UPDATE - 4/20/13 - Information from Jim Willie's April Hat Trick Letter - Premiums and Dealers are Out of metals.
I interviewed Jim Willie, The Golden Jackass and writer of the Hat Trick letter, this morning, April 15 2013 about the smashing of the metals.
He had emailed me this morning about it and that email and article is here. He then agreed to do a fast interview as it is important for people to understand what is really going on.
He provided Awesome information as always and said those who purchase metals in bulk are having to pay $2000 or more an ounce for gold in the Asian markets.
He gives real information and is telling everyone not to freak out and to hold on.
This is a great interview especially for those who are
concerned and watching the gold and silver prices drop.
People should be rejoicing as this is ending the Comex with the prices getting smashed as they are. It is all paper that is going down there is no real physical involved.
Jim doesn't mince words and tells it as it is in this interview.
I have recording software that can only record in ten minute segments, so I am apologizing ahead of time for the cuts. I have normally put them on different youtube videos at 10 minutes each, but I believe people prefer to be able to listen to it all on one video.
Here is Jim Willie no holds bar and giving the straight talk and information about what is real and what is not regarding the metals. He also questions the Utah mining landslide and 'who' may have been involved and was it really an accident?
Edit to add - Article: $20 billion in gold paper dumped.
Showing posts with label metals. Show all posts
Showing posts with label metals. Show all posts
Monday, April 15, 2013
Bill Murphy of GATA and Le Metropole, email to me this morning 4/15/13 about the Gold and Silver Smash Down
Bill Murphy the founder of GATA and the publisher of Le Metropole, a subscriber newsletter emailed me back this morning when I asked his opinion of what is happening with metals.
Here is his email to me unchanged:
Hello Sherrie,
Black is White and White is Black in the gold world. The
more bullish the situation is, the more they attack. Ever since the first week in October, when the price
of gold traded $1793 and silver was $35+, the selling by The Gold Cartel/JPM has
been the most intense I have seen in 15 years. Not one single day has gone by
since then when they could not be spotted with one of their
maneuvers.
This collapse has all been orchestrated with this collapse set in
motion on Friday following the PM Fix when the physical pricing was over the day (PLAN B). In
addition The Gold Cartel loves to attack on Friday. There is an
83.2% chance of gold being lower or unchanged on Friday because of what they do
and when.
Gold was hit so hard by The Gold Cartel forces, it broke below key
price levels and down from a massive base. After falling to $1501 on the Comex, it was bombed
in the Access Market to $1477 (PLAN C). And on we went from there last night and today
to below $1400.
As far as silver goes, my "smeller" has told me for some time JP
Morgan was going to crash the market so they could cover more of their massive short
position. Whilethe open interest in gold is fairly low, the silver open interest
has blown into multi-yearhighs. Because of the strength in the physical market, super longs
were taking JPM on.
They are now paying the price for doing so.
It is all beyond corrupt. Could go on for hours here. For any
Canadian readers of yours, suggest they watch the CBC documentary on Thursday night, The Secret World
of Gold. It will explain a lot of what happened today and why.
All the best
Jim Willie the Golden Jackass, email to me this morning 4/15/13 about the Gold and Silver Crashing.
Jim Willie, The Golden Jackass and writer of the Hat Trick Letter emailed me this morning after I asked for his comment about what is happening with the Smash/Crash of metal prices.
Here is his email without any changes to me:
simple, and I dare you to post this !!
the Boyz want to kill demand by removing supply
the COMEX could actually shut down before long, like soon, dunno when
remember the lunatic BS monetary policy by the USFed
where they kill final demand by destroying the USEconomy ??
same artists at work
the divergence between the paper and metal Gold price is growing
it means the Western Gold market is broken
I have been forecasting the divergence for a long time, and it is here finally
huge precious metal demand growth, lower price, therefore corrupted (sorry, I dont fall for it)
looking forward here to the day when COMEX shuts down
it will come after they steal all your money in private accounts
if the Gold price is being pushed down, it is because the Bad Guys want to buy it from the Idiot Sheeple sellers
I try not to be a flippant a-hole
if you want the COMEX to be busted, then you must hope for a paper vs metal price divergence
the true price for large authenticated transactions is at least 15% to 20% higher than what COMEX says
looking forward here to the day when COMEX shuts down
it will come after they steal all your money in private accounts
if the Gold price is being pushed down, it is because the Bad Guys want to buy it from the Idiot Sheeple sellers
I try not to be a flippant a-hole
if you want the COMEX to be busted, then you must hope for a paper vs metal price divergence
the true price for large authenticated transactions is at least 15% to 20% higher than what COMEX says
I hear at least $2000/oz now, and at times much higher
I want a divergence to show up
I want very big coin price premiums
I therefore am ENCOURAGED BY THE SMASH DOWN
it means the Boyz are dying an unspeakably horrible death !!!
yet 90% of the dumfuk gold community is pissing and moaning like bonafide morons
they dont understand the gold market at all, after all these years
I have lost patience with most, since they are so so so unenlightened
but many colleagues I deal with and key clients are indeed enlightened
some stupidoes depend on the COMEX price for income, like total fools, some with leverage, even after MFGlobal
carry on
not meant as any insult to you unless you stare at the COMEX price all day long like a mesmerized rat
I want a divergence to show up
I want very big coin price premiums
I therefore am ENCOURAGED BY THE SMASH DOWN
it means the Boyz are dying an unspeakably horrible death !!!
yet 90% of the dumfuk gold community is pissing and moaning like bonafide morons
they dont understand the gold market at all, after all these years
I have lost patience with most, since they are so so so unenlightened
but many colleagues I deal with and key clients are indeed enlightened
some stupidoes depend on the COMEX price for income, like total fools, some with leverage, even after MFGlobal
carry on
not meant as any insult to you unless you stare at the COMEX price all day long like a mesmerized rat
the divergence is absolutely killing the banking syndicate
they are committing suicide in front of our eyes, as the East is draining planeloads of gold from them
they want to kill Western gold demand, but they have killed their own big hollow reed banks
/ jimJim sent an additional comment to me in another email:
it is pathetically humorous what is happening in gold right now
investors should be rejoicing for the death throes of the big banks
instead they are pissing & moaning, when the bankers are preparing to steal their private accounts
the nation is populated by morons
I am also linking the most ridiculous article this morning from Bloomberg about the metals being smashed. They are saying it is due to "The recovery of the economy and extended 'metals bear market!" What a LAUGH! Who would believe such B.S? Goldman is advising people to sell.
The turn in the gold cycle is quickening and investors should sell, Goldman Sachs Group Inc. said April 10.
“A combination of stronger dollar, Cyprus gold selling news and talk of quantitative easing ending later in the year all weighed on the price. We need some rationale back in the market before one thinks about getting involved again.”
As a perspective to all this "get rid of gold and silver talk being broadcast on MSM, we have the fact that I have received an email from a large dealer saying never before has it been where he could not get inventory of gold and silver, but there is no physical of the metals to be had. Then look at this site, which is a large bulk metals dealer site, Tulving and you will see "SOLD OUT" for the silver and gold.
Edit to Add 1:15 pm - I interviewed Jim this morning about the metals smash. here is the interview:
Sunday, February 17, 2013
China's Gold demand to outstrip supply by 2015 by 550 metric tons
China has a ferocious appetite for Gold now. In 2012, Hong Kong shipped 94% more gold to the mainland than they did in 2011.
They are buying all the gold they can get and China's gold councils have projected by 2015, China's demand will outstrip their supply by 550 metric tons.
There are approximately 2471 tons of gold mined annually around the world. China mines approximately 403 tons of that. That means within 2 years time China will be buying almost half the gold mined.
It is estimated they bought 832 tons of gold in 2012. Here is an article from China on that subject alone.
China 's gold consumption amounted to 832.18tonnes in 2012,an increase of 9.35percent from a year earlier ,data from China Gold Association showed Saturday .
Consumption of gold jewelry rose 10.09percent year on year to 502.75tonnes ,while those of gold bars and gold coins gained 12.22percent and 21.63percent ,respectively ,to 239.98tonnes and 25.3tonnes .
But consumption for industrial and other uses saw a drop last year ,the association said .Demand for gold has grown steadily over the years as more Chinese see it as a hedge to diversify investment risks and battle against inflation .China is currently the world 's second-largest gold consumer after India .
China produced 403.05tonnes of gold in 2012,making it the world 's largest producer for the sixth straight year ,according to previous data from the association .
Portions from article about demand: (sorry for some reason the below will not format correctly, it splits the words when published)
The country 's demand for the precious metal is expected to outstrip supply by at least 550metric tons by 2015,statistics released by several gold councils showed .
China has been the world 's biggest producer of gold for six years since 2007,with an annul output of 403tons in 2012,a year-on-year growth of 11.7percent .
