China gold

The pattern of central bank covering the debt is clear. The lesson is that central banks can apply paper patches to the failed banks, and buy more time, then repeat the process on the next failed bank event. No limit to their bank patches seems to be in force.   The banker cabal can continue endlessly since their patches are based on paper solutions, fiat paper money spew, and they control the paper output. They are the masters of the House of Paper.
The paper mache solutions can continue in a seemingly endless manner, but not in the Gold market.
The intervention and suppression in the Gold market is finite.   It requires Gold bullion, the physical ingot bars, in order to execute the perpetuated interference and alteration to this financial niche market.
The manipulation is finite, and it is coming to an end.
When the Shanghai shock comes, all the Paper Gold structures will fall, all the FOREX derivatives will collapse, all the control rooms will go into panic mode.

silver mine

The first primary silver miner in the industry just announced that it suspended sales of silver during the 3rd quarter due to the low market price of silver.  First Majestic suspended sales of 35% of its Q3 silver production.
While this is only a small part of the primary silver mining industry’s overall production, at least First Majestic is trying to set a precedent by standing up to the manipulated low price of silver.   If other companies joined the band-wagon and held back sales of their silver production, this could send a clear message to the Bullion Banks… that FUTURE PHYSICAL SUPPLY shouldn’t be taken for granted.

gold silver ratio

Not everybody is aware that there is a big debate among precious metal investors regarding the importance of silver to protect from the dollar’s demise. We have a similar debate that is better known when it comes to precious metals versus Bitcoin and other virtual currencies.
Many precious metal investors disregard Bitcoin as a proper mean to store wealth and protect from currency crises while at the same time many in the Bitcoin community are not interested in investing in precious metals.
Indeed, I’ve asked that question of who was invested in gold and silver at a recent Bitcoin event and I was somewhat surprised at how few hands raised up.
But this debate among precious metal investors is not known by many and I’d like to bring it up here and at the same time tell you why I personally favor silver over gold, although I think both should be owned in this current environment of dying paper.
Precious metal investors might be grouped in 3 camps:

explosion

In the MUST LISTEN interview with Future Money Trends below, First Majestic Silver CEO Keith Neumeyer issues a call to fellow silver mining companies to HALT physical silver sales, and band together to form an OPEC-like cartel to combat the criminal banking cabal manipulating the precious metals markets!
We all know the paper market has NO representation to the physical market.” – Keith Neumeyer, CEO, First Majestic Silver Corp.
Full MUST LISTEN interview is below: 

Pisani gold gld

Another 2 tonnes of gold was removed from the GLD trust yesterday.  The last time the reported amount of gold in GLD was this low was November 18, 2008.   The price of gold was $738.
Despite the fact that the price of gold is up about 2% YTD, 6% of GLD’s reported amount of gold has been removed by the bullion banks.
I predicted in 2009 in a report I wrote about GLD’s legal structure that GLD would eventually suffer the same fate as Enron.   In fact, our entire is system is one giant Enron/Madoff Ponzi scheme.

To compound the removal of the “visible” physical stock of gold from our western system, nearly 10 tonnes of gold was removed from JP Morgan’s Comex gold vault:

EmptyVault

As the increasingly volatile stock markets bounced back higher today,  JP Morgan experienced one of the largest withdrawals of gold from its inventories this year.  In just one day, a stunning 321,500 oz of gold (10 metric tons) were removed from JP Morgan’s Eligible inventories:

The-Pilgrims-Image-1

GOLD HAS NO USEFUL PURPOSE TO SERVE IN THE POCKETS OF THE PEOPLE—Pilgrims Society member Alan Sproul, president of Federal Reserve Bank of New York, addressing the anti-precious metals American Bankers association meeting in San Francisco.

crash collapse

The Fed will continue to be the buyer of last resort until the population and culture wake up to “bank holidays, runs and/or “bail ins”.
Grandma Yellen won’t let you starve.
It seems the next downturn in equities, housing, and bonds is meant to bring the masses under the big circus tent of control once and for all.
Fire breaks out in a crowded theater, once heralded as the safest place to be.
But all the exits are closing, except for one.  And then it closes too.

Everyone burns.

HarveyOrgan1

Today, we had a huge withdrawal in inventory at the GLD. of 2.1 tonnes.
On the 22nd the LBMA stated that they will no longer publish GOFO rates.

It looks to me like these rates are now fully manipulated.