" alt="" /> " alt="" />

10yr T-Bonds - break 2-75%
(thats up around 60% in a month or so)

Rising interest rates means...
- 1% higher rates on 17 Trillion debt....means more treasury income...gets swallowed up paying the higher interest
- equals escalating....budget deficit (more cuts/higher taxes)
- higher interest rate = problem re .....the Banksters lose income/have to pay out on.....interest rate swap derivatives
(from memory of the 1.3 Quadrillion derivatives market.....60% are interest rate swaps !!)
- higher interest rates ....all fixed bond capital values fall
- and the Banks - including the.... Central banks....predominantly hold .....fixed rate bonds

I would imagine on a "mark to market" basis.....the fall in capital values of US T-Bonds (as a result of higher interest rates)
- has probably wiped out... the tiny capital of the FEDY... 4/5 x over
- equals..... on a mark to market basis.....even the central bank....is insolvent.

Nice work Gaz - Esp the talk on the Gold/Silver Ratio [GSR] in the SGT link with Maloney.

Looking at the GSR we see the Bearish 'Wedge' that forewarned of a drop has again been pertinent...



And remember the $BPGDM where I hi-lited the bottom at zero and the 'Triple Bottom' that formed and the 'breakout' along with the confirmation on price and GDX/GLD ratio 'Wedges' and thrust that ensued pushing miners from zero % on PnF buy signals to a tad over 50% currently. Which was one of the catalysts to get long the miners at the end of June, and which has thus far given us a 30% gain...



S.

Also remember the rotation frm stocks to miners and metals I urged at that time too...



S.

Talking of the lie foisted upon us from an early age and propounded by all the so called 'experts' in the field of evoolution, as we were the other day I thought it appropriate to forward a link I received where Dawkins sort of ties himself up in knots over nothing...

">

http://ppsimmons.blogspot.ca/2013/08/wow-richard-dawkins-knows-nothing-about.html

\\\\\\\\\\\\\\\\\\\\STAGGERING///////////

S.

sahara
- Einstein (allegedy the greatest mathematician) and Max Planc (allegedly the greatest particle physicist) both said in paraphrase
- it would not suprise them if it was discovered one day that reality...was created by conciousnous.
- the latest string/membrane theory - is that eveything is just energy & vibration.
- the physics "measurement problem" is that - nothing exists until it is..viewed or measured.
- in my perspective it is a given that if an atoms nucleus was the size of a kids marble...the nearest electron would be - 2 miles away.
- hence physical matter is 99.99999999999999 nothing
- and that 99.99....nothing....only makes up only 14% of the cosmos
- the other 86% of the cosmos is dark energy & dark matter.....of which they don't know what it is made of....and can't measure.
- so at least there is a definite...0-00000000000001% ...something

Got this in my many - to wander rounds - at some point

http://www.crystalinks.com/fabricofthecosmos.html

Somehow I think my brain.... will hurt a little afterwards :o)

Interesting 5/15/30 year "seasonality" overlays in the price of gold





The "you are here" reminds me of the old tourist maps in city centres, where you pressed the button........and a light illuminated on the map with "you are here"
- happy days
(mind you sat navs on phones in your pocket are easier to find....than in the old days wandering around....trying to just find the city centre tourist map itself ..so you could then press...the button)

Yes - I am fascinated with conciousness evoked reality. I will try and get around the rights restrictions in my area preventing veiwing of the video you posted.

I have tried in the past to use my conciousness to bend space to my will, but was unsuccesful. The only way I could get what I wanted was to devise a strategy and work towards it.

Also if I were to be unconcious for a time then my reality would cease to exist whereas when I were to regain my conciousness my reality had continued without me conciously knowing.

Eerie stuff.

S.

Sahara - this ressonated with me when i watched it earlier today....7 mins

Effectively....we are all in this same reality room - we're just perceiving different channels
- most are tuned in to the.. 3 main channels
- channel 7 (the denial channel) or,
- channel 13 (The ignorance is bliss channel)
- Sky Sports

http://www.youtube.com/watch?feature=player_embedded&v=CZo1sXsC-68

'mmm - has JPM now loaded up to the gunnels

The Morgues precious metals team
- now sees a number of reasons....... to be long gold.
Noting the market's shrugging off of Paulson's unwind ("delivering an exclamation mark to define the end of the fall in gold stocks"),
- JPMorgan (ironically) suggests the questionable price action in the paper markets in light of unprecedented physical demand combined with the seasonal positives (and physical supply restrictions)

- all points to....... "getting long the gold space,"

Thanks guys for all your posts of late and giving me a shed load to read, watch and listen.
Some very interesting stuff indeed.

In addition to your fab posts, 2 peaches for you all,
Here's the latest Bill Holter

http://blog.milesfranklin.com/10-yr-treasury-2-75


and the latest Jeff Nielson.

http://www.bullionbullscanada.com/gold-commentary/26300-q2-gold-demand-wgc-cant-spell-decoupling

How did this get on CNBC - without the customary - cut to ad break - or swamp out by the talking heads ??






In response to the question of why gold is going up,
Hathaway begins:

"The first thing is that there is a big short squeeze taking place. ...
- People who have paper claims on gold, which would be futures, derivatives, ETFs and so forth .........are demanding settlement in terms of physical gold.

Why that's important is because the paper gold market is leveraged more than 100 to 1 versus the underlying bullion.
- So it looks like to me that people are losing confidence in the traditional intermediaries....... between the paper and physical markets.

And you can see that with the dramatic drawdown in registered COMEX warehouse stocks..."


Hathaway reasserts that, taking a long term view, the reason for being in gold is monetary debasement,
- to which, given the actions of the world's central banks, there is no end in sight.


Hathaway’s contention that a short squeeze is underway is of course supported by backwardation on the COMEX, a negative gold forward offered rate or GOFO in London (currently negative out to 6-months), a dramatic downdraft of registered gold stocks in COMEX warehouses and by the price action of both gold and silver in our opinion.


Right after Hathaway’s interview the CNBC talking heads took a dim view of gold.
( No surprise there),
- but it is very comforting to gold bulls to see it!

COT report

Those commercials like JPM etc that have been short in silver added a monstrous
- 11,969 contracts to their short side.

(& silver has nonetheless been - rising)

If the commercials did not supply this massive amount of silver contracts
- you could imagine what silver's price.... would have been

The O'Barmy had a big meeting with the Banksters around 12th April
- as they say the rest is history.

With crashing comex inventory
- Bond yields on the rise
- Significant PM premiums in the East
- GLD being milked of physical
- LBMA having requested delivery times be extended 66% (From 3 days to 5)
- GOFO rates being negative for 30 days plus
- The Morgue not having made.. it's June silver deliveries yet

Any guesses what this meeting could be about

Mark Knoller ✔ @markknoller
Meeting with POTUS tomorrow are heads of
- the CFPB,
- FHFA,
- the Fed,
- CFTC,
- FDIC,
- NCUA,
- the SEC
- & Comptroller of the Currency.

(via z/hedge)

Could be an interesting week
(They have tried the big hammer of brute paper force & it backfired....what next ??)

Posted August 18th, 2013 at 9:03 AM (CST)
- by Jim Sinclair & filed under General Editorial.

My Dear Mr. Paulson and Extended Family,

What a mess Western inspired and conducted "Arab Spring" has brought on US interests.

China using the Northern Passage for shipping with the USA having no effective ice breakers is a major trade game changer.

Every weakness the West has economically and politically is being utilized to bring the BRICS into a position to float the new BRICs "Euro R4 standard currency."

Gold is for saving, Mr. Paulson, not the Big Kahuna speculation. Fiat currency is for transactions.

Close that new gold swap you have,
- buy your full of bullion position back ....as bullion gold

- and double it in the next few weeks.

It will be the last chance you all have to buy physical gold at anything near these discounted gold prices.

Respectfully,
Jim

http://www.jsmineset.com/2013/08/18/the-mess-arab-spring-has-brought/

Thanks for all the links etc guys. Not contributing, but still reading and appreciate all the work you put in.

mabel

Posted by yikyak in the other place.

http://www.tfmetalsreport.com/blog/4968/big-fat-zero-public

Great posts!

Remember the Dawkins laughable gaff on stage? Well here is more that debunks the foisted upon us lie of evolution...

http://www.youtube.com/watch?v=U0u3-2CGOMQ#at=741

S.

Hi Mabel glad you are still with us and for Furgusons link - he does make an excellent argument - that the Morgue is stacking the physical for their own account.
-so the morgue has flipped a huge net short position to a huge long position
- and is snapping up around 80% of last & this months comex deliveries for their own house account
- and all in the face of frantic world demand

No wonder the price crashed :o)

Sahara - it's amazing to see Joe P & university acedemics faces when asked for - evidence
- of an evolutionary... change of kind
- their expressions are a true picture to behold.

Asian Hedge Fund Manager - Bill Kaye....on the scrap..crap

You have to remember that if you look at the World Gold Council reports,
- there is no line item for .....gold which is sold into the system
- that was leased from central banks.
Now this is amazing because we know this occurs.
The central banks themselves have admitted it.

The central banks control more gold than any other entity in the world,
- so how can the World Gold Council ....ignore such an important factor in the market?
- But they do.
So central bank gold supply into the market is concealed .....through the scrap side of the business.

Interestingly, Thomson Reuters confirms the World Gold Council’s ...scrap numbers.
- But Thomson Reuters.... will not share,
- and neither will the World Gold Council,..... their numbers with us.
- They won’t tell us where their sources are.
- They won’t document the numbers.
- They will just say, ‘take it or leave it.’
Well, I prefer to leave it. When someone says, ‘take it or leave it,’ and .....I’m paying for their service, I’ll leave it.

I just don’t trust people that won’t come clean.
- We said,........ ‘Prove to us that you didn’t just make them up,’
- and they refused to do it.
So I am very suspicious of those (scrap) numbers. And I now side entirely with our sources,..... and we have more than one, ......who have said for some time now that

‘They just make this stuff up.’

So this is how they attempt to camouflage
- what the central banks are doing in the physical gold market.
- Well, the Western central banks, .... are running out of gold.
So,
- naturally the (scrap) number is going to drop markedly
- because the central banks..... are cutting back on their delivery of gold into the system
- because they are simply running out of gold.

I pointed out that - Johnny Foreigner was - dumping US T-Bonds

- in the month of June the international community did something ....it has not done in years
- it sold US Treasurys with passionate zeal and reckless abandon.
- In fact, in that one month alone, $57 billion in total Treasury holdings
- was dumped in order to avoid major and accelerating losses.
- And yet
- there was one entity that was buying, on a virtually matched dollar-for-dollar basis,
- all that the foreign entities had to sell.
- The distribution of June sales among the select largest holders of US paper,
- and the sole, solitary buyer,........ is shown on the chart below.

Just the singular - one - solitary, mystery buyer X

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/08/Mystery%20Buyer%20X_0.jpg

Like any good commercial "helicopter pilot"
- Ben flies out dropping the dollars
- but likes a load on the return journey
- obviously - the return cargo is - dumped T- bonds