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.
  -
  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.
  -
  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.
  ———————————————
  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:
  -
  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.
  -
  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.
  -
  read more!

end

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. 
  -
  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.
  -
  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….
  -
  read more!

end

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.
  -
  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.
  -
  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.
  -
  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.
  -
  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.
  -
  read more!

end

Godfrey Bloom MEP: Why the Whole Banking System is a Scam!

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.

end

Joel Skousen: Obama Creating A Third World America! The Runaway Darkside of Govt !

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.

end

Gold, Silver & 100-Year Inflection Point To Crush The West !

Storms ahead !

• 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.
  -
  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.
  -
  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….
  -
  read more!

end

Clients Denied Gold At Major Banks As Shortage Intensifies!

Where’s the gold?

• 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. 
  -
  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. 
  -
  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….
  -
  read more!

end

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.
  -
  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.
  -
  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%.
  -
  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:
  -
  read more!

end

Silver COT The Day the Numbers Lied Just Like Everything Else Related to Silver Prices!

• Published on May 20, 2013
  The silver versus gold argument would not be much of an issue if individuals really understood the depth of the coming silver absence. Some find it hard to believe, nevertheless not only is the cost of silver formed by monetary requirement, nonetheless that demand is supported by silver’s commodity dynamic, which can enter severe lack at any moment.
  -
  Due to the fact that of silvers historical volatility weather condition disadvantage or upside, the gold silver proportion is still incredibly positive for changing out of gold into silver.
  -
  We also get large amounts of supply questions about mining and the scrap silver market. In the medium term, we can at some point see a boost in scrap silver expenses, in parallel with silver stock rates. Because of silver commercial use in the last century, most continuing to be above ground silver will need work to recuperate – easily of mining.
  -
  Investors frequently ask about the silver share expense when they in fact desire to to find out about the rate of one physical ounce of silver. This additionally shows the dichotomy in between paper and physical ownership.

end

Caterpillar North America Sales Collapse Suggests US Economy Back To 2010 Levels!

• Caterpillar North America Sales Collapse Suggests US Economy Back To 2010 Levels! 
  by Tyler Durden, http://www.zerohedge.com/ 
  While we have wondered on numerous occasions previously if the collapse in lumber prices is the far more accurate indicator of end demand for housing (as confirmed by the recent collapse in multi-family housing starts), perhaps an even better indicator of trends in housing (and by implication the broader economy) is private sector intermediate end demand, such as Caterpillar North America sales, which unlike government data, are far less subject to political intervention, interpolation, guesswork, seasonal adjustments and otherwise, general manipulation.
  -
  And even though we have previously reported on the woes ailing the world’s largest seller of bulldozers, excavators and wheel loaders, such focus was primarily targeted in the offshore markets, and especially China (the abysmal European market needs no mention). So maybe the time has come to shift attention to the US, where as Caterpillar just reported, not only are all foreign markets still trending at several impacted levels, but where US machine retail sales just saw the biggest tumble in three years, falling 18% Y/Y: the most since early 2010. What is more disturbing is that CAT equipment is used in far-broader economic activities than merely housing, and likely is a far more accurate indicator of true industrial end-demand than any other number cherry-picked by the government.
  -
  read more!

end

Deepcaster: Biggest Bubble About to Burst !

It is coming soon!

• Deepcaster: Biggest Bubble About to Burst! 
  by Deepcaster, http://silverdoctors.com/ 
  “Nothing is normal: not the economy, not the financial system, not the financial markets and not the political system.  The system remains still in the throes and aftershocks of the 2008 panic and the near-systemic collapse, and from the ongoing responses to same by the Federal Reserve and federal government.  Further panic is possible and hyperinflation is inevitable.   What continues to unfold in the systemic and economic crises is just an ongoing part of the 2008 turmoil.  All the extraordinary actions and interventions bought a little time, but they did not resolve the various crises.  That the crises continue can be seen in deteriorating economic activity and in the panicked actions by the Federal Reserve, where it proactively is monetizing U.S. Treasury debt at a pace suggestive of a Treasury that is unable to borrow otherwise. -John Williams, ShadowStats
  -
  It had to happen. And now it has begun. The very biggest bubble in financial history has begun to deflate. And over the next few months, we expect that deflation to accelerate and morph into a bursting.
  -
  read more!

end

Jim Willie: Bank Run Happening in Bullion! Coming to a Climax with Gold at $7,000 per Ounce!

