Ted Butler: JP Morgan’s Perfect Silver Manipulation Cannot Last Forever

 Silver manipulation – a lot has been written about the subject, not many have grasped how it works exactly. The age of algorhythm trading (best known as High Frequency Trading, or HFT) allows for manipulative tricks to be rolled out in a very clever way. The “intuitive” way to manipulate the price of a commodity to the downside is…

There Is No Question That We Are Now In The End Game

In the aftermath of another takedown in gold and silver, today the man who predicted this downside action ahead of time told King World News “There is absolutely no question that we are now very much in the end game.”  William Kaye, who is one of the savviest and most well-connected hedge fund managers in…

Keiser Report: De-Americanizing (E510)

Published on Oct 15, 2013

In this episode of the Keiser Report, Max Keiser and Stacy Herbert, discuss stop logic and victory vomit in a de-Americanized world. In the second half, Max interviews Rowan Bosworth-Davies, a former fraud squad detective, about crime being what you call it – so let’s call it a racket or organized crime as practiced in the City of London.

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Historic Events Unfolding As West Becomes More Desperate

With an eerie calmness in global markets, even with the continued chaos in Washington, today a man who has been trading major markets for over four decades told King World News, “Western manipulators are going to be crushed by the growing tidal wave of physical gold demand.”  He also spoke about the incredible and historic…

Gold And Silver Smash & A Nation On The Edge Of A Precipice

With continued intervention and pressure in the gold and silver markets, today the 42-year market veteran who correctly predicted that the Fed would not taper spoke with King World News about exactly why the intervention is taking place in the metals markets, and the answer will surprise some readers.  Below is what Egon von Greyerz,…

“Stop Logic” Gold Slam Was So Furious It Shut Down CME Trading Again – ZeroHedge

It was precisely a month ago when, in “Vicious Gold Slamdown Breaks Gold Market For 20 Seconds [5]” we wrote: There was a time when, if selling a sizable amount of a security, one tried to get the best execution price and not alert the buyers comprising the bid stack that there is (substantial) volume for…

Maguire – The “Vampire Squid” Is Busy In The Gold Market

On the heels of a plunge in the price of gold and silver, today London metals trader Andrew Maguire spoke with King World News about the takedown in gold and silver, and he told KWN the “Vampire Squid” is very busy in the gold market.  He also spoke about what is taking place in the…

What Investors Must Know If There Is A “Catastrophic Event”

On the heels of tremendous volatility in key global markets, today a 42-year market veteran warned King World News that there is something incredibly important which investors absolutely must be aware of in case there is a “catastrophic event.”  Hathaway, who is one of the most respected institutional minds in the world today when it…

Gold struggles in Frankenstein economy

BY ROSS NORMAN October 10, 2013 Central bank interventions in the economy are nothing new, even if the dealings of central banks and even the U.S. Exchange Stabilization Fund are often murky. The consequences of them, however, are a man-made economy that behaves and looks rather weird, a Frankenstein economy if you will. The most obvious…

Weekly COMEX Gold Inventories: Gold’s Divergence From Silver Continues

Disclosure: I am long SIVRSGOLGGAGGOLD(More…)

Last week was a fairly quiet week in terms of COMEX gold inventories, but that quietness was broken by an extremely large withdrawal of over 160,000 on one day, which led to a large fall in total gold inventories for the week. This week the quietness returned and the only major thing to note was a large transfer of gold from eligible to registered status, though we did hit a new cyclical low for total COMEX gold inventories and we are currently at 2005 levels of inventories.

Keeping track of COMEX inventories is something that is recommended for all serious investors who own physical gold and the gold ETFs (GLD,PHYS, and CEF) because any abnormal inventory declines may signify extraordinary events behind the scenes that would ultimately affect the gold price.

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We will take a closer look at these numbers, but let us first explain the COMEX a little more for investors who are unfamiliar with it.

Introduction to COMEX Warehousing

COMEX is an exchange that offers metal warehousing and storage options for its clients. The list of their silver warehouses can be foundhere and their gold warehouses can be found here. In the case of silver and gold, the metal is stored at these official warehouses on behalf of banks and their clients and can be used to settle futures contracts, transferred between clients, or withdrawn from the warehouse. This offers large holders of precious metals a convenient way to store their metal with minimal storage fees – very convenient indeed if you hold large amounts of gold or silver and you don’t want to store them in your basement.

Silver and gold stored in these warehouses can fall into two categories: Eligible and Registered.

Eligible metals are those that conform to the exchange’s requirements of size (1000 ounce bars for silver and 100 ounce bars for gold), purity, and refined by an exchange approved refiner. Eligible metals are stored at COMEX warehouses on behalf of banks or private parties, but are not available for delivery for a futures contract.

Registered metals are similar to eligible metals except that these metals are also available for delivery to settle a futures contract. COMEX issues a daily report on gold, silver, copper, platinum, and palladium stocks, which lists all the metal that is currently stored in COMEX warehouses and how much eligible and registered metal is present.

This information allows investors insight into how much metal is currently backing COMEX futures contracts, what large gold and silver owners are doing with their metals, and how many clients are requesting delivery of their metals. There is a lot more to glean from this information but for the purpose of this article we will focus on the gold drawdown.

This Week’s Changes: Large Transfer Increases Registered Gold While Total Gold Continues to Drop

Let us now take a deeper look at the gold draw-downs being seen in the COMEX warehouses.

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Last week we saw a large transfer of eligible gold to registered status (making it eligible for delivery) in the JPMorgan warehouse, but total gold held at COMEX warehouses continued to fall for the week and ended the week 7,665 ounces lower.

Registered gold increased by a large amount for the week because of this transfer but, as investors can see in the chart below, the long-term view is this was merely a blip in a continuing decline of registered gold inventories.

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Published on Oct 3, 2013

This is a fun one, we visit with the one and only Jan Skoyles, writer and researcher for The Real Asset Co. Jan has a degree in International Business and Economics, and she’s got a great sense of humor – which is a great asset indeed in these trying times.

Jan tells us the issues with the CFTC and the manipulation in the silver market just makes silver even more of a “ticking time bomb.” Jan says her personal allocation for silver and gold is 50/50, “That’s how much faith I have in silver.” And if you miss Jan at the Pub, you can always catch her over at SGT Report, or daily at The Real Asset Company!

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Music: “Covert Affair” ( Licensed under Creative Commons “Attribution 3.0”…

The content in my videos and on the SGTbull07 channel are provided for informational purposes only. Use the information found in my videos as a starting point for conducting your own research and conduct your own due diligence (DD) BEFORE making any significant investing decisions. SGTbull07 assumes all information to be truthful and reliable; however, I cannot and do not warrant or guarantee the accuracy of this information. Thank you.

COMEX Warehouse Gold Bullion: Price Moves Smell of Desperation As Inventory Remains Thin

01 OCTOBER 2013 Jesse’s Cafe Americain  ‘O sir, to willful men, The injuries that they themselves procure Must be their schoolmasters.” William Shakespeare, King Lear There were 3,215 ounces of gold bullion taken out of the HSBC warehouse. The JPM warehouse had 7,143 ounces changed from deliverable to eligible. Perhaps the price action freed up some…