To the Victor belong the Spoils

search

Ever feel like you’re on an island; like you’re the only one awake and everyone is peacefully lulled to sleep? It reminds me of that strange dream where everything feels surreal. Where you feel like you’re awake, but you still maintain some sort of omniscient dreamlike power. If you are awake today you likely feel the same way. By awake I mean you are fully aware of the criminal proceedings taking place in the financial markets. This is truly Bizzaroworld; up is down, right is left, bad is good, criminality is rewarded…

Precious metals prices keep tanking while bullion sales continue to break records, and we stack and watch as the world falls apart. Hold on tight my friends, something tells me this blood bath is almost over.

From Zerohedge:

Because Nothing Says “Best Execution” Like Dumping $1.5 Billion In Gold Futures At 0030ET

For the 5th day in a row, “someone” has decided that 0030ET would be an appropriate time (assuming the ‘seller’ is an investor who prefers best execution rather than the standard non-economically-rational share-repurchaser in America) to be dumping large amounts of precious metals positions via the futures market. Tonight, with over 13,000 contracts being flushed through Gold – amounting to over $1.5 billion notional, gold prices tumbled $20 to $1151 (its lowest level since April 2010). Silver is well through $16 and back at Feb 2010 lows. The USDollar is also surging.

The timing of the dump is right as Japanese trading breaks for lunch

Gold dumped…
20141104_gold_0

and silver too..
20141104_gold1_0

As The USD pushes higher.
20141104_gold2_0

One more random thing… the oddly spurious correlation between gold prices and Japanese bank VaR proxies is back again
20141103_oddjapancorr_0

The above charts and commentary from our friends at Zerohedge paint a clear picture of a recurring not for profit seller in the metals markets whose sales continue to collapse the prices. We have said for years that at some point the physical metals market will break the paper markets. The paper charades cannot keep up with the physical being taken off the shelves. The jig is almost up. The naked emperor is almost aired on national television in his birthday suit, for all to see. We believe the Shanghai metals exchange will have a primary role in the final metals blastoff. Per our friend Jim Willie, no one wants to be the fall guy. No government or power player on the global scene wants to take the public blame for collapsing the dollar system. The Western criminals are begging for a scapegoat to pin their atrocities on.

China has played an eloquent game of chess and has given the cabal just enough rope to hang themselves. The rope is physical silver. Once Shanghai silver inventories are exhausted it will force a violent upward price move and collapse the paper shorts, derivatives complex, and the entire dollar system. That day is very near. Harvey Organ speaks to this in his recent interview below.

From USA Watchdog

Harvey Organ- By December Whole Thing Going to Collapse

Leave a Reply