Metro Jacksonville

This might be of interest to some of you.
http://rss001.com/content/why-silver-will-be-better-investment-gold.html

I wish there was a way to verify what this guy is stating

Silver looks better then gold anyway :P

If this is true, it could be the financial story of the century

Quote from: Sportmotor on December 02, 2009, 04:51:58 PM
Silver looks better then gold anyway :P

Agreed.  When I was a kid I always thought that 1st place in the Olympics should get the silver medal because its better looking.

Not buying into the hype.  Worldwide demand for silver is WAY down, since companies like Kodak, Fujifilm, etc. produce only a fraction of film and sensitized paper compared to decades past.  Hell, even x-rays are done digitally these days and not printed on a silver halide emulsion.

I don't have the numbers, but I'll bet demand in 2010 is less than half of what it was in 1990.

I'm bullish on silver.

Gold has a lot of industrial uses, especially in electronics, because of it's non-corroding properties.  Now that photography and radiography no longer use silver, what are the industrial uses for the metal?

With gold having industrial uses and silver having none (?) maybe you shouldn't be bullish on silver.

Quote from: Dog Walker on December 03, 2009, 02:41:01 PM
Gold has a lot of industrial uses, especially in electronics, because of it's non-corroding properties.  Now that photography and radiography no longer use silver, what are the industrial uses for the metal?

With gold having industrial uses and silver having none (?) maybe you shouldn't be bullish on silver.

Isn't silver used in high grade soldering?

Quote from: Dog Walker on December 03, 2009, 02:41:01 PM
Gold has a lot of industrial uses, especially in electronics, because of it's non-corroding properties.  Now that photography and radiography no longer use silver, what are the industrial uses for the metal?

With gold having industrial uses and silver having none (?) maybe you shouldn't be bullish on silver.

*cough* (http://en.wikipedia.org/wiki/Silver#Applications)

QuoteIsn't silver used in high grade soldering?

Yes, the most commonly used are 15 and 45% alloy SS.  The 15% is usually sold in 18", 1/8 diameter flat rods, while the 45% is usually sold in 1 or 3 troy ounce coils, 1/16" diameter.

Here is a few of the uses for silver
•Traditional

◦Coinage
◦Photography
◦Silver Jewelry
◦Silverware and Table Settings

•Industrial

◦Batteries
◦Bearings
◦Brazing and Soldering
◦Catalysts
◦Electronics

•Emerging

◦Medical Applications
◦Mirrors & Coatings
◦Solar Energy
◦Water Purification

 

•Emerging

◦Medical Applications
◦Solar Energy
◦Water Purification

Jackpot

There is also the use of silver in clothing and sock to keep them from stinking.

New use for silver
http://gizmodo.com/5060103/silver+zinc-batteries-coming-in-2009-with-40-better-run-time-than-lithium+ion

 :D  Reaperman, you don't look like you even have any lungs with all those bones showin, so how you coughin'??

Count me in on silver too!  It is more rare than most think.  Silver mining is down and it can be used as both an industrial metal as well as an inflation hedge.  I definitely like silver better than gold and think it will continue to do well into the next several months.

Will silver pop?  Probably not, but I can see it trading in the $22- $25 per once range in the not too distant future.

I was just watching some Bloomberg and it looks like the US dollar may be stabilizing a bit, so silver and gold may trade within a stable range.  Silver and gold may be on stable or short term decline.

I still remain bullish on both metals next year.  Maybe we give a short correction.  I would never try to time it, and maybe I'm dumb, but I plan on increasing my silver investments in the beginning of 2010 (January).

another new use for silver
http://www.reuters.com/article/idUSTRE5B642U20091207?feedType=RSS&feedName=scienceNews&rpc=76

Quote from: sandyshoes on December 03, 2009, 05:41:18 PM
:D  Reaperman, you don't look like you even have any lungs with all those bones showin, so how you coughin'??

oh har har ;p

Well,there might be more use for silver.

(http://i48.tinypic.com/k2h72p.jpg)

Wow!  try looking straight at that thing on a sunny desert day

No silver there.  That's an Audi A8 which has an aluminum body.  It's been polished and clear coated.  Only a oil sheik could have afforded it the labor it took!

Quote from: chipwich on December 16, 2009, 01:11:08 AM
Wow!  try looking straight at that thing on a sunny desert day

Ouch! Bad enough if the car is black or red, in the Mojave it gets hot enough to melt the glues inside the car, bakes the plastic surfaces distorting the surface and drying it to a faded, brittle, egg shell.

But the worst part of a silver car is trying to run it through the Tarnex, smells like rotten eggs.

OCKLAWAHA

Certain types of high power out conduit, solid as well as flat are silver soldered to reduce line losses! Certain flexible transmitting coax is done the same way at this very time! Nothing has been developed to replace it and crimped connecters do not work in a high output transmission line.

