James Turk: We Are Witnessing Extraordinary Events In Gold & Silver!

Source: http://www.tfmetalsreport.com/

• Turk – We Are Witnessing Extraordinary Events In Gold & Silver! 
  by www.kingworldnews.com
  With hedge fund shorts in gold and silver continuing to battle the physical market in London, today James Turk told King World News that the hedge funds will be overrun as the physical market takes down the massively overexposed paper shorts.  Turk also spoke about the wild trading which has centered around the London fix.
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  Turk: “We are seeing some extraordinary events in the gold market, Eric.  One of these was yesterday’s London PM fix, which people are still talking about.  Gold was trading quietly around $1385 just before the fix.  Then, as the fix commenced, gold rose within roughly 15 minutes to $1414. 
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  It was a real rocket-shot and caught the shorts by surprise.  But the shorts regrouped, in order to regain control, and gold then dropped lower in the next 30 minutes.  After the fix ended, gold had fallen to below $1370.  We have to consider the significance of this extraordinary event….
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Andy Hoffman & Rob Kirby: Silver Manipulation, JP Morgan is the GOVT !

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!
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• 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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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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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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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. 
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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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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.
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  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.
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  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.
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  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.

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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.

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Paul Craig Roberts: Washington Signals Dollar Deep Concerns!

• Paul Craig Roberts: Washington Signals Dollar Deep Concerns! 
  by http://www.paulcraigroberts.org/ 
  Over the past month there has been a statistically improbable concurrence of events that can only be explained as a conspiracy to protect the dollar from the Federal Reserve’s policy of Quantitative Easing (QE).
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  Quantitative Easing is the term given to the Federal Reserve’s policy of printing 1,000 billion new dollars annually in order to finance the US budget deficit by purchasing US Treasury bonds and to keep the prices high of debt-related derivatives on the “banks too big to fail” (BTBF) balance sheets by purchasing mortgage-backed derivatives. Without QE, interest rates would be much higher, and values on the banks’ balance sheets would be much lower.
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  Quantitative Easing has been underway since December 2008.  During these 54 months, the Federal Reserve has created several trillion new dollars with which the Fed has monetized the same amount of debt.
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  One result of this policy is that most real US interest rates are negative. Another result is that the supply of dollars has outstripped the world’s demand for dollars.
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  These two results are the reason that the Federal Reserve’s policy of printing money with which to purchase Treasury bonds and mortgage backed derivatives threatens the dollar’s exchange value and, thus, the dollar’s role as world reserve currency.
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  To be the world reserve currency means that the dollar can be used to pay any and every country’s oil bills and trade deficit. The dollar is the medium of international payment.
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  This is very helpful to the US and is the main source of US power.  Because the dollar is the reserve currency, the US can cover its import costs and pay for its cost of operation simply by creating its own paper money.
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  If the dollar were not the reserve currency, Washington would not be able to finance its wars or continue to run large trade and budget deficits.  Therefore, protecting the exchange value of the dollar is Washington’s prime concern if it is to remain a superpower.
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  The threats to the dollar are alternative monies–currencies that are not being created in enormous quantities, gold and silver, and Bitcoins, a digital currency.
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  The Bitcoin threat was eliminated on May 17 when the Gestapo Department of Homeland Security seized Bitcoin’s accounts. The excuse was that Bitcoin had failed to register in keeping with the US Treasury’s anti-money laundering requirements.
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  Washington has stifled the threat from other currencies by convincing other large currencies to out-print the dollar.  Japan has complied, and the European Central Bank, though somewhat constrained by Germany, has entered the printing mode in order to bail out the private banks endangered by the “sovereign debt crisis.”
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  That leaves gold and silver. The enormous increase in the prices of gold and silver over the last decade convinced Washington that there are a number of miscreants who do not trust the dollar and whose numbers must not be permitted to increase.
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Andrew Maguire: This Key Level To Trigger Huge Central Bank Buying!

• Maguire – This Key Level To Trigger Huge Central Bank Buying! 
  by www.kingworldnews.com
  Whistleblower Andrew Maguire alerted King World News to a key level in the price of gold that will trigger massive central bank buying.  Maguire, who recently appeared in the extraordinary CBC production titled, “The Secret World of Gold,” also discussed a large sovereign order that was filled on Friday’s decline and whether or not gold has seen a bottom.  Here is what Maguire had to say in part three of his extraordinary written interview series.
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  Maguire:  “We had a large sovereign order in the market at $1,380 (area).  That was definitely filled today (Friday).  What we have today is an even more stretched managed money position holding the bag. This physical tonnage that is disappearing will have an effect on the paper market, and I think it’s going to have an effect fairly soon….
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Lindsey Williams: Planned Global Collapse in 12-18 Months? 15 May 2013

Click on image for article!

