Weird Blip in Todays Gold and Silver Charts after Market Close

Check out these charts form just after the close of todays trad­ing.

First todays Gold chart — drops and recov­ers 40 USD in an instant:

Gold is being manipulated?

Blip on Gold Chart from 2012-11-26

And now check-out the Sil­ver chart:

Blip on Silver chart for 2012-11-26

Blip on Sil­ver chart for 2012-11-26

Kind of fun­ny that they hap­pen at exact­ly the same time? The USDX (US Dol­lar index) shot-up and then recov­ered, in a mir­ror of the met­als move­ment.

Manip­u­la­tion? Foul-play? Hmm­mm.…..

Richard Russel Fears that Money will Die

Richard Rus­sell is con­vinced that we are in the End-Game of this finan­cial regime and that mon­ey will die because of the Fed­er­al Reserve inter­ven­tion and gov­ern­ment manip­u­la­tion.

Richard Russell

Richard Rusell was one of the first News Let­ter authors

Here is what he had to say:

At any rate, I’m per­son­al­ly torn between putting all my assets into bul­lion gold coins or leav­ing half in gold and half of my assets in US dol­lars. Very frankly, I’m no longer even think­ing of mak­ing mon­ey in the mar­kets — I just would love to keep my pur­chas­ing pow­er intact. On top of that, I don’t trust the gov­ern­ment, and I don’t trust the Fed or the Trea­sury. In their demand to mak­ing Fed notes the only legal ten­der mon­ey, I believe the Fed (and the gov­ern­ment) would stoop to any trick or law or machi­na­tion to ensure that Amer­i­cans must accept Fed notes as the only legal ten­der mon­ey.

The gov­ern­ment (Con­gress?) could pass a law out­law­ing any trans­ac­tions in gold or sil­ver or any pre­cious met­al. The gov­ern­ment could halt the trad­ing of gold or gold ETFs. Or there might be a dozen tricks that the gov­ern­ment could use that would out­law the use of gold as legal ten­der. Then, there are always tax­es as a bar­ri­er to even own­ing or trad­ing gold. As it is, the IRS treats gold as a col­lectible and tax­es you when you sell your gold.

So I dun­no, hold all your assets in gold bul­lion coins? Frankly, I’m afraid to. The bankers demand that I use their rot­ten fiat notes as mon­ey, and believe me, the bankers (the Fed) run the coun­try.

Thus, I am doomed to hold some dol­lars, and, in turn, my dol­lars are doomed to lose pur­chas­ing pow­er month after month, and year after year. Talk about rob­bery!

What about own­ing stocks as a way to keep your pur­chas­ing pow­er? Bill Gross of PIMCO thinks stocks will be a lousy invest­ment over com­ing years, and he thinks bonds will be even worse.”

Well sober­ing thoughts indeed but accord­ing to Jim Sin­clair there will be no chance of Gold-Con­fis­ca­tion — But does any­one real­ly know?

© Copy­right MMXII

So just why did Gold Jump 22 USD to 1,751 USD over Thanksgiving?

Gold prices could be back on their way upwards again. Last night at close of busi­ness gold prices jumped up (almost spiked up) 22 USD to close the day up at 1751.90 USD per once. It has not been there for almost 10 months so this could be a good sign for the year end.

gold has re-started it's upward journey

Gold back at 1,751 USD an once — On it’s way up once again ?

I would expect to see the last high of the 1900s’ test­ed again and if we are lucky could be into 2k USD Gold ear­ly next year. What a won­der­ful New Years gift that would be!

© Copy­right MMXII

All the Gold has Gone from Western Central Bank Vaults?

Eric Sprott of Sprott Asset Man­age­ment is one seri­ous play­er and you would do well to lis­ten to him when­ev­er he speaks.


The chief of Sprott Asset Management

The man him­self on Bloomberg TV

He was just on Bloomberg TV dis­cussing his recent­ly pub­lished paper to which the con­clu­sion is The West­ern Cen­tral Banks can­not pos­si­bly have any Gold Bul­lion left in their vaults.

The expla­na­tion is sim­ple — gold sup­ply has remained con­stant at approx­i­mate­ly 4,000 tonnes per year. This has remained con­stant since the year 2000 — no doubt about that. How­ev­er the annu­al amount that is being pur­chased on the open mar­ket is going up, with almost 500 tonnes over the amount mined in a year. So how his this pos­si­ble? Where is the extra 500 tonnes of Gold com­ing from?

Sprott alludes to the fact that the cen­tral banks are “lend­ing” it out for cash into the mar­ket. This should real­ly be called “sell­ing”, because this gold is nev­er com­ing back. The trick is in their accounts and book-keep­ing. The banks are enter­ing this as “Gold Reserves and Gold Receiv­ables” — Receiv­ables being code for we sold it, but we still want to keep it on our books.

If we were to try that kind of cheap trick we would be locked-up and they would through away the key…But a cen­tral bank? No prob­lem — That’s ok boys!

You need to watch this inter­view — there are a lot of good nuggets of info in there…

© Copy­right MMXII

Germany Wants (a tiny bit) of it’s Gold Back

Ger­many wants it’s Gold Bul­lion Reserves back.

German gold bullion coin

Ger­man gold bul­lion coin

Ger­many has the sec­ond largest gold reserves in the world. Or at least it should do. A quick look at the Wikipedia gold reserves chart shows that as of year end 2011 total offi­cial hold­ings are 3,396 met­ric tonnes of gold.

Gold Bul­lion Reserves of top 10 nations

The thing is, as with most cen­tral banks (that are not BOE, or Fed­er­al Reserve) some por­tion of these reserves are held off-shore. This is most­ly a rel­ic of Nixons tyran­ni­cal dis­man­tling of the gold stan­dard back in 1971 (August 15th — A very Black Day), when gold was actu­al­ly used for set­tle­ment, and if not shipped at least moved from one part of the vault to anoth­er (I kid you not).

Any­way, back to Ger­many. They want their gold back. Who wants their gold back? Good ques­tion, depends who you ask:

Here are the play­ers:

* The Peo­ple (Das deutsche Volk) — Would like their gold back
* The Bun­des­bank — Seem strange­ly ambiva­lent about the whole affair
* Ger­man Par­lia­ments Bud­get Com­mit­tee — pushed by the peo­ple to take action
* Ger­many Audit Court — pushed the Bun­des­bank to do some­thing by the Par­lia­ment
* Fed­er­al Reserve Bank of New York — claim it’s too secure to audit

After years (maybe decades) of ask­ing, they have got to the point that our good old friends at the Fed­er­al Reserve stat­ed that it would not be pos­si­ble

in the inter­est of secu­ri­ty and of the con­trol process”.

Excuse me?

Imag­ine going to your bank to get a bank bal­ance, ask­ing to see your safe deposit box (you do have one right?), or oth­er­wise access to your prop­er­ty and then being told — “No. In the inter­est of secu­ri­ty and of the con­trol process”. How would you feel? How would you react? What would you do next?

Ger­many is believed to have approx­i­mate­ly 2,000 tonnes (a lot) over­seas in for­eign cen­tral bank (evil corp) vaults: Fed­er­al Reserve, BoE, Bank of France. Notice a con­nec­tion between those names? Yeah, they are the so called *Allies* at the end of the 2nd World war (Rus­sia strange­ly miss­ing). How help­ful they were to pro­tect Ger­ma­nies Gold in it’s vul­ner­a­ble state after the end of the war. Here is an inter­est­ing pic­ture of US Sol­diers from 1947 in Ger­many get­ting ready to export that wealth — for safe keep­ing (for the record — Gen­er­al Pat­ton Third Army unit — 1947):

US Soldier in 1947 removing German Gold Bullion Reserves to America

US Sol­dier in 1947 remov­ing Ger­man Gold Bul­lion Reserves to Amer­i­ca

Res­o­lu­tion — It seems that the Bun­des­bank (prob­a­bly not the Ger­man peo­ple) are quite hap­py to work out the details off-line over time and deter­mine what to do next :

The dis­cus­sions have been fruit­ful and the Fed­er­al Reserve has expressed a com­mit­ment to work with the Bun­des­bank to explore ways to address the audit obser­va­tions, con­sis­tent with its own secu­ri­ty and con­trol process­es and logis­ti­cal con­straints.”

It also appears that they have lots of trust in their US com­pa­tri­ots:

had no doubts about our Amer­i­can part­ners, at no point in time. For us it’s a ques­tion of reg­u­lar­i­ty and how we’ll pro­ceed in the future”


With this much mon­ey at stake — how would you accept any­thing oth­er than an audit? The gold have nev­er been audit­ed once since it was moved to US. No won­der the Ger­man peo­ple are furi­ous about this — I know I would be.

In the mean­time the Bun­des­bank has come up with an incred­i­bly under whelm­ing solu­tion — repa­tri­ate 50 tonnes of their Gold every year for three year. Oh, so that would be a grand total of 150 tonnes…Leaving let’s see…2,000 — 150 is about 1,850 tonnes unex­am­ined, unau­dit­ed, and unproven. There is some­thing fishy going on here.

If you believe that the big guys (Fed­er­al Reserve, BoE, etc) real­ly do not have any gold left any­more, and let’s sup­pose fur­ther that the Bun­des­bank either know or sus­pect this, then maybe this is a “get me off the hook” move. This would give the Fed­er­al Reserve time to buy Gold on the open mar­ket and ship it back to Ger­many — a rea­son­able amount. The illu­sion is main­tained that all is well. I sus­pect this is what is going to hap­pen. Maybe even the Audit court, and the Ger­man Bud­get Com­mit­tee know this too?

Ques­tions to pon­der:
* If the gold real­ly is gone — where is it now?
* If the gold is gone was this done with or with­out the knowledge/permission on the Bun­des­bank?
* Which coun­tries will be next to move on this *touchy* sub­ject?

One oth­er thing — A sim­i­lar move has been request­ed in Switzer­land to repa­tri­ate their off-shore gold reserves. This will become very inter­est­ing because in Switzer­land the peo­ple have the right to a ref­er­en­dum (just need 50,000 peti­tion) on any top­ic they so wish.…Things should be hot­ting up soon…

Stay tuned, buy phys­i­cal gold and sil­ver, store it wise­ly, and start think­ing hard and deep, and take action…More about that soon


© Copy­right MMXII