Jesse reports that the Gold fractional Ponzi Scheme has achieved staggering leverage of over 54 claims per once of Gold available for delivery. We will witness the run on the Bullion banks in the very near future. The Mother of all Short Squeeze will be unleashed in the Gold market and the main players have been already positioning themselves to capitalise on it during the orchestrated gold Market Collapse this spring.
"We continue to build up our puzzle together for The Crime Of The Century - Gold Market Manipulation by the banksters. Planet Ponzi run by the banksters is very cynical in its attempts to push everybody to the worthless FIAT IOUs by all means necessary.
Turd Ferguson provides very interesting findings on the recent events behind the curtain in the gold market and what could happen next.
It appears that the Boyz from Goldman Sachs and JPMorgan know too well where the Real Value is and they were shaking the tree very hard to get out of Gold short positions and accumulate longs from the weak hands in the market place, just before the Syria geopolitical card will be played out."
Jesse's Cafe Americain:
"When I began the Ponzi scheme I believed it would end shortly and I would be able to extricate myself and my clients from the scheme. However, this proved difficult, and ultimately impossible, and as the years went by I realized that this day would inevitably come..."
The August delivery period on the COMEX ended last Friday with a little over 701,000 ounces of gold marked as deliverable in their warehouses.
Higher prices may be required to pry more ounces of real bullion out of storage and into the deliverable category.
August has passed, but September has just begun. And soon enough the winds will turn cold.
Weighed, and found wanting.
Stand and deliver.