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CME Gold Depository Declares Force Majeure!

 
Anonymous Coward
User ID: 28008747
United States
11/27/2012 01:54 PM
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Re: CME Gold Depository Declares Force Majeure!
Maybe someone with access to MTB's vaults stole gold bars out of it during the confusion in and after the storm.

No I'm not joking. A lot of stuff hasn't been found, lights are on because things have been rebuilt and repaired, etc.

And who the fuck are you, have you ever been in a storm like that? Idiot, that's what you are.
 Quoting: Anonymous Coward 28008747


You dumb naive sheep. I have been in a hurricane, a tornado in my back yard and an earthquake. A few tons of GOlD does not float away. It is not carried away unless its STOLEN. There is no confusion about its whereabouts when someone MOVES it. Are you that simple? This paper to gold heist has been going on for YEARS with excuses like yours.
 Quoting: Anonymous Coward 14553694


Hm, it seems I had just said it could be a heist.

Then you conclude that it was a heist, but some sort of fiat-currency "paper to gold heist" that has nothing to do with this story.

This wasn't just a hurricane. An ordinary Cat. 1 hurricane is nothing like this. Remember the Jersey shore? Significant parts of it are gone now.
Anonymous Coward
User ID: 21300769
United States
11/27/2012 01:56 PM
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Re: CME Gold Depository Declares Force Majeure!
INBOUND CME!!!
AHHHHHHHHHHHHH!!!!!!! ahhh
Anonymous Coward
User ID: 28588091
United States
11/27/2012 02:00 PM
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Re: CME Gold Depository Declares Force Majeure!
Sure, and the twin towers collapsed into their own footprint due to the stress of burning jet fuel, too.
 Quoting: tandym


Lol, exactly.
 Quoting: Anonymous Coward 28562964


The mega trillions of worthless paper money stuffed in every nook and cranny helped fuel the fire.
Anonymous Coward
User ID: 28447870
United States
11/27/2012 02:04 PM
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Re: CME Gold Depository Declares Force Majeure!
AND, when the bars are drilled, and Tungsten IS in the middle .... 'Next' excuse is "Bammy made me do it." Take it to the Supremes and get paid in 2-3 YEARS, IF your still here and not in a FEMA CAMP !
Howard
User ID: 27974251
Spain
11/27/2012 02:05 PM
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Re: CME Gold Depository Declares Force Majeure!
Technically this is a default!
Who owns the CME?
Howard
User ID: 27974251
Spain
11/27/2012 02:08 PM
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Re: CME Gold Depository Declares Force Majeure!
Back in my days CME was the Chicago Mercantile Exchange.
This would only apply to options then?
Sky Pilot (OP)

User ID: 982390
United States
11/27/2012 02:17 PM
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Re: CME Gold Depository Declares Force Majeure!
Technically this is a default!
Who owns the CME?
 Quoting: Howard 27974251


The Banksters own the CME.

"NYMEX and COMEX are now a part of CME Group, the world's largest and most diverse derivatives marketplace. Our Metals futures markets include full-size contracts on gold, silver, platinum, palladium, copper and steel; and smaller size contracts for gold (miNY 50 oz.), (E-micro 10 oz.), silver (miNY 2,500 oz.) and copper (E-mini 12,500 lbs.). With an average daily volume of more than 400,000 futures and options contracts traded, our Metals markets are the most liquid in the world for these products. Additionally, we offer clearing services of OTC London Gold spot and forwards and Iron Ore Swap futures through CME ClearPort."
john mclain
User ID: 27889364
United States
11/27/2012 02:18 PM
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Re: CME Gold Depository Declares Force Majeure!
Maybe someone with access to MTB's vaults stole gold bars out of it during the confusion in and after the storm.

No I'm not joking. A lot of stuff hasn't been found, lights are on because things have been rebuilt and repaired, etc.

And who the fuck are you, have you ever been in a storm like that? Idiot, that's what you are.
 Quoting: Anonymous Coward 28008747

right out of diehard 3.lots of people want to see their gold,all these vaults worldwide seem to be hiding someting or nothing.
i have family in brooklynn,they got thru the storm just fine.got family in alabama and florida too.build on the beach and your gonna get wet sooner or later.i have survived 2 tornados so i know what wind can and cannot do.what a nation of whiners and pussies we have become.
Sky Pilot (OP)

User ID: 982390
United States
11/27/2012 02:23 PM
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Re: CME Gold Depository Declares Force Majeure!
Its only one of five depositories that has lost their Gold. The other four have it all, trust me.

