Gold and Silver continue to surge during Asian trading. Tom Cloud provides a precious metals update (recorded on Tuesday, 04/19/16), about what is taking place in the overall market. He discusses the new Chinese Gold Yuan fix and how it will impact the U.S. Dollar going forward.
He also explains how the price of gold has risen in relation to the falling U.S. Dollar index in the past and what it means in the future.
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EXCHANGE WAREHOUSE UPDATE: Silver Continues to Move Out of the Comex & Into the Shanghai Futures Exchange
As I wrote about in my last article,SRSrocco Report Why Are The Chinese Stockpiling Silver? Big Price Move Coming?, silver continues to move into the Shanghai Futures Exchange while silver stocks at the Comex continue to decline. Well, this trend continued today.
The Comex experienced a 1.3 million oz (Moz) net withdrawal of silver from its Eligible category along with a transfer of 500,207 oz of silver from its Registered to the Eligible category. Total Comex silver inventories now stand at 151.8 Moz:
However, the opposite took place on the Shanghai Futures Exchange. Today, another 25.4 metric tons was added to the Shanghai Futures Exchange warehouse stocks for a total of 1,728 metric tons. So, as the Comex warehouse stocks fell 1.3 Moz today, the Shanghai Futures Exchange added nearly 817,000 oz:
NOTE: The chart shows the amount in kilograms. Thus, 1,728, 419 kilograms equals 1,728.4 metric tons.
Again, I find it very interesting that the U.S. Comex silver inventories continue to decline while the Chinese Shanghai Futures Exchange warehouse silver stocks continue to increase.
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Holy fuck !!! BANK$T€R$ created silver and gold paper and manipulated the price, for one physical gold oz 500 “gold paper” for one physical silver oz, 750 “silver paper” !!! WTF !!!
GOD BLESS THE SHANGAI GOLD EXCHANGE AND CURSE THE CRIMEX AND LBMA, AMEN.
Yup… something in the air to be sure… and no worries on the language when the reference is criminal bankers. Of course, if anything should be run by 100% elected professionals it is the issue of money (debt notes) and the bank/payment system (the reason “government” is a dirty word for the lawmakers who serve Mr Global).
The COT structure just gets uglier though, and there will be blood… next week and/or the following week.
Today action in gold and silver just showed to the world who is the boss and who are the clowns :
http://www.zerohedge.com/news/2016-04-21/precious-metals-puke
Will the chinese strike back or will they sh…ing below them one more time ?
I would bet on the second one !
What’s notable is how ineffective it was, as evidenced by how quickly prices rebounded. Gold and silver right now posting gains for the day.
As time goes by the manipulations become more impotent, the financial power shifts to Asia, and the Western banking cartel becomes a shell game.
Do not forget that it is most probably the first bullet the comex cartel has launched. There is quite often one friday or friday evening before the week end. And more importantly there is a fed meeting next wednesday so considering the commercials huge short position, you can expect with a very high probability a huge slam such as 5 or even 10 billions USD sold in a few minutes span or even more as their paper ammo is without limits.
Who could on earth counter a potential paper deluge ? Unfortunately I can see nobody…
Regarding the financial power shifts, it is a very progressive it will take many more years if not decades except if they would choose to speed up the process. But china is acting slowlier that any sick dozing snail… They have not even agree on how to act regarding an issue, that the conditions which led to this issue are already obsolete.
However I agree if the wish they could turn the tables but it would lead to direct western banking cartel opposition…
Last thing, rumour is the fed refused the offer made by the east… who knows !
“Who could on earth counter a potential paper deluge ? Unfortunately I can see nobody…”
The counter is massive physical buying.
This and their future attacks are acts of desperation. They may slow the train, but they won’t stop it. Eventually it will be unstoppable
Physical buying is done by the east so I consider this put a floor on metals prices.
The ceiling is made by paper nearly exclusively set by the west (comex).
Thats not act of desperation as it was done on all the final phase ie reign of finance (because a WWIII was required in the seventies but could not happen as japan and europe have been completely lackeys/slaves/minions of USA).
Looks to me like the Mint has set the table to show sales slipping each month this year…assuming they don’t report the doors getting blown off the last week of April.
It is my suspicion that what is actually going on is— trouble sourcing Ag…
U S Mint Silver Eagle Sales
January 5,954,500
February 4,782,000
March 4,106,000
April 3,070,000
Total 17,912,500
“The manipulation efforts using paper derivatives masquerading as gold and silver futures contracts is losing traction.”
http://investmentresearchdynamics.com/guest-post-precious-metals-bull-snorts-resumes-move/
I would have likked to see this traction today, as usual comex is selling big friday afternoon.
This person (as clown is an insult in the US apparently !) is drinking the dom perignon even before the fist bullet of the fight has been launched.
Silbershark 110: I realize this is exciting news ( believe me, I’m not trying to put you down ) but why be juvenile and use such language on a good site.
WHY RESTRAIN FREE SPEECH….? JUVENILE OR NOT…..LET THE IDEAS FLOW…AND OPINIONS…..YOU LEARN THAT WAY……THIS “IS” THE HUMAN CONDITION…..BACK OFF…..AND BUY PHYSICAL GOLD AND SILVER….AND SAVE YOUR BUTT….BUY THE WAY……ALL THE BULLETS ARE GONE……NOW WE SEE NOT THE END…NOT EVEN THE BEGINNING OF THE END….BUT THE END OF THE BEGINNING OF THE FALL……BE PREPARED.