Well it's Thursday the 19th - and I could have sworn I took a few minutes to do "The Grind" earlier this morning...or maybe I took a look at the market and couldn't think of anything noteworthy to say?



At any rate, overnight the bankers managed to drive gold significantly lower before it bounced back - and then held onto modest gains through the day.

Silver CONTINUES to look TOTALLY DEAD. And by that I'm not suggesting that people should SELL (LOL!!), or that it means I think the price is about to head lower. Quite the opposite. It doesn't look like it's going to move in EITHER direction. And this follows weeks and weeks (a few months back) where silver was USUALLY bouncing up and down by more than $1 a day - and sometimes several.

This feeds into what I was writing in that recent two-part series: gold and silver need some defining "event" to awaken the sheep from their slumbers - and bust gold and silver out of this trading range.

It's Friday April 20th, and I'm getting an early start on The Grind (for a change).



It's ANOTHER quiet day in the gold and silver market, with little movement in prices in Asia overnight and (at this point) no indication that prices are going to budge from their present level.

It's hard to believe this is the same market where a mere six months ago I was warning that "volatility was the new weapon" of the banksters in attempting to drive people out of the market. However that was then and this is now.

Clearly there has been a change in tactics. Where the banksters were looking to FRIGHTEN these people out of the sector (a few months back) with the most extreme volatility in history, they are now looking to BORE THEM out of the market.

In part this is an admission by the banksters that they are UNABLE to push prices lower from present levels. It's not that they haven't TRIED, but at these price levels there is so much buying power that any bankster-created dip immediately produces a strong surge in buying to march prices right back up.

Again I'm sticking with my theme that we need some defining "event" to shake the marekt loose from this bankster-created trading range. The REASON we need such an event is that the sheep have been firmly duped into believing two myths:

1) That European weakness/insolvency is BEARISH for gold (when it is actually extremely BULLISH).
2) That the U.S. economy is "strong", when in fact it is teetering on the verge of a FURTHER collapse.

Neither one of these myths can be maintained much longer. ALL the U.S. economuc data is rapidly weakening, thus if there is NOT another huge infusion of Fed money-printing SOON then both the U.S. economy AND the banksters' precious U.S. equity markets will TOTALLY COLLAPSE.

Meanwhile in Europe, writing off $300 BILLION in Greek paper STILL hasn't gotten the message across to the sheep that PAPER GOING TO ZERO is bullish for gold - despite the fact that this is EXTREMELY obvious. However, writing off TWICE AS MUCH paper if/when Spain goes under is another thing entirely.

In short, we can think of the latest trading range for gold and silver as representing the banksters walking a tight-rope. MY money says that they can't keep this balancing act up much longer.

Have a good weekend everyone!!

It's Monday April 23rd, and time to kick off another week of The Grind.

Some days it doesn't seem like there is ANY news to report, and then we have days like TODAY where instead the question becomes "where do you start?"

First of all we see markets careening lower due to more fears in Europe. So much for the remarks last week by Mark "The Liar" Carney that the situation in Europe was stabilizing. This leads us to the conclusion that we should watch what Carney DOES (leaving interest rates at ultra-low level) - and IGNORE anything/everything he SAYS.

Naturally with "the risk trade off" (lol) gold and silver prices are falling today, despite the fact that in the REAL WORLD gold and silver are the world's PRIMARY anti-risk assets.



Then there is the absurd story about "Indian gold production to increase by 20 times by 2015."



Those who follow the miners understand the dynamics here: it takes between 5 and 10 YEARS to bring a mine into production - even AFTER much of the preliminary exploration is done.

What have we seen around the WORLD? A QUINTUPLING of the gold price has still only led to annual growth in mine production of 2% per year. And here we have this LUDICROUS article claiming that Indian gold production is going to increase by nearly 1000% per YEAR!



Obviously the IDIOTS who write pieces like this know absolutely ZERO about mining - which DOES lead one to ask why said idiot is even TRYING to write on this subject.

Next in the news was a report from Nautilus Mining. Veteran gold mining investors will be familiar with the story of this company: attempting to perfect technology for "mining" materials off the ocean floor.

