jPM is getting cleaned out folks

[chad]

and then silver will go to $15.

[mamboni]

and then silver will go to $15.

Only if you buy some.......don't!


Here's an excellent summary of the present situation, the run on the gold bullion, written in terms the man on the street can grasp.


Thursday, April 25, 2013

Is Your Gold Missing?

When it becomes widely known that all of the people who think they own gold in fact don’t own gold, that it’s been hypothecated and re-hypothecated so many times that there are 100 claims for every single ounce of physical gold, that is when the prices of gold and silver will really go berserk to the upside, and at that point the shorts will have serious problems - John Embry on King World News

The press pounced all over the massive smack down on gold/silver last week. Headlines were thrust in everyone's face. Gold dropped $200 dollars in two days and the media wanted to make sure everyone knew about it. Well, guess what? As I write this, gold has gained back over $100 that drop. But is this being broadcast in flashing marquee lights the way the sell-off was? Of course not.

In the aftermath of that sell down, a lot of facts have come to light. But first, the bounce we're seeing is illustrative of the fact that you need to hold on tight in this sector in order to truly benefit from the wealth benefits of investing in physical gold/silver and good mining stocks. As an example, since late 1999, the mining stocks have suffered two periods in which the mining stocks had severe sell-offs of this magnitude - late 1999 to early 2001 and mid-2008 - Oct 2008 - in response to large manipulated drops in the metals. But after the sell-off ended, it literally took less than 3 months for the HUI/XAU indexes to double from their bottom and then head to new all-time highs a few years after that. I feel bad for anyone who was shaken out this time around, but I guarantee you that Wall Street does not harbor the same sympathies...

At any rate, what's been exposed from this market price correction is that fact that 1) more people now understand why it is important to own physical gold and silver, as evidenced by the fact that U.S. quickly sold out of silver eagles and is on a track to sell a record monthly amount of gold eagles; and 2) there is a serious problem globally with amount of gold that is available for physical delivery to the buyers who are demand actual delivery.

I thought I would go over some statistics from the Comex to illustrate why we know this is the case. The total gold held on the Comex is 8.5mm ozs, of which 6.3mm is not available for delivery - i.e. it's investor gold being held in Comex vaults. Stunningly, over 2 million ounces of gold - roughly 60 tonnes - has been removed from the Comex vaults in the last three months. Most of it has come from investor accounts. You have to wonder why all of a sudden big investors have removed their gold from the Comex.

Investor gold is not "eligible" for delivery on futures contracts. The gold that can be delivered is sitting in "registered"accounts. The amount of registered gold currently is 2.28 million ozs. The total open interest in futures contracts for gold is 416k contracts, or contracts representing 41.6 million ozs. Essentially there's 18x more paper gold in the form of futures open interest than there is gold that can be delivered. The June front month for gold has 255k open contracts, or 25.5mm ozs open. That's 11x the amount of gold available for delivery. If even 10% of June gold contract longs held for delivery, the Comex would be completely wiped out of its gold and would have to default on the delivery of some. But the Comex has a "force majeur" clause in its contract that allows cash settlement. We won't see that happen in the near future most likely, but it will eventually happen.

In silver the total open interest represents 786.3 million ozs. That's about 3/4 of global annual production, which includes 257mm ozs of recycled silver. So, the total open interest on the Comex is about equal the total annual amount of silver mined globally. There's 39mm ozs of silver available for delivery. In other words the amount of paper silver on the Comex is 20x the amount of silver the Comex has for delivery.

