This article is pure Gold. Such a simple explanation of the manipulation and deception played out on such an important part of the financial sector. I will print this out and staple it to my wall. Thank you David.
Thank you David, that is a very insightful summary of the players and methods used to shift the global economy into this debt based Ponzi scheme. It suggests to me that there is no soft landing or gentle deflation available, rather a fast catastrophic currency event that will involve a dramatic repricing of real money???
And Trump knows the bankruptcy process well. It does seem to me that the USA is going bankrupt, I hope it is used to clear out these globalists entirely from the USA administration.
It is going to taste really sweet when actual supply doesn't deliver based on demand. Based on projected real availability of gold and silver it would be of no surprise to see silver become more valuable than gold in time .
That is the key to it all. Silver is a heavily used industrial metal. A paper contract has no value to companies that need actual silver. By forcing the price lower now, they increase actual delivery to end users. This just accelerates the draining of western silver to other countries. Once that is accomplished, a true supply/demand market should take hold.
Gold has a somewhat different but also compelling reasons to rise.
Charles Hugh Smith points out that big ("smart") money has been getting into 2-year Treasuries and out of risk assets for a month.
Does Anyone Else Smell a Market Crash in the Air?
Markets are manipulated, yes, but they're still structures of tightly bound, self-organizing complexity which lend themselves to sudden non-linear collapses.
Many can see that the current debt-based bubble economy is failing after rates were spiked.
The issue that we face is banking system failure and then a currency crisis as the assets mortgages, debt instruments, etc. see increasing default pushing the Fed to restart QE.
Bonds face both currency and default risk and Treasuries are not exempt from this.
The default risk of Treasuries is hidden by QE but it lurks nonetheless.
The smart money IMO is in physical gold and silver directly held.
Tom Luongo has long argued that the Fed seeks to cause a crash elsewhere first, such as at the ECB or BOJ. This may be playing out, particularly at the BOE, the "thinking head of the hydra", as it was recently called.
The big issue, I think, will be the "assignment of losses" in the coming reset-to-physical-economic-reality.
The top elites, the BlackRock crowd, should accept first losses, as a matter of economic reality. Their ownership/management has brought us all here through gambling and fraud with the livelihoods and retirements of the productive classes.
That is why politics becomes critical, going into this phase. It all hinges on the exercise of collective power and enforcement...
I do hope the "rationalists" prevail, which is being worked out NOW, before the November voting...
In a chaotic situation, one dare not reveal gold or silver possession, right?
The avarice and speculation are a knock-on from the central fraud in London run by the Bank of England 'regulators' and the coordinated ghost leasing of metal by central banks appears to have been operated by key private banks in coordination with the Bank for International Settlements where the 'regulators' gather in complete privacy.
Yep they use the war for an excuse, but literally who the hell actually believe that a damn local war will couse a global inflationary event in EVERY industry universally. People don't even know the definition of inflation though.
They will NEVER admit that they manipulated the price discovery mechanism for decades.
What I have never understood is why the Hedge Funds, allegedly super-smart traders, allow themselves to be led around by the nose by the Bullion banks in the paper Futures "markets". They get washed and rinsed out EVERY time and you would think that by now they would have understood that they are being exploited? They use Gold as part of an Fx strategy but they don't have to use paper Futures, the playground of the Bullion banks. They could, for instance, use physical-backed ETFs like Sprott which is also highly liquid and would help curb the manipulation against Gold in general and against them in particular!
When the paper market is healthy, the price can do anything at any time.
Agree that the 'hedge funds' have been repeatedly smoked.
Gold's price action this year is telling me that the paper market is not well.
But the play here is in directly securing bullion as I think that the bond market and banks are going to have a severe problem as rates resume their rise.
Thanks, yes the paper markets were intended NOT to be delivery markets but they are increasingly being used to source physical metal as it becomes scarcer or due to arbitrage when the Shanghai premium gets high. This is obviously putting pressure on the Bullion Banks' fractional reserve leveraged model as metal is furiously shipped in and out of Comex vaults instead of the usual balancing movement across painted lines.
I disagree about rates going up again unless the Fed returns to QE whilst returning rates to zero again first. I say that because I don't think what we have seen is monetary inflation ("REAL" inflation by definition) but the prolonged effects of a supply squeeze, now ending and which has the potential to result in DEflation
It is not that the physical cash metal markets were intended not to be delivery markets. It is that they were made into paper on the assumption that cash/spot contract holders would hold the contracts not recognizing the difference. Now enough contract holders are demanding delivery and the fatal flaw in the cash contracts is revealed. The paper era of naive contract purchasers being happy with their metal 'ownership' is nearing its end. The LBMA says the cash contract holders are unsecured creditors for metal.