A quarter-to-quarter comparison shows China 's demand for gold investment saw a 24percent increase in the fourth quarter of 2012,said Marcus Grubb ,the council 's man aging dire cto r for investment.
To meet demands for physical gold ,Hong Kong shipped 114tons of gold to the mainland in December ,a record high for monthly exports .Hong Kong 's net gold flow to the mainland jumped 47percent in 2012,totaling of 557tons .
Data from the Hong Kong Census and Statistics Department show Hong Kong 's total gold shipments to the mainland in 2012jumped 94percent from 2011to more than 832tons ,while imports were six times higher at 275tons .
You really have to wonder with China's purchases of gold and the demand so high, how is it that gold keeps getting hit and the price falls drastically as it did this last Friday.
I spoke to David Morgan from Silver-Investor.com on Friday when Gold and Silver were getting smashed about what is going on. He said that he believes they are in such a bad position of shorts that they had to smash it to get people to give up their long positions and to sell their gold and silver. We spoke about the psychology of it and getting into people's mind in giving up their gold and silver. Last year I interviewed David about that subject and the psychology of smashing metals.
I have no doubt that China loves the manipulation of Gold by the Western bankers so they can purchase at lower prices. It is said they participate in the manipulation, which would make sense, so they can keep purchasing all they can get their hands on.
The question is.... are we now getting to the point that full demand has outstripped the physical and they are playing the paper to get people to give up their physical? Is there such a shortage with countries now wanting to repatriate their gold, they are desperately smashing it for the last few times until it breaks away?
In regards to silver, there was an article two days ago on Silver Doctor about a German car manufacturer hoarding silver due to the shortages of it and the need for them to have it in manufacturing their vehicles.
Portion:
New signs of an extremely tight wholesale physical silver market have now emerged, as a first-hand account has revealed that one of the largest and most famous German automakers is hoarding massive amounts of physical silver inside one of the most secure vaults in Zurich, Switzerland.Everyone needs to ask themselves.... "Am I going to take advantage of these prices right now or am I going to give up on metals?"
I really hope that everyone makes the right decision and understands what is happening with the prices are all based on paper trades and not real physical gold and silver.
With the demand coming out of China for physical gold, (which does not include India's or Russia's appetites for Gold right now) prices will have to break out in a violent fashion one day (in the near future?). At some point the truth will have to be revealed.
Think about how in less than 2 years (by 2015) the demand in China is going to outstrip supply. This does not include any other country's demand or countries demanding their gold back.
Friday, February 1, 2013
Bill Murphy Interview with me today 2/1/13 about Gold Manipulation, Germany's Gold, Silver shortage, Chinese Yuan and numerous other discussions.
I was honored to interview Bill Murphy the founder of GATA and lemetropolecafe. We discussed Germany's Gold, China being backed by Gold, the Comex, Jp Morgan and their shorts and the class action suit that was dismissed. You will need to turn up your speakers as the audio from Bill's side is not very loud, but you will then hear me "loud and clear."
Related article - IMF confirms Chinese Yuan as "Global Reserve Currency"
Part 1 of the interview
Part 2 of the Interview
Related article - IMF confirms Chinese Yuan as "Global Reserve Currency"
Part 1 of the interview
Part 2 of the Interview
Wednesday, April 20, 2011
Pension Funds underwater throughout U.S., Why aren't they buying Physical Silver (151% increase in one year)?
When I read articles as Zerohedge has this morning, on how the Texas Teachers fund needing 21% return to have adequate funding.
I wonder who the managers are and if they watch and read the same information as I do? If they were really astute managers they would have already done what the University of Texas has done, which is buy physical metals, especially silver.
Silver in one years times has increased 151%, I do not know of another single investment that has had that type of return ever!
How can anyone argue against Silver and Gold as investments, though governments do. In fact if you remember in February the Dutch Government made a pension fund sell all the gold it had as an investment for the people.
Governments do not appreciate regular people being protected in pensions for the future in real currency and not in their games (stocks, bonds, treasury bills) they have created and manipulate.
I believe everyone who has a group pension fund from the private to the public sector needs to request the managers start investing in metals! It is the only investment that is real, stocks and bonds are being manipulated up whereas metals are being manipulated to keep them down. So what makes sense is stocks and bonds can fall a long way from their manipulations and metals being suppressed down will be going up.
