end-collapseThe cartel hit gold hard again this week, selling $1.5 BILLION in paper gold into the market in ONE MINUTE and as Bill Holter notes, “$1.5 Billion of gold is close to 2% of global production and to see that sold in one minute is laughable.”
Bill asks, “Who has that amount of gold to sell?  And the answer of course is almost no one. 
But as the bond market and rising LIBOR rates are telling us, the system is coming apart at the seams and the coming collapse will cause “our entire world to change…

smash-downThere was another interesting development last night. An exceptionally high 20,966 Comex December contracts were exchanged for physical (EFP). EFP transactions happen all the time, but this was a JUMBO deal. We don’t know the reason, which is most probably technical, but it could be linked to the sale of 10,000 contracts the day before.  Most exchanges would automatically initiate an inquiry to ensure that there is no market rigging involved in a $2.8bn deal.  Dream on…

Underwater SundownWhat will be most interesting, will be market trading Monday through Thursday.  Precious metals are trying to put in an organic bottom and rally.  The dip buying proves this.  With signs that the physical market might be tightening and Indian buying about to rise, it’s not likely manipulation will succeed in keeping prices lower for much longer…

Play


Whiplash in the Gold and Silver Markets As Yellen Yaps At Jackson Hole:
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  • Good Cop, Bad Cop: Fed Gooses, Then SMASHES Gold & Silver
  • Flying By the Seat of Their Pants – How Much Longer Can The Fed Keep the Markets in the Air?
  • After 6 Months of Falling Premiums, This Silver Indicator Just Experienced An Inflection Point…The Doc and Dubin Break Down Jackson Hole & Today’s Crazy Market Action Below:

explode-volcano-bankersThat big decline we just experienced is probably the intern bottom here for another rally which will extend for quite a long time.”
In this week’s critical Market Update, Eric Sprott assesses the recent pullback in the metals and miners, and discusses the context and reaction to Chair Yellen’s speech at Jackson Hole, and WHIPSAW in gold and silver prices…

collapsePerhaps the biggest source of financial propaganda is the Government-sponsored price controls imposed on the precious metals market.  That this occurs on a daily basis is no longer even open for debate.
The price-suppression of gold is the equivalent of shutting down all weather satellites ahead of hurricane season.  
It will end in a disaster…

saudi goldJacob Rothschild, Stanley Druckenmiller, George Soros, along with his associate Crispin Odey, and other billionaire elitists are moving massively into gold. In his recent semi-annual address to RIT shareholders, Rothschild announced that they are reducing their stock and currency exposure and increasing their gold holdings…

silverWhat goods or services would you offer and be willing to accept gold or silver as payment?  How much gold and silver would you be willing to use as currency?  
If you are serious about breaking the system, operating outside of the system and leaving a murderous, criminal, liberty and life stealing system behind, these are the questions that should be in the fore-front of every waking moment…

China goldFor China, gold’s strategic mission lies in the support of renminbi internationalization, and so let China become a world economic power and make sure that the China Dream is realized… gold forms the very material basis for modern fiat currencies. 
Gold is the world’s only monetary asset that has no counter party risk.
That is why, in order for gold to fulfill its destined mission, we must raise our gold holdings a great deal…

collapseWhen the black swan arrives, and the system buckles, you will see a different type of collapse.
The ensuing financial panic will lead to a currency non reflate-able currency crisis. 
And the rush to safety will ignite the long-awaited move that will have us speaking in terms ounces, rather than dollars… 

gold_futuresGold futures saw a massive $1.5 billion liquidation in one minute yesterday which had all the hallmarks of a “non profit” liquidation – a large seller trying to manipulate gold futures lower rather than maximize profits…

chinaFor many in the markets, this has been the year of the yuan. When China suddenly devalued its’ currency, earlier this year, it sent the global markets into a tailspin.  Currently, the yuan is depreciating even further since traders believe that the Chinese government will step down from its’ intervention in the currency. Being included in the exclusive club is a sign that the currency has ‘grown up’, in a manner of speaking.

down fall plungeThe spot price for gold and silver is dead.
We seem to have the makings of a major disconnect, and it is worth talking about:  the mining indexes are raging, while the spot price “markets” are looking more and more like the ugly step-sister nobody wants to dance with
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Billions of dollars are flowing into gold and silver miners, yet all the while PM “price” continues to lag, largely because it is set by the traditional flawed paper derivative dinosaurs.  Regardless of how or why this is occurring (deliberate plan or free market), one thing seems evident:
HUI is the new Spot Price, and Spot Price is Dead!