Caption Contest 1Japan announced announced last week that its TOCOM commodity exchange would begin trading physical gold – like the Shanghai Gold Exchange – on July 25th.
The news of this event was largely muted in the western financial media and even the alternative media blogosphere largely seems to have overlooked the news release. But this is a highly significant development because it signals a subtle shift in Japan’s economic and monetary focus from west to east.  
It will also create an big upward price-readjustment in gold and silver…

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Submitted by PM Fund Manager Dave Kranzler, IRD:

On a side-note, it’s important to know that late July/early August is seasonally the most quiet part of the year for the biggest eastern hemisphere gold accumulators. And we’re going into the “roll” period, when the bulk of the massive blob of August paper gold “rolls” into December, the next “front month” for Comex Paper gold. Having said that, China has actually slightly increased its gold imports this month. India has been in hibernation since March 1 but it’s biggest seasonal buying period starts in about four weeks. Unless smuggled gold into India is significantly greater in volume than anyone understands, India’s demand will be somewhat price inelastic and its elephantine appetite for gold will have a big impact on the price of gold.

This leads us to Japan. Curiously, Japan announced announced last week that its TOCOMUntitledcommodity exchange (Japan’s less corrupted CME-equivalent) would begin trading physical gold – like the Shanghai Gold Exchange – on July 25thTOCOM Physical Gold.  It also announced that it would be introducing a delivery-at-settlement option for its current-month gold futures contract. That is, TOCOM gold futures buyers will now have the ability to take delivery of physical gold via TOCOM’s paper gold.

The news of this event was largely muted in the western financial media and even the alternative media blogosphere largely seems to have overlooked the news release. But this is a highly significant development because it signals a subtle shift in Japan’s economic and monetary focus from west to east.  It will also create an big upward price-readjustment in gold and silver.

The significance of Japan’s TOCOM exchange shifting from all fiat paper contracts to a physical gold trading and settlement operation is reinforced by the fact that two days ahead of the announcement it was reported that Tanaka Kikinzoku Group – Japan’s leading precious metals trader, refiner and manufacturer – acquired Swiss-based Metalor Group, one of the world’s largest refiners and supplier of precious metals-related products – Tanaka Buys Metalor.   Furthermore, in March 2015, Japan’s Asahi Holdings – a collector and refiner of precious metals – closed its acquisition of Johnson Matthey’s gold and silver refining business.  JM is one of the leading producers of refined precious metals products, including LBMA-quality 400 oz gold bars.

Now that Asia and Russia are no longer funding the U.S. Treasury debt printing press, the Fed will be forced to begin hyperinflating the money supply to keep the Government funded.  This fact is underscored by the Cleveland Fed President’s – Loretta Mester, a voting member of the FOMC –  recent comment about “helicopter money.”

While the Japanese continue to endorse the U.S. Government’s  use of the yen as a de facto printing press which enables the Fed to manipulate the U.S. stock market and to fund U.S. Treasury’s unrestricted  issuance of debt, they see the proverbial writing on the wall for the western monetary and financial system.  Japan has been quietly pivoting economically toward China for a couple years.

This abrupt transition into the physical precious metals market signals Japan’s move to integrate its financial markets and economic system into the developing eastern bloc monetary system, which appears as if it might eventually be seeded in gold.  It likely signals the end-game for the United States.

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  1. Please forgive me if I sound a little cynical. Yea, right. I look for gold to end next week at $1,270 or lower. Too much open interest to cover at this price and very few standing for delivery. So why not print up a few more thousand naked contracts?

    • @USSilverBug

      Yes you are cynical…

      Heck why not print to infinity?

      I forgive you though because it is probably a symptom of too much cartel abuse..

      I strongly disagree with your Au $54 dollar drop from here to $1,270 end of next week prediction.

      The expiration on the Comex is on Tuesday the 26th, but on the next day on Wednesday the 27th the FOMC will be revealing their decision on interest rates.

      We shall see…

    • Do you worship the cartel scum? They are naked short selling incredible amounts of their “paper gold” in an attempt to slow the ascent of Au. They are not a bunch of gods. It is impossible to predict short term movement in a manipulated market. The cartel scum have defeated you. “True excellence in warfare lies in getting your enemy to surrender before going to battle”. The cartel scum will not be able to rig Au down to 1270. Don’t let those scumbags defeat you pychologically.

