The Doc sat down with Harvey Organ Wednesday for the first of several interviews regarding the recent massive cartel intervention in the gold and silver markets post the QE4 announcement, the fiscal cliff, the CFTC’s silver probe, and the unprecedented 20 million oz of silver still standing for December delivery.

Harvey stated that the end game is being played out, and that an Asian group has decided to take on the cartel and drain the physical silver from the COMEX.   He states that the bullion banking cartel’s suppression of the gold and silver markets is the ultimate treason against Americans, as  350 years of US wealth is being drained East due to the price suppression of gold and silver.

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The Doc asked Harvey his thoughts on the extraordinary developments in the December delivery month for silver, which has seen the amount of longs standing for delivery actually increase as the month progressed:

That has never happened before! I’ve been watching this- on an active month, usually what happens is the deliveries are the highest in the first 3-4 days in the month, then they go down a bit as there’s usually a few cash settlements.

What happened in December, on December 6th you saw the low point of 12.6 million ounces. All of a sudden it turned around and you saw 13, 14, and now 19.5 million ounces of silver standing for delivery. What really bothers me (and I have been unsuccessfully trying to get an answer from the CFTC) is that every single deposit, withdrawal, and adjustment in the CNT vault is done at three decimals at .000.
The COMEX is a physical market! It’s strictly physical! You should see oddball numbers! I could understand one or two bars adding up to .000, but when I start seeing everything, I start getting suspicious! I have a strange feeling that they’re settling in paper. The owners don’t know it, they think they’re getting the real thing.
What’s actually happened is that there has been a large increase in the number of investors wishing to get their silver out of a registered COMEX vault. They’re asking for silver, but they’re asking that it’s not stored in a COMEX vault, specifically HSBC or JP Morgan. That’s what I’m seeing in silver.

The other thing you should be very mindful of, the open interest on gold has declined, it’s kind of low, and it kind of tells you that many players no longer want to play the rigged game. But it’s not so in silver! OI has remained relatively high at 140,000 or higher constantly the past 2-3 months regardless of price! Certain people have decided to take these guys on, they know exactly what they can take out of the COMEX, and that is exactly what’s going on at the silver front.

 

The Doc asked Harvey about the US Mint’s 3 week suspension of Silver Eagle sales and whether it indicates a shortage of silver at the mint:

That is a real indication of shortage.  If you’ve had a look at the Canadian Maples sales totals.  They started in 1985 with 200,000 ounces, and this year they sold 20 million ounces in Canada? My goodness!  This means a lot of the Canadian silver is being exported out.  The Mint’s making money.  So the demand is there, obviously the US Mint just doesn’t have the silver to make them.  You can just see it in the demand!  The US produces about 40 million ounces of silver.  This means that in order for the US to meet demand in all forms they need to acquire silver from Mexico, etc, and then you have the jewelry demand, the medical and pharmaceutical demand, the solar demand.  Only 100 million ounces of the total silver supply goes for investment.  900 million ounces goes towards industrial/ medical demand.  There are new uses for silver every day!

What these banks have done is they are eliminating the supply of silver.  I really think that the ultimate treason is that our gold and silver are leaving our shores and heading East.  Eventually we won’t have it- just like rare earths- we won’t have any!  That’s simply treason!
Check back tomorrow for part 2 of The Doc’s interview with Harvey Organ, in which Harvey discusses the reason the CFTC has not and cannot release the findings of their 4-year silver probe, Harvey’s view that the manipulation is in the end game and will collapse in 2013, and how the daily CME reports inadvertently reveal a massive shortage of physical silver among the bullion banks.

  1. I’ve been hearing about the end of the silver manipulation for over two years, now. Before putting an arbitrary end date on the CRIMEX, remember, they are more resilient than you can imagine and they have the power of the FED behind them. Remember, “The markets can remain irrational longer than you can remain solvent.” 

    This is why stackers have the edge and paper players will get wiped out… 

    • You make great points. I am no longer looking at timelines or upside price targets I am simply buying the dips and continuing to pile up physical. A buddy of mine got pretty much wiped out trying to play the leveraged ETF game. He bought on margin and got absolutely hammered during one of the cartel’s raids. He was forced to sell some physical silver to cover the paper losses that he endured. Now he no longer buys physical because he is convinced that the game is rigged and we cannot win. 

  2. I have said it before on SD’s & I will make the prediction again for the new folks

    At some point down the road there will be a forgien price for gold & silver ( the real price) & a US price for gold & silver ( a lower manipulated price ) & you will NOT be able to move your lower priced PM’s out of the country

    just my .02 & worth every penny

  3. it’s not over until it’s over. outside forces are challenging the system, but the fraud is deep and wide and heavy controls are in place.  it won’t go down until they’re good and ready. predictions are worthless. the run up of silver will not be an isolated phenomenon.  other financial events will unwind at the same time. 

  4. “He states that the bullion banking cartel’s suppression of the gold and silver markets is the ultimate treason against Americans, as  350 years of US wealth is being drained East due to the price suppression of gold and silver” – Very true. It is a pity that chances are good that the masses will only realise it when the fiat currencies become completely worthless and all hell breaks lose, when the culprits are safe and sound in their underground shelters eating caviar and what have you.

    • The TPTB are making the calculated gamble that they will be able to institute a digital fiat currency to replace the dollar. They still think that PMs can be sufficiently marginalized.  That is a huge bet! It just shows you how absolute power corrupts absolutely and leads to a failure of perspective.  Too bad they will have drained the wealth of this country through their delusional actions.  These people will be remembered and vilified as the most treasonous criminals of all time.

  5. Its starting to unravel.  I do see a US silver and EUR silver price in our future.  It only makes sense that we here try to outmuscle the “other side”.  The CRIMEX will be outdistanced by the Asian commodity market.

  6. saddle  I’m not sure if they have colloidal at Costco retail. I saw it on line while shopping for a snow blower.   I’m going to Costco tomorrow in Carson to do some shopping so I’ll check it out.  I make my own too. It’s alot less expensive and made when and if needed.  It’s shelf life is an issue either as home made or store bought so my inclination is to make my own as needed.  I’ll see if it’s in stock at the store.  For people who want a quick bit of colloidal it might be a good purchase.

  7. “He states that the bullion banking cartel’s suppression of the gold and silver markets is the ultimate treason against Americans, as  350 years of US wealth is being drained East due to the price suppression of gold and silver”. Well at least they are paying for the Au and Ag. If memory serves me correctly a lot of that gold was stolen from the east and shipped to Europe 350 + or – a few years ago.  Just a thought. It might be a good idea for organ to to bone up on eastern history, not just American modern history

    • Stolen? Nah they wanted silver, we wanted gold and tea, so we forced opium on them from India. We lost so much silver from Europe, the coins had to be re-minted and paper currency backed on gold was introduced, the start of the gold standard.

  8. Aim thikning the time not right for the gov to let the price rise super high. The tax rate isnt high enough for gov maximum dollar value. It better from them to wait when pms are running high $3500 $800 to get there best bang for the buck. With a tax of this for pms? 65%.  But to if the price of silver gets this high $800 ounce. You will see all the coins be retrived by the gov. since= there face value with only there very small amount of silver be worth alot more then there small original content. When the dollar actually tanks starts to decline in a big way dollar index into the 50s the pm will move up fast you wont even be able to buy at almost any price. an so sellers to when you sell your pms to get worthless paper for it. The trust of the people will be totally gone. The only good thing is you dont have to pay taxes an mortgage on your house since the gov an banks be bankrupt. And  another thing to when the gov goes bankrupt all the gold in fort knox an the gov holding banks who gets it an where does it go now?

  9. Once supplies of phyz dry up I don’t think manipulation will be able to keep prices down. Markets are to world wide and intermixed for that now. While we may think of the COMEX as being a US market it has players all over the world and I don’t think they will sit still for some digital fiat if they want delivery.

  10. Mammoth, Dang makes some points I never thought of.  Thinking outside the box, bottle or bong, I know that sometimes I come up some ideas that I never retrieve without a little of the adult pharma or single malt.
    Imagine a conspiracy. 
    The government knows that we stackers are hoarding 2-3 billion ounces of silver.  That might be low but not an unreasonable guess.  Silver is so important to the world economy due to its industrial value that, like China with its 90% plus control of rare earths, silver might be seen as a threat if it’s held by the average Joe.
    So they allow the price to rise, telling the shorts to knock off their activities.  It flushes out the weak hands who’ll sell at $50 an ounce.  Of course, most people will be willing to have a 1099 form issued on the sale.  The honest tax payers will cough up the 35% capital gains on the state and Federal level.  To them something is better than nothing.
    Silver’s strategic value could make a windfall tax easy to pass.  Those who hold silver would either sell it and take the tax hit or hold it, maybe even in a manner that might be deemed illegal, much like the $20 price for gold forced on the people by FDR’s EO.
    If the $50 price isn’t enough, then TPTB allow silver to rise to $100 an ounce.  The manipulation of prices upwards is as easy as downwards.  The government makes laws that compel the sale and the windfall profit tax of 50%. Hoarders get amnesty if they sell within a certain time window.
    Sell your silver, pay the tax, or else.  This is the way an out of control government operates.
    The government gets a 3 way advantage.

    They strip the  citizens of silver—like the gold of 1933, using it for nefarious purposes.
    They receive windfall tax payments
    They move hoarded silver from the hands of the citizen thus removing one vital platform of Real Money

    The last part is the most diabolical since FIAT has no basis or support for its value.  Only gold and silver.  Both mission critical but silver is far more valuable for its commercial uses. Silver’s value intimidates governments who fear its power in the hands of the common people.
    Maybe I’m overthinking this but my radar is tune to one channel  “Don’t trust governments”  I do see conspiracies where I never saw them before.

  11. The parasites are in the last phases of setting up their long-standing project on the next host, Asia. The recent iteration involved BushDaddy as de facto ambassador to China,  somewhere in there was the Clintons, Rockefeller laying more groundwork, Kissinger with yet more as “financial advisor.” That’s just what I can remember off the top of my head. The leeches orchestrating the planetary blood-letting are behind this, not just some small rogue faction.
     

  12. when all this falls when the world according to wall street falls what happens to the banksters the fed and all the other corrupt players … i believe the bastards will still be in charge … they will still be ripping us off and they will set up a new system to enslave us all

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