Would I lie to you?
ohappy
SaveUSa

User ID: 21010731
United States
11/27/2012 02:25 PM

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Re: CME Gold Depository Declares Force Majeure!
"Yes sir, there's no problem. You can still get delivery, it will just be from Brinks and it will be sometime in February."

If you can't deliver when the contract says you must, you don't have the physical metal, simple as that. This is a stall tactic, to give the exchange time to source the metal for delivery (due to overwhelming demand, they don't have it right now). The much bigger force majeure is coming. This is just the first straw in the wind.
 Quoting: Anonymous Coward 7157944


This
Within the surreal depths of "reality" lies the truth.
Anonymous Coward
User ID: 28008747
United States
11/27/2012 02:29 PM
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Re: CME Gold Depository Declares Force Majeure!
Technically this is a default!
Who owns the CME?
 Quoting: Howard 27974251


No it is not a default, because force majeure was invoked.
Anonymous Coward
User ID: 27410676
United States
11/27/2012 02:33 PM
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Re: CME Gold Depository Declares Force Majeure!
Sure, and the twin towers collapsed into their own footprint due to the stress of burning jet fuel, too.
 Quoting: tandym

the gold disappeared there too

churchlady

how conveeeeeenient
 Quoting: Anonymous Coward 28549256


And just 2 weeks before the collapse. All 2.2 trillion dollars of it. China's a bit pissed off right now as it was their gold, and stolen by those zionists pigs!
Omniscient1

User ID: 25801142
United States
11/27/2012 03:11 PM

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Re: CME Gold Depository Declares Force Majeure!
I don't think even a Cat 5 hurricane could blow gold or palladium away...
 Quoting: Anonymous Coward 28586482


Certainly not from the vault.
Anonymous Coward
User ID: 28590391
United States
11/27/2012 03:11 PM
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Re: CME Gold Depository Declares Force Majeure!
Wonder how much they fucked Celente out of THIS TIME!!!Can't wait to see his next video...should be priceless!
Ralph--a house dog

User ID: 25802009
United States
11/27/2012 03:11 PM

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Re: CME Gold Depository Declares Force Majeure!
I don't think even a Cat 5 hurricane could blow gold or palladium away...
 Quoting: Anonymous Coward 28586482


Some farmer is going to be out plowing his field in March or April and going to get a nice surprise. LMAO.

Seriously? I didn't hear about any secret vaults getting blown over by Sandy. Nor any secret vaults getting flooded and submerged to the point that deep sea divers couldn't get to it.
 Quoting: tandym




I distinctly remember reading about a transformer explosion in NYC that just happened to be on top of a place where gold was stored. Bernake even commented on it.

Couple of weeks ago I looked for info on transformer explosions (to post a thread on this 'coincidence' and most of the material I was searching for specifically was missing.

I think somebody somewhere considers this a verboten topic.

"Who decides?"
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Omniscient1

User ID: 25801142
United States
11/27/2012 03:20 PM

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Re: CME Gold Depository Declares Force Majeure!
I don't think even a Cat 5 hurricane could blow gold or palladium away...
 Quoting: Anonymous Coward 28586482


Some farmer is going to be out plowing his field in March or April and going to get a nice surprise. LMAO.

Seriously? I didn't hear about any secret vaults getting blown over by Sandy. Nor any secret vaults getting flooded and submerged to the point that deep sea divers couldn't get to it.
 Quoting: tandym




I distinctly remember reading about a transformer explosion in NYC that just happened to be on top of a place where gold was stored. Bernake even commented on it.

Couple of weeks ago I looked for info on transformer explosions (to post a thread on this 'coincidence' and most of the material I was searching for specifically was missing.

I think somebody somewhere considers this a verboten topic.

 Quoting: Ralph--a house dog


geerod

User ID: 3592190
United States
11/27/2012 03:21 PM

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Re: CME Gold Depository Declares Force Majeure!
Also Germany has been put off by the FED for insisting on an audit of their gold holdings for several weeks now.

How come?
Anonymous Coward
User ID: 28519222
United States
11/27/2012 03:30 PM
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Re: CME Gold Depository Declares Force Majeure!
So, wiping 70 million $ from the hard asset balