Jim Willie

[MetalMeister]

Just chillin' 

To be sure, almost without debate, all the financial world has turned to crisis mode. One can safely describe the norm to be crisis proliferation. This theme will clearly continue for the full year in progress. The signs are everywhere. The evidence is compelling. The criticism of remedy is replete with denials. The USGovt officials grow more desperate with each passing week. The Dubai and Greek debt woes seemed to have opened Pandora's Box.

The name of the game is to create gigantic cash flows that the syndicate grabs from to its strategic position, as fraud continues with no semblance of prosecution. They control the USDept Treasury and the USCongress and the US Financial regulators. True movement toward remedy would liquidate Wall Street and much of the syndicate edifices that serve as fronts for the USGovt control tower.

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http://www.financialsense.com/fsu/editorials/willie/2010/0310.html

First American reported that 11.3 million homeowners were underwater as of the end of 2009, an amount equal to 24% of all homes with mortgages. In a parallel to the sclerotic US banks, the largest of which uniformly cannot lend since they are insolvent, too many US households cannot spend and invest since they are also insolvent.

[MetalMeister]

I think Punter's strategy is okay for now and we may hear to 12,000 but take profits on the way up because the double dip is going to come with very little if no warning.

One thing, if you are buying and holding a lot of shares in mining companies and not in an IRA or 401k, you might want to consider getting the actually certificates for those shares and make sure than naked shorts to not steal the day out from under you.

http://www.contraryinvestorscafe.com/jim-willie-radio/

[MetalMeister]

 

http://news.goldseek.com/GoldenJackass/1287604800.php

The Chinese are clever people. Their leaders play a good game of chess in the global scramble for commodity supply and financial dominance. Their patient strategy has tied the arms & legs of the USGovt, using their own debt securities as the binding rope. The accumulate almost reached a staggering $1000 billion, the ugly fruit of the Low-Cost Solution to invest in China from a decade ago. While much attention has come to saber rattling over currency manipulation and tiny 25 basis point interest rate hikes, even battles over rare earth metals, something has been happening in Europe of importance that involve a Chinese back door to dump USTreasurys.

My forecast was for no Exit from 0%, but rather an embrace of QE2, the exact opposite. We have it. Only the details remain on the QE2 initiative, including lapel pins to match the cufflinks for Bernanke. But the lapel pins are pure gold and silver, in complementary style. Bernanke looks scared, haggard, and a little desperate, like a captain on a ship listing to port and taking on significant water in the lower chambers. At least the water is at zero cost.

[MetalMeister]

Good article from Jim Willie, earlier this month.

Talks about the in-elasticity of gold and silver, in particular.  Supply, demand, price considerations that most people do not consider.

Very good read.

http://financialsense.com/contributors/jim-willie/the-silver-alpha

Make you want to buy more.  Much more.

[MetalMeister]

Talks about the SLV and seeing to many transaction in and out of it and suggest the SLV could be covering for the COMEX???

The 2% difference in the SLV and the spot price.  Monetizing silver in Asia.  Echoes Eric Sprott and James Turk.

 

Talks about general rise in commodities but silver is ballistic.  Mentions Teddy Roosevelt and the stockpile of 6 billion silver ounces which is all GONE.

 

Enjoy!

http://www.contraryinvestorscafe.com/wp-content/uploads/2011/03/sc_03012011willie.mp3

[MetalMeister]

Any thoughts on the mechanics of this paragraph from Willie?

Could this have really brought the POG down to the 1600 level?

If this is a multi-billion $ order then least is 2 billion $ / 1600 POG = 1,250,000 ounces of gold.

Harvey Organ is showing 2,200,500 ounces of gold notices filed for delivery!  So far, with one more week left.  That is $3.521 BILLION.

According to this article, the COMEX only has $2.7 BILLION worth of gold in inventory:  http://truthingold.blogspot.com/2011/12/comex-exposed.html

The latest COT shows huge decline in commercial shorts and big decline in large spec longs:  http://news.goldseek.com/COT/1324672359.php

Willie says those orders have been filling for two weeks as of the writing of his article.  Chart below.

What I am not sure of is how and exactly when these deliveries would play out.  Is it too late for December delivery?

Could this be the end of the COMEX as we know it? 

SW, have you been following this?

http://news.goldseek.com/GoldenJackass/1324501200.php

A story was recounted in recent days from my best source of solid reliable gold information. The aware gold community has overlooked a phenomenon that might be more profound in action here and now. A major squeeze is on that capitalizes on the artificially low COMEX price and the higher honest physical price. The Barnhardt effect can be seen, or at least recounted. A gold trader informed that some multi-$billion purchase Gold orders have been in the process of filling at or near the $1600 price per ounce. The price must remain near $1600 to complete the orders and permit them to clear. Call it Agent2000 who seeks the massive amount of Gold, one of the Good Guyz. The name fits since their goal is to force the Gold price back over $2000/oz after the sale transaction clears. Since so large, the orders take time to fill completely. The low-ball buy orders have been filling for over two weeks. At the same time, the Agent2000 buyer has enlisted the aid of numerous assistants to push down the paper Gold price by putting extreme pressure on some bad players, some nasty types from the usual list of suspects in the Western banking sector. These bankers are being squeezed out of their gold, as they contend with deep insolvency, reserves requirements, falling sovereign bond values, depositors exiting, and more. They are players in what has been widely called the Gold Cartel. The Jackass term has been applied in a wider sense, as they have been part of the Syndicate that reaches into the Wall Street banks, the defense contractors, news media, and big pharma.

[sidewinder]

No I honestly haven't MM.  Will look into it when I have more time.