Global Gold & Silver Markets Set To Explode?

By TheIntelHub
TheAvalonRoundTable

Oh! what a tangled web we weave

When first we practise to deceive!

- Walter Scott

The September 20, 2010 Max Keiser interview with guest Jim Willie from GoldenJackass is about to send shockwaves around the Gold & Silver World Markets.

Max Keiser, who has a popular radio talk show and YouTube Channel – MaxKeiserTV talked with Jim Willie who has an online site called GoldenJackass and who also publishes The Hat Trick Newsletter.

According to Jim Willie in his interview on Max Keiser’s show On the Edge:

“In late July there was a story about the Bank of International Settlements and a 340 Ton Gold Swap Contacts (approximately $13,872,000,000.00 Billion Dollars). It aroused a lot of suspicion, it generated a lot of stories, and I think some diversion stories were permitted, like they were helping out some commercial banks. And then later, coincidentally a similar amount to the 340 tons was the supply and inventory of the Portuguese Central Bank.

Well, I came to learn through my sources that the London Bullion Market Association, I call it the London Metal Exchange, London Gold Market – It suffered a heart attack. There was a good clue cause there was a coincident event on July 24, 2010, the LBMA went, as I call it, Data-Dark. They closed their access to data, did not share any of that access, and actually said things like; “For members only, and if you want to become a member it’s 25,000 pounds and you need three references.” It was a bunch of BS.

What happened was the London BMA, LBMA suffered a heart attack and suffered raids. These are not illegal raids, they’re perfectly legal through contracts that they sell, called futures contracts. (GOLD $1,275.00 London Fix)

I mean, they may defraud on their end, but if a person wants to go long and have a delivery that’s perfectly legal. So, what happened, according to a source of mine who actually knows some of the participants, let’s call them the dirty dozen. But they’re heroes.

A dozen or so parties – think of Billionaires in the Arab world and China, and maybe a Russian or two, I don’t know, it’s mainly Chinese and Arabs. The Billionaires demanded a huge amount of gold. They employed two insiders within the supply stream, within the LBMA itself, who helped coordinate upstream sourcing of Gold. They did not use any Brinks Insurance Contracting because, as they say, it would have displayed red flags for the simultaneous legal raids.

They employed military precision.

They were underestimated by my source, who clains the London boys just figured well, “They can’t pull this off, it’s too big, it’s too much, it’s too diverse.” – but they did. The military precision was astonishing, London fellows were defenseless, and as my source says, this will not end until the Anglo-Bankers are DEAD & DE-NUTTED.

They’re being exposed for their Fractional Practices, which are anywhere between 45 ounces to 100 ounces being sold and bartered with, whatever, per 1 ounce that they’ve actually got.

* Video #1 at 4:54 continuation with further details of this great news.

This above all–to thine own self be true,
And it must follow as the night the day,
Thou canst not then be false to any man.

- Shakespeare’s Hamlet

Essentially, what this WORLD GOLD CRISIS means is that individuals in the Gold and Silver markets are waking up to the probable fact that a Fractional Selling Scheme exists today in the Gold & Silver Markets and the BIG BUYERS who own enormous quantities of Gold and Silver are CASHING IN.

The calling in of Allocated Gold and Silver Contracts will surely be the demise of the perpetrators of this scheme in a short time. In terms of the quantity that is required to completely destroy this Fractional Speculation, it is approximately equal to the percentage of the Fractional Selling Fraud. That basically means that, as reported by Jim Willie, the Gold Fractional Market is at a rate of 45 to 1 even up to 100 to 1.

The entire Fractional Scheme will be destroyed if 1% to 2% of the Gold Contracts take physical delivery.

Likewise, and even more significantly, the Silver Fractional Market is leveraged at 100 to 1 according to Jim Willie. Recent statements made at CFTC meetings by GATA explain what has been going on for some time. A Physical Demand by 1% of the Silver Allocated Funds might result in the Silver Fractional Scheme coming to an abrupt and disastrous end for many speculators who will never see anything due to the 100 to 1 leveraging.

The leveraging of silver contracts to physical silver on deposit is estimated to be 100 to 1. That means simply that 99% of the investors in the market who demand delivery potentially may get nothing. The Sellers most likely don’t have the silver in their possession, according to recent statements by GATA.

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Max Keiser

• Max Keiser is a TV presenter, radio host, entrepeneur, broadcaster and journalist.
• Max Keiser is the inventor of the  virtual specialist technology / prediction markets, Hollywood Stock Exchange,  Karmabanque, and PirateMyFilm
• Max is presenter of “The Oracle with Max Keiser” on BBC World News, which aired every Friday from 9 January 2009 through March 2009.
• Max and Stacy host of the weekly radio talk show, The Truth About Markets, on Resonance 104.4 FM in London every Saturday night since January 2005.
• Max is a former Wall Street broker.
• To watch all episodes of Max Keiser On the Edge

REFERENCES

http://www.youtube.com/user/MaxKeiserTV

http://maxkeiser.com

Video (3) Air date: 17 September 2010

http://www.youtube.com/watch?v=IDuZmmz3dqg

http://www.youtube.com/watch?v=5OLyLifIkts

http://www.youtube.com/watch?v=MaWi5heq5mw

http://www.lbma.org.uk/pages/index.cfm

Disclaimer: The content in this article is provided as general finance, economic and market information and entertainment only and should not be taken as investment advice. Any action that you take as a result of information on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.

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Read the original story at Alexander Higgins Blog