Ladies and Gentleman,
It is with great pleasure and much excitement that I write this piece. I just wish that I could get ideas like this at a time other than 3:00 AM. Why is it that all your best ideas come to you in the middle of the night?
I promised, in last week’s article, that I had something special planned for this week. In fact, it is so special that I haven’t even written the part in last weeks piece where I promise something special this week. Figure that one out folks.
Several people have asked me to write about my opinion, of the manipulation, in the precious metals market. I have always responded by saying that there was plenty of excellent articles already being written on the subject, many, by people, who have knowledge far beyond the realm of my understanding. I felt that they have always done a fine job of representing my feelings, UNTIL NOW! They are doing a great job, but my feelings have changed. It’s time to step up and be counted!
It’s now my turn to write an article on the manipulation of the metals, specifically silver! This article will be unlike any you have ever read before. You, dear reader, will be the focus of this article. You are the ones that hold all the answers. This article won’t deal with the manipulators and what they are doing. This article will deal with you and what you WILL DO after reading it! This is the opposite of what most of you were thinking. I’m tired of bitching and crying about what they have done to us. It is time we did it to them!
We have given these manipulators hundreds of billions of our dollars over the last 25 years. Don’t you think we have given them enough? Aren’t you sick and tired of losing money to these people? Me too! Are you ready to do something about it? Then get up off your ass and start shouting "I’m sick and tired of taking it and I’m not going to take it anymore!" Hopefully, I’ve quoted Mr. Finch correctly. You are about to be shown how to send these people to the showers, once and for all! The beautiful part is how simple it is to totally annihilate them at their own game. We are now in a position to turn the tables. The most amazing part is how simple this will be to accomplish.
I also find the rapidly approaching date of June 6, 2004 to be so very appropriate. What could be better than planning our attack on the eve of the sixtieth anniversary of the greatest invasion of all time? Man, I love it! This operation will be called "STAR TREK." Why? Because, "we are going to go where no man has gone before." Some have tried, like the Hunt’s in the late 70’s and early 80’s. They failed because they pissed the wrong people off, people who had a war chest of 2 billion oz. of silver; they also controlled the levers, the banking system, which allowed the Hunt’s to use physical silver as collateral to buy more silver. One day the borrowing window was closed and in conjunction, the futures market allowed no new buy to open positions in the silver futures. They were toasted in one swift fell swoop.
You Know as I write this I just have to chuckle. I would like nothing better than to take the cartel and grind it into minced meat, little bitty pieces. Then feed them to the rats outside. Although the rats could draw the line on some things they choose to eat! After all, with the events that have happened in our world over the last thirty-five years you would think these boys would have made enough money and realized it is time to turn their positions around. They could take the billions they have made and clean the street, of all lose change, by themselves.
I have said in the past that the fundamentals have never been better for the precious metals market. The only thing missing in the precious metals market is you! There have been so many excellent articles written about everything going on in the world today that I can’t believe people still view the direction of things, like the precious metals, as the "jury still being out." My God people, do we need to be stuck with a cattle prod or clobbered with a baseball bat before we realize that we already know the direction of things to come! Please don’t stick me or hit me again, I think I understand!
Take oil, some people like to think there is terrorist premium built into the price. Ok, I’ll buy that, what if the terrorists decide to shut down the delivery of oil. Saudi Arabia is a big place; it would be very difficult to protect all their pipelines. Disruptions could be common place in a world whose demand, for oil, is increasing every day. Personally I want to think the price of oil is rising because we are rapidly approaching a time when the world’s supply of oil will be gone. Estimates I read say the world’s supply of oil will be gone by 2029. This is twenty-five years from now. We are making vehicles today that will still be around in twenty-five years. Think about it! Long before the oil is gone the price will skyrocket to reflect this. What the hell is going on ? And what are we doing about it? We don’t realize that we are our own worst enemies, by putting all our automobile manufacturing efforts behind the SUV. We don’t get it; we never have until it’s too late.
