Jim Sinclair: Expect 100% Cash Margins in Gold & Silver As the Gold Banks Attempt to Execute the COMEX

May 24, 2013 By 18 Comments

Jim SinclairIn his latest alert to subscribers, legendary gold trader Jim Sinclair asks rhetorically where all of JPM’s gold has gone, and whether the gold banks are in the process of executing the COMEX.  Sinclair states that COMEX is experiencing a death rattle, and that they will soon per-emptively raise margins in gold and silver to 100% cash to prevent a full default.

Where has all the gold gone?
Is this where all the gold in Morgan’s vault went?
Are the Gold Banks executing the Comex exchange?
This is the Death Rattle of the Comex exchange.
Gold and Silver exchanges are going to be forced to become cash spot contract physical exchanges.
The Comex will not wait until they have only one ounce left in the warehouse. They will once again change the rules of delivery and go to 100 percent margin.

Sinclair’s full alert is below: [Read more...]

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Jim Sinclair: Take Delivery & End the Slavery of Real Gold to False Paper!

May 23, 2013 By 21 Comments

jim sinclairJim Sinclair sent an email alert to subscribers Wednesday night urging PM investors to stop speculating in the paper markets, and to take physical delivery of their gold bullion:
Paper Gold must cease to function. Manipulation without even a concern to conceal is no longer acceptable. Gold bullion must be emancipated from no gold paper gold. The key to the emancipation of physical gold from paper gold is the warehouse supply held primarily by the COMEX.
Take delivery and end the slavery of real gold to false paper by bringing it to a screeching halt.
Force the exchanges to change their delivery contract to cash. Physical gold demands FREEDOM. Stop speculating in paper gold as it only hinders physical.

Sinclair’s full alert is below:
 [Read more...]

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Motive, Means, & Opportunity in the Gold Market

May 21, 2013 By 6 Comments

The various governments of the world and their central banks produce and distribute a product – paper currencies. Those currencies are backed by confidence, faith, and credit, but not by gold, oil, or anything real. Those currencies are digitally printed to excess, since almost all governments spend more than their revenues. The UK, Japan, and the USA are prime examples.
Central banks and governments have, to one degree or another, the motive, means, and opportunity to manage the price of gold. Clearly, their bias is to hold the price of gold low and to restrict its upward movement. Similarly, they want bond and stock markets to move higher, but that is another story.

YOU have motive, means, and opportunity to protect yourself and to profit from this process. [Read more...]

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Jim Willie: Bullion Bank Run in Progress, Climax Coming!

May 20, 2013 By 89 Comments

gold run“Hang on to your gold [and silver], don’t even watch the corrupt gold price, because I can guarantee you in the next several months, or a year or more, there will be NO COMEX GOLD PRICE. Because they will have no inventory; they will offer no more futures contracts, because the line up for lawsuits and prosecution will be so long…”

Jim Willie says the recent gold price take-down has caused, “A bank run in gold bullion banks.  It’s a vault run. . . Wealthy investors are asking for their gold, and some are finding out it’s not there.” Jim Willie, who holds a PhD in statistics, says things are getting worse. Dr. Willie contends, “Back in 2011 and 2012, you had an important event every three of four months. Now, it’s every two or three weeks. So, the mean time between failures is rapidly declining.” Dr. Willie goes on to predict, “Before, they were talking about stress tests. Now, they realize that all of them in the past were a fraud. So, they are talking about ‘bail-ins’ because they are expecting failures.” Dr. Willie contends, “It’s all coming to a climax where gold is going to be central with a gold-trade central bank and gold priced at $7,000 per ounce.” Join Greg Hunter as he goes One-on-One with Jim Willie: [Read more...]

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Gold & Silver Being Held Hostage in the Ultimate Banking Crisis

May 20, 2013 By 7 Comments

bullion hostageThis is all about a banking crises!  Gold and silver are being held as hostages.
The central bankers have their overly-rehypothecated teat caught in the wringer of world-wide demand for physical gold, and they cannot get it out.  Their only recourse has been to drive down, crush would be a better description, the fiat [paper] prices of gold and silver so they can “buy” time to acquire whatever physical available to cover their cheating ways.
Ironically, while these financial fiat-wizards are in a panic mode, of sorts, they are able to buy physical at somewhat lower prices and destroy the ability to take delivery for  those if-you-do-not-hold-it-you-do-not-own-it paper holders upon demand.  “Sorry, but you can only have paper fiat.  Didn’t you read the fine print?”

As we have been saying since 35 silver, 1800 gold; 30 dollar silver, 1700 gold; 25 silver, 1500 gold, etc, the issue is not price, rather, and most importantly, it is all about having possession of the physical for which there is an insatiable demand.  We have been saying this for many months:  keep buying physical gold and silver regardless of price.  At some point in time, it may not be available to buy, except at substantially higher prices, or not at all. 
Better to be the proverbial year early than a day late.

[Read more...]

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The Sell-Off In The Precious Metals and Mining Stocks Is Just Plain Silly Now

May 18, 2013 By 15 Comments

silver smashCurrently, I don’t think it’s possible for the media reporting and investor sentiment to get any more negative toward gold. But quite frankly, given the extreme negative sentiment, in addition to the numerous other contrarian indicators I’ve outlined in previous articles, I have never in my life seen a market set up technically for a big bull move as gold/silver and the mining stocks are now. – Dave Kranzler, Seeking Alpha

Let’s be clear here, if I thought the fundamentals of the global financial system were improving in a way that was negative for gold, I would go short gold and load up on stocks and junk bonds. No question about that. [Read more...]

