Greg Hunter: Dr Jim Willie - Dollar Mortally Wounded, Treasury Bond Toxic Paper And Gold

  Filter this interview with your own understanding of what is too far stretched and what has already happen. Jim Willie provides his Big Picture View, which definitely stimulates imagination. A lot of former conspiracy theories have happen to be true: Private FED, Rigged LIBOR, Manipulated FOREX, HFT, Manipulations in Gold and Silver. Some others will be coming into the spotlight from the heat of the Financial Wars played around Ukraine now.

WEB Bubble 2.0 Bursting, NASDAQ Meltdown And Gold TNR.v ILC.v MUX GDX GLD QQQ DIA SPY

  "WEB Bubble 2.0 is bursting and SOCL - Social Media ETF on the chart above is the very good representation of what is happening with the hot plays of 2013. SOCL ETF is just a notch away from the official bear market with 19.4% decline from its top so far. As we have noted before, the hot IPO market is another sign of the important top in the equity markets, when insiders are selling out at the valuations totally disconnected from the real underlining economic situation." 

Russia should switch to ruble payments with all trading partners - head of VTB Bank

Gold Surges As US Dollar Exit Begins: Russia Largest Bank Halts Foreign Currency Loans MUX TNR.v GLD GDX

 "CS. It did not take long for Putin to start its retaliation against the sanctions and excuse was presented by JP Morgan's block of some payments on the grounds that Bank Rossii was involved in transaction. Bank Rossii was on the list of sanctions and even its issued international credit cards were declined after that. Mr Putin said that he will open his personal account in that bank and now it became really personal. We are not judging who is right in all this mess created by CIA vs KGB 2014 War Games, but ultimately aimed to push China from its path of Dangerously Fast Rising Into Power by all means possible including the last asset of the Falling Empire - Military Industrial Complex. We are just observing the outcome. 

  For us this action from Russian Largest Bank is the sign of US Dollar Exit flashing Red to everybody who is watching. Any Exit will not be even contemplated without China supporting it - we guess some arrangements are in place already. Putin is looking to reallocated Russian Oil and Gas, Metals and Agricultural Commodities towards Asia: China and India particularly.
  So far China was benefiting from all these Ukraine games by playing "The Smart Monkey Watching Two Tigers' Fight": by abstaining in UN's vote, but treating Michelle Obama during her "family visit" at the highest level at the same time. China is more than happy to buy Copper and Copper projects at the lower price, Chinese are buying the record amount of Gold and now will have the upper hand on pricing in the ongoing long negotiations on Oil and Gas supply to China, which are reported to be concluded in May. 

  Next moves will be very interesting to say at least. Western Equity markets are levitating without any reflection of reality of the underlining economy and all it takes now to bring these Currency Wars to the next level  is for Putin to announce that All Russian Commodities will be traded Not In US Dollars and any pricing and transactions in US Dollar will be prohibited by Russian Central Bank. Next move could be the pricing and transactions in Gold based currency which is so well explained by James Rickards. 

  Russia has already announced the creation of its own payment system not depending on the western financial institutions. White House Hawks are better take notice now as their push to isolate Russia can succeed and Russia can take into "isolation" China, India and other BRICS Club countries with a good half of the world population. Wall Street can survive for a while rigging what is left from the financial markets, but once all Cloud and Mobile Games IPO will be sold to Muppets people will be asking for Food on the streets. As for the "Isolated" - just check your iPhone. Was it Made in China - we guess? The Isolated Club will have all commodities and technology available to prosper. Who will be left behind in the end?"

How China Fooled The World ... And Will Do It Again.

"This documentary brings the very important perspective to the China's economic miracle. We do agree that Collapse of China will be nothing less spectacular than its Rise, but will it ever happen? Nobody questions that the growth above 10% is unsustainable, but will anything "less amazing" like 7.0% -7.5% will Crash China? Western media would like us all to believe so. We are not convinced. Timing is very suspicious. West is desperate for another War, for anything to fight for ... with its last Empire attribute left - The Military Industrial Complex. Whether it is Syria, Ukraine or even China does not really matter. Whatever it takes to keep the party going."