This morning April 20th 7:30am est - the Silver chart from Kitco looks like this: ( one sec ago it had 151%)
Apr 20 2011 7:29AM NY Time
I wonder who the managers are and if they watch and read the same information as I do? If they were really astute managers they would have already done what the University of Texas has done, which is buy physical metals, especially silver.
Silver in one years times has increased 151%, I do not know of another single investment that has had that type of return ever!
How can anyone argue against Silver and Gold as investments, though governments do. In fact if you remember in February the Dutch Government made a pension fund sell all the gold it had as an investment for the people.
Governments do not appreciate regular people being protected in pensions for the future in real currency and not in their games (stocks, bonds, treasury bills) they have created and manipulate.
I believe everyone who has a group pension fund from the private to the public sector needs to request the managers start investing in metals! It is the only investment that is real, stocks and bonds are being manipulated up whereas metals are being manipulated to keep them down. So what makes sense is stocks and bonds can fall a long way from their manipulations and metals being suppressed down will be going up.
This morning April 20th 7:30am est - the Silver chart from Kitco looks like this: ( one sec ago it had 151%)
Apr 20 2011 7:29AM NY Time
| Bid/Ask | 44.72 | 44.74 | |
| Low/High | 44.13 | 44.83 | |
| Change | +0.76 | +1.73% | |
| 30DayChg | +8.62 | +23.88% | |
| 1YearChg | +26.90 | +150.95% |
Saturday, February 12, 2011
RED ALERT email between Metal Experts - about Confiscation of Gold and Silver by the U.S. Government - Potentially this year for a New World Currency - from Multiple High Inside Sources.
UPDATE 2/16/11 - Link to My interview 2/16/11 with Roger Wiegand about the RED ALERT email
I received an email with the words "RED ALERT". I received this from someone heavily involved and an expert in the metals and mining. I highly respect both men involved, as they know and always tell the truth about what is happening in the world of metals.
David Morgan of Silver-Investor, an absolute expert in silver and the mining field and has a wonderful and very insightful news letter. I am a member and get the newsletter due to the amount of his knowledge of silver/gold and mining. In fact, David Morgan has given me the green light to post bits of information from his paid subscription newsletter. I am thankful he is allowing that, as there is information in it that is not found any where else on the internet. His newsletter gives investment information of metals and mining as no other person I have read. I believe many benefit from the newsletter and I hope what small blurbs I reproduce here will also help others in keeping the value of their money as it is (but it is dropping fast every day - so action needs to be taken by all - in my opinion). I will start doing some postings with his insight within days. But I encourage anyone who wants to be on top of silver and mining and ahead of the game, subscribe to his newsletter!
David Morgan passed on to me a "RED ALERT" email he received from Roger Wiegand. Roger Wiegand is someone else I follow in regards to the truth and highly regard about the gold and silver markets. I love reading his articles on Kitco and his website - WeBeatTheStreet. I have had his website as a bookmark for years on my computer. A site for radio interviews with Roger, besides others like Jim Willie (who I follow, also) is Korelin Economics Report. In my opinion this is another bookmark needed for those who follow what is happening in metals closely.
Both David Morgan and Roger Wiegand are about Truth of the metals market and do not sensationalize their information. So when I received this Red Alert email, I have confidence in this actually being very real in potential.
Roger Wiegand sent out a RED ALERT email to other metal experts/analysis, due to information from multiple high level inside sources of his, of the potential of confiscation of gold and silver from the American Public, this year for a new world currency.
Roger and I have exchanged a couple of emails regarding this Red Alert, with my asking permission to publish it. He has given me the green light to release this to the public, as long as I made sure to say this is not absolute, but a potential from his high placed inside sources.
This is the email sent out - without any changes and exact!
I very much thank both David Morgan and Roger Wiegand for allowing me to post this information as I believe it will help all who read it to become aware of what is being discussed as a potential of future events.
The article in the email links to the IMF calling for a new trading currency in place of the U.S. dollar. The writing is on the wall. I just have to ask, has everyone been paying attention? Also when an email like this goes out from a very well respected metals expert to other experts in the field, everyone should sit up and pay attention!
UPDATE - 2/15/11 - David Morgan will be interviewed on the Radio today 2/15/11starting at 2pm est - Turning Hard times into Good Times with Jay Taylor. I do not know if he will be discussing this email on it. The Headline for the show is "Gold or Silver, when the Dollar crashes". UPDATE 2pm EST ***David Morgan's interview is just about to start***
UPDATE 2/17/11 - Link to My interview 2/17/11 with David Morgan regarding the RED ALERT email and Fake gold and silver issues.
