Beiträge von bullionbulls

This time the "big news" comes from my own Criminal Government...

Canadian Government Blows-Up Housing Bubble

Stephen Harper’s Ultimate Crime is almost complete.

His campaign to destroy Canada’s economy began with his relentless, meticulous efforts to duplicate the disastrous U.S. housing bubble in Canada (along with piling up years of record deficits). We can be absolutely certain of Harper’s criminal intent here because he chose to duplicate the U.S. housing bubble in Canada after that market had already collapsed in an orgy of fraud-and-foreclosure.

But creating a bubble he intended to blow-up was only Harper’s first step in this malevolent plan. Step Two was preparing for after he blew-up his own bubble. Canada is the first – and only – Western nation to write “bail-in” provisions into its own, current budget.

For those readers, who were snoozing during the Cyprus Steal (and the details revealed about that crime in its aftermath); let me refresh your memories. The governments of Europe (under the control/direction of the One Bank) staged a carefully-planned “bank robbery” in Cyprus.

Of course it wasn’t the bank which was robbed. It was the bank which was doing the robbing (with the assistance of the Cyprus government), and the innocent depositors who were “held up” – after all the Big Money had been quietly warned to move their wealth out of Cyprus banks.

Immediately after this bank-robbery, we had the Corporate Media, the banking cabal, and the Traitor Politicians all proclaim that “a precedent had been set”; and they all immediately went about setting up their own “bail-in” frameworks, so they could rob their own populations. Some Western nations have done this surreptitiously, but not Stephen Harper.

Not only did Harper plant “bail-in” rules right into Canada’s most-recent budget, he explicitly stated that these rules were “based on” the template written by the One Bank itself, via one of its mouthpiece organizations, the (cynically titled) “Financial Stability Board”. Regular readers are familiar with my analysis of that policy-paper (No Paper Is Safe From A Bail-In: FSB):

6.5 As a last resort…some countries may decide to have a power to…recover any losses incurred by the state from unsecured creditors or, if necessary, the financial system more widely. [emphasis mine]

That’s right. The bail-in rules Stephen Harper planted into Canada’s Budget allow the government to steal any kind of paper out of any kind of account, from any part of the Canadian financial system. As I said at the beginning, “Ultimate Crime.”...

Full commentary: http://www.bullionbullscanada.…t-blows-up-housing-bubble

The Pareto Threshold

Those who cannot remember the past are condemned to repeat it.

- George Santayana 1863 – 1952

Human history is a depressing cycle of repetition. Societies/economies rise; societies/economies crumble. The patterns of these cycles are virtually identical, yet living through thousands of years of this “history”, we have learned nothing.

Indeed, our understanding (and thus our “memory”) of history is worse than useless, as it is characterized by fundamental misconceptions which guarantee the repetition of this Cycle of Futility.

Ironically, just a few years before Santayana’s time, an economist (and Jack-of-all-trades) named Vilfredo Pareto was born (1848 – 1923) in Italy. Pareto himself was not a “thinker” he was an observer. What Pareto observed around him was that he quite often encountered bizarre “80/20 splits” in the allocation of a particular resource (or resources), where a 20% minority held an (inverse) 80% share – while the 80% majority held only a 20% share.

Pareto remains blameless in History. He merely reported what he observed. It was the idiot-economists who came after him who took his data and managed to pervert it into the most-preposterous conclusion which one could draw from Pareto’s observations: the “Pareto Principle”.

The economic zealots who propound this pseudo-science assert that this grossly disproportional allocation of resources is, in fact, an “equilibrium”. Thus the supporters of this Great Myth assert that such an unequal, 80/20 allocation of resources is actually (supposedly) appropriate, and thus the Pareto Principle is often expressed instead as “Pareto equilibrium.”

Within these Zealots is a cadre of extremists who take this idiocy an order of magnitude further. Not only do they presume these 80/20 splits to represent “equilibrium”, but they actually insist that such a division is optimal. Thus to the extreme Zealots, the Pareto Principle is simply the expression of “Pareto optimality”; that an unequal 80/20 division of resources is not merely appropriate – but it is an ideal to which we should aspire.

Clearly none of these economic Zealots ever heeded the warning of Santayana, and learned their history. If they had done so (with any diligence), then undoubtedly they would have come across another “principle”, nearly 2,000 years older than the observation put forth by Pareto, from a Greek philosopher named Plutarch, who was living in Rome at the time.

The Plutarch Principle was not only considered “wisdom” in its own time (and thus has survived 2,000 years), it has been confirmed again and again and again since then by our Cycle of Futility:

“An imbalance between rich and poor is the oldest and most fatal ailment of all Republics.”

Two thousand years ago, it was old news that a grossly disproportionate allocation of wealth was not “optimal”, but rather suicidal. Two thousand years ago, it was old news that the Pareto Principle was nothing more than a recipe for disaster...

Full commentary: http://www.bullionbullscanada.…6295-the-pareto-threshold

A Preemptive Rebuttal Against Silver Confiscation

As all regular readers know, we live in lawless societies – at least “lawless” for any/all individuals or entities encompassed by the crime syndicate known as the One Bank. When the One Bank wishes to perpetrate a particular crime, it now acts with impunity, and then either before or after-the-fact the Corporate Media (subsidiary of the One Bank) simply invents some pretext or excuse for the crime, and drowns out all attempts to promote the Truth.

This modus operandi is now such a deeply ingrained pattern of behavior that it becomes possible to predict how the One Bank will perpetrate a particular crime – even if we can’t be certain of when (or even if) the crime will take place. So it is with silver confiscation.

Should the One Bank choose to engage in silver confiscation (again), this is a strategy which today is problematic, at best. Thus simple cost/benefit analysis may ultimately weigh against such an act. But if it should once again seek to “confiscate” (i.e. steal) the silver of ordinary people (in order to bail itself out of crimes previously committed in this sector), we can say with certainty the precise tactics which will be employed.

Rather than attempt to rebut silver confiscation at the time of “the crime” – and be drowned-out with denials by literally a ratio of a thousand-to-one – the time to rebut such an act is before it takes place, when there is no tidal-wave of propaganda submerging this message.

In the case of silver confiscation, where there are no legitimate arguments which can be advanced; there are even only two false-arguments which it is possible for the propaganda machine to construct:

1) Silver confiscation will “save jobs.”

2) Silver investors will be (savagely) demonized as “hoarders” and “speculators”, and thus deserving of having their silver stolen from them.

As anyone who understands the silver market (and has some familiarity with economics) knows, the industrial demand for silver is highly “inelastic.” In other words, no matter how high the price soars; those industrial users will continue using silver – and continue selling their silver-based products.

Why is this so? Because in most of these industrial applications, (precious) silver is only used in small quantities. Thus even if the price of silver soared to many multiples of its current price, it would have only a (relatively) small impact on the end price of consumer goods – meaning that a rising price of silver would never/could never “threaten jobs.”...

Full commentary: http://www.bullionbullscanada.…ainst-silver-confiscation

No One Wants Paper-Called-Gold

The Great Paper Liquidation continues. While the stampede out of the banksters’ fraudulent paper-called-gold products has eased from its frantic pace of a couple of months earlier, the bleeding continues.

The largest of these banker-scams, the SPDR Gold Trust (GLD) has seen its holdings plummet below 1,000 “tonnes”, the lowest level of holdings since 2009, representing a greater-than-25% collapse. Many of the (larger) holders have been redeeming/converting their paper for real bullion – as demonstrated by the even greater collapse in Comex gold inventories.

However simply redeeming bullion is a price-neutral event. With the near 25% collapse in the price of paper gold; obviously most of the action by the unit-holders of these fraud-funds has simply been selling.

This brings us to the interesting/incongruous news that the bullion banks themselves are currently “net long” paper-called-gold. Many readers (and even some commentators) have interpreted this as inferring that the banksters are positioning themselves long in anticipation of the next rally. My own interpretation of this propaganda is quite opposite.

First of all, there has been no reported change in the banksters’ net-short status in the silver market, where there has been no massive flight out of paper-called-silver. This tells us two things.

The gold and silver markets are now totally correlated, thanks to the ultra-manipulative trading algorithms of the banksters themselves. Where one metal goes, the other must follow. As a result it makes absolutely no sense strategically for the banksters to be net-long in gold and net-short in silver – the two bets cancel each other out.

