" the opportunity to obtain real metal is coming to an end,..."
B.I.S. GOLD SWAP & L.B.M.A. DRAIN
◄$$$ L.B.M.A. IS DEAD, DRAINED, AND DEFUNCT. LIKE THE BIG BANKS, IT IS A ZOMBIE SHELL OF A MARKET ENTITY. A MAJOR RUN ON THE BULLION BANKS HAS BEGUN IN EARNEST. ITS PHONY STRUCTURE IS BEING REVEALED. SETUP STORIES ARE COMING TO HIDE ITS EMPTY INVENTORY. THE DATA DARK EVEN IN LATE JULY WAS PROBABLY DUE TO A SUCCESSFUL LEGAL RAID. $$$
It has come to my attention that coordinated raids of the London Metals Exchange have taken place, all very legal, but done in a manner that its officials do not realize the scope of the organization. Several buyers acted in organized coordinated fashion. The raids took place in July and continue. The buyers went into the market with a massive volume compared to what can be considered normal. The buyers were ringed around the globe, in direct communication. In at least two instances agents within the inner sanctum of the London gold market worked in collusion with the buyers, the agents volunteering valuable information where certain quantities existed. This data enabled optimal positioning for the trades, where demand was made where supply laid. The buyer then cleaned all the physical out in one sweep, with pressure given by attorneys when necessary. The sellers obviously had misjudged the buyers financial resources and inside knowledge. A degree of military precision was demonstrated, along with seemingly unlimited financial resources. Hints of hidden unconditional political backing was mentioned, for applied pressure, although in vague terms. No trace of their activity was evident, as would be expected with numerous high volume demands for delivery. No insurance register spikes were permitted, as the buyers flew under the normal radar screens when lifting the gold bullion without protection. The raid, or legal surgical removal, might have been the largest ever. They took advantage of deep insider knowledge, even deeper pockets, and precise execution team to pull off the event. In doing so, the LBMA members inventories were nearly drained. The London officials scrambled to replenish their raided gold supply. Members of the exchange are in the process of having cut off their entire raw precious metal supply at the source. On the following week, the LBMA shut down all trade data.
THE LONDON METALS EXCHANGE SUFFERED A MAJOR HEART ATTACK FROM A GLOBAL GOLD RAID, VERY LEGAL. LONDON SUFFERED MAJOR DEPLETION OF ITS GOLD INVENTORY DURING THE COORDINATED RAID. THEY SHUT DOWN ALL DATA REPORTING UNTIL THEY COULD REJIGGER AND DOCTOR THEIR PHONY INVENTORY DATA. The financial press reported data darkness, but omitted the story about global coordinated legal raids on gigantic gold supply at numerous supply sources. They undoubtedly did not know about the raid, or were ordered not to report it. That would have been damaging for the gold cartel.
In the aftermath, a note came from a well established trusted gold banker source. He hinted at knowing at least one or two participants in the coordinated raid. He said "The Boyz at the LBMA probably had digestion problems, and are putting their inventory books back in order after some of their member inventory was raided the other day. From what I hear, they did not see that one coming. A second wave should hit them not before long. They are absolutely defenseless. It is called feeding one's adversaries their own medicine while turning the tables on them." Incredibly, the group has managed to solicit the cooperation of two agents from inside the LBMA, exploiting a division inside. People within the LBMA are working to destroy the LBMA. My guess is that 15 to 20 parties worked closely together, with military precision and without telltale insurance contracts that would serve as warning flags internally.
Some direct questions were delivered to this source, who has 25 years of experience in the gold trading business. My question was: "Did the London dark data problem have anything to do with the Bank For Intl Settlement Gold Swap?" His answer was LIKELY YES. My question was: "Did the BIS have to bail out London in supplying them urgent gold inventory?" His answer was SURELY YES. My question finally: "Was the story permitted to be incorrect regarding the Portugal Central Bank as distraction?" His answer was COULD BE YES. Very intruiging!!
Two analogies make sense. One is of a big car whose engine lubrication is slowly drained. The temperature of the moving parts is rising, as the engine grinds, and a seizure comes. Another is a man with a bad case of chronic diarrhea, who cannot stop emitting the nether substance. He continues to lose his inner juices as effluent until he passes out. Eventually he dies from dehydration and electrolytic starvation. The gold market is living on borrowed time. The window will soon close for private citizens to purchase gold bullion in any form. Time is running out. Seizures and magnificent deceptive cover stories are to come. Let's see how much credibility the mainstream stories contain. The flimsy stories, in my view, will be shot full of holes, shot to hell. The Gold price will skyrocket when it becomes clear that the gold inventory is non-existent in the gold metal exchanges. The Powerz might evade legal responsibility by means of assorted lies and stories, but the end result will be absent gold supply in inventory. No supply, huge demand, and price rises without resistance.
