Tag Archives: Silver

A little clarity for the “subject”

 

Occasnl Trvlr says:

“Level Playing Field” & “Debt Jubilee”

Considering the temporal realm, what does “wealth” consist of?  For anyone answering something like “lots of cash,” or “money in the bank,” thanks for playing, and you get no consolation prize.  I doubt that very few, if any, readers of WHA’s blog would have given such an answer;  we see through the false promises of fiat currency.

Gold, silver, energy (oil and gas), farmland, real estate, water rights, mineral ores, machinery, patents;  these are better measures of, and stores of, actual (temporal) wealth.

Let’s look at gold as an example.  (I’m going to play a little fast and loose with the numbers, but they’ll be close enough to make the point.)  The amount of gold known to have come from the Earth is somewhere in the neighborhood of 150,000 tonnes.  So let’s start with that, throw in the 170,500 tonnes that Karen Hudes talks about, and then just for fun, let’s throw in another 50,000 tonnes.  That would give us a wholly-unprovable, generously-high, world-wide estimate of a total of 370,500 tonnes.

Now, let’s level the playing field.  Given the estimate of some 7.2 billion of us on Earth, we each end up with about 1 and 2/3′s troy ounces of gold.  I would be delighted to receive 1 and 2/3′s ounces of gold;  it is nothing to sneeze at.  But I daresay, I don’t see that as a life-changing windfall for most people living in the developed economies.

The same is true of any measure of actual wealth or value:  all of it (including generous estimates of any hidden wealth), spread out throughout a truly level playing-field, doesn’t add up to a life-changing windfall for anyone except the world’s desperately poor.  And, remember, for such a theoretical exercise as I did above, the assets aren’t added to what each person already owns;  everyone who owns anything loses everything first, so that everything can be evenly redistributed.

Want to go a step further, and disannul all debts through a debt jubilee?  Keep in mind, in this cursed fiat-currency world we live in, every unit of currency that is anyone’s asset is someone else’s liability.  Any “money” anyone has saved in a pension, IRA, bank account, savings for education, or stuffed in the mattress, instantly becomes worthless.  It’s axiomatic, currency cannot exist without debt:  relieving everyone of their debt would dissolve the underlying obligation behind every existing unit of currency.

Thinking that a “level playing field” or a “debt jubilee” is in order?  Everyone should be fully aware of what they are hoping for.

Thank you, WHA, for the blog!

FACT CHECK #95

“……In a future essay I will be focusing on the re-emergence of Vietnam into the global economy.  But for now I’d like to bring notice to the fact that their economic growth is astounding with a middle class that is swelling and an economy that is attracting huge investment.  Vietnam has the lowest unemployment rate on the planet. Samsung is moving its factories into Vietnam.  Russia has signed an agreement with Vietnam to build a $28 Billion oil refinery, the second largest in all of Asia, with more to come.  Even Starbucks is getting into the Vietnam craze.

The Vietnamese people hold 300 to 400 tonnes of personal gold.  That is equal to or greater than the gold holdings of Great Britain. The State Bank of Vietnam is planning on converting this gold into dong deposits with the intent of strengthening the currency.  Add this to the gold that will be imported into the vaults of the central bank through the Shanghai Gold Exchange, and you have the makings of a very strong regional power.  I would suspect that Vietnam will become a contributing member too the BRICS Development Bank and the SDR compositions for the region.”

============================================================================

We thought this article was very interesting for many who feel that Vietnam is still a backwater surrounded by rice paddies and crumbling temples, without any hope of seeing a valuable currency.

Even more interesting is the comment on gold and its use to provide the kind of hard metal backing that will allow the currency to appreciate in value within the framework of the new gold backed system of international exchange, which will replace the USD as the reserve standard. 

The articles on this blog, so far, have been some of the best we have seen in clarifying the new horizons. And overall, it lends further credibility to the absolute fact that the GCR is real.

Vietnam is just one example of the 20 countries set to see their currencies revalue up and down, including the USD. 

Hold on to your hats. 2014 is going to be one for the books.

WHA

http://whitehatauxiliaries.wordpress.com/2014/01/30/fact-check-95/

 

FACT CHECK #94

 

Found at http://www.lindseywilliams.net/lindsey-williams-new-information-and-radio-schedule/ :

The following quotes were found in the above article by Lindsey Williams. We are not here to promote Lindsey Williams, but the content of this article contains further information that we thought you would all find very interesting. Stay tuned at the end for a brief special message from the WHA.

First, Max Keiser of the Max Keiser Financial War Reports writes:

““What will happen is there’s going to be a currency revaluation across the globe. The dollar will probably be cut in half versus its other major trading currencies. Gold in particular will have to be, as it was in the 30’s, valued upward. So gold and precious metals and any currency that beings in a basket of commodities or precious metals as the basis of that currency will, in concert, you’re going to see a revaluation of gold bullion I believe… and you can see the price of gold move up 50, 60% in one day or one week, or it could move 100% in a week. This means that all currencies are going to be revalued against gold and the currency that stands to lose the most would be the US dollar.

And people will wake up in America, as it has happened in other countries, like Iceland recently, or other bail out countries from the IMF, or in Russia, or in the UK in the 70’s and suddenly they wake up and it’s like our currency was devalued by 50%, we’re now being bailed out by the IMF and the world bank, everything at the store costs double or triple or quadruple, and there’s nothing they can do about it because it’s not like these things happening without a careful coordinated plan by the banking establishments around the world that’s setting this all up to go when it needs to go. It’s going to be relatively effortless on their part.” 

Further down the article, there is a recapitulation of the recent remarks from IMF Chief Christine Lagarde which reads:

“There is thorough analysis of the chairman of the IMF Christine Lagarde’s recent speech at The National Press Club including the blatant statement alluding to global currency reset “…forthcoming asset quality and stress tests that will take place in 2014.” Later global currency reset confirmed in her speech at Davos World Economic Forum… “We Need a RESET IN THE WAY THE ECONOMY GROWS Around the World”. The IMF is telling you what they are going to do. Definitely keep an eye out on what the IMF is saying.”

Additionally, there is a quote from Mexican Billionaire Hugo Salinas Price who comments on the current world financial system:

“…….The world is attempting to live by means of the great lie of fiat money. It will not work. You deal with Reality by means of Truth; Truth is thinking that checks with Reality. Gold is money, and if we refuse to face that fact, we are lying.” He also talks about how we got to this current global economic crisis. “We got to this state because our leaders – in Universities and in Politics – have wished to forget Reality and have thought that by using our brains we can get around Reality. Thus our thinkers and political leaders have been attempting to put Reality to one side and in its place, use fictitious money, which can be manipulated to keep people happy.” He goes on to say “Our leaders have chosen mass deceit as their instrument of power. What they will obtain will be utter chaos and disorder, and mass impoverishment.” Price goes on to say “The clear beneficiaries of monetary and credit expansion are those who get the money and the credit first, before the rest of the people. They become wealthier, at least for a time, while the rest of the people sink into diminished well-being. But, eventually, all goes up in smoke and heads begin to roll: those of the guilty as well as those of the innocent…….”

We will let you enjoy the article in total when you have time to read it. Again, we are not promoting the site other than to share information of a relevant nature to the Global Currency Reset. We get ZERO compensation if any of you patronize the products sold on the blog. 

Lastly, we have had a very brief exchange from our wonderful WH contact tonight. The exchange was very brief. There is a reason for that. We do not want to interrupt their important work with constant demands for information. We use our best judgment in this area to balance the desire for information with the even stronger desire to see their mission conclude as soon as possible. There can be no doubt that the GCR is real and is coming. The cat is way out of the bag and has scampered up the drapes and is screeching at the mouse in the rafters. Our focus now is just the general progression of the event. With that in mind I am happy to report to you all that progress is brisk and the inexorable motion towards the unleashing of the worlds largest financial transaction of our time is continuing!

Do NOT be convinced to join some offbeat campaign to call politicians or become involved in some half-baked, grabastic, disorganized hustle to “organize” so you can “be heard”. Do you honestly think that such spastic actions are going to to ANYTHING to affect what is being done behind the scenes by people who are miles away and light-years ahead of any such deluded efforts??

