READERS:  I STRONGLY BELIEVE IN THE IMPACT THIS (NEW-AGE ANIMATED) FILM WILL HAVE ON THE PERCEPTIONS OF GLOBAL YOUTH - PARTICULARLY GIVEN THE TIMING OF ITS PLANNED RELEASE.  I HAVE MET THE PRINCIPALS OF THIS PROJECT - YOUNG, SMART PEOPLE REPRESENTING BADLY-NEEDED HOPE FOR AMERICA, AND THE WORLD.  I PLAN ON RUNNING THIS PROMOTION AND COMMENTARY UNTIL THE FILM IS RELEASED; AND, AT THE LEAST, I HOPE YOU'LL WATCH THE TRAILER AND LEARN WHAT IT'S ABOUT.

Ranting Andy readers are getting an exclusive look at the Silver Circle movie.  A film about the upcoming economic collapse in 2019 will hit theaters in January, but not before taking a promotional tour this Fall for lucky viewers around the country!  More details about the release -i.e., exact dates - will be published soon, so stay tuned at SilverCircleMovie.com, and watch the TRAILER here:

Silver Circle - Official Trailer

Synopsis: Jay Nelson, lead investigator for the Federal Reserve's Department of Housing Stability, is assigned to an arson case at Glenwood Homes.  He's quickly led to a rebel group plotting to take down the Federal Reserve.  Rebel leader Zoe Taylor tries to convince Jay that although the Chairman of the Fed - Victor Brandt - is blaming the rebels for destroying Glenwood Homes - Brandt himself has secrets of his own.  Join the silver-toting Rebels as they attempt to outsmart the Fed, and restore a sound money system in America - once and for all. 

Since Ranting Andy's readers love silver - and all things related to ENDING THE FED and restoring sound money - we've got an awesome deal for you!  For a limited time, you can visit the Silver Circle Store - and when purchasing a t-shirt, wristband, or bumper sticker, receive a 20% discount by using the code "RANT." 

Additionally, if interested in contributing to the project's marketing and distribution campaign, please contact Megan Duffield, Marketing Manager, at Megan@Lineplot.com.

All donations are tax-deductible, and we are hoping to meet our goal of $500,000 before the January theater run - to ensure a successful release.  Hey, you can even donate IN PHYSICAL silver. How cool is that?

Back to Table of Contents

The below podcast ROUNDTABLE with myself, Bill Murphy of GATA, and Bix Weir of Road-to-Roota was conducted by Elijah of Unconventional Finance on Thursday, September 20^th. It will be released in five segments over the next week, with PART II below...

Hold PRECIOUS METALS for ECONOMIC CHAOS - Pt 2 - Silver All-Star Panel

Back to Table of Contents

Does anyone think I enjoy writing about the MONSTROUS, EVIL Cartel that DESTROYS THE WORLD by naked shorting PAPER gold and silver to maintain PERCEPTION the fiat dollar is worth more than the "digital paper it's not printed" on (to borrow a phrase from "GERALD CELENTE, PATRIOT")?

Oh wait, pardon me. "Trader David R" says it's NOT the government and its henchman "bullion banks" manipulating gold; but instead, "mega hedge funds" and "algos."

Really, "hedge funds?" Like those that have been dropping like flies for years...

The Hedge Fund Implode-O-Meter - tracking the hedge fund implosion

...unable to even outperform staid market averages like the S&P 500; you know, ones RIGGED by the "President's Working Group on Capital Markets?"

Peak Career Risk: Only 8% Of Hedge Funds Are Outperforming The Market

Or better yet, the "algo traders" that have destroyed THEMSELVES, via suicidal "NITE JUSTICE" and other self-defeating tactics - in both the U.S....

SEC Says New York Firm Allowed High-Speed Stock Manipulation

...and international markets?...

Germany to Tap Brakes On High-Speed Trading

WHY ON EARTH would a "hedge fund" or "algo trader" have an interest in suppressing (or supporting) ANY market, for any period of time? Their goal is to PROFIT; i.e., the polar opposite of the Cartel's goal of naked shorting PMs amidst a powerful, long-term bull market as a loss leader? Not to mention, to avoid the very regulatory scrutiny highlighted above - like the highly publicized, four-year government investigation into silver manipulation...

CFTC'S Chilton: Silver Investigation Continues, Expects Something Public 'In Near Future'

In my EXTREMELY KNOWLEDGEABLE view, these are the lamest deflections I have EVER heard, which NO ONE without an "agenda" could even DREAM of - let alone, a supposedly expert gold trader. Heck, "algorithms" have only been around a handful of years, compared to at least 12 years of PM suppression; or, more likely, 50 years if you go back to the overt "London Gold Pool" of the 1960s.

