Can the Banksters Stop the Next BANK RUN ON GOLD??
Can the Banksters Stop the Next BANK RUN ON GOLD??
Gold & Silver Analyst Harvey Organ Joins the Show This Week For A FASCINATING Conversation:
Physical Silver Update:
Sales of US Mint Silver Coins remained subdued this week at 220,000 Silver Eagles, bringing year to date Silver Eagle sales to just 6,842,500 coins 2.5 months into the year. (In 2016 the Mint sold nearly 6 million coins in January alone).
Premiums on 90% silver bags stabilized this week after jumping last week, as the .50 jump in silver spot prices freed up additional silver bag inventory.
A STORM Is Coming…
GATA Chairman Bill Murphy Joined Us To Break Down Today’s $2 BILLION Paper Silver Massacre:
Murphy Reveals Shares Were Slaughtered Ahead of Today’s Silver BOMBING, and This Is Leading To Something Spectacular In The Silver Market…
Are We About to Witness THE END Of Gold and Silver Price Manipulation?
We suspect today’s trading action in the metals was NOT what the bullion banks had in mind, particularly after building up ALL-TIME-RECORD short commercial short positions in silver.
Will A Commercial Signal Failure and A Massive Short Squeeze Come Next?
Gold and silver prices have been under attack over the past 48 hours as the Fed is suddenly hell-bent on forcing a March rate-hike narrative down the market’s throat. Odds of another rate hike by the Fed in March have surged from 20% last week to over 82% today.
After breaking through the 200 Day Moving Average and reaching $1263 early Monday, Gold prices traded as low as $1237 this morning, but have rallied this afternoon all the way back above $1250!
Silver was knocked from $18.55 Monday down to $18.15 last night, but has amazingly retraced the entirety of its losses in today’s session, with a last of $18.50!
Both metals’ refusal to break down in the face of what now appears to be an imminent Fed rate hike in March, along with Trump’s $1 Trillion in Infrastructure Spending comments in his Speech to Congress Tuesday evening are impressive, and signal that LARGE buyers are now buying ANY and ALL dips in gold and silver.
Today’s trading action in the metals also gives validation to London Trader Andrew Maguire’s comments last week that a physical floor has been placed under the gold and silver markets due to massive outflow of physical bullion, and that the system faces a heightened risk of a price reset over the next 90 days. Maguire went so far as to say that should $1232.30 becoming support materialise and gold head back towards $1250, such a stair step rise in PHYSICAL support poses a serious threat that threatens a commercial signal failure.
We suspect today’s trading action in the metals was NOT what the bullion banks had in mind, particularly after building up ALL-TIME-RECORD commercial short positions in silver.
Will a commercial signal failure and a massive short squeeze come next?
As Gold and Silver Burn Higher,
Fund Manager Dave Kranzler Reveals The Cartel’s BIGGEST FEAR:
The Gold Trade Note is gradually coming into view, its form within structured contracts is taking shape as components. the Petro-Dollar has almost completely vanished. The Petro-Yuan is essentially here in its infancy, in rudimentary form. the leap to the Gold Trade Note will be easy, once the pieces are aligned and in place. This new note for usage in secure trade settlement is in the inception process. It will be structured within existing trading vehicles and platforms.
The Russians and Chinese appear to be forming the basis for the payment vehicle within the oil trade. Consider it as a formal reflection of the Iran-India gold for oil trade.
Bilateral Oil for RMB Sale + Shanghai Gold Exchange = Gold Trade Note
This triangle is precisely what China and Russia are doing now. Russian oil & gas is being sold for Chinese Yuan, and then Yuan is traded for Gold at the Shanghai Gold Exchange. The trade is not complex at all. Oil for RMB for Gold, creating a transaction payment in gold terms. The part unclear is posted margin to confirm and seal the transaction. The immediate implication is that the Chinese RMB will have a quasi-gold link. The original model used might have been the Iranian oil sales to India, with payment completed using Turkish gold. Such gold for oil trade appears to have been commonly executed from 2006 to 2010, and likely beyond that date.
The Jackass has been expecting that the Gold Trade Note would be structured in a clever way, using swap contracts in major global commerce. It might be taking form in the triangle cited as the working template. Oil is the biggest commercial trade item. Soon comes the RMB-based contract for crude oil, traded in Shanghai. It will surely cause big waves, a major disruptive event.
STANDARDS AND CYCLES ANEW
The Petro-Dollar system has stood for 45 years. It has decayed into tatters. Its derivative foundation is being liquidated, a long painstaking process. A new disruptive model was forged in 2014 when Iran sold India oil, which was paid in gold, but delivered from Turkey. Gradually emerging is the Gold Trade Note, first in oil payment then later in general payments in shipped goods. It is evolving within the Chinese market from Russian energy sales, all conducted outside the USDollar sphere.
GOLD ENTERS THE TRADE EQUATION: