Game Over - “It’s All A Farce, The Fed & German Gold Is Gone”

[Serpo]

Today one of the savviest and well connected hedge fund managers in the world shocked King World News by taking us once again on a trip down the rabbit hole that was nothing short of breathtaking. Outspoken Hong Kong hedge fund manager William Kaye spoke with KWN about the missing Fed and German gold, where it has gone, and how much gold the People’s Bank Of China (PBOC) really owns. This interview is going to stun readers around the world. Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, and also ran money for George Soros, had this to say in part I of his remarkable interview.




http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/7/9_Game_Over_-_Its_All_A_Farce,_The_Fed_%26_German_Gold_Is_Gone. html

[Ponce]

The beginning of the end...and the rest is only history.

V

[Uncle Salty]

Cannot listen at work.

A summary anyone?

[Serpo]

Cannot listen at work.

A summary anyone?

its all reading at the link

[gunDriller]

Cannot listen at work.

A summary anyone?

Germany is pissed, or will be pissed, because the US stole their Gold as part of a bankster scheme to manipulate $ exchange rates.


i would love to hear the private conversations between German officials and US officials.


also to hear what the US bankster "plan" is. they can't just tell Germany, "we don't have your Gold, and we will get it back to you ... eventually ... before the sun explodes.


meanwhile, the production rates are declining with the recent price smashes. mining facilities are being put on furlough.


poor Germany. they got screwed in WW1, WW2, by the Holohoax reparations racket, and now their Gold has been stolen.

you would think they would learn - you can't trust Jews, you can't trust the US, and you especially can't trust US Jewish banksters.

[Serpo]

Of course every other country in the world hasnt a problem if they have loaned there gold out for "safe keeping" hahaha ,apparently most of Australias gold is kept safe and sound in England hahaha.

[Spectrism]

Anybody stupid enough to buy a valuable asset and never take delivery is just not smart enough to have that asset. I suspect it has all been a patsy scheme where governments have been supposedly duped- with willing accomplices of course, so that private hands can stuff their briefcases each day before they walk out the door and go home. Each morning an empty briefcase is brought into the depository.

The paper IOUs in the vault are traceable back to .... nobody.

[Serpo]

Where’s The Gold?

By Patrick A Heller (http://www.coinweek.com/author/patrick-a-heller/) on July 8, 2013 8:33 AM



... Article Tools ...

By Patrick A. Heller
Commentary on Precious Metals Prepared for CoinWeek.com (http://www.coinweek.com/commentary/) …..
When you examine the growing mountain of direct and indirect evidence, it is obvious that the US government, its trading partners, and allies have been blatantly suppressing gold prices for decades. All of the tactics used thus far involve deception, misinformation, and misdirection.
Yet, in all these years, why has the US government never used what would be the most effective tactic to push down gold’s price?
The most effective tactic would be—TO TELL THE TRUTH!
http://www.coinweek.com/wp-content/uploads/2013/07/german_gold.jpg (http://www.coinweek.com/wp-content/uploads/2013/07/german_gold.jpg)As people have been clamoring for years for America’s gold reserves to have a competent and honest audit, the US government could eliminate all the mistrust and suspicion simply by undergoing such an audit! Instead, the Federal Reserve has pulled out all the stops to oppose any attempts for perform such an audit.
In January, when the German Bundesbank demanded the return of almost 10 million ounces of gold that the Federal Reserve claims is being stored in the vaults of the Federal Reserve Bank of New York, it would have been least costly for insurance, security, and other expenses for the US to immediately return every ounce demanded. Well, that isn’t what happened. Germany’s request to view the holdings was rejected. The US has promised that this gold will be returned over the course of seven years!?
At the end of March, the huge Dutch bank ABN Amro notified customers that, as of April 1, no customers would be able to withdraw the physical precious metals that they had deposited into the bank for safekeeping. In the months since, multiple Swiss banks have also erected obstacles against customers being able to withdraw gold that they had stored with those banks. If the banks really did have the gold, the least expensive option for them would be to release the gold upon customer request.
Further, if Swiss banks really did have all the gold they claimed, there would be no reasons why the Zuger Kantonalbank would offer customers precious metals services, and claim they were holding the physical metals for customers, but prohibit customers from establishing allocated or segregated accounts.
http://www.coinweek.com/wp-content/uploads/2013/06/bulliion_reserve.jpg (http://www.coinweek.com/wp-content/uploads/2013/06/bulliion_reserve.jpg)If customers want to take delivery of their contracts for physical gold that is theoretically stored in the vaults of the London Bullion Market Association (http://www.lbma.org.uk/pages/index.cfm) (LBMA), it would be least expensive for the seller of the contract to turn over the gold two days after confirmation of the transaction as formerly required by the LBMA. If the gold were really there, the LBMA would not need to change its rules, as it did on May 22, to make the delivery deadline five days after confirmation.
If all the gold reported as being in COMEX (http://info.goldavenue.com/info_site/in_mark/in_ma_ny_c.htm) warehouses were really there, it would not be necessary for the COMEX to add, beginning on June 3, a disclaimer on its daily gold and silver warehouse stock (inventory) reports stating, “The information on this report is taken from sources believed to be reliable; however the Commodity Exchange, Inc. disclaims all liability whatsoever with regard to its accuracy and completeness. This report is produced for information purposes only.”
If the London Bullion Market Association and New York COMEX really did have all the gold they claimed, it would not be necessary to settle mature contracts for cash—against the wishes of the owners of such contracts.
All the gold exchanged traded funds and products have seen their holdings decline by 595 tons thus far in 2013. So, where are the 19 million ounces of physical gold that have supposedly flooded the market?
I could go on with more examples, but I think you get the idea. The perfect way for the US government to knock down gold’s price is to prove to the world that it really has in physical custody and good title to every ounce of gold it claims in its reserves. The US government’s trading partners and allies, which include all the major banks that gold trading as well as the LBMA and COMEX, cold cooperate in this effort by enforcing stringent rules and practices that physical gold is delivered promptly. Further, the whereabouts of the 19 million ounces of physical gold from the exchange traded funds and products should be made public. If all of these measures were implemented, I guarantee that the price of gold would plunge.
Of course, my supposition that the truth shall set the US government free of all accusations of manipulating the gold market is that the government really does have custody and title to all the gold that it claims.
However, just in case the US government perhaps does not have all custody and title to all the gold that it claims, then the truth shall not cause the price of gold to plummet. If, in fact, the US government did not have all the gold reserves it reports, it, along with its trading partners and allies, would take actions that are almost exactly what has been happening for years and years.
Once you realize this, the only question you should have is— “Where’s the gold?”

http://www.coinweek.com/bullion-report/wheres-the-gold/

[Serpo]

An Amazing CoT and BPR for Gold


Monday, July 8, 2013 at 4:57 pm
Released just this afternoon, the July Bank Participation Report and the latest Commitment of Traders Report are so interesting that I felt they justified this new post.
So, let's dive right in. I'm not going to spend much time talking about silver because the data is somewhat skewed this week by the expiration of the July13 contract. The Large Specs added 3800 net long and the Commercials added 3700 net short, all due to expiration and rollovers and now we see why silver outperformed gold by such a wide margin last week.
The reports for gold, on the other hand, are astonishing. Let's start with the CoT. For the reporting week, price fell by $32 while total OI rose by 19,752 contracts. Check out these internals:
Large Specs dumped another 6,200 longs and added 7,200 additional shorts. This brings their net position down to just 20,700 contracts and drops their total net long ratio down to a preposterously low 1.15:1. Again, for perspective, shortly after QE∞ was announced last fall, the gold Large Specs were net long over 210,000 contracts. This means that, in the time since, they've been coerced into dropping their long exposure by over 90%.
On the all-important flip side, The Gold Cartel added another 21,427 new longs last week through the Tuesday cutoff. Because they also added 8,995 new shorts, their net short position only declined by over 12,000 contracts. However...and here comes the amazing part...their new net short position is just 22,776 contracts, roughly 70 metric tonnes of paper gold, and their updated net short ratio is also preposterously low at 1.12:1.
Remember, this entire "event" from the announcement of QE∞ last fall to today, has been staged in order to give The Bullion Banks the time and the ability to cover their massive paper short position. When QE∞ was announced in September of last year, the total Cartel net short position was 737 metric tonnes of paper gold. As of last Tuesday, they are now net short just 70 metric tonnes. That's an incredible and amazing drop of over 90%.
Now get this, the CoT survey was taken last Tuesday. On Wednesday and Friday of last week, the total dollar move in gold was down another $32. Over those two days, the total open interest n gold rose by 18,561 contracts. It recent form follows, then it is safe to conclude that the vast majority of this new OI was contract initiation on the short side by the Large Specs. If that's the case, then we headed into last weekend with a total Gold Cartel net short position as low as 5,000 contracts. TOTAL!! And now you see why I find this so incredible and amazing.
Next let's consider this month's Bank Participation Report. This aggregated report gives us a once-a-month look at the gross positions of those traders classified as banks, both U.S. and non-U.S. Now check this out...let's start with the report from last October so that you can see from another perspective just how steep the changes have been in the nine months since.
GROSS LONG GROSS SHORT
U.S. Banks 40,625 146,809
Non U.S. Banks 34,881 113,445
TOTAL 75,506 248,254
And now here are the numbers from last month (June). Note that the banks had moved from net short position of 172,748 to a small net long position of 4,582. This got everyone's attention and was well summarized here: http://jessescrossroadscafe.blogspot.com/2013/06/cftc-gold-and-silver-bank-participation.html
GROSS LONG GROSS SHORT
U.S. Banks 56,751 27,129
Non U.S. Banks 24,035 49,075
TOTAL 80,786 76,204
Well, we've all been waiting with baited breath for the July report and it just came in a few minutes ago. Would the banks continue to cover on these falling prices or were they adding to the downside momentum? We got our answer:
GROSS LONG GROSS SHORT
U.S. Banks 69,565 24,939
Non U.S. Banks 34,904 58,565
TOTAL 104,560 83,859
The total net long position grew by over 16,000 contracts to an astounding 20,701. But drill a little deeper...The U.S. banks actually added net longs of 15,000! The only thing holding the overall net position in check was the 9,500 new shorts put on by non U.S. banks (HSBC? Scotia? Barclays? UBS?) Do you think that The Fed warns, plans and advises the non-U.S. banks as clearly and succinctly as they do the U.S. banks?? The Fed IS the U.S. Banks. If Barclays or UBS is too stupid to see what's going on and they are actually adding shorts at these prices, well Hells Bells, go right ahead! Their selling simply allows the U.S. Banks to cover even more!
Look, I know these past nine months have been brutal and we've all suffered through the almost-daily pain of continued losses. But this is almost over! Yes, prices may continue lower, stopping and turning who knows where. However, I am 100% confident in my analysis of The Big Picture here. The major, too-big-to-fail, Fed-Primary-Dealer and Bullion Banks have now fully gotten themselves out from under what had been an extraordinarily wrong-footed net short position of over 146,000 contracts last autumn. They are now net long nearly 45,000 contracts! (And certainly more than that after last Wednesday and Friday.) That flip of 191,000 contracts took place while price declined by 30% from $1800 to $1250 and represents a change of position equaling over 595 metric tonnes.
Please, I beg you, remain patient and continue to stack physical metal. You will soon be rewarded with a rally that will surprise even the most ardent of bulls.
TF
http://news.goldseek.com/COT/1373312054.php
http://www.cftc.gov/dea/bank/DeaJuly13f.htm



(http://www.cftc.gov/dea/bank/DeaJuly13f.htm)


http://www.tfmetalsreport.com/blog/4824/amazing-cot-and-bpr-gold

[Uncle Salty]

its all reading at the link

Thanks. A lot of their interviews are audio, so I just assumed incorrectly.

[gunDriller]

Gold is just a barbarous relic.

that's why Central Bankers worldwide are going to such great lengths with their Gold Shenanigans. /sarc

http://www.viceland.com/viceblog/82378433gold-die-hard.jpeg


i know the movie Die Hard 3 was just a fiction, BUT, they did have footage of a grouping of bank vaults underground in New York City.

i think that was supposed to be showing German Gold - and everybody's Gold.


but Spain was smart. they kept their 250 tons in Madrid.

Italy ? BWAHAHA. they had 2500 to 3000 tons. i tried hard to find out where it is stored. i couldn't find a clear statement like Spain has. i think Italy has their Gold in NYC or London, in the grips of the Banksters.

that would make them the #2 country, behind Germany, in terms of how much Gold they lost. (it's possible Italy is even smarter than Spain, and not only have their Gold on their own soil, but are smart enough to not tell the general public where it is.)

[Serpo]

But but these people are smart ,they run countries....................




into the ground

[Ponce]

It looks to me like only the "communist" countries are the only samart one around here.....Castro stopped taking the American dollars in 2006 and Venezuela took their gold ASAP.....neither country belongs to the Zionist bankers club.

V

[Serpo]

Cannot listen at work.

A summary anyone?


good listen
http://kingworldnews.com/kingworldnews/Broadcast/Entries/2013/7/10_William_Kaye_files/William%20Kaye%207%3A10%3A2013.mp3





(http://kingworldnews.com/kingworldnews/Broadcast/Entries/2013/7/10_William_Kaye_files/William%20Kaye%207%3A10%3A2013.mp3)http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/7/9_William_Kaye_-_The_Savage_Gold_War_Behind_The_Scenes_files/KWN%20Kaye%207%3A9.jpg



http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/7/9_William_Kaye_-_The_Savage_Gold_War_Behind_The_Scenes.html (http://kingworldnews.com/kingworldnews/Broadcast/Entries/2013/7/10_William_Kaye_files/William%20Kaye%207%3A10%3A2013.mp3)