Chris PowellIn this MUST WATCH interview, Alasdair Macleod talks with Chris Powell from GATA. Fascinating from the get go, Chris details how he became involved in the founding of GATA all those years ago back in 1999.  Well known in the gold circles, Chris has tirelessly fought against the collusion to control the price and supply of gold and is widely admired for his erudition in this matter and the time he dedicates to GATA, a non profit organisation, which pursues justice and free financial markets.
Alasdair enquires as why the evidence of this collusion that GATA has obtained over the years never seems to be mentioned or investigated by mainstream financial writers who still remain somewhat reticent to the GATA case.
Chris elaborates on the treatment of the media, the last few years’ relationship with the US regulators, whom have heard the arguments of GATA, before moving onto the recent downward price moves.
GATA’s Chris Powell’s full interview with Alasdair Macleod is below:

Bernanke-Dimon-Fed-TunnelI realized after assessing some comments posted on my Tuesday article about the fraud going on at the Comex that I did not articulate a key point about the credibility of bank financial reporting.  It seems that there is still a contingency of people who are willing to believe that if a bank issues an accounting report, it must be valid.
Let me preface this clarification post by saying that given the long laundry list of charged and prosecuted high profile fraud cases against all of the big banks, I just assumed that everyone understood that banks can not be trusted at all.  Here’s my Golden Rule:  banks can not be trusted at all.  Fool me once, shame on you;  fool me twice, shame on me; fool me three times, I’m a moron.  Got it?
This clarification is to explain exactly why bank-produced paper reports at the Comex are more than likely riddled with fraud and it clarifies the difference between owning physical gold in your own possession vs. owning a paper claim on gold sitting somewhere else and a claim which can be hypothecated such that you actually lose legal entitlement to that underlying asset.
With that in mind let me clarify how the Comex warehouse gold and silver stock reports are produced.

Jamie DimonSGTReport has released a MUST LISTEN interview with Rob Kirby of Kirby Analytics about the false narratives coming from the U.S. government and fascist mockingbird media.   9/11 Bond fraud, the questionable COT report, the CFTC fraud and the endless gold and silver fraud by way of paper and leasing – Sean and Rob Kirby cover it all.

jim sinclairLegendary gold trader Jim Sinclair has sent subscribers a shocking warning regarding the inevitability of depositor bail-ins coming to North America.
Sinclair states that there is no longer a question of whether a bail-in will occur in the US & Canada, but it is a question of how big it will be. 
Sinclair advises subscribers that the simple answer to that question is that the size of the coming depositor bail-in will be the size of the entire OTC derivative losses.
Jim states that:  This is how our new billionaires and trilionaires will preserve their capital for ten generations to come because they have all the above ground physical gold, all of it, by hook or crook.
Are you preparing for this transaction or are you going to be an accident of the Great Leveling of 2015-2016?

Sinclair’s full alert on the massive depositor bail-in coming to North America in 2015-16 is below:

gold shortageReserve Bank of India’s Finance Minister P. Chidambaram advised Indian banks Thursday to cease gold coin sales to retail investors!
The move comes only a day after P. Chidambaram raised gold import duties 2% for the 2nd time this year.
With the Bank of India attempting to outlaw physical gold purchases for retail investors, only a day after we broke news that France has banned the shipment of gold and silver coins in the mail, it is clear that global capital controls against gold and silver are coming, ahead of the inevitable Western depositor bail-in.

ceasarInvestment banker Catherine Austin Fitts sums up the historic global financial problems by saying, “We have a group of people who have the power to act with impunity. They are above the law. They are centralizing and consolidating economic and political power. We have a political problem. We don’t have an economic problem.” Fitts’ analysis shows, “We’ve been on a debt model, and now we’ve got to get the planet on an equity model. . . .You are going to do everything you can do to get people into equities. Slamming precious metals down helps do that.” But Fitts says that won’t stop the gold bull because China and the rest of the world are buying the yellow metal. Fitts contends, “What that means is there is going to be a much more broad-based bull market in gold. . . I think it’s going to more of a sound money system, and gold is going to be a part of that.” Not everybody wants to be brought into the so-called new world order. Fitts predicts, “Remember, to come out with a one world currency, you need everybody. There can be no leakage. There can be no exceptions. The Russians are determined to be the stinker at the party is what I think.” Join Greg Hunter as he goes One-on-One with Catherine Austin Fitts.

