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  • Is silver the new gold?
    the banking crisis Prices have tumbled about 13pc to around 875 an ounce since then while silver has fallen 16pc to about 12 20 an ounce from a six month 14 60 peak in February Silver over the last 30 years has been the poor cousin In the first half of the last century gold and silver were on a similar footing in terms of monetary value and their roles as safe havens said Eugen Weinberg an analyst at Commerzbank A measure of value is the ratio of gold to silver prices which in the last century fell as low as 14 and compares with levels around 70 now suggesting gold is overvalued He added The ratio could drop to between 40 and 50 in the medium term Weinberg said People who cannot afford to buy gold for jewellery will buy silver Since the early 1980s the ratio has averaged about 65 and mostly ranged between 30 and 100 Figures around 100 were last seen in early 1991 after Iraq s invasion of Kuwait fuelled security concerns and a surge in oil prices raised the spectre of rampant inflation boosting gold s allure as a hedge against financial uncertainty Worries about price pressures in the pipeline because of the large amounts of money being pumped into the economy by central banks and governments are expected to support prices of both metals over the next few years But in the short term silver and gold prices could slip as investors switch back to riskier assets such as equities on expectations of stronger growth and industrial output If a real uptick in growth does materialise silver will remain relatively unscathed as it is used in industries such as electronics aerospace and defence Gold will suffer Silver will too but this impact may

    Original URL path: http://www.911omissionreport.com/silver_the_new_gold.html (2016-02-14)
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  • Want JP Morgan to crash? Buy silver
    Morgan is sitting on what is estimated to be 3 3bn ounce short position in silver which they have sold short meaning they don t own it to begin with in an attempt to keep the price artificially low in order to keep the relative appeal of the dollar and other fiat currencies high The potential liability for JP Morgan has been an open secret for a few years On my show Keiser Report I recently invited Michael Krieger a regular contributor of Zero Hedge the WikiLeaks of finance We posited that if 5 of the world s population each bought a one ounce coin of silver JP Morgan would be forced to cover their shorts an estimated 1 5tn liability against their market capital of 150bn and the company would therefore go bankrupt A few days later I suggested on the Alex Jones show that he launch a Google bomb with the key phrase crash jp morgan buy silver Within a couple of hours it went viral and hundreds of videos have been made to support the campaign Right now silver eagle sales for the month of November hit an all time record high and the availability of silver on a wholesale level is drying up The most important indicator is the price itself holding just under a 30 year high With each uptick JP Morgan gets closer to going bust or requiring a bailout Here s how the campaign works wealth tied to a fiat currency is easily overwhelmed by wealth tied to silver and gold And the world is waking up to the fact that they have the ability without government assistance or other interference to create a new precious metals based backed currency system by simply converting their fiat paper into real money This campaign has

    Original URL path: http://www.911omissionreport.com/buy_silver.html (2016-02-14)
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  • The Silver Singularity Is Near
    90 basis points a year to roll it through financial futures contracts he said And then we went and looked at the COMEX The COMEX at the time they had about 80 billion in open interest between futures and futures options In the warehouse they had 2 7 billion of deliverables So 80 billion in open interest 2 7 billion in deliverables We re gonna own it a long time You re on the board as a fiduciary what do you do That s an easy one You go get it So you go take a billion of 2 7 billion and you let them worry about the rest When I talked to the head of deliveries at COMEX NYMEX I was like What if 4 of the people want deliveries He said Oh Kyle that never happens We rarely ever get a 1 delivery And I asked Well what if it does happen And he said Price will solve everything And I said Thanks give me the gold Mr Bass was discussing the gold futures market but the same dynamics apply to the silver market With silver at 33 one big fish like Bass pun intended could take down 30 million ounces with his billion dollars which is 80 the entire amount of registered silver at the COMEX Thanks give me the silver To date there hasn t been a failure to deliver on a futures contract at the COMEX But that s not to say it can t happen Already there are cracks appearing in the silver derivatives dam The silver derivatives market requires some amount of physical silver to back it up As the physical silver available in the market decreases the paper market becomes more and more leveraged Many trends are converging to remove physical silver from the market Here are a few industrial trends For the past decades governments have been selling their silver stockpiles into the markets thus adding to supply These stockpiles are basically depleted and governments are likely to become net buyers of silver Photographic demand which has been decreasing for the past decade is becoming a less significant part of demand and will soon cease to be a driver of silver demand trends Also as most photographic silver is recycled photographic use approaching zero means less recycling supply moving forward Similarly A steady decline in silverware demand is also reaching its lower bounds and at some point will cease to be a negative driver of silver demand trends According to the Silver Institute during silver s bull market from 2001 to 2010 mine supply increased by an average of 2 2 per year from 606 to 736 million ounces However demand from industrial uses from which the majority of silver cannot be recycled at anywhere near today s price increased 3 7 per year from 350 to 487 million ounces The trends discussed above are enough to show that we will reach a point at some time in the future where