What if you’re one of the countries exporting oil? Can we believe for one second that these people do not want to get every dime they can for selling an asset that will eventually be gone? Look in a mirror, and when you see the fool looking back just say one word "DAAAAAAH!" Yeah folks, it is that simple. Now put yourself in the shoes of a country like Saudi Arabia. You know that your reserves will be gone in twenty-five years, what will you do about it? Seems to me I would trade my oil for gold and silver. When their oil is gone they will have huge positions in gold and silver. They will probably be in the same ownership position of the metals that they are right now with their reserves of oil. This would not be a bad trade on their part, oil for gold. Then they will be calling the shots again. These people do not want the price of gold and silver to rise because they have twenty-five years worth of oil to sell. You can buy more gold and silver at cheaper prices. They could care less if gold prices rise because they are going to be a huge buyer for years to come. What do you think the gold dinar is all about? The redeeming feature to this is they will still need to feed themselves. Seems to me they have been buying gold for years. Someone has acquired huge positions over the years as the traditional governments and banks became convinced of their own infallibilities and frittered away their only true assets. I can’t ever think of a time or an auction when the gold sellers didn’t have a bidder on the other end. I know there are entities, out there, that can’t wait for the future sales of gold from France and Germany. As I stated in my Rothschild’s article, I don’t believe anything will change but entries on the books when that gold comes to market. I believe the Rothschild’s separated themselves from a group of very greedy people who stayed at the party way too long, their rides are long gone and they don’t have the transportation or a clue on how to get home. Yeah they’re sweating bullets. They know they are screwed and they only know the only way out is to find a whole lot of gold and silver that can be bought at one time and one price. Only thing is the Rothschild’s and the oil producing nations have been the buyers on the other end of all their gold sales and loans. I believe I see a little dissention forming within the ranks. How anyone can believe that a family like the Rothschild’s would want to be out of the metals at a time like this is utter foolishness. We have a fed governor, who by the way is an absolute moron, who says that he will drop dollars out of a plane if he must to keep the game going. How anyone can have any faith in the leadership of this country when we have idiots like this in that position is beyond me. If they really want to get things going again, then why not take and give everyone a $10,000 credit on their credit cards. Hell, give it to the people who will spend it in a manner that is befitting the insanity of our way of life. After all they deserve it. They are the ones that have kept things going in the first place.
I could go on for hours, no days, writing about things like this. My point behind this is to refresh your memories, to remind you that things are rapidly coming to a head. Simple common sense dictates an end to the reckless and arrogant ways of the past.
By now, most of you have figured out what I have been leading up to. Now more than ever we need to protect ourselves against the uncertainties that are about to rupture and reek massive destruction on our country and the world. When it finally hits the fan there could be a liquidity crisis like never seen before. Get your wheel barrels ready to haul your paper to the store for that loaf of bread. I’m sure you all get my point. I don’t know what will happen. I only hope that the worst fails to materialize. The one thing we know for sure is the fact that the fed will pump as much money into the system as they can, they already are. They won’t stop until they are forced to or run out of paper. Now is the perfect time for us to implement our strategy.
PLAN OF ACTION
I propose that we, and there may be millions of us world wide, step up to the plate and buy all the above ground inventories of silver. I’m sure you have all heard or thought of this before. Never have the people of the world stepped up TOGETHER and bought out the inventories of silver. Everything I have read leads me to believe that the total above ground inventories fall into the 400,000,000 oz. level. At $6.00/oz. $2.5 billion dollars would buy all the silver in the world. If we are talking about 1,000,000 people, that works out to $2,500 each, $25,000 for 100,000 or $250,000 for 10,000 people or $2,500,000,000 for 1. There is no way that anyone could accuse us of trying to corner the market. We are simply making a very prudent investment to protect ourselves against the fall or total collapse of the dollar and any other currencies (all) that may fall into the same category.
How many of you have thought about buying silver before? Stupid question, right? How come, at this point in time, very few of you have made any investments in the metal itself? Don’t you think now, would be the perfect time to begin? Silver has broken out of its long term bear market and showed us that its time has now come. The bears, on the other hand, have sold it back down to terrific buy levels. Could our timing be any more perfect? I could care less about those who find their salvation in charts. They are looking behind themselves. I’m looking ahead. What if, over the next few weeks a silver supply shortage developed? Do you think the price would have moved higher? Yeah, me too! Could be quite a bit higher. What would the charts be saying then? So you see it doesn’t matter. Whether they work with us now or later, they will. After silver has moved higher, they will then tell you to buy. How many of the people have stepped up and re-invested their money back into the positions they had previously sold. They got there pullback, do they know how to take advantage of it?
Some of you are thinking about the futures market. Don’t! Why? Because this is the home court of our opponent. All the manipulations that go on in the metals happen in the futures market. Why would you want to move the price of silver higher so they could thump you again? Doesn’t it make a lot more sense to let the price fall and acquire the silver bullion at much cheaper levels? Wouldn’t it be great to buy all the above ground silver and have the price fall at the same time? This would put a bite on the cartel that would leave them writhing in pain. We could turn the tables on them so easily. All we have to do is work together. There is no question; the amount of silver necessary, to fill our orders, will be very difficult to come by. Once we have cleaned the street out, we can then turn our attention to the futures market and take delivery on our contracts. Where do you think the manipulators will be at that point in time? They can raise margins but who cares? We are going to take delivery anyway. This is pure and simple supply and demand forces at work. There is no question that at some point, our government will step up and try to stop this. Again, who cares? It is at this point in time that the game will already be over. What do you think will be going on in your silver stock holdings? Yeah, I know I’ve heard it a million times "I wish I would have bought or I wish I would have bought more, when the price was cheap back at the beginning of June!"
If the government were to try to make ownership of the metal itself illegal they would be in for a real fight. Just like taking guns away. The government has no right to steal from the people who were prudent enough to protect themselves in the first place. They may try, but they would lose. Remember, when ownership of gold was outlawed in the 30’s, there wasn’t one lawsuit filed against anyone who refused to turn their gold in. If Uncle Sam wants my gold and silver he can buy it in the marketplace, just like I had to. Likewise, all the shorts will be forced to either belly-up or buy in the marketplace.
All one has to do is change their perspective on how they look at things. Some people want you to look at gold and silver as jewelry. That way they can justify they’re silly positions by saying the demand will fall as the price rises and it becomes less affordable. Morons, as the price rises in the metals, a whole new class of investors will enter the picture. It is almost a crime to refer to these people as investors. They don’t have, nor will they ever have a clue to what investing is all about! No matter how hard you try, you will never be able to convince them to do the right thing at the right time. To be honest they are not worth your time to try to help them. You are giving them the best advice they will ever hear and all they can say is "what use is gold, you can’t eat it?" Every time I hear some idiot say this I want to grab him by the throat, "No you can’t eat it but it will buy you a meal anywhere in the world, now tell me how you can eat that piece of paper, called a dollar, euro, or yen?" Tell me how many places in the world you can buy a meal with paper? They don’t get it and never will until it’s too late and then they want you to do them a favor and trade them some of your silver and gold. They get tired of pushing the wheel barrel.
What do you think will be going on in the gold market at this same point in time? If you think the gold market will be any different from the silver market, I have to beg to differ. The greatest thing about this whole strategy is the fact that our actions will inevitably force those who have manipulated these markets for years, to begin buying their positions back. There are subtle signs that these long term bear players are beginning to shift sides. As they do, we get to sit back and enjoy the ride. Who knows how high gold and silver will eventually rise to? From these levels, who cares? We will have made so much money that we will probably have very small positions left at that time they do eventually hit their highs. I just can’t wait until those who have wreaked havoc on these markets for years, are finally in a position where they have to close their shorts out. Think of it, they were able to get short because they had us to buy, for years and years. But, when the tables are turned and they must buy, who is going to be so kind to sell to them at prices anywhere near these levels…If we own the metals and decide we don’t want to sell, then where are they going to get the physicals to cover. I suggest they will get it from government stockpiles or by physically buying the gold in the ground as a result of buying out companies. Anyway you look at it; we got "em." We got "em" right in front of us. All we have to do is pull the trigger. Do we want them to die a slow death or do we want to be merciful. Slow, would be better for us and so deserving to them.
