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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.

Eric - true - with JPM now net long, and apparently stacking physical silver (for their own account :o) like there's no tomorrow, coupled with not having made their last 2 months crimex deliveries - and if they did they would be 100,000 oz short in their delaer account
- then things are looking fairly desperate

Next week is an option expiration.... on the COMEX for gold and silver on the 25th

All it needs next is
- another reason for delays to cover their ass or a force majeure.

Most businesses in trouble commonly go for.....a fire
- to hide/resolve much of their troubles/tracks.

In fact re JPM itself..... there we go :o)

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

Will this be the force majeure or..... just another excuse for delays whilst they try to cover their ass ??

Option this time.....no it's not a joke.

Firetrucks and ambulances in front of.... JP Morgan’s headquarters
- at 1 Chase Manhattan Plaza,
(early report so it could be the vault at it's former HQ at broad St)
- with fire-fighters stating they are responding to a...
- COMMERCIAL VAULT.... FIRE IN THE BASEMENT!

Standard plan book.....play No 987

hxxp://www.ustream.tv/recorded-footage/JPM-HQ-The Predictable- ExpectedFire-

Standard plan playbook No 986 was

- Sorry hurricane sandy - has flooded the basement of the certificate repository in N York
- that's the one with the physical bearer bonds in !!
(Gold certificates commonly being in the form of..............:o)

Standard Plan playbook No 985 was

- oh dear the transformers have exploded at the power station - supplying most of the power to the NY Financial district

I forget what standard playbook No 911 was
- but I know nearly a trillion in gold was kept in the vault.....of some sort of tower or other
- & trillions of settlements in the markets.....were made on trust
(ie no evidence of ownerships required)

Is the bottom in or thereabouts
(as they say)

The Green Spots - highlight golds previous bottoms






Speaks for itself :o)







Does it look like we should have.....a nice big "Red Spot" at the very far right :o)





Make of 'em - what you will

But add in GOFO rated still running negative....11 days and counting
- plunging Crimex inventory
- the Morgue down to....it's very last tonne
- massive volume going thro the shanghai exchange
- huge far east premiums
(as much as $300 per oz - in a recent physical gov't auction in vietnam)
- Andrew Maguires comments - a few posts back
- Portugal, Ireland, Greece - all seeking to renogotiate their bailouts/needing more bailout
- Ratings agency downgrade - of one of Europes...actual "bailout funds"
- Impact of rising T-bond rates on....interest rate swaps
- Japan with a paperweight on "print"....until they hit desired inflation
- Comment that Italy will need a bailout...this year
- Detroit going into chapter 11 (city employees likely to lose 90% of their pensions)
- Month by month new record numbers on US foodstamps
- Middle East ....unrest
- The Cyprus debacle
- The Cyprus template - now in place UK, Canada, Australia, N/Zealand etc etc
- RothKiddies working on a Cyprus style - "Good Bank/Bad Bank) for a UK high street bank
- GLD bleeding physical (inventory down 30% this year) - sprott physical...down ZERO






- India - moving heaven and eart - to stop the sheeple....buying gold
- ABN Amros April Gold Default (punters only get fiat if they want to withdraw..their own metal)
- Germany told - must wait SEVEN years for return of it's ...own gold
- Central Bank buying of gold


- Fed Having To - take up ever increasing T-Bills - as Foreign Holders are.....quietly.... Dumping Them





And China - seems to be taking - all it can get hold of - massive ever increasing year by year imports (as well as retaining it's own....mining production)






Now ponder this chart in the light of - Just ...the above Chinese Demand
- and really put it in.....perspective


The left chart denotes.....Imports into China (just via the Shanghai exchange)
- now the really interesting....right hand chart
- the vertical bars - are DELIVERED GOLD......JUS via Shanghai
- the really interesting "greyed out area" - is TOTAL mining supply







Conclusion on that chart imo ??
If the equivalent of ..Newly mined "world" supply.... is totally being delivered through Shanghai
- all that Russian Central Bank gold purchased - plus all the other sundry central bank gold purchases - and the Indian & other far eas countries huge gold imports
- must be ....coming from somewhere ???
- and as we have accounted for...all the world new mining suppl as....going thro' Shanghai (just on an ccounting basis)
- where then also is ...The US Mint, Australian Perth Mint, South Afican Mint (and all the private mints)....getting there Gold
- For that matter....where is the LBMA getting it's gold to deliver
- unless they are buying through Shanghai (which is doubtful...to say the least)

The physical rape of GLD doens't cover it
- nor does the fall in Comex invent-ory

So where is...the supply coming from...to meet such huge demand ???

