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One for the "out the box" free thinkers - that might make you go 'mmmm

What if ..Chavez & the Bundesbank gold
- wasn't sitting where it should be in the Central Bank Vault

Would you need to literally .....smash the price of ......Gold & Silver
- and put the - fear of god - into investors hearts & minds
- to stop them buying
- and start them selling

Plus
- allow comex invet-ory to be milked
- and ETFs (GLD etc) to be raided of....physical

Plus let....the Banksters out their...immense short positions

(Seems good enough reasons in themselves....but lets look at evidence.....of the...... after effects
- of Chaves & Bundesbank requests .....to see if it "perhaps" bears out the above :o)

NB - make sure you scroll "to the right" on each chart....sorry can't reduce the....widescreen)




The 2 lines are where Chaves & The Bundesbank requested....their own gold back
- coincidence ???


A zoom view of the post effects of the Chavez moment
- after the initial expected market boost
- what then....followed :o)



......................................................................................................................


Now lets look what happened after - The Bundesbank moment





So in a nutshell

- after the Chavez moment (line 1) short tim up blip
- gold took a decent.....(to be polite)....tumble

Then.....traded sideways (the blue area)......until
- the Bundesbank moment (line 2)

Then the price got whacked....whacked....then whacked some more
(folowing chart)




.......................................................................................................................


Now lets look at the Bigger picture
- what happened to the Gold price after....the bundesbank moment
- vs -
- Comex invent-ory ....movements
- & ETF gold holdings......movements






......................................................................................................................


Still think - the Chavez & Bundesbank gold
- was where it should be

Still think the gold price smash .......was ...a COINCIDENCE


NB.............MAKE SURE - you scroll right.....especially on that last chart!!!!!!
(The verticle dotted line - is when the Bundesbank.....requested their Gold)

Does it
- Make you go ''''mmmmmm ????

As the famous US Gangster convicted of "Tax Fraud" used to say
- once is ...happenstance
- twice is...coincidence
-Three times.....is....enemy action

Lets have a look at that last quite stunning (coincidence :o) Graphic again for a moment





Now lets for a moment consider that
- the takedown of gold coincidentally happening after the Chavez request
- and even more graphically represented in this ....total repeated smackdown of gold....again, coincidentally...after the Bundesbank request

- was nothing to do with..... Chavez & the Bundesbank wanting their gold back
- and the high probability....it wasn't there
(so on that score.....lets also ignore the FEDy needing to take....7yrs to return it too)

Why else would there be such an awsome drain on comex & Gold ETF inventory & where is it all going.....unless as everthing points to...into the hands of
- ready and willing physical buyers
- willing to pay significant premiums over ficticious paper spot price
- and willing to wait weeks, if not months to get hold of the physical as a result of refiners working flat out...to meet such overwhelming demand
(does that seem a sure sign of panic selling to you....lol)

So was such overwhelming demand for physical by the punters/India/China etc
- the unintended backfire
- from the hope by TPTB that the smackdown would let them ......get hold of .....the long gone leased, lent, hypothecated/rehypothecated, fractionalised ....Bundesbank gold.

Anyway...moving along

Lets again - let our minds drifts to the talking heads & mainsteam media opinion re the Gold price waterfall price drop
- in that, it's no connection to an attempted smackdown to panic the sheeple into selling them the much needed physical to satisfy the missing Bundesbank gold
- or to let the Banksters exit their huge short positions
(& indeed become net long :o)
- and .....

- as CNBC & the bought & paid for media - shout from the rooftops
- it's the .....end of the precious metal bull market
- and all the people are cashing in their ...precious metals ETF holdings
- and heading for....
The Exit

Well ignoring the above evidence of demand plus
- 10's of thousands of people queing outside shops in China to buy
- Vietnamese willing to pay nearly $300 dollars PER OZ over paper spot in a recent gov't auction of...physical gold
- India doing everything it possibly can to block it's sheeple buying physical gold
- and GOFO rates being negative far out for 7days (& counting)

