On with Greg Hunter of USA Watchdog

This turned out quite well and I encourage everyone to watch and forward.

Here's the text Greg wrote to accompany the video on his site: http://usawatchdog.com/huge-fraud-at-comex-covering-up-huge-demand-for-g...

Financial expert Craig Hemke says not only is the 300 to 1 leverage at COMEX “extreme fraud,” but it also is a sign of record demand for physical gold. Hemke explains, “We have been at this number now for a couple of months. . . . Meaning that for every one physical ounce of supply in the vaults of COMEX, there are 300 beneficial owners. 300 paper ounces have been created. That leverage, that stress is telling us something. You get the anecdotal stories about the empty vaults of London and the stress of the gold that is flowing out of the vaults of London and out of the U.S., out of the UK and into Switzerland. There are stories of the refiners running 24 hours a day, 7 days a week, taking the old 400 ounce gold bar and . . . recasting them into kilo bars and shipping them to the East where the demand is. . . . It’s huge fraud to cover up huge demand. There is no doubt about it.”

Hemke goes on to say, “I think we are finally starting to run out (of physical gold).   There are all these data points, but I can’t look at it and say, therefore, by Thanksgiving, all hell is going to break loose and the system is going to break. I am not going to tell you that, but what I will tell you, I am perfectly comfortable owning gold, and I have been perfectly comfortable accumulating it for the last three years while the price falls because I know this system is eventually going to fail and, when it does, the result is going to be spectacular.”

Hemke goes on to say, “There is a reason why the futures markets are set up and utilized the way they are. It’s modern alchemy, and it is to suppress or control price, but you have to have this physical metal backing it. It is that that I think we are finally getting to the end of. When the music stops and everybody that has an unallocated account in London or Sydney or has GLD, all these folks who think they own gold, when instead, all they own is a paper obligation with counter-party risk. When the music stops, when the 300 people are circling one chair while the music plays, when they all try to sit on that chair at once and the world realizes there is nowhere near the amount of gold that was supposed to be there, let’s just say the price is not going to be $1,100 an ounce.”

Hemke says what happened in the run-up to the September Fed meeting is happening again. The dollar is rising and commodities are tanking. Hemke explains, “All of these prices are going straight in the toilet because of the rising dollar. They were going straight in the toilet back in August, too. We are right back to where we were in August. So, when we move through November, and we’ll get a GDP revision to the 3rd quarter, which will be down from its paltry 1.5%. . . . By the time we get around to December 16 (the last Fed meeting of 2015), I am quite certain, based on all these economic factors, that the Fed will do nothing again and, all of a sudden, things will look better for commodities, gold and everything else.”

On the falling price of gold and silver since 2011, Hemke says, “I don’t lose a minute of sleep over that–none. Everything we were worried about in 2011 and 2012 is still out there. It’s only gotten even worse than it was then. The fact that the price is where it is, actually, is a bonus for everybody. It is a chance for those who have not prepared for this event to get prepared and get their hands on physical metal while they can because the end is coming. The fact that it’s been postponed for a couple of years doesn’t mean anything and doesn’t make a bit of difference to me.”

We were able to cover quite a few topics and make several important points. Please take the time to watch and maybe consider forwarding the link to anyone who might be interested.




CPE's picture



AIJ's picture

The chart of perspective

GoldCore: Gold price performance table

08Gold-Wing's picture

turd !!

congrats on 5 big ones

Orange's picture


Wrinkles and gray or grey hair was the first thing that came to mind before I started listening.  No worries, after 5 years of dealing with the cartel crap I am surprise you don't look like a dried prune.

WingsofGold's picture

Thanks Turd

great interview! I have been lurking or a member since April 2011, thanks for the education. The tuition is the best deal on the Internet .

Beez's picture

Me Neither

"On the falling price of gold and silver since 2011, Hemke says, “I don’t lose a minute of sleep over that"

Beez's picture

IN fact

every morning I wake up I'm thrilled as can be that I've had it in my possession this whole time whether I've paid $11 an oz. or $4,100 for 41 oz.

4 oz's picture

Kindness brings a nice return on an investment

Post Planner's photo.

Kindness brings a nice return on an investment

cashonly's picture

Great interview

we really are lucky to not only have the internet as a source of REAL journalism and truth, but gentlemen like Craig and Greg to go the distance.   Oh wait, did you two go over the script before recording? ... just kidding!

lakedweller2's picture


Good one

MiningJunkie's picture

Well done, Craig

That interview should be forwarded to everyone in your Rolodex/contact list. Excellent.


McFly's picture

Good interview! I learned

Good interview! I learned quite a bit from this one.

goldcom's picture

Excellent Explaination

Craig, you are the best person right now that explains and relates Comex trading with equity trading which should make the deniers and Comex apologists think a little bit. At least the ones that think before they say something. The others will just attack and Martin Armstrong will probably say something like 300 to 1 would push any other commodity up in price, but of course, not gold. Lol

Thanks for this most excellent site.