    Original URL path: http://www.911omissionreport.com/silver_singularity.html (2016-02-14)
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  • Big Bank Sitting On A Big Pile Of Copper
    the buyer had bought between 50 and 80 of the exchange s copper A person familiar with the matter said J P Morgan s holdings are toward the low end of that range indicating it owns more than 175 000 tons J P Morgan s purchases were reported by London s Daily Telegraph newspaper Copper is used in everything from electrical wires to pipes and air conditioners and demand for the metal is expected to shoot higher as the global economy recovers World wide copper demand is likely to outpace supply by 497 500 metric tons next year according to Casimir Capital a hedge fund specializing in natural resources The tightness of the copper market is revealed by the fact that one participant can assemble over half of the available copper stocks said Justin Lennon base metals analyst at Mitsui Bussan Commodities in New York This says that there s not a lot of spare metal out there that s for darn sure Copper for three month delivery on the LME has jumped 7 2 to 8 729 5 a metric ton since Nov 23 when the mystery buying came to light New York copper is up 8 1 Copper prices have also moved into what is known as backwardation meaning it is more expensive to buy copper for immediate delivery than for delivery in a few months time That is the opposite of the market s usual pricing and suggests that some are worried about a short term supply squeeze As well as being alert to an improving economic picture traders have also been bracing for the start of three exchange traded funds that will be backed by copper Those ETFs are likely to open up the copper market to new investors many of them smaller investors potentially fueling

    Original URL path: http://www.911omissionreport.com/jp_copper.html (2016-02-14)
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  • More families, friends move in together
    3 4 growth for family households It s a realistic recognition that while a good healthy nuclear family is a valuable thing to have it s not the only family form people are going to live in all their lives Coontz says Financial needs often trigger unconventional arrangements How some are coping Memphis Vel Grundy s daughter Monika moved back home when she couldn t find work in Jonesboro Ark where she had graduated from Arkansas State University She has a job now but can t afford to live alone Her parents don t mind She has been a really big help and it s nice to have her back says Vel Grundy 52 a sales assistant for Clear Channel Radio It s affected her more than me because she s used to being by herself Vel and husband Arthur Grundy Jr are bracing for their other daughter a senior at Arkansas State to move back too And if Vel Grundy hadn t found a job after being laid off last December they might have all had to move in with Vel Grundy s mother who has taken a part time job to supplement her retirement income We ll be like Dynasty everybody living in the same house Grundy says Watkinsville Ga Christine Burgoyne s daughter and her four children moved a lot and often stayed with her parents between moves When her daughter settled down with her current husband Burgoyne and her husband decided to find a house they could all live in First thing we did is we made a list of what our criteria would be says Burgoyne 59 a program coordinator at the University of Georgia in nearby Athens We wanted separate quarters and a neighborhood where the kids could play outside Burgoyne found a 2