There seems to be an interesting trend taking place in the silver warehouse stocks at the Shanghai Futures Exchange over the past two months.  From May of 2012, when the Exchange started trading silver futures, until the beginning of 2013, silver warehouse stocks grew from virtually nothing to nearly 1,000 metric tonnes.
In just seven weeks, 357 metric tonnes of silver have been removed from the exchange resulting in a 32% decline of warehouse stocks.   Now either industrial demand has picked up recently, or investors in China are taking advantage of the lower price of silver.
It does seem quite interesting that silver inventories are declining on the Shanghai Futures Exchange while COMEX levels have remained about the same (165 million oz) since the silver price take-down.

bankstersToday, the central banksters have put on the ski mask, toting the gun and come into the lobby telling everyone to get on the floor.  They are taking over this place and anyone who looks crossways at us will get killed.
We the long suffering depositors, are going to get pillaged when the time is right. You have been warned once again.  Get it or don’t but don’t snivel when you get scalped!
Get the hell of your bank!

A lot of things that have not happened since the last recession are starting to happen again.  As you read the list below, you will notice that the year “2009” comes up again and again.  There is a reason for that.  Many of the same patterns that we witnessed during the last major economic downturn are starting to repeat themselves.  In fact, many of the things that are happening right now have not happened in quite a few years.  For example, manufacturing activity in the U.S. has contracted for the first time in four years.  The inventory to sales ratio is the highest that it has been in four years.  Average hourly compensation just experienced the largest decline that we have seen in four years.  We also just witnessed the largest decline in the number of mortgage applications that we have seen in four yearsAfter everything that Barack Obama, the U.S. Congress and the Federal Reserve have tried to do, there has been no real economic recovery and now the U.S. economy is suddenly behaving as if it is 2009 all over again.  A whole host of recent surveys indicate that the American people are starting to feel a bit better about the economy, but the underlying economic numbers tell an entirely different story.  The following are 12 clear signals that the U.S. economy is about to really slow down…

TimeCoversThe action behind the scenes is often the polar opposite of what the mass media reports. Smart money has been executing their heaviest buying in physical gold and silver markets in about 5 years, and in some cases, in more than a decade.
If you desire the truth versus propaganda, you will be in a much better position to understand reality if you turn off your TV, put down the New York Times and the Wall Street Journal, and start relying on independent and alternative media sources instead. Otherwise, if one depends on mainstream news for their investment decisions, one will be apt to believe that they are “educating” themselves when in fact, the fascist banking/government machine is merely “reprogramming” them, after which, one will become so brain-dead that they will not even pay $25 for a 1-oz gold coin.
Between now and the next few weeks, despite continuing volatility, will likely be one of the absolute best times to buy gold/silver assets of the entire bull market due to the banker executed paper-gold raid this past April yielded a 7-sigma event, that according to Wikipedia, should happen only once every 1 billion years, thus again proving beyond a shadow of a doubt that the global bankers executed fraud of epic proportions during their latest raid.

India should monetise their huge gold stockpiles of over 20,000 metric tonnes according to the World Gold Council (WGC) as reported by Bloomberg this morning.
“In the long term gold could be monetized as a financial asset,” Aram Shishmanian, the CEO of the WGC said in India overnight.
The World Gold Council has approached the Reserve Bank of India (RBI) to work with it so that bullion could be used as a financial asset, rather than just a physical asset.
India’s reserve money supply rose 7% in the last 5 months alone. Reserve money outstanding in India rose by a whopping 1 trillion rupees to 15.4 trillion rupees in the year to May 31 according to a statement by the RBI.

