Gold Market Breakdown

I've been following this rumor for a week or so, apologies for not posting sooner. It's a great freaking story.

source

Quote :

November 19, 2009
Jim Willie, The Golden Jackass

The rise in gold pre-sages a currency collapse, led by the USDollar.
Gold vaults at commodity exchanges in New York and especially London
are being drained by delivery demands. Gold demand is skyrocketing, as
distrust for the USDollar is broadening and revolt against the US$ is
deepening. The quintessential finance war is between the United States
and China, with the battlefield being the US$ and Gold. The race over
the $1000 price level came in the face of mammoth shorting by the same
Usual Suspects on Wall Street, which do so with paper, but without the
required collateral. The gold market is poised for a surprise upward
move from a basic broken condition, as the Powerz are losing control.
It would be a joy to watch except for the extreme hardship due to come
to the betrayed American people.

$$$ THE BIGGEST GOLD CRIME STORY OF THE CENTURY MIGHT BE SOON COMING TO
FULL LIGHT. EVIDENCE IS BEING ACCUMULATING THAT THE CLINTON ADMIN WITH
RUBIN AT USDEPT TREASURY REPLACED PERHAPS THE ENTIRE CONTENTS OF THE
FORT KNOX GOLD WITH TUNGSTEN BARS PLATED BY GOLD. THE SALTED GOLD BARS
ARE FASTING BECOMING A GLOBAL CRIME ISSUE. HONG KONG DISCOVERED THEM,
AND NOW ASSAYERS ARE TRYING TO AUTHENTICATE MOST OF THE GLOBAL GOLD
HELD IN BANKS. ENTIRE NATIONS ARE AT RISK. BEFORE LONG THE USGOVT COULD
BE DECLARED A ROGUE NATION INTERNATIONALLY. $$$

Evidence is being gathered by perhaps a dozen key gold traders with
diverse connections to the gold industry. They tie the delivery
systems, the authentication processes, the assayers, record keeping,
big financial firms, and trading platforms. Evidence mounts that as
many as 1.5 million 400-oz gold bars were replaced at Fort Knox during
the Clinton Admin with tungsten bars covered with a thin gold plate.
This was a complex metallurgical feat, from what is told. The first
'salted bars' were discovered in Hong Kong a month ago, reported by the
Hat Trick Letter. Since that time, tens of thousands of bars have been
examined, usually using four test holes drilled for direct sampling.
Other non-invasive methods are being used as well, such as
electro-magnetic tests to detect the actual lattice structure of the
metal to distinguish gold from other substitutes. Word came this week
that almost every available assayer in the world is currently tied up,
charged with proving the authenticity of gold bars worldwide, right
now! Rob Kirby suspects that the Street Tracks GLD exchange traded fund
might be loaded with such salted bars. It is a perfect destination for
them, since the Wall Street syndicate prevents any audit. The total
value of gold removed within the plot was worth over $500 billion. So
where are the real gold bars stored? My guess is the same location
where the Madoff money is secretly held.

My view is the story is not only credible, but it is the climax to the
US financial collapse. In time the United States will be isolated,
declared a Rogue Nation, unable to fund its debt except with
monetization, whose leaders and former leaders face international
prosecution. The resulting inflation will undermine the USDollar to the
point that it will not be accepted. A USTreasury default will be
forced, all in time. To be sure, some demand for gold might be frozen
into inaction obviously, as customers would fear owning fake gold bars.
However, the significantly greater effect is that sellers of gold will
scramble to purchase real gold bars, so as to avoid fraud charges,
criminal prosecution, and jail time. They will be motivated to repair
the fraudulent transaction with full expedience. The replacement effect
will cause an extraordinarily huge demand. Only at that time, will the
risk of exposing the stolen gold come, as the thieves will want to cash
out on their crime, at least partially. The removal and illegal swap of
gold has precedent. In the 1960 decade, around 1968, President Lyndon
Johnson ordered the removal of 7000 of the 8000 tons of gold from Fort
Knox, and had it sent to England. The motive was to support the gold
price at the time. Just a few years later, the US under President Nixon
abandoned the US$ Gold Standard, as dictated by the Bretton Woods
Accord. The gold was replaced during the Johnson Admin in Fort Knox by
lead bars plated by gold. A contact of mine was in the USMilitary
Police at the time. He reported long caravans exiting Fort Knox for
weeks at a time, but the details of shipments were not known to the
guards, only their duties.

For some excellent forensic financial analysis on the fake gold
project, called Operation Grand Slam, see Rob Kirby's article. It is
entitled "On Doing God A New Take On Operation Grand Slam With A
Tungsten Twist HERE), dated 12 November 2009. $$$ GOLD MARKET BREAKDOWN
IS WITHIN VIEW. LONDON GOLD IS BEING DRAINED BY THE CHINESE. A
DISMANTLE OF THE CRIMINAL APPARATUS IS THEIR GOAL. UPON FULL BREAKDOWN,
THE GOLD PRICE WILL BE RELEASED FROM PAPER TENTACLES AND RISE SHARPLY.
$$$

Pressures mounted in early October at the London metals exchange as
gold contract holders demanded delivery of gold. My source tells me
that the parties demanding gold were almost exclusively Chinese. It is
mostly private billionaires. Their stated motive was to diversify out
of US$-based assets. Their rumored motive was to ruin the exchange,
expose the chronic fraud linked to government ministries, and force the
USDollar to fight in the open to demonstrate value or lack of value.
The source said the next round of gold contract delivery pressure comes
in late November, then again in March 2010, and finally in June 2010.
He said the gold is gradually being drained in London, and that all
demands for gold delivery were met in October, using legal force, the
courts, and powerful attorneys. Not a single gold contract was settled
for cash with a 25% dividend bribe. He concluded that the financial
system will be broken at the gold-USDollar cross beam. He openly stated
that he could not conceive of the system holding together past June of
next year, and a severe test is likely in March 2010. He said with sly
tone, "There is a saying: Watch out or you become shit before your own
shovel. That is what is happening to the BOYZ right now. The people in
the driver seat of the bulldozer have clear instructions what to do in
the gold market." When the breakdown comes, it will be next to
impossible to trade in USDollars, to settle commerce in USDollars, to
finance the USTreasurys, to supply the USEconomy with credit, and to
maintain the US banking system. The banks in the United States will
then shut down in all likelihood.

My view is that a battle royal is being played out with gross global
pressures, between the old broken insolvent corrupted powers of the
West versus the new wealthy ambitious powers of the East, led by China.
The future chapters will possibly involve the Intl Court in The Hague
for prosecutions against the Wall Street firms and former USTreasury
officials. It will possibly involve a wave of murders from the middle
levels, working up, since the guilty parties operate with impunity and
government protection. It will surely involve relentless attacks on
COMEX and London CME for gold deliveries, where collateral requirements
are not enfoced. The practice is known as naked shorting, illegal. It
will probably involve the isolation of the United States, with full
recognition of a crime syndicate lodged within its government
ministries and capital markets. These are truly incredible times.

So, we've seen about a 10% rise in Gold spot in the last month. Nothing to write home about, really.



I would think that this "story" (whatever one thinks of it) would actually create a loss of confidence in the Gold supplies and we'd see a price nose dive.

I've always thought they'd crash Gold/Silver somehow. Somehow I think this little roller coaster ride of a story is some kind of lead up to just that.