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PM fund manager Dave Kranzer joins us this week for a power packed show discussing: 

The SD Weekly Metals & Markets With The Doc, Eric Dubin, & PM Fund Manager Dave Kranzler is below: 

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Something BIG changed after the collapse of the U.S. Investment and Housing Markets as a huge crack in the Fiat Monetary System took place.  After the world nearly disintegrated under the debt-based U.S Dollar system in 2008, some of the Central Banks of the world finally found MONETARY RELIGION.
At this time, and according to some of the more enlightened Central Banks, gold was no longer a worthless piece of metal whose sole purpose in government was to be pawned off to support a worthless paper monetary system.
In just a few years time, the huge flood of Central Bank gold into the market dried up and switched to become a large source of demand.

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In a move that is much more significant and relevant than the Chinese interest rate cut news, it was revealed that Netherland’s Central Bank repatriated 120 tonnes of gold this year.   The move was accounted for as a transfer of gold from the NY Fed to De Nederlandsche Bank (DNB).
I say “accounted for”  because I believe it is highly likely that the physical transfer took place from the GLD custodial vaults to the DNB. 

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In this interview with Finance and Liberty, Golden Jackass editor Jim Willie discusses:

  • U.S. Mint SOLD OUT of Silver Eagles- is this the first sign of a massive physical shortage of precious metals?
  • GLD and ScotiaMocatta being drained of physical gold
  • The U.S. government has ALREADY DEFAULTED on its debt; China is taking control
  • How returning to a gold standard might work
  • Willie’s outlook on Gold- why a MASSIVE MOVE to $18,000/oz is coming

Jim Willie’s MUST LISTEN interview with Elijah Johnson is below: 

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From 10:30 a.m. (EST) to 10:45 this morning, 2.8 million ozs of gold were dumped onto the Comex.  
This forced a rapid $20 price plunge.  There were no apparent news or event triggers.
Zerohedge attributes the hit to the possibility that the Big Banks got ahold of the FOMC minutes early or the latest results from the Swiss gold referendum were leaked.  

I say bullsh*t to both…

Massive shorts

It looks like we have a few nervous shorts in silver racing against the clock to cover some of their shortfall!!
The total silver OI  remains extremely high with today’s reading  at 173,075 contracts. The big December silver OI contract marginally lowered to 71,638 contracts. The high December OI is huge news as those longs remain firmly planted ready to take on the bankers.
The potential for a MASSIVE short-squeeze is brewing.

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The contemporary, fiat currency system, which central and international banks constructed, is a model that’s built upon the bedrock of systemic fraud in multiple markets. The only way the system can continue is by constant expansion of currency and debt.  The system has become so full of rot, that it can’t survive without fraud and constant rigging, especially of its perennial competitors: silver and gold.
The untold wealth and power these banks have amassed, comes from being able to steer world markets, whether currencies, or OTC derivatives, or bonds, or commodities, or real estate, and none of that steering is possible without the fiat, debt-based currency system it rests upon.

The monetary system itself is where “the money is”, and that is why the Powers that Be are willing to spend several trillion dollars a year suppressing silver alone!  Even at a price tag that high, it is still well worth continuing.

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Simply put, QE can never be halted or even slowed.  The USFed is in a corner, with no policy options, FACING COLLAPSE, with no ability whatsoever to halt the systemic failure in progress.
The USDollar is fast losing its integrity, during a dangerous global rejection episode.   
Therefore, QE must be exported, the easy candidate Japan. Call it Operation Tokyo Twist.
The King Dollar is in the final death throes, and the entire world knows it.
When the new Scheiss Dollar arrives, the wake up call comes. Its painful devaluations will bring price inflation, supply shortage, social disorder, and shock to the gutted nation.
The Tokyo Twist will be the song on the FOREX dance floor where all the gals (fiat currencies) are ugly, in a desperate contest to be the least ugly.
The new BRICS gold & silver backed currency is at an advance stage in the design rooms, soon to see actual implementation.
The Gold Standard is to be re-installed, euphemistically called the Currency Reset. 
History is on the verge of being made.
 

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Matterhorn Asset Management’s Egon von Greyerz out of Switzerland joins the show for a special episode this week covering the historic Swiss Referendum, discussing:

  • Is the latest PM take-down ALL about the Swiss Referendum and portraying gold in as negative a light as possible to the Swiss people ahead of this month’s Swiss Referendum?
  • Egon explains why we are witnessing the FINAL EXHAUSTION in Gold & Silver Manipulation!
  • Paypal shuts down account for Swiss Gold Referendum, confiscates funds in Gestapo like move!
  • Trouble brewing in Euroland?  Egon predicts there is No chance the Swiss Franc/ Euro peg will hold with a yes vote!

Don’t miss this Special Edition Metals & Markets with The Doc, Eric Dubin, & Egon von Greyerz with full coverage of the Swiss Referendum: 

beach ball

Gold and silver  had a great day price wise.
However it did not start out that way.  The criminal bankers started early last night with gold being pushed back below the $1160 level reaching its nadir at around $1145 early in the comex session.  Silver saw its lows at around 2:00 am  (London fix time) at $15.30.  Then at a little after 9 am both metals started their huge ascent as the physical markets totally overwhelmed the paper markets.  One could see that the market was going to test the huge $1180 gold resistance level.
The dam burst as it could not stop gold’s huge demand as gold ended the day at $1185.60 and silver at  $16.31.

The bankers will regroup and will try and forcefully send gold and silver back down on Monday.
Of course the problem that the bankers have is this:

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All speculators should cover all the shorts they have right now to secure MASSIVE profits!
But they won’t.  Why?
The speculators really believe they can force the Commercials hand and pin their positions on them but that is not mathematically possible.  They sense and even smell the blood of far lower spot prices in the future and they are determined to hold the mass of shorts for that payday.
Failure looms in their future as metals will not be allowed to crash until September of next year and it will not be the speculators who profit then but the Commercials who crash it in a few minutes, cover all their short positions as speculators and day traders give up their longs, then those Commercials go extreme long into the most incredible price rise in the history of any commodity (or equity).
The die is cast.

paper gold

A few months ago the comex had 303 tonnes of total gold. Today the total inventory rests at 255.02 tonnes for a loss of 48 tonnes over that period. .
Furthermore, there is now evidence
of paper settling on the COMEX!
Let’s head immediately to see the major data points for today:

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The 6th month GOFO rate has entered backwardation
The backwardation in gold is incompatible with the raid on gold .   It does not make any economic sense.
Lets head immediately to see what the data has in store for us today: 

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The bankers came to work early yesterday in the access market knocking both metals down.
However throughout the night, gold rose nicely and then at 12 noon today, something spooked our bankers as gold rose to $1165 only to be repelled back to $1163.00 on closing.  However late in the access market, gold again rose to $1173 upon which it was easy for our bankers to offer naked contracts and lower the price to $1164.00 at access closing time.  Something is spooking our bankers!!
Let’s head immediately to see the major data points for today: