Saturday, April 20, 2013

There is a Run on Physical Gold and Silver, that’s why the Feds are Attacking It! This is the first time in human history in which all the world’s major currencies are collapsing together!!!

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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