Are people really bailing out of "physical ETF gold" - holdings

Well facts....... are a really funny thing
- as evidenced from the table below

You see - GLD - that's the one run by the usual - bankster crew
- has been absolutely heamoraging....physical
- and by coincidence - it's the one that....
- only Bankster bullion members can.....actually get hold of ....the real physical Gold
- And it has lost (redeemed)........ a massive
- 13 MILLION OUNCES or to put it another way...a gynormous
- 30% of it's holdings in 2013

So is that evidence of....punters heading for the exits ....en masse

Because here is the.....really strange thing
- if you check the chart
- you will notice that the funds backed by - real physical
- and where ....the punters themselves.... (not the bankster bullion banks) can actually get hold of and take delivery of....real physical

- eg sprott asset's gold backed ETF & the Canadian one

Have not ....lost/had redeemed......even just ...one single ounce...by their holders/investors !!!
-not one, a big fat zero, diddly squat..redemptions
- over the same period
- that the Bankster run GLD....lost/allegedly redeemed.....13 Million Ounces/30% of it's ...entire holding

Check it out !





So do... "you"
want to go with - the talking heads/MSM
- no demand - sellers rushing for the exits & dumping their ETF holdings

Or do you join the dots - see a manipulated take down re the Bundesbank moment
- and also allow the Banksters to exit.... their potentially crippling short positions
- and GLD being...bankster milked of...its physical

Interesting charts and views .

Ron Rosen comments @ 368

Silver photovoltaics @ 372

Quite amazing ! Thanks for your efforts

Gaz - Brilliant find...!!

And the complete opposite reaction to what was expected, which gave rise to many questions and we didn't need to look far to know what the reasons were (those of us whom realise) but lovely to see it so EMPHATICALLY displayed.

I thought you were away Gaz. So will make an effort to return here more often. Pity I cannot post Stockcharts here. Although that nay be a blessing for some ;-/

S.

Sahara - cheers - I thought a quite blatant & "in your face" graphic, of whats and why.

Just went away for a few days to give my son free reign and space in the house for a week untill his house was ready. We both love him to bits, but...
- two 6ft'ers bulit like England Rugby prop forwards
- and my son with the 26yr old oodles of energy and enthusiasm of a hyper-active puppy 24/7 for a week is.....exhausting
- so stepped off the planet & into Norfolk for a week of technology free tranquility
- love doing it
- great for distraction free - putting life and priorities into perspective

Worth watching this 1 1/2 min youT.....before reading on




Are your initial thoughts - the same as mine were.....
- funny, with a.... distant air of truth
- but couldn't happen...literally

Sadly, yes it can !
- totally legally too, and all... totally above board
- and couldn't even touch the bank in court.

The banksters have been legally able to take your money...and carte blanche...do entirely whatever they choose with it.....
- suprisingly
- with NO FIDUCIARY DUTY....to you....at all

Why, because that's .....the basis that...."you have AGREED"..... to give them your money
- and it has been that way....for a very, very ....long time !!

The Cyprus Template....saver "bail in" new template is just
- a distraction & muddying of the waters

I think if the Sheeple knew the following.....meant the above
- I think fractional reserve banking could..... "end quite quickly...and abruptly"

So here we go
(Keep your hands in the car & no standing up....let loose the roller-coaster)


.................................................................................................................

The law has been in existence for hundreds of years
- and was established in England by the House of Lords in the case Foley v Hill
- in .....1848.

When a customer deposits money with his banker, the relationship that arises is one of creditor and debtor.
- Once money has been paid to the banker,........ it belongs to..... the banker
- and he is free to use the money...... for his own purpose.

I will now quote the relevant portion of the judgment of the House of Lords handed down by Lord Cottenham, the Lord Chancellor.

He stated thus:

“Money when paid into a bank, ceases altogether to be the money of the principal…(That's you)
- it is then the money of the banker,
- who is bound to return an equivalent by paying a similar sum to that deposited with him when he is asked for it.

The money paid into the banker’s, is money known by the principal to be placed there for the purpose of ....being under the control of the banker;
- it is then ......the banker’s money;
he is known to deal with it as his own; he makes what profit of it he can, which profit he retains himself,…

The money placed in the custody of the banker is, to all intent and purposes,
- the money of the banker,
- to do with it as he pleases;

(now hold on tight)
- he is guilty of no breach of trust in employing it;
- he is not answerable TO THE PRINCIPAL....... IF HE PUTS IT INTO JEOPARDY,
- IF HE ENGAGES IN A HAZARDOUS SPECULATION;
- he is not bound to keep it ....or deal with it as the property of the principal, (that's you again)
- but he is of course answerable for the amount, because he has contracted, having received that money, to repay to the principal, when demanded, a sum equivalent to that paid into his hands.”

(quoted in UK Law Essays, Relationship Between A Banker And Customer,That Of A Creditor/Debtor, emphasis added,)

Holding that the relationship between a banker and his customer was one of debtor and creditor and........ not one of trusteeship,
Lord Brougham said:

“This trade of a banker is to receive money, and....... use it as if it were his own,
- he becoming debtor to the person who has lent or deposited with him..... the money to use as his own,
- and for which money he is accountable as a debtor.
- I cannot at all confound the situation of a banker with that of a trustee,
- and conclude that the banker is a debtor with a fiduciary character.”

In plain simple English – bankers cannot be prosecuted for breach of trust, because it owes no fiduciary duty to the depositor / customer,
- as he is deemed to be using his own money to speculate etc.
- There is absolutely no criminal liability.

So if the bankster chooses to stick all the money on the favourite in the 3-30 at Kelso
- and loses
- you are just another...... random unsecured creditor....when the bank gets wound up.
- and it would be legal....and you couldn't touch 'em for it.

That's the terms ....you agreed to...when you give them your money.

As Michael Caine says ....." not many people know that "

So.... pass it on :o)

India ...has imported over ........900 tons of Gold so far this year while
China ....has imported just shy of 1,100 tons.
Total for just those 2 countries....2000 Tons
(& that's only so far...in 2013)

To put these amounts into perspective, the world (ex China) produces
- 2,200 tons per (FULL) year.

As an aside, with prices where they are right now, production will decrease in the future as some mines are not profitable at these levels.

My question is this, with China and India buying almost every ounce that comes out of the ground "how much is too much"?

"Too much" as in what level is THE level where existing inventories cannot absorb the demand from "the rest of the world"
(as India and China are speaking for... the current production....and more).

Where is the Gold going to come from? It is already clear that existing inventories are being squeezed as evidenced by
- the backwardated GOFO rates 8 days running.
( I would like to point out that this is not only..... the longest streak, ......but more days total ......than ALL of the last 20 years combined!)

Also lurking in the shadows is allegedly a second Dutch bank to call a halt to delivering out Gold (RABOBANK).
Why would this be?
Why would any of this be?

Why is the Gold market so tight after so much (alleged) "selling"?
Shouldn't inventories be not only flush with product but simply overflowing with so much metal that they don't know what to do with it? Where did all of this "metal" that was sold, in a panicked, fast and furious fashion go?
Did it evaporate?
Is it being held in some alien, invisible vault system that we don't know about?

Of course not...because it was not GOLD in the first place.
We are now more than 90 days past the April "fool's" selling of supposed Gold. This is enough time to look back and see for sure what happened. At the time "we" said that the selling was not physical Gold and in fact was merely paper contracts without any real metal backing.

"We" said that only those who wanted a lower price would ever sell futures in the fashion that they were sold. Well guess what, WE were right. If we were wrong then Gold would be plentiful right now...it is not.
- Not only is the Gold market "tight",
- it is tighter than it has ever been over the last 20 years.

I took some serious flack back in April when I said that "the plan" all along was to default. I said this because I knew that there was no way......
- 1,000+++ tons of real metal could, or ever would in that fashion hit the market over less than 12 trading hours.

So here we are, 90 days later and inventories have done nothing .....but bleed everywhere you look.

Not only that but as I see it, some deliveries have not even been made. Unless someone can show me where JP Morgan has concluded their.... May deliveries
- or delivered anything at all on their June deliveries
( I will assume that I have read their reports correctly)
- and are in serious arrears.
Please, send me data that illustrates the movement of Gold from JP Morgan to those contractually entitled to receive it.

That said, I will again state what I wrote back in April.
- We are facing a major default in both the Gold and Silver markets on COMEX which only has left a mere....... 29 tons of registered Gold inventory available for delivery.

I also believe we will see the LBMA in the same boat though they do not publish inventory numbers. All that is needed is to look at the inventory drain coupled with the explosion in demand caused by fraudulent prices to see that this will come to a head shortly.

August COMEX deliveries of Gold should be at least 30 tons
- which would take care of all existing registered for delivery inventory...and then what?

What happens after August? Like I said "How much is too much?" ...demand that is

Bill Holter (Franklin Mint)

Detroit file for chaper 9 bankruptcy

http://m.bbc.co.uk/news/world-us-canada-23369573

Which will result in a trillion of losses on the bond markets.

Yes - really.

Bigger than some might think.

Let it sink in.........

Then sit back & watch the bond market crash!

Ouch!

Andrew Maguire (top guy) - Bill Murphy entered his testimony at the CFTC silver manipulation hearing

“The mainstream media has this myopic focus on the over 600 tons of GLD redemptions, while in reality we are witnessing
- massive bullion demand
- far in excess of these .....relatively small ETF redemptions.
This bullion demand is actually putting enormous pressure upon immediately deliverable LBMA bullion stocks.

“What is notable, is that since the ABN AMRO bank default .....became public,
- it forced that defensive attack by ....the Fed and the Bank for International Settlements....
- & it forced that defensive attack.

It was a desperate attempt to bail out an imminent collapse of

- the largest bullion houses in London.

And despite an over $400 rigged decline in the gold price,
- here we are back full circle, with the bullion bank inventories again under stress.

A rigged $400 discount may have delayed the default,
- but it also ramped up Eastern hemisphere bullion buying,
- and ......was far in excess..... of what was gained.
I guarantee you that....... was not in the plan when they rigged this (takedown).

Thanks to the paper discount,
- the LBMA fractional reserve bullion inventories
- have been drawn down.... at such a fast rate
- that there is lots of evidence......... they are now running on fumes.

The smashdown has enabled the bullion banks to cover their paper shorts,
- but the Western central banks
- are deeper in the glue now...... than they ever were.

These outsized, mismatched leases are having to be rolled over while they scramble to meet this.... unanticipated Eastern hemisphere demand.
- By the Fed creating such huge downward derivative momentum, what they did....
- was they unleashed a monster.

Taking the price (for gold) sub-$1,300 was a fatal mistake.
- What it has done is accelerated the physical demand exponentially
- and placed the whole fractional reserve Western bullion banking system back at risk again.

This is very similar to the abyss that Gordon Brown stared into when the Bank of England was forced to bail out Goldman Sachs 13 years ago.”
(The famous Brown's bottom rescue)

More comment from Maguire
- BofE - stepping in to bail out LBMA shortfalls
- and likely massacre of Hedge Funds

“The LBMA bullion stocks are thin. For example,
- the LBMA delivery conditions were extended from 2 days ....to 5 days.
- Why..... do you think this little known decision to extend delivery times was made at the request of the bullion banks?
The fact is that the gold market has been in tight supply for some time now.

There is just very little physical (gold) for sale in size at these current levels. In the past
- I reported leased gold..... regularly appeared at the (London) fixes,
-where the Bank of England ......would step in at the clearing hour,
- after the fix, to lend metal....... to meet these delivery shortfalls

“Much less of this is now happening. Because....
- many of these accrued positions, ......they already can’t be paid back (within the originating terms).

So on a short-term basis they have to be rehypothecated, further rolled out, and they match even further out forwards and futures (contracts).

These guys are digging an even deeper hole.
- Talk about an act of desperation.
- When viewed from a wholesale market perspective, it’s absolutely clear this is an act of desperation.
There is only one other alternative -- you buy back these leases.

The first stage we just discussed is what we’ve already seen.
- The second is now happening
- and it’s about to accelerate, which is going to ignite very large hedge fund short fuel above the market.
- These funds are the bullion banks’..... reserve fuel.

It will be the next source of bullion bank short covering, and it’s going to place the funds in serious trouble. (They will be) left holding the bag.

■GOFO negative 10 days and counting
- indication of gold shortage...... of historic proportions

■90% silver out of stock at nearly all US wholesalers, shortages again occurring in Eagles, Maples, and even generic rounds and bars
■Cartel defending $1,300 gold and $20 silver with everything they have because they know a gigantic level of short covering will ensue at prices just above those levels

Even Reuters - seem to be backing up the above assertions too !!