The trend of the entire economy is clear. And I don’t mean to argue but the manipulation seems strong in general. We’re betting against the house, but in this case, the houses might bet against each other. Let me know if I’m thinking of it incorrectly.
The implementation of a (40%?) Gold-backed BRICS trade unit in October could be the catalyst and will certainly shake and wake up a very set in its ways and lethargic market where many investment houses, privy to Gold's dirty little secret, don't invest in Gold?
Just coincidentally, I read this report just now while taking a break from watching David Rogers Webb’s The Great Taking documentary video for the second time. It’s all connected and planned. Thanks David. Nothing like a little history to flesh out the story.
This article is pure Gold. Such a simple explanation of the manipulation and deception played out on such an important part of the financial sector. I will print this out and staple it to my wall. Thank you David.
Thank you Bharat for the kind note - it is my pleasure.
Great point. I am not a finance guy and I figured out that gls and slv are a joke.
Thank you David, that is a very insightful summary of the players and methods used to shift the global economy into this debt based Ponzi scheme. It suggests to me that there is no soft landing or gentle deflation available, rather a fast catastrophic currency event that will involve a dramatic repricing of real money???
When frauds collapse they tend to collapse entirely.
You can even see it with earnings announcements where quarterly results miss by a few cents per share - all of a sudden, the stock drops by 15%.
The London metal fraud goes to the root of our fraudulent system and will thus have heavy consequences when it fails.
And Trump knows the bankruptcy process well. It does seem to me that the USA is going bankrupt, I hope it is used to clear out these globalists entirely from the USA administration.
It is going to taste really sweet when actual supply doesn't deliver based on demand. Based on projected real availability of gold and silver it would be of no surprise to see silver become more valuable than gold in time .
Keep up the great market analysis.
I wish you well.
My pleasure - many thanks Jack Collins!
That is the key to it all. Silver is a heavily used industrial metal. A paper contract has no value to companies that need actual silver. By forcing the price lower now, they increase actual delivery to end users. This just accelerates the draining of western silver to other countries. Once that is accomplished, a true supply/demand market should take hold.
Gold has a somewhat different but also compelling reasons to rise.
Let me know when the beach house next to yours is available! I wish you well.
TY Jack!
Waiting for the real estate crash for the beach house. Just can’t buy near a top.
A few difficult years coming where we may not want to be on a beach.
That’s why I bought a place in the hills of Arkansas. When it was cheap.
Perfect.
Silver is the most important monetary metal historically.
It is the metal that was used for every-day exchange - food, fuel, etc. - on a daily basis by citizens.
When it soars, individuals will have silver as an option for a private medium of exchange.
That is one of the reasons the fight to suppress silver has been so intense.
It is still less than 60% of its 1980 high price.
Silver is also a critical industrial metal.
Charles Hugh Smith points out that big ("smart") money has been getting into 2-year Treasuries and out of risk assets for a month.
Does Anyone Else Smell a Market Crash in the Air?
Markets are manipulated, yes, but they're still structures of tightly bound, self-organizing complexity which lend themselves to sudden non-linear collapses.
https://charleshughsmith.substack.com/p/does-anyone-else-smell-a-market-crash
Many can see that the current debt-based bubble economy is failing after rates were spiked.
The issue that we face is banking system failure and then a currency crisis as the assets mortgages, debt instruments, etc. see increasing default pushing the Fed to restart QE.
Bonds face both currency and default risk and Treasuries are not exempt from this.
The default risk of Treasuries is hidden by QE but it lurks nonetheless.
The smart money IMO is in physical gold and silver directly held.
Tom Luongo has long argued that the Fed seeks to cause a crash elsewhere first, such as at the ECB or BOJ. This may be playing out, particularly at the BOE, the "thinking head of the hydra", as it was recently called.
The big issue, I think, will be the "assignment of losses" in the coming reset-to-physical-economic-reality.
The top elites, the BlackRock crowd, should accept first losses, as a matter of economic reality. Their ownership/management has brought us all here through gambling and fraud with the livelihoods and retirements of the productive classes.
That is why politics becomes critical, going into this phase. It all hinges on the exercise of collective power and enforcement...
