Great article from Intern. ForecasterYet another expert calling for a nice movie in our beloved silver..................................Goldnsil
Thefollowing are some snippets from the most recent issue of theInternational Forecaster. For the full 32 page issue, please seesubscription information below.
US MARKETS
What you are now witnessing is the slow motion destruction ofthe CRIMEX, formerly known as the COMEX, a commodities futures marketwhich is supposed to provide a means for producers to hedge theirproducts, but which has morphed into a rigged casino where commoditiesthat don't exist are traded as if they did for prices that exist onlyin the fairytales woven by the Illuminati, who control the exchange.This destruction is what happens when the credibility and integrity ofthe market owners and managers of the CRIMEX, together with thecredibility and integrity of the market regulators, the CFTC, move fromnear zero to negative infinity.
Not only do the owners and regulators do absolutely nothingabout obvious criminal manipulations and illegal concentrations ofshort positions, but also we believe that they conspire with thecriminal operators, which we refer to as "commercial shorts," to aidand abet their criminal mischief by divulging the precise nature of thetrading positions of the "spec longs" who take the other side of thecontracts, thus allowing pinpoint attacks on black-box formulations,especially where stops have been placed, thereby minimizing the cost ofthe manipulations by preventing the waste associated with overkill.Also, the owners and regulators change margin requirements, andwhitewash investigations of obvious illegalities, whenever it serves toprotect the commercial shorts, thus making a mockery out of theexchange and transforming what are supposed to be free markets intocrony capitalist, corporatist fascist systems of syndicated piracy.This lack of integrity and criminal manipulation is the most pronouncedin the gold and silver commodity markets, but many other types ofcommodities are under manipulation as well, especially oil, base metalsand agricultural produce, meaning most of the rest of the exchange.
The despicable, nefarious dealings of the miscreant CRIMEXowners and regulators is quickly catching up to them in the preciousmetals markets of the exchange, and soon every one of the spec longs isgoing to pick up their toys and go home, and if the specs have anybrains or sense of justice, they will take as much of the CRIMEX goldand silver with them when they leave by paying cash for it and takingdelivery of it.
Since the end of October, when open interest for the Decembergold contract started a new series of decreases as the rollovers gotoff to any early start, the December open interest has fallen from190,140 to this past Friday's 122,902, yet total open interest hasfallen from 305,451 to 285,219 during that same period.
Thus, of the 67,238 December contracts that have beenterminated in the rollover thus far, total open interest has plummetedby 20,232 contracts, meaning that many of the contracts are not beingrolled over, and are being cashed out instead. If this 30% ratiopersists, we could see gold open interest fall to under 250,000, amulti-year low, an astonishing drop of 58% from the peak of 593,953contracts set on January 15, 2008.
This is an absolute disgrace for the CRIMEX owners andregulators, and we wish them well in the ensuing bankruptcies andcriminal investigations that will occur after the exchange collapses.No one wants to play in a game where the owners and sponsors are incahoots with certain privileged players to make sure they come out ontop. In addition, we note that no commodities market can survivewithout speculators who provide balance to the markets by taking theother side of contracts and by keeping the pendulum of market momentumalternating between bulls and bears. Otherwise the markets lean toofar to one side or the other, and then bubble and/or collapse due tothe lopsided positions. Once the precious metals markets of theexchange collapse, all the other markets will soon follow, as everyonerealizes that the whole system is rigged against them. The CRIMEX willsoon be ostracized from participation by honest market players. Thecriminal manipulators will soon find themselves traipsing in and out ofcourt in endless investigations, and they will be forced to sit intheir bedrooms, lonesome, because their is no one left who wants toplay with them.
In a stunning new development, the Dubai Multi-CommoditiesCenter is now putting the finishing touches on the formation of anexchange traded fund for silver with a launch likely next month asdemand for silver has surged in the past six months. What may behappening here is that the OPEC nations, and possibly also Russia, aresetting up a counterbalance against the collapse of oil prices. Youmay recall from past issues that we discussed at length how we thoughtthat sovereign wealth funds in oil-rich nations were tweaking gold andsilver upward every time oil was smashed by the Illuministmanipulators. The message was, you leave oil alone, or we will sendgold and silver to the moon and expose your destruction of the USeconomy by killing the canaries in the coal mines, thus ringing thegold and silver alarm bells loud and clear. This makes theIlluminists rabid, and induces collective myocardial infarctions amongthem, because precious metal suppression, especially of gold, is JOBONE at the Fed. The failure to cap the price of gold was PaulVolcker's only regret as Fed Head during his handling of theinflationary crisis of the late 70's and early 80's, and the privatelyowned, Illuminist Fed does not intend to make the same mistake twice.
The Illuminati have made two major mistakes, and the Dubaiexchange may be the OPEC solution to the oil takedown, which is thedirect result of those mistakes. The first mistake is that theIlluminati gave OPEC a taste of 147 oil, and then pounded it down to55. This will not be tolerated, especially after these nations got achance to experience the huge profits generated by such lofty oilprices. The second mistake is the trashing of silver prices in theface of growing shortages at a time when the above-ground silver stocksare at an all-time low and headed even lower. The shortages are beingcaused by manipulated silver prices that are below the cost ofproduction, thus causing a collapse in production, and the manipulationof base metals prices into the subbasement is adding to the loss ofproduction because 70% of silver is produced as a by-product of basemetal processing. Due to these criminal price manipulations, the goldto silver ratio is now 77 to 1, when historically is should be around15 or 20 to 1. This huge price imbalance, growing shortage andall-time low levels of above-ground stocks has set up the greatestopportunity to corner a commodity market in the history of the world.
The Hunt Brothers would be drooling right now. When theywere trying to the corner the market, it was much, much larger by manybillions of ounces, and prices were being driven much, much higher,topping $40 per ounce, because there was far less manipulation of thosemarkets than there is today (yes, believe it or not, we once hadsomething bordering on free markets). The Dubai silver ETF may pick upwhere the Hunt Brothers left off. Since there are only about a billionounces of above-ground silver stocks left, and because silver istrading at a ridiculous sub-10, ten billion could clean out the entireabove-ground silver stock. This is chump change for these wealthy oilsheiks and their sovereign wealth funds. So get ready to rumble as theevil Illuminist scum and the price-gouging sheiks of OPEC prepare to"get it on" in an oil-silver showdown, complete with some veryspectacular fireworks to come. Both oil and silver are headed muchhigher, and gold will tag along for the ride as silver vaults to newheights.
In the end we expect some sort of compromise, as $150 oilwould take down the entire world economy, which is now teetering on thebrink. We should soon see $80 to $100 oil and $15 to $20 silver.Silver may go much higher than that depending on how stubborn theIlluminists become about the price of oil. This is starting to getvery interesting, so stay tuned, as one of the greatest financialbattles of all time gets under way.
Instead of foolishly pumping money into insolvent, zombiebanks, the sheiks may well have decided to go after the silver market.Imagine what will happen as those who require silver to make theirproducts see the COMEX gold and silver being funneled to Dubai's ETF.All we can say is, if you were waiting for some precious metalsfireworks, get ready, because it's coming. It is now time to load upon precious metals, especially silver. Oil will do well also. As someform of confirmation, we also note the growing open interest in theFebruary gold options and futures contracts. Let the Battle of theTitans begin.
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