Has the collapse begun? Is paper gold selling in a panic to buy physical?

The market makers have been doing this since the beginning.

They make their big bucks by making things go up and down. They bet both ways, and move the market right where they want it.

They will bet it going up soon and make another killing.

It has nothing to do with how much physical silver you and I buy or how hard it is for us to find any.

I say this every time people try to figure out wtf is going on.

Like I always do, I will buy in on the major dips and continue to all the way down, wherever that point is.

Then when *they* raise it back up I will sell most of it.

Play the game with them and make some money yo!!!

I think Holter is dead on correct. All of us suffer from some degree of normalcy bias. We've been hearing predictions of a COMEX default and closing of the physical gold and silver window for years and it hasn't happened. We think it never will happen. Holter is predicting that the event is imminent. Once it happens, and the realization sinks in, it will be too late. The good news is that if you already hold physical then you covered and insured!


Force Majeure Was the End Game All Along!

Author : Bill Holter
Published: April 15th, 2013
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Last week Barrick Resources announced the postponement of their giant Pascua Lama mine. This was to be one of the worlds largest mines and is now tied up in litigation over true ownership as it appears to show that Barrick does not have clear title. The probable reserves were nearly 18 million ounces of gold and almost 700 million ounces of silver. Work on this mine was completely ceased last Wednesday.


Last Wednesday was also an important day for the Kennecott copper mine in Utah, the ground started to shift more rapidly prior to this weekend’s landslide. They knew this was coming as they closed the visitor center on April 1st and had all equipment and personnel out of harms way. This mine produces some 400,000 ounces of gold and over 3 million ounces of silver as a by product of copper. This is the largest copper mine on the planet. Have you heard even a peep out of the mainstream media on this on? I didn’t think so.


Is it not strange that these two events came to a head last Wednesday? The same day that out of nowhere gold reversed from being up and give up $40? And then of course there was Friday with $85 and another $75 this morning. gold is now down $200 per ounce in just over 3 trading days. Between these two projects, one not coming online and the other going off line, a VERY significant amount of production is not going to happen. Does this make sense? Did you not learn in school that “less” supply meant higher prices? In the real world?


We don’t live in “the real world”, we live in a world where everything financial is manipulated. Here is what I see happening. They knew that this mine was going to collapse and the production would stop. Then the ruling on the Pascua Lama mine was sent down. Last Thursday president Obama met with 15 heads of the biggest banks and brokers in the country, THIS was discussed as sure as the sun came up this morning: we have hit the bottom of the barrel! Reserves that could be fed into the market are and have dried up at the same time that production has dropped and future production delayed. The paper game is blowing up …RIGHT NOW and the topic of discussion at the White House was about “how it would play out.”


The COMEX will default in the next week or several weeks and people will be “settled” with dollars, no more metal will be delivered! So, knowing that “game over” has arrived, they are dumping a massive volume of paper contracts with impunity to push the metals prices as low as possible before the “default.” This way the “shorts” do not have to and will not be “covered” when “supply” cannot be obtained because of “an act of God.” They will be settled in cash (at a profit no less) because these “unforeseen” disruptions in supply. “Who could have seen it coming?” will be the mantra. I would suspect that banking stress and “bail ins” will also become prevalent globally. The pricing structure will now push any and all physical sellers away from the markets and the “door” to safety is effectively being shut. Either you own metal or you don’t.


I tried to “be nice” in my piece from last night talking to those who worry about price. What is now happening is exactly what I spoke of. You must count ounces because “availability” is going away right here and right now! After the closure of the COMEX and LBMA doors there will be no availability and “price” will be meaningless. Your ability to protect yourself is right now for all intents and purposes being eliminated.


We received a few (very few) angry letters from customers who say that Jim Sinclair, Mr. Sprott and Embry, James Turk and others including myself are and were wrong. That we should hang our heads in shame and that we are nothing more than charlatans hawking gold and silver. We will soon, very soon, see just how right or wrong we really are. What is happening right now is very clear to me, what I don’t understand is how anyone could miss this as it has all been laid out for you to see (for years now), understand and prepare for. Life, all of life as we knew it, is about to change forever. Hopefully you understood this and have already prepared for it!

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Originally Posted by mamboni

because these “unforeseen” disruptions in supply

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http://silverdoctors.com/wp-content/...ilver-mine.jpg

first they came for are guns then they came for are gold and silver ... so whats next the food and water our bodys need so we can live

To be living in times when the Comex and LBMA go belly up is perhaps one of the coolest things ever...if you hold physical.

This beat down must be the canary in the coal mine. No other rational explanation is possible. Printing to infinity and gold is more in demand than ever. Yep, its price should be crashing.

Certainly, JPMorgan and the other crooked commercials have bought super-aggressively in gold, silver, copper, platinum, palladium and crude oil on Friday and previously. It is clear that this buying has set the stage for the coming resolution to the upside. When, not if, that rally commences the question will be how aggressively the commercials sell and specifically, how much, if any, does JPMorgan add to silver short positions. Considering that JPMorgan and the commercials are now better positioned in gold, silver and copper for a significant price advance than at any time I can recall in the past, it would not be surprising for the coming upturn to develop into the big one in silver.


-Ted Butler, ButlerResearch.com



John Paulson (who's made a huge $1.5Bn loss so far) said that his position is unchanged and he's sticking with his commitment to gold.

All I can figure is that there are worries about SPain, Italy, Portugal and Greece having to sell their gold to pay off debts. AND, there are banksters with short positions that need to be covered with much cheaper PM prices. They started a stampede to run the buffalo off the cliff. It sure is easier getting the whole herd to commit suicide.

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Originally Posted by Spectrism

All I can figure is that there are worries about SPain, Italy, Portugal and Greece having to sell their gold to pay off debts. AND, there are banksters with short positions that need to be covered with much cheaper PM prices. They started a stampede to run the buffalo off the cliff. It sure is easier getting the whole herd to commit suicide.

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See my post just prior to yours. I've been readings voraciously and thinking on the info available and the different perspectives of the experts. Here's the big picture (I think):

1. I think Japan's BOJ was the trigger. With their massive QE announced, the yen started falling and the gold price in yen started going parabolic.
2. The big boys saw Japan and said: "this thing is ripe, if not Japan now it'd be someone else later. Time to bust gold, rotate out of shorts and go long, and free up some physical to keep China and Russia at bay."
3. A lot of the gold price rise in the last 2 years was leveraged money. These longs were asking for a beating. As Sinclair warned many times: do not buy gold with leverage - that's their game and they will eviscerate.
4. FED initiates operation Fuck-Auric last week, instructs traders to sell massive gold shorts, triggering margin account stops all the way down, cascading gold down. Pressure continues on Monday as margin calls add fuel to the gold fire. Gold buyers in Japan lose all gains prior to Abe QE announcement as USD/JPY carry reverses and golfd price in Yen turns negative, stopping the parabolic rally in it's infancy.
5. Central bankers come in to grab some physical bullion. FED bankers and big commericals unwind massive gold shorts and go massively long gold while speculators buy their shorts - suckers! They're picking up pennies in front of a steam roller. They will be flattened when gold turns higher.
6. Collateral damage to physical market acceptable - only a tiny amount of folk have the smarts to be buying physical or not selling out of their longs. The big gold moves are being controlled by the soveriegns and their agents, the bullion banks.

I think we will hit bottom very soon. Much lower prices put too great a strain on the bullion banks and risk a COMEX/LBMA default. Then again, that may be the plan all along. If that happened, the big winners would be China and Russia, because I don't think the FED has anywhere near the 8,000 tons they claim. Even if they do, with everyone happy with their allotments of gold, the reset can begin: COMEX/LBMA defaults, all physical gold sales stop, paper gold price vaporizers, and physical gold price skyrockets. Dollar is effectively devalued by 50% or more.

Anyway, I'd appreciate other ideas on this, to flesh it out. We are still not certain of who's behind this and why: what is the endgame here?

Stock Markets Up, Gold Down – Is Something Wrong With This Picture?

I think you have some good angles on this Dr M. I can tell you the end of the game.... so the end game can be figured out. The end of the game looks like this:

One massively evil narcissistic bastard ruling the world with a money system that controls every facet of life.

The end of the end of the game comes very quickly after this but as the throes of trama experienced during childbirth, we will be thrust to and fro with pressures eventually forcing us into a new world beyond the new world order.


To usher in this new world order, the baby must be birthed by pain and pressure. The cold and bright reception must become better than the dark warm and comforting environment we now have. Pain and pressure will drive the simpletons onward and those too simple will be euthanized on the march. A large part of that experience includes removing all wealth from the commoners.

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Originally Posted by mick silver

Stock Markets Up, Gold Down – Is Something Wrong With This Picture?

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Yeup... surreal. But those who think their wealth is protected in those accounts will be shocked to see it vanish. Wealth- if it can be seen it can be wanted; if it can be wanted, it can be stolen. The controllers will not be denied their worldly rewards.