Moreover, apparently Ted Butler - who has dedicated his ENTIRE PROFESSIONAL CAREER to covering the PAPER silver "crime in progress" - is DEAD WRONG...

I believe JPMorgan, by virtue of a massive concentrated short position in COMEX silver futures, is manipulating the price of silver lower than it would be otherwise. If JPMorgan's concentrated short position did not exist, the price of silver would be substantially higher

Or better yet, perhaps JPM's PUBLICLY RECORDED concentrated short position - making silver the ONLY commodity the "commercials" have been net short for 20+ years - is a figment of our imagination. Oh yeah, according to Blythe Masters - JP Morgan is "hedging" for clients. RIGGGHHHHTT, "clients" - like the U.S. government!

Blythe Masters Refutes Claims that JP Morgan manipulates silver markets

In November 2009, it was reported that 400-ounce gold bars filled with tungsten - a near-worthless element with similar weight and density properties to gold - were discovered in Hong Kong. Consequently, Precious Metal counterfeiting received its first dose of widespread media coverage...

Tungsten Filled Gold Bars In Asia

As no follow-up incidents were reported for nearly three years, the incident was largely forgotten by March 2012 - when a one kilogram (32-ounce) tungsten-salted bar was found in London...

Tungsten-Filled 1 Kilo Gold Bar Found In The UK

...gaining further traction this month, when not one...

Tungsten-Filled 10 Oz Gold Bar Found In The Middle Of Manhattan's Jewelry District

...but multiple 10- ounce counterfeits were discovered in Manhattan; again, filled with tungsten...

Gold Counterfeiting Goes Viral: 10 Tungsten-Filled Gold Bars Are Discovered In Manhattan

As discussed in prior RANTS, Miles Franklin principally recommends one ounce and smaller bullion coins; given the myriad advantages they have over larger denominations. Given the size, mobility, and universal recognition of smaller denominations, they tend to be the most liquid, with the highest premiums; particularly those manufactured by the world's five largest mints - in the U.S., Canada, Australia, Austria, and South Africa.

Moreover, one-ounce and smaller coins are near impossible to counterfeit, as the costs of such delicate operations are prohibitive. From a well-know bullion expert Miles Franklin has regularly dealt with for years...

One ounce coins and bars would be very, very difficult to counterfeit, a scheme that have NEVER been found to have occurred, anywhere.

As for larger denomination bars - such as the ones discovered to have been tungsten-salted - let me first say there is as strong a likelihood that the Cartel was responsible than an actual, common thief. The culprits may never be revealed, but such events are quite rare; and per the three above examples, tend to "conveniently" emerge when gold sentiment is surging after a strong price increase...

Due to the large size of such bars, it is possible to cost-effectively fill them with tungsten. Irrespective, if not done expertly, any bullion dealer's measuring apparatus would spot minute weight and density differences immediately. Consequently, such events very rarely occur, and not a single instance has been reported by a Miles Franklin client in its 22-year history.

That said, as the bull market proliferates - and gold becomes more valuable - the risks of both private and government counterfeit operations will increase. Fortunately, modern technology has been developed to counter such fraud, as noted by the same source...

Obviously, the best answer is to drill and cut all larger bars. However, we prefer non-destructive testing. We recently acquired an X-Ray machine to assist in counterfeit detection - particularly useful for things like 100 oz silver bars - to supplement our standard weight and density tests. Moreover, we are attempting to ascertain whether we can make use of a GE Phasor XS on 10 ounce bars right now, per the video below...

Testing the Purity of Gold Bars with Phasor XS Ultrasonics

...who concludes thus...

Between X-Ray and Ultrasound, we should be able to detect problems on any size products. However, this is a good reason to stay away from some of the older and larger gold bars; and stick with product such as Gold Eagles or the new Sunshine One-Ounce Gold Bars with validator holograms.  Moreover, counterfeiting gold eagles would bring the full weight of the U.S. Secret Service down on someone, so it is very unlikely to ever occur...

Given heightened industry awareness of the potential for counterfeit coins, and the aforementioned technology, we believe the odds of a proliferation of PHYSICAL PM counterfeiting to be infinitesimal; as does our good friend, Jason Hommel, who penned the following, brilliant article today...

Andy,

I suspect that you have been inundated with questions about David Schectman's article yesterday about Trader David R. who claims that JPMorgan and the big banks own a massive amount of physical Gold and Silver and therefore there massive short positions are in fact hedges against their long positions that are in fact legal.  If this is true, I would agree that it makes sense for the banks to not only hedge their positions but to purposely keep the prices under control so that they can accumulate more physical metals at discount prices.