I received an email with the words "RED ALERT". I received this from someone heavily involved and an expert in the metals and mining. I highly respect both men involved, as they know and always tell the truth about what is happening in the world of metals.
David Morgan
Roger Wiegand
Both David Morgan and Roger Wiegand are about Truth of the metals market and do not sensationalize their information. So when I received this Red Alert email, I have confidence in this actually being very real in potential.
Roger Wiegand sent out a RED ALERT email to other metal experts/analysis, due to information from multiple high level inside sources of his, of the potential of confiscation of gold and silver from the American Public, this year for a new world currency.
Roger and I have exchanged a couple of emails regarding this Red Alert, with my asking permission to publish it. He has given me the green light to release this to the public, as long as I made sure to say this is not absolute, but a potential from his high placed inside sources.
This is the email sent out - without any changes and exact!
RED ALERT
Editor: There is a plan to use the IMF (AKA US Treasury and Wall Street) to be the front man for the new world order and one currency. We also got disturbing news yesterday from an impeccable source that when gold touches $2,000 it’s confiscated in the USA for about $200. Then it’s to be reissued by the Treasury for $10,000 per ounce to back the new IMF world currency using SDRS in 2011. Large physical gold is being moved to Canada. http://money.cnn.com/2011/02/10/markets/dollar/index.htm
I very much thank both David Morgan and Roger Wiegand for allowing me to post this information as I believe it will help all who read it to become aware of what is being discussed as a potential of future events.
The article in the email links to the IMF calling for a new trading currency in place of the U.S. dollar. The writing is on the wall. I just have to ask, has everyone been paying attention? Also when an email like this goes out from a very well respected metals expert to other experts in the field, everyone should sit up and pay attention!
UPDATE - 2/15/11 - David Morgan will be interviewed on the Radio today 2/15/11starting at 2pm est - Turning Hard times into Good Times with Jay Taylor. I do not know if he will be discussing this email on it. The Headline for the show is "Gold or Silver, when the Dollar crashes". UPDATE 2pm EST ***David Morgan's interview is just about to start***
Saturday, October 9, 2010
Got Metals? IMF failed to Stop Currency War - Countries Plan on Devaluing their Currency! Gosh Watch Gold and Silver I am sure their response will be Interesting, to say the least!
2ND UPDATE 10/10/10
Portion:
Policy makers seemed to be trying to diminish concerns about currency wars,” said Steven Englander, head of Group of 10 currency strategy at Citigroup Inc. in New York. “There did not seem any commitment to change behavior, however. There is little to suggest that the dollar’s direction is anything but down.” Wow, can't believe they allowed that to be printed, due to that being contrary to what the U.S. government and Fed and Treasury keep saying!
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Well it seems a full blown currency war may commence soon. IMF failed to get countries around the world to see the light and not start one. They totally Struck out! All the countries want to stay competitive in exports of their goods.-------------------------------------------------------------------------------------------------
I have ONE QUESTION FOR YOU...................................... GOT GOLD AND SILVER?
Article:
Tuesday, September 14, 2010
Can CFTC VOID All Gold and Silver Prices From Today? Sept. 14 2010 - They say Phantom orders
UPDATE - 11:13PM - I spoke with someone who had their futures broker call the CFTC and ask them what this was about. They wanted an explanation of what the full meaning of this article was. CFTC only said they are looking into it and will decide what to do. The broker has put more feelers out to those who really know information. But, the guess is, they are putting this information out, in case they need to take back all the gains of the metals in a few days time. So, they can say "it went up due to mistakes and not real orders". I will keep watching for any information on this.
Added to Update - The broker said, mistake orders are put in everyday, but they are not publicized, so he feels this is suspicious and thinks they released it, to possibly fall back on it - for adjustment of prices later this week, if need be.
_____________________________________________________________
We have a day where both Gold and Silver are rising fast! What a Great Day! NOW - CFTC has just come out saying "Phantom Orders" have been placed in the Energy sector!
They are saying due to Rule 587 they can void all orders!
CME Group Inc., the world’s largest futures market, said it will treat inadvertently placed energy and metals trades yesterday as ‘phantom orders,’ though none of the transactions were canceled.
CME detects such trades its powers allow “including without limitation, closing the market, deleting bids and offers, and/or suspending new bids and offers,” according to Rule 587.
Are they having this problem because they have not been able to contain the longs and orders on Gold and Silver, thus they can make ALL orders void and null? They know the shorts can not cover the longs asking for delivery? They were not able to control the price action today, so they are going to make all the price action become null and void?
I want to know what they really mean in this article, as they imply quite a bit in it.
Also, oil has gone down .80 today - the ONLY thing that has risen high are metals. They sure didn't do this when Oil was going sky high to $140 a barrel 2 years ago. OH, but that was okay - all on false future orders, as it made the big corporations Huge Money! Yet, they can't let metals go up, because that shows confidence in Fiat money is not there!
SO, the Big question is: Will they Wipe out today's Gains in the Metals? Lets watch and see what the outcome of this article is and what the full meaning of why they released this article in the first place.
Added to Update - The broker said, mistake orders are put in everyday, but they are not publicized, so he feels this is suspicious and thinks they released it, to possibly fall back on it - for adjustment of prices later this week, if need be.
_____________________________________________________________
We have a day where both Gold and Silver are rising fast! What a Great Day! NOW - CFTC has just come out saying "Phantom Orders" have been placed in the Energy sector!
They are saying due to Rule 587 they can void all orders!
CME detects such trades its powers allow “including without limitation, closing the market, deleting bids and offers, and/or suspending new bids and offers,” according to Rule 587.
Are they having this problem because they have not been able to contain the longs and orders on Gold and Silver, thus they can make ALL orders void and null? They know the shorts can not cover the longs asking for delivery? They were not able to control the price action today, so they are going to make all the price action become null and void?
I want to know what they really mean in this article, as they imply quite a bit in it.
Also, oil has gone down .80 today - the ONLY thing that has risen high are metals. They sure didn't do this when Oil was going sky high to $140 a barrel 2 years ago. OH, but that was okay - all on false future orders, as it made the big corporations Huge Money! Yet, they can't let metals go up, because that shows confidence in Fiat money is not there!
SO, the Big question is: Will they Wipe out today's Gains in the Metals? Lets watch and see what the outcome of this article is and what the full meaning of why they released this article in the first place.
Wednesday, July 21, 2010
Adrian Douglas - Proof of Gold Manipulation - Price of Gold Should Be $54,000 Per Ounce! Also another Article - Massive Fraud in Silver!
Adrian Douglas has laid out the Price Manipulation of Gold, in doing so, he has said the Price should in effect be $54,000 per Ounce right now.
It is a shell game being played. He uses the analogy with Wine in place of Gold in explaining how it is done.
If people would take their physical Gold instead of accepting the paper gold it would be broken.
What I have found interesting is a report out today that over 6 Tonnes of Gold has decreased from the SPDR GLD fund. Does that mean people are getting out of paper and into physical? I hope so.
This Blog - Harvey Organ - does an Awesome job of letting us know what is going in and out of the Metal Comex warehouse. I highly suggest reading his blog, to keep up with the numbers and other information about Metals.
This information about the Silver Market - is a MUST READ! It is simply Outrageous the amount of manipulation of the Silver Market. The fact is 90% of all Silver has been used and the physical is not there. Silver is used in many industries and there is actually very little silver left. If you don't have Silver, it is advisable to buy some. Please Read this information.... Inventory Fraud Increases in Silver.
It is a shell game being played. He uses the analogy with Wine in place of Gold in explaining how it is done.
If people would take their physical Gold instead of accepting the paper gold it would be broken.
What I have found interesting is a report out today that over 6 Tonnes of Gold has decreased from the SPDR GLD fund. Does that mean people are getting out of paper and into physical? I hope so.
This Blog - Harvey Organ - does an Awesome job of letting us know what is going in and out of the Metal Comex warehouse. I highly suggest reading his blog, to keep up with the numbers and other information about Metals.
This information about the Silver Market - is a MUST READ! It is simply Outrageous the amount of manipulation of the Silver Market. The fact is 90% of all Silver has been used and the physical is not there. Silver is used in many industries and there is actually very little silver left. If you don't have Silver, it is advisable to buy some. Please Read this information.... Inventory Fraud Increases in Silver.
Tuesday, April 13, 2010
Thursday, August 27, 2009
Well, the Long Awaited FDIC 2nd Quarter Report, Finally came out today - Media is on it - But not honest
We finally got the 2nd quarter report from the FDIC today. Surprising enough, the media is actually reporting information about it. BUT they are not being honest. Yes, they are saying there are 416 banks in trouble, as they failed the FDIC's grading.
