April 17, 2016 - 9:20am
The combination of silver having arrived at a short-term target, with bearish looking candlesticks appearing, gold completing a Head-and-Shoulders top and latest COTs for both gold and silver being at the sort of extreme readings characteristic of a top, all point to silver reversing to the downside here.
Back in July of 2014, we reported that in an attempt to obtain if not compensation, then at least confirmation of bank manipulation in the precious metals industry, a group of silver bullion banks including Deutsche Bank, Bank of Nova Scotia and HSBC (later UBS was also added to the defendants) were accused of manipulating prices in the multi-billion dollar market.
Silver now trading at lowest level relative to gold in seven years.
Ranjeetha Pakiam and Eddie van der Walt (Bloomberg) | 10 March 2016 13:47
By Doug Casey
(Editor’s Note: This is Doug Casey’s foreword to Casey Research’s Handbook for Surviving the Coming Financial Crisis.)
Right now, we are exiting the eye of the giant financial hurricane that we entered in 2007, and we’re going into its trailing edge.
It’s going to be much more severe, different, and longer lasting than what we saw in 2008 and 2009.
In a desperate attempt to stave off a day of financial reckoning during the 2008 financial crisis, global central banks began printing trillions of new currency units. The printing continues to this day.
The White Metal
Silver, the white metal, has an illustrious reputation for its use in jewelry and coins, but today, silver's primary use is industrial. Whether in cell phones or solar panels, new innovations are constantly emerging to take advantage of silver's unique properties.
By Nick Giambruno
Today, I’m going to share one of the most important things I’ve learned traveling around the world: There’s a crucial difference between committing a real crime and breaking the law.
I’ve seen it firsthand in the Middle East as well as many other places.
The difference is huge and few people understand it.
While laws vary dramatically across countries, almost every country in the world universally considers real crimes immoral. A real crime involves harm or the threat of harm to person or property. Think murder, theft, or arson.