North Korea has reportedly imposed martial law Wednesday, with leader Kim Jong-un reportedly informing his military to be ready for war.  Several reports claim that Jong-un has issued an order to complete preparations for a nuclear weapons test.

shell-game1Submitted by AboutAG:

Why Was 18.3Moz of Silver Deposited into the SLV Jan 16th?

The obvious answer is “JPM opened a new warehouse!”.
However, that does not answer the question, as only 10 Moz went into their new warehouse.

The experts seem to agree that one of the most plausible explanations is that JPM closed out their short position in SLV.
One or more people have 17,016,600 shares of SLV short (about 16,458,115oz) at last count (which could be a couple weeks old). It is believed that JPM is likely responsible for much or all of that short position. The unexplained addition of 17,410,210.4oz to SLV (remember, 967,881.6oz are considered a ‘normal deposit’) would cover the entire short position and then some. Or if another 967,881.6oz (1M shares) were a normal deposit, that would leave 16,442,329.4oz unaccounted for, almost exactly matching the short position.

It appears that JPM has found a way to bypass the COMEX re-entry process, making the transfer of bars from SLV to COMEX and vice-versa extremely simple.

imagesIn this episode of the Keiser Report, Max Keiser and Stacy Herbert for their 400th episode discuss Obeelzebub and Jamie Demon as the inevitable outcome of collateral faking, zombie banking and paper printing. They also discuss Russia’s central bank buying gold while David Cameron is telling porkies about UK national debt. In the second half of the show, Max Keiser talks to Ian Williams of Charteris Treasury about silver suppression and the bond-pocalypse.

Gold and silver have been hammered throughout COMEX trading today, with waterfall declines erasing the gains made yesterday on the large pops ahead of the FOMC statement on the GDP disappointment.
Silver is down over $1 from yesterday’s highs to $31.04, and gold is down $20 to $1656.

sinclairLegendary gold trader Jim Sinclair has sent an email alert to subscribers urging PM investors to stay the course, and to prepare to defend themselves against the bullion bank cartel. 
Sinclair states that gold and silver investors can beat the devil by gold and silver non violent resistanceSinclair states that simply not selling, and refusing to capitulate in the face of continued gold and silver manipulation will be enough to beat the devil known as the bullion banking cartel. 
The most experienced gold trader among the PM community urges readers to defend themselves by refusing to trade in the paper futures markets, and by not doing anything- just be right, and sit tight.

Sinclair’s full alert is below:

CNBC financial journalist Maria Baritromo interviewed Marc Faber, a contrarian Swiss investor and publisher of the Gloom Boom and Doom Report.

“You said a minute ago that markets go up and down, doesn’t gold go up and down too?” said Baritromo.  “Yes it does go up and down but I am fearful of a systemic crisis, wars and so on and it is because I am fearful that I own gold,” said Faber.

Faber then asked Baritromo if she owned any gold.  Her response was that I own earrings and jewellery. Faber relied, “Sorry to say you are in great danger because you don’t own any gold…but you have a golden personality!”

guns4cashLiberals attempted the first gun buy-back in Seattle in 20 years last weekend.  Unfortunately for the gun-control advocates and 2nd amendment haters, hilarity ensued as the gun buy-back quickly developed into a full-fledge gun show, as gun enthusiasts and collectors swarmed the buy-back line with offers to buy the guns for cash.  To the astonishment of the Seattle PD, a large portion of those turning in their guns decided they would rather receive cold hard cash for their weapons than receive token gift cards from the Seattle Police Department to turn in their guns.  Ooops. 

Schuyler Taylor, a previous gun retailer attending the event in hopes of buying weapons, asked Why not offer them cash versus a gift card? I’m still taking the guns off the streets; they’re just going in my safe.

SLIDE_GOLD_DEFAULTHint: Because it’s the Credit Default Swap of the Next Financial Crisis

Submitted by Gonzalo Lira

Credit default swaps were the insurance—the hedge—against exactly what happened in 2008: Bonds threatened to default, during the Global Financial Crisis. So the CDS’s insuring those bonds rose in valueuntil suddenly, they didn’t: CDS’s stopped rising in value just when the markets collectively realized that the counter-parties to those CDS contracts might not be able to pay up.

What if the price of gold is drifting not because the markets don’t trust the world’s reserve currencies to continue to devalue, but because the market doesn’t trust gold?

Since everyone with any sense realizes that this is the endgame of the current race to the bottom, gold ought to be rising dramatically, but that is not happening. Gold rose steady and strong from 2000 through September 2011—but since then it’s been drifting jaggedly.
So why would gold—which is an actual, physical commodity—be acting like credit default swaps did right before the 2008 crisis?
For the same reason: Gold buyers don’t trust the counter-parties selling gold.

*Fed hints at more QE as economic recovery paused due to Hurricane Sandy
*QE to continue as long as unemployment remains above 6.5%
*Federal funds rate will remain at zero-.25% as long as unemployment remains above 6.5%
*The Committee will closely monitor incoming information on economic and financial developments in coming months. If the outlook for the labor market does not improve substantially, the Committee will continue its purchases of Treasury and agency mortgage-backed securities, and employ its other policy tools as appropriate

Full January FOMC Statement is below: