Zlato – Čína, Indie a JP Morgan
CHINESE FUNDS POSITION FOR HUGE GOLD PURCHASES. THEIR FAITH IN THE USDOLLAR AND ITS VEHICLE THE USTBOND IS FAST VANISHING, IF NOT GONE ALREADY. THE CHINESE FUND MANAGERS SEEK ADDITIONAL WAYS TO INVEST MUCH LARGER SUMS IN GOLD BULLION. THE MIDDLE KINGDOM IS EXPANDING LIKE A MUSHROOM, WEALTH ACCUMULATED, GOLD PRODUCED, POPULAR SAVINGS, AND A GROWING SET OF INVESTMENT ALTERNATIVES. THE APPROVED INVESTMENT FUNDS ARE LINED UP AND GROWING. VAST SUMS OF MONEY ARE BEING INJECTED INTO THE FUNDS, DIRECTED TO PRECIOUS METALS.
The Chinese Govt has for years limited external investment opportunities by strict rules on approved foreign vehicles. Citizens have been permitted to invest in gold coins and other gold related items freely. They have limited alternatives, but changes slowly come to expand them. The official SAFE sovereign wealth fund, and other smaller funds, are designed to sterilize incoming FOREX reserves. The Beijing bankers must constantly eliminate the risk of new external funds bidding up the Yuan currency exchange rate. So they keep a mammoth supply of foreign securities, now totaling $3.197 trillion. They maintain the sterilized reserves carefully apart, and devote a minor amount of funds to gold bullion set in reserves. The latest announcement expands their planned gold purchases from tangents to the official channel within the general population. The strategy to break the global Anglo financial grip expands.
China‚s asset managers have been approved to raise $70 billion for gold purchases.
INDIAN GOLD DEMAND HAS GROWN TREMENDOUSLY. BUYING PATTERNS ARE CHANGING. NO LONGER ARE INDIAN CITIZENS ONLY BUYING AT FESTIVALS AND WEDDINGS. THEY ARE HEDGING AGAINST INFLATION AND PROTECTING THEIR FAMILY WEALTH.
The growing Indian economy, its middle class, and its wealth have bolstered gold demand. One driver during an unseasonal rise in the gold price has gone largely unnoticed, namely an unexpected surge of buying from India. The nation battles high price inflation, and sees gold as a means of wealth preservation, just like in China and throughout Asia. According to the most recent data from the World Gold Council, India and China accounted for 58% of global physical gold demand in 1Q2011. The scale of the Indian buying has been surprising because its gold market is usually quiet in June. The country has traditionally bought gold in seasonal patterns, dictated by festivals such as Akshaya Tritiya in May and Diwali in September, as well as the wedding season, which runs from September to December. Individuals nowadays are buying gold whenever the opportunity arises, whenever good bargains are available. Large bullion dealing banks reported a surge in buying from the country, an unusual factor in recent years. Sales to India from Union Bank of Switzerland were more than double the level of a year earlier. Tom Kendall at Credit Suisse said, „Undoubtedly over time the market is becoming less seasonal. What used to be wedding season now lasts for nine months of the year. There were not enough auspicious days of the year, so they found some more.“ Indians have begun to approach gold more like Western investors, placing a proportion of their wealth into gold and buying opportunistically on dips.
An echo in unison comes from inside India. Atul Shah is head of commodities at the brokering firm Emkay in Mumbai. He confirms the change in popular buying patterns. He said, „Indian consumers are buying gold all year round. Whenever they see the price dip, they immediately buy more as they are confident that valuations are going to go up again.“ Vishal Kapoor is head of wealth management at Standard Chartered in Mumbai. He said, „In recent times we have seen a shift in buying trends. What is different of late is the availability and the acceptance of gold as a financial asset, and not just as something you keep in a locker at home.“
JPMORGAN SIDESTEPPED THE STANDARD APPROVAL PROCESS IN BECOMING A COMEX METAL STORAGE VAULT OPERATOR. THE COMEX HAS UNDER 1/3 OF THE METAL IN INVENTORY CLAIMED. THE S.L.V. FUND CAN COVER AT LEAST 1/3 OF THE METAL IT SHOULD HAVE IN INVENTORY. EXTEND & PRETEND HAS TURNED NUCLEAR IN THE METALS MARKET. JPMORGAN IS STREAMLINING ITS SILVER FRAUD AND GUTTING OF THE SILVER EXCHANGE TRADED FUND IT SERVES AS CUSTODIAN FOR.