What they are using though, is the FDIC amount on hand from June 30th - in their reporting. In other words they are saying the FDIC has X amount of billions of dollars, using how much was in the fund from June. They are NOT being honest and saying the FDIC is underwater at about 5 Billion right now. The media is not mentioning the banks that have been taken over since June 30th, which has been quite a few.
Also, when you hear the number of banks that have been taken over this year (81) and the media says it is not as bad, as the depression and the 80's. They are again Not being honest, they are not saying how many branches and actual locations are involved. Care to take a guess?
Try 3000+ branches of banks, that have actually been taken over by the FDIC this year. That is a lot different than the 81, the media likes to mention.
When people tell me, they won't believe something, until MSM reports on it, I want to say "I will never believe, anything the MSM says - as they are run by the PTB". They have their own agenda and part of that agenda is protecting the government and the PTB, not the people. They are reporting dishonestly to the public.
The fact is, the FDIC does not nearly have enough money to cover what could amount to Trillions of dollars in bank failures.
Link to one article:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aKrqdLil0pGI
A total of 416 banks with combined assets of $299.8 billion failed the Federal Deposit Insurance Corp.’s grading system for asset quality, liquidity and earnings, the most since June 1994, the Washington-based FDIC said in a report today. Regulators didn’t identify companies deemed “problem” banks.
The FDIC insures deposits at 8,195 institutions with $13.3 trillion in assets. The agency is a state-bank regulator that insures bank customer deposits, helps find buyers for failing banks and liquidates lenders that have collapsed.
Did you get that part about 13.3 Trillion dollars?
Oh, I turned on the news (which I don't do anymore) to see what they were saying about the FDIC. I was completely Flabbergasted - when a CNN reporter said "The stock market, did well today, due to the good financial news out". I thought to myself... wow, they really do have people fooled.
Are you listening to those corporations, who benefit from not getting the complete truth to you?
As I see it, they have held off the flood gates very well and have covered the public's eyes to what is really happening here in the U.S.. The problem is, people around the rest of the world, knows what is really going on.
The Fed is buying the U.S. T-bills, in a round about way and not disclosing it.
Information little by little is leaking out about that. What is also happening, is information about how the rest of the world feels about the dollar is starting to see the light of day also in the American press.
link to Wall Street Journal - The rest of the World questions the Dollar
http://online.wsj.com/article/SB125122938682957967.html
Investors and economists have long harbored concerns about the dollar's decline, especially in the beginning of this decade as the federal government and consumers ran up their debtloads to finance everything from foreign wars to flat-screen TVs. Last fall's financial crash suggested that such fears may be overblown: As markets plunged in the wake of the collapse of Lehman Brothers Holdings Inc., investors scrambled to stash their cash in U.S. Treasury bills, perceiving them to be the safest investments. That boosted the value of the U.S. dollar against many of its major counterparts.
Now, though, major investors like Berkshire Hathaway Inc. Chairman Warren Buffett and bond investment firm Pimco fear the government's fiscal and monetary stimulus programs could end up fueling inflation in coming years and hammering the dollar. Higher inflation eats up the returns of bond investments that provide a fixed interest income, making them less attractive to investors. Less demand for U.S. bonds could mean a weaker dollar.
We already know the bonds are not selling well and the Fed is actually buying them, through Central Banks. They are making deals of trades, thus the printing presses are running overtime to print the money up to buy the bonds.
The game can only go on, so much longer. Also, the Shorting game of metals, seems to be getting a little weaker now. The players were profitting over $200 per ounce with their shorts at the end of last year and the beginning of this year. They are now only making around a $80 profit per ounce now. There are still tremendous amounts of shorts against the metals, but the longs are starting to come up stronger.
I would bet, it will be sooner than later, people start getting worried again about the economy and the banking situation, even though the media is not fully disclosing the truth.
Games can only go on for so long, until everyone starts realizing there is a game being played.
Here are my predictions:
The market is going to start a Free fall in about 2 weeks
Gold is probably about at it's lowest point it will ever be again.
(When the game of shorts is up on the metals, they will skyrocket, when people realize too late, they need them to protect themselves 'value of dollar, at this point' - they won't be available)
I will say once again, "If you have not purchased metals to protect yourself, than you are not paying attention to what is Really happening".
Two Words:
Buy Metals (my opinion - Silver is better - actually more rare than gold, used for more things and will have a bigger percentage of increase, thus more money will be made over all).