Moving on further into La La land accounting :o)

What happens when you are insolvent & bankrupt ??
- your debts just get bigger & BIGGER
- what happens when you go even beyond that ??
- ie you make cutbacks & ....austerity measures and....
- still...your debts still get bigger & BIGGER
- Like is happening in......The USA
- and well all over the place.....eg Euroland

The proud Q1 debt-to-GDP outliers, where the local economies are expected to continue plunging
- and thus..... in La La Land economics - send the stock markets (if mostly that in the US) surging,
- are the following:

•Euroarea: 92.2%, ...up from 88.2% a year ago
•Greece: 160.5%, ....up from 136.5% a year ago
•Italy: 130.3%; ....up from 123.8% a year ago
•Portugal: 127.2%, ...up from 112.3% a year ago
•Ireland: 125.1%, ...up from 106.8% a year ago
•Spain: 88.2%, ...up from 73.0% a year ago
•Netherlands: 72.0%, ....up from 66.7% a year ago


I think that all justifies ....the current bearish position in the ....... safe haven need for....
- being "in" precious metals

What do you think ??

GazKaz, are you saying, IYHO, that the price of GOLD and SILVER will probably rise post 25 July COMEX option expiration?

I currently hold POLY but mistimed my buy [in at 881p] and would like further exposure to precious metals but my timing sucks. if we are at the bottom [or possibly a bit above in the case of SILVER] then my timing would appear to be right.

any thoughts?

Alex

GazKaz, are you saying, IYHO, that the price of GOLD and SILVER will probably rise post 25 July COMEX option expiration?

I currently hold POLY but mistimed my buy [in at 881p] and would like further exposure to precious metals but my timing sucks. if we are at the bottom [or possibly a bit above in the case of SILVER] then my timing would appear to be right.

any thoughts?

Alex

Hello my lovelies.
It's been awhile and boy have I enjoyed being off grid. No news papers, tv, internet, just carefree on the beach with my precious family. Quality time!!

Hopefully today I'll have a little bit of time to go through all the post since 10 July. It looks like Gaz has been holding the fort tremendously well. Cheers buddy.
With a little luck I'll help share the 'input' load with you later on.

Here are a couple of articles by Jeff Nielson which I certainly think are worth a read as to understand the bigger picture..... and get a bit more angry at the state of affairs.


http://www.bullionbullscanada.com/intl-commentary/26287-the-one-bank

http://www.bullionbullscanada.com/intl-commentary/26284-oligopolies-unmasked-the-death-of-competition

Hi Alex

I would hope that in the light of all the info included in the post before your question
- in the real world of economics supply/demand the precious metal prices.... should
- be heading fairly exponentially vertical

But - as can be seen in the earlier posts - the precious metals are... totally manipulated
- Greenspan said in a speech years ago - the central banks stand ready to lease into the gold into the market as required
- the Gold price was taken down just a day or two after O'Barmy met with senior investment banksters

- and of course the US plunge protection team intervenes in.... all markets
- and the US "exchange stabilisation fund" has one objective - to support the dollar
(& it has no published accounts, or minutes, nor is it overseen or...accountable to anybody...and that includes congress or the senate)

Throw in some contrived "black swan" events and its a hard call to predict price or timing - against such above opposition to ...free market metal prices.

It's just hard to discern how much "physical ammo" they have left to manipulate and suppress the price and to what extent and for how long
- but that spring is being compressed further and further
- and springs only go so far before...the ping upwards..

The only other problem is ...the people that are doing the manipulation and suppression - also - pull the strings of all the governments too,
- so if push comes to shove....they can move - "all the goalposts"

That said short term - this week is comex options & futures expirey
- I will emphasis the word "generally" - there is a run up in prices towards expirey
- then they give the tree a good whack afterwards.....to dissuade holders from standing for....physical delivery

With regard to mining shares - I don't follow anything in "paper", but FWIW my thoughts are
- "if" the suppression ends my general opinion is
- that TPTB will try their damnedest to direct any resulting metals rush into.....anything.... other than...
- real physical metal
- IF so (& I emphasise IF)
- the sheeple should be heavily directed....into miners/ETF's
(NB - "IF" (there that word again) so - the smart money
(& I mean the huge billions kind of "smart money") - will be there first ....to then exit as usual at the top...as the sheeple go ...in

Well that's my thoughts as a mere member of Joe Public - holding a CSE in woodwork by way of being qualified to pass opinion :o)

Hope it helps.

Snurkle - a from the heart - sincere welcome back.

Nothing new but nice to see it confirmed yet again

JPMorgan Nearly Cleaned Out as Gold Travels East!