Reuters
Friday, July 19, 2013

A dislocation in the gold futures market
- indicating that demand for....... physical delivery of the metal
- is now ........far outweighing - supply
- has intensified..... in recent weeks,
increasing concern in the market that the change may not be a momentary blip

- and participants may have become...... over-leveraged.

http://www.reuters.com/article/2013/07/19/derivatives-gold-reaching-SHTF-stage

Gold went into backwardation in comparison to the three-month futurescontract in early January, meaning the spot price rose above the short-dated future contact. Now that process looks set to creep out the futures curve to longer-dated maturities,
- signalling some cause for alarm ***.

"The fact that has remained and widened ... indicates that the physical market has tightened up substantially, a postulation that is corroborated
- by the growing premiums being paid ... and the ongoing wholesale delays in the delivery of substantial bullion tonnage,"
wrote Ned Naylor-Leyland of Cheviot Asset Management in a report this month.

"What is happening now is that the absolutely inevitable 'run' ***
- on the 100:1 leveraged bullion banking system ....is truly underway."

Backwardation is a concern in gold markets because in theory demand for physical delivery...... should never ....outweigh supply,
- since the amount of available gold is a known, fixed quantity.

The current dislocation indicates that holders of gold futures
- have begun.... demanding delivery***.
- But because of the large amount of leverage in the market,
- participants are not able.... to deliver on their obligations***.

"More and more people....... want their gold... today,
- at a higher price,
(no matter that they can buy a future much cheaper,")
- said Guillermo Barba, economist at the New Austrian School of Economics in Mexico.

"The actual message of the backwardation is that
- there is behind the curtains...... a lack of confidence..... in the fiat monetary system,***
- a de facto rejection of paper money by some people who prefer the real money (gold and silver),"***
said Barba.

"That's why a fall or rise in gold prices... is not so relevant anymore.
- The monetary 'fire alarm' message, courtesy of the relationship between spot and futures prices, is: ....

- run for your gold***,
- there is not enough.... for all***."

The squeeze we have been waiting for....... is closing in***,

- it is always darkest ......just before dawn."

Interesting article
(NB - as it states.....The reports..... have not been confirmed ....officially)

http://rbth.asia/business/2013/07/17/GAME CHANGER-china_reportedly_planning_to_back_the_yuan_with_gold_47997.html

China reportedly planning.... to back the yuan with gold

According to media reports of early July,
- the People's Bank of China is mulling the possibility of...... phasing out the dollar
- as the reference currency..... for the yuan exchange rate,
and...... to start using gold as the reference point.

How safe is money in the bank - worth a 30 sec glance

- the list of US Banks - the FDIC ....has taken into receivership
- if you do keep scrolling & scrolling down - then scroll some more to te very bottom
- all bar the last couple of dozen.... at the very bottom of.... that page

Are - just since.....2012

http://www.fdic.gov/bank/a very-very long list/of individual/failed/banklist.html

Interesting - bigger picture
- have the Saudis & friends just - poked the US in the eye...with a big pointy stick
- Have they seen the writing on the wall ?
- ie - that the US engineered "uprisings" - will eventual lead to; and be used against them too.

The Saudis et al.... have undertaken.... that if the Egyptian military....oust..the US puppet
- and the US withdraws a Billion in aid ...to Egypt - by way of retaliation for...their puppet being ....ousted
- then (shock) ....they will give - repacement aid

In fact they have gone....further (with the pointy stick stuff)

Namely

Saudi Arabia approved..... €4 billion in aid to Egypt
- and the UAE has offered...... €2 billion
in desperately needed support for the economy.