Coming to light in the main body of the internet journals, and to some extent the mainstream financial press, is the absurd imbalance between the huge JPMorgan short position in the silver futures market and the direct raids in physical silver at the SLV exchange trade fund managed by JPM. Their short position is several multiples of the amount of reported physical silver listed as available at the COMEX. It is debatable whether such inventory actually exists. Here is the big news, newer news. The Chicago Mercantile Exchange (CME) has approved JPM to operate a COMEX metals storage vault. The giant corrupt bank bypassed the full review process, thus raising the suspicion of many knowledgeable players in the precious metals market. They are well aware that JPM has by far the largest short position in paper silver in the universe, in addition to also having the largest proprietary position in OTC gold and silver derivatives. In no way does JPM have the capability to deliver the underlying physical metal. So they spread their cancerous reach. The crux of the problem is no legally enforced scrutiny. The CME decision of hasty approval confirms that it is unwilling to enforce legal scrutiny. Bear in mind that the White House Chief of Staff is William Daley, of JPM pedigree. The Syndicate rules.
Operating a gold and silver vault will enable JPM to exploit the fact that most metals players who take delivery of their metal typically let it remain at COMEX vaults for safekeeping. Usually this is an efficient practice, one of convenience that saves delivery fees, as long as the owners of the metal hold the vault operators accountable. Other current vault operators, especially HSBC and Scotia, have engaged in fractional bullion banking, holding a portion of deposits, leasing the majority. The new kid JPM is the biggest of all in its short position. The decision by CME is clearly permitting the fox into the hen house of the metals vault storage game. The COMEX is running extremely low on deliverable metal. Next expect secretive JPM raids with regulatory protective cover provided.
The fraud-ridden Exchange Traded Fund SLV is also running low on silver metal. The JPM firm is the vault custodian for SLV. The giant bank has routinely, according to scattered persistent insider reports, been using SLV inventory metal to cover COMEX shorts. The short position of SLV shares testifies to this abuse. The SLV vaults are not empty, just down 30% to 40% from what they should be if investors were actually investing in silver bullion. Maybe they are depleted much more. Truth In Gold goes further. They put forth the hypothesis that ties together criminal activity in the silver market by JPM. Truth In Gold believes the SLV fund is at least 1/3 covered, and the COMEX is less than 1/3 covered. This is the proximal motive for JPM to rush into the vaulting business, where they can conduct silver metal raids. Thus the urgency for quick approval by the COMEX, skirting the standard rules. JPMorgan is preparing to streamline an effective efficient fraud that will eventually gut the SLV exchange traded fund completely. In a year or two, it will be shown to have zero silver metal, having betrayed the stupid lazy investors who preferred the easy route of a click in the stock account, rather than the process of opening for instance a GoldMoney account that would be a legitimate metal account offering solid protection.
Jaká bude cesta k defaultu USA
A CONSENSUS HAS CRYSTALLIZED WITHIN THE WESTERN WORLD THAT GREECE WOULD INEVITABLY DEFAULT ON ITS DEBT. THE NATION CANNOT HONOR DEBT IN ANY PAYMENT SCHEDULE. DEBTS GROW AND REVENUES SHRINK. THE SAME IS TRUE OF THE UNITED STATES. THE ONLY CERTAINTY IS THE USGOVT DEBT DEFAULT. HOW IT HAPPENS IS ANYBODY’S GUESS. IT COULD BE SOME ROGUE EVENT. IT COULD BE THE BURDEN OF THE BROKEN PIECES WEIGHING ON THE SYSTEM. IT COULD BE A SYMPHONY OF DISPUTING VOICES, AS THE GRAND PERCEPTION CALLS THE AMERICAN LEADERS OF ALL TYPES GRAND LIARS AND EVEN CRIMINALS REGARDING THE FINANCIAL ACCOUNTING AND HIDDEN SLUSH FUND ACTIVITY.
The list of borken pieces weighing the USEconomic and financial system is as long as it is diverse. The following list addresses a systemic failure in progress. The propaganda and secretive movement of illicit funds using countless devices to cover up the gaping wounds, this propaganda gradually is being comprehended by the multitudes. Some call it the ‚Gong Show‘ effect of being pulled off stage, having lost the attention or patience or credibility of the crowd. A USGovt debt default is inevitable. The nation is not immune from arithmetic and powerful forces pulling it apart. A forced debt writedown and partial forgiveness will be in the works before too many more months, my forecast. The forced event will have some overtures, but might hit a climax with actual global negotiations at a conference table in a year or so. The US political, banking, and military leaders will explain that it is in creditors best interests to comply. The result will be abandonment and a formalized revolt by those creditors, resulting in the isolation of the United States in the aftermath. The road in isolation leads deeper into the Third World. The possible factors contributing toward systemic failure and debt default are:
Something will occur as a flash point event that will trigger the tipping point. Some guess Iran, others Japan, but my suspected trigger is Italy or Spain coupled at the same time with Greece and Portugal. The command factors could be well marshalled if a natural disaster strikes, since it would touch all domains in the economic, financial, social, and political sphere. The United States will continue to transform into a Financial Iron Curtain, with very difficult conversion of money and great obstacles to transferring funds outside the country. The European sovereign debt crisis has begun to hit the US, the contagion clear to many, but some are blind. Wealth and financial security are in line as targets for some degree of destruction. The chance of a misjudgment or wrong assessment of impact, namely some bad decisions by politicians and bankers, could result in a sudden collapse much like the Lehman Brothers incident in September 2008. External events are also a possible vulnerability. Some events with the Saudis or Libya or Syria could trigger events going out of control in a faceoff with Russia & China. A big bank failure in Italy or Spain could trigger a sequence of nasty financial dominoes that reach London and the United States. A grand Ponzi Scheme is unraveling, whose center is the sovereign debt in general, but whose epicenter is the USDollar and its portable vehicle in the USTreasury Bond.
Názor na výměnu v čele MMF
THE DEVELOPMENTS AT THE INTL MONETARY FUND FORETELL OF GREAT CHANGES FOR THE UNITED STATES AND ANGLO BANKERS. GERMANY BACKS THE NEWLY APPOINTED HEAD LAGARDE. BEHINDTHE SCENES, NOTICE ATTACKS, REAR GUARD MOVEMENT, AND A RING FENCE AROUND THE AMERICAN BANKSTERS. IT IS NOT VISIBLE FROM ANY LIGHT SHINED BY THE US-PRESS. RECALL THAT EUROPE HAS DEVELOPED CLOSER TIES TO CHINA, WHILE ALIENATION AGAINST ANGLO BANKERS HAS BUILT UP. $$$
One must almost laugh. On a Wednesday, French finance minister Christine Lagarde was named IMF head. The very next day, Dominique Strauss-Kahn (DSK) was let go from house arrest, then told the evidence seemed inadequate to prosecute against him. Details on the case are not within the scope of this report. The objective apparently was to remove and replace DSK from his post at the IMFund. He had been advocating replacement of the USDollar in trade settlement, using the SDR instead. He had called for usage of a new SDR-backed bond to replace the USTBond in global banking. He had urged bond holders to take losses in sovereign debt bailout deals. The task to replace him instead was executed flawlessly. Again, push aside the details of the case, probably a rape, given his past pattern of similar actions in hotels across the world. So DSK is done. Let’s see if Lagarde promotes broader currency basket usage that compromises the Special Drawing Rights concept. Let’s see if Lagarde obstructs US & UK initiatives. A couple sources pitched in from Europe to offer some hidden angles. They will not be quoted, too volatile, salty, and dangerous the information. For a certain strain of card carrying prominent bankers, they are given notice. They are not safe any longer and are marked for takedown. Lagarde is a European first and French second, a lethal combination and a challenge for the US to deal with. She has no tolerance for criminal bankers, and acts decisively. She commands the respect of many as a professional, even those from the gold camp of sound money. She defines well the rules of engagement. She is described as an antidote to many leading American figures. Her appointment was a brilliant choice, thus filling a void created by US banker ploy and subterfuge. Word has it she has the 100% backing from Berlin, not only because she speaks fluent German. One contact believes the IMF sequence of events has resulted in the United States being ring fenced. Few know that Treasury Secy Geithner speaks fluent Chinese. He is considering a resignation, most likely due to Chinese creditors telling to pack up and leave. It is early, but it seems the events to depose DSK might have resulted in even more solid opposition to the Anglo banker syndicate.
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Tyjo koukam cim dal tim horsi zpravy, dal jsem si do tvitru miru pitaku 🙂 a ten to tam taky sazi jednu horsi zpravu nez druhou, takze to vypada ze trhy pojedou nahoru az se treba zjisti ze v recku se urodilo p 5% vic oliv a tim se jejich ekonomika zachrani a tim cela eju a tim padem celej svet a politici se budou moci objimat pred televiznima kamerama.
Kupuju VIXY bude sranda.
To Vodo: Jestli jsi si nevšim, tak já nikde nic netvrdím o zhroucení akciových trhů. Naopak od podzimu 2009 tvrdím, že se hlavní indexy jako DJIA a DAX podívají opětovně ke svému High. Jedna věc je katastrofická situace vládních financí jednotlicých států, jiná věc je vývoj akciových trhů. DJIA je cca 10% pod vrcholem, DAX při předchozím High byl jen 5-6% pod svými maximy z roku 2007.
Miroslav: Ja vim, ja neprudim, jen konstatuju deni 🙂
Nicméně situaci v „poslední“ době považuji za velmi vážnou, a proto se od léta 2010 anagažuji pouze v drahých kovech. Vzhledem k tomu, že jsem obchodoval opční spready na hlavní evropský index EuroStoxx 50 se to jako chyba neukázalo. Aktuální rizika vnímám jako velmi vysoká, i když se domnívám, že EU ještě nedošla veškerá munice. Takže než dojde ke konečnému zúčtování, může to klidně trvat i 1 – 1,5 roku.
na VIX koukám taky
Ja jsem taky v kovech. Tim prispevkem jsem myslel neco ve smyslu „je moc, az prilis spatnejch zprav, je potreba vydat nejakou „zasadni“, ktera vykopne trhy nahoru“
tak ja se to posledni dobou stava:-) A vidis co jsi zpusobil DAX pada dolu od ty doby co jsi dneska zacal tvitovat