Silver and Gold Prices Remain “Under Pressure” With Silver Leading The Way Lower In A Time Period When These Prices Should Be Rising To Offset Inflation

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Posted in: Silver & Gold Weekly Report
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Silver and Gold update for the week of August 15 through 22nd | Jack Mullen

Silver and gold prices remain “under pressure” with silver leading the way lower in a time period when these prices should be rising to offset inflation. Understanding silver price manipulation can lead to clarity as to the extent of market manipulation for purposes of preventing a dollar selloff and maintaining the illusion of economic health.

The problem facing those new to the world of rigged silver prices is understanding why silver prices remain so low. The answer is easy – but most find it too simple, seeking a complex answer that relies on market “facts” and economic formula.

Silver is the most undervalued and tightly-managed monetary asset on Earth. The price of silver has been a “managed price” for at least 70 years. Manipulation of price has been aggressive both physically and psychologically, in order to maintain the perceived stability (psychological) and the purchasing power (physical) of the US Dollar.

Researching the manipulation of silver prices will lead the investigator to the …power of the collusive COMEX commercial crooks, as well as the willingness of the regulators to look the other way.

Long-time silver market analyst, Ted Butler, believes silver’s manipulated prices may soon come to an end as the giant short selling of banks like JP Morgan Chase has whittled down their massive long-term short positions and appears to be in a position preventing them from going short silver going forward.

However, the important point is that the concentrated short position appears to have been finally resolved, or nearly so. By my calculations, the concentrated short position held by the largest commercials is now, essentially, lower than it has ever been in COMEX silver and gold. This includes the size of the concentrated short position when prices bottomed in late 2008 and in March 2020. While the pain has been great these past few months, I believe the prospective gains to come will be much greater. [Ibid]

Both gold and silver prices have been manipulated for purposes of stabilizing the US Dollar and the price manipulation has had a major impact on mining and availability of silver and gold.

The long-term-effects have been hardest on silver and that’s why I see silver as having both the capability to preserve purchasing power and to offer investment gains as the gold/silver ratio normalizes to traditional values or even lower, because silver is an asset that is now a “peak” resource, which refers to the point when production is no longer growing, year after year. It reaches a peak, then declines.

Current market conditions are now signaling a red-alert relating to inflation and the collapsing purchasing power of the US dollar. Fluctuations in the 10 year yield indicate the Federal Reserve and partners are managing yield prices significantly, which translates in to buying more debt.

The debt market is unstable and a debt selloff is continuously being battled with Fed & company purchases.

At the same time, the US Mint has significantly curtailed silver and gold eagle sales, with gold eagles at 50% reduction and silver eagles at 80%. The reason for reducing production of the coins still remains unclear.

Meanwhile, the Biden Administration continues to lie to the American people about inflation and the damage it is causing – going so far as to claim that July saw ZERO inflation!  And further claiming this economic miracle is part of the administration’s economic management excellence.

I just want to say a number: zero. Today we received news that our economy had 0% inflation in the month of July.

And, not coincidentally, the US Government is about to spend over $400 billion dollars as part of the “Inflation Reduction Act”, the title of which is the exact opposite of the expected outcome of this spending.  According to GOP congress members :

“To call it the Inflation Reduction Act is a lie,” Rep. Nicole Malliotakis (R-NY) said Friday during debate on the bill.

Rep. Kevin Brady (R-Texas) argued, “This bill is a hoax on the American people.”

The “Inflation Reduction Act” contradicts economic reality and is part of an on-going deception presenting the economy as healthy with inflation under control.

The situation in the US economy worsens and inflation is a hot battle in progress behind the scenes. A battle that cannot be won with more spending. Government spending causes inflation and when the market becomes saturated with debt, it is imperative that more currency be injected into the market/system to prevent a liquidity crisis caused by runaway inflation. These injections are the tell-tale sign of a financial emergency in progress.

The debt implosion time bomb is ticking, and precious little time likely remains to repurpose liquid dollar assets for the purpose of preserving wealth when paper assets fall in value.

 

 

 

 

 

 

 

 

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