Gold Surges As US Dollar Exit Begins: Russia Largest Bank Halts Foreign Currency Loans MUX TNR.v GLD GDX

  

  CS. It did not take long for Putin to start its retaliation against the sanctions and excuse was presented by JP Morgan's block of some payments on the grounds that Bank Rossii was involved in transaction. Bank Rossii was on the list of sanctions and even its issued international credit cards were declined after that. Mr Putin said that he will open his personal account in that bank and now it became really personal. We are not judging who is right in all this mess created by CIA vs KGB 2014 War Games, but ultimately aimed to push China from its path of Dangerously Fast Rising Into Power by all means possible including the last asset of the Falling Empire - Military Industrial Complex. We are just observing the outcome. 

  For us this action from Russian Largest Bank is the sign of US Dollar Exit flashing Red to everybody who is watching. Any Exit will not be even contemplated without China supporting it - we guess some arrangements are in place already. Putin is looking to reallocated Russian Oil and Gas, Metals and Agricultural Commodities towards Asia: China and India particularly.
  So far China was benefiting from all these Ukraine games by playing "The Smart Monkey Watching Two Tigers' Fight": by abstaining in UN's vote, but treating Michelle Obama during her "family visit" at the highest level at the same time. China is more than happy to buy Copper and Copper projects at the lower price, Chinese are buying the record amount of Gold and now will have the upper hand on pricing in the ongoing long negotiations on Oil and Gas supply to China, which are reported to be concluded in May. 

  Next moves will be very interesting to say at least. Western Equity markets are levitating without any reflection of reality of the underlining economy and all it takes now to bring these Currency Wars to the next level  is for Putin to announce that All Russian Commodities will be traded Not In US Dollars and any pricing and transactions in US Dollar will be prohibited by Russian Central Bank. Next move could be the pricing and transactions in Gold based currency which is so well explained by James Rickards. 

  Russia has already announced the creation of its own payment system not depending on the western financial institutions. White House Hawks are better take notice now as their push to isolate Russia can succeed and Russia can take into "isolation" China, India and other BRICS Club countries with a good half of the world population. Wall Street can survive for a while rigging what is left from the financial markets, but once all Cloud and Mobile Games IPO will be sold to Muppets people will be asking for Food on the streets. As for the "Isolated" - just check your iPhone. Was it Made in China - we guess? The Isolated Club will have all commodities and technology available to prosper. Who will be left behind in the end?

How China Fooled The World ... And Will Do It Again.

"This documentary brings the very important perspective to the China's economic miracle. We do agree that Collapse of China will be nothing less spectacular than its Rise, but will it ever happen? Nobody questions that the growth above 10% is unsustainable, but will anything "less amazing" like 7.0% -7.5% will Crash China? Western media would like us all to believe so. We are not convinced. Timing is very suspicious. West is desperate for another War, for anything to fight for ... with its last Empire attribute left - The Military Industrial Complex. Whether it is Syria, Ukraine or even China does not really matter. Whatever it takes to keep the party going."

ZeroHedge:

Russian Retaliation #1: Russia Largest Bank Halts Foreign Currency Loans

It didn't take long for Russia to launch the first retaliatory salvo against the unexpected JPMorgan "act of aggression." Moments ago Bloomberg just reported that Sberbank,  the largest bank in Russia and all of Eastern Europe, just halted the issuance of consumer loans in foreign currency. Bloomberg adds that "Sberbank, Russia’s biggest lender, holds 43.3% of nation’s consumer deposits, 32.7% of consumer loans and 32.1% of corporate loans."

Peter Degraaf: Here Is How You Will Know If The Gold Bull Market Has Ended GLD, MUX, TNR.v, GDX

  

  Peter Degraaf presents very interesting set of charts in his big picture view at the Gold market. With JPMorgan chasing Bicoin success in the bubble exercise top Russian Sberbank is talking about its own version of the Crypto-Currency. Banks would like to control any currency in circulation and you have another 42 to chose from right now. Once this brave experiment with "Gold 2.0" - distraction of 99% from the real values ends in tears, Gold will remind everybody about its qualities and why China is buying so much Gold this year.

ZeroHedge:

Russia's Largest Bank Proposes Bitcoin Alternative

“We are at a new stage of technological development. I can’t imagine how it can be stopped,” Sberbank CEO Herman Gref tells reporters in Moscow.

Gref says virtual currencies need greater regulation

“These experiments must end in one or two crashes” before virtual currencies become firmly established, Gref says"

Rob McEwen: “The Next Run Will Be Driven By Gold Moving Higher, As Well As New Discoveries” MUX, TNR.v, GDX, GLD

  "Rob McEwen gives his view on the Gold market and what will be the driving force behind the next Bull Run. He is looking for the deals in this market environment and that new discoveries will be driving the successful companies backing them. Meanwhile Gold is under pressure today testing the recent lows. Equity markets are drifting lower and Interest Rates higher. Rob reminds us, that turnaround can be very fast as we saw this summer after Gold has bottomed out and miners were spiking up. Equity markets are very high now and Gold sector is very undervalued, people will start looking at the relative values at these levels."

The Chase Is On: JPMorgan Chase Building Bitcoin-Killer

"After years of allegations about involvement in Gold and Silver manipulation JPMorgan is chasing Bitcoin. So much is for Bitcoin "Gold 2.0" "Limited supply" - you can chose already from 43 listed crypto-currencies and now more are to come. After China and South Korea have banned Bitcoin from Financial Institutions the race is on among the Central Banks to outlaw it. Banksters are always ready to help here.  JPMorgan involvement in the "Bitcoin-Killer" is very interesting in light of recent reports from Turd Ferguson that for the long time JPMorgan is Net Long Gold and will stand to benefit from the Gold price going higher this time. Gold is spiking up this morning to $1260 and US Dollar is very close to the crucial 80.00 level - the end of 2013 will be very interesting to say at least."


Kitco:

Here Is How You Will Know If The Gold Bull Market Has Ended

Wednesday December 11, 2013 15:04

• Central banks will have stopped their money printing madness.
• The US Federal Government will have balanced its budget.
• China will have invested 20% of its trading surplus in gold.
• The US CPI will have peaked at a rate above 10%.
• The public in the USA, Canada, Australia and Europe will have bought gold with their savings, including a goodly portion of their tax free savings.
• The public in India and China will have turned from buyers to sellers.
• Sellers of gold will have a currency available to them that offers stability.
• Financial headlines will have featured stories of gold mining stocks that rose from pennies to a hundred dollars.  (In 1975 Lion Mines could be purchased at 0.07c a share – in 1980 the share price was $380!  Wharf Resources traded at 0.40c in 1975 – by 1980 the price had risen to $560).
• TV screens will have featured lineups of buyers at coin shops.
• Crude oil will have reached a record high price.
• Silver will have outperformed gold on a percentage basis.

           “There can be no other criterion, no other standard than gold.
Yes, gold which never changes, which can be turned into ingots
bars, coins, which has no nationality and which is eternally and
universally accepted as the unalterable fiduciary value par excellence” ………….French President Charles Degaulle.

     *****Charts courtesy Stockcharts.com unless indicated.

                   

Featured is the daily bar chart for gold bullion expressed in US dollars.  Price is breaking out from beneath five weeks of resistance.  The pattern is a bullish falling wedge.  A closing price above the blue arrow will confirm a major bottom at the $1200 level.  A subsequent breakout at the green arrow turns the trend bullish.  The supporting indicators are turning positive.  Our proprietary Gold Direction Indicator bottomed at 19% on December 3rd and closed at 51% on December 10th.

“Nations are not ruined by one act of violence, but gradually and in an almost imperceptible manner, by the depreciation of their circulating currency, through excessive quantity.”  …..Nicolaus Copernicus (quoted in 1525).

                  

Here is a longer-term look at the current gold bull market, with a log scale chart.  Notice the rising channel.  The supporting indicators have turned positive, including the important Accumulation/Distribution line.

Featured is the index that compares gold bullion to the DOW Jones Industrials.  The index is trying to bottom, and a closing price above the blue arrow will be the first sign of confirmation.  A breakout at the green arrow will convince a lot of investors to move funds from the stock market into gold.  The supporting indicators are positive.

                  

Featured is the daily bar chart for gold expressed in foreign currencies.  Price is breaking out here as well, and volume was very heavy (green arrow).  The supporting indicators have been showing bullish divergence and now they are turning positive.  A breakout at the blue arrow turns the trend bullish. 

This chart courtesy Cotpricecharts.com shows the ‘net short’ position of commercial gold traders fell for the fifth consecutive week, to 21,000 compared to 28,000 the week before.  As a percentage of open interest the number is a bullish 6%.  This compares to 5.5% on July 2nd.  That was just before gold rose from $118t6 to $1435.

        

Featured is GDX, the gold and silver producers ETF.  Price is breaking out from a falling wedge pattern (green box).  The supporting indicators have been showing bullish divergence and are now turning positive.  The increase in volume is indicative of strong hands buying from weak hands.  A breakout at the blue arrow will confirm the bottom, while a breakout at the green arrow turns the trend bullish. 

“Remember, democracy never lasts long. It soon wastes, exhausts and murders itself. There never was a democracy yet that did not commit suicide…”              …..John Adams,  US President #2.

This chart courtesy Goldchartsrus.com shows the massive amount of gold that is moving into China via Hong Kong. As long as this trend continues, the fundamentals for gold are positive, and the bull market lives on.

 A trillion dollars is a stack of thousand dollar bills 63 miles high.  If the stack was toppled, you could drive for an hour before you would reach the end of it.”  …..Warren Bevan. 

              

Featured is the daily bar chart for silver.  Price broke out from a bullish falling wedge formation on December 9th, and confirmed the breakout the next day.  The supporting indicators are turning positive with lots of room to rise higher.  A breakout at the blue arrow will confirm a large ABC bottom, and a breakout at the green arrow turns the trend bullish. 

US Geological Society 2010 report:  “Silver will be the first element in the periodic table that would become extinct.”

This chart courtesy Cotpricecharts.com shows the ‘net short’ position of commercial silver traders slipped to 12,000, compared to 16,000 the week before.  As a percentage of open interest the number is a bullish 9%.

Happy trading!

By Peter Degraaf
www.pdegraaf.com"

FED "Operation Twist": Bitcoin Crashed To $820 from $1120 on BitStamp

  

  Update:

 Now Bitcoin is at $795 at BitStamp and at $681 at BTC-E - It is a freefall.

  Welcome to the adult world of the alternatives to FIAT currencies and "End The FED" fighters. Please never mix again the religion and Investment Valuation. 

  In a thin Sunday trade - before the Chinese market opens - Bitcoin has collapsed from $1120 to $820 at the BitStamp today. You still can buy with Bitcoin a few copies of the very important book for all Bitcoin "investors": "Extraordinary Popular Delusions and the Madness of Crowds."

  We congratulate all traders, who has sold it higher than their purchase price. You are welcome to follow us with other 100 Crypto-Currencies now, but better watch Gold and Silver in the next few days.

Bubbles Chronicles: Bill Still Is Pumping Quark vs Bitcoin - Collapse Is Near

All world has gone mad: Bill Still is pumping Quark! Just watch this video and remember how the Bubble stage looks like and what are the arguments presented to buy something "which definitely will go up." We must be very close to the Bitcoin final parabolic rise before the Crash. If Bill Still can not withstand the plot to get fast rich scheme, what can we tell about the other people?

  It is very interesting that Bill talks about another 30 crypto-currencies and there are at least 100 else are in existence. Why on Earth to buy Bitcoin at $1200 if you can buy "the better" Quark, which was pumped by Bill Still only to 4.5 cents by now (more then 2000% as Bill proudly has noted!?). Just Sell you Bitcoin now and move down the food chain - "it will be a sure thing: all crypto-currencies will go up once Chinese will be able to buy it, particularly after the Bitcoin will be Crashed." 

  It looks like we have found finally our own youth portion and will spread our bets evenly among all 100 crypto-currencies, with this kind of sure gains how can we lose anyway? Can you imaging if India will join this crazy feast, what about Malaysia? You can monitor some of those Crypto-Currencies here: Crypto-Currency Market Capitalisation. Junkcoin is not doing well - must be something with its name ... all others are "solid investments".

  Can somebody tell Obama to put NSA to proper work finally? Just make the super duper NSAcoin with triple encryption, warranted from Spying and accepted for Tax payments and let Obama to Pump it a little bit ... 17 Trillion in Debt will be repaid very soon - at least we will have better roads and bridges. Can we get into this one as well at the start of Pumping?

  And yes, who needs Gold and Silver any more, particularly, when it goes nowhere in price or even down compare to Quark as Bill is reporting? All that dirt, billions of investments - who are those silly people buying all that Gold any more? 

China, India, Turkey and Thailand Buying Record Amount of Gold - What Do They Know The Others Don't? GLD, MUX, TNR.v, GDX

Gary North: Bitcoins - The Second Biggest Ponzi Scheme in History

  "Gary North presents a very good explanation of the Bitcoin Bubble from the Austrian Economics point of view on the Money. We decided to present this RT video as well so that you can hear Bitcoin advocates as well. Unfortunately Bitcoin's parabolic rise is the most dangerous event for its future. It supposed to challenge the System - at least the FED power in the U.S. How serious is it for the System? It is Everything. All markets are at the mercy of the Fed now. Can we be certain that after 100 Year War Against Gold, FED will find resources to Crash Bitcoin and any idea about viable Currency Alternatives with it?

  We have a feeling that this recent exorbitant rise in Bitcoin is purely manipulated. One thing if it is the Insiders - holders of largest number of Bitcoin amounts are gaming the rest of the market with OTC Pump and Dump style. They are trading "the restricted" amount of Bitcoin by driving the price up and will start the distribution to the crowd once liquidity will allow it.
  Quite another thing if the System is already defending itself. With Bitcoin's "market cap" of 13 Billion even after recent parabolic rise to $1200, FED can easily accumulate enough amount of Bitcoin to drive the price up and then Crash it into the ground. 

  We do hope that it is not the case and Bitcoin will be able to stabilise somehow to preserve the brilliant idea, but with every parabolic move up in the price we are getting closer to the crash now."

Bitcoin still high risk, not yet ready for mainstream - Bitcoin Foundation General Counsel

 "It is very important video to watch for everybody chasing Bitcoin right now. Bitcoin Foundation general counsel warns: "Everybody who buys Bitcoin right now should expect to lose everything". It does not mean that Bitcoin goes to zero tomorrow, but he is very honest with the presentation of Bitcoin, its potential and its risks. 

  The more we study it - the more we like the idea behind Bitcoin. The problem is not with Bitcoin - as we have wrote before, we consider it as one of the major developments in the financial industry - the problem is with the speculators driving this Bubble. Will Bitcoin survive its astronomic rise and collapse at some point to become the real alternative Currency? What will happen when 100 top holders will start cashing out? Nobody knows how high speculators can chase the Bubble, but the higher it goes the harder it will get down. For Bitcoin future it will be very important whether it can stabilise now and grow gradually presenting the real Currency alternative, otherwise its crash will expose its weakness - that it was gamed by few as usual - and crowd will chase other 60 crypto-currencies available now.

  We will monitor the situation further, but already now the chart below will be the chart of the year for us here and shows the potential for the real FIAT alternatives like Gold and Silver."

Bubbles Chronicles: Bill Still Is Pumping Quark vs Bitcoin - Collapse Is Near

  All world has gone mad: Bill Still is pumping Quark! Just watch this video and remember how the Bubble stage looks like and what are the arguments presented to buy something "which definitely will go up." We must be very close to the Bitcoin final parabolic rise before the Crash. If Bill Still can not withstand the plot to get fast rich scheme, what can we tell about the other people?

  It is very interesting that Bill talks about another 30 crypto-currencies and there are at least 100 else are in existence. Why on Earth to buy Bitcoin at $1200 if you can buy "the better" Quark, which was pumped by Bill Still only to 4.5 cents by now (more then 2000% as Bill proudly has noted!?). Just Sell you Bitcoin now and move down the food chain - "it will be a sure thing: all crypto-currencies will go up once Chinese will be able to buy it, particularly after the Bitcoin will be Crashed." 

  It looks like we have found finally our own youth portion and will spread our bets evenly among all 100 crypto-currencies, with this kind of sure gains how can we lose anyway? Can you imaging if India will join this crazy feast, what about Malaysia? You can monitor some of those Crypto-Currencies here: Crypto-Currency Market Capitalisation. Junkcoin is not doing well - must be something with its name ... all others are "solid investments".

  Can somebody tell Obama to put NSA to proper work finally? Just make the super duper NSAcoin with triple encryption, warranted from Spying and accepted for Tax payments and let Obama to Pump it a little bit ... 17 Trillion in Debt will be repaid very soon - at least we will have better roads and bridges. Can we get into this one as well at the start of Pumping?

  And yes, who needs Gold and Silver any more, particularly, when it goes nowhere in price or even down compare to Quark as Bill is reporting? All that dirt, billions of investments - who are those silly people buying all that Gold any more? 

China, India, Turkey and Thailand Buying Record Amount of Gold - What Do They Know The Others Don't? GLD, MUX, TNR.v, GDX

Gary North: Bitcoins - The Second Biggest Ponzi Scheme in History

  "Gary North presents a very good explanation of the Bitcoin Bubble from the Austrian Economics point of view on the Money. We decided to present this RT video as well so that you can hear Bitcoin advocates as well. Unfortunately Bitcoin's parabolic rise is the most dangerous event for its future. It supposed to challenge the System - at least the FED power in the U.S. How serious is it for the System? It is Everything. All markets are at the mercy of the Fed now. Can we be certain that after 100 Year War Against Gold, FED will find resources to Crash Bitcoin and any idea about viable Currency Alternatives with it?

  We have a feeling that this recent exorbitant rise in Bitcoin is purely manipulated. One thing if it is the Insiders - holders of largest number of Bitcoin amounts are gaming the rest of the market with OTC Pump and Dump style. They are trading "the restricted" amount of Bitcoin by driving the price up and will start the distribution to the crowd once liquidity will allow it.
  Quite another thing if the System is already defending itself. With Bitcoin's "market cap" of 13 Billion even after recent parabolic rise to $1200, FED can easily accumulate enough amount of Bitcoin to drive the price up and then Crash it into the ground. 

  We do hope that it is not the case and Bitcoin will be able to stabilise somehow to preserve the brilliant idea, but with every parabolic move up in the price we are getting closer to the crash now."

Bitcoin still high risk, not yet ready for mainstream - Bitcoin Foundation General Counsel

 "It is very important video to watch for everybody chasing Bitcoin right now. Bitcoin Foundation general counsel warns: "Everybody who buys Bitcoin right now should expect to lose everything". It does not mean that Bitcoin goes to zero tomorrow, but he is very honest with the presentation of Bitcoin, its potential and its risks. 

  The more we study it - the more we like the idea behind Bitcoin. The problem is not with Bitcoin - as we have wrote before, we consider it as one of the major developments in the financial industry - the problem is with the speculators driving this Bubble. Will Bitcoin survive its astronomic rise and collapse at some point to become the real alternative Currency? What will happen when 100 top holders will start cashing out? Nobody knows how high speculators can chase the Bubble, but the higher it goes the harder it will get down. For Bitcoin future it will be very important whether it can stabilise now and grow gradually presenting the real Currency alternative, otherwise its crash will expose its weakness - that it was gamed by few as usual - and crowd will chase other 60 crypto-currencies available now.But by that time nobody will be able to call it Gold 2.0 seriously.

  We will monitor the situation further, but already now the chart below will be the chart of the year for us here and shows the potential for the real FIAT alternatives like Gold and Silver."

David Morgan: "China, Russia, India Have An Insatiable Appetite For Gold" GLD, MUX, TNR.v, GDX

Time Is To Go For Gold: Bitcoin Just Crashed ... Again – High Above $900 And Just Low at $540 GLD, MUX, TNR.v, GDX

  "Time is to go for Gold and for the real one this time - Bitcoin "Gold 2.0" status will be killed by its parabolic rise and bust and maybe it is happening already. Just today the high was at $900.98 and the low at $502.62, according to mtgox.com. With this kind of volatility Bitcoin will be struggling to become The Currency, it is traders paradise for now, but it looks like our scenario $2000 - $50 (put your own numbers here) can happen very soon."

China, India, Turkey and Thailand Buying Record Amount of Gold - What Do They Know The Others Don't? GLD, MUX, TNR.v, GDX

These two charts present the big picture in Gold Supply and Demand the best. When Central Banks are distorting the markets by suppressing the Gold price the increased Demand is overwhelming the diminishing Supply. The Game of Musical Chairs in Fractional Reserve Gold System continues, but it is very close to its logical conclusion with COMEX deliverable Gold being leveraged of 59 times at least.

  All games with Gold price manipulation have lead to  two most significant outcomes for the Supply and Demand in the Gold market this year. China, Turkey and Thailand are all buying the record amount of Gold and pushing demand through the roof. Brazil and others are joining the club as well or consume all the gold produced like Russia.We can safely add India here even with all efforts to curb the official demand by the Central Bank, amount of smuggling is hardly controlled by the government there."

Gold Demand Shift To Asia Amazing GLD, MUX, TNR.v, GDX

  With COMEX Gold inventory going every week down and leverage in the Fractional Gold Reserve System standing at 69 all-time-high now, China's and others Asian countries' appetite for Gold is truly amazing. In order to balance this dramatic divergence we need much higher Gold prices to make the additional Gold supply available.

  Gold mining companies are cutting the projects pipeline and putting exploration and new development on hold restricting future Gold supply even more.

Jesse: COMEX Claims Per Ounce Of Gold At 69 To 1 GLD, MUX, TNR.v, GDX

  "Jesse has updated the latest information from COMEX and it has even higher leverage now: Fractional Gold Reserved System is run at the all-time-high leverage with 69 Owners per 1 ounce of Gold."

China, India, Turkey and Thailand Buying Record Amount of Gold - What Do They Know The Others Don't? GLD, MUX, TNR.v, GDX

  "All games with Gold price manipulation have lead to  two most significant outcomes for the Supply and Demand in the Gold market this year. China, Turkey and Thailand are all buying the record amount of Gold and pushing demand through the roof. Brazil and others are joining the club as well or consume all the gold produced like Russia.We can safely add India here even with all efforts to curb the official demand by the Central Bank, amount of smuggling is hardly controlled by the government there."

Does Janet Yellen Give Gold a Reason to Glimmer? GLD, MUX, TNR.v, GDX

China, India, Turkey and Thailand Buying Record Amount of Gold - What Do They Know The Others Don't? GLD, MUX, TNR.v, GDX

"These two charts present the big picture in Gold Supply and Demand the best. When Central Banks are distorting the markets by suppressing the Gold price the increased Demand is overwhelming the diminishing Supply. The Game of Musical Chairs in Fractional Reserve Gold System continues, but it is very close to its logical conclusion with COMEX deliverable Gold being leveraged of 59 times at least."

Jesse: COMEX Registered Gold Falls To 587,235 Ounces - Claims At 63 To 1 GLD, MUX, TNR.v, GDX

Peter Schiff: Janet Yellen as Fed Chairman is Very Bullish for Gold GLD, MUX, TNR.v, GDX

  "Peter Schiff presents to us real Janet Yellen's background vs the ongoing media PR campaign, her intentions and "the new FED policy". "

COMEX Gold Claims Per Deliverable Ounce Rises To Record High 60.38 GLD, MUX, TNR.v, GDX

  

  Jesse reports about another escalation in the Scam Of The Century - ongoing Game Of Music Chairs in the Fractional Gold Reserve System. It will definitely become the one of the most important events in the Gold market history, there are rumours about impending explosion of the one of the LBMA members, but we even do not need them to materialise. Just check the numbers in the record breaking deliveries of Gold to Asian countries this year.

Brutal Past 24 Months For Precious Metals Investors, Nearing A Bottom – Rob McEwen MUX, TNR.v, GLD, GDX, SLV, CU

China, India, Turkey and Thailand Buying Record Amount of Gold - What Do They Know The Others Don't? GLD, MUX, TNR.v, GDX

Adam Hamilton: Gold-Futures Buying Returns GLD, MUX, TNR.v, GDX

Comex Registered Gold Falls To New Low at 640,552 Ounces - Claims Per Ounce Still Around High of 59 GLD, MUX, TNR.v, GDX

Jesse Cafe American:

COMEX Gold Claims Per Deliverable Ounce Rises To Record High 60.38

As you probably know the US posted a blowout headline number for the October Non-Farm Payrolls report of 204,000 jobs gains, and upwardly revised the prior month. What made this significant was the thinking that the government shutdown would have negatively impacted the jobs number.

That was not to be, not that it didn't impact jobs, but it did not impact the way in which the government counted jobs in what is the headline, 'establishment' report. The 'Household Report,' which is based on a direct survey of people, and the Labor Participation Rate which compares people who are working versus those who are available for work, were in the tank. Some other aspects like wages and hours worked were not looking very good either.

There was intraday commentary on the Non-Farm Payrolls Report here.

But hey, Wall Street was happy, with both stocks and the dollar rallying, and the SP and DJIA reaching new all time highs. Naturally in keeping with Non-Farm Payroll tradition gold and silver were hit hard, and not all that subtly. The reason for this was that the great jobs number would bring out the Fed taper talk again, but not for stocks, which were just frothing. Except of course for Twitter which had its frothy moment yesterday.

The 'claims per deliverable ounce' for gold on the Comex rose to an all time high of 60.38 contracts per ounce said to be in their warehouses and available for delivery.    There was very little action in or out of the Comex gold warehouses yesterday.  They are the pretty magician's assistance on the stage.  The real action is taking place behind the screens.

Most of the commentary from the US financial media was funny, but in a very sad sort of way. 

Let's see how the delivery process for gold plays out into year end.

Have a pleasant evening.