What has been going on with precious metals prices for the past decade? Much of the price is still dictated by the large traders on the Comex. Price discovery can only take place in a free market with equal representation of both the buy and sell side. What’s actually happening is that a hand-full of paper derivatives traders control the price and control the markets. This is a case of the tail wagging the dog. A few paper traders dictate to the real metal world, what the price will be. However, these large traders are in the process of losing their stanglehold over gold. Not so much for silver. It's still being held down by the big traders. The big players went short in gold a year ago and have been stuck on the short-side ever since. These large traders who’ve never taken a loss are out $6-7 billion. This indicates that they're losing control. JP Morgan is the exception, having broke ranks with the big traders. They have managed to slip out the back and go long. They’ve accumulated an incredible amount of physical gold and silver: 25 million ounces of gold for an unrealized profit of $12 billion, and 1 billion ounces in silver for which they have a small loss. 

Direct download: Ted_Butler_04.MAY.20.mp3
Category:general -- posted at: 8:01am EST


John Foley, is a former lead solo pilot of the Blue Angels. He says: This is an important mission because awe is a powerful human experience that unlocks a transformative state of mind. When we witness something larger than ourselves, it opens us up to unforeseen possibilities. In that heightened state of awareness, we see what others don't, and we have the confidence to take action. That's what we need in this world today. 
 
He looks back at his Blue Angel years with incredible gratitude. He remembers the feeling of hope, inspiration and excitement that a flyover can bring to the crowds below. Amid the current crisis, the team is standing down from their normal show schedule, but they have found a way to share their "purpose larger than self" with a country in need. Safe in our homes, we can only imagine what it means to be on the front lines, but I believe it's within each of us to rise to the occasion, to collaborate and give back to those who are risking everything to keep us safe. 
 
John shows you how the ability to confront fear and attain clarity could be just what you need to get through the tough times of today and prosper. 

Direct download: John_Foley_04.May.20.mp3
Category:general -- posted at: 8:00am EST

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