I wonder why they dont use water pipes to run electricity thru?
I mean dedicated pipes with water in it.

The car I belive is CROME not Silver.
&
water would destroy the wiring

Bos, fresh water is a very poor conductor of electricity.  Salt water is better, but neither are as good as solid metal of any kind.  Silver is the best conductor (if I remember Physics 101 correctly) and even the silver oxides that form tarnish conduct electricity just fine.

Sport, the car is polished aluminum, not chrome.  Gaudy as hell either way.

IIRC, Gold is the best metallic conductor of electricity.

You are probably right, but I thought that contacts were gold plated just to keep them from oxidizing and arcing.  Either one is too expensive for anything but electronics.  In my audiophile days, before the hearing damage, paid a bloody fortune for some silver wire connectors for pre-amp to amp and CD player to amp.  Now, of course, you use digital optical and a last stage D-A converter.

Quote from: Dog Walker on January 04, 2010, 12:13:19 PM

Sport, the car is polished aluminum, not chrome.  Gaudy as hell either way.

Ew thats even worse
They might as well go dip it in crome


EVERYTHING IS BETTER CROME! lol

Silver is dropping in price.
Soon it will be a time to buy.
May to September is always the best time to buy.
One of the best investments in the world.
2011 is the year for PM's.
If you can sell all of your non-preforming investments, you should move at least 25% of your money into silver.

At least buy some options in silver miners or buy into a silver ETF.

I still believe silver will be a great investment this year.  However with heightened risk aversion due to European debt issues and the Chinese tightening their lending institutions, I think you be better served (by reducing initial risk) by buying some July/ August calls diversified between some silver miners.

I still think silver will run into the lower 20s this year (I hope).

South Carolina might be going to a gold and silver standard


http://www.scstatehouse.gov/sess118_2009-2010/bills/4501.htm

OCK
Do you think Florida has the wavos to follow suit

Proclamation on the Federal Reserve System of the United States of America
www.RevokeTheFed.com
March 2008

WHEREAS, Article I, Section 8 of the Constitution of the United States of America authorizes Congress "To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures";

WHEREAS, on December 23rd, 1913 the US Congress enacted the Federal Reserve System;

WHEREAS, the Federal Reserve System is considered an independent agency within the federal government, with oversight of Congress and containing appointed public officials on its board of directors;

WHEREAS, the Federal Reserve System Controls the Federal Reserve Note, the official currency of the great nation of the United States of America;

WHEREAS, there may be controversies regarding the legality and constitutionality of the Federal Reserve System, it is recognized that the said system has operated continuously as the central banking system of the United States since the inception of the Federal Reserve Act of 1913;

WHEREAS, the Constitution of the United States of America granted Congress the authority to create the current Federal Reserve System, it also does grant Congress the authority to modify or revoke the Federal Reserve System;

WHEREAS, the actions of the Fedreral Reserve System represent the credit and currency of the United Stated of America to the citizens of this great nation and to the world;

WHEREAS, the Federal Reserve System, acting independently within the federal government allowed, supported, and even promoted parasitical and non-productive uses of the money and credit of the United States of America;

WHEREAS, the United States and likely the entire world's financial system is undergoing massive de-leveraging of the said parasitical and non-productive uses of the credit and money of the United States of America (as well as other nations' currencies);

WHEREAS, the US dollar, the "Federal Reserve Note" is declining in value due to these parasitical activites, as well as potentially other causes;

WHEREAS, it is recognized that the citizens of the United States and other nations did willingly participate at some level in the creation and propogation of said parasitical activities;

WHEREAS, it is also recognized that the United States of America, a sovereign nation, has the legal, moral, and God given authority to take actions to benefit its citizens and to protect its good name, credit and money in times of difficulty;

WHEREAS, it is recognized that the current time is such a time of great difficulty;

WHEREAS, it is recognized the parasitical financial institutions and their activities are at odds with citizens of the United States of America and the good credit and money thereof;

WHEREAS, the current indications are that the Federal Reserve System is acting to preserve the financial system currently flooded with the parasitical activities;

WHEREAS, the current indications are that the neither the Federal Reserve System, nor the Congress of the United States, nor the people of the United States have access to the books of the institutions being preserved by the Federal Reserve, and therefor the degree of inter-connectivity and risk associated with the institutions and other entities cannot be determined;

WHEREAS, the Federal Reserve System is accepting non-performing assets as collateral for credit with ultimate taxpayer responibility to entities not under its legislative mandate;

IT MUST BE CONCLUDED, that the Federal Reserve System is not acting to the benefit of the people of the United States of America, its credit, money, and good name;

WHEREAS, it is recognized that the political will and capability of the government of the United States of America may not be up to the task of prosecuting this proclamation ; It is also recognized that this may be the only hope for the continued survival of the United States of America as the great nation as it has historically existed.

NOW THEREFORE, it is PROCLAIMED by those supporting this Proclamation that the Congress of the United States of America FULLY NATIONALIZE the Federal Reserve System, and take full control of the credit and money of our great nation; The Congress must take whatever action necessary to seperate out, sequester, disown, or otherwise neutralize the effect of the parasitical financial activities which led to the current crisis; The Congress of the United States of America must reorganize, replace, or terminate the Federal Reserve System as appropriate; or otherwise devise a system for creation of the national currency.

IT IS FURTHER PROCLAIMED, that the Congress of the United States of America in cooperation with the Executive of the United States of America contact allied nations and any other nation willing to participate in the overhaul of the failing and parastical financial sytem currently in operation and create new treaties and alliances as necessary to create a sane and productive system of finance with the express goal of supporting a productive national, and by extension and through voluntary cooperation, world economy;

FURTHERMORE, it is PROCLAIMED that it should be the goal of such an international effort to maintain fair international trading practices allowing for protection in national interest of labor, resources, and productive capabilities;

WHEREAS, it is recognized that such a move on the part of the United States of America may result in the necessity of an isolationist policy IF the other developed nations do not follow our lead; If such occurs, so be it.

Quote from: samiam on February 09, 2010, 12:27:44 AM
OCK
Do you think Florida has the wavos to follow suit

Well last time South Carolina put it's foot down we were number #3 to join them.  The fact that we tend to still vote conservative means if this spreads we will jump on. Back in the 80's we were one of the states to vote on secession in order to create a true government overhaul.


OCKLAWAHA

With a bit of trepidation (fear of the unknown) I do support this initiative. Revoking the Fed is not enough, though. What currency system/authority follows?

BTW: juevos

We'll need 'em to revoke the fed.

This could be interesting



March 25th COMEX Default?

--------------------------------------------------------------------------------
Jason Hommel and Ron Paul will be there too. Hopefully this will be the straw that breaks the camels back.


CFTC invites GATA to speak at March 25 hearing on metals trading
Submitted by cpowell on Sun, 2010-03-14 16:59. Section: Daily Dispatches
1p ET Sunday, March 14, 2010

Dear Friend of GATA and Gold (and Silver):

GATA Chairman Bill Murphy was formally invited Friday by the U.S. Commodity Futures Trading Commission to speak at its meeting in Washington on Thursday, March 25, to examine futures and options trading in the precious and base metals markets.

The CFTC's announcement of the hearing can be found here:

http://www.cftc.gov/newsroom/general...pr5782-10.html

GATA's appeal to the CFTC on position limits in the precious metals futures markets can be found here:

http://www.gata.org/node/8405

The CFTC's invitation results from GATA's long prodding of the commission to investigate the anomalies of the precious metals markets, particularly the concentrated short positions held by JPMorgan Chase & Co. and HSBC, and from the prodding done by dozens of GATA supporters who have heeded GATA's requests to contact the commission. The CFTC's hearing likely will be the first time the gold and silver price suppression schemes have been raised at a formal and open U.S. government proceeding.

The CFTC says its hearing will be open to the public and broadcast via the Internet and a listen-only conference call.

GATA has put great effort and expense into reaching the CFTC on this issue and into suing the Federal Reserve in federal court for information the Fed acknowledges concealing about its gold swap agreements with foreign banks, agreements that likely are at the heart of the gold price suppression scheme.

Information about GATA's lawsuit can be found here:

http://www.gata.org/node/8192

We're making good progress, actually doing things to liberate the gold and silver markets, even as the gold mining industry's nominal representative, the World Gold Council, remains silent about anything that really matters to the precious metals despite its annual budget of around $60 million. So again we ask for your financial support. Sending a small delegation to the CFTC hearing will cost money, as will getting the attention of the news media there. Prosecuting the lawsuit against the Fed will cost money. And quite apart from that, much effort and expense go into keeping the precious metals price suppression issue alive every day.

We'll strive to see that you're glad you helped.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

I sell silver findings online and it is my top seller every week, out of hundreds of other categories. Even moreso than gold, copper or base metal.

Whistleblower Exposes JP Morgan's Silver Manipulation Scheme

Earlier today the CFTC held a sham hearing in which, among other things, the organization discussed position limits in PM speculation, because, you know, it's the mom and pop speculators that destroy the precious metal market (not JP Morgan or the New York Fed mind you). The hearing could not have come at a more opportune time. GATA has just broken a major story, in which a London metals trader-slash-whistleblower exposes JP Morgan's silver price suppression/manipulation scheme. At this point none of this should be at all shocking, and the only thing that matters is when CFTC's ex-Goldmanite Gary Gensler will be fired for allowing hundreds of billions of dollars to be sucked out of the PM market on behalf of such major market manipulating entities as JP Morgan and the New York Federal Reserve, for whom it transacts. Don't worry - the answer to that rhetorical question is "never", as it is the administration's goal to make all the millionaires among the bulge bracket firms billionaires, via legalized theft from honest investors. Furthermore, if indeed the CFTC is complicit in these manipulative events, as GATA suggest, we hope our objective mainstream media readers enjoin GATA in seeking justice for this criminal breach of proper regulatory enforcement.

