Buy Gold Bars at SD BullionThe protagonists of Michael Lewis’s book, “Flash Boys: A Wall Street Revolt,” are planning a gold exchange that would use elements of block-chain technology to improve transparency and the clearing and settling of trades…

empty-vaultThe Comex bank custodians are reporting over 51 million ounces of silver available for delivery.  In fact, CNT – an official supplier to the U.S. mint – is showing 13.3 million ounces of deliverable silver.   So why is there’s a shortage of silver at the U.S. mint?
IF that silver were actually in the vault, the U.S. mint could buy a spot contract – September has a silver contract open – and take immediate delivery.  
The silver market is seizing up, which means that there’s a severe shortage of silver available…

gold vaultWe watched intently as July Comex silver deliveries spiked to unusually high levels.
Now, with August Comex gold in delivery, we’re starting to see some of the same demand.
No, it’s not a “run” or a potential “default”. It may, however, be another indicator of extremely tight global wholesale precious metal supply.

silver shortageBased on the numbers below, the amount of naked short interest on the Comex is 904.2 million ounces, which is the amount by which the total paper open interest exceeds the amount of silver – 57.8 million ounces – that has been made available for delivery.
This market imbalance represents first and foremost a degree of market intervention and price-setting collusion that has never been witnessed in the history of any market.
There’s a reason the Government is enabling this illegal activity to persist and to grow more extreme.  I have a bad feeling that no one wants to see this reason and I have a worse feeling that we may find out this year…

As of Sunday night, December 21 – effective for Monday, December 22 – the Comex is implementing “Price Fluctuation Limit Rules”.
The “price fluctuation limits” kick in for $100 moves in gold and $3 moves in silver.
The question I have is, why now?
Why not in April 2011 after silver was dismantled in price and went into free-fall?
Why not in September 2011 when gold started to go into free-fall?

Just what exactly, are the banksters scared stiff of at the bottom of the market? 

Silver OI rose sharply by 892  contracts from 172,725 up to 173,617  as silver was down 26 cents yesterday.
It seems that judging from silver’s OI, our banker friends are still very nervous as they try to cover their massive shortfall in silver.
In ounces, this represents a total of 868 million oz or 124.0% of annual global supply!
Let’s head immediately to see the major data points for today:

Play

Gold & silver expert Harvey Organ joins us this week for an explosive and power packed show discussing:

  •  Criminal collusion by the CFTC officialshow CFTC knew what was going on with gold & silver manipulation, and wanted to keep the price suppression game alive while China corners the market
  • More pain ahead for gold & silver?  Why Harvey believes the whacking will continue until the last ounce of gold and silver are gone
  • Shanghai silver drain accelerating- with stocks down 93% since 2013, Shanghai vaults will be BONE DRY by December!
  • Harvey predicts the bullion banks are about to ATTACK THE COMEX– does the long awaited PM default loom in 2015?

The SD Weekly Metals & Markets With special guest Harvey Organ is below: 

Overnight, CME Group Inc., the world’s largest futures market, halted all of its Globex electronic trading markets, including gold and silver, for four hours due to a “technical glitch.”
All other Globex electronic trading markets, including U.S. Treasury’s, oil, gold and U.S. stock indexes were affected with many markets having order routing problems.
Got PHYZZ??

The Shanghai Gold Exchange will be opening up bullion trading to international investors on September 26. China is striving hard to internationalize their currency, and as well, remove the pricing privilege in markets which the West has monopolized so far.   This is a very bold move, and part of their larger plan to make China a bullion-trading hub.
Since their objective is also to internationalize the Yuan, trading will be settled in Yuan and not dollars, which of course, is another small nail in the dollar coffin. The exchange will be serviced by a 1,500 metric ton vault, which is very impressive, indeed.
As if that wasn’t big enough, the Singapore Exchange Ltd. (SGX) will also be opening up a 25 KG kilobar contract to be traded.
These Asian trading platforms will not be as opaque as Western platforms, and will be physically backed, so we believe that this will indeed be the future of international precious metals trading.
This is concrete proof that not only is the West’s gold and silver moving East; their ability to manage prices is also slipping right from under their eyes.
September is shaping up to be a very eventful and historic month, even if we do not see any great changes in price action.