    Original URL path: http://www.911omissionreport.com/move_in_together.html (2016-02-14)
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  • Homeless numbers 'alarming'
    main causes are job losses and foreclosures Other factors have been higher food and fuel prices hitting families with no cushion says Nan Roman of the National Alliance to End Homelessness Many mayors have 10 year plans to end homelessness and had reported progress until this year The most recent official count in January 2007 found 671 888 people living on U S streets or in shelters down 12 from January 2005 We saw family homelessness began to increase last winter says Sally Erickson Portland s homeless program manager There s definitely a spike in the last six months The number of requests for emergency shelter doubled from fiscal year 2007 to fiscal 2008 which ended in June Darlene Newsom who runs United Methodist Outreach Ministries New Day Centers which provide shelter programs for families in Phoenix says the number of requests is alarming She says families who never sought help before are calling Los Angeles says it has no 2008 data Miami reports no major change Chicago has not had a surge in requests but more come from renters evicted because of landlords foreclosure says Nancy Radner of the Chicago Alliance to End Homelessness USA TODAY found In New

    Original URL path: http://www.911omissionreport.com/homeless_numbers.html (2016-02-14)
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  • 'Tent cities' of homeless on the rise across the US
    with rising repossessions soaring energy and food prices and job losses the group says It s clear that poverty and homelessness have increased Michael Stoops acting executive director of the coalition said The economy is in chaos we re in an unofficial recession and Americans are worried from the homeless to the middle class about their future Homeless groups and government agencies from Seattle in Washington state to Athens in Georgia report the most visible increase in homeless encampments in a generation What you re seeing is encampments that I haven t seen since the 80s said Paul Boden executive director of the Western Regional Advocacy Project an umbrella group of homeless groups in west coast cities In Reno Nevada the state with the nation s highest repossessions rate a tent city recently sprung up on the city s outskirts and quickly filled up with about 150 people Many such as Sylvia Flynn 51 who came from northern California ended up homeless after losing their jobs and home Officials say they do not know how many homeless the city has But we do know that the soup kitchens are serving hundreds more meals a day and that we have more

    Original URL path: http://www.911omissionreport.com/tent_cities.html (2016-02-14)
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  • 'Ontario residents only' at Tent City
    camp and its amenities to local homeless people but did little to enforce that as the site rapidly expanded attracting people from as far away as Florida We have to be sensitive and we will give people time to locate documents said Brent Schultz the city s housing and neighborhood revitalization director But we have always said this was for Ontario s homeless and not the region s homeless We can t take care of the whole area Officials believe the local homeless number about 140 less than half of those currently in residence Schultz wants to reduce Tent City to 170 people in a regulated fenced off area rather than the sprawling open air campsite it has become No other city has offered to take in any of the homeless who Ontario officials say must leave So far I have heard nothing Schultz said Even before the large scale action Monday police last week moved out parolees and towed about 20 dilapidated motor homes A list of safety rules including one banning pets has been posted The city says there is a threat of dog bites and possible disease from the animals The no pet order caused widespread anger and tears Monday as some homeless people said they could not imagine life without their dogs Many have three or four and vowed to leave Tent City before giving the dogs up I will go to jail before they take my dog said an emotional Diane Ritchey 47 That s a part of me as much as anything The dogs are as homeless as we are Cindy Duke 40 hugged Ritchey who was sobbing I had to give up my 6 year old son because I was homeless and I ll be damned if I give up my dog too Duke said Celeste Trettin 53 rolled up in a wheelchair She and her husband have an Ontario address but have lived for years in a truck parking wherever they found a safe place Trettin who got an orange wristband said she believed she would be able to find the paperwork to prove she was from Ontario We thought if we came here we could save some money but now they have pulled the rug out from under us said Trettin who has fibromyalgia a painful disorder Marty Tovar took it all in stride The 53 year old Mentone man had fresh bumps and cuts on his face after being on the receiving end of a recent assault He didn t seem to care if he had to leave It doesn t anger me it angers a lot of other people here but not me he said wearing no shirt under his blue overalls If I got to go I ll just catch the next bus to the next town Every town has a park Still by noon only one man had taken up an offer of free taxi rides back to their home cities returning the 50 miles to Victorville

    Original URL path: http://www.911omissionreport.com/tent_city_ontario.html (2016-02-14)
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