I think that explains why big investors are removing their gold from the Comex. The Comex is one giant Ponzi scheme. Anyone who is going to rely on the Comex as a source of silver, either industrial or investment, is going to be left holding a giant, empty paper bag. That explains why we are seeing a such frenetic activity - not just in this country but globally - by investors looking to get their hands on gold/silver that can physically delivered to their possession. A long-time colleague of mine prepared this caption, which sums up the situation perfectly:

http://4.bp.blogspot.com/-6FXMEfUw1w...issingGOld.png

As the severity of the physical gold/silver shortage vs. the paper claims issued (futures, LBMA forwards, OTC derivatives and Central Bank leases and swaps) against that actual amount physically available - as demonstrated by my Comex example, which is only part of the global problem - the price of gold and silver are going to start to go parabolic. Although most of you are not aware, but from 1974-1976, the price of gold dropped 47%. But from 1976 to 1980 the price of gold went up 800%. Given what we know about the massive, unsolvable global financial problems, and the enormous amount of money that will need to be printed to keep the system from collapsing outright, it's a good bet the next extended move in the metals will dwarf the move gold made in the late 1970's.

Posted by Dave in Denver at 11:59 AM

http://truthingold.blogspot.com/2013...ing.html#links

[Libertarian_Guard]

http://rt.com/shows/keiser-report/ep...ax-keiser-331/

[Hypertiger]

They have computers running this...All are follwoing the program to the logical conclusion.

The top has designed the game so they win by default in the end.

All that taking more power than you give or absolute capitalism leads to is death.

It's the same as chopping down trees faster thna they regrow.

That is what has been going on dueing the roaring 6 decades since 1944...The global system has been amassing power...more and more and more...and to do this requires more and more resources.

from 1991 to 2005 there was a real estate boom in the USA that supplied the demand of the world for money...and the uS dollar was made money in 1944.

that all teh rest of the money in the world was made a derivative of.

and the US dollar was mostly composed of credit...so the US dollar in the form of bank credit or debt is a derivative of money and all the rest of the bank credit or debt of the world is a derivative of US bank credit.

The real estate boom collapsed in 2005 due to running out of line signers...which are sustained by resources...teh boom was consuming line signers faster than the ycould be produced...and that lead to teh collapse in 2008 to the current position globally.

if the USA has countined to inflate at a 7.9% rate like 1944 to 2008...the USA would have produced 10 Trillion more dollars than currently exists.

It what the EU is collapsing and China is slowing down and and all teh economic zones like syria egypt greece Iran Iceland are collapsing.

Yield starvation.

the top lives off the yield from the bottom.

when teh bottom is sucked dry of power...the supply of power to the top is cut...and thne the top can't supply what the bottom wants.

their power back...minus the amount the top requires to sustain themselves and the system.

The interest, the mark up, the taxes, the profit,...the Yield.

[vacuum]

Hypertiger, what do you think of this guy's ideas?

http://gold-silver.us/forum/showthre...ary-Blind-Spot

[mamboni]

Frickin’ hairless monkies,
Reachin’ for the gold,
Don’t they know they’re bottoms,
The top sucks them ‘til their old,

Maximum potential,
They strive to reach,
Those hairless monkies faulter,
The top makes life a bitch,

Cutting down trees faster than they grow,
Watch the hairless monkies, what do they know
The top owns their axes and the top takes their wood,
The tired hairless monkey now stands where he stood,

[Serpo]

The gold all over the world is suddenly going missing.

This could be it , time will tell but things have certainly hotted up on the physical side.

Will be an interesting year/month.week ,take your pick.........

[mamboni]

This latest LW interview is very timely. In the second half, he explains why the elite took down gold and silver. It expplains why the bullion vaults are seeing record declines in gold: the elite are pulling their gold out in preparation for the big reset. Hold on to your physical folks!




