When we begin filling that silver price gap is a mystery that lies somewhere deep within the power matrix of JPM – a nodal point (though not a permanent one) in the world monetary system.
You are literally going to see gold and silver skyrocket well past the Moon and other planets and could go as high as some nearby galaxies next year in 2015 as the “crash of biblical proportions” comes to pass.
All the trillions of dollars in fake fiat paper money around the world will rush to buy the physical metal and ALL of it will be GONE in gone single hour, all around the world.
The worldwide physical silver and gold market is very very VERY TINY. Once the signs of worldwide economic collapse become apparent, just hours before the crash that devastates ALL the economies of the world IN ONE SINGLE HOUR as the derivatives domino game comes crashing to a halt and massive fear instantly spreads around the world, all the fiat paper money will seek hard assets as a safe haven for maintaining their value.
The precious metals dealers will literally shut down their phone lines, and trillions of dollars in paper fiat capital is going to roar into the precious metals paper fiat fiasco better known as the New York Commodities Exchange and other fiat futures casinos around the world.
It will be an explosion or SHOT heard round the world as everybody throws whatever cash they have into this completely imagined safe haven, which is not a safe haven at all but a casino of order of magnitude in the hundreds of paper futures above a tiny amount of real metal in COMEX warehouses.
What levels could gold & silver achieve in a derivatives contagion? Valuations so shocking Jim Sinclair’s price forecasts are bearish!
It is one thing to label (libel?) the world’s most important precious metals exchange as the most corrupt; but perhaps quite another to prove it in terms beyond reasonable doubt.
First, let me be clear in what I am asserting – the Commodities Exchange Inc. (COMEX), owned and operated by the CME Group, has come to control and manipulate the price of gold and silver, as well as copper, for the sole benefit of certain exchange insiders, most prominently JPMorgan.
In December 2012, I received a phone call from the Government Accountability Office (GAO), and that led to me providing documentation about the silver manipulation and the CFTC that led to a number of conference calls with the GAO. The GAO’s mission is to make sure that all federal agencies are conducting their missions appropriately.
I kept my contact with the GAO private so as not to jeopardize any action by the agency, although I must tell you that I was quite excited about the situation. In time I was informed by the GAO that as the one government agency that reports directly to Congress that it needed to be directed by Congress to look into the matter. In May 2013, I sought to stimulate action by writing publicly about the matter and asking readers to write to their elected officials to urge the GAO to pursue the matter. A good number did just that.
Several months passed and, once again, I grew weary about any follow up by the GAO. I had heard nothing and assumed the matter was dead.
As it turns out, I was dead wrong.
This past reporting period we saw a very rapid decline followed by an equally impressive “rally”. It is my firm belief that the decline was due to serious shorting by the speculators and it is not yet the time-frame the bullion banks desire for an all out price smash, so they quickly manipulated the strings, let go of some lower priced contracts and price popped up again to exactly where they wanted it. They appear to me to be interested in a very slow decline producing depression in the metals, not the schizophrenia of price instability.
If the metals crashed too quickly, it would spoil the long range plans of the elite and cause a panic before its planned time.
In gold, we have three solid weeks of long buying by the overall commercials with short selloffs on 4/8 and 4/15 and heavy purchases of longs and shorts on 4/22. On 4/15 we see phenomenal short positions taken by the large specs and the small specs. That is exactly what the bullion banks want. This is a setup.
The bullion banks are reaffirming their intention to massacre the metals price and they do this for no other reason than to encourage the speculators to purchase more shorts. This is resulting in more and more commitment to the downside by the speculators who will be blamed for the crash to come!
- Gold & silver capped by the cartel at $1300 & $22– is a big move on the horizon?
- The Dollar’s death by a thousand cuts suffers numerous flesh wounds as Russia prepares major oil deal with China
- The Doc updates listeners with the state of the physical gold & silver market in the US via the eyes of SDBullion- Silver Eagles live in stock with all the Authorized Mint purchasers for the first time in 2014!
- Blythe Masters reportedly under investigation by Federal Prosecutors in Manhattan– will Blythe Masters be the first top level banker convicted in the aftermath of the financial crisis?