What they are using though, is the FDIC amount on hand from June 30th - in their reporting. In other words they are saying the FDIC has X amount of billions of dollars, using how much was in the fund from June. They are NOT being honest and saying the FDIC is underwater at about 5 Billion right now. The media is not mentioning the banks that have been taken over since June 30th, which has been quite a few.
Also, when you hear the number of banks that have been taken over this year (81) and the media says it is not as bad, as the depression and the 80's. They are again Not being honest, they are not saying how many branches and actual locations are involved. Care to take a guess?
Try 3000+ branches of banks, that have actually been taken over by the FDIC this year. That is a lot different than the 81, the media likes to mention.
When people tell me, they won't believe something, until MSM reports on it, I want to say "I will never believe, anything the MSM says - as they are run by the PTB". They have their own agenda and part of that agenda is protecting the government and the PTB, not the people. They are reporting dishonestly to the public.
The fact is, the FDIC does not nearly have enough money to cover what could amount to Trillions of dollars in bank failures.
Link to one article:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aKrqdLil0pGI
A total of 416 banks with combined assets of $299.8 billion failed the Federal Deposit Insurance Corp.’s grading system for asset quality, liquidity and earnings, the most since June 1994, the Washington-based FDIC said in a report today. Regulators didn’t identify companies deemed “problem” banks.
The FDIC insures deposits at 8,195 institutions with $13.3 trillion in assets. The agency is a state-bank regulator that insures bank customer deposits, helps find buyers for failing banks and liquidates lenders that have collapsed.
Did you get that part about 13.3 Trillion dollars?
Oh, I turned on the news (which I don't do anymore) to see what they were saying about the FDIC. I was completely Flabbergasted - when a CNN reporter said "The stock market, did well today, due to the good financial news out". I thought to myself... wow, they really do have people fooled.
Are you listening to those corporations, who benefit from not getting the complete truth to you?
As I see it, they have held off the flood gates very well and have covered the public's eyes to what is really happening here in the U.S.. The problem is, people around the rest of the world, knows what is really going on.
The Fed is buying the U.S. T-bills, in a round about way and not disclosing it.
Information little by little is leaking out about that. What is also happening, is information about how the rest of the world feels about the dollar is starting to see the light of day also in the American press.
link to Wall Street Journal - The rest of the World questions the Dollar
http://online.wsj.com/article/SB125122938682957967.html
Investors and economists have long harbored concerns about the dollar's decline, especially in the beginning of this decade as the federal government and consumers ran up their debtloads to finance everything from foreign wars to flat-screen TVs. Last fall's financial crash suggested that such fears may be overblown: As markets plunged in the wake of the collapse of Lehman Brothers Holdings Inc., investors scrambled to stash their cash in U.S. Treasury bills, perceiving them to be the safest investments. That boosted the value of the U.S. dollar against many of its major counterparts.
Now, though, major investors like Berkshire Hathaway Inc. Chairman Warren Buffett and bond investment firm Pimco fear the government's fiscal and monetary stimulus programs could end up fueling inflation in coming years and hammering the dollar. Higher inflation eats up the returns of bond investments that provide a fixed interest income, making them less attractive to investors. Less demand for U.S. bonds could mean a weaker dollar.
We already know the bonds are not selling well and the Fed is actually buying them, through Central Banks. They are making deals of trades, thus the printing presses are running overtime to print the money up to buy the bonds.
The game can only go on, so much longer. Also, the Shorting game of metals, seems to be getting a little weaker now. The players were profitting over $200 per ounce with their shorts at the end of last year and the beginning of this year. They are now only making around a $80 profit per ounce now. There are still tremendous amounts of shorts against the metals, but the longs are starting to come up stronger.
I would bet, it will be sooner than later, people start getting worried again about the economy and the banking situation, even though the media is not fully disclosing the truth.
Games can only go on for so long, until everyone starts realizing there is a game being played.
Here are my predictions:
The market is going to start a Free fall in about 2 weeks
Gold is probably about at it's lowest point it will ever be again.
(When the game of shorts is up on the metals, they will skyrocket, when people realize too late, they need them to protect themselves 'value of dollar, at this point' - they won't be available)
I will say once again, "If you have not purchased metals to protect yourself, than you are not paying attention to what is Really happening".
Two Words:
Buy Metals (my opinion - Silver is better - actually more rare than gold, used for more things and will have a bigger percentage of increase, thus more money will be made over all).
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