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Controlling the Beginning Stages of Hyperinflation by Manipulating the Precious Metals

May 16, 2013 By 38 Comments

The tactic by the Fed and Central Banks is to inflate the stock markets while manipulating the price of gold and silver lower.  This achieves two goals: 1) it reassures the public’s faith by pumping up stock prices while the economic indicators continue to deteriorate and 2) it elevates the dollar while it destroys market sentiment in the precious metals.

So far, the strategy has worked.  Some of the toughest gold and silver bugs are becoming extremely frustrated and downright bearish.  You can’t blame them as this is typical human psychology.   Although, extremes and manipulations never last forever and at some point in time they reverse.

If we look at the next series of charts, we can see just how extreme the gold & silver markets have become.  In typical inflation-hyperinflations, stock and commodity asset prices rise together.  However, since the Fed announcement of Q3, only certain asset classes have risen — mainly stocks, real estate and to a lesser extent, bonds. [Read more...]

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Bill Murphy on Latest Metals Raid: There’s NO RULE OF LAW in US Financial Markets!

May 16, 2013 By 20 Comments

Bill MurphyGATA’s Bill Murphy was interviewed by Finance and Liberty for his thoughts on the latest smash in gold and silver, taking the metals back under $1400 and $23.
Murphy stated: We’ve been having waterfall attacks every other day for the past 2 weeks. It’s clearly the gold cartel, why no one else talks about this is beyond my comprehension! Plan A (for a metals smash) is around 3am NY time when London traders report for work, and Plan B after the London fix, they hit it when the COMEX opens with thousands of contracts in seconds.  Sentiment, retail sales, absolutely nothing matters to this market except bullion banks discharging their bazookas!
On how far gold & silver could fall if $1300 & $22 give way: There’s no telling. This is like the German’s invading Russia in WWII.  They kept going & going, but they overextended themselves, and had to fall-back.  This was orchestrated in the beginning of October, & I’ve never seen anything like it.

Murphy’s full thoughts on the latest gold & silver take-down are below: [Read more...]

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Indisputable Proof Paper Gold Markets are Massively Manipulated

May 14, 2013 By 19 Comments

Jamie DimonWhat would you think if someone told you the following?
“Three times this week, I am going to tell you the low price of gold with near perfect accuracy, and one of those three times, I am going to tell you events that will precede the low and the exact time that gold prices will crash.”

You would likely conclude that either:
(1) I am somehow directly involved in setting the price of gold in paper derivative markets, or
(2) that since nearly perfectly predicting gold price movements three times in one week in a free market is impossible, that such an accomplishment would serve as indisputable proof that gold markets are rigged and manipulated by bankers, as none of my predicted price targets depended upon technical chart analysis of any kind.
So let’s summarize my calls regarding gold price movements on three separate occasions last week, and why I feel that the accuracy of these calls serve as indisputable proof that Central Bankers and their agent bullion banks manipulate the price of gold and silver. [Read more...]

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Eastern Hemisphere Physical Gold Buying is Going to be the Federal Reserve’s Waterloo!

May 10, 2013 By 27 Comments

Source: Merk Investments

Connecting all the dots, there is no question in my mind that the big price smashing of gold in mid-April was an operation designed to shake loose enough 400 oz. gold bars out of GLD in order to satisfy the enormous delivery demands coming from Asia, India and even within Europe.  GLD is the only possible source of above-ground 400 oz. gold bars that could be used to satisfy this enormous demand for physically deliverable bars.
At some point, and probably sooner than most people are willing to believe, this physical demand is going to force an upward “explosion” of the paper derivatives being used to hold down the spot price right now. 

In 30 years of studying and trading the financial markets, I have never seen contrarian indicators for any market sector flashing as bullishly as they are for gold and silver, which further confirms my view that the metals have bottomed and are getting ready to give those of us who held on the ride of a lifetime. [Read more...]

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Free Market Forces Will Do What the CFTC Will Not!

May 10, 2013 By 5 Comments

gold & silver sold outThe 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.
[Read more...]

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Gold Banks Have Shot Themselves in the Head, Emancipation of Physical Gold from Paper is at Hand!!

May 9, 2013 By 29 Comments

sinclair1Jim 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...]

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Are We On The Verge Of Witnessing The Death Of The Paper Gold Scam?

May 9, 2013 By 35 Comments

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...]

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Gold And Silver – Are You A Lion Or A Gazelle?

May 7, 2013 By 9 Comments

gold cartelWe see the lions as issuers of fiat, Gazelles as owners of gold, and if you are uncertain as to which you are, the issuers of fiat will  financially eat you alive.  Cyprus was an overt wake up call.  Many people in the U S think it will not happen to them.
It already has. [Read more...]

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Jim Sinclair: Time to Sell Your Car(s) to Increase Your Gold Position!

May 6, 2013 By 58 Comments

SinclairJim Sinclair sent an email alert out to subscribers Monday, advising precious metals holders that the recent take-down in the metals was not a short play, but a desperate attempt to help the dollar and to keep the system alive.

Sinclair states that The not-anticipated result of the take down on paper gold was to wake a sleeping elephant of physical demand from other every corner of the globe. The opinion of the operators is that if the gold banks can keep pressure up on paper gold the huge demand for physical will fizzle. The world outside of North America has recent memories of monetary situations exactly the same as now. They know that paper is in its final stage and gold is in a major ascendancy.
Sinclair is so confident that gold is moving majorly higher that he advises readers: If you have two cars sell one to either initiate or increase your gold and unique gold producer position. If you live in a metropolitan city, sell both!

Sinclair’s full alert is below: [Read more...]

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