from The Wealth Watchman:
Time to Usher in the New Year
First of all, happy new year to all my shield brothers out there! All of you in this community have made this year such an amazing one for me, that I have to say, “thank you!” for it. As long as you keep sticking around, I’ll keep trying my best to patrol this wilderness of financial fraud, and fight for truth, beside you.
I know it’s been a difficult year for stackers in some ways, and a gift in others. Nevertheless, it is that time again, and as another year goes into the history books, and a new, living year is about to begin, I thought I’d take stock of where we’re at on the larger picture for gold and silver.
Now, unsurprisingly, both of our metals are somewhat down for the year, for the 2nd year straight,and it seems, for psychological reasons, that our enemy is keen to make both of them close red yet again, which suites me just fine!
The banksters haven’t stopped there though! They’ve ramped up the Dow Jones to its tip-toppiest, bubbliest high notes for the year, while every, single item in the commodity sector is being jack-hammered into the earth’s core. They’re bound and determined that inflation won’t show itself at this stage of the game.
Central banks are hell-bent on re-inflating the housing bubble, the debt bubble, the stock market bubble, the derivative bubble, all while sucking any and all metrics of true measurement of their wicked schemes, down into the deepest hole in the proverbial swamp.
In 2011, a memo went out in the central banking world, which continues to be their same blanket policy toward precious metal stackers today:
They’ve turned us upside down, and shaken the tree we’re on with a bulldozer! But we, being warriors all, have been hanging this way so long, that we actually prefer being upside down now!
Traditionally, traders have had a saying: the market can stay irrational longer than you can stay solvent.
There’s a word for that phrase, which I can’t repeat, because there are ladies present, and because this is a family-friendly site! Turns out though, that phrase was a crock to begin with, because the entire time that folks thought it was the “market” staying irrational, it was usually the Fed and central banks throwing good money after bad.
A truer aphorism might be this:
The Fed can maintain its credit rating, longer than you can be right.
Yet, even after pumping their trillions, praising all their own handiwork, and “banging every close” with a Plunge Protection Team ramp in general equities, a roughly 9% gain is the best they’ve mustered all year on the Dow Jones.
It is all for naught! Every bubble finds its pin, every time, without fail!
There are no more markets, only interventions, as Chris Powell wryly observed. All this levitation isn’t the mystical creature, called “the market”. This is all insane, propagandistic, herding of the masses into the instruments they wish folks to be in, until they deem it time for the sheep to be fleeced. That’s all the “markets” have been for the past 100 years, ever since the Fed was established. End of story.
Despite all this, I couldn’t be happier about the prospects for stackers in 2015 and beyond,here’s a few reminders why!
India: The New Retirement Home For All Silver Everywhere
There’s no two ways about it, friends, what’s happening right now in India will leave ripples for years to come. I’ve long said that India is the key which will unlock magical things in the silver space, and gee heinnicky, but India has not disappointed!
Last year, they’d set a new record by importing roughly 6,000 metric tonnes of silver, which was over 190 million ounces. Impressive to say the least, but what they’ve done this year,especially in the last 3 months, has bested that total by far!
In fact, just when you think India can’t possibly top its silver stacking, they do, every time…
As strong as gold demand has been there(probably about 800 non-smuggled tonnes, year to date),their silver demand continues to break every record, everywhere! Indians are doing whatever it takes, to continue to buy ever larger tonnage figures of silver, with every blessed rupee note they possess:
Doh, not that kinda rupee note, dagnabbit!
Ah well, you get the picture! You know that crazy, old lady, who checks the prices of every. single. item. at a yard sale, and then shops around in every other yard in the neighborhood….in order to save 25 cents?
Ok, great! Now picture about a billion of those little, old ladies, amplify it with the passion of someone who has a great zeal for sovereign, generational wealth, and voila, you’ve got India! Their peoples continue to be an informed, intelligent flock of buyers, who know a freaking bargain when they see one.
And they continue to see the mother of all bargains in silver!
They are buying so much bleeding silver, that in the past 3 months alone(December not included),they’ve bought over 100 million ounces of it!
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