The best thing you can do right now is attend to your lives and just prepare yourselves as best you can for what is coming. Leave the heavy lifting to those who are expert at it.

In closing, I have to say I am very, very proud to have many of you involved in our effort to keep people informed. You have acted, FAR AND AWAY, with more dignity and intelligence than 90% of the people I have observed, who continue to forward ridiculous “intel” from “sources” and whip up the anxieties of people in a needless fashion.

Continue on, and thank you all for your readership.

And, once again, thank you to the White Hats for your continuing efforts to accomplish your mission!

WHA

Banks Wobbling…Bitcoin Getting STRONGER

Bix Weir   Today at 9:28 AM

To       Andy Valisalo
        

The Global Banking system is wobbling dangerously out of control…as expected at this point of the battles. From investigations to withdrawal restrictions to back office computer “glitches” to flat out threats of confiscation it’s not hard to see…even for the Regular Joe. Here are just a few of the stories coming out…  

 
China Halts Bank Cash Transfers

http://www.marketwatch.com/story/china-halts-transfers-at-citi-other-banks-report-2014-01-26

 
Justice Department Inquiry Takes Aim at Banks’ Businesses with Payday Lenders
 
First HSBC Halts Large Withdrawals now Lloyds ATM’s Stop Working
 
Bundesbank Calls for Capital Levy to Avert Government Bankruptcies
 
And it goes on and on. The net effect of all this PLANNED CHAOS is easy to understand. It’s to get the Sheeple thinking…
 
BANKS = BAD
 
That is the mindset that is needed going into the coming crash. That was not the mindset of the Sheeple in 2008 when Hank Paulson held a gun to Congress’ head and said “Hand over $700B or else!” Here was his rationalization in his Congressional testimony to justify handing over all that money to the Banking Cabal…
 
Hank Paulson Justifying the 2008 Bailout to Congress
 
Can you imagine if Jack Lew tried the same song and dance today?! HA! Not a chance in the world it would pass!!
 
As for alternatives to the banks? Bitcoin was in the news today because another Bitcoin operator tried to break the law and got caught…
 
Bitcoin Dealers Charged with Money Laundering
 
Obviously the anti-Bitcoin crowd is going to chime in with “A bunch of criminals operate in Bitcoin!” and “See, it’s a scam that’s going to fall to zero!”.
 
All I have to say is BAHAHAHA!
 
Clearly they have no clue what is happening as Bitcoin grows and strengthens. Taking the bad actors out is THE BEST THING THAT EVER HAPPENED TO BITCOIN! As everyone should know by now Bitcoin transactions are NOT anonymous as every transaction ever made is part of the public Blockchain record. It is the WORST place to try to hide illegal transactions as we are seeing with all these arrests. The PROOF is in the Blockchain!
 
If I were a drug dealer I’d go back to my “old school” money laundering partners like HSBC!!! You can get away with anything there if you cut them in!!
 
Anyway, the Bitcoin phenomenon continues to grow around the world and it will get VERY INTENSE as the Banks start to fall.  Brazil is the latest country catching on…
 
Bitcoin Seen as Safe Haven in Brazil
  
My take? Bitcoin will be well over $10,000 per coin sometime in 2004…
 
…and that’s conservative!
 
Nothing is accidental anymore and there are no more coincidences. The stage is set for the final showdown between the Banksters and We the People.
 
Here’s your hint….WE WILL WIN THIS TIME!!!
 
May the Road you choose be the Right Road.
 
Bix Weir

The REAL Story of How We Got Here – Part 1

 

Thanks for the heads up, Jackie.

 

Bix Weir

  

We are standing on the very cusp of Greatness. What lies directly ahead of us is something that has been planned since before the inception of the US Federal Reserve system in December 1913. The more we understand about what happened in our past the more we will understand why we must go through this very painful transition. It is the only way to find the Greatness that was meant for our nation…as well as the human race.

The following is a brief history of what I think happened over these last 100 years in the United States. It pulls together many conspiracy theories and tears apart others. I am not going to link the information that proves my theory correct in this article because it would take too long and distract from the story but it is all proven in the pages of the Road to Roota website. It can all be found in the archive links at the bottom of each section. Or, if you don’t want to read everything, just search for the topic you are interested in and you will find what you need.

*Ultimately, there will be those of you who do not believe what I am about to tell you and I respect that. But I do ask that before you discount this version of our past that you take a good hard look at all my research and evidence. I have found that when people take the time to understand the Road to Roota Theory they have an entirely new view on what is happening now and what is about to transpire.

WHAT FOLLOWS IS MY STORY OF WHAT I THINK HAPPENED.

In the late 1800’s an explorer in the Grand Canyon came across the largest  gold deposit ever discovered in the history of the world. It was located in the side of a shear cliff within one of the canyon walls. In addition there were vast amounts of gold flakes in the river banks and silt mounds surrounding the seam.  This bounty of gold was so vast that it defied logic. Unfortunately for the explorer, it was very hard to access at that time making the recovery of the gold on a large scale practically impossible. It was also surrounded by sacred lands of the American Indians who defended this sacred canyon with their lives. 

Word got out about this discovery and mining plans were being drawn up, financed by wealthy and powerful people out of Chicago. By the early 1900’s railroad tracks were laid, bridges and roads were built as vast construction  was underway with large mining equipment being set up to process and excavate the gold.

On June 19, 1912 this amazing gold find was announced to the world in an article in the New York Times.

  

After word got out, the ramifications of this gigantic treasure began to sink in. The rich and powerful had come to the conclusion that this amount of gold COULD UPHEND THE WORLD’S FINANCIAL STRUCTURE IF ALLOWED TO BE MINED. They were right and here’s why…

In the early 1900’s the world was on a Gold & Silver Standard meaning that almost every country around the world used gold and silver as money. That was all they had as money…coins and bars of gold and silver. All paper financial transactions were also backed by gold and silver held on account at a bank.  There were no electronic blips sitting on some computer hard drive to tell you how rich you were. There were stacks of gold and silver coins in which a person’s wealth was safely stored. At the time also, silver was in abundance because there were no electronic or industrial applications that consumed silver. Silver’s value and use was as money. Not only that but silver was easy to mine as it tends to be found in very shallow earth deposits. The world was floating in billions of ounces of silver and most of it was in use as money.

Gold on the other hand was fairly rare. It was held by nations and kings and royalty. Only the wealthiest of wealthy held large quantities of gold and they hoarded it and coveted it above all else. Gold was what separated them from the working class who transacted commerce in the abundant silver monetary instruments. Gold is what made the rich and powerful…well, Rich and Powerful.

So when the world heard about the vast gold find in the Grand Canyon those who ran the world at the time were frightened. The rumors were that hundreds of thousands, if not millions, of tons of gold may come into circulation from this excavation. The rich and powerful were afraid that if the world became awash in GOLD then the value of their fortunes would be slashed dramatically…along with their power. And they were right. But they also knew that it would massively disrupt the social order for the common man as centuries of commerce using gold had divided the wealth fairly well amongst all classes of people even if the rich had the most. There was a certain structure and harmony in the monetary system that was working for the most part.

So scenarios were put before the leaders of the United States in which the banks showed how an influx of this quantity of currency could destroy the country by disrupting the social order that was accepted and ran smoothly. Although the rich had the most to lose, everyone would be drastically affected.

Ultimately, the banker’s theories were accepted and the mining project was halted immediately. The sacred ground where this fortune lies was then sequestered by the United States. It was put into a cordoned off area of the Grand Canyon and is heavily guarded by the US Military to the present day. This treasure has been lying in wait for over 100 years. Every crooked US President since its discovery has tried to open this area up to extract the gold but those in Congress sworn to protect this treasure have held them off and still do to this day.

Back to the early 1900’s…

Knowing that the United States held this vast amount of unprocessed gold will help you understand many of the seemingly unconstitutional events that have transpired over all this time. The creation of the Federal Reserve Bank for example. Ever since the United States was founded the Banksters had been trying to get their hands on the purse strings of our young and free nation but to no avail. The US knew what the Banksters were up to and structured our founding documents such that their usurpation of our nation would be difficult for them if not impossible.