From GATA:

Additional Statement by Bill Murphy, Chairman
Gold Anti-Trust Action Committee

to the U.S. Commodity Futures Trading Commission
Washington, D.C., March 25, 2010

On March 23, 2010, GATA Director Adrian Douglas was contacted by a whistleblower by the name of Andrew Maguire. Maguire is a metals trader in London. He has been told first-hand by traders working for JPMorganChase that JPMorganChase manipulates the precious metals markets, and they have bragged to how they make money doing so.

In November 2009 Maguire contacted the CFTC enforcement division to report this criminal activity. He described in detail the way JPMorgan Chase signals to the market its intention to take down the precious metals. Traders recognize these signals and make money shorting the metals alongside JPM. Maguire explained how there are routine market manipulations at the time of option expiry, non-farm payroll data releases, and COMEX contract rollover, as well as ad-hoc events.

On February 3 Maguire gave two days' warning by e-mail to Eliud Ramirez, a senior investigator for the CFTC's Enforcement Division, that the precious metals would be attacked upon the release of the non-farm payroll data on February 5. On February 5, as market events played out exactly as predicted, further e-mails were sent to Ramirez while the manipulation was in progress.

It would not be possible to predict such a market move unless the market was manipulated.

In an e-mail on February 5 Maguire wrote: "It is common knowledge here in London among the metals traders that it is JPM's intent to flush out and cover as many shorts as possible prior to any discussion in March about position limits. I feel sorry for all those not in this loop. A serious amount of money was made and lost today and in my opinion as a result of the CFTC's allowing by your own definition an illegal concentrated and manipulative position to continue."

Expiry of the COMEX April call options is tomorrow, March 26. There was large open interest in strikes from $1,100 to $1,150 in gold. As always happens month after month, HSBC and JPM sell short in large quantities to overwhelm all bids and make unsuspecting option holders lose their money. As predicted by GATA, the manipulation started on March 19, when gold was trading at $1,126. Last night it traded at $1,085.

This is how much the gold cartel fears the CFTC's enforcement division. They thumb their noses at you because in more than a decade of complaints and 18 months of a silver market manipulation investigation nothing has been done to stop them. And this is why JPM's cocky and arrogant traders in London are able to brag that they manipulate the market.

This is an outrage and we are making available to the press the e-mails from Maguire wherein he warns of a manipulative event.

Additionally Maguire informed us that he has tape recordings of his telephone communications with the CFTC, which we are taking the appropriate legal steps to acquire.

* * *

From: Andrew Maguire
Sent: Tuesday, January 26, 2010 12:51 PM
To: Ramirez, Eliud [CFTC]
Cc: Chilton, Bart [CFTC]
Subject: Silver today

Dear Mr. Ramirez:

I thought you might be interested in looking into the silver trading today. It was a good example of how a single seller, when they hold such a concentrated position in the very small silver market, can instigate a selloff at will.

These events trade to a regular pattern and we see orchestrated selling occur 100% of the time at options expiry, contract rollover, non-farm payrolls (no matter if the news is bullish or bearish), and in a lesser way at the daily silver fix. I have attached a small presentation to illustrate some of these events. I have included gold, as the same traders to a lesser extent hold a controlling position there too.

Please ignore the last few slides as they were part of a training session I was holding for new traders.

I brought to your attention during our meeting how we traders look for the "signals" they (JPMorgan) send just prior to a big move. I saw the first signals early in Asia in thin volume. As traders we profited from this information but that is not the point as I do not like to operate in a rigged market and what is in reality a crime in progress.

As an example, if you look at the trades just before the pit open today you will see around 1,500 contracts sell all at once where the bids were tiny by comparison in the fives and tens. This has the immediate effect of gaining $2,500 per contract on the short positions against the long holders, who lost that in moments and likely were stopped out. Perhaps look for yourselves into who was behind the trades at that time and note that within that 10-minute period 2,800 contracts hit all the bids to overcome them. This is hardly how a normal trader gets the best price when selling a commodity. Note silver instigated a rapid move lower in both precious metals.

This kind of trading can occur only when a market is being controlled by a single trading entity.

I have a lot of captured data illustrating just about every price takedown since JPMorgan took over the Bear Stearns short silver position.

I am sure you are in a better position to look into the exact details.

It is my wish just to bring more information to your attention to assist you in putting a stop to this criminal activity.

Kind regards,
Andrew Maguire

* * *

From: Ramirez, Eliud [CFTC]
To: Andrew Maguire
Sent: Wednesday, January 27, 2010 4:04 PM
Subject: RE: Silver today

Mr. Maguire,

Thank you for this communication, and for taking the time to furnish the slides.

* * *

From: Andrew Maguire
To: Ramirez, Eliud [CFTC]
Cc: BChilton [CFTC]
Sent: Wednesday, February 03, 2010 3:18 PM
Subject: Re: Silver today

Dear Mr. Ramirez,

Thanks for your response.

Thought it may be helpful to your investigation if I gave you the heads up for a manipulative event signaled for Friday, 5th Feb. The non-farm payrolls number will be announced at 8.30 ET. There will be one of two scenarios occurring, and both will result in silver (and gold) being taken down with a wave of short selling designed to take out obvious support levels and trip stops below. While I will no doubt be able to profit from this upcoming trade, it is an example of just how easy it is to manipulate a market if a concentrated position is allowed by a very small group of traders.

I sent you a slide of a couple of past examples of just how this will play out.

Scenario 1. The news is bad (employment is worse). This will have a bullish effect on gold and silver as the U.S. dollar weakens and the precious metals draw bids, spiking them higher. This will be sold into within a very short time (1-5 mins) with thousands of new short contracts being added, overcoming any new bids and spiking the precious metals down hard, targeting key technical support levels.

Scenario 2. The news is good (employment is better than expected). This will result in a massive short position being instigated almost immediately with no move up. This will not initially be liquidation of long positions but will result in stops being triggered, again targeting key support levels.

Both scenarios will spell an attempt by the two main short holders to illegally drive the market down and reap very large profits. Locals such as myself will be "invited" on board, which will further add downward pressure.

The question I would expect you might ask is: Who is behind the sudden selling and is it the entity/entities holding a concentrated position? How is it possible for me to know what will occur days before it will happen?

Only if a market is manipulated could this possibly occur.

I would ask you watch the "market depth" live as this event occurs and tag who instigates the move. This would surly help you to pose questions to the parties involved.

This kind of "not-for-profit selling" will end badly and risks the integrity of the COMEX and OTC markets.

I am aware that physical buyers in large size are awaiting this event to scoop up as much "discounted" gold and silver as possible. These are sophisticated entities, mainly foreign, who know how to play the short sellers and turn this paper gold into real delivered physical.

Given that the OTC market (where a lot of the selling occurs) runs on a fractional reserve basis and is not backed up by 1-1 physical gold, this leveraged short selling, where ownership of each ounce of gold has multi claims, poses a very large risk.

I leave this with you, but if you need anything from me that might help you in your investigation I would be pleased to help.

Kind regards,
Andrew T. Maguire

Sorry I had to post the entire story as the link did not work

6:39p ET Saturday, March 27, 2010

Dear Friend of GATA and Gold:
ire, who warned an investigator for the U.S. Commodit
London metals trader Andrew Maguy Futures Trading Commission in advance about a gold and silver market manipulation to be undertaken by traders for JPMorgan Chase in February and whose whistleblowing was publicized by GATA at Thursday's CFTC hearing on metals futures trading was injured along with his wife the next day when their car was struck by a hit-and-run driver in the London area.

According to GATA's contact with Maguire, board member Adrian Douglas, Maguire and his wife were admitted to a hospital overnight and released today and are expected to recover fully.

Maguire told Douglas by telephone today that his car was struck by a car careening out of a side road. When a pedestrian who witnessed the crash tried to block the other driver's escape, the other driver accelerated at the pedestrian, causing him to jump out of the way to avoid being hit. The other driver's car then struck two other cars in escaping. But the other driver was caught by police after a chase in which police helicopters were summoned.

We'll convey more information about the incident as it becomes available.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

If all this is true get ready for a complete overhaul of the financial sector

https://www.kitcomm.com/showthread.php?t=59466

Here is a quote from the thread

"This is 1000 times greater than enron and makes enron look like shoplifting"

If half of what is being talked about is true this story would make a great james bond movie

What do you think stephendare

Here's another quote

"I couldn't agree with you more. You have left me speechless, lol. But yes this will probably be looked back at as the biggest event in financial history. All we have to do is sit back and wait. Could take a week, a month or a year or more, but the day is coming that this will end"

Looks like the story might be reported by the main street media soon

http://www.nypost.com/p/news/business/jpmorgan_chase_story_in_uk_DsMN4PnXFoQG5KdevIsQ7N

http://www.huffingtonpost.com/janet-tavakoli/how-to-corner-the-gold-ma_b_518800.html
   
How to Corner the Gold Market

First, let your greed overcome all regard for the stability of the global market, and overcome your aversion to illegal activities. Stay away from people like me, and fly under the radar, because I'd like to see you thrown in jail. Most Washington officials, regulators, and Wall Street managers are probably safe to hang around, especially if you cut them in for a piece of the action or give them vague promises of a future lucrative job.

