It appears that something has “spooked” the entitled owners of 5 million oz of gold previously stored in COMEX depositories…
- SOLD OUT: World’s Largest Physical Silver Wholesaler’s Inventory Down to 3 Items- All Shipping in 6-10 Weeks!
- Wholesale Silver Eagle Premiums Skyrocket to $5/oz- Premiums Likely to Reach 50% Within Next Few Weeks
- Supply Side Implosion: Australian & Canadian Silver Production Down a Stunning 28% (11 M oz) Jan-June 2015 vs 2014!
- James Turk: We’re Scraping the Bottom of the Barrel at These Prices
- You May Not Get a Liquidity Event With Next Lehman Style Crisis: May Wake Up With Silver $5 Higher Overnight!
- After 4 Year Correction, Turks Explains Why a Meaningful Rally For Gold is Overdue
- Turk Warns: Next Collapse Won’t Be a Market Collapse, It Will Be a Dollar Collapse & Hyperinflation!
The SD Weekly Metals & Markets With The Doc, Eric Dubin, and James Turk is below:
- DOW Plunges 500 Points Friday, 1300 Points on the Week- Is a Global Financial Collapse/Panic Underway?
- August Silver Open Interest Surges, Stands For Immediately Delivery of 35 Tonnes: Who Needs Immediate Delivery of 1,135,000 oz of Silver in a Non-Delivery Month!?!
- Doc Explains the Mechanics of Hedging, and Why SDBullion Believes in Physical Metals, Not Hedging Sales to Dollars With Paper Gold and Silver Shorts
Eric On Greece: Why GREXIT Finally Arrives in 2016
The SD Weekly Metals & Markets With The Doc & Eric Dubin is Below:
The position of the banksters is becoming unbelievably strained in the gold/silver suppression scheme.
There are now 351,519 oz of deliverable COMEX gold, valued at roughly $387 million dollars! This means that deliverables, in dollar terms, are 7 TIMES LESS than they were when Kyle Bass took delivery of $1 Billion in gold and ran!
The amount of gold Bass helped take possession of alone, was three times greater than what remains on the Comex “deliverables” line item today.
This means that if another “Kyle Bass” today tried to remove a mere $1 billion in gold from “registered” gold, something exceptionally ugly would take place!
We 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.
The lower price of gold has triggered an avalanche of physical gold accumulation both globally and in the United States. This means that the behavior of the gold holdings of the GLD Trust are behaving inversely to the observed behavior of the global market for physical gold – i.e. the amount of gold held in “trust” at GLD should be rising, not falling.
The ONLY explanation for this is that GLD is being looted by the bullion banks.
The once great U.S. Empire is now in big trouble. The U.S. Empire is on its last legs.
At some point, we will not be able to trade worthless Fiat Dollars for our oil imports. Falling domestic oil production, on top of falling oil imports will wreak havoc on the U.S. Economy and most paper and physical assets. Thus, the collapse of the U.S. Retirement Market will cause an EPIC SURGE in the price of gold.
This is why it is best to see the WRITING ON THE WALL and invest in gold and silver before its impossible to acquire the metal.
- Eric Breaks Down the Numbers and Explains Why Friday’s Chinese Announcement Updating Gold Reserves to 1658 Metric Tonnes is a TOTAL JOKE!
- Silver Smashed to $14 Handle and Gold Closes Week at Bear Market Lows- Are the Metals Headed Over the Cliff for Final Capitulation Crash on Sunday’s Globex Open?
- Is Greece Over, Or Are We in the Eye of the Hurricane?
- Physical Silver Mainstays Go NO OFFER At Authorized Distributors and Wholesalers!
The SD Weekly Metals and Market With The Doc & Eric Dubin is Below: