Marshall Swing Warns: The Crash is Coming- Buy Physical With Every Ounce of Cash You Have!
by Marshall Swing, Silver Doctors Buy physical with every ounce of cash you have. Close out all investments you have for cash and buy physical. Leave no stone unturned. If you have equity investments and can’t let them go right now because the market keeps going up – sell them by June at the latest and buy physical! The crash is coming and only a hard asset can protect wealth… -Marshall Swing This previous COT period is typified by rising price, less volatility, and rising open interest in both metals. Usually, my rule of thumb is that rising open interest is meaningless but as is the case this period it is indicative of volatility about to spring forth! Gold open interest rose about 5% and silver open interest rose about 2%. But all things being unequal, gold proved reliable. The gold commercials added the vast majority of the 20,039 new open interest contracts. It is safe to say they took virtually all of the short side and a split or better on the long side. Several times in the 3rd and 4th quarters I documented rising open interest into declining price. Analysts tend to view rising open interest as positive and declining open interest as negative. I see them as neither negative or positive as it depends on who is doing the buying and what is the market psychology ruling the trend. This period is typified by Speculators covering some shorts and buying some longs but Speculators in general are not covering or buying in a frenzied herd mentality as they are paralyzed, particularly the silver Speculators, and do not know what to do. Their aspirations to crash the precious metals and ruin the banks failed miserably just as I predicted it would and the Commercials are still alive and well. But the gold Commercials know exactly what to do with deer in their headlights. Run right over them! When one side of the house buys shorts and longs in great volume, it does not matter if price ascends or descends as that side of the house holds the Aces up their sleeves by the sheer weight of the numbers. Price in both metals has been allowed to drift upward and as it drifts up some Speculator shorts must cover. Some Speculators sense a possible Spring bull run and purchased longs seeking budding profit. Large Speculator long positions over shorts are now 2 to 1 in silver and 4 to 1 in gold. There will be no great crash this Spring by the hedge funds as they failed to mount the downside blast they desired and their positions were decimated in mere hours and they sold when they were forced to sell and at prices they did not want and not when I would have advised them to sell at great profit. Before anyone gets too optimistic with rising price since the COT period, just view the 2 year silver bottoms chart and realize silver has not made it up to the previous bottoms yet and as of right now on Wednesday afternoon still has a $16 handle and my BUY recommendation remains the same: Buy physical with every ounce of cash you have. Close out all investments you have for cash and buy physical. Do cash out refinance mortgages and buy physical. Negotiate closing pensions and annuities for cash and buying physical. Leave no stone unturned. If you have equity investments and can’t let them go right now because the market keeps going up – sell them by June at the latest and buy physical. The crash is coming and only a hard asset can protect wealth… Do not underestimate what is going to happen to everyone whose wealth is in paper when the world’s currencies are decimated and the world comes together at the table to try to figure out how to do business going forward. Yes, banks will be recapitalized. But when is the last time you were recapitalized after loses? The coming crash will make economic slaves out of everyone who does not have hard assets to protect themselves and the leadership of the West will further enhance their economic and social control over the entire world’s people. See Revelation 13:4 Reporting from the wilderness of Southern Illinois, stay thirsty for physical, my friends! Marshall https://www.facebook.com/marshall.swing.9 *Note: The above commentary is opinion only. Marshall Swing is not a licensed financial advisor and is not affiliated with SilverDoctors. We recommend speaking to your financial advisor before making investment decisions.