from Silver Doctors:

SD Friday Wrap: The cartel is going berserk as silver breaks-out to multi-year highs…

What an amazing week for silver!

Everybody has an explanation about what’s been going on, but I do think the answer is really simple in that the cartel is no longer able to contain the natural, fundamental factors that are taking over the market.

In other words, the cartel is barely able to contain silver right now due to overwhelming market forces which are bringing on the fear trade, big time.

Fundamental factors are also bringing about people and nations putting on a hedge against uncertainty.

Others are putting on an inflation hedge.

Still others are putting on a speculative bet, so I’d be looking for more whipsawing volatility coming up.

Is that all that’s going on because of the fundamental factors?

No way.

People are also looking to preserve their wealth in the coming currency debasements, cash grabs and tax hikes, whereas the “you can’t take it with you” aspect of real estate means that if taxes get too expensive and no longer affordable, then  there is no choice other than liquidation, one way or another.

But wait!

There’s more!

People are also buying silver because it is insurance.

Others just want privacy.

Total privacy.

Silver is to gold as gold is to silver as silver is to gold.

Oh yeah!

That’s what I see.

See where I’m going with this?

No seriously, see where I’m going with this.

The cartel trying to contain silver is like this poor fella:

How demonetisation stopped the black money market. pic.twitter.com/X46GnV7UF6

— Bollywood Gandu (@BollywoodGandu) September 11, 2017

It’s a losing battle.

Futile.

On Wednesday, I outlined these generic fundamental factors:

National politics in most nations around the world are an absolute mess.
Geo-politics around the world are an absolute mess.
Politics in the United States are an absolute mess.
The economies around the world are an absolute mess.
The economy of the United States is an absolute mess.
Markets around the world are an absolute mess.
Markets in the United States are an absolute mess.

Let’s drill down a little with a specific example or two from just this week, with each generic factor, and then we can see more clearly why the price of silver is rising.

National politics in most nations around the world are an absolute mess.

Politics in the US are so abysmal right now that on Tuesday, ex-NY Fed Head Bill Dudley came out with an op-ed about how it’s the Fed’s job, you know, for the good of the economy, because the Fed knows best, to ensure that Trump loses the 2020 election.

It does not look like very many nations’ own internal, domestic problems will find relief anytime soon, the US included.

Geo-politics around the world are an absolute mess.

Trade Wars, Sanctions, Brexit, Argentina Default (yet again), and the Middle East, oh my!

Where does it end?

Nowhere.

We’ve got geo-political tensions everywhere right now.

I guess I left it equally generic in my specific example, but that’s because there are just so many geo-political powderkegs right now that it’s difficult to know even where to begin, but it’s not difficult to see that diplomatic relations and then some between nations all around the world will only continue to worsen for the foreseeable future.

Politics in the United States are an absolute mess.

Is it any wonder why 70% of Americans are angry at the political establishment?

We’ve got Swamp Creatures basking in the Swamp while low-level Miss Nobodys’ get fired for leakingTrump Administration stuff to the press, and we really haven’t even gotten into the full election cycle swing yet with so many Democratic candidates still in the running.

The economies around the world are an absolute mess.

When the economies around the world are an absolute mess, what are some of the things we would see?

Oh, how about people talking about needing to move away from the dollar as world reserve currency, gold at record highs in many currencies now including the euro, and a Chinese government newspaper suggesting a return to the gold standard.

What we have going on has commonly been referred to as a “global synchronized slowdown”, only with the US being an island unto itself, because, well, you know, ‘Merica!

However, if you can believe the often overused analogy of the US being the cleanest dirty underwear in the hamper, a specific example of economies around the world being in an absolute mess right now would be Argentina in default on its sovereign debt, yet again.

The economy of the United States is an absolute mess.

Aside from the fact that a recession indicator with a 100% track record is sounding the alarm, a healthy economy wouldn’t see a data revision resulting in a cut of 500,000 jobs from a full year’s worth of job gains, and since we’re talking about the Bureau of Lies Labor Statistics, it is safe to assume the real number of jobs lost is much higher, meaning the US economy is in even more of a mess than the revisions officially report.

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