Ted Butler: Blockbuster in Gold as JP Morgan Likely Acquired 10 M oz of Gold Liquidated by GLD!
- All scams are based on deception and mis-direction! Illuminist banksters are quietly accumulating physical gold and silver while depressing the paper prices! When they are done with the accumulation, gold and silver will skyrocket!
- - Ted Butler: Blockbuster in Gold as JP Morgan Likely Acquired 10 M oz of Gold Liquidated by GLD!
by Ted Butler, via http://silverdoctors.com/
One of the key considerations in gold has been the redemption of more than 10 million ounces (over $15 billion) since year end from the world’s largest gold Exchange Traded Fund, GLD. I believe that the big buyer of the 10 million ounces of gold liquidated in the GLD was JPMorgan, either alone or with other collusive commercial banks.
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I’m not suggesting that JPMorgan did anything wrong by intentionally evading SEC reporting requirements. That potential infraction pales in comparison to the real crime. In this crime (actually more egregious in silver than in gold) the crooked bank manipulated gold prices lower, via the usual COMEX price-fixing mechanics, to induce GLD shareholders to sell. This was a planned and executed operation that left no stone unturned.
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It appears to me that JPMorgan and their ilk have bought absolutely massive quantities of gold and silver in many different markets. Unfortunately, much of that buying has come as a result of the deliberate and successful manipulation of price in order to force others to sell. I don’t believe that is fair or even legal. Nevertheless the bloodless verdict of the market suggests we are going a lot higher at some point soon.
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by Ted Butler:
This has been one of the worst stretches for gold and silver price-wise in quite some time, no secret there. I have to go back to when silver was in single digits to find a comparable period. The question on precious metals investors’ minds is whether this bad stretch is going to continue much longer. Are the past few months setting the stage for a pronounced rebound in prices or has the tide changed for the worse for an extended period of time? I think the answer can be found in analyzing the following facts:
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One of the key considerations in gold has been the redemption of more than 10 million ounces (over $15 billion) since year end from the world’s largest gold Exchange Traded Fund, GLD. That is a major amount of gold and represents around 25% of the entire holdings in GLD (at year end). The gold ETF holds the largest privately held stockpiles of the metal. Consequently it has a pronounced influence on gold prices.
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It is widely reported that the 10 million ounces of gold that came out of the GLD have been bought by India or China, even though substantiating data is lacking. Let’s only consider the facts that we know. The 10 million gold ounces that came out of the GLD equals roughly 100 million shares of GLD (one-tenth ounce per share). The 10 million ounces that are no longer in the GLD still exist and, therefore, must be owned by someone. We know that the reason the shares were liquidated in GLD was due to the rotten price performance that weighs on metals investors’ minds. This tends to eliminate China as the big buyer; as such buying would cause gold prices to rise, not fall. The shares were sold and metal redeemed because the price went down, largely a self-reinforcing spiral. We know how much was sold and who the sellers were. What we don’t know is the identity of the buyers. There is a good reason for that. The buyers have tried mightily to hide their identity.
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Silver To Soar A Stunning 400% & Gold $1,500 In 10 Months
- Silver To Soar A Stunning 400% & Gold $1,500 In 10 Months!
by www.kingworldnews.com
With continued uncertainty in the gold and silver markets, today a 56-year market veteran told King World News that silver will advance 400% from current levels and gold will soar $1,500 in less than a year. He also added predictions regarding longer-term price objectives.
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Here is what 56-year market veteran Ron Rosen had to say: “The HUI and gold have have had three major buying opportunities since the bull market started roughly 12 years ago. Each one has led to huge profits and we are now at the fourth bottom which will produce the greatest amount of profits since the bull market began.
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So we’ve hit the bottom and now we are headed higher, and there is no limit as to how high gold and silver can go from here. Looking back, this will be seen as the greatest opportunity of all if someone has the guts to get in the market now….
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Dr. Noam Chomsky Breaks the Set on War, Imperialism, and Propaganda!
- Published on May 21, 2013
Abby Martin Breaks the Set on Media Propaganda, War on Terror, Civil Liberties and more with Dr. Noam Chomsky
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Bullion Bank Led Casino Manipulates Gold Price – And Everything Else!
- Bullion bank led casino manipulates gold price – and everything else!
by David Levenstein, http://www.mineweb.com/
While the banking cartel tries to suppress gold prices, demand for the physical metal continues to increase.
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JOHANNESBURG - Although the primary purpose of the futures markets is to provide an efficient and effective mechanism for the management of price risks, when it comes to precious metals, and as we have seen in recent weeks, it has become nothing more than a casino run by a group of bullion banks that are acting as agents for the US Federal Reserve which is intent in manipulating these markets as they do all other markets. And, while much of the recent volatility has been caused by the options and futures market, the regulatory authorities of the CFTC who came up with a series of hikes in margins to stop the price of both gold and silver from rising, claiming that the markets were extremely volatile, I see they have done nothing to prevent the recent price drops.