“Can a microscopic tag be implanted in a person’s body to track his every movement? There’s actual discussion about that. You will rule on that — mark my words — before your tenure is over. Can brain scans be used to determine whether a person’s inclined toward criminality or violent behaviour? You will rule on that.” – Senator Joe Biden(33rd degree Freemason?), 12 September 2005 John Roberts Chief Justice Confirmation Hearing

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GEAB N°75: Systemic Crisis 2013 – with Record Stock Exchange Highs, the Planet’s Imminent Plunge into Recession!

Global Leading Indicator (GLI), growth and acceleration. Source : Goldman Sachs.

• GEAB N°75 is available! Systemic crisis 2013: with record stock exchange highs, the planet’s imminent plunge into recession! 
  by http://www.leap2020.eu/
  Despite a feeling of relative calm given by both the media and the American and Japanese financial markets going from record to record, the world economy is slowing down badly and a widespread recession is looming. The various players are fully aware of it and, in the face of the challenges of an imminent collapse, countries or regions are putting various strategies in place to try and limit the consequences. Whilst some seem dictated by desperation or last chance solutions, others on the contrary bear witness to a real adaptation to the world’s current changes. And it’s no surprise that, in the first category, we find the “powers of the world before” which no longer have any real options.
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  Layout of the full article :
  1. World recession in sight
  2. The banks’ doubtful business
  3. Tax haven all hell
  4. Neo-protectionism between regional blocs
  5. Emerging nations’ strategy in gold
  6. The Fed’s last bullets
  7. Euroland : national unity governments and the ECB to the rescue
  8. High risk strategies
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  This public announcement contains chapters 1, 2 and 5.
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  World recession in sight
  In fact several signals show that a reversal in the economic situation is imminent. Indeed the term “reversal” isn’t very fitting since the real economy has never really recovered from the 2008 shock: it is, therefore, rather a worsening which we will see.
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  There is no shortage of indices for that. Europe is already in recession. Exports from China, often considered “the workshop of the world”, are falling heavily (see chart below) and the benchmark signals are contracting or slowing down dangerously (1) with, additionally, a major credit bubble (2).
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  Australia, which gives a good indication of the world economy’s health due to its exposure to raw materials, is struggling (3). Consumers are also marking time. US wholesale (4) and retail sales are on the decline.
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  The majority of US benchmark indices are swinging into the red, for example the Chicago PMI index (5), as well as the Goldman Sachs global index (see chart below).
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  In short, a world recession is on the horizon (6). To protect themselves from its impact, the different players, beginning with the banks, use different strategies which we will now analyse.
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  The bank’s doubtful business
  It goes without saying that the financial sector is hardly a model of transparency. But with JP Morgan or Bank of America which “miraculously” succeeded in not having a single day of first quarter trading losses (7), or further, JP Morgan’s gold reserves which have mysteriously emptied (8) whereas by a strange coincidence we saw a crash in the gold price in mid-April, without even mentioning the variety of manipulations effected by the top-tier banks, first and foremost JP Morgan (9) and others as well (10); these shady operations going increasingly unnoticed.
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  Nevertheless, all the banks know that a new storm is on the horizon and are using all the means at their disposal (more or less legal) to shelter themselves, and anything goes, including between the banks themselves. It’s in this light that it’s necessary to look at the various banks’ amazing first quarter balance sheets making it possible to draw in investors, or at least to defer the debacle, or the mid-April crash in the gold price clearly caused by one or more of these financial institutions.
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  These rough battles in the middle of a full economic upheaval will leave their mark and the weakest or most affected banks will not come through the storm undamaged, especially as the financial centres are now facing a new adversary, countries themselves.
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Retail sales in the US, 2005-2013. Source: Bloomberg.

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The Coming Collapse, Massive Global Debt & The Bernanke FedRes!

• Coming Collapse, Massive Global Debt & The Bernanke Fed! 
  by www.kingworldnews.com
  Today Egon von Greyerz wrote the following tremendous piece with accompanying charts.  King World News is extremely pleased to share this exclusive piece with our global readers.  Below is what Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say in his outstanding piece. 
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  May 17 (King World News) – As precious metals investors worldwide are concerned about the correction in gold and silver let me tell you that you must not be.  The incredible concoction of debt, derivatives (that will never be repaid with normal money) and accelerating fiscal deficits in most countries will guarantee money printing in unlimited quantities….
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  “And Bernanke (and his successor) and fellow central bank heads will not disappoint.  The only important criterion in the job description of a central bank chief is that he/she is willing and able to print whatever is necessary and in the next few years that will most likely involve printing 100s of trillions of Dollars, Euros and Yen.
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