Tag Archives: Comex paper gold

Merry Christmas! Silver and Gold Smashed – Back up the Sleigh

From The Daily Coin:

All [last week] the criminals on the COMEX and LBMA have been working their magic. While the precious metals “markets” are not rigged, *cough-cough*, just ask Jeffrey Christian or any other member of the CMP crime syndicate, and they will be happy to explain it all as normal, natural trading. Oh, that’s right, Deutsche Bank ratted out a bunch of criminal banks rigging the markets!!

The artificially low acquisition costs during the Shopping Season should get your attention. Today would be a good day to back-up-the-sleigh and off-load some very inexpensive precious metals.

According to didthesystemcollapse.com chart backwardation/premium to physical on the SGE remains above $50 per ounce for gold and just below $2 per ounce for silver.

You can read the rest of this here:   Merry X-Mas From The Comex

“Gold Prices Fall Just In Time For Diwali”

Holding physical gold and silver remains the primary hedge in preserving the purchasing power and liquidity of one’s wealth and assets in the difficult times ahead. The hedge needs to be held into and through the crisis, in order to provide its full benefit.  – John Williams, Shadowstats.com

I can’t figure out if the Fed/Wall Street bullion banks understand that every time they smash the price of gold with fraudulent paper gold contracts, it creates massive physical delivery demands in India and Asia.  But based on the market data in India/Asia, it would appear that the latest price take-down of gold has aroused the a sleeping gold giant in India.

The western banker gold cartel has made about a billion Indian really happy.  The paper gold price-management mechanism used to knock down the price of gold these past few weeks has stimulated a ground-swell of demand for imported kilo bars into India.

For the first time in several months, the ex-duty price of gold in India has been high enough to trigger heavy importing of kilo bars into India this past.  This is in addition to the heavy flow of dore bars and smuggled gold – the amount of which is completely ignored by the World Gold Council’s accounting of India’s imports.

The same is true for Asia:  “Individuals as well as business were picking up physical gold, as they see this pullback as an opportunity,” said Brian Lan, managing director at Singapore-based gold dealer GoldSilver Central – LINK.

As with every case of Central Bank/Government market intervention, unintended consequences always emerge to make the “problem” at which the intervention was directed even worse.   In this case, artificially lower gold prices have prompted a surge in eastern hemisphere buying.

These eastern Central Banks have been busy dumping Treasuries over the last 18 months.  It’s likely that they will use this opportunity to convert even more Treasuries into physical gold.

As John Brimelow, of the highly regarded “John Brimelow Gold Jottings” asserts:  “‘Someone” is going to have to work a great deal harder next week with China back and India in action, really for the first time this year both have been buyers.

SoT Market Update: The Fed Fails And Gold Glitters

In this installment of the Shadow Truth’s Market Update episode, we discuss the FOMC’s unwillingness and inability to raise interests even 25 basis points, the 2008 financial collapse redux, and that fact that gold is “sniffing out” a catastrophic market event on the horizon.