The Doc & Eric Dubin discuss all this and more in the latest SD Weekly Metals & Markets:
There was a definite attempt last week by the cartel to dislodge the speculator shorts and cheat the people out of the notion of profiting from their intended plunge in metal prices.
In Silver we did not see much dramatic action.
BUT, what is not so dramatic in silver IS dramatic in gold.
In gold we saw a reduction in total open interest of almost 35,000 contracts! That is almost 7,000,000 (yes you read it right) 7 MILLION ounces!
Notice the commercials have the lion’s share of open interest reduction, because if we add up the speculators reductions and additions, we see they are not quite a wash but absolutely MASSIVE open interest reductions on the part of the commercials. To what end? Just to drop the gold price a little? I don’t think so.
Asian gold demand expert Koos Jansen joins the show this week to discuss why:
- In the End, Everyone Will Rush to Gold!
- Gold Will Rise to At Least $1600 in 2014 on Chinese demand
- Gold to replace US dollar as global reserve currency
- Cartel smashes metals on FOMC taper, but gold completes “Golden Cross” Friday
- Koos makes the case why he believes that China Is The Real Gold Manipulation Culprit, while Eric argues that the evidence points to the US gov’t
The SD Weekly Metals & Markets with guest host Koos Jansen is below:
With another JP Morgan banker falling off a roof, the Trends Journal’s Gerald Celente discusses “the JPMorgan criminals” and states that the only bankers turning up dead are young lower level executives, and speculates that the high level executives are “cutting off the links that go to the top” as “you don’t rig LIBOR & FOREX without the people at the top knowing about it!”
Gerald Celente’s full MUST WATCH interview dissecting the recent string of bankster “suicides” is below:
It appears that silver investors’ days of deriding Blythe Masters as the face of JP Morgan’s alleged gold & silver manipulation may be over, as Jamie Dimon has formerly announced the sale of JPM’s commodities division to Switzlerland’s Mercuria for $3.5 billion.
The Morgue will however reportedly continue its global commercial gold vaulting business, as well as financial products (derivatives) and will continue to “make markets“.
Perhaps Blythe should re-apply for a position at the CFTC?
Former Assistant Treasury Secretary Dr. Paul Craig Roberts thinks the Neoconservatives in the U.S. government want war in Ukraine. Dr. Roberts says, “They definitely want war, of course. They’ve wanted it ever since Reagan was President. The Neocons were always saying we have to attack the Soviet Union, and Reagan said we are not going to win anything, we are going to end it. The Neocons got to where they really disliked Reagan because he wouldn’t take advantage of Soviet weakness to attack them. So, they are war minded. They produce documents that say nuclear war is winnable. So, they are basically crazy people; and, yet, they have determined the course of foreign policy since the Clinton Administration. Under George Bush, they controlled the show; and today, under Obama, the Neoconservatives control it.”
On gold, Dr. Roberts says, “To protect the dollar from Quantitative Easing (QE), the Fed is selling naked shorts in the gold market to keep the gold price from rising so rapidly that it exposes the worthlessness of the dollar. . . . The physical stock of gold in the West to meet delivery demand is diminishing rapidly. So, one day the Chinese will buy 100 tons of gold, and we won’t be able to make delivery. That would crash the system. It would just pop. So, there are things that could crash it suddenly. Regardless . . . the economy is going to gradually sink because there are no jobs, or no good jobs. . . So, there is not a recovery. The U.S. is a busted state. It’s completely busted.”
The Civil War in gold continues. JPM Morgan is still NET LONG 45,000-50,000 contracts. The other 23 banks are desperately shorting gold, attempting to cap price and keep it below the technically-critical $1350-1360 area.
Which side will win in the end? That’s hard to say but I certainly think it would be foolish to bet against the ultimate Masters of Darkness. I mean, seriously…the other 23 banks continue on as if it’s business as usual…selling while prices rise and covering on dips…while JPM maintains it’s NET LONG position acquired while price from $1800 in October of 2012 to $1200 in June of 2013.
Clearly, the other 23 banks have a lot of ammo left to use to contain rallies, but the key to 2014 and beyond continues to be JPMorgan. What will they do with their NET LONG position? Will they flip it back to NET SHORT? Will they stand for delivery?
Will they <gasp> actually add to it on continued price strength?