Another good read from Jim Willie

ksammut

Deflationists & Blind Eyes

jmski52

Great stuff, ksammut - thanks for the link.

The COMEX shortage of Silver is so widespread and in the open, that futures contracts are being settled in cash, after the contract owner signs a waiver to permit the breach of contract itself. A 25% to 30% cash settlement bonus has become the norm.

JPMorgan is attempting to take delivery on a large portion of its short silver position. No misprint here. On their short position, that is, so that they can deliver it!! That is like making a demand to a credit card bank that the borrower intends to collect the debt from the creditor. Utterly absurd. That comedy is worth more to watch than the CFTC charade on position limits.

The USFed Chairman has lost an enormous amount of credibility in his focus upon the long-term USTBond as an indication of price inflation expectations. The USGovt debt securities have lost their buyers. Not only is the USFed monetizing USTreasurys at a $100 billion clip per month, they are also purchasing the Treasury Inflation Protection Securities (TIPS). The TIPS are supposed to act as an inflation gauge. It too is corrupted.

streeter

Smart guy but my initial impression of his posts always is that he holds grudges against other people in the business and can't wait to point out

Willie right/other guy wrong.

Always likes to stick it to other forecasters.

IS he right when he states...............Silver is a NEW major reserve asset. ????

I would think that for people who purchase silver in small lots......less than 50k....food/H2O/energy would be much smarter assets to hoard.

If silver is on a road trip to $50 or beyond...it's going to be an emotional ride and the time you invest in those emotions will just take you off track from life.

If a person has to check the charts twice a day to see that silver hasn't corrected...that reminds me of 1989 and 2005 when 33% of the time the conversation at the dinner table for
people revolved around how much their house was worth and how smart they were for investing in RE.

57loaded

yes thanks for posting these links

Baley

My goodness, what an entertaining rant!

roadrunner

Entertaining........but unfortunately the truth. He's pretty much outlined the last few years before it happened.
While everyone is watching M1, M2, CPI-U, unemployment, for "clues," the fire rages behind the scenes because those
mentioned indicators no longer do what they were intended to do.

Willie doesn't normally come out and hammer deflationists by name and in detail. He must have been letting this build up for a while and just had to let go.

An important article, but a long read.
This link was take from Jesse's Cafe. Note that this print format doesn't come off as quite the rant as the OP's link.

Wee Willie Wides again

roadrunner