Pump up the gold story. Get your friends to tell retail investors to buy some gold every month. Get your buddies in the financial business to offer exchange traded gold funds (ETFs) that claim to buy physical gold. This will sound safe to retail investors, but in fact, the ETFs are very risky. This will serve your purpose when you are ready to start a panic. These particular ETFs will allow the "gold" to be commingled with the custodian's gold, and the custodian can lease out the gold. Moreover, the "gold" custodian can give it to a sub custodian that the manager doesn't know. The sub custodian can give it to yet another sub custodian unknown to the original custodian. The manager will never audit the gold, and the gold is not "allocated" to a particular investor. Since this is an "exchange traded" gold fund, investors will probably assume the gold is regulated by the Commodities Futures Trading Commission (CFTC), but it isn't. By the time investors wake up to the probability that there is very little actual gold backing their investment, your plan will be ready to execute.

Now you are ready to execute your plan.*

Step 1: Let everyone in the futures markets know you are buying gold, speculating in gold, and want to take physical delivery. It helps that China openly announced it wants to increase its gold reserves; the market isn't looking too hard at you. At first, act like you're naïve. Buy on margin and pyramid up by reinvesting your profits when you have them.

Step 2: Get the banks to let you finance your gold.

Step 3: Book up all of the space at gold refiners, so that no one else can do it. Buy as many gold mines as possible.

Step 4: Create credit derivatives contracts that give you the option to ask for your pay-off in gold.

Step 5: Pick the future month to make your big move. You will go long gold futures and demand physical delivery.

Step 6: Secretly and habitually start making some large early purchases in non-U.S. markets. That way, when the U.S. markets open, gold should follow the upward trend.

Step 7: The bullion banks and dealers that have over-hedged their physical gold with short positions will now be squeezed and have to make margin calls. Offer to cancel some of your forward contracts in exchange for early delivery of gold. This will temporarily relieve the bullion dealers' pain on their short positions, and give you control over even more of the gold supply.

Step 8: You and you friends have pinched off the gold supply and control most of the free gold supply having locked it up in your own vaults and warehouses. You are all long a lot of futures contracts, and you will all demand physical delivery. You now have the naked shorts exactly where you want them.

Step 9: Rely on bankruptcy and bailouts to get what you want. Normally, you would be afraid that you would never get paid, because your demands would bankrupt the naked shorts. But the naked shorts are likely to be unwary hedge funds or other sophisticated investors, and no one cares if you bankrupt them. Other naked shorts are likely to be the bullion banks, and they are all being bailed out by the Central Banks who will lend them what little gold they have left and then beg the IMF for whatever they have.

China is a wild card. If it is not part of your scheme and decides to lend its gold, it could dampen your profits or even upset your short squeeze. But China may not want to help out your victims. Why should they? If China buys enough gold mines and increases its reserves enough, it may be in its interest to befriend you. Your combined ownership will have made the futures markets irrelevant. Together you will not only have cornered the gold market, you will have cornered gold.

Note: This post was shortened and adopted from a longer article distributed by Tavakoli Structured Finance, "How to Corner the Gold Market," March 30, 2010.

* The Hunt brothers used a similar earlier strategy in an attempt to corner the silver market in 1979-80 as recounted by Stephen Fay in The Great Silver Bubble (Coronet, 1982).

finehoe

From what I have read on the subject that is what has been going on for 40 years plus but the purpose is not to make money from the metals them self but to reduce the faith in them as they want to hold the world to a dept based system. The "Friends" are not only JPM but all the world banks.  I think there pissed that someone might have thrown a wrench in the works. The biggest unknown with this scenario is the silver market as no one knows how much or how little is out there. There are quite a few people on the internet trying to figure it out but every web sight you go to shows a different amount. The U.S. stock pile ( That was the biggest in the world, We are now buying on the open market) is used up.

As the old saying goes he who owns the gold (and silver) makes the rules

Here is an audio update

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/3/31_GATA_files/GATA%203%3A31%3A2010.mp3

One thing that was said that I find interesting was that all the major U.S. media was scheduled for interviews but they all canceled but Russia didn't. Kind of makes me say Hmmmm

I kind of agree with this statement

QuoteSome guy a mid-level executive type guy, a middling illuminati errand boy if you will, decides he's gonna send a message to Maguire or outright kill him. Sends out the assassin who does his thing (could have intentionally been non-lethal to send a message). As soon as operator level PTB get wind their junior employee has made this huge mistake they go into overdrive. Killing the story in the media everywhere they can, getting interviews cancelled and doing Denial of Service attacks etc. They now have Easter weekend to figure out how to character assassinate Maguire.

since this story first came out the price of silver has went from $16.60 an OZ, 03/26/2010 to $17.95 an OZ today at 2230

this is from the kitco forum

QuoteThis is an oldie but goodie from Jim Willie May 09. "Hitmen cometh" This is basically the scenario that Maguire is predicting.

