The CFTC IS the watchdog for abuse in the options and futures markets and Friday April 12-Monday April 15 were beyond obvious as to what was done. Reportedly 1,000+ tons of paper Gold were sold in less than 8 hours of trading. This is 32 million ounces. This is 40% or more of ALL Gold produced on the planet in 1 ENTIRE YEAR! “Who” in their right mind would sell in this fashion? Who in the world even holds this amount of Gold? The answer in case you are wondering is NO ONE (other than central banks and THIS may not even be true any longer)!
Forget completely the nuts and bolts, look at this through the eyes of an 8 year old. The price of the physical metal is different than the futures prices. ONE of these two must be wrong by definition as they cannot both be correct. The “price” is and has been “set” by the paper markets. The “tail is wagging the dog”, this is more than obvious. The futures markets were set up originally to create liquidity and facilitate suppliers hedging and speculators speculating. This has gone on for years now (at least since 1996). Obviously “something” isn’t right when one market has one price and the other another price so …what to do? Just sit back and wait…for the inventories to be wiped bare.
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Rob Kirby- FULL SPECTRUM BANKSTER DOMINANCE
Rob Kirby of Kirby Analytics joins me to discuss what he’s calling full spectrum dominance – Bankster dominance, which is exactly what humanity is being subjected to. What is full spectrum Bankster dominance? It’s the boots-on-our-throats police state rolling out worldwide, it’s the latest policy of ‘Bail ins’ allowing the criminal banks to literally STEAL depositors cash whenever they’d like, it’s DOW 15,000+ and the plunge protection team. These stinking Banksters control it all through their Derivatives complex, and the head of the snake is the Bank of International Settlements in Basel, Switzerland. The good news if there’s any? The pure criminality of the system is now becoming evident to even the most diehard establishment supporters. [Read more...]
Bernanke Talks, Metals Smashed
Source: Banzai7
Bernanke has just taken the podium at the SIFI conference at the Chicago Fed. To no surprise, the metals are being raided, in classic cartel fashion.
Watch Bernanke’s full speech below: [Read more...]
Abenomics Brings Currency Wars to G7 Talks
Shinzo Abe unleashed his plan with the blessing of the Bank of Japan to begin aggressive government bond purchases. This has led to a massive growth of 60% on the Nikkei and is deflating the yen and boosting their exports. Kyle Bass of Hayman Capital, a strong gold bullion supporter, previously described the country’s combination of; the highest Debt-to-GDP ratio, its large trade deficit, low FDI and a declining population as a “vicious cocktail”.
Abenomics in simple terms allows the nation’s Prime Minister to push its supportive Central Bank to increase the money supply by ramping up government printing presses, resulting in the yen dollar to break the ¥100 barrier.
Not un-expectantly, this aggressive and potentially calamitous policy has caused other countries like South Korea & New Zealand to cut interest rates, noting the damaging effects the deflated yen has on its exporters. [Read more...]
Ted Butler: CFTC- The Worst Regulator Possible
By SD Contributor Ted Butler
We’ve just crossed a few important anniversary dates that relate to silver that taken in proper perspective point to a disturbing conclusion. That conclusion is that the US commodities regulator, the CFTC, has done more public harm than good over the past few years. Simply put, the public and our markets would have been better off had the agency not been run by the commissioners in place, specifically including Chairman Gensler and Commissioner Chilton. In fact, rarely has so much promise for genuine regulatory reform been squandered as badly as has been the case over the past few years.
I single out Gensler and Chilton because they were once the good guys on the Commission or the only ones pushing for position limits. Since they have allowed position limits, the silver investigation and the unprecedented price declines in silver to fade into the sunset unresolved, they must be held to the greatest standards of failure. In a very real sense, Gensler and Chilton have done more harm as a result of first championing the important issues and then abandoning them. [Read more...]
2013 Gold Maple Leafs As Low As $39.99 Over Spot and 2013 Gold Buffalo’s As Low As $69.99 Over Spot!!
Doc’s Double Deal of The Day
2013 Gold Maple Leaf
As Low As $39.99 Over Spot!!
2013 Gold Buffalo
As Low As $69.99 Over Spot!!
Click the Coins Or Call
614-300-1094 To Order Today!!
[Read more...]
Jim Rickards Explains How Gold Will Reach $7,000/oz at the Sovereign Man event in Chile
For our readers unable to make it to this year’s Sovereign Man convention in Chile last month, the following clip will provide a taste of what was missed. Rickards breaks down his expectations for gold, and outlines the coming scenarios that will propel the metal of kings to $7,000/oz. Rickards states that the current movement towards multiple global reserve currencies will only exacerbate currency wars, and instead of one Central bank behaving badly (The Fed), we will have 5,6, or 7, and that the IMF will soon begin its own QE, by printing SDRs.
The Currency Wars author points out that if global M2 were to be 100% backed by gold, gold would achieve $44,500/oz, but that even merely using M1 and a mere 40% gold backing results in $7,000/oz gold!
Rickards’ clip from Sovereign Man is below:
Gold Banks Have Shot Themselves in the Head, Emancipation of Physical Gold from Paper is at Hand!!
Jim Sinclair sent an email alert to subscribers Wednesday night, stating that the emancipation of physical gold from the paper futures market is at hand, and that the cartel bullion gold banks have done something much worse then shoot themselves in the foot with the recent gold smash to $1320, they have shot themselves in the head!
