A Serious Gold And Silver Market Event About To Happen And This Is So Much Talk Which Will Fail To Contain The Metals

The Shanghai Gold Exchnange has been delivering 200 tons /month for 20 months and the physical pull from LBMA is relentless.
Scroll down to see the enormous gold draw on Shanghai over the past two years:
http://www.goldminerpulse.com/v/shanghaiGoldExchangePhysicalDelivery.php
LBMA / Comex collapsing:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/5/10_Maguire_-_Perfect_Storm_In_Gold_As_LBMA_%26_COMEX_Collapsing.html
Quote:
One thing is certain today, the bullion banks are on the long side of all of this selling.  We are seeing cracks appearing in the fractional reserve LBMA and COMEX price setting mechanisms.  It’s really thanks to the most recent paper market discount that we are evidencing this accelerated migration of bullion from the West to the East…
…And even though this activity (intervention) bought a little more time for these guys, the immediate and unanticipated but accelerated bullion demand (all over the world), actually ended up digging an even deeper hole for the Fed, the Bank for International Settlements (BIS), and the agent bullion banks.  They have actually shot themselves in the foot.

By simply tracking the movements in the international wholesale market, it’s clear that a major supply problem is brewing.  Where has this bullion gone?  It is clearly Fed and Bank for International Settlements borrowed bullion.  What they are doing is seeking to avert a fractional reserve delivery default.  These are in the price setting centers of London and the COMEX.  And it is further extenuated by arbitragers who are moving bullion out of the COMEX and reselling it at higher, real global prices.
So you have a perfect storm here.  This (Western gold) bullion is not coming back.  It’s being re-melted, cast into kilobars, and it’s ending up directly in Eastern hemisphere central bank and sovereign vaults.  And all of this time the bullion banks are calling for lower prices, and the mainstream media is touting a bear market.  The bullion banks are fully aware of this threat, and they are exiting these mismatched short positions.

LBMA had 40 tons gold purchased today:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/5/10_Maguire_-_Stunning_40+_Tons_Of_Gold_Bought_On_Price_Dip.html

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