Jamie DimonJim Rickards on gold & silver’s continued rally overnight Sunday and early Monday while the banks & COMEX are closed:
That’s what happens when you take manipulators’ toys away!

morgan willieThe sudden rash of bankers expiring in mysterious ways has been well documented at SD Jim Willie revealed to SD readers that we are seeing bankers removed who are on the verge of revealing big data details on FOREX bank fraud.
News of the latest JPM banker to be found dead (Ryan Crane, the Executive Director of JPM’s Global Equities Group) went viral after European banking source V claimed that Crane & the JPM London banker who fell from the top of JPM’s London HQ last weekknew each other & had uncovered something“.
If the bombshell news the investigative journalists at Infowars have just released is accurate, it appears that the number of bankers found dead in the past several weeks has now swelled to over 20, and includes a slew of mid-level bankers as well as the top level execs that have been chronicalized on SD.
Gerald Celente & Alex Jones discuss the news that the number of dead bankers has now reached 20 below:

Wednesday we reported that another JP Morgan banker has been found dead, as the latest banker to meet a sudden and untimely demise is Ryan Henry Crane, the Executive Director in JPMorgan’s Global Equities Group.
Today, Steve Quayle’s banker source “V”, who predicted that a wave of banker hits was imminent when the very first bankers began dropping last week, has dropped a bombshell regarding the death of Ryan Henry Crane. 

V states that Crane oversaw all of the trade platforms and worked closely with Gabriel Magee of JPM’s London desk (who fell 32 stories off the JPM London roof moments after texting his g/f he would be home shortly), and that the pair had access to the exact same info.
V concludes Crane & Magee: “Knew each other and had uncovered something“. 

V’s update on the latest JPMorgan banker to turn up dead is below:

JPM ChaseThe cryptocurrency known as Bitcoin has endured several flash crashes this week as first MtGox, and then BitStamp were forced to halt withdrawals due to issues with Bitcoin transactions settling due to massive DDoS cyber attacks.
JP Morgan, who according to reports continues its attempts to launch its own cryptocurrency (in competition to Bitcoin) has issued several scathing attacks on Bitcoin in the past week.
In response, longtime Bitcoin advocate Max Keiser is publicly alleging that JPMorgan is behind the Bitcoin DDoS attacks!

bankster AssassinationsSteve Quayle’s banker source “V” is warning that “big things are going down” as a result of the fact that the NY Fed & bullion banks are OUT OF PHYSICAL GOLD, and states that the 4 banker suicides in the past week were on a HIT LIST tied to FOREX frauda list which the source claims includes dozens of Wall Street banksters.
The full warning alert from “V” is below:

Jamie DimonAnother big week for massive open interest changes almost like two weeks ago except this week gold open interest was downsized big-time.
In silver, price started at 18.85 and ended about 19.55  Commercials added almost as many longs as they sold shorts so they remain net short 105 million oz in silver!

Price Silver MoveAs we continue to witness orchestrated take-downs in the paper price of silver, the real market rigging is taking place in another industry.  After the price of silver fell 5% in a twenty-four hour period of time, precious metals investors are once again concerned about the future outlook of the shiny metal.
If psychology is the key to market trading, the Fed and its member banks have done an excellent job destroying market sentiment in silver currently.  I say currently, because “ALL” fiat currencies and Ponzi schemes collapse.  There are no exceptions.
Precious metals investors need to understand that in order for this Grand Derivatives Ponzi Scheme to continue, the price of gold and silver have to be controlled to keep the masses from waking upTo keep the public purchasing worthless 401k’s, IRA’s, bonds, most equities, pension plans, CD’s and etc, the OUT OF SITE, OUT OF MIND TACTIC is used by the Fed, U.S. Treasury and member banks.
When the price of gold and silver move up too high, this puts a kink in the fiat monetary authorities game plan.  The Fed and banks have no use for a public that is WELL INFORMED AND AWAKE As long as Americans continue to behave and purchase the crap the U.S. Treasury and banks sell them… everything is fine.

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Gold VaultHarvey Organ joins the SD Weekly Metals & Markets Wrap this week to warn of a possible February COMEX Gold Default:

  • Continued decline in “registered” gold inventory at the COMEX- 2o tons of gold “kilo bars” withdrawn from JPM vaults headed to Hong Kong!
  • 2014 will mark the year where physical forces deep “managed retreat” in the least
  • Geopolitical and Global Macro review:  From MyRA & pension fund confiscation to Ukraine & Emerging Markets
  • Fed Taper Review- Eric believes the Fed will overshoot tapering to $50 billion/month, while Harvey believes Wednesday’s taper will be the last
  • Harvey discusses why February may very well see strains to the point of the long anticipated COMEX default in gold!

The SD Weekly Metals & Markets with Harvey Organ is below:

empty-vaultIn a surprising change from its inventory build over the past few months, JP Morgan had the largest one-day withdrawal of gold ever Friday.  JP Morgan had 321,500 (exactly 10 metric tons) withdrawn from its Eligible category.

In just one day, JP Morgan lost 22% over its total gold stocks at the Comex.
It seems as if 2014 may be the year that the Financial System finally falls over the cliff.

Elephant hunting MorganMove over London Whale, JP Morgan has a new Mammoth scandal on its hands:

America’s biggest bank, JPMorgan Chase has quit work on a Chinese firm’s initial public offering over a probe that it may be part of a larger ‘jobs for contracts’ hiring scheme called ‘elephant hunting’, made famous in the 2000s.

Massive shortsIn gold we see that what all the headliner commentators thought were the bullion banks taking a big long position prior to the supposed blast off to the moon – in reality those bullion banks (producer merchant) have been packing on shorts right and left the last five weeks and have gone from just about 1.2 million ounces net long to a mere 311,000 ounces net long as of last Tuesday.  Those swap dealers are packing on the shorts this past reporting period as well adding just over 641,000 short ounces.
What does all this mean?
For the first time in a long time we have both houses of the commercials moving congruently to significantly larger short positions.  People, they are not taking those positions so they can report a loss…
Get ready for a price drop and back up the truck soon!

The price of gold was remarkably smashed $35 in the space of 60 seconds at 10:14 a.m. NY time Monday morning12,000 contracts hit the market almost all at once.  To put this size in context, on Friday a little over 107,000 Feb contracts traded during the entire 23 hour Globex system session.  In other words, Monday at 10:14 a.m., a little over 11% of Friday’s total volume traded in the space of  1/1380 th of the entire Globex session for a given period.
The hit came from nowhere and halted a strong rally in the price of gold that began last night in Asia.
This is the unmistakable sign of desperationDesperation to keep a lid on the price of gold in an attempt to make the public believe that everything is ok in this country and with the U.S. dollar.  But we all know otherwise…

Caption Contest 1Sun Zhaoxue, China Gold Association President, and General Manager of the China National Gold Group Corporation (China’s largest gold mining firm) has brought the US manipulation of the gold market mainstream in China in a speech at the Lujiazui Forum, an annual finance conference attended by prominent Chinese economists:
Only gold remains on par with the US Dollar to benefit from the Eurozone collapse. This is why the US began to suppress gold by issuing a statement two months ago that the Eurozone will sell its gold when it is unable to service its debt, then stating three days later that the news was false. Goldman Sachs made a forecast for the gold price at the beginning of the year but suddenly changed its course saying the gold price will fall to $1300.
Bernanke’s speech followed, saying that monetary easing will end, that the US economy is improving. This series of examples shows that the fall of the gold price is premeditated.  This process is a genuine currency war.

Then we have to ask the US why they store so much gold but instead of selling gold, they issue debt to other countries to rescue the financial market.  The US owes Germany so much gold but instead of repaying immediately, sets a 2020 deadline to return the goldThis is a downright currency war to maintain US Dollar hegemony by defeating all other currencies.”

Blythe Masters Jamie DimonAs has been the case for the past five years (since it acquired the concentrated short positions of Bear Stearns), 2013 was the year of JPMorgan in silver and gold. Everything important that transpired in silver and gold can be traced to JPMorgan, just as this bank will dictate what happens in the future. I realize I am being overly specific and that many different factors influence the price of any market; but the circumstances surrounding JPMorgan are so overwhelming as to render all those other factors combined moot when it comes to silver and gold.
From the very beginning of the year to the last two days of 2013, JPMorgan has dominated and controlled the price of silver and gold. Here are the documented facts:

fill and killMuch confusion persists regarding the method, or mechanics, of how the big banks are able to push the price of precious metals around at will for so long.
The confusion comes from declarations that on price drops, the bullion banks are selling. This then triggers the frequent and violent down-drafts we have witnessed over the last 2 years and counting. However, the trading data indicates the contrary. Commitment of Traders (COT) data shows that the big banks always buy on these dips and they always sell on rallies. Always. (This is clear evidence of manipulation in and of itself.)
So how do they get the price moving in one direction or another, usually to the downside?
The mechanism is made clear by the forensic analysts at NANEX, which provides documented real time price action down to the microsecond:
Stacking the Bid with Fill or Kill.

Chart of the DayCartel manipulation of the gold & silver markets has become so blatant that even Bloomberg is now openly admitting that the West is being drained of physical gold thanks to blatant market rigging.
As the 20 year gold & silver intra-day average Bloomberg charts below clearly demonstrate, The (PM) fix is in:

Jamie DimonLast week the financial MSM admitted for the first time that the West’s gold is being physically drained to Asia and that London’s gold vaults are “virtually empty.
Now, allegations that banks are rigging the gold and silver markets continue to gain credence among the mainstream as Bloomberg has published an article by Rosa Abrantes-Metz entitled How to Keep Banks From Rigging Gold Prices’’.

Rosa Abrantes-Metz concludes that gold prices may be manipulated and gives evidence to support her assertion.

gold_tidal_waveFew analysts are watching the evolution of the COMEX/LBMA markets as closely as Jesse (Jesse’s Café Américain). Both markets are where the gold spot price is determined and a lot of paper gold contracts and physical gold movement are involved. So it’s important to watch both markets waiting for a potential default event that would start to free the determination of the gold price from manipulation. In this interview with Jesse, we discuss the issues at the very center of the gold market today : COMEX/LBMA manipulation, default event and how investors should react to the long correction in precious metals.

What if the twenty metric tonnes of gold deposited into JPM’s eligible vault over the past two months really is 20,000 Kilobars, of the 999 fineness variety?
Why would JPM be holding, at a minimum, 20 metric tonnes of Asian Kilobars in their NY vault- could these have been acquired for a big Asian client (China)?
If so, this gives credence to the idea that JPM’s client is China and, by extension, China is the big NET LONG on the Comex, converted from NET SHORT after successfully driving price down by over 30% in the past year!
If you were buying that much gold and had easy access to smash the price first, wouldn’t you do it that way?
I’ve often stated that JPM’s verifiable NET LONG Comex gold futures position is a market corner and it gives them the ability to break and take control of The Comex at a time of their choosing.   If this position is actually China’s…well, that certainly changes the dynamic a bit, doesn’t it?
And now JPM (China) is stashing away 2 metric tonnes per day of Asian-standard Kilobars?

JP Morgan Dimon MastersIn this interview with unconventional finance’s Elijah Johnson, Bill Murphy of GATA how a Fed tapering of QE would likely affect precious metals, whether China is involved with gold suppression, and what GATA believes will happen in the gold & silver markets that will finally expose JPMorgan’s alleged manipulation of the PM markets.

GATA’s Bill Murphy on Taper & PM manipulation is below:

Bernanke-Dimon-Fed-Tunnel Jeff Nielson from BullionBullsCanada joins the SGTReport to discuss how to END the endless corruption in the precious metals markets. We cover the Rothschild’s ONE BANK, Bitcoin and everything in between. Jeff says he thinks the Rothschilds will SMASH Bitcoin which has emerged as a rival to their fiat empire. How does Jeff know this? Because he says that’s exactly what he would do if he was a Trillionaire Bankster.
As for physical precious metals which have suffered a brutal year, Jeff says, “ONE BANK wants to keep people out of the precious metals sector at ALL COSTS and so it is doing literally everything in its power to discourage people from putting their money in gold and silver. So ask yourself this, if the Bankers want you to get your money out of gold and silver, more than anything else in the world, then isn’t gold and silver exactly the place you want to be?

Blythe Masters Jamie DimonJPM wants their gold back before the current fractional reserve bullion banking system breaks, prices skyrocket again and a new global currency regime takes hold.
And now, for the first time ever, they’ve cornered the Comex gold futures market in order to ensure that it happens.