The process of the devaluation of gold and silver, started by the demonetization of gold and silver, is about to reverse at a greater speed than ever before.

It is our belief that this is by far the most comprehensive report yet. That said, those that compare this report to 2012 will notice significant differences in the final metrics which suggest that, unless we have high-grade, high ounce deposits that are being fast tracked online, it will be very difficult to find a way to get supply to match demand.

I am now bearish on gold because the bulls are bullish for all the wrong reasons, and the price action is supporting my position. In my opinion, gold is being supported by pillars of sand - 19 in total - and the tide is coming in.

The current unnatural control over the natural forces of Supply/Demand could continue much longer than most expect - the disappointing expectations for 2013 may repeat in 2014. Here is how we see the developing “story” that explains why gold and silver have not changed trend.

Ever since 1933 the Federal Reserve, implementing the proven Rothschild formula, has been slowly orchestrating the demise of the U.S. dollar from a gold and silver backed currency into, in reality, a worthless piece of paper today and also now controls the price of gold and silver. Let me explain how this all came about - how Americans were duped - and what this really means.

Tell us where in the charts below there are any indications that the “true” value for gold should be in the $5,000 – $10,000 per troy ounce range, or silver in the $100 – $300 range. If you see extraordinary bullish signs within them, let us know, because we certainly keep looking and cannot find any needle in these “haystack” charts!

Since gold is physical liquid money and oil is an essential commodity for the economy, it is normal that they correlate negatively in real prices. When the economy goes well, demand for oil increases, whereas demand for gold diminishes. However, if inflation hits, the nominal prices of both assets increases at the same time with inflation

Russia could initiate a much scarier financial attack on the U.S. than dumping its holdings of U.S. Treasury bonds were America to impose sanctions because of Russia's actions in the Crimea.

Once the temporary effects of past & current manipulation of the price of gold subsides we will have a continuation of the bear market in the Dow Jones and a continuation of the bull market in gold. If the secular cycle repeats, we can conclude that the Dow Jones will be priced at an ounce of gold or even less.

What is taking place around the world these days is analogous to the children's game of Musical Chairs, where everyone is happily going round and round at the beginning of the game but they all know that at some point soon the music will stop and those without a chair to sit in will be out of the game! I see PMs as being the chairs and, when the current financial music stops, those without PMs will be left holding nothing but paper money and history is full of examples of paper money suddenly becoming worthless!