Michael Noonan – Last year, the rage was the record-setting number of coins various mints were selling to the public, such an incredible demand that would surely impact the demand factor for gold and silver.  Then the focus changed to how many tons China and Russia were buying each and every month, scooping up all available supply with their insatiable demand. Gold and silver responded by going lower.

The most popular gold/silver sites, the most respected gold/silver analysts from around the world all chiming in how gold and silver will go through the roof while both metals continue to still languish in the basement, as it were.

Who has not heard $5,000 gold, $10,000, even $50,000 gold by an exuberant few?  Same for silver, $200, $400, $1,000.  During all this time, gold has yet to hold above $1,230, silver above $18.  There is a huge gap between current prices and unfulfilled pie-in-the-sky price projections.  This has caused much disappointment, even delusion by some because the sum of their purchases were often under water.  Huge imagined profits actually became real [unrealized] losses.  [This does not mean they cannot become profitable]

We wrote a little in-house commentary, last week, Adapting To Changing Markets, to reflect how we have chosen a more focused approach to the short-term aspect of the markets, questioning the validity of the existence of free-trading markets anymore. The elite’s central bankers have virtually taken over almost all the Western world’s financial dealings and markets.  A few, like crude oil, have become political tools. Continue reading →