ChartDaddy.com

Now, none of this will be announced ahead of time.  A bank holiday may happen, and accounts frozen.  During this holiday is when the gears are put into action.

COMEX trading in gold and silver are halted; SLV, GLD, and other paper trading of PMs will be termed and shareholders cashed out as of the last trading day before the holiday.  Mines and smelters will be nationalized for the good of the people.  Etc., etc.  This will be the time that the government will let people know that it is in the market to buy gold.  It will likely start at an attractive level, maybe $500 over the last-known spot, but will quickly ramp to levels nobody will believe--of course, nobody will have any to sell, as they "took advantage" of the "high" government prices early-on.

Then it will be announced that the currencies will be allowed to "float" against this new gold barometer.  At $55,000/oz. the government's debt will look quite manageable against 8,000 tons of gold.  The beat goes on.

PCR is the man. I wanted to post this on the last, slightly political, thread but refreshed to find the chart porn.

Take a read. Reagan's former Asst Secretary of the Treasury really tells it like it is.

http://www.paulcraigroberts.org/2012/08/08/the-dispossessed-majority/

Interesting piece to say the least!

This could hone in on anything if programmed right.  As stated in the piece it could affect:

Banks, S&L's, money markets, IRA's, 401K's, your instantly broke.

Power plants/grid , there goes your heat, air conditioner, food in the fridge and freezer, TV, computer, phone. There goes your ability to not freeze to death,  your food, your communication and information, store refrigerators and freezers would shut down too, same goes for restaurants too.

Nuclear plants could melt down, radiation spews and destroys who knows how many miles, destroys water sources, farmlands, entire cities. There goes food and water, starvation and dehydration. No water to cook, no water to clean, no water to bathe, no water for laundry. Dysentery, e-coli and other water born illnesses run rampant.

Deliveries could be interrupted, no gas, no food, no medications, no deliveries. There goes the world as most people knows it.

Travel could be shut down, planes could fall from the skies and plummet anywhere. Trains could stop dead in their tracks leaving thousands stranded where ever it stops. 

And the list goes on and on.

Broke and starving people will become mad as you know what, riots, gangs and mobs will rob and destroy what little is left.  Add that to the sick and dying people. The death rate could be on a magnitude never witnessed before in the history of mankind......  

http://www.weeklystandard.com/blogs/over-100-million-now-receiving-feder...

if i was part of the Cartel i would vote for holding gold and silver until Turd turned 80.  really piss him off good:) I could drive all you people crazy if i was in the Cartel.   so give me one real reason why the Cartel will "go hands down"

Sorry I was offline from TFM for the weekend and didn't get a chance to document the lease rate spike to negative that occurred last weekend.  I had predicted this a month ago as these contracts need to be "rolled" as they expire.

It would appear that the lucky recipient of these negative rates (they get paid to "lease" their gold) who have long ago sold it into the market will be kept in the black for doing God's work (or on behalf of the US government).  The CFTC story is not a surprise, they don't serve the  public, their masters are the government and the crooked investment banks that they collude with to do their dirty work.

Z

PS Would still love to know the volume of leased metals if anyone gets a lead.

Got silver?

Some days it just feels good.

I have the same concerns as Goldmania. 

"won't the cartel continue to cap? theyv'e dont it for a year...why not contnuie"

​The only time that the cartel seems to lose Battle Royale's, seems to be when they choose to do a managed retreat, except the April silver spike and the US downgrade gold spike.

​On both those occasions, JPM likely told their client, the US government, 'Fine, you won't guarantee us full immunity from US law? We're out of here, you just enjoy the show, and give us a call when you change your mind.'

​It is likely, that financial losses due to acute short positions, are irrelevant when your client is the Fed & the Gubmint. 

​That JPM historically made money from their acute net short position, is just showing off. Ultimately, they are funded one way or the other.

I want to believe that we are facing a new breakout, but in the absence of inside knowledge, I'll not crack open the champagne yet.

Finally, watch out everyone, a superspike upwards when they do occur, are often followed by a downdraft just as dramatic. Be careful of chasing prices, new heights are just a prelude to a new round of medium term price capping and sentiment-killing decline. We are still in normal, 'controlled' markets, because the moon-shot is likely still a long way off.

...clockwork...

http://www.miningstockvaluator.com

What!! Santa works in the Public Sector, are we paying for his reindeer as well!!!

Bugger me no wonder the Government are bust. 

I have this idea I could pass myself off as an independent journalist and ask for a tour, just to see what the inside of the place looks like.  I'll bet it smells of sulfur and brimstone.

I thought that might b u there ol' Puck! 

   How dare ye!

Chartdaddy.com or ChartDump.com? --- just to stay congruent with the common theme

turd said:

"No, I'm not changing the name of the site but if I crank out a few more posts like this one, I may have to think about it.

So here comes the chart dump. I hope you're ready."

Puck:  Sulfur is brimstone

No evidence I can come up with.  But, in this upside-down world, run by bankers through pols, there is nothing that would surprise me.  Nothing is as it seems, it seems to me.  I am simply another soul trying to make sense of what the markets are doing, and this premise seems to fit a little.  China's gold reserves were too low, silver was too high (in price), and voila, these problems are getting solved, even when silver was in short physical supply.

Just adding one and one, trying to come up with two.  I respect Rickards, but who knows and tells the truth, and nothing but the truth nowadays?