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The action or lack thereof by the regulatory authorities is most disturbing and would suggest that they themselves are colluding with the parties involved in this illegal manipulation of the gold and silver market.
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How can they ignore the massive short sale that took place on Friday, April 12, 2013, when short sales of gold hit the New York market in an amount estimated to have been somewhere around 400 tons of gold? This enormous sale implies an illegal conspiracy of sellers intent on rigging the market or action by the Federal Reserve through its agents, the bullion banks. Last Friday, this suspicious selling resumed, with the equivalent of 17 tons sold on the New York Comex in two bursts in the morning, according to market sources.
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Any normal seller that wanted to exit a position would do it discreetly and slowing thereby trying to ensure the best possible price and not simply dump an enormous amount all at once unless the goal was not profit but to smash the bullion price.
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read more!
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Israel: Denying the Murder of 12-year-old Palestinian in 2000!

Revelation 2:9 – …. and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.
“In 2001, Dr. Ariella Oppenheim, of Hebrew University, a biologist, published the first extensive study of DNA and the origin of the Jews. Her research found that virtually all the Jews came from Khazar blood. Not only that but Oppenheim discovered that the Palestinians—the very people whom the Jews had been persecuting and ejecting from Israel’s land since 1948—had more Israelite blood than did the Jews. In sum, the vast majority of the Jews were not Jews; some of the Palestinians were. Some of the Palestinians even had a DNA chromosome which established that they were “Cohens”—workers at the ancient Temple and synagogues of the Jews.” - Quote
- Mr. Benjamin Freedman, a Jewish industrialist born in New York, wrote in the Economic Council Letter published there of October 15 1947: “These Eastern European Jews have neither a racial nor a historic connection with Palestine. Their ancestors were not inhabitants of the Promised Land. They are the direct descendants of the people of the Khazar Kingdom. The Khazars were a non-Semitic, Turko-Mongolian tribe.” Mr. Freedman was challenged, unwisely, by a Zionist objector; he invited his challenger to go with him to the Jewish room of the New York Public Library. There they could together examine the Jewish Encyclopedia volume I pp. 1-12, and the published works of Graetz, Dubnow, Friedlander, Raisin and many other noted Jewish historians, which, as well as other non-Jewish authorities, “establish the fact beyond all possible doubt”.’
~ Somewhere South of Suez (1950) pp349-350.”
- - See also:
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The “Jews” Are Not The Seed of Abraham! How The Racial Hoax of The “Jews” Was Finally Exposed !
Zionist Claim to Israel Unfounded ! Ashkenazi Jews are NOT Descendents of Israel !
New DNA Research Confirms That Modern Khazarian “Jews” Are Not the Descendants of Ancient Isrealites or The Seed of Abraham!
The End of The LIE ! 90+% of Modern Jewry are Non Semitic Ashkenazi Khazars! Not Real Jews! Not Descendents of 12 Tribes of Israel !
New Genome Study Destroys Zionist Claims to Palestine! Koestler’s Khazar History Vindicated ! Zionists Design Myth of Jewish Genome to Usurp Palestine!
Debate on European Jews’ Origin Settled? Koestler’s Khazarian Theory Vindicated !
Ashkenazis ‘Self Styled’ Jews Are NOT the Descendants of the Ancient Israelites!
Benjamin Freedman: Ashkenazi Khazars Self Style “Jews” Are Not Semitic And Not The Biological Descendents of The 12 Tribes of Israel !
The 13th Tribe of Khazaria! Ashkenazi Khazars Are Not The Jews of The Bible!
Modern Ashkenazi Jews are not the Jews of the Bible!
New Genetic Research Confirms Koestler’s “Khazar” Theory! Ashkenazi Jews Are Not The Jews of The Bible !
Ashkenazi Jews are Turkic Khazars! They Are Not The Israelites of The Bible! Not The Biological Descendents of The 12 Tribes of Israel !
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Keiser Report: Down is New Up, Up is New Down (E447)!
- Published on May 21, 2013
In this episode of the Keiser Report, Max Keiser and Stacy Herbert examine whether the markets are soaring or crashing but find it impossible to determine as long standing data patterns have broken down. They discuss feeding the ducks while they’re quacking and bitcoin vigilantes fighting the Fed. In the second half, Max talks to Sandeep Jaitly of FeketeResearch.com about the imminent extinction of the price of gold as well as the permanent backwardation in both gold and silver markets.
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Got Gold Report May 20 2013!
- Published on May 21, 2013
Gene Arensberg updates Got Gold Report subscribers on important changes in the CFTC Legacy commitments of traders (COT) report for gold and silver.
