Profile image
Story Views

Last Hour:
Last 24 Hours:

Gold and Silver Slammed at Comex Open: Something Bad Is Coming

Tuesday, October 4, 2016 12:04
% of readers think this story is Fact. Add your two cents.

Investment Research Dynamics

This is starting to smell a lot like 2008.  By nearly all private sector reported economic data series, the economy is starting to tank hard.  Just today the employment component index of the NY ISM manufacturing report plunged at its fastest pace in history and hit a 7-yr low.  A bevy of private sector reports yesterday showed similar trends.  Most notably construction spending fell in August – vs. a .7% gain expected.  It was the second month in row construction spending declined after a big downward revision pushed July into a decline vs. June.  Construction spending is now contracting for the first time in 5 years.

But there’s an even bigger problem to throw in the mix.  It’s called “Deutshce Bank.” Despite inexorable pleas to the market by CEO, John Cryan, DB is exhibiting ALL of the characteristics displayed by Lehman in the months leading up to Lehman’s collapse.  If DB were forced to undergo an independent – and by independent I mean non-Central Bank, impartial outside third party – audit and a bona fide mark to market of its off-balance sheet “assets,” the bank would be catastrophically insolvent.  As it is now, the stock market values DB stock at just 26% of DB’s stated “book value.”  It’s true book value is likely negative by at least few $100 billion.

Just for the record, I did “back-of-the-envelope” mark to market analysis on the balance sheets of Lehman, JP Morgan, Washington Mutual and Wells Fargo at the beginning of 2008.  This was before I had a blog but I had shared my work with Bill “Midas” Murphy’s Le Metropole Cafe.  My work showed that each one of those banks were hopelessly insolvent if accurate accounting would have been enforced on those banks.  Wash Mutual and Lehman collapsed that year.  JP Morgan and Wells Fargo also would have collapsed if the Government had not ripped over $800 billion away from taxpayers and gave it to the big Wall Street banks plus Warren Buffet’s bank.

Deutsche Bank is at least as underwater as each of those banks – and probably more underwater than Lehman and Wash Mutual combined.   If the western Central Banks can’t find all of the hidden skeletons in DB’s derivatives closet and clandestinely monetize them, DB will collapse.

Gold is being taken down just like it was in 2008 ahead of some type of systemic disaster coming at us.  Gold hit $1020 in March 2008 just as Bear Stearns was collapsing.  It was taken down even more during the summer, ahead of Lehman’s collapse.  These events should have pushed gold over $2000 back then.  Gold eventually almost did hit $2000 by late 2011.  The same price management effort is being implemented now and the elitists will do their best to keep gold from broadcasting a loud warning signal to the markets that something is wrong.

Unfortunately, if the masses were allowed to see gold’s “canary” die in the “coal mine” behind the elitists’ “curtain,” it would enable the ones paying attention to get their money out of banks and other monetary custodians before their money is vaporized by whatever financial hurricane is brewing.

Today gold was smashed right when the Comex floor opened.  This is standard operating procedure:


In the first 30 minutes of Comex floor trading, 3.2 million ounces of paper gold “bombs” were dropped on the Comex. Currently the Comex is showing that 2.5 million ozs of gold have been made available in Comex custodial vaults for delivery. Naked short-selling of futures contracts this extreme only occurs in the gold and silver markets. If selling of this magnitude relative the amount of underlying available for delivery occurred in any other commodity, the CFTC would immediately investigate. Not so in gold because the CFTC is part of the elitist team that is charged with price management of gold.

The common “muscle” reaction to a day when gold, silver and the mining stocks are down as much they are now is to sell and run.  But this is the wrong reaction.  If you want to do something to try and protect what’s your’s, days like today are when money should be removed from banks – especially Deutsche Bank – and moved into the precious metals sector.  This may not be the bottom but you liked mining stocks in July, you should love them now.   The HUI has nearly completed a 200 day moving correction.  It might go lower from here but you’ll never pick the bottom.

We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Total 12 comments
  • Elijah
  • WhiteDawn

    There will be no single human entity, no single faction on the planet, either from China or from anywhere else, deciding where the gold goes. The gold will be used as a collateral, as the basis of the new transitional financial system. It will not be given to any particular group or any particular country. It will not be the beginning of a new powerful China that will control the rest of the world. It will not be the old way. It will be the new way. It will be a new way. All the nations of the world will benefit from the wealth that has been accumulated.

    Rob asks then about the significance and worth of the certificates and bonds held by various groups;

    “Those certificates will only be used as instruments for the bankruptcy of the Federal Reserve. This is their role. There are many groups that try to cash those bonds. Of course, the vast majority of them have not been successful because the Cabal doesn’t want to acknowledge those bonds. And when everything is ready, the Eastern Alliance can bring those bonds to the table and demand payment from the Federal Reserve and this will actually effectively bankrupt the Federal Reserve.

    And this is the moment the Resistance Movement presses on the button and does the financial reset, and out of the reset, those bonds will be worthless. There will not be anything because even the Chinese Dragon families have accumulated that gold from peasants, from people, from little people. The dynasties have been actually stealing that gold from people and it doesn’t belong to them. It belongs to the whole of humanity.”

    • VirusGuard

      You make a good argument but you are wrong and the paper price of silver could be $5000 oz and no one is selling at that price or it could be $12oz when none is available to buy.

      it’s just numbers and they can put any number they want into the computer like they did until 1973 when france asked for payment in gold


      • charlie2dogs

        that is right manipulation of markets has controlled the markets for 25 years, and raped and plundered the people and countries in the process.

  • Болеслава

    Buy gold. Its down.

    • saucepan

      I agree, now is a great time to buy gold or silver.

  • Mr. R. West

    Where’s all the “buy gold” posts now … what bad advice!

  • Mr. R. West

    I’m going broke on gold .. thanks for nothing!

  • nath checkout Davids top quality silver/Gold bullion coins/bars frre postage within Australia but not sure of int costs.Tell him Nath reccomended you & receive discount :) great time to invest! I even buy a 1/10th oz silver coin if I’m budgeting.One day it will be very valuable.

  • VirusGuard

    Well i kept telling you all to wait for $12oz silver but you didn’t want to listen

    You see gold often goes down when it should be going up and up when it should be going down and this reverse logic help those that fix the market to make more money from uneducated punters.

    With or without DB being on the ropes or war with russia (if it’s not a ploy) moving closer the price was going to go down when it should be going up

    When you see adverts on you TV offering to sell you silver/gold then now is not the time to buy unless you think you are smarter than they are.

  • carolina4

    did you buy paper gold while the elite took off with the physical gold? i heard there were private bunkers all over america and europe holding the bars. ahhh, who cares. that physical gold is probably just tungsten underneath.

  • CharlesH

    I’m a low level silver stacker but just the same, I’m taking advantage and adding to my “collection”. You are right – something big is heading everyone’s way and it’s coming fast and it will hit hard! Best of luck to everyone. :cool:

Top Stories
Recent Stories



Top Global

Top Alternative



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.