◄$$$ A DRAIN ON THE L.B.M.A. INVENTORY IS WELL ALONG. EVER SINCE THE DEATH EVENT OF WALL STREET, THE MOVEMENT BEGAN TO TARGET LONDON. THE L.B.M.A. TEMPORARILY SHUT DOWN THEIR DATA REPORTING. THEN IN FOUR DAYS, IT WAS RE-OPENED. A SHOCK WAVE PROBABLY STRUCK THEIR INTERNAL STRUCTURE, FORCING A QUICK RECOVERY. ADRIAN DOUGLAS OFFERS HIS VIEWPOINT ON THE DATA DARK EVENT. HE CITES THE FAILING NATURE OF THE FRACTIONAL RESERVE MANAGEMENT. $$$
Adrian Douglas of the Gold Anti-Trust Action suspects something is very fishy in the precious metals market. The elaborate game of price manipulation, naked shorting, and supply falsification is under great stress and in the process of breakdown. On the weekend of July 24th, the London Bullion Market Assn decided to block access to activity data relating to the trading activities of its member bullion banks. Only members could access data. The conclusion reached by Douglas is, "There is a cover-up of back-door injections of liquidity of physical gold, and the LBMA now is trying to conceal trading information. I interpret the LBMA's move to secrecy as a sign that the opportunity to get real metal is closing fast." His comments are valuable but lack specifics.
Douglas went on to explain. He wrote, "I have recently written a series of exposes of the LBMA using the association's own data to show that the LBMA's bullion banks are operating on a Fractional Reserve basis. My analysis indicates that the bullion banks are holding only one real ounce for about every 45 ounces of gold that they have sold, a reserve ratio of just 2.3 percent. At the March 25th public hearing of the US Commodity Futures Trading Commission on precious metals futures markets, I cited the LBMA's own statistics to label the 'Unallocated Gold Accounts' of the bullion banks as a Ponzi scheme. There were bullion bank representatives at the hearing but no one expressed an objection. That hearing was videotaped and posted at the CFTC's internet site, but the bullion banks have not made any public statement rebutting what I said. In fact at that hearing Jeffrey Christian, CEO of the CPM Group, acknowledged that what is widely called the physical market is in reality a largely paper market trading gold and silver as if they are financial assets and not physical metals. Christian stated that 100 ounces of paper gold are traded for every 1 ounce of physical gold... The LBMA has now commenced a cover-up with respect to the gold trading activities of its member bullion banks, withdrawing statistics from the public domain. This appears not to be the only cover-up going on in the gold market... Similarly it was recently discovered that the Bank for International Settlements did not feel it necessary to announce its involvement in the largest Gold Swap in history, 346 tonnes. The BIS swaps instead were discovered only because a market analyst dug through the footnotes of the bank's financial statements."
Observe the hallmark evidence of a gold run with coverup. The LBMA data showed that in May 2010, the average net daily trading in gold by LBMA member banks jumped a massive 50% that month. It rose to 24 million ounces per day from 16 million ounces per day, on course if stable to reach a staggering $7.5 trillion annually. Next factor in the razor-thin fractional reserve basis the London exchange runs on. Douglas firmly believes that a run on the bullion banks has commenced, a dangerous one given its fractional reserve scheme. He suspects a grand coverup of desperate emergency shipments of gold to meet demands, and thus avert a default. It was the BIS that supplied London the gold bullion. Their lack of transparency raises the risk of sudden financial crisis, like all events in the recent couple years. The criminal syndicate hides its actions, declares its losses, then demands the public to bail them out, while preventing legal prosecution. The gold market is not only an extension of the criminal activity and corrupt schemes, it is the center since it supports the monetary system. The bullion banks have sold mountains more precious metal than they can deliver, at a time when customers accelerate their demands for gold & silver delivery. When the LBMA resumed data reporting, it clearly demonstrated that the gold price was dominated by the paper contracts and not by supply & demand in the metal.
The status of Unallocated bullion accounts is precarious, as owners should be worried. The LBMA gives away their intention to swindle them. The LBMA describes owners of Unallocated bullion accounts as Unsecured Creditors much like the arrangement with credit card debt. The creditors lose out with zero recourse to be compensated. These Unallocated account holders have no claim or title to any bullion, only a promise without legal binding. The bullion banks are required only to settle in cash for non-performance, under agreements (fuzzy). Hence, as Douglas explains, if and when the major physical squeeze evolves further, and takes the gold and silver price to multiples higher, the hapless holders of Unallocated metal accounts will find they do not own any bullion, nor will they be compensated at the prevailing market price. They will be given a force de jeure price, much lower, actually at any level the exchange decides. He interprets the LBMA's move to secrecy, even if shortlived, as a sign that the opportunity to obtain real metal is coming to an end, if even the exchanges are challenged to locate gold supply. Gold investors are soon to receive a painful and costly education on the nasty distinction between Unallocated and Allocated accounts. The latter will grow wealthy, while the former will be screwed and watch it all unfold. See the Zero Hedge article (CLICK HERE).