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Gold, Silver & 100-Year Inflection Point To Crush The West !
- Gold, Silver & 100-Year Inflection Point To Crush The West!
by www.kingworldnews.com
On the heels of the Fed’s James Bullard saying the central bank should continue its bond buying program, today acclaimed money manager Stephen Leeb spoke with King World News about what he described as a key 100-year inflection point. Leeb also discussed gold and silver. Below is what Leeb had to say in his interview.
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Leeb: “In addition to being focused on the gyrations in the gold and silver market and whether we have now successfully tested a bottom, the bigger picture is that the world remains a mess. Yes, eventually all of the money that is floating out there is going to lead to inflation, but there are also a great many other problems that governments around the globe will have to contend with.
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Clearly Europe is not out of trouble. Spain, as an example, is literally ruling with fear. Their government is staying in power by virtue of fear. The public is scared that if they drop out of the euro all hell will break loose. That’s what the government is telling them. I don’t think the government of Spain can keep the populace at bay using fear for much longer….
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read more!
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Clients Denied Gold At Major Banks As Shortage Intensifies!
- Clients Denied Gold At Major Banks As Shortage Intensifies!
by www.kingworldnews.com
Today Egon von Greyerz told King World News that clients are having tremendous problems getting their physical gold out of Swiss banks as well as other major banks as the shortage intensifies. Greyerz also discussed the fact that refiners simply cannot keep up with demand, “no matter how much they produce.” Below is what Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say in this extraordinary interview.
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Greyerz: “This week I want to talk about what we are seeing in the physical gold market, and why there is a disconnect in that market. We transfer a lot of gold from Swiss banks and other banks into private vaults for investors.
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More often now, than ever, we are encountering incidents when the banks are putting up all kinds of obstacles for these transfers. The first sign of the potential shortage of physical gold started with ABN AMRO a few weeks (when they) declared that they would renege on their commitment to redeem gold accounts in physical gold….
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Thanks To QE Bernanke Has Injected Foreign Banks With Over $1 Trillion In Cash For First Time Ever!
- Thanks To QE Bernanke Has Injected Foreign Banks With Over $1 Trillion In Cash For First Time Ever!
by Tyler Durden, www.zerohedge.com
Two years ago, Zero Hedge first made the observation that the bulk of Fed reserves (also known simply as “cash created out of thin air” because money is first and foremost fungible no matter what textbook theoreticians may claim, and the only cash allocation preference is the capital allocation IRR analysis) had been parked not with US banks, but with foreign banks with US-based operations. We followed that with more analyses, showing explicitly how the Fed was providing a constant cash injection to foreign banks courtesy of the rate on overnight reserves which is the amount Fed pays to banks that hold reserves with it, as the bulk of reserves continued to end up with foreign banks – a situation set to become a huge political storm some time in 2014-2015 when the IOER has to rise and the Fed is “found” to have injected tens of billions of “interest” not into US banks but in foreign banks operating in the US, and which then can upstream the “profits” to insolvent offshore domiciled holding companies.
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So it was our expectation that while if not slowing down its rate of money-creation (i.e., reserve-production) – something that won’t happen for a long time as it would crash the stock market – the Fed’s reserves would at least revert to being accumulated at US-based banks. No such luck. In fact as the latest H.8 report demonstrates, as of the most recently weekly data, the Fed’s policies have led to foreign banks operating in the US holding an all time high amount of reserves, surpassing $1 trillion for the first time, or $1,033 billion to be precise.
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This means that, as we expected several months ago, the only recipient of ongoing Fed money printing are not US banks, but foreign banks operating in the US. For those confused about the big picture, here is a chart showing the breakdown of cash held by big and small US banks as well as foreign banks, superimposed to total reserves created by the Fed since the start of the Great Financial Crisis. The correlation is 100%.
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And just to prove that ALL the unsterilized cash from both QE2 and QEternity has essentially gone to support offshore banks, here is the conclusive chart showing the change in Fed reserves and cash held by foreign banks:
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5/20/2013: Oklahoma City, Massive Tornado Damage – RADAR Pulse / “HAARP Ring” / Scalar Square Confirmation!
- Illuminists are screwing the sheeple again with their HAARP weather modification weapon!
- - 5/20/2013 — Oklahoma City, Massive tornado damage — RADAR pulse / “HAARP ring” / Scalar Square confirmation!
by http://sincedutch.wordpress.com/
Late PM May 18, 2013 going into early AM May 19, 2013 — A series of RADAR pulses / “HAARP rings” / Scalar Squares appeared over Oklahoma City.. South across the state.. and East to Tulsa. Move forward 36 hours, and we see a devastating series of tornadoes form, and hit the pulsed areas.
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Here is the Scalar Square from late PM on May 18th going into the 19th… see the Oklahoma portion at about the 6 minute mark: (top of post)
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