I do hope the "rationalists" prevail, which is being worked out NOW, before the November voting...
In a chaotic situation, one dare not reveal gold or silver possession, right?
The avarice and speculation are a knock-on from the central fraud in London run by the Bank of England 'regulators' and the coordinated ghost leasing of metal by central banks appears to have been operated by key private banks in coordination with the Bank for International Settlements where the 'regulators' gather in complete privacy.
What comes next is going to be wild.
"Shadow War Right Now" is up: https://drjohnsblog.substack.com/p/shadow-war-right-now
Yep they use the war for an excuse, but literally who the hell actually believe that a damn local war will couse a global inflationary event in EVERY industry universally. People don't even know the definition of inflation though.
They will NEVER admit that they manipulated the price discovery mechanism for decades.
It was the Putin. /s
The Council on Foreign Relations want you.
David , you were brilliant on maneco64!
Keep on giving great information.
With appreciation
Thank you Jack - much appreciated!
What I have never understood is why the Hedge Funds, allegedly super-smart traders, allow themselves to be led around by the nose by the Bullion banks in the paper Futures "markets". They get washed and rinsed out EVERY time and you would think that by now they would have understood that they are being exploited? They use Gold as part of an Fx strategy but they don't have to use paper Futures, the playground of the Bullion banks. They could, for instance, use physical-backed ETFs like Sprott which is also highly liquid and would help curb the manipulation against Gold in general and against them in particular!
When the paper market is healthy, the price can do anything at any time.
Agree that the 'hedge funds' have been repeatedly smoked.
Gold's price action this year is telling me that the paper market is not well.
But the play here is in directly securing bullion as I think that the bond market and banks are going to have a severe problem as rates resume their rise.
Thanks, yes the paper markets were intended NOT to be delivery markets but they are increasingly being used to source physical metal as it becomes scarcer or due to arbitrage when the Shanghai premium gets high. This is obviously putting pressure on the Bullion Banks' fractional reserve leveraged model as metal is furiously shipped in and out of Comex vaults instead of the usual balancing movement across painted lines.
I disagree about rates going up again unless the Fed returns to QE whilst returning rates to zero again first. I say that because I don't think what we have seen is monetary inflation ("REAL" inflation by definition) but the prolonged effects of a supply squeeze, now ending and which has the potential to result in DEflation
It is not that the physical cash metal markets were intended not to be delivery markets. It is that they were made into paper on the assumption that cash/spot contract holders would hold the contracts not recognizing the difference. Now enough contract holders are demanding delivery and the fatal flaw in the cash contracts is revealed. The paper era of naive contract purchasers being happy with their metal 'ownership' is nearing its end. The LBMA says the cash contract holders are unsecured creditors for metal.
So, as it turns out, they aren't all totally stupid?..... ;-)
Waking up.
When? Do you have a prediction?
They can manipulate for years… as they have been.
As stated, the data shows there is a run on physical that terminates paper pricing.
Lease rates have been high for two years and gold is running.
Nobody knows the exact breakaway date but the trend is clear.
The trend of the entire economy is clear. And I don’t mean to argue but the manipulation seems strong in general. We’re betting against the house, but in this case, the houses might bet against each other. Let me know if I’m thinking of it incorrectly.
The data tells me exactly the opposite.
And all frauds collapse in the end.
Thank you for your work. I’ve been following you closely for a year and will make adjustments to portfolios. It feels like the time is near.
Thanks for clearing up my confusion. I’ll follow the data.
Do your own due diligence.
Only you can make your decisions.
The implementation of a (40%?) Gold-backed BRICS trade unit in October could be the catalyst and will certainly shake and wake up a very set in its ways and lethargic market where many investment houses, privy to Gold's dirty little secret, don't invest in Gold?
Its PUTIN!
He's everywhere all the time, it seems we're told. ; )
Good job most of us are deaf to the idle chat eh? It's a wonder Vlad is not getting the blame for the many potholes we have🤦🏻♂️😂
Just coincidentally, I read this report just now while taking a break from watching David Rogers Webb’s The Great Taking documentary video for the second time. It’s all connected and planned. Thanks David. Nothing like a little history to flesh out the story.
Indeed IG. The book Gold Wars shows even more pieces. It is a must read and I highly recommend it.
not just painful recession - currency and bond market crisis.
you will see demand for anything that is not paper.
Today's market was reflexive.
Am watching with time.