This brings us to the other “truth” revealed by the fact that the bullion banks are still net-short in silver. With the propaganda machine having frightened any/all new buyers out of the gold market; there were no buyers for all of the units of paper-called-gold being dumped onto the market by panicked sellers…except the bullion banks themselves.

Why are the banksters “net long” in the gold market, while still decidedly short in the silver market? Because in the silver market they weren’t (effectively) forced to soak-up millions of units of their own paper-fraud products. As the Chumps bailed-out of GLD, meet the new Chumps: the bullion banks themselves...

Full commentary: http://www.bullionbullscanada.…e-wants-paper-called-gold

Gold, Silver, and Hyperinflation

Most commentators in the precious metals sector still are not treating hyperinflation as a likely scenario -- as “competitive devaluation” continues to relentlessly drive all of this paper to zero. I can prove this. How? Because these commentators continue to issue (long term) “price targets” for gold and silver.

Indeed, many articles discuss “revaluing” gold at some arbitrary number as some Final Solution to fix these broken markets. Revaluing? Clearly a reminder of the definition of hyperinflation is in order.

Paper goes to zero (near-zero). Prices for hard assets go to infinity (near-infinity). Not “5,000.” Not “10,000.” Not even “100,000.” We are no longer talking about “high prices.” We are talking about Zimbabwe prices.

(Western) money-printing is increasing exponentially. Sovereign debt amongst these Western Deadbeat Debtors is increasing exponentially. Exponential curves only have one, possible ending: things blow up. The explosion of sovereign debt will (must) result in debt-default – and Debt Jubilee. The explosion of money-printing will (must) result in full-fledged hyperinflation.

[Blockierte Grafik: http://www.bullionbullscanada.…ybase_fredgraphjuly13.png]

The only “question” here is which will come first...

Full commentary: http://www.bullionbullscanada.…silver-and-hyperinflation

Zitat von Edel Man

Diese Info ist sehr bemerkenswert: GFMS-- die es tatsächlich am besten wissen müßten -- widerspricht einer Rückkehr der Goldproduzenten zu vermehrtem Hedgen, wie sie gegenwärtig diskutiert wird: In ihrer Vorschau dehedgen diese weiter wie bisher, trotz des scharfen Preisverfalls.

Dies bestätigt meine Vermutung, daß diese Meldungen gezielte Propaganda sprich Goldbashing seien. Unbeschadet, daß im EINZELFALL Goldminen tatsächlich hedgen oder auch auf Druck von Geldgebern hegden müssen.....

Kürzlich wurde hier von einem User vehement die Meinung vertreten, gestützt durch einige Pressemeldungen, daß Minen zunehmend ihre Produktion hedgen mit Einfluß auf den Goldpreis (fallend).

"..Gold mining companies took advantage of Jan-June's drop in prices to reduce their hedge book, analysis from Thomson-Reuters GFMS said Thursday....

On top of the 11 tonnes bought back in the first 3 months of the 2013, "During the second quarter miners took the opportunity to reduce hedge cover further as the gold price fell sharply," says the Global Gold Hedge Book Analysis, identifying another 17 tonnes of de-hedging between April and June.

"Contrary to recent talk of a return to gold miner hedging by other analysts, "We forecast that producer activity will remain on the side of net de-hedging for the year," GFMS adds, "despite the sharp fall in price."

http://news.goldseek.com/GoldSeek/1374759089.php

Grüsse
Edel

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Yes Edel Man, I noticed that news also -- and laughed.

The hope of these Liars was that by writing (and pretending) that "the miners were re-hedging" that this alone would get the suit-stuffers managing these companies to begin a new era of hedging.

...and now the sequel to my last commentary. It doesn't get any more important than this.

The One Bank

In 1980, in an infamous episode of “American Justice”; the Hunt Brothers were charged (and convicted) with attempting to “corner the silver market” – i.e. an attempt to monopolize it. At the time prosecution commenced, the Hunt Brothers had only managed to acquire less than 20% of total global inventories.

Nonetheless, given the strict provisions of our anti-trust laws this was a violation. In this one (relatively tiny) market; even a 20% concentration by a single entity is considered unacceptable. But that was when our governments were less-corrupt, and still enforced these laws on at least a semi-regular basis.

Flash ahead to 2013, and readers of my previous commentary were presented with the earth-shattering findings of a trio of Swiss researchers:

In detail, nearly 4/10 of the control over the economic value of [all transnational corporations] in the world is held, via a complicated web of ownership relations, by a group of 147 [transnational corporations] in the core, which has almost full control over itself. The top holders within the core can thus be thought of as an economic “super-entity” in the global network of corporations. A relevant additional fact at this point is that ¾ of the core are financial intermediaries. [emphasis mine]

In 1980, it was intolerable for one entity to have even a 20% share of one, small market. In 2013, the same cabal of (Western) governments has allowed a “super-entity” to acquire double that share – not of a single (small) market, or a whole sector, or even an entire economy. Rather, this is a single “super-entity” with 40% control of everything.

Of course when these researchers coined their term “super-entity”, they had no need of inventing new terminology. The word they were searching for was “monopoly”: a single monopoly with 40% control over the entire global economy...

Full commentary: http://www.bullionbullscanada.…entary/26287-the-one-bank

This is arguably the most-important commentary I have ever written (until the sequel). The data (and findings) is unequivocal....

The Death of Competition: Oligopolies Unmasked

...As they sifted through their database of 37 million entries, they eventually located the “needles” in this haystack. What they call the “largest connected component” (LCC) effectively encompasses about ¾ of the global economy – presumably all of the most prosperous/affluent segments of the global economy.

Within this LCC, we discover that:

only 737 top holders accumulate 80% of the control…

These 737 “top holders” are primarily all corporate shells, but also include a handful of individual Oligarchs (who are not identified in the research).

Understand that these are by no means “independent” corporations. Rather, this is a heavily “interlocked” network of corporate fronts; characterized by massive “cross-ownership” (i.e. they all own each other).

Thus when the researchers refer to the 737 corporate entities which (effectively) control roughly 80% of the global economy; what they are actually referring to is a handful of clusters within this collection of 737 corporate fronts: the oligopolies.

How small is the handful of oligopolies which has effective control of ¾ of the global economy? The researchers provide us with one horrifying/extreme example, what they refer to as “the core”:

In detail, nearly 4/10 of the control over the economic value of TNC’s [transnational corporations] in the world is held, via a complicated web of ownership relations, by a group of 147 TNC’s in the core, which has almost full control over itself. The top holders within the core can thus be thought of as an economic “super-entity” in the global network of corporations. [emphasis mine]

Let me reiterate this stunning conclusion. A single, economic “super-entity” by itself controls roughly 40% of the global economy. When the researchers refer to a “super-entity” which “has almost full control over itself”, what they are discussing is no longer really an oligopoly at all – but rather a monopoly.

One monopoly already effectively controls 40% of the global economy, along with a handful of mega-oligopolies which control another 40% chunk...

Full commentary: http://www.bullionbullscanada.…-the-death-of-competition

Three Reasons Why The USD Is Already Worthless

...The poster-child for all this worthless banker-paper is obviously the U.S. dollar. As the world’s declining “reserve currency”; the U.S. dollar has fundamentals of worthlessness not shared by any of this other fiat paper.

Sadly, the clearest, most-unequivocal indicator of USD worthlessness is one which continues to be overlooked by commentators inside and outside the sector; despite having presented this (tautological) argument in a previous commentary (0% Interest Rate = Worthless Dollar; February 2011).

The fundamentals here are just simple arithmetic. The U.S. dollar is currently produced at “zero cost” (the definition of a 0% interest rate). The U.S. dollar is being cranked-out in essentially infinite quantities. Any good produced at zero cost and in infinite quantities must be worthless.

If this was not the case; any Intelligent Actor in markets would borrow/produce infinite quantities of the zero-cost good, and use it to “buy” (i.e. steal) all of the world’s assets. Indeed, this is precisely what Western banksters are attempting to perpetrate with their endless stacks of fiat paper – except that recently they have had to dedicate most of those stacks of new paper to simply forestalling their own bankruptcy (by buying up their own, fraudulent bonds and debts).

This brings us to the second fundamental of worthlessness of the U.S. dollar: the obvious bankrupt status of the U.S. economy. For years, readers have read in my commentaries and elsewhere that the U.S. is so hopelessly insolvent that it is fundamentally bankrupt today.

All it would take to compel a declaration of bankruptcy is for the U.S. government to account for its debts/obligations in the same manner legally required of all U.S. corporations (U.S. Is Bankrupt And We Don’t Even Know It: Laurence Kotlikoff; August 2010):

…delve deeper, and you will find that the IMF has effectively pronounced the U.S. bankrupt…“closing the fiscal gap requires a permanent annual fiscal adjustment equal to about 14 percent of U.S. GDP.”

…So the IMF is saying that closing the U.S. fiscal gap, from the revenue side, requires, roughly speaking, an immediate and permanent doubling of our personal-income, corporate and federal taxes as well as payroll levy set down in the Federal Insurance Contribution Act.

…Based on the CBO’s [Congressional Budget Office] data, I calculate a fiscal gap of $202 trillion, which is more than 15 times the official debt. [emphasis mine]...

Full commentary: http://www.bullionbullscanada.…-usd-is-already-worthless

Three Reasons Why The USD Is Already Worthless

...The poster-child for all this worthless banker-paper is obviously the U.S. dollar. As the world’s declining “reserve currency”; the U.S. dollar has fundamentals of worthlessness not shared by any of this other fiat paper.

Sadly, the clearest, most-unequivocal indicator of USD worthlessness is one which continues to be overlooked by commentators inside and outside the sector; despite having presented this (tautological) argument in a previous commentary (0% Interest Rate = Worthless Dollar; February 2011).

The fundamentals here are just simple arithmetic. The U.S. dollar is currently produced at “zero cost” (the definition of a 0% interest rate). The U.S. dollar is being cranked-out in essentially infinite quantities. Any good produced at zero cost and in infinite quantities must be worthless.

If this was not the case; any Intelligent Actor in markets would borrow/produce infinite quantities of the zero-cost good, and use it to “buy” (i.e. steal) all of the world’s assets. Indeed, this is precisely what Western banksters are attempting to perpetrate with their endless stacks of fiat paper – except that recently they have had to dedicate most of those stacks of new paper to simply forestalling their own bankruptcy (by buying up their own, fraudulent bonds and debts).

This brings us to the second fundamental of worthlessness of the U.S. dollar: the obvious bankrupt status of the U.S. economy. For years, readers have read in my commentaries and elsewhere that the U.S. is so hopelessly insolvent that it is fundamentally bankrupt today.

All it would take to compel a declaration of bankruptcy is for the U.S. government to account for its debts/obligations in the same manner legally required of all U.S. corporations (U.S. Is Bankrupt And We Don’t Even Know It: Laurence Kotlikoff; August 2010):

…delve deeper, and you will find that the IMF has effectively pronounced the U.S. bankrupt…“closing the fiscal gap requires a permanent annual fiscal adjustment equal to about 14 percent of U.S. GDP.”

…So the IMF is saying that closing the U.S. fiscal gap, from the revenue side, requires, roughly speaking, an immediate and permanent doubling of our personal-income, corporate and federal taxes as well as payroll levy set down in the Federal Insurance Contribution Act.

…Based on the CBO’s [Congressional Budget Office] data, I calculate a fiscal gap of $202 trillion, which is more than 15 times the official debt. [emphasis mine]...

Full commentary: http://www.bullionbullscanada.…-usd-is-already-worthless

Indian Gold-Imports Drop; Bankster Supply Problems Remain

The Corporate Media was eager to trumpet the news that “an official source” claims gold imports into India fell from (a revised) 162 tonnes in May to 31.5 tonnes in June. However, this bearish headline came with a caveat: everyone expects the official number to bounce right back up again – thanks to the banksters knocking prices back toward recent lows.

Even with “premiums” and import duties, gold is once again “on sale” in India. While the gold import number for June is likely just an aberration; there are numerous other reasons why bankster panic over diminishing supply can only continue to increase.

First of all, we have several reasons to be suspicious of this supposedly “official” number concerning India’s gold imports. We need look no further back than May for reasons to doubt this report. India’s government originally reported its gold imports at a massive 262 tonnes. However, when that number drew a reaction of (bullish) shock from the market; the government immediately revised the number down to 162 tonnes.

It claimed the original report had been a “mistake”; a typo in an official government release, from a nation of more than ¾ of a billion people. Here it’s important to be aware of the intimidation being directed against the duplicitous government of India.

As previously noted; media/bankster claims that India has “a large current account deficit” are nothing but a lie; an accounting sham created by treating gold as a commodity not a currency – despite the fact that these same banksters always treat their own gold as a currency. In the world of bankster hypocrisy; when they hold gold it’s “money”; but when we hold gold it’s only a commodity.

However the pretext of a “current account deficit” is allowing the banking cabal to manipulate the value of the Indian rupee lower in global currency markets. This (naturally) raises “inflation” domestically in India; putting tremendous pressure on the Indian government. This is the bankster leverage which has caused India’s government to turn on its own people and attack its domestic gold market...

Full commentary: http://www.bullionbullscanada.…er-supply-problems-remain

Zitat von auratico

Auf Englisch, weil eine Antwort auf einen Beitrag von bullionbulls:

Because of the importance of the matter, it is absolutely necessary not to come up with sensationalist rumours but with hard facts. The LME, owned by a Chinese company based in Hongkong, has contracts with a network of 765 warehouses in 36 locations worldwide and does not sell any gold or silver on its own. But they are storing hundreds of thousands tons of an industrial metal known as copper. The delivery chain and wholesale logistics of industrial metals with shiploads of material is totally different from the storage of gold. Some of these warehouses may or may not store also gold or silver on behalf of other customers like local refiners or, who knows, even the LBMA.

If you want to do a favor to the gold community please get your research done properly. It is not the time for more rumours from precious metals newsletter writers with no first hand knowledge at hand.

So how much gold in the form of London delivery bars is withdrawn from the LBMA warehouses, gets melted down into 1kg bars, stamped anew and is leaving the Western system with direction China forever without even saying goodbye to the London guys ? THIS would be a useful information, but not some unfunded speculations based on a Bloomberg report that is merely dealing with base metal logistics without even mentioning gold or silver at all.

Sincerely

auratico

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I understand your message here Auratico. But we must look at substance rather than mere appearance. "A Chinese company" owns the LME. What does that mean? It means nothing.

Who (i.e. which people) owns that Chinese company? The Rothschilds are just as well-connected in Hong Kong as they are in London. Are the bankers ever going to admit (via the Corporate Media) that their gold and silver shipments are being delayed for months and months?

Of course not.

If you will check the Bloomberg piece; they do not provide even ONE specific example of these delays. For instance; "copper shipments are 110 days late", or "aluminum shipments are 115 days late".

Instead, all we see here is a very vaguely-worded piece about "delays in shipping metals" -- where the propaganda machine attempts to explain it all as just bureaucratic inefficiency. Yet gold and silver are the only two metals markets where such delays could rationally be expected to be occurring at the present time.

I believe the inference I have made from this (limited) data is the only reasonable inference here.

Zitat von LuckyFriday

@ bullionbulls,

Since in London the weekly otc trading volume in gold bullion exceeds a yearly production of the metal, it would have quite some significance, if someone taking out physical from the LBMA-system (i.e. not only changing a label on a rack, as in dealings between members) ¡¡¡ had to wait more than three months for the metal !!!

So, we would be grateful for more information. For the sake of the importance of the matter where does your information come from?

kind regards,

Lucky

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P.S. It makes no sense for there to be any delays at all in shipping the other base metals. Demand is FLAT. So how can it be "impossible" to ship the same amount of metal (from the same warehouses) in 2013 as was shipped in 2012?

I submit that the only metals where there are "shipping delays" is with respect to gold and silver.

Zitat von LuckyFriday

@ bullionbulls,

Since in London the weekly otc trading volume in gold bullion exceeds a yearly production of the metal, it would have quite some significance, if someone taking out physical from the LBMA-system (i.e. not only changing a label on a rack, as in dealings between members) ¡¡¡ had to wait more than three months for the metal !!!

So, we would be grateful for more information. For the sake of the importance of the matter where does your information come from?

kind regards,

Lucky

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Lucky, it is the banking cabal itself which has released this information:

http://www.bloomberg.com/news/…ere-wait-is-100-days.html

Let me remind everyone here that this is the SAME cabal which tells us all the time that gold and silver are (mere) "commodities" -- just like the other metals. The more-appropriate question is "why does the LBMA exist at all?" -- since it is operated by the same Syndicate.

Given that current demand for gold (and silver) is much more voracious than for any other "commodity"; I challenge any reader to provide a realistic scenario where line-ups to ship precious metals could be shorter than delays to ship copper. It makes no sense to suggest such a thing.

If anything, I should have ADDED more to this commentary about the fraud in these other metals markets as well...

Zitat von auratico

The LME does not sell any gold or gold futures. If you are into copper and you have a problem getting your stuff, send them a note. And do your homework over there in Canada.

Where does this information come from, what are the sources ? Since when is the LME supposed to deliver any gold ?
To whom ? When ? Why ?

Grüße

auratico

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A technicality. Do you really think the delays for the LBMA (their adjoining warehouses) are shorter? ALL commodity markets are heavily manipulated. And we must suspect that supply is an issue in many of them (if not all of them) -- with supplies in precious metals markets being most-depleted of all.

Fraud Confirmed: 100-Day Delay To Take Bullion Delivery In London

...In an era of just-in-time inventories; the notion that there can be a 100-day backlog to load bullion into armored cars with the metal already sitting in the warehouse is ludicrous. Clearly what the LME is really reporting here is a greater-than-three-month delay to refine the gold (or silver) being purchased here – and then ship it to their warehouse.

In other words, the “bullion” which traders believe they are purchasing today is in fact merely ore which hasn’t even been dug out of the ground yet. While gold and silver miners have nearly eliminated the suicidal “hedging” which the banking cabal used to suppress the sector even further in previous years; the banksters are now effectively “forward-selling” the gold and silver of these mining companies – by selling “gold” and “silver” which doesn’t even exist yet.

Essentially, the purchasers of futures contracts at the LME who request to “take delivery” of the metal they have purchased are simply given a new futures contract instead of the metal they now legally own. This second, unofficial, illegal futures contract is simply a 3+ month wait for buyers to receive what they have paid for – where the buyers aren’t compensated in any way for this effective default (on the first contract), and the banksters have free use of the buyers’ money for that period.

Meanwhile, behind the scenes we know what is taking place, since it’s been widely reported since 2008. LME shills quietly contact buyers individually and inform them that if they don’t want to wait more than 3 months to take delivery of what they already own that there is another option: cash settlement.

As with these failures to deliver by the LME; cash settlement represents another category of bullion default. The LME can’t supply the metal, and so it buys off buyers with large bribes to ward-off the official bullion-default which becomes more inevitable by the day...

Full commentary: http://www.bullionbullscanada.…llion-delivery-in-london-

Gold-Squeeze In India Stokes Silver Demand

There was more mind-blowing news this week in bullion markets. This is to be contrasted with the deluge of shrill, gold-bashing propaganda being cranked out by the Corporate Media at maximum decibels. As usual (these days); the news centers on India’s bullion markets.

As has been mentioned in numerous previous commentaries; Indian bullion-buyers are notoriously price-conscious. So the recent, unprecedented rape committed in the paper-gold and paper-silver markets has been nothing less than a dinner-bell “chime” for Pavlov’s Dogs.

Gold and silver on sale…at (literally) once-in-a-lifetime-prices.

As reported by many commentators within the sector; gold demand (i.e. demand for real gold) in India has been nothing less than insatiable. This is despite a six-month propaganda blitz by the banking cabal to try to steer Indians into the fraudulent, paper-called-gold market.

The complete failure of that propaganda campaign has prompted a rapid-fire series of what can only be termed “desperation measures” within India. First the Indian government jacked-up import duties on gold. Then (in a world which runs on credit) it prohibited any of the Indian bullion banks from importing gold on credit.

Now we have the most-outrageous move yet:

The All-India Gems and Jewellery Trade Federation (GJF) has asked its members not to sell gold coins and bars to curb imports of the precious metal, and help the government reduce the current account deficit…

This move is effective July 1st. As has been previously explained; there is no “current account deficit” in India resulting from the importing of gold (which is a currency). This is all just an accounting sham. Thus all these moves are aimed squarely at suppressing gold demand in India – blatant restraint of trade, targeting only precious metals...

Full commentary: http://www.bullionbullscanada.…ndia-stokes-silver-demand

Surging Silver Sentiment Signals Spiral

For obvious reasons; most of the discussion in the precious metals sector over recent months has focused on the gold market. The Great Paper Liquidation which began (secretly) at the end of January before openly manifesting itself in April with sharp price-declines was a liquidation of paper-called-gold.

With many (most?) of those paper-holders simply swapping their paper for real metal, and with lower prices igniting gold demand in China and India; the Great Paper Liquidation quickly morphed into the Great Physical Accumulation. With the phony, paper market being (literally) a hundred times larger than the real gold market; naturally massive, net-selling of this paper would (and did) take down prices.

Then there is the silver market. There was no Great Paper Liquidation with respect to paper-called-silver. In reaction to the (premeditated) Cyprus Steal, the “smart money” dumped their paper-called-gold for real metal. But apparently there is no smart money in the paper-silver market.

Put another way, unlike the gold market there has been no reason at all for the decline in silver prices. The massive drop in the price of silver (which has exceeded the decline in the gold market) has simply been the result of more, naked manipulation. The price of silver fell not because it “should have” fallen (like gold); but simply because the banking cabal could manipulate prices lower.

The Pied Piper trading algorithms which the banksters have used to enslave all markets have resulted in an unprecedented (and obviously fraudulent) level of correlation in our markets. When one commodity market moves in a particular direction; they all move that way. This is an extremely powerful tool for committing market crimes, but (as we shall see later) it’s also a vulnerability...

Full commentary: http://www.bullionbullscanada.…-sentiment-signals-spiral

Gold Bears Ignore Supply Contradictions

...Let me explain the mechanics here, for any/all readers to whom this is not obvious. Let’s start with plummeting prices; precisely what the Banksters have manufactured in bullion markets today. What is the consequence of these lower prices?

To get that answer, we need only refer to the propaganda from Basher Central; more commonly known as Kitco:

…“Everyone thought at $1,600, $1,800 and $1,900 (that) all the mining companies were making profit hand over fist, but the reality is that the capital costs of construction had escalated so signficantly that the margins of production and the margin of operation were still tight,” Gray said.

“$1,300 is not a sustainable gold price…”

Let me translate that remarkable statement. When all of these very same gold-bears were writing their drivel about “a gold bubble” for the past four years; they were all lying. Gold priced toward $2,000/oz was nothing more than the minimum price needed to sustain some semblance of health in the gold-mining sector.

And having gotten that much of a mea culpa, we get the remainder of the confession: $1,300/oz is not a “sustainable” price for gold today. Thus we have a collection of Serial Liars acknowledging that informed investors should not have listened to anything they were saying about the gold market over the past four years (at least).

Now these same Serial Liars are “predicting” many dark days (and even lower prices) ahead for the gold market; because the Boy Who Cried Exit Strategy has cried “exit strategy” for the 1,000th time. And we’re supposed to be convinced by this “prediction”; from these esteemed analysts?...

Full commentary: http://www.bullionbullscanada.…ore-supply-contradictions

Gold-Bashing Mythology Hits New Crescendo

In wading through the mainstream drivel written on the gold and silver markets; it becomes increasingly difficult to reply to such material without the word “desperation” creeping in again and again. Indeed, the quantity of gold-bashing itself is simply overwhelming.

In the years I have covered this market, I have never seen as many mainstream articles written about the (supposed) “bear market” today as were written during the 12 years in which the mainstream (grudgingly) acknowledged the bull market in precious metals.

This, of course, is entirely atypical behavior for a propaganda machine notorious for worshipping “winners” and shunning “losers”. When a particular company/sector falls from favor as a hot place for financial gambling, there is a brief frenzy of dancing-on-the-grave of the former darling – and then it is forgotten forever.

Not so with precious metals. Indeed, the more rabidly the mainstream propagandists insist that precious metals has entered a “bear market”; the more obsessed they become in “covering” the sector. The lady doth protest too much, methinks.

This perverse behavior of the mainstream media is only one utterly obvious indicator giving lie to claims of a “bear market”. Global demand for physical gold bullion spiked to an all-time high around the world following the Great Paper Liquidation, which drove down prices in the phony paper-fraud markets for bullion in New York, London, and Shanghai.

The propaganda machine has never attempted to “explain” how/why you can have record demand in a “bear market” – because it can’t. High demand is the definition of a “bull market” in the real world. Bulls stampede. Bears hibernate...

Full commentary: http://www.bullionbullscanada.…hology-hits-new-crescendo