Frickin’ hairless monkies,
Reachin’ for the gold,
Don’t they know they’re bottoms,
The top sucks them ‘til their old,

Maximum potential,
They strive to reach,
Those hairless monkies faulter,
The top makes life a bitch,

Cutting down trees faster than they grow,
Watch the hairless monkies, what do they know
The top owns their axes and the top takes their wood,
The tired hairless monkey now stands where he stood,

[Chorus]
Ooooo, Oooo, the pastor tried to warn you,
Aaaah, Oooh, to buy his DVDs,
Ooooh, oooh, go get your pen and paper,’
Aaaah, Oooh, the elite are gonna squeeze,

Frickin’ hairless monkies,
Grabbin’ for some silver,
Don’t they know they’re slaves,
They’re just pyramid builders,

Maximum potential,
It’s just in sight ,
Those hairless monkies scramble,
They’ve already lost the fight,

Cutting down trees faster than they grow,
Watch the hairless monkies, what they don’t know
The top owns their asses and the top makes their bread,
The tired hairless monkey works ‘til he dead,

[Serpo]

http://www.rumormillneIn order to do my duty to all those who may be at risk, I am offering this report.
In following finance it is always wise to know in advance exactly what is going on, and offer insight into the realities governing the forces at work.
In the recent past I have clearly stated that those who have had the ‘power’, financial and political/military, are loosing control.
In the strictest terms, manipulations of ALL markets has been running rampant in the wildest ways.
Those who understand the true nature of ‘collateral’ and its origins, knows that ALL currencies are based on this collateral.
In recent weeks, there has been open manipulation of precious metals markets.
Extreme drops in ‘delivered’ prices, or spot prices, was seen by everyone with any interest.
I have stated openly that this was done on purpose by the largest holders/traders, institutional and private.
Most of the large traders always use ‘paper’ in their large trades.
The delivery contracts are a form of ‘bond’, as an agreement, between buyer and supplier.
Everyone has been told to exit ALL paper of every kind.
The open standing orders for tons of Gold was the final signal to every holder. This was a forewarning of a ‘serious problem’.
Due to needs, most holders of paper have been requesting ‘physical delivery’ of their Gold.
>Most have been Refused by the trading entities involved at the highest levels and largest firms.<
These traders used the same scam as central banks of ‘fractional banking’, loaning and selling ghost Gold!
>The real assets sold far outstrip supply.<
One of two things will occur. Acceptance of cash in stead of the Gold, OR a complete ‘default’ in the whole trading markets.
Either way, those holding (in hand) real Gold will see the price go through the roof!
Basic economics states clearly that, high demand and short supply, means a rise in price.
Although none of the main stream media is reporting this collapse on one side and skyrocketing on the other, I am.
Note that the price was artificially suppressed recently. Notice that even though an artificial collapse was attempted, it Failed!
Many who had seen the Gold commodity fall, suddenly became Buyers.
This caused a stabilization of the price and a short time later a rise.
At this point, the large traders have tried to make calls accepting the physical Gold, and most have been refused because of a lack of supply.
>Hold or buy Gold NOW!<
As the ‘Paper’ Gold has started to be used, there isn’t enough to make delivery. $1.1 Trillion in paper was dropped into the markets and the price went to $1300.
Just as suddenly, a feeding frenzy of buying took place, and the price rose to $1400 +.
The price is still climbing…
First, paper gold will decrease in value.
Second, all physical gold will increase in value.
Third, there will be a ‘failure’ in the traders markets.
Fourth, those holding physical gold will see the real ‘price’.
My estimate of valuation is in the three times (3 X) present price.
This will cause extreme panic among those who have relied on currency support through assets held by central banking and treasuries World Wide.
Hold your ground AND your water.
Under no circumstances, sell your Gold.
As currencies are affected, only those ‘commodities’ recognized as currency, will be honored as currency. This is Gold and Silver.
Behind the scenes, Neil Keenan is very close to releasing the collateral accounts.
This means that the holders of the collateral that ALL currency value is drawn from, have decided to ‘call’ the accounts due and payable. Collateral + 4% per anum interest.
I do hope this gives a simple look at a very complex set of incidents.
The impacts of these actions should start to be felt by next week.
Get ready NOW! No one has any time left.
~ Drake

[Serpo]

Sinclair - The Elites Frightening Plan To Control The Masses









http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/28_Sinclair_-_The_Elites_Frightening_Plan_To_Control_The_Masses .html