & good to have a board with working links , pictures & charts again

- I think ftb I will tend to just post over here, just on this silver board

A gratuitous 'hello' from me :)
DD

Well generally it's worth looking at as many permutations of future guesses
- from QE to infinity - through to global preparations for the "Cyprus Template"
- and expert thoughts and opinions

Someone has kindly put the legwork in and knocked up a chart based on his assessment of cycles over the last 25yrs......and where and when prices ....could be going
(based on his model)

Seems a reasonable test fit to actual (retrospectively).....but then again
- they didn't have plunge protection, full spectrum market manipulation, global central bank co-ordinated QE to infinity, manipulated near zero interest rates, near total ownership & control of MSM, metal ETF's, algo boxes and 100 other etc's

So just a fwiw addition.

But all the above are "possibly" just supressing perhaps the desired trend like a spring.



For full methodology, assumptions and caveats etc
- see

http://www.deviantinvestor.com/4603/4603/