Journal zogger's Journal: Big Metals blowout coming-don't panic 1

Some of you follow the precious and otherwise metals markets, so for you that don't, I'll give you the fast skinny on what is happening with aulde traditional monies. Gold and silver dropped a lot the last little while, but it is hard as heck to actually get any physical! And if you can get it, it is still way high. I had to go way over spot to add to my meagre hoard to get a silver eagle today, and that is an old beat on one, not proof by any means. My local coin dealer wouldn't even sell any proofs, he is sitting, and planning to sit as long as it takes, on all his good quality bullion coins now and will only reluctantly sell some of the more obscure numismatics he has. He said all his buds are doing the same, going into hibernation right now as much as possible. They are all spooked, because they need a certain level of day to day turnover to pay the normal bills, and even that is too scary for them right now.

  The internets are abuzz with the heavyweight analysts trying to figure out what the heck is going on. The US mint is not delivering any eagles, silver or gold, but they will take an order, and they want like 1100 bucks for a gold eagle, while spot gold is around 800. The big dealers the same. Yet spot markets are very low. This is a REALLY big WTH??? is going on here situation.

We have two camps on the guessers, and I think both have merit. One which is odds high of being accurate is that they-the real big guys "they"- have sold forward so much paper silver and gold that it doesn't exist yet, it has to be either still in the ground, inacessible yet, and also because the big boom with the junk jewelry and old junk silver coins recycling supplies are already drying up, the places where they get "melt" gold and silver the easiest and fastest to make new coins.

    I subscribe to this theory myself, the market manipulations with physical versus paper and the extreme low ball (compared to what they should be) prices over the past near decade now I think prove this. Google GATA and go back and read and that will give you the rundown. I will give this 99% probability of being the true deal. it is high level shenanigans, cartel actions both trying to manipulate the market, plus a ton of CYA because they gots nothing to deliver. It is mass poofery sales.

Now the second theory, which I will give an 80/20 odds for, is there is a..a plan, a scheme..at high places *someplace* to blow the market out down to ridiculous levels, causing panic selling eventually, then someone(s) sitting on billions with a b is going to come in and snatch truckloads of it. And in order for this to be happening, it gets back to theory one, which is high level market manipulation, most likely tied in with guess who, the same dudes who manipulate the paper currencies and the large stock transfers. They can't *not* do this, it is their nature, like the old frog and the scorpion getting across the river. I thought this, ran it by my friend, he totally agreed with it.

Non authoritative academic musings: This is what I am doing, YMMV: If you hold, don't panic with the numbers, sit on it, they are going to keep blowing it out. If you can actually get your hands on physical at your comfort level of investments and not some BS "we'll maybe ship it to you in three months" deal, buy on the manipulated dip that looks to be coming real soon or start now, don't try to hit peak bottom, you won't be able to guess that good, then hang tight again. For us small guys, this is always a long view, never forget that, you won't get hurt.

Normal metals, the real joe six pack way to stash some away, same recommendations, sit on your steel and lead and aluminum and copper and so on. We have to see who is doing this manipulation and how extensive it will become. Our civilization uses metals, that demand is not going away to any large scale even if the paper currencies tank. And don't forget, good used or even new steel tools are still a bargain, because they are theoretical wealth multipliers.

  My guess these ongoing and to be continued manipulations will be from such high a level that normal business laws won't be applying, so the best you'll be able to do is become a metals "remora". You'll be able to snatch lucrative bites constantly as long as you stay out of the way of the big jaws or don't try to bet it all on one play.