I've long been tempted into investing in this company, but given the volatility in this sector I decided that a gold miner trying to make it with EXPERIMENTAL technology was simply too risky. However there is one "investor" who doesn't think Nautilus is too risky: the government of China.

"Marine miner Nautilus Minerals has signed an offtake agreement with Chinese firm Tongling Nonferrous Metals for the product extracted from its Solwara 1 copper/gold deposit, off the coast of Papua New Guinea...."

Obviously we see another "strategic" decision by China's government: to attempt to get a choke-hold on undersea mining - one of the last untapped frontiers for resource wealth. Again we see a government capable of engaging in LONG-TERM PLANNING.

What am I always saying to readers? "Greed is always short-sighted". The greedy/evil/corrupt Western governments are SEEMINGLY incapable of the slightest long-term thinking. Of course they do have an excuse. It's now taking ALL of their attention and energy to lie about and prop-up all their PAPER SCAMS to stop their entire Ponzi economies from IMMEDIATELY collapsing.

Last but certainly not least is an item out of Syrian indicating that the Western-backed revolution against Syria (and the economic sanctions against it) have "forced Syria to sell much of its gold at a discount."

Here we see yet another facet of Western Fascism: not only DESTROYING any/all enemies - but PLUNDERING their wealth once they have been destroyed.

Note: TOTAL Syrian gold reserves were a mere 20 tons - so this will not/cannot have any significant effect on the gold market.


"India Gold production to grow 20 times to 44 tons by 2015-16 "
www.commodityonline.com/news/india-gold-...6-47630-3-47631.html

"Nautilus seals offtake deal for Solwara 1 deposit "
www.miningweekly.com/article/nautilus-se...1-deposit-2012-04-23

"Syria selling Gold at rock bottom prices"
www.commodityonline.com/news/syria-selli...s-47621-3-47622.html

It's Tuesday the 24th, and heading into the "home stretch" with North American markets for today.

Surprise, surprise! Gold bounced BACK today, recovering all of yesterday's losses and actually pushing higher - before it was "mysteriously" pushed back down from the day's high.

Gee, who could have EVER predicted this?



I've been struggling for the proper metaphor to characterize this market while gold and silver are (temporarily) trapped in their trading range, and a YO-YO seems like the winning candidate.

Up-and-down, up-and-down, up-and-down in a seemingly endless and INTENTIONALLY dreary pattern. Recall that starting roughly in September of last year the banksters AMPLIFIED volatility to the greatest extreme in HISTORY. As I mentioned back then, the GOAL of the banksters in deliberately creating this massive volatility was to FRIGHTEN AWAY the maximum number of people from these financial lifeboats.

However, SOME PEOPLE (i.e. the traders - or "gamblers") LIKE high volatility. And so the banksters have moved to a new tactic. Since they have already frightened away EVERYONE who has capable of being stampeded (like cattle), they are now trying to BORE TO DEATH those who remain.



In other words, why try to "frighten" those people who have already demonstrated that they CANNOT be frightened away? That's simply flogging a dead horse. And since NO ONE knows more about "flogging a dead horse" than a bankster, it's not surprising that they would quickly adopt new tactics.

So the Period of Volatility has been replaced by the Period of Boredom. And once the banksters have finished BORING AWAY as many people as possible they will most likely return to FRIGHTENING people again - since these psychopaths ENJOY that approach so much more...

So the Period of Volatility has been replaced by the Period of Boredom. And once the banksters have finished BORING AWAY as many people as possible they will most likely return to FRIGHTENING people again - since these psychopaths ENJOY that approach so much more...

You have captured my emotions and put them into words Jeff, actually I am so bored at the current chart action in precious metals that I have completely stopped even glancing at the gold price chart, I could not care less.

samix wrote:
So the Period of Volatility has been replaced by the Period of Boredom. And once the banksters have finished BORING AWAY as many people as possible they will most likely return to FRIGHTENING people again - since these psychopaths ENJOY that approach so much more...

You have captured my emotions and put them into words Jeff, actually I am so bored at the current chart action in precious metals that I have completely stopped even glancing at the gold price chart, I could not care less.


Samix, don't say things like THAT!!!

It might cause people to stop coming to BULLION BULLS...