With the price of gold, silver, gold stocks and silver stocks at the levels they are trading now, the only thing that we have at risk is time. I believe that the most important mistakes we will make from this point forward, is the huge mistake of selling our positions too cheaply! Investing in these assets at this point in time is an absolute no brainier! We are the pioneers; we are the ones who own these assets at prices investors will envy down the road. All we have to do is recognize this and play this game with the strength and vigor to win. Don’t let the events of the past influence your investment decisions of the future. We truly do have the opportunity of a lifetime at our fingertips. Now make the commitment to win.
What I want each of you to do now, is decide to what extent you want to be a part of this. Now is the perfect time to acquire physical silver. On a worst case basis, everyone should own some, for that rainy day. On a best case basis you should own a lot. Make the commitment to buy, x amount of ounces, or x amount of dollars worth. Plan on additional purchases as your financial situations permit. I am going to talk with people who can fill orders as they come in. I want to know what the inventories are and the availability of silver coins and bullion to fill orders. Any dealers who can give me assistance will be greatly appreciated. I would like to know what inventories are outside of this country. Let’s match buyers and sellers. Let’s put pressure on the supply side like they have never seen before. I believe we will find that world wide inventories of silver are very low. If we show these people that we are now ready to practice what we preach I believe we will then be the ones to dictate the rules of the game. I believe there are some very large pools of money with intentions of entering these markets and the only question they have left is WHEN? Remember what happened when Warren Buffet bought his measly 130,000,000 oz. Come on Warren, you can do better than that! All you other people of wealth, step up and protect yourselves. You own health insurance and life insurance don’t you. So why don’t you own any "WEALTH" insurance? Start with silver for two reasons. One is the small supply and the second is that I believe on a percentage basis, or should I correct myself and say on a MULTIPLE BASIS I expect silver to outperform gold. Oil is near an all time high, gold and silver will not be far behind. Like I have said before, I am in gold and silver because I see absolutely no reason to invest in anything else. Bonds, stocks and real estate are going to get creamed; the only missing link is when. You should not be the guy who left the party late, missed his ride and lost his way home.
If we don’t step up to the plate, then I don’t want hear any more bitching and crying about manipulation of the metals markets. If there truly does exist a deficit in the supply to demand, then we should all be very happy and very thankful that we were able to acquire the amount of silver that we did! To put an end to the silver cartels would take virtually no effort, if everyone started to acquire positions in silver now. The only thing that could stop us would be ourselves. Our government may make buying silver impossible. If they did, what do you think the price of silver would be? I assure you the price would be substantially higher than it is today. What do you think the value of what you physically own would be worth? That value would grow each and every day. Once you begin to establish a routine of regular purchases you will become at ease with your new plan and you will wonder why it took you so long to get started. It is also very important to understand that silver at $6 offers twice the leverage of silver at $12 and five times the leverage of silver at $30. The point is; you can buy a lot more at these prices than you can as it moves higher. The most important thing about all of this is not the point that gold and silver prices may go to the moon. No, the important point is how much do you own when it does?
All we are doing now is something that we have promised ourselves we would do in the future. We have procrastinated long enough. There is absolutely no reason why we have not done this in the past! We all need to put our petty little differences aside and join forces and kick the hell out of the people who have been laughing at us for years. Don’t you think it is truly time to "go where no man has gone before?"
Dealers, I want to hear from you. Buyers, I want to know what your levels of interest are. I will do my best to match buyers and dealers together. Establish on going relations whereby you can continue to add to your positions as your financial positions permit. Make buying silver a regular part of your investment portfolio.
Like I said, we have "em" right where we want "em." Quite frankly, I’m going to let "em" have both barrels.
Tomorrow is June 6TH 2004, THE SIXTIETH ANNIVERSARY OF THE GREATEST INVASION OF ALL TIME! Thank you gentlemen for giving the ultimate sacrifice.
Mike Hoy (mhoy@neb.rr.com)
- June 5th, 2004