BUT, I do wonder if JPMorgan does in fact have all this physical silver that the trader claims they have if this is the SLV silver that they are supposed to be the custodian of.  If they are only the custodian and not the rightful owner of the Silver, their massive short position would now be in direct conflict of the SLV silver owners who are not interested in controlling the price.

Maybe I'm overanalyzing this, but if what David wrote in yesterday's article is true, I certainly buy the argument that the banks are doing everything they can to keep the price of Gold and Silver from rising too rapidly so that they can continue to accumulate as much physical as possible so when prices start to explode higher eventually the banks will be one of the primary beneficiaries.

Love your rants and would love to hear your opinion on this topic....

A

A,

These are all good questions, and you know my personal view of "David R." Fortunately, Bix Weir wrote a fabulous article refuting David R's points, which speaks for itself...

Are JPM's COMEX Silver Positions Only A Hedge Against Physical in the Warehouse?

http://www.roadtoroota.com/public/1013.cfm

Andy

______________________________________________________

Hi Andy,

Here are a few thoughts concerning David R.: what he says about no manipulation in silver and gold is not so. All he shows is that there might not be a shortage on those paper trades. Though this is not proof enough of overall market shortage.

It should be noted that a 5% position in copper was considered a concentration, and was prosecuted; the Hunts were long less than these clowns are, and that was purported to be a manipulation. The Hunts were scape-goated, via prosecution, for that. TPTB apparently also read Warren Buffet the 'long concentration' riot act, reminding him of the Hunts, and he has towed the line ever since. Both the Hunts and Buffet had to divest.

These clowns are different in that they are fellow bankers and they perform extra duty for the government, keeping the perception of the fallacy of the supremacy of fiat currency out there. Their concentration is held as a 'collusive unit', not in any one person's name. When the metal goes 'no offer', they will be the first out of the vaults. They will know before the panic hits and will be long gone.

But, the level of exposure is much too high, and the way this trade is so lucrative is because of collusion and insider information (not to mention free government funding). Therefore, it takes a lot of hubris to say that this can be considered non-manipulative. Insider information via collusion -- both are illegal for anyone other than these individuals.

There is the smoking gun. Those positions need to be 'clawed back' to pay off those from whom it was stolen. Up to 150 million ounces (or the equivalent in dollars) were stolen in May of 2011, and several times more than that since. These are the only large holdings that would probably not have been re-hypothecated, and a perfect pool for restitution. They need to be forced to divest ala the Hunts/Buffet. They need to be lead off to jail, too.

There you have it - Is there anything here?

Take care, and thanks for the forum.

Greg

Greg,

You are 100% correct, in ALL aspects!

As for David R., my thoughts of him are well-known.

Bix Weir wrote a fabulous rebuttal of David R this afternoon, just out...

Are JPM's COMEX Silver Positions Only A Hedge Against Physical in the Warehouse?

http://www.roadtoroota.com/public/1013.cfm

Andy

______________________________________________________

Andy,

The included link, to a Casey's Daily Dispatch, discusses the political turmoil in Saudi Arabia, which is going on unreported by the media, big time! If these events escalate, and it is likely according to the author, we could see $300 per barrel oil extremely soon, as well as the "Petro Dollar Collapse," which will end the US Dollars dominance and, in my words not theirs, precipitate as a "Black Swan" event the beginning of the economic collapse.

Here is the link:

http://www.caseyresearch.com/cdd/islamic-revolution-saudi-arabia

It is amazing the number of potential events which are possible to be the triggers which are visible and /or not reported; how many exist which are not? As the Mogambu Guru says....WAFD! (We Are Freaking Doomed.)

Ken

Ken,

This is just the beginning, and anyone that believes the "apartheid-like" Saudi Arabia will escape Arab Fall and Winter is crazy.

And by "apartheid-like," I mean a tiny minority of U.S.-puppets run a nation where the large majority HATES and despises Western influence.

Haven't read the Mogambu Guru (Richard Daughty) in awhile - I love that guy!

Andy

Back to Table of Contents 

Andrew ("Andy") Hoffman, CFA joined Miles Franklin as Marketing Director in October 2011.  For a decade, he was a U.S.-based buy-side and sell-side analyst, most notably as an II-ranked oil service analyst at Salomon Smith Barney from 1999 through 2005.  Since 2002, his focus has been entirely on Precious Metals, and since 2006 has written free missives regarding gold, silver, and macroeconomics under the moniker "Ranting Andy."  Prior to joining the company, he spent five years working as an Investor Relations officer or consultant to numerous junior mining companies.   An archive of Andy's "RANTS" can be found on the Miles Franklin Blog here.