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Connecting The Comex Dots


 -- Published: Tuesday, 2 February 2016 | Print  | Disqus 

by Rory, The Daily Coin

When people hear the world “armageddon” there are usually certain images the minds eye begins seeing. For each person it is probably little different with one exception. For the most part, there is nothing good associated with armageddon.

If we look at how our financial and economic worlds are beginning to unfold, especially over the past six months, we see nothing positive happening. Economies, around the world, are in free fall. How can I say this with such conviction? Well, if we look at the actual numbers, not the propaganda paraded as truth through the mainstream media, we begin to see just how bad it really is.

Two of favorite indices, the Baltic Dry Index (BDI) and the Shanghai Containerized Freight Index (SCFI), have been in free fall for most of 2015 and the trend is continuing into 2016. I can not even remember how many “new record lows” the BDI has hit during 2015. My guess is the first reading to come out in 2016 will continue the trend. The SCFI is bottom bouncing and the closing of 269 WalMart stores, worldwide, with 150 of those in the U.S., tells us all we need to know about how that particular index will proceed in 2016. If you have no finished goods to ship to the world, because the world is saturated in debt at all levels, there is no need to lease a containerized ship.

I sat down with Andy Hoffman, Marketing Director, Miles Franklin, to find out how 2016 may unfold according to his analysis. Andy, like other analyst, is seeing a global recession and probably the beginning of the Greater Depression. Sovereign debt, globally, is at levels the world has never seen before. Magicians tricks masquerading as monetary policies the world has never experienced. No one knows how to get out the current financial mess we find ourselves. It is an economic and financial nightmare that has been foisted upon the world by a handful of psychopaths who are trying to convince the world that everything is just fine. Well, it’s not.

This carnage is all by design. Andy, along with a great many other analyst, believe the Federal Reserve will not raise rates again, and will move towards more money printing (Quantative Easing). There may be more money printing on the horizon, however, according to history the Federal Reserve, who gets their marching orders from the Bank for International Settlement, will do the wrong thing at the exact wrong moment. This has been their M.O. for almost 100 years and I see no reason for them to change now. Interest rates will go up again in 2016 and may be accompanied by more money printing. Rest assured, this is the exact wrong thing at the exact wrong time.

Let’s revisit something Brandon Smith wrote a couple of months ago to show what I mean:

Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.”

Based on this pattern of policy actions leading to fiscal disaster, I believe alternative analysts can predict with some certainty what is likely to happen now that the Fed has raised rates in the middle of the most pervasive economic contraction since the Great Depression was initiated (as Bernanke admitted) by central bankers.

Now, let’s not forget that Richard Fischer, former President Dallas Federal Reserve, admitted live on national TeeVee, that the Federal Reserve’s policies were the reason the stock market went up for five years running and it was now in for a “digestive period”. Translation: time for the market to have a major correction. Maybe not all at once, but it is certainly time to pay close attention.

If you are thinking and preparing to protect your family and making plans on how to deal with the masses of unemployed, angry and hungry people who are going to be at your doorstep, now would be a good time to begin that process.

Gold and silver are part of the solution and the protection. They are one aspect of what is needed. You need to be acting on a multitude of fronts. Food, security, water, shelter and the list goes on. What’s the number one item on your list? Who will be able obtain ANYTHING if society breaks down? It’s better to be ten years early than one day late. If you are one day late…it’s not going to happen.

Take a look at Europe. Take a look at the U.S. – open southern border. The only difference is distance. Once the situation on this side of the world begins to break down, like we see in Europe, Africa, the Middle East and Eastern Europe, and we have an open border, the U.S. will devolve just as quickly, if not quicker, than Europe.

Overly dramatic? I hope so. I hope I am dead wrong. You had better hope all of the people who have been saying that 2016 is the year of armageddon, you had better they are all wrong as well. Right now, 2016 looks like the year for the SHTF. If I am wrong, we can rejoice in having another year of preparing,praying and attempting to make our world a little better.

What
- See more at: http://thedailycoin.org/?p=61194#sthash.Dw4l9sCO.dpuf

by Rory, The Daily Coin

When people hear the world “armageddon” there are usually certain images the minds eye begins seeing. For each person it is probably little different with one exception. For the most part, there is nothing good associated with armageddon.

If we look at how our financial and economic worlds are beginning to unfold, especially over the past six months, we see nothing positive happening. Economies, around the world, are in free fall. How can I say this with such conviction? Well, if we look at the actual numbers, not the propaganda paraded as truth through the mainstream media, we begin to see just how bad it really is.

Two of favorite indices, the Baltic Dry Index (BDI) and the Shanghai Containerized Freight Index (SCFI), have been in free fall for most of 2015 and the trend is continuing into 2016. I can not even remember how many “new record lows” the BDI has hit during 2015. My guess is the first reading to come out in 2016 will continue the trend. The SCFI is bottom bouncing and the closing of 269 WalMart stores, worldwide, with 150 of those in the U.S., tells us all we need to know about how that particular index will proceed in 2016. If you have no finished goods to ship to the world, because the world is saturated in debt at all levels, there is no need to lease a containerized ship.

I sat down with Andy Hoffman, Marketing Director, Miles Franklin, to find out how 2016 may unfold according to his analysis. Andy, like other analyst, is seeing a global recession and probably the beginning of the Greater Depression. Sovereign debt, globally, is at levels the world has never seen before. Magicians tricks masquerading as monetary policies the world has never experienced. No one knows how to get out the current financial mess we find ourselves. It is an economic and financial nightmare that has been foisted upon the world by a handful of psychopaths who are trying to convince the world that everything is just fine. Well, it’s not.

This carnage is all by design. Andy, along with a great many other analyst, believe the Federal Reserve will not raise rates again, and will move towards more money printing (Quantative Easing). There may be more money printing on the horizon, however, according to history the Federal Reserve, who gets their marching orders from the Bank for International Settlement, will do the wrong thing at the exact wrong moment. This has been their M.O. for almost 100 years and I see no reason for them to change now. Interest rates will go up again in 2016 and may be accompanied by more money printing. Rest assured, this is the exact wrong thing at the exact wrong time.

Let’s revisit something Brandon Smith wrote a couple of months ago to show what I mean:

Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.”

Based on this pattern of policy actions leading to fiscal disaster, I believe alternative analysts can predict with some certainty what is likely to happen now that the Fed has raised rates in the middle of the most pervasive economic contraction since the Great Depression was initiated (as Bernanke admitted) by central bankers.

Now, let’s not forget that Richard Fischer, former President Dallas Federal Reserve, admitted live on national TeeVee, that the Federal Reserve’s policies were the reason the stock market went up for five years running and it was now in for a “digestive period”. Translation: time for the market to have a major correction. Maybe not all at once, but it is certainly time to pay close attention.

If you are thinking and preparing to protect your family and making plans on how to deal with the masses of unemployed, angry and hungry people who are going to be at your doorstep, now would be a good time to begin that process.

Gold and silver are part of the solution and the protection. They are one aspect of what is needed. You need to be acting on a multitude of fronts. Food, security, water, shelter and the list goes on. What’s the number one item on your list? Who will be able obtain ANYTHING if society breaks down? It’s better to be ten years early than one day late. If you are one day late…it’s not going to happen.

Take a look at Europe. Take a look at the U.S. – open southern border. The only difference is distance. Once the situation on this side of the world begins to break down, like we see in Europe, Africa, the Middle East and Eastern Europe, and we have an open border, the U.S. will devolve just as quickly, if not quicker, than Europe.

Overly dramatic? I hope so. I hope I am dead wrong. You had better hope all of the people who have been saying that 2016 is the year of armageddon, you had better they are all wrong as well. Right now, 2016 looks like the year for the SHTF. If I am wrong, we can rejoice in having another year of preparing,praying and attempting to make our world a little better.

