Embry - There Is a War Going on Because Fiat Money Is Dying

"With global stock markets plunging, along with gold and silver, today King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management.  Embry told KWN “There is a war going on right now” because “the pure fiat currency system is on its last legs.”  Embry also said “Europe is in desperate shape” and the implications are “horrific” if the US dollar loses its reserve status.  Bur first, here is what Embry had to say about gold:  “Gold is falling because the powers that be, with their paper shenanigans, are knocking the hell out of it.  We see tremendous physical demand.  Massive amounts of gold are going through Turkey, into the Middle-East.  Chinese imports are strong.  To me that’s the ultimate antidote...”


at http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/5/8_Embry_-_There_Is_a_War_Going_on_Because_Fiat_Money_Is_Dying.html

Leeb - We Will Now See a Gold Standard Imposed in Europe

"With stocks trading lower, along with gold and silver, today King World News interviewed acclaimed money manager Stephen Leeb, Chairman & Chief Investment Officer of Leeb Capital Management.  Leeb told KWN we will see a gold standard imposed on Europe.  Leeb also said the Chinese will move to back the yuan with gold.  Here is what Leeb had to say about the situation:  “Gold is reacting to what’s going on in Europe.  It’s the last resort of liquidity for a lot of people.  It’s been the best performing major asset over the last 12 years.  You have a lot of chaos in Europe an no one knows what’s happening, so there has been a lot of reflex selling of gold.”

Stephen Leeb continues:

“Gold has been a bit stronger than I thought it would be considering the danger of a euro breakup is accelerating.  I don’t think there’s any chance the euro holds together under its current form.  Unemployment among the young in Greece is about 50%.  That can’t stand, it just can’t.

These politicians can’t do this forever.  People are not going to tolerate starvation.  Sooner or later the politicians are going to have to respond.  This means less austerity and more growth, and the end of German hegemony in Europe.

This looks similar to the end of World War I.  Once the euro goes, it will be very much like the end of the war.... 

“You are going to have a lot of currency devaluation.  You are also going to see massive inflation.  Everybody knows what that means for gold.

So you are in the last hours of turbulence for the gold market (to the downside).  Once this correction ends, you are going to have a barnburner to the upside.  Gold will just vault.  I don’t think investors will even remember these frustrating days.  I had been warning we could see this drop in gold because of the problems in Europe, but investors should take advantage of it.

Look at what China is doing.  China is buying gold hand over fist right now.  They are going to move the yuan forward as the world’s reserve currency and it’s going to be partially backed by gold.  The world can also expect to see a gold standard imposed on Europe in the next 12 to 18 months..."

at   http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/5/9_Leeb_-_We_Will_Now_See_a_Gold_Standard_Imposed_in_Europe.html

The Weekly Dose of Gold & Silver Market Manipulation

"This strange event happened this past Tuesday in the COMEX New York markets but I didn’t have time to post it until now. Not much to add here in the commentary that the pictures don’t say themselves, except that market prices of two different assets do not plunge in tandem by 1.2% within a matter of half-an-hour or so at precisely the same time and then gain everything back in the next two hours if their prices are set by free and fair markets. In regard to the buzz on the blogosphere this week regarding rebuttals to gold and silver market manipulator deniers, I believe that a lot of gold/silver analysts that deny gold/silver market manipulation actually believe, and firmly believe, that the gold/silver markets are manipulated. How can you not believe, given the numerous instances of tens, and sometimes, hundreds of millions of paper silver (and paper gold) ounces dumped in the futures markets immediately before intra-day crashes in price that occur on a nearly weekly basis now? In the face of all the evidence, including documented minutes of the US Federal Reserve that actually admit to gold/silver market rigging (just refer to any of a number of GATA publications), the gold/silver analysts that continue to deny market rigging would:..."

at  http://www.theundergroundinvestor.com/2012/04/the-weekly-dose-of-gold-silver-market-manipulation/

Silver Shield’s Complete Silver Manipulation Documentation

at http://ausbullion.blogspot.com/2012/04/silver-shields-complete-silver.html

Central Banks Stockpiling Gold & Governments Hoarding Oil

"With gold and silver set up for a big move this week, today King World News interviewed 40 year veteran, Robert Fitzwilson. Fitzwilson is founder of The Portola Group, one of the premier boutique firms in the Unites States. He told KWN that investors need to accumulate key assets while they remain undervalued. Fitzwilson also said gold, silver and oil are being hoarded by a combination of central banks and governments. Here is what Fitzwilson had to say: “It is critical that people distinguish between price and value. As prices fall and ‘utility’ stays the same, that is what creates greater value. In the case of oil, gold and silver, not only is the utility holding steady, but it is actually rising.”

Robert Fitzwilson continues:

“As we learn that the spare capacity to produce oil is flat to declining, the economic value of the existing production rises. As central banks have realized that they were dramatically overexposed to fiat currencies and underexposed to gold, utility for them went from ‘nice to have’ to ‘critical to have.’

The reality is that the value of gold and silver is climbing every day even as the price is becalmed or periodically taking a nosedive...."

athttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/4/1_Central_Banks_Stockpiling_Gold_%26_Governments_Hoarding_Oil.html

READ MORE

Billionaire Hugo Salinas Price - World May Go Down in Flames

"Today multi-billionaire Hugo Salinas Price told King World News a complete catastrophe is unfolding in Europe. He also called Fed Chairman Bernanke “a vampire” and urged people to hold gold and silver because they will be the last things standing. But first, Salinas Price warned about the serious dangers we are facing: “I think that unless we see legislation, somewhere, that is rational and recognizes that gold and silver are really different forms of money, and that this whole scheme of paper is unworkable, then the world is going to go down in flames. The only thing that would last will be people’s savings of gold and silver.”
   athttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/3/30_Billionaire_Hugo_Salinas_Price_-_World_May_Go_Down_in_Flames.html

Countries Swapping Billions & Transferring Oil Ahead of War

"Fitzwilson is founder of The Portola Group, one of the premier boutique firms in the Unites States. He told King World News that countries are engaging in currency swaps out of fear of being cutoff from international transfers. Fitzwilson also said gold and silver are getting ready for a major move. But first, here is what Fitzwilson had to say about recent developments: “Another development that’s been happening in recent days is swaps are being made. China and Australia just recently completed a $31 billion swap of their currencies. To me that’s tantamount to barter. These countries have essentially pre-positioned their currencies, probably because they are worried about being cutoff from international transfers.”

Robert Fitzwilson continues:

“Jim Sinclair has pointed out what is taking place with the SWIFT system. I would just like to add that SWIFT has now become a weapon in the currency wars and as Sinclair correctly stated, unfortunately the United States is now threatening other countries. We are saying if they do not do what we want, we will cut them off from SWIFT, which will effectively shut down their economy.

We have already seen this with Iran, so India and Iran were trying to do an oil for gold swap. Evidently we’ve warned the Indians because we’re not happy about that. So SWIFT is being used to threaten our trading partners and allies....

“As we now know, South Africa is actively trying to participate in dethroning the dollar as the reserve currency. If you look at the pattern of what is happening, these are like mini earthquakes all over the world. 

When you add these seismic events together, it suggests that something may be imminent, perhaps in the next month or two. Saudi Arabia is suddenly sending 22 million barrels to the United States. Why did they do that? 

Are they trying to get paid for it before there is some sort of eruption in the Middle-East? Is the US stockpiling oil ahead of war? There are military assets being positioned all over the Middle-East, on all sides. So something is building and these countries are taking action ahead of that for self preservation which is understandable.”

   athttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/3/27_Countries_Swapping_Billions_%26_Transferring_Oil_Ahead_of_War.html

Silver Manipulation Caught in the Act; HFT Swamps NASDAQ with 75K SLV Sell Orders Per Second

"Ironically, just days after noted analyst Ted Butler came on the show to explain how silver and other markets are manipulated through the use of high frequency trading, the real-time data feed company, Nanex, showed how the silver ETF (SLV) was forced downwards by a rapid number of machine-generated quotes exceeding a rate of 75,000 per second. Before you start to think that this was merely a bunch of people hitting the sell button all at once, consider this: They were all launched within the space of 25 milliseconds—ten times faster than you and I can blink!

Here’s a chart of the second by second market activity in SLV where you can see the massive lightning-quick spike occurring at 13:22:33.

Source: Nanex

Ted Butler Explains the Whole Process

"What's happening is that these commercials [or large traders], through HFT, can set the price suddenly down. It didn’t go down because there was massive selling from the commercials, they just set the price down. They know how to do it with their computers by putting in actual orders, and faking it, and spoofing, canceling them right away; but what happens is when the price moves down then the selling comes, which is the intended effect and result. Commercials basically put the price down in order to set off stops because everybody seems to be some type of technical trader in the market that reacts to prices."

(Click here for interview and full transcript)

Of course, this isn't just limited to the extremely emotional gold and silver markets. A new study released last month, Financial Black Swans Driven by Ultrafast Machine Ecology, looked at 600 different markets around the world and found that these sort of events happen routinely. Over the most recent five years of market data analyzed, 18,520 crashes and spikes occurred at a speed far exceeding human origin.

Making Money from Human Emotion

So what is going on here you might ask? Like the premise of Robert Harris' new fictional sci-fi thriller, The Fear Index, it appears that mathematicians have figured out a way to make money off human emotion. Then again, this really isn't anything new. One very old trick for doing this, as Ted Butler mentions, is by triggering sell-stops. As it turns out, millions of investors around the world reveal their emotional tolerance for how far a stock can vary before automatically buying or selling at a set price. With access to such highly valuable information, one could make a killing by simply preying on the emotional levels of human greed and fear revealed by investors tipping their hand, so to speak, to the market. Of course, analyzing such data with pattern recognition software has advanced light-years since stop-losses were born. That's kindergarten compared to what they're doing now.
As Robert Harris says regarding the technology he imagined, "What they've done in my book is developed an algorithm that can predict the markets by analyzing the incidence of fear related words on the internet—trends on Facebook, Twitter—a sense of the mood. I thought I was making this all up but, of course, I then discovered this is yesterday's news—they've been doing this for years! There's nothing you can invent that these guys, very clever, haven't thought up before you."

at http://www.financialsense.com/contributors/cris-sheridan/silver-manipulation-caught-in-the-act-hft-nasdaq-slv

Silver Money found after 1,700 years, and it is still valuable!

"More than 30,000 silver coins have reportedly been unearthed during an archaeological dig in Bath.

One of the largest hoards of Roman coins discovered in Britain has been discovered by archaeologists working at the site of a new city-centre hotel.

The hoard, believed to date from the third-century, was found around 450 feet from the historic Roman Baths.

Experts believe the "treasure trove" is the fifth largest hoard ever discovered in Britain and the largest from a Roman settlement, the Telegraph reported.

The coins, which have been sent to the British Museum for further analysis, are fused together in a huge block.This has made identification and counting difficult and conservators at central London Museum expect that the task of analysing the coins would take around 12 months..."

at  http://ausbullion.blogspot.com.au/2012/03/silver-money-found-after-1700-years-and.html

From The Archives - Bunker Hunt And 'Silver Thursday'

"Back in May of last year, just after the now historic silver slamdown of "Silver Sunday" on May 1, 2011, when the metal imploded by nearly 20% in the span of seconds, a move that some considered 'normal', primarily the CFTC, we presented the extended biopic of the infamous "Silverfinger": Bunker Hunt, who attempted to corner the silver market, and succeeded, if only briefly. Today, courtesy of Grant Williams, we have dredged up the following clip from the archives, which is a 10 minute overview of just how there is really nothing new ever in the silver market, bringing up memories of Silver Thursday, March 27, 1980, and raising questions whether last year the move in precious metals was not due to the same attempt to corner the silver and gold markets as happened 30 years prior. A far more important question perhaps is how was it that tried a redux of the Hunt brothers (and Warren Buffett of course), and when will someone take their place next?

And for those who may not have seen it the first time around, here is a repost of our original article from April 2010, "A Deep Insider's Walkthru To Silver Market Manipulation"

A second whistleblower speaks. As the topic of physical delivery has gained prominent attention recently, it is crucial to complete the circle and show how this weakest link in the PM market is (ab)used by the big boys: Phibro and Warren Buffet. Pay particular attention to the analogues between the methods employed in the 90's commodity market and how the PM (and equity) market is being gamed currently. And to think that each new generation of traders believes it has discovered something new..."

at http://www.zerohedge.com/news/archives-bunker-hunt-and-silver-thursday

The Crazy Things That One Whistleblower Says Are Happening At JP Morgan Will Blow Your Mind

"Rampant silver manipulation? Rampant gold manipulation? Rampant LIBOR manipulation? Hiding MF Global client assets? These are all happening at JP Morgan according to an open letter reportedly written by an anonymous employee of the firm. The whistleblower also warns of a "cascading credit event being triggered" by derivatives related to Greek government debt. Unlike Greg Smith at Goldman Sachs, this whistleblower has chosen to remain anonymous for now. According to the letter, the whistleblower is still an employee of JP Morgan and has not resigned..."

at http://theeconomiccollapseblog.com/archives/the-crazy-things-that-one-whistleblower-says-are-happening-at-jp-morgan-will-blow-your-mind