Mega-Battle opportunities & risks: Gold. Debt. Markets. Policy

"In his latest comment FOFOA Blogger (Friend of a friend of another) to the conclusion that gold lease rates are as fake, has to hide the gold for some time, as available in backwardation supplies in exchange for Fiat currency. Along of the way FOFOA dried reports that, like GATA's Adrian Douglas, he also had trouble last week, access to the usual data on the website of the London Bullion Market Association. (Emphasis added)

"FOFOA: Hide lease fake gold to backwardation"
7/26/10 FOFOA about Chris Powell, Gold Anti-Trust Action Committee Inc.,

"The London Bullion Market Association has just published the highly unusual step of blocking access to the statistics on trade in the activities of its member companies made bullion banks. This information was accessible to the public since 1997 but as this week it is only for LBMA members.

I wrote recently a series of exposes of the LBMA (see references 4.1 below) show with the help of the association's own data shows that the LBMA's gold banks are working on a "fractional reserve" basis. My analysis shows that the bullion banks hold only 1 ounce for real about every 45 ounces of gold, which sold them to a reserve ratio of only 2.3 percent …

It is a cover-up the back of cash injections by physical gold, and the LBMA is now trying to hide the trade in information. I interpret the LBMA the step to silence as a sign that the possibility of real metal closes soon … "(Emphasis added)

Adrian Douglas, GATA.org, 7/25/10

But the next day 26th July 2010 Adrian Douglas stated:

"Interestingly, now the information I sought was again be accessible to the public at the LBMA Internet. So I called the LBMA to find out what had happened …

… (LBMA) suggested that the problem may have had with my computer, but I told her that others do not have as good access to the data at the same time.

Only then (LBMA) show that the LBMA was completely changed its Internet architecture …

A bit strange, now a request to the LBMA by a major U.S. newspaper, which was the clearing data happened was with "meets no comment."

So the question is whether the new Internet Site architecture initially blocked access to the clearing statistics and after the publication of my article, or if the closure was simply an error in the Internet site of the last update. "

"Adrian Douglas: LBMA regained access to the gold, silver, clearing data"
Adrian Douglas, GATA.org, 7/26/10

"… If AIG received a bailout package worth 2.5 billion, Goldman and other banks shall report it …

Much of the federal money was used for rescue AIG to pay its obligations to its trading partners on Wall Street, credit default swaps. The biggest beneficiaries of the money AIG was Goldman, which received 0.9 billion …

The payments have been controversial because of concerns that the banks further losses on their investments, instead was added repaid with taxpayer money. Last month, a watchdog panel raised new doubts about the likelihood of the taxpayer in full to the government rescue of AIG will be repaid. "

"Show documents in Goldman Sachs 0.3 B Payouts
The Associated Press, 7/24/10

Titanic Battles are played in different places. The fights are relatives. The stakes are very high. Investor opportunities and risks are considerable and rising. Here we will briefly survey the Titanic Battles record, and the resulting opportunities and risks.

The Cartel * is tried mightily to suppress the gold price, and was recently modest success, but with increasing difficulty. The gold price war is related to the other, we outline here, so we first address.

In the political arena of the private for-profit Federal Reserve has got almost everything they wanted from the Fin Reg Bill. There was no meaningful audit, but only a very limited "audit" as a fig leaf for politicians to go serve in the election in November.

And, incredibly, got it right, the fate of non-financial companies, which it considered systemically important – a power characteristic of the Marxist planned economies to determine whether there was ever one.

And several Obama administration nominations courts and administrative authorities probably a similar pro-Marxist-powerful government perspective as well.

Such a perspective represents a threat to capitalism and civil liberties. The upcoming elections provide an opportunity to "Vote the incumbent out.

But important two major contests, the Cartel * be gone (as we write) this season before the election.

One is the struggle over who will head the new agency for consumer protection. From the cartel of the point of view, Elizabeth Warren someone not "play ball", eg by not implicitly sanctioning of mega-bankers and their allies and agents of highly leveraged, highly profitable and high systemic risk (unless the taxpayer will foot the bill) OTC Derivatives Dark Game.

Of course, the real "Main Street" U.S. Banking System of the state, regional and local banks are suffering – more than 100 have failed already this year.

In fact, with about 0 trillion face value of OTC Derivatives Dark is still pending, are systemic risks as a result of this ongoing mega-Bankers intensification of the "game". (See "Bridging the Armageddon scenario & Cartel" End Game "(2/26/10) in the" Articles of Deepcaster 'cache on the site Deepcaster and www.bis.org , path: statistics> derivatives> Table 19).

Another battle will be of great interest to those in power to the mines Globalist Open Borders Advocates against the guerrillas Internationalist sovereign nations and states.

The sovereign state of Arizona recently, a carbon copy of the Law on Illegal Aliens, Arizona, but intends to enforce them, in contrast to the Obama administration, which apparently believes Border Protection is not an issue of critical national security. A judge recently imposed on gutting enforcement of key provisions of the Act take effect, though perhaps only temporarily.

Much is at stake in this fight because it is set in the context of some 30 million Americans are in fact unemployed (Real unemployment in the U.S., 21.6% per shadowstats.com is).

With legal immigrants and descendants by about 2 million annually to the U.S. population, and illegal about another 2 million, and illegal immigrants alone cost € 8 billion per year according to the Center for Immigration Studies for "free" (taxpayer) funded health care, education , etc. This is an issue that will not disappear.

And a Titanic battle rages in the equity markets, as reflected in the number of recent panic buying and panic selling Days. Last Thursday was the ninth panic buying 90% UP day since the 26th April and last Friday the top 90% of the eleventh panic selling on the day, since the tip.

This action is an unhealthy Equities Market analog too close to the market, the Hindenburg Omen creates an action usually preceding Market Crashes. In one scenario Omen Hindenburg Omen is created when a series of new highs with a series of new lows are coupled. We offer our Markets forecasts in our August 2010 letter in the "latest letter 'Cache in Deepcaster website.

Internationally, the Sovereign (and other) debt crises have not disappeared reinforce, rather. The EU's latest solution to the problem was PIIGS debts no solution at all, but above all an 'extension and Pretend "bailout of big banks. Europe only "kick the can down the street" a couple of months.

And a titanic battle is raging in the Precious Metals Market. The recently weakened but not yet conquered, Cartel * further on gold and silver price suppression tried before with some very limited success recently. The Battle Ground these days had the gold, was centered 200/oz. Turning point. But the cartel has recently won, pushed on gold, 160ish as we write, as we previously forecast.

Nevertheless, we recommend that purchasers of certain forms of physical.

In fact, we emphasize that the recent widespread allegations / Revelations show that not certain Superficial Bullion repositories on the bullion they say they do (see above). This has led to a growing number of large buyers to demand delivery and possession of physical, a wise move in our opinion.

In relation to gold bullion, the LBMA was significantly removed data on gold trading activities from the public and then restored, but with contradictory statements by LBMA. We agree with Adrian Douglas, LBMA that it probably does not have the physical gold they say they will do. In fact, Douglas is probably right that they "hold only 1 ounce for real about every 45 ounces have sold them."

If true, this would rather set a lower limit for the physical gold price. We work also agreed with Douglas that the disappearance of the trading data, and his return "curious". So curious, we believe that it reflects the extreme difficulty of the cartel meet in the procurement of physical metal.

A deficit of Physical is the cartel Achilles heel. And that's partly why Physical commands such a high premium. Our unscientific survey of some retailers revealed yesterday that the form of physical bullion we sell recently recommended for 25% more than the spot price of gold bullion. It is therefore increasingly difficult for the cartel does not maintain Takedown.

How good that we have the disappearance of LMBA Gold Trading information from the public and the alleged falsification of gold lease rates are still two more signs that the cartel is under increasing pressure, physical metal is purchased.

* We call upon those concerning the scope of doubt and the power of open and covert interventions by a Fed-led Cartel of Key Central Bankers and favored financial institutions to Deepcaster from December 2009 to read, Special Alert contains a summary overview of Intervention entitled " The forecasts and December, 2009 Special Alert: Benefit of Dark interventions of the cartel – III "and Deepcaster from July 2010 letter entitled" Take advantage of a weakening Cartel; Buy Reco; Prediction: Gold, Silver, Equities, Crude Oil, U.S. dollar and the U.S. T-Notes & T-Bonds "in the" Alerts Cache "and" Current Letter 'cache at Deepcaster website. Note the substantial evidence collected also from the Gold Anti Trust Action Committee www.gata.org , including statements before the CFTC, for information on precious metals price manipulation. Nearly all of the evidence for Intervention has been taken from publicly available documents. Deepcaster profitable recommendations displayed on the Site Deepcaster by attention to this "Interventional been easier." respect for the Interventional easier Deepcaster's recommending five short positions before the Fall, 2008 Market Crash all of which were subsequently liquidated profitably.

The cartel's degree of success in the current gold and silver price Takedown attempts is a measure of the strength Cartel, which we believe, was decreased significantly in recent months, especially as far as bullion is affected. Our forecasts for gold and silver are in the "Sent Alerts Cache" on Deepcaster website.

In respect of shares which do not affect the long term, Cartel Intervention in the equity markets substantially their final destination, but only delayed.

What debt developments, there is increasing evidence that the Fed will make money secret U.S. debt – a covert quantitative easing, as we have in the past week article. But this can not continue indefinitely. The impact of downstream trillion unfunded liabilities are offset plus trillion in budget deficits is not unlimited.

This is a major reason why Mid and Long-term, we remain very bearish for U.S. and many other sovereign nation's debt. Too much Sovereign Debt, is to many budget deficits and too much pressure and Fiat Currency Credit Provision eventually drive higher revenues and ultimately much higher inflation (ie hyperinflation) in the medium and long term.

The key is determining when to break the U.S. Treasury market (resulting in sky-rocketing's returns) and the provision that requires the attention of the Interventional.

And what is the fate of the U.S. dollar in view of the Tidal Wave of Debt? The Cartel Office has several trillion notional value of OTC Derivatives Dark exchange contracts available to the U.S. dollar and other currencies markets move according to the BIS. But paper alone can not indefinitely prevent consequences.

In sum, the rest of the northern hemisphere summer and autumn 2010 will be an important test of the Cartel strength or weakness, and will show more chances and risks.

Yours sincerely,

Deepcaster
29th July 2010

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