Gold Inventories at JPMorgan Chase Fall to Extreme Lows

JPM Eligible Gold
Last week, JPMorgan Chase reported inventories of physical gold categorized as "eligible" for delivery on futures contracts at 46,000 ounces. On Friday alone, the bank revealed withdrawals of just over 90,000 ounces. If you add in "registered" gold inventories (metal that can theoretically be re-classed by owners as eligible for delivery), the total inventory on hand in JPMorgan's New York vault is 436,000 ounces.

Does 436,000 ounces sound like a lot? It isn't. In fact, that's an all-time low. For some historical perspective, JPMorgan reported almost 3 million ounces on hand two years ago.

Here's why this is important: Futures traders betting on lower prices must ultimately stand ready to deliver bars to the long investor on the other side of their trade. As demonstrated by the inventory declines mentioned above, a lot more of these longs are requesting delivery. Another big round of withdrawals could leave the shorts scrambling for physical bullion and bidding up prices.
So Where Is the Physical Gold Going?
Seasoned metals investors won't be surprised to find that much of the demand for physical bullion is coming from Asia and India. These markets have historically been the largest for bullion. However, investors may be shocked to learn the degree to which demand in those regions now outstrips the supply produced there. Gold (and silver) are flowing from the West to the East to meet this shortfall.

The Shanghai Gold Exchange reported physical inflows of 1,098 metric tons of gold in the first half of 2013. That represents a whopping 40% of estimated worldwide production! Should deliveries continue at the current pace, nearly all of newly minted gold globally will be required to settle contracts in this single exchange.

This level of demand from the East cannot continue without pushing up gold and silver prices.

Snurkle - as well as the welcome back,
Glad you had a safe trip, and got phase II of the great weather I got in phase I.

Also glad you got to spend some quality time with family and "off planet" away from it all....great for the soul and prioritising perspective on what are...the really important things in life.

Nice to have some company on the input side over here too.
(Thankfully I am assured the loyal band of reader only's still value the information & effort)
- tho' it is really good to hear from them on the input side too once in a while, or even much, much more often.

Hope you get chance to backread some of the stuff since you have been away.
- Massive pointers..... to a "Bix style" inflexion point on the near horizon.

That said - TPTB at such times.... do tend to pull a false flaggy/Black Swanny
(or perhaps just another.... Japanese /Tsunami type jobby :o)

Hope Comet Ison - doesn't make it's presence felt in a physical way as it goes by this autumn into next year ....particularly with autumn fast approaching.
(prospect of it being truly spectacular accross the skies)

Hi Gaz,

Thanks for your post. weather was fabulous. Couldn't have timed it better if I tried and the location, a small island at the top of Holland, was just peachy perfect.
Can't wait for my next stint in Fuerteventura in September for a couple of weeks.... we like to spoil ourselves :-)

I have had chance to read some bits and it seems that things are moving along nicely for us. It might take a bit of time, but no doubt at some stage they'll come unstuck and it looks like the pressure is on.
The GOFO is in my eyes a tell tale sign of becoming 'unstuck' to a point where paper won't really count anymore.

Bill Holter's latest

http://blog.milesfranklin.com/i-really-dont-understand-gold

For those of you who aren't familiar with Bix Weir... and for those of you who are, here is his latest interview. The best part is that it is with Greg Hunter of www.usawatchdog.com which is pretty darn close to MSM.

Interview: Bix Weir on Gold Manipulation and the Coming Crash
Bix Weir

What you are about to hear is REAL and supported by 13 years of research gleaned directly from the Federal Reserve Bank, the US Government and other "accepted" non-conspiratorial sources. Below this interview is a link to some of the articles and research to support the Road to Roota Theory.

http://youtu.be/QDwRJE-dXxs

To understand what is going on behind the scenes you need to spend some time understanding the Road to Roota Theory and what the Fed Bank of Boston is trying to tell us. Sign up for FREE emails that will update you on the happenings behind the scenes. You can start your research here:

http://www.roadtoroota.com/public/department36.cfm

Don't take any of this information as blind fact. Do your own research on the matter and you will discover the secrets on your own.

Welcome down the Road to Roota!

Bix Weir
www.RoadtoRoota.com

GazKaz,

I have read the posts you and the others have posted and am most grateful for your/others efforts.
I am mostly interested in the timing for the jump in AU/AG prices and your thoughts on how best to maximise this. i think rather than buying more POLY and averaging down[bit late for that as up from its lows] i will chance my hand with ETF leveraged silver [LSIL].

Alex

GazKaz,

I have read the posts you and the others have posted and am most grateful for your/others efforts.
I am mostly interested in the timing for the jump in AU/AG prices and your thoughts on how best to maximise this. i think rather than buying more POLY and averaging down[bit late for that as up from its lows] i will chance my hand with ETF leveraged silver [LSIL].

Alex