• Jim Willie: Bank Run Happening in Bullion! 
  by Greg Hunter’s USAWatchdog.com
  Jim Willie, Editor of The Hat Trick Letter, 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 of GoldenJackass.com.

end

We will go to Bed with Gold at $1,500 and Wake Up with it $4,000 Bid… and Nothing Offered !

Where’s the gold??

• Going to bed… 
  by Bill Holter, http://blog.milesfranklin.com/ 
  We will go to bed with Gold at $1,500 and wake up with it $4,000 bid… and nothing offered.
  -Reg Howe (many of you know him, some of you don’t but we all owe him a debt of gratitude)
  -
  This quote by Mr. Howe sounds crazy.  It sounds impossible and sounds like the rantings of a raving lunatic right?  Well, no it doesn’t.  Actually, I believe that something resembling this will not only happen but has to happen.  Logically, mathematically and just pure structurally an event very similar is locked, loaded ready for the trigger to be pulled.  But how can I say this?
  -
  All you have to do is look at the supply and demand of both gold and silver.  We know now that “new” supply has not met demand for years, at least 20.  We know from export data from the U.S. (courtesy of detective work by Eric Sprott) that 4,500 tons of gold has been exported from U.S shores since the mid ’90′s and that just the first 2 months of this year 130 tons were exported (courtesy of Harvey Organ’s detective work).  But how can this even be? The U.S. only produces just under 250 tons of gold per year.  How could we have exported 130 tons in January and February if our mines only produced 40 tons?  How could we have exported 4,500 tons over the years if we only produce 240 tons per year?  We know that the mint uses gold, jewelry has been produced each and every year and so has industry for various applications.  So how is this possible?  Where did the gold that we know was used and are told was exported come from if the “total” is far and beyond what we produce… every single year?
  -
  Let me backtrack just a little bit.  We are also seeing big movements of inventory reporting.  The COMEX has been bleeding down both gold and silver inventories as have the ETF’s GLD and SLV.  Deliveries are being made and inventories are declining at the same time that we are being “told” that no one wants gold or silver based on their price actions.  We are being told that they are THE most hated investments on the planet and the prices are crashing.  But why then are physical prices trading above the paper prices and who in their right mind would be taking deliveries?  …And why would they be taking deliveries in such big portions?
  -
  Add to the above the anecdotal evidence from India that they are now only getting 10% of their orders or the Shanghai exchange making huge deliveries through April and now in May they have delivered almost nothing.  Huge demand in China, India, Dubai and the UAE, throughout Europe and in the U.S, did I forget anyone?  Or what about ABN Amro informing their customers that “no more physical deliveries will be made?”  Why are there premiums to get the real thing instead of just being “happy” with paper receipts?  Why did Germany ask for their gold back and why are the Swiss doing a referendum on the same?  There are many more pieces to this puzzle but you get the gist, something really weird (fraudulent) is going on here because the numbers don’t (have not for years) add up and there are huge movements of inventories in the face of exploding demand (and crashing prices) all over the world.
  -
  Something big, REALLY big is happening behind the scenes that we are not “privy” to but… you don’t have to be a rocket scientist to know where this is going.  As I started this piece with a quote from Reg Howe, “You will go to bed with gold at $1,500 and wake up with it bid at $4,000 and none offered.”  The point is this, something has and is changing with the supply demand situation in the precious metals.  We know that demand has exploded, inventories are being drawn down and that investor appetite is to have the metal delivered, no more “I think I’ll just leave it with my ‘trusted’ custodian.”  No, it is now cash and carry and many of those who had previously purchased are only now getting around to the “carry” part.
  -
  read more!

end