So they thought.

It was the Bankers that came up with the plan of how to handle the sudden potential disruption of the monetary supply of the world. They would handle this “problem” through the creation of the US Federal Reserve Bank and carefully control the global monetary system such that it wouldn’t be affected by any massive increases or decreases in the supply of money (gold). From that cold December evening in 1913 when the Federal Reserve Act was passed by just a handful of Congressmen, the Fed has been tasked with CONTROLLING the PERCEPTION of the quantity and value of gold for our country…and the world.

More in Part 2 which will be posted …SOON!

*If any of this seems fanciful to you PLEASE use the search function on the RoadtoRoota website and you will find all the backup documentation…CUZ IT’S ALL TRUE!

Bix Weir www.RoadtoRoota.com

*IMPORTANT READ FOR PRIVATE ROAD MEMBERS:

Get out of Gold and into Silver Now! http://www.roadtoroota.com/members/817.cfm

IS THE INTERNATIONAL MONETARY FUND HINTING ABOUT AN ECONOMIC RESET?

 

So, let’s see what happens by Jan 28th, 

 

It has been rumored for quite some time that the economic powers in the world, namely the Bank for International Settlements, The International Monetary Fund, and the World Bank have been working closely with most of the worlds countries on an economic reset.

The idea behind the reset is to prevent a complete collapse of the banking industry worldwide.  When one calculates the amount of debt in the world today, the instability of the whole system is obvious.

So the main components of a reset will consist of a global currency revaluation, a new gold trade settlement system, and improved banking regulations to increase a banks assets and decrease their liabilities.  The Bank for International Settlements has been slowly and quietly implementing these new regulations, Basel 1, Basel 2, and Basel 3.   So banks decreasing their liabilities (less leveraging) means a contraction or reduction in the credit supply.

Since credit is another way of saying debt, we can reason that the plan is to have less debt in the world economy.  So what happens when every dollar in circulation is a debt dollar?  How do you reduce debt without decreasing economic growth?

Christine Lagarde, Managing Director of The International Monetary Fund, speaking from Nairobi today, said that they will be revising upward their forecast on global growth.  This new forecast will be made public in 3 weeks.  She stated that it was premature to say anything more.

It was only this past October that the I.M.F. issued their last global growth forecast and it was downward for 2014.  So what has changed in the last 3 months for the I.M.F. to revise the forecast upward?

If the plan is less leverage, how can we expect growth when the system of money creation is a debt based system?  We can micro analyse endless charts and money velocity forever.  The fact is our money creation method is debt based and debt is increasing at alarming rates.  So what gives?

A global currency revaluation is one of the main components of an overall macro economic reset.  The consensus is that the world’s currencies will become partially asset backed and will be revalued to reflect each countries capacity to produce and bring those assets to market.  In essence, it will be a bastardized version of fiat currencies and commodity currencies. It will be a Frankenstein monstrosity which will lumber around the country side dreaming of becoming real money, like gold or silver.  And like the sad and ill-fated beast, it will eventually die the tortured death of things that wanted to be but never could.

That death will most likely occur 10 to 15 years after the currency revaluation, so we need not worry too much about it right now.

A currency revaluation will also mean a downward revalue of the U.S. dollar, which has been the world’s primary reserve currency since 1944.  This will leave a geo-political and military hole in the world.  In fact, we are already seeing this vacuum being filled in by Russia, China, and the rest of the emerging economies.  Remember how suddenly the U.S. backed down on their Syria threats, and started making peace with Iran shortly after.  And there are rumors of secret negotiations with Cuba, Hezbollah, and even North Korea.

This rumored reset would have to be one of the most complicated and intricate systems ever attempted.  In fact, if one knows where to look, you can see this new system being created just underneath the surface of the old.  And like new flesh crawling upwards to cover the bones of the old, the economic reset will happen.  The monster will be given a new body and new life, if only temporarily.

Perhaps the I.M.F. just gave us a hint of what is too come.  Commodities may be a great place to transfer some wealth.  Especially into the very affordable Silver.       – JC

Link to the Economic Times of India article on todays announcement:

http://economictimes.indiatimes.com/news/international/business/imf-to-revise-upwards-global-growth-forecast-christine-lagarde/articleshow/28525415.cms

 

Bix Weir sent me an email (others too)

 

Interesting stuff, hope the wheels are turning.

2013 had some dominant theme’s that hit the Mainstream Media and it seems that many of the items related to the Road to Roota Theory are still with us. For example, JP Morgan just can’t get out cleanly anymore from their criminality…
 
JP Morgan Nears $2B Deal Over Involvement with Madoff
 
“JPMorgan Chase & Co is nearing a  $2 billion settlement with federal authorities to resolve  suspicions that the bank ignored signs of Bernard Madoff’s Ponzi  scheme, the New York Times reported, citing people briefed on  the case.”
“The bank’s civil and criminal settlements would also involve  a deferred prosecution agreement, a criminal action that would  suspend an indictment as long as the bank acknowledged the facts  of the government’s case and changed its behavior, the NY Times  said.”
 
END
 
I know a lot of you are thinking…”SO WHAT? THEY JUST PAID A FINE AND WALKED AWAY AGAIN!”
 
On one level you are right. On another level these settlements and lawsuits are laying out a very clear message to JPM and the banking cabal…THE FUTURE WILL BE DIFFERENT.
 
Remember, in order to run a truly unbacked fiat monetary system you MUST rig the markets…especially gold and silver. Their prices must be kept under control. It is a requirement. It is a necessity. It has been done via computer programs since the very first computer trading programs were introduced by Alan Greenspan in the 1970’s.
 
That’s the way the unbacked fiat system has worked for over 40 years.
 
And now that is ending…at least on the Bankster level. Removing the Institutionalized Market Rigging avenues is very, very bad for the system. Of course the Bad Guys will try to work around the new barriers. For example, they are TRYING to move the rigging control mechanism into the hedge funds. Currently it’s BlackRock “trading” collusively with companies like Tim Geithner’s hedge fund, Warburg Pincus, but I’m not convinced that it will work. They don’t have the protection of the Fed and US Treasury so it leaves them very vulnerable to an “official take-down” by the Good Guys. Keep an eye on the hedge funds if you are looking for future gold/silver market manipulation.
 
Anyway you slice it silver and gold rigging operations as 2014 is a whole new ball game.
 
As for the other big theme that has made the transfer from 2013 to 2014…
 
BITCOIN IS JUMPING UP OVER $1,000 AGAIN!
 
Now I know how hard it has been for many of you to understand and trust the concept behind Bitcoin because for so long we have understood physical gold and silver as the only alternatives to unbacked fiat money. But Bitcoin is just that…ANOTHER alternative! True, it doesn’t have thousands of years of history as money but how could it have? Computer money has only been around for 40 years! You have no problem accepting our current digital money issued from the Banksters and Fed so why would you have a problem trusting a digital money that CAN’T be mass produced and is controlled by NOBODY??
 
Oh, and please don’t send me any more “anti-bitcoin” articles. I’ve read them all and they all fall short of convincing me that Bitcoin won’t be with us during and after the Global Monetary Meltdown. Even the arguments that bring up weakness in the Bitcoin protocol forget that Bitcoin is anti-fragile…meaning it learns from it’s own weaknesses and failures and becomes stronger and stronger by understanding and fixing the problem.
 
In the end you will find that Bitcoin will be used side-by-side with physical gold and silver after the CRASH so you’d better just get used to it.
 
Here’s an interview I did on it in 2013 and information on how to get started with Bitcoin.
 
INTERVIEW: Bitcoin, Gold & Silver will Survive the Global Implosion
 
I will be posting an updated “Timeline” article for 2014 in the next few weeks. Of course it’s not exact but it gives you an idea about when I think certain important things will occur in this most important year.
 
For Private Road Subscribers here’s the Timeline I posted in September 2013. Not bad for an amateur Nostradamus :-)…
 
Timeline on the Road to RootA
 
 
For those of you suffering through the freezing cold…hang in there! According to Clif High it’s going to last a very, very long time 😦
 
May the Road you choose be the Right Road.
 
Bix Weir

Speechless Turd, Something Is Very Wrong, What Could Be Up!

Published : June 03rd, 2013
3807 words – Reading time : 9 – 15 minutes
 

Turd Ferguson, of the TF Metals Report, does superb work and commentary on the precious metals markets. His latest analysis on Friday’s Commitment of Traders Report caught my attention for a number of reasons, in addition to it being so well done. Here it is with his permission to show to you:

Speechless Turd

Friday, May 31, 2013 at 5:28 PM

We knew that this week’s COT was going to be interesting but I didn’t expect it to leave me speechless.

Look, I know I’ve been banging this drum for months and all the metals have done is go down. Got it. I read you loud and clear. But we’re talking big picture, positioning stuff here. I am 100% firm in my belief that QE8 caught the bullion banks with their pants down. All of the price action since 9/13/12 has been designed to alleviate the gigantic financial risk and potential liability of being short paper metal. By smashing price, against the fundamentals, from $1800 to $1350 and from $35 to $22, The Cartel Banks have accomplished two things:

  • They’ve been able to transfer the vast majority of their potential liability from themselves to the speculator sector (hedge funds, managed money, small investors).
  • And now, instead of being trapped short, they are a in position to profit from the inevitable explosion in price.

Even though it’s blatantly criminal, you almost have to give them credit. That they’ve been able to pull this off in broad daylight is simply astounding. On the level of Oceans 11.

Once again and with meaning: On 9/11/12, two days before the announcement of QE8 and with gold already at $1800, The Gold Cartel was net short 237,091 Comex contracts. That’s 23,709,100 paper troy ounces or about 737 metric tonnes of gold. As of last Tuesday, they are now net short just 59,221 contracts or about 184 metric tonnes. A reduction of just over 75%! Oh, and did I mention that, over the same time period, the GLD has been raided for 277 metric tonnes? Just thought I’d throw that in, too. Simply magnificent! The Crime of The Century! Ah, screw that. That’s The Crime of The 20th Century, too!! Amazing.

So, here are your numbers. Keep in mind that, for the reporting week, gold was up $1.30 while total open interest fell ahead of June13 expiration by 35,086 contracts. Also keep on mind that for Wednesday and Thursday of this week, total OI fell another 25,110 contracts. One can only imagine how much more long-term bullish these levels are as of this weekend.GOLDFor the week, the Large Specs dumped 16,836 longs and added 6,544 new shorts (quite a few of which got squeezed yesterday and put back on today). This brings the Large Spec net long total down to just 56,879 contracts. Do you think that’s a lot? Hmmm. What if I told you that, back on 9/11/12, the Large Specs were net long 182,016? From a different perspective, back on 9/11/12, the Large Spec net long ratio was 6.62:1. As of last Tuesday, it was down to1.49:1. And here’s a little more perspective for you: At the price lows on 12/27/2011, the Large Specs were net long 130,788 with a ratio of 4.57:1 and at the price lows of last August they were net long 114,304 with a ratio of 3.43:1. Again, as of last Tuesday, the Large Specs were net long just 56,879 contracts and had a net long ratio of 1.49:1. The Small Specs also reduced their net long position by a little over 1500 contracts and they are now net long just 2,342 total contracts. Again, by contrast, back on 9/11/12 the Small Specs were net long 55,075. That’s a reduction of nearly 96%!And The Gold Cartel. What did they accomplish this week? Not much…No, they just reduced their net short exposure by nearly 25,000 contracts! Again and as stated above, The Gold Cartel is now net short just 59,221 contracts or 184 metric tonnes of paper gold. Back on 9/11/12, they were net short 237,091 contracts or 737 metric tonnes of paper gold. The new Cartel net short ratio is just 1.34:1. This means that they are now long 3 contracts for every four that they are short. Incredible!

Read the rest of it here at “24hr Gold” site

http://www.24hgold.com/english/news-gold-silver-speechless-turd-something-is-very-wrong-what-could-be-up-.aspx?article=4397073028G10020&redirect=false&contributor=Bill+Murphy