The reports of massive drainage of Gold and Silver inventories are
pouring in from around the world. Now do you understand why the Feds are
attacking it so desperately? They need to stop the run before it forces
the Comex and others into default! They are totally desperate now!
Comex Gold:
Over the last 90 days without any announcement, stocks of gold held
at Comex warehouses plunged by the largest figure ever on record during a
single quarter since eligible record keeping began in 2001 (roughly the
beginning of the bull market). See chart below…
http://bullmarketthinking.com/comex-gold-inventories-collapse-by-largest-amount-on-record/
Former US Treasury high official: “This sell off orquestrated by the FED”
http://www.paulcraigroberts.org/2013/04/04/the-assault-on-gold-paul-craig-roberts/
Comex Silver:
COMEX registered silver inventories have fallen off the proverbial
cliff this week, as registered supplies have dropped a massive 10% in
the last 48 hours!
Nearly 4 million ounces of physical metal has vaporized from COMEX
vaults as the rush to physical intensifies in the wake of the Cyprus
bail-in wealth confiscation as news has spread that nations the Western
world over are preparing to shove the next banking crisis down the
throats of depositors.
http://silverdoctors.com/comex-silver-inventories-fall-off-cliff-as-registered-silver-declines-by-10-in-48-hours/#more-24869
GLD:
GLD Holdings Plunge…
Gold has faced stiff headwinds lately as investors abandon
alternative investments to chase record-high stock markets. Probably the
most significant has been the major selling hammering the flagship GLD
gold ETF. It has suffered such intense differential selling pressure
that its custodians have been forced to dump enormous quantities of
physical gold. What are the implications of this flood of new supply?
The amount of gold bullion GLD has hemorrhaged recently is amazing.
To put it into perspective, earlier this week the rumor that embattled
Cyprus may be forced to sell its official gold reserves made news. The
Cypriot government owns 13.9 metric tons of gold. But on a single
trading day alone in February’s gold capitulation, GLD had to sell 20.8
tonnes! The supply recently added by GLD dwarfs everything else.
http://news.goldseek.com/Zealllc/1365782977.php
Brinks, CNT, Delaware, HSBC, & Scotia:
Epic drainage of physical silver inventories continued Tuesday, as
17.3% of CNT’s physical silver inventories vaporized for the 2nd
consecutive day, cutting CNT’s physical silver inventories by 1/3 in
only 48 hours!
Brinks’, CNT, Delaware, HSBC, & Scotia (every vault except JPM) all
saw significant physical withdrawals, as a massive 2.7 million ounces of
physical metal fled COMEX depositories.
http://silverdoctors.com/30-of-cnt-silver-inventories-withdrawn-from-comex-vaults-in-2-days/
What makes this moment in
history unique is that all past monetary regime collapses have happened
regionally. This is the first time in human history in which all the
world’s major currencies are collapsing together. Which is why he is so
passionate about owning gold and silver.
In his opinion, we will soon witness the greatest transfer of wealth
ever seen, as countries worldwide realize they need to revert to
monetary systems backed by sound money (i.e., the precious metals).
Those acquiring gold and silver beforehand will not only preserve their
wealth as existing fiat currencies are extinguished, but will see
staggering increases in their purchasing power.
http://www.zerohedge.com/news/2013-04-14/mike-maloney-todays-low-gold-silver-prices-are-not-realistic
The Stunning Roadmap to $500 Silver & $8,000 Gold
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/11_The_Stunning_Roadmap_to_$500_Silver_&_$8,000_Gold.html
Lots of anti gold propaganda ( Soros, Roubini, and much more)
http://www.gotgoldreport.com/2013/04/arrogant-gold-bears-press-in-the-market-and-in-print.html
Sky Pilot
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