manipulation
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In this week’s Metals & Markets, The Doc & Eric Dubin break down the week’s action discussing: 

  • First Majestic Silver takes on the cartel- holds back 35% of Q3 silver production- CEO Keith Neumeyer issues call for silver miners to form their own cartel to put an end once and for all to paper manipulation
  • Russian/ US Geopolitical crisis escalates- Putin warns of MAJOR CONFLICT with US, loss of reserve currency status for dollar
  • Swiss Gold Referendum- could a YES vote shatter the cartel’s grip on gold? 
  • Silver market tightens- premiums are on the rise as Royal Canadian Mint begins allocating silver maples, major private mints running production delays on PHYSICAL metal
  • Gold predictably capped at $1250- whats next for gold & silver? 

The SD Weekly Metals & Markets With The Doc & Eric Dubin is Below: 

Pisani gold gld

Another 2 tonnes of gold was removed from the GLD trust yesterday.  The last time the reported amount of gold in GLD was this low was November 18, 2008.   The price of gold was $738.
Despite the fact that the price of gold is up about 2% YTD, 6% of GLD’s reported amount of gold has been removed by the bullion banks.
I predicted in 2009 in a report I wrote about GLD’s legal structure that GLD would eventually suffer the same fate as Enron.   In fact, our entire is system is one giant Enron/Madoff Ponzi scheme.

To compound the removal of the “visible” physical stock of gold from our western system, nearly 10 tonnes of gold was removed from JP Morgan’s Comex gold vault:

EmptyVault

As the increasingly volatile stock markets bounced back higher today,  JP Morgan experienced one of the largest withdrawals of gold from its inventories this year.  In just one day, a stunning 321,500 oz of gold (10 metric tons) were removed from JP Morgan’s Eligible inventories:

HarveyOrgan1

Today, we had a huge withdrawal in inventory at the GLD. of 2.1 tonnes.
On the 22nd the LBMA stated that they will no longer publish GOFO rates.

It looks to me like these rates are now fully manipulated. 

Pisani gold gld

Another 9 tonnes of gold was removed from the GLD trust yesterday.  This takes the “reported” amount down to 751 tonnes.
The last time the reported amount of gold in the trust was at this level was November 18, 2008.
The price of gold was $738.

asian gold demand

China is still in a holding pattern ready to pounce when needed.
The open interest on silver is  still highly elevated.  Gold has a low OI with a low gold price.  Silver has a high OI with a low silver price.  Something has got to give!!
Let’s head immediately to see the major data points for today…

gold bottom

This bottom may be the longest yet.
This is psychological warfare and does not resemble the true PM physical market at all but it is contrived through manipulation to depress speculation so that physical buyers will stay away from PMs and trust bonds and equities while Ebola and ISIS rip up the daily headlines.
The DOW is off 1,000 points in just a few days, fear of deadly disease or decapitation stories is gripping the news and gold and silver have plummeted?

Does any of this make any sense?  FEAR UP, gold down?
Can you spell M-A-N-I-P-U-L-A-T-I-O-N ?
Stay thirsty for physical, my friends, the day of redemption draws near!

tfmetalslog

TFMetalsReport’s Craig Hemke joins Finance & Liberty for an in-depth interview discussing:

  • QE- Will the Federal Reserve stop printing money?
  • Latest PM takedown- Why did precious metals prices crash?
  • Outlook for gold & silver- Will precious metals stay low?
  • Who is responsible- Are China and India manipulating precious metals?
  • What will the first sign be for the rise in the price of silver? 

Craig Hemke’s full interview with Finance & Liberty is below: 

Chris Powell
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GATA’s Chris Powell joins us this week for a power packed show discussing:

  • Powell’s view on the endgame- Central banks will revaluate gold upwards substantially overnight, after which the gold suppression will start again from a much higher level  
  • Massive Chinese gold accumulation: China doesn’t want a free market, they want control of the gold market!
  • If Gold & Silver Markets Are Not Rigged, They Are the Only Markets Not Rigged- Free markets are restraints on Central bank power!
  • Physical vs. certificate bullion- Chris asserts that if you’re taking certificates at a bullion bank, you might as well flush your money down the toilet!  
  • Physical PM investors are fighting every central bank in the world- they won’t relinquish their power easily until the last ounce of metal is drained from the markets.
  • Is the collapse of the fiat system imminent, or will the struggle against Central banks go on for decades?

The SD Weekly Metals & Markets With Special Guest Chris Powell is below: 

HarveyOrgan

 China is still in a holding pattern ready to pounce when needed.
The open interest on silver remains highly elevated.  Gold has a low OI with a low gold price.  Silver has a high OI with a low silver price.
Something has got to give!!
Let’s head immediately to see what the data has in store for us today:

launch rocket vertical

In late 2013, I predicted the Fed would taper all the way to zero in 2014, and suggested that taper would turn the Dow into a “wet noodle”, while creating a rally in gold prices. That’s the opposite of what most analysts thought would happen in 2014, and it’s exactly what has transpired.
The risk of a complete global stock market meltdown is growing now. The Fed’s number two man, Stan Fischer, has thrown gas on the fire, by aggressively suggesting the Fed’s next move will be to raise interest rates.
Many investors are assuming the Fed can engineer another huge stock market rally with further easing.  
Instead, what they could experience is something more akin to an economic ice age.

HarveyOrgan

Let’s head immediately to see what the data has in store for us today.
First:  GOFO rates:
We are moving closer and closer to backwardation!!

moon

Have gold and silver seen a bottom yet, and is there a turnaround soon in the cards?
No, and no.  The realization that the Shanghai Gold Exchange has not had the impact of “truth in gold pricing” many expected, should come as no surprise.
It is still business as usual as gold and silver languish around recent lows

There is no date one can mark on the calendar that points to an end of the Rothschild dominance over Western fiat currencies and their suppression of the anti-dote to all fiats, gold and silver.

images

Less than 3 weeks after the S&P downgraded US debt in 2011, after gold’s initial spike to $1900, the Government’s renewed war on gold began.  The reason for this is that, in the face of trillions being printed by the Fed and trillion dollar deficits being incurred by the Government, gold was about to take out $2,000.
This was a milestone that would have likely triggered a flood of capital into both physical gold in this country and into the futures. A move like this would have destroyed the credibility of the U.S. dollar as the world’s reserve currency. It further would reflect the actual truth regarding the collapsing economic/financial condition of the United States.
To keep this from turning into an event that would hinder Wall Street and the Government elitists from completely looting the wealth from our system, they had to implement a massive program of market intervention in order to take down the price of gold and eliminate the signal it was sending to the world that the U.S. is in a state of slow collapse.
Your only defense against the poisonous cesspool swirling beneath the carefully crafted facade of lies and disinformation – short of just leaving the country – is to move as much of you liquid wealth as you can into physical gold and silver. Because when the U.S. Government’s war on gold is finally forced into capitulation, the collapse of our system will be unlike the collapse of any other superpower power nation in history.