Weekly Look at Gold Market Fundamentals with David Jensen & Jay Taylor

The UK is supposedly criminalizing manipulation of gold, silver, crude oil and other commodity market trading. But will sending a couple of people to jail rid these markets of criminal activity when the proverbial fox is guarding that “chicken coup?”  Manipulation and deceit of gold and silver prices is endemic in the system that allows a small number of elite banking institutions slam the market with endless paper gold sales that have little or nothing to do with real gold and silver bullion. Nothing of substance is likely to change with this window dressing by the U.K. Government. David Jensen explains how an infinite amount of paper contracts are used by a handful of banks to keep people from taking delivery of gold and silver and thus keep the global fiat monetary fraud alive, at least for the time being. But the fraudulent money game, embarked on by the banks in a major way with the detachment of gold from the dollar in 1971 may indeed be nearing its end as David explains.

• by definition, trading of virtual gold and virtual silver to create large virtual positions of non-existent metal held on the LBMA manipulates the gold and silver price
• institutions and sovereign investors have relied on the LBMA to create gold and silver positions
• unravelling of this leveraged structure will lead to market failure in London
• daily gross gold trade volume at LBMA is 207M oz. using LBMA’s 10x net cleared volume vs daily gross trade volume
• keep in mind that the LBMA asserts London trades 85% of daily global gold trading volume.
• LBMA has an implied open interest of 400M to 600M oz – London steers the world’s gold price
• Greenspan admits that gold is a premier currency stronger than all paper currencies
  • deflationary impact historically is that gold buys more goods
• economic models promoted by central banks of inflation creating growth is snake-oil
  • printing money to hide deflationary collapse ongoing
  • need to manipulate the gold price to hide the ongoing deflationary collapse as predicted by John Exter

2) Closer look at silver

http://www.lbma.org.uk/Clearing-Statistics

• new daily silver fix provided in part by Reuters – a traditional propaganda arm of UK Gov
  • why UK maintaining implied connection?
• daily net cleared volume 172.3 million oz. in November 2014
• using the LBMA’s 10x gross trading volume vs net clearing volume estimate, London trading 1.7 billion oz per day gross trading volume
  • using 2x multiplier, 3.4 billion oz. silver open interest at the LBMA
  • using 3x multiplier, 5.1 billion oz. silver open interest at the LBMA
• annual global silver supply (including 800M oz of mine supply) is approximately 1 billion oz.
• global refined silver stockpiles are estimated at 1.2 billion oz. of silver (includes ETF holdings)
• artificial supply of silver appears to be created at the LBMA

3) Currency ‘Wars’

• all fiat regimes collapse in the end
• countries globally scrambling to keep economies functioning
• not so much wars as desperate monetary inflation to address problems caused by monetary inflation
• some (BRICS) moving to sound (gold) money to protect their citizens

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