The news is a double slap-in-the-face to Washington who had insisted
- that Morsi’s government .....buckle..... under to harsh IMF conditionalities as precondition for financial help.

http://www.globalresearch.ca/saudis-unprecedented--uses the pointy stick-at washington-over-egypt/5343092

Then again in US psyops, is it just.....
- organise uprising
- install their puppet - as the sheeple expect (& reject)
- oust him
- then the sheeple wont suspect - the next guy is just
......puppet Mk II

Sahara is far and away better qualified to comment - but
- this allegedly signals a potential
- "cycle low"


-

An opinion from
Global European Anticipation Bulletin.
(the clip is from their - subscription only update - which will be updated on their public list....somewhere later down the line)

The GEAB site is http://www.leap2020.eu/

GEAB shockingly says, “Historians will certainly consider the 2008 crisis as a warning shot....... before that of 2013.
- All of the world’s regions won’t be ....a "can be summarized as"
- i.e ....the following ...& all....affected the same way
- but all........ will suffer.

According to LEAP/ E2020 the stages of this second crisis as follows:

End 2013,
Financial impact:
- collapse of financial markets especially in the US and Japan.
- Banks can...... no longer be saved by the states
- and BAIL-Ins are put in place;

-End 2013 / 2014
- Spreading to the real economy:
- The financial impasse causes / reveals a major world recession and the reduction of international trade;

2014,
social impact:
- The economic deterioration causes unemployment to explode, in the United States the dollar’s decline lowers the standard of living, riots mushroom everywhere;

2014
political crisis:
- the governments of the most affected countries are under fire for their handling of the crisis, forced resignations and early elections are expected,
..... if not coups;

2014-2015,
International management of the crisis:
- together Euroland and the BRICS.... impose
- a new international monetary system
- and lay down the basis of..... new global governance;

(That's daddy Pres. Bushe's....When we win...& we will ....there will be a New World Order
- ie One World Government....in my speak)

2015: The least affected regions have exited the crisis definitively;

2018:
It will take the United States, the United Kingdom and Japan.... five years to purge themselves of the crisis with,
- ultimately, a greatly reduced standard of living
- and a considerable loss of global influence
(resulting from their refusal to participate in the re-casting of global governance on new bases).”

.....................................................................................................................

That last para - especially the comment in brackets seems strange to me, as
- who are the biggest drivers towards NWO/One world government ??
- the ex....
- slaves are just commodities
- invade countries that we want resources.....
- British Empire...Dynasty Families
(The ones who raked in ....ALL the profits from.... the whole empire .....and have been using them as...... a common objective collective....ever since)

Bleak outlook opinion - so lets hope....the good guys....win
..instead then

I recollect what happened to a plane bound for Russia carrying much of the
- anti bankster....Polish government
- who wouldn't play ball

Hungary....tells the IMF...take a hike !!

http://www.spiegel.de/international/europe/hungary-calls-on-imf-to-close-its-budapest-office-a-911250.html

A long-running dispute between Hungary
- and the International Monetary Fund
- escalated on Monday when the head of the country's central bank
- called on the IMF
- to close..... its office in Budapest,
saying ....it was no longer needed.

Relations between the government of Hungarian Prime Minister Viktor Orbán.... and the International Monetary Fund ......have never been especially good.
- Now they have hit rock bottom.

Another chart opinion (not mine - I may add :o)





The opinion given on the above ?

■Against gold, silver appears to be
- “carving” out a rounding bottom formation.

■Note the MACD indicator,
- which is trending higher.

■China is apparently preparing to substantially increase their use of solar power, and a fair amount of silver is required to do that. Also,
India has enacted a ban on gold bar and coin sales.
Silver could benefit from increased buying there,
- if the ban isn’t lifted soon.

■Silver has a cyclical tendency to bottom against gold,
- about once every 4 weeks.

I suggest ...as always... DYOR (& lots of it)
- but FWIW basis - the opinion given by the originator of the chart's thoughts ...... (Morris Hubbartt of superforcesignals.com) is....
- in his opinion based on the above

- to buy silver now,
- and more .....if it drops next week,
- to take advantage of the current cycle!

Does look like a bottom maybe forming there gaz, having a bit of trouble relating it to netdania's gold/silver chart though there seems to be some desparity but agree theres certainly a lot going for the precious metals imo. Looking forward to tonights asian trading reckon "if"pog can come back over 1300 it'll lift silver over the $20 and we'll be off esp if JPM's long.
Mind you sometimes think that JPM's position is the only thing that matters here if they're long we're going to be quids in if not then heads down and prepare for another shafting imo.