What
- See more at: http://thedailycoin.org/?p=61194#sthash.Dw4l9sCO.dpuf

By Craig Hemke

Last week, there was a lot of hubbub regarding the record low Comex registered gold inventory. At the time, we suspected that the vault movements were due to December "deliveries" and today we got our answer.

Before we start, please go back and review this article from one week ago. We rushed to get it published last Tuesday as it was important for everyone to understand the context and likely rationale for the movement of the "gold" that left the registered vaults at an all-time low.

At the time we speculated this:

"So, here is how I think this all comes together and why I caution you against jumping to conclusions today.

Go back up and look at how much gold was reclassified yesterday between Brinks, HSBC and The Scoshe. Notice that the total is 201,345 ounces.

And how much "gold" did JPM allegedly deliver to their own, proprietary account back in December? Again, that number was 202,100 ounces.

And we went the entire month of December and all of January without seeing ANY sizeable deposits into JPM's Comex gold vault. JPM booked in one of those perfect and precise, two metric ton jobs back on January 4. This raised their total Vault to 409,396 ounces. On today's report it's still just 409,195 and still shows just 7,774 ounces of registered.

So, here's what I suspect...

This movement today of 201,345 ounces, out of registered and into eligible at Brinks, HSBC and Scoshe, is the actual "delivery" of "gold" for JPM from December. JPM now holds this "gold" in warrant or warehouse receipt form in their competitor's vaults and it's all in the eligible category. As February "deliveries" begin later this week, DO NOT BE SURPRISED if JPM now becomes the issuer with HSBC and Scotia taking "delivery". This would fit the pattern of the continual and endless, circle jerk parade that creates the illusion of physical delivery on the Comex and allows the exchange to claim and maintain dominion over the price discovery process.

One final item, however, and this is important: Again, let's wait to see what the Gold Stocks report shows tomorrow. Perhaps JPM will book in these ounces after all and place them back into the registered category. IF THEY DON'T, then we have another data point on the long list of signals indicating physical tightness in the global gold market. As recently as 2009, The Comex showed over 5,000,000 ounces of registered gold in its vaults. As recently as one year ago, the total Comex registered Vault exceeded 1,000,000 ounces. As of today, that number has fallen to a new all-time low of just under 74,000 ounces."

With today's latest CME Gold Stocks Report, it appears that this is precisely what transpired.

Again, the important points are these:

  1. The proprietary account of JPMorgan stopped (took "delivery") of 2,021 Dec15 gold contracts during the delivery month of December.
  2. No gold was moved at all during December.
  3. Suddenly last Tuesday, 201,345 oz get reclassified from registered to eligible at Brinks, HSBC and Scotia. See below:

And now look what was reported today. The latest Gold Stocks report shows ALL of that same gold finally being moved from Brinks, HSBC and Scotia. And where did it go? Directly into the eligible vault of JP Morgan. Note that JPM also booked in another one of those perfect and precise, 3 metric ton jobs, too:

So, this obviously connects all of the dots. JPM stopped over 200,000 ounces of gold for itself back in December and, just today, they finally booked in the gold, having it sent over from the House Accounts of HSBC and The Scoshe. This still leaves two important points, though:

  1. Once again, the Comex delivery process is shown to be nothing but a Bullion Bank Circle Jerk where a bank takes delivery one month, only to turn around and issue the gold back out the next. Rarely does gold ever actually leave the Comex vaulting system and, today's action notwithstanding, rarely does it even move from vault to vault.
  2. Total Comex registered gold remains at all-time lows. Though some gold has recently been re-classified from eligible to registered as Feb16 deliveries begin, the total Comex registered gold vaults still hold just 145,000 ounces with 3,687 Feb16 contracts still open and standing, representing as much as 368,700 ounces of delivery obligations.

As usual, we'll continue to monitor this entire charade closely as the month of February will, no doubt, bring a whole new set of interesting developments.

TF

http://www.tfmetalsreport.com/


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 -- Published: Tuesday, 2 February 2016 | E-Mail  | Print  | Source: GoldSeek.com

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