http://www.silverbearcafe.com/private/05.09/hitmen.html

Tremendous disruptions are coming. Price discontinuities are coming. Price chart patterns might be rendered useless soon. Last week, the case for a grand Paradigm Shift was made, covering many elements in order to paint a mosaic. Taken in isolation, any one point is important in its own right, but not enough to convince of a structural change. Taken in entirety, the many points create a full picture that is more easily recognized. The ruinous events of the Wall Street banks last September and October surely served as an extreme event loaded with profound disruption. The Chinese have proceeded with a transition to yuan-based domestic banking, with an installation of yuan swap facilities around the world, with an ASEAN regional fund again supplied by yuan for flexible purposes, with permission granted to two Hong Kong banks to sell yuan-based bonds, with an admitted rise in significant gold bullion reserves, and with continued verbal battles over legitimacy of the USDollar as the global reserve currency. These Chinese initiatives in recent weeks, occurring rapidly, are serving as a collective extreme event with the potential for profound disruption. A gold-backed yuan currency would surely cause massive disruption in a climax merger of events. The barter system set up between Russia and Europe will bypass the US $-based settlement system, as will the barter system set up between Russia and China . The avoidance of contract settlement in USDollars would result in extreme disruption to the global banking system. The creditor nations are plotting to organize and launch alternative currencies, maybe to fortify existing currencies (like the euro or yuan or ruble) with a gold component, maybe also with a crude oil component. A challenge to the USDollar by asset-backed currencies would result in extreme disruption to the global banking system. The hidden nitroglycerine to the disruptions is the Russian military, and any pledges of support for nations attempted to force systemic changes. These are just some important examples of change agents.

All Paradigm Shifts result in extreme disruption. That is the essence of Paradigm Shifts. The entire table changes, like its shape, its seats, its location, even who sits at the table, and in particular who sits at the head of the table. Big disruptions are to come from the COMEX pit of corruption, the central nexus for controlling illicitly the price structure for gold, the USDollar, and the USTreasury Bonds. The COMEX in all likelihood is the weakest link in the US-UK chain of corrupted financial markets. For many months my view has been that gold fights the political battles, while silver gathers more than its share of rewards and spoils. Gold has a long history of experience fighting grand battles. It can be placed in dungeons, but not for more than a couple decades. The rot in financial systems without golden foundations forces gold to the surface!

The Hitmen Cometh
It has come to my attention that several private parties have accepted contract assignments to neuter the COMEX and London Metals Exchange, to render ruin to its gold market. That bears repeating from the rooftops. MUTLIPLE HIRED HITMEN HAVE ASSIGNMENTS TO KILL THE COMEX GOLD MARKET. That is the lynchpin to control the USDollar, the USTreasurys, and the corrupt mechanisms used by the New York and London syndicates. Their clear criminal behavior is beyond the reach of law enforcement, but they are not beyond the reach of hitmen. The USDollar has been in violation of the US Constitution since 1971, perpetuated by a renegade series of administrations. The global creditors for the USTreasury Bonds are so angry at the past suffered losses, the prospect of deep future losses, and the corruption laced throughout the US financial system, that they have hired third parties to kill off the US$-gold platforms, to destroy the burdensome banking ballast dominated by protected entrenched fraud experts, to lay waste to the vehicles used by the US-UK bond trafficking syndicate totally saturated with corruption, dishonesty, and collusion, replete with greed, totally absent conscience. They have systemically been dismantling the COMEX pillars and levers over the last several months, quietly and without fanfare, surely without publicity. If gold investors knew of their actions, they would become much bolder. Some want the bankers in their gunsights not to be warned. They await their fate with the Financial Grim Reaper. Their executions will be as swift as brutal.



The HITMEN have been hired, with highly lucrative contracts and wide berth in methods to be put to use. Their assigned task is to castrate the levered family jewels from some of the major players who illegally keep the gold price and silver price artificially low. The targeted victims know their awaited fate, and are presently defecating in their skivvies. A short list of banks facing the firing squad is already known, details for Hat Trick Letter members. Some detailed speculation will be devoted to the June HTL reports, since too controversial. This will be an evolving story, with new chapters soon written. The executions will be sudden. The missing US-UK levers will be immediate. Since last autumn, the global powers have aligned against Wall Street, even if the central bankers have supported it. If one wants to destroy a building, then weaken its pillars, cut a few support beams, then rush in a crowd of people, and wait for a turbulent storm. In the case of the COMEX, the wicked players will crowd the corrupted building. They will sink into ruin and then oblivion. They might become objects of mockery when they make noises from prison. If lucky, they will join Ken Lay from Enron fame in a remote Caribbean island where other favored operators live a secluded life, but a life nonetheless, complete with plenty of sunshine, fresh air, beaches, bikinis, and sailboats, but no intrusive cameras. Please, do not disturb the quasi-dead!

The financial cartel dominated by the United States and United Kingdom is soon to suffer some serious blows. The list of their financial crimes is as magnificent as it is long. Its list of victims is as prominent as it is long. The harbored resentment is great by many global players. They waited patiently for the Obama Admin to install a new group, but the old group remains due to a revolving door from the same smoky club, dominated by Goldman Sachs once more. Their influence, if not bribery, of the USCongress is in continuation, sufficient for unwanted obsequious approval. The regulatory agencies are from the same encrusted chambers replete with stench. The Coup dââ,¬â,,¢Etat of the USGovt financial offices has not changed with Obama, who sounds like a refreshing leader but who is actually a marionette under control by those who selected him, favored him with publicity, then enabled his election. Nothing has changed except the rhetoric of change and the pace on the path to bankruptcy for a few icon firms like General Motors and Chrysler, if not the desperate cries from the 50 states suffering from insolvency. More prominent failures will follow, since nothing has been remedied. The channeled funds directed to Wall Street firms continue unabated. The bread crumbs to Main Street and the people continue unabated. Even the war continues unabated. Forget not that Marie Antoinette once said ââ,¬Å"Let them eat cakeââ,¬Â before the French Revolution and the Storming of the Bastille. Today, the Bastille is the entire USEconomy where insolvent Americans are stuck.

Some might wonder what was the turning point that resulted in hired hitmen to be under contract against certain US financial markets. Some might say the failures of Lehman Brothers, American Intl Group, and Fannie Mae. Not so! In my opinion, it was the invasion in the South Osettia region of Georgia in August 2008. The events around Georgia , with the United States Military deeply involved, along with a certain tiny mischievous ally nation, lit a fuse that set off a chain of events. In time, events led to orders given by high level powers, for the US fraud kings on Wall Street to swallow the medicine no later than first thing Monday morning on September 15th. When the Jackass inquired as to the nature of the urgency leading into that understood stated deadline date, no answer was given. The guess of the Bank For Intl Settlements was submitted by me, and it was confirmed. Other sources, the USTreasury Bond creditors, also applied the pressure, it was told. Rumor was thick that death threats had been delivered to certain Wall Street executives, such as Paulson. Thus the pressure passed on to the USCongress for passage of T.A.R.P. funds. The disbursement of those funds have not been made public partly because Wall Street (read Goldman Sachs) does not want the US people to be aware of payoffs for bond fraud under death threats. Also, the Congressional Inspector has cited a few dozen recommendations for criminal fraud investigations of the same T.A.R.P. funds. The US financial sector has become a den of vipers, no longer the bastion of gentlemen, but rather of syndicate bosses..........................read the rest at the above link

The market are so hidden from the public its hard to figure anything out. If this Maguire fellow turns out to be genuine I think we are in for a big change.

speaking of the gold market you might find this interesting

http://www.youtube.com/watch?v=CBJfWkENhr4

I know this is an old thread, but just wanted to bring up that silver and gold seem to be doing very well in our world of sustained quantitative easing.  Silver is closing in on $21/ once, gold is at $1,290 and may reach $1,300 this month.

I fully expect silver to meet my prior full year target of at least $22/ oz (as posted last December).  I don't see it going much higher than the low $20s this year as the recovery seems to be sustaining itself and further QE seems like it will be introduced in smaller increments.  Expect gold and silver to stabilize over the next 2-3 months.  If we maintain at least 2% GDP growth, then precious metals probably will not move much.  Should GDP growth drop below 2% (sustained), then expect gold to reach towards $1,500/once and silver towards the $25-$28 range /ounce.

Good take chipwich............I think your right! Where oh where are the "Hunt Brothers" when you need them?

I have been looking for information on the posts i did earlier in this thread but it seems to have been down played.

Silver is one of the most misunderstood investments in the world..........BUY SILVER    NOW!

Too late!  Upside potential is a lot less now than it was two years ago.

Dog walker......."they" said that in 03, 04, 05. 06, 07, 08, 09, 10, 11.
So buy real estate.....then.

I'm not listening to "them".  I've been through this before.

Methinks silver is about to go on a tear. Gold will slow.

Silver at $80 by Quanza?

I severly doubt upside potential is out for silver.

I expect to test the $50/ ounce mark later this year.  Gold and silver are going parabolic and unlike the 2008 crisis, silver has legs to stand on (and too outstanding short contracts and much more investment demand). 

At a 40:1 ratio (assuming gold creeps up to $2,000, then silver will follow to $50). 

I'm not a stacker.  However, in the absence of secure soverign debt, sustained distress on financial institutions, and further monetary easing worldwide, then I think precious metals are some of the only commodities that can fill the asset vacumn for safe haven status.

BTW, the US 10yr is trading at 2.13%.  Probably time to go short as I doubt it will stay that way for long.