Sinclair advises precious metals investors: Hold your gold. You are approaching an event that is going to blow you away. Gold is going way over the modest price of $3500 and paper gold will be emasculated in that it no longer will be a factor in price discovery. The knuckle draggers at the COMEX who are the gold banks have more than shot themselves in the foot with their gold sale. They have taken a direct hit in the head.
Sinclair’s full alert is below: [Read more...]
80% Of The Move In Gold Will Come During The Final 20%—So Hang On!
In response to the last few week’s carnage in the metals and mining markets, I felt compelled to produce an update on what we might be able to look forward too down the line. The theme of this commentary touches on “Pareto’s Law”, commonly known as the “80/20″ rule…which when applied to the markets, states that 80% of the move will occur during the final 20% of a given bull market period.
Furthermore, we might also conclude that 80% of the people will jump on the bandwagon during that same final 20% period. So during these tough consolidations and shakeouts, remember the fundamentals and ultimate destination, as that will provide mental strength.
However, if you’re new to this sector, carefully invest in your education first. [Read more...]
Has Silver Bottomed? The Doc, BrotherJohnF, & Greg Mannarino
The Doc, BrotherJohnF, and Greg Mannarino join Elijah Johnson of Finance and Liberty to discuss the price action and continuing physical shortage in the gold and silver markets.
While a re-test of $22 is possible in the paper futures markets, the price of PHYSICAL METAL has bottomed.
Full interview is below: [Read more...]
Gerald Celente: Crash, Depression, Currency Wars, Trade Wars, Then Real Wars- The End Game Approaches
Trends researcher Gerald Celente predicts war in the Middle East leading to WW3. He says, “It is out of control. What are people waiting for–an Archduke Ferdinand moment?”
Celente thinks Israel bombing Syria means World War 3 is on its way. The cycle leading to war started with the crash of 2008. Celente says, “Crash, depression, currency wars . . . trade wars and then real wars. That’s what we’re seeing again.” Celente charges, “This is a proxy war against Iran because when Syria is choked off, then Iran is left alone surrounded by enemies. So, that’s what we’re really looking at. The end game is Iran.” What would happen if Iran and Israel went to war? Would the Strait of Hormuz close, gasoline explode to $10 a gallon, markets implode? Celente says, “All of the above.” Join Greg Hunter as he goes One-on-One with Gerald Celente. [Read more...]
Are We On The Verge Of Witnessing The Death Of The Paper Gold Scam?
The legal claims on physical gold far exceed the amount of physical gold that the banks actually have by a very, very wide margin. And right now the bankers are scared out of their wits because their warehouses are being drained of physical gold at a frightening rate. So what happens when their physical gold is gone but they still have lots and lots of people with legal claims to gold? When that moment arrives, it will represent the end of the paper gold scam. Many believe that the recent takedown of the price of paper gold was a desperate attempt by the bankers to put off that day of reckoning, but it appears to have greatly backfired on them. Instead of cooling off demand for precious metals, it has unleashed a massive “gold rush” all over the globe. Meanwhile, word has been spreading among wealthy families in both North America and Europe that they had better grab their physical gold out of the banks while they still can. This is creating havoc in the financial community, and at least one major international bank has already declared that it will only be settling those accounts in cash from now on. The paper gold scam is starting to unravel, and by the time this is all over it is going to be a complete and total nightmare for global financial markets. [Read more...]
Consumers Snap Up Gold & Silver Jewellery
Jewellers across the world are seeing a surge in jewellery purchases because consumers are taking advantage of the price drop and purchasing investment pieces that will grow in value over time.
Over 1/3 of Americans plan to purchase jewellery as a Mother’s Day gift, according to a National Retail Federation survey, the highest percentage in the survey’s 9-year history. U.S. jewellery sales have increased from 67.3 billion in 2011 to $71.5 billion in 2012.
In Asia, families often use gold jewellery as part of dowries. Retail sales of gold across China increased three times in mid April when the price fell, according to the China Gold Association. [Read more...]
Bart Chilton Says CFTC Needs to Look into Bitcoin- While Latest Silver Manipulation is Ignored!
How does Bart Chilton and the rest of the regulatory crew explain the 2013 instant replay of 2008? Price gets crashed from “sellers” yet what supposedly was sold can only be bought at a 30% premium…IF you can find it at all? We are still waiting…and now “Bitcoin” is on the front burner I’m sure that Silver (and Gold) will not be addressed until AFTER exchange defaults occur. For that matter, they won’t be reported on after the fact either because we will then have bigger, MUCH BIGGER problems facing us…like where the next meal will come from. [Read more...]
The Price Of Copper And 11 Other Recession Indicators That Are Flashing Red
There are a dozen significant economic indicators that are warning that the U.S. economy is heading into a recession. The Dow may have soared past the 15,000 mark, but the economic fundamentals are telling an entirely different story. If historical patterns hold up, the economy is heading for a very rocky stretch. For example, the price of copper is called “Dr. Copper” by many economists because it so accurately forecasts the future direction of the U.S. economy. And so far this year the price of copper is way down. But that is not the only indicator that is worrying economists. Home renovation spending has fallen dramatically, retail spending is crashing in a way not seen since the last recession, manufacturing activity and consumer confidence are both declining, and troubling economic data continues to come pouring out of Asia and Europe. So why do U.S. stocks continue to skyrocket? Will U.S. financial markets be able to continue to be divorced from reality? Unfortunately, as we have seen so many times in the past, when stocks do catch up with reality they tend to do so very rapidly. So you better put on your seatbelts because a crash is coming at some point. [Read more...]
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