Turd Ferguson's picture

Comment on YouTube


About 95% of the feedback and commentary is receptive and positive. The comment type copied below always amazes me, however. Why is it that when you threaten the status quo and/or posit new information and explanation, there are always folks who claim that you're just in it for the money? I understand why Armstrong et al do it...they're using the old tried-and-tested tactic of projecting your own weakness onto your opponent. But where does this come from in the general public? Cynicism? Anger at the challenge to their normalcy bias?

The people who buy the GLD know this their not ignorant you buffoon. They dont buy and hold like physical gold bugs so your interview is pointless. GLD is traded because it short term potential and thats it. 300 to 1 or whatever it is the traders dont care. Mom and pop dont buy and set on GLD its not long term investment. Craig is either selling his site, book or silver who knows but his interests are his own pocket book.
amarula4's picture

Getting real professional after all these years oldster...

keep on keepin' on

abguy4's picture

Totally worthless brain fart...........................

For starters - I've dismissed the shallow-minded goonie just on the basis of his command of the English language and punctuation.

When it takes longer to mentally re-arrange the context to correct the illogical structure, and then you realize you've already read it four times(~!), that should be a clue as to how well thought-out the message is, in the goonies' head.

Totally worthless brain fart...........................

rxman's picture


is a shallow in the box thinker who can suck his own d.ck.


LostMind's picture

Shareholder Approval of Arrangements Received - First Mining

Shareholder Approval of Arrangements Received

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 9, 2015) - First Mining Finance Corp. (TSX VENTURE:FF) ("First Mining"), Gold Canyon Resources Inc. (TSX VENTURE:GCU)(OTC PINK:GDCRF) ("Gold Canyon") and PC Gold Inc. (TSX VENTURE:PKL) ("PC Gold") are pleased to announce that both Gold Canyon and PC Gold received the overwhelming approval of their shareholders at their respective special meetings held on November 6, 2015 to consider the acquisition of each of Gold Canyon (the "Gold Canyon Arrangement") and PC Gold (the "PC Gold Arrangement" and, together with the Gold Canyon Arrangement, the "Arrangements") by First Mining by way of plans of arrangement under the Business Corporations Act (British Columbia) and the Business Corporations Act (Ontario), respectively.

Of the votes cast by Gold Canyon shareholders at the Gold Canyon meeting, 99.2% were voted in favour of the special resolution approving the Gold Canyon Arrangement (99.17% after excluding the votes required to be excluded pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions for the purposes of determining minority approval for the Gold Canyon Arrangement). Of the votes cast by PC Gold shareholders at the PC Gold meeting, 99.77% were voted in favour of the special resolution approving the PC Gold Arrangement (no votes were required to be excluded pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions for the purposes of determining minority approval for the PC Gold Arrangement).

Each of Gold Canyon and PC Gold will be seeking final court approval of their respective Arrangements on November 10, 2015 and, subject to the satisfaction of certain customary closing conditions, the Arrangements are anticipated to be completed on or about November 13, 2015. Full details of the Gold Canyon Arrangement and the PC Gold Arrangement and certain other matters are set out in the respective management information circulars of Gold Canyon and PC Gold each dated October 5, 2015 (the "Information Circulars"). Copies of the Information Circulars and other meeting materials can be found on the SEDAR website at www.sedar.com.

Subject to the approval of the TSX Venture Exchange, First Mining also announces that it intends to issue an aggregate of 42,682 common shares in order to settle outstanding debt in the amount of approximately $17,000.

Orange's picture

Swiss Franc & Yuan

Bye bye dollar. The Swiss and the Chinese will now trade their currencies directly without exchanging for dollars.


AlienEyes's picture


@ 879.00

What does it mean ?

It means that any hope of a recovery in the industrial sector is shot to hell.

AlienEyes's picture


I wouldn't miss any sleep over what some borderline illiterate thinks.  wink

Ozymandias's picture

Interesting David McAlvany rate hike analysis

This 43 minute weekly analysis  http://mcalvanyweeklycommentary.com/?utm_source=ALL-MWC+List&utm_campaign=1b595b3ca6-MWC+-+Next+Interest+Rate+Move&utm_medium=email&utm_term=0_aee17addc2-1b595b3ca6-247697865   talks about the effect a rate hike will have on gold and makes a strong point that a rate hike in the past has been accompanied by a substantial increase in the price of gold after the initial knee jerk drop in price. He is sort of preaching to the choir here but it was still worthwhile listening.

Keep stacking

tyberious's picture

RE: Swiss Franc & Yuan

Mental exercise.

I want to buy your cow in exchange for beets but the government requires that I exchange my beets for carrots then exchange the carrots for cows.  

Why, because the government has an interest in you holding carrots.

Lugnut's picture

What an excellent...

What an excellent interview you gave, Turd. Made me proud to be a subscriber !

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