It's Wednesday the 25th today. The Grind got put off until noon (Pacific time) as today's commentary kept me completely engrossed.

Fortuitously, waiting to do today's edition we once again see gold getting pushed down early in the trading day (as the banksters were again TRYING to breach some short-term support levels) - only to rally STRONGLY as the day progressed.

It once again illustrates why I mock so-called "technical analysis" for being utterly worthless in our current (totally manipulated) markets.


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When bullion INSTANTLY dropped from about $1640/oz to well below $1630 (just after the LONDON market opened - lol) that created a "bearish signal" - which SHOULD have meant a very weak day AND very likely even more selling once the New York traders saw the "bearish signal" from London.

Instead what did we see? Bullion (once again) BOUNCING BACK strongly from an early-day (supposed) sell-off. This in turn creates a MUCH more "bullish signal" for the market tomorrow - one which SHOULD see bullion prices pushing solidly HIGHER.

Are we going to see that tomorrow? While it's not TOTALLY impossible (lol), what we now see is that instead of this vacuous T/A being a "50/50 bet" (which is all it ever was before), now we see the market USUALLY moving OPPOSITE to the T/A - meaning more of a 25/75 "success rate" for the gamblers who engage in this handicapping...

:laugh: :laugh: :laugh:

finance.yahoo.com/news/gold-drops-sharpl...s-171803662.html?l=1


SAN FRANCISCO (MarketWatch) — Gold futures added to losses Wednesday as the U.S. Federal Reserve stood pat on interest rates and the accompanying statement shattered hopes of monetary stimulus.

Gold for June delivery (GCM2) retreated $7.10, or 0.4%, to $1,637.80 an ounce on the Comex division of the New York Mercantile Exchange.

The metal dropped as low as $1,625 an ounce after the Fed decision.

“The statement clearly took QE3 off the table for an extended period,” said Bill O’Neill, a principal with Logic Advisors in New Jersey. “That was the major component in the selloff,” which also pushed oil and other commodities lower, he added.

Unlike oil, however, gold had been mostly “sloppy” in recent sessions, lacking support from speculative money, O’Neill said. The Fed did mention inflation, which would be a positive for gold, but also said any bouts of inflation would be temporary.

Gold has been rangebound for the better part of two weeks, unable to rise much above $1,650 an ounce and finding support at $1,600 an ounce.

Tuesday’s weak housing data had spurred some hopes the Fed may be getting closer to announcing another round of quantitative easing, and gold rose 0.7% on the day.

Gold is seen as a store of wealth and a safe haven; it does well amid inflation and currency concerns and any hints of quantitative easing would have pushed prices higher.

Other precious and base metals futures were mixed.

May copper futures (HGK2) added 3 cents, or 0.9%, to $3.71 per pound, keeping steady after the Fed.

Platinum for July delivery (PLN2) also advanced, up $4.90, or 0.3%, to $1,553 an ounce.

Silver tracked gold lower, however, giving back some of its recent gains. May silver futures (SIK2) declined 39 cents, or 1.3%, to $30.36 an ounce. The metal on Tuesday gained 0.7%.

U.S. stocks opened higher on the heels of better-than-expected earnings for heavyweight stock Apple Inc. (AAPL). Read more about U.S. stock trading.

Thanks again Rroush - for my best laugh of the day:

"...the U.S. Federal Reserve stood pat on interest rates and the accompanying statement shattered hopes of monetary stimulus."



You heard it folks: our hopes have been "shattered" (until AT LEAST tomorrow). The Federal Reserve is NEVER going to print another greenback.

It is SO ludicrous to see how contrived this is. How many times can B.S. Bernanke say THE SAME THING, and then simply REPEAT HIMSELF and have the media drones call it "news"?

He can do it an INFINITE number of times. Because either tomorrow, or Friday (or maybe when he's in the shower over the weekend) he's going to muse OUT LOUD that just maybe he might consider some more money-printing...but only if people asked REALLY nicely.



And then on Monday, old B.S. can once AGAIN waltz up to the microphone and announce the "news" that the Fed is NEVER going to print any more money...

All the while continuing to hand out 0% loans (that of course isn't from money printed from nothing) to the banks.

I believe he's stop just like I believe my lead will magically turn to gold today.