Politicians and bankers in India are quick to blame gold for India’s current account deficit. Gold is just the monetary messenger and it is never wise to shoot the messenger.

As the western financial collapse nears, the banksters are furiously working to shut down every financial exit available to the public to preserve their wealth from bankster confiscation.
France has just taken capital controls to a new level, banning the shipment of physical gold, silver, and cash through the mail, effectively shutting down the precious metals trade in France!

*Update: According to a reader who has attempted to mail a piece of jewelry to France, gold & jewelry are included in the capital controls ban.

In an interview with Reuters Wednesday, the head of the US Mint stated that US demand for gold and silver bullion remains “unprecedented“, that the mint is buying up every single blank suppliers can produce, and that the mint is considering re-launching the Platinum Eagle program, which was halted in 2008.

CelenteGerald Celente from the Trends Research Institute joins Sean from the SGTReport for an in-depth discussion about Battlefield America. Gerald reminds us that in this endless ‘WAR on terror’ we’re not at “war” at all because the real terrorists are the U.S., NATO, the UK and the other “allies” who attack sovereign nations time and time again. Celente covers everything from Benghazi to Boston, so this two-part interview is one not to be missed.

John Browne, Senior Economist at Euro Pacific Capital says, “Commotion in the Middle East, which involves outside major powers, would be very bad for world security and, of course, have a major impact on oil and, therefore, on gold. Gold is insurance against catastrophe, and a major blow up in the Middle East would tend towards catastrophe because nuclear powers are involved.” Join Greg Hunter as he goes One-on-One with economist John Browne, former advisor to UK Prime Minister Margaret Thatcher and author of “Hidden Account of the Romanovs”.

What in the world is China up to?  Why are the Chinese hoarding so much gold?  Does China plan to back the yuan with gold and turn it into a global reserve currency?  Could it be possible that China actually intends for the yuan to eventually replace the U.S. dollar as the primary reserve currency of the planet?  Most people in the western world assume that China just wants a “seat at the table” and is content to let the United States run the show.  But that isn’t the case at all.  The truth is that China doesn’t just want to compete with the United States.  Rather, China actually plans to replace the United States as the dominant economic power on the planet.  In fact, China already accounts for more global trade than the United States does.  So what would happen one day if China announced that it was backing the yuan with gold and that it would no longer be using the U.S. dollar in international trade?  It would cause a financial shift so cataclysmic that it is hard to even imagine.

It won’t happen next week or next month, but eventually we could see China back the yuan with gold.
When that happens, it is going to be a complete and utter financial disaster for the United States.

falling-bearAll golden eyes should be focused on this Friday’s jobs report. Almost all the recent economic reports have been weak. The Japanese experiment with high-powered QE has been a total disaster. Their stock market has collapsed, because so many Japanese companies do not benefit from a lower Yen. The collapse in the Japanese bond market has cut off their funding.
Instead of an economic boom, Japanese QE may create cost push inflation that spreads around the world. Is the Japanese stock market crash a precursor to a US market wipeout, and a gold stocks “super rally”?

The Shanghai Futures Exchange has cut its gold and silver margin requirements. The bourse will cut margin requirements for gold and silver futures to 4% from 7%, according to amended trading rules posted on its website. Trading limits for silver and steel rebar futures will be lowered to 3% from 5%, the exchange says. The amendment will go effect on June 25.

The recent 22% decline in gold prices may lead to a substantial drop in gold production. During the 26% plunge in gold prices in 2007-08, gold production fell by 9.4%. Balance sheets in much of the gold mining sector are much worse than they were in 2007 and this may also force production cutbacks from the major producers, while growth from junior miners may struggle given the dire financing backdrop.
This will support gold in the long term.

Jim SinclairIn the wake of the BIS’ official bail-in blueprint, Jim Sinclair has sent an alert to readers urging them to exit the system immediately.
Sinclair states that even though readers are being told daily what is going to happen, 99.9% of even his close friends are in freeze-frame and have yet to move to pre-emptively protect themselves and their wealth from the bankster freight train rolling straight at them.

Sinclair’s full alert is below: