Wednesday, January 22, 2014
Subject: IMPORTANT INFO!!
"It's gotta be close".
(courtesy JBSlear/Fort Worth Trading Company)
Is the ratio in Silver and Gold much wider than the 100 to 1??
Tuesday, January 21, 2014 6:10
The US Dollar is under the support mode this morning with the trade at 81.480, up 11.8 points and at its top. No reasons for the rise except that eastern parts of Europe are in riot mode along with the assassinations of an IMF official and 4 UN controllers in Afghanistan. Not a good reason as far as we’re concerned. Treasuries are under the support mode as well but seem to be losing that price fix because of the sellers continuing to liquidate into support. Energy Sector is now trading higher with Crude Oil up 24 cents taking back the losses accrued in yesterday’s partial trade with the price now at $94.81 with the rest of the group following close behind along with another winter storm coming to the east coast. Gold is down again, after all, you can’t have it go higher just because a German Central Banker claiming that Gold is being manipulated and is the biggest conspiracy in the history of man now can we? The trade now stands at $1,245.50, down $6.50 and $1 off its low. Silver is down as well with its trade at $19.975, 32.9 cents lower and one penny off its low as well. Bitcoin, the only gauge that cannot be manipulated, continues to climb with the trade now at $960, up $5 from yesterday’s quote and within a trading range of $981 and $931, as more and more are getting out of the system any way they can! Grains are mostly lower with Bean Oil and Wheat the only exceptions, Softs are evenly mixed with Coffee and Cocoa trading higher, Sugar and Cotton trading lower and the Live Stock Sector remains closed till 9:10 AM Chicago time. Never worry about the Stepford Wives look on the Paper Markets. It no longer has any real economic reality support with the exception of the Working Group of Banks that do nothing but support the price regardless of the damage it does and the now complete lack of integrity and data might have to support it. In short, the damn things keep climbing when all hell should be breaking lose to the downside! Going back to Precious Metals for a moment, I called in on the Patrick Timpone Radio show with his guest Andrew Gause (a currency historian of very high caliber) on One Radio Network where we talked about the events surrounding Silver and Gold and the manipulations. (http://oneradionetwork.com/moneyfinance/andrew-gause-and-the-real-world-of-money-were-being-told-theyre-printing-less-but-theyre-printing-more-and-more-and-more-january-8-2014/ ) We both understand the draining of precious metals from the Comex exchange yet are confused as to why the prices keep going lower with part of their support mechanism being removed. But then Andrew brought up something that has been bothering me since. He said one of his sources thinks the ratio of 100 pieces of paper to every real contract of (1) Gold is being expanded and could be up to as much as a 400 to 1 ratio. In a closed system, this could not happen, but knowing how these banks work (illegally, or in total secrecy), why couldn’t this be the answer to their approach to keeping the prices of precious metals down? With 80% plus of the products gone from the Comex warehouses since April of last year, the CMEgroup no longer guaranteeing the Comex inventory count, the constant buying from Asia, their (Singapore and Hong Kong) opening up of the warehouses that promise open disclosure, and the total lack of trust of the USA’s government both within and without, why not? Open Interest doesn’t seem to be waning, and from my understanding, when a bar of Gold leaves the warehouse, it’s supposed to remove 100 pieces of paper from the exchanges hands but we don’t see the reduction of paper at all, only the product. Now the CFTC and the NFA have more egg on their face, because a German Central Banker admits the manipulations, yet they’ll sit there ideally by as the events come to conclusion collecting their incomes and choosing not to see anything. The real answers will come in time and most likely when the bank vaults are completely empty. What can we do as individuals? Take delivery of Silver and Gold and get it out of the system before China and India take it all with the approval of the western banking system! It’s time for the bullies of finance to get their comeuppance. In closing, keep your Precious Metals and Bitcoins close, get out of the system, and as always … Stay Strong!!
Posted by John MacHaffie at 5:51:00 PM