    • human beings are still mostly a very ignorant species. we are incapable of looking into the future (any more than the immediate future) and making decisions based on them.

      a good analogy is smoking: many smokers believe it does not harm them because they do not roll over immediately with any serious ailments. or they just don’t take the risk seriously. then one day when something does happen most of them regret it but it’s too late. some get lucky and die of other causes first.

      all this talk about where PMs are heading is identical. it takes time, and long term we know where they are heading. ditto for paper currencies and most assets (over)valued in them. so first, why worry about short term direction if you are not a day trader? second, use the opportunity to pick up some more at a lower fiat conversion price. third, don’t let fear and scaremongering take control, as that is exactly what the manipulators want to get you to offload your PMs and  stay in the rigged game.

      i’ve started to think differently about all this pending economic disaster coming our way. perhaps this is a good thing. ??? call it natural selection. although i still believe it is a massive organised crime of fraud, theft and murder, and i believe there is a much better way to achieve same, at least it will have the effect of culling the less intelligent and aware within the populations. long term, it will be a step in the right direction for humanity. but it will be ugly.

  2. “While the Japanese…………..U.S. Treasury’s unrestricted  issuance of debt, they see the proverbial writing on the wall for the western monetary and financial system”

    Hey! Somebody wanna call Jack Lew and let’em know we’re low on printer ink………..AGAIN! Sheeeeesh.

     

     

     

  3. I think I’m turning Japanese in so, song by the English band  the Vapors early 1980’s.

    Asian allies for West now turning East, the gig is up.

     “Buy Silver big” before it gets out of reach for the average stacker. The proverbial phrase ” the end is near” is not that far off, unfortunately.

    I enjoy sitting on the front porch grilling bar-b-que and having a Shiner beer or a shot of whiskey. That is why the simpler things in life our worth living for,  you all know what I mean.

    Stacking the shiny till the cows come home.

     

  4. Seeing gold is the money of the elites … and debt backed fiat currency that of us peasants

     …. it makes sense that gold will be very instrumental in this NWO being rolled out presently, understanding the Ponzi is reaching its cycle end once again …

     

    It is impossible to tell how much gold these families own all together, but I would imagine it is far greater than what is surmised,  seeing they have obtained it by deception, but make no mistake when the current system fails they are in position to reopen their banks,  albeit in the East in support of  the new  silk road of which their ancestors established and grew extremely wealthy from the  first time around etc

     

    For those of you who think that these elites who rule over this world are losing control of the system you ae very much mistaken … they having fleece the West are simply packing up there money changing tables and moving them back East …

  5. Yes the money changer tribe is moving from the west back to the east, once they have drained out every last dollar out of the western temples. Maybe Fort Knox as well, we will find out once it is audited.

    That is why one must keep stacking the shiny to protect your family during these interesting times.

    The Venezuela people who have pms are eating everyday, while others travel to Columbia to gather there food. The 1% ers have most likel flown to South Florida with there stack of silver and gold. When you have pms, many countries have an open door policy for entry.

    Stacking the shiny in Texas

  6. Let me guess on Wednesday the 27 smelly yelling will keep interest rates unchanged and I bet all the gold that is not in Fort Knox!!!!

    Obummy is going to do his best to see that the finical markets are stable or rise until Killery is elected as the next brain dead in chief!!!!

    I have no honor left for the Japan government creating money with no backing whatsoever and in creating a exchange to trade metal’s is beyond degenerate!!

    Does the elite west want to go east????   Is that the real end game?????

    I’m going to play chess and figure out my end game!!!!!

    If obummy fails the elites plan the elite can always call on Caitlyn for the best advise because he/she/it is well on the way to oblivion!!!!!

    Enjoy!!!!

  7. It’s funny- Precious metals notes ““While the Japanese…………..U.S. Treasury’s unrestricted  issuance of debt, they see the proverbial writing on the wall for the western monetary and financial system”- what does he think Japan has been doing- on steroids! They have been rather shamelessly monetizing their debt, and yet the MSM gazes in admiration at a yen paradoxically rising in value vs. the dollar- yes, because they have gone increasingly negative on their bonds, which means that the first baka who accepted a negative rate on his bond has seen a nominal price increase in it (please don’t tell him he gets paid off in yen.) I’d just like to see what compensation the Swiss refiner accepted. It appears that not all the Mama-san  are willing to undergo slow extermination by NIRP- they realize they are not paying anyone interest by holding gold, and rather than give all the business to China, a Japanese entrepreneur has stepped forward. He certainly does not work for the government.

     

  8. Gold is indeed moving towards the global monetary system. Many pension and insurance companies besides CB’s have purchased physical metals. From $250-$1900 should of woke up many, but still it seems the manipulators has everyone’s eyes and ears. These things take time. Many needed to position themselves first before the music stops. So it was to their advantage to keep the paper scam going. History will once again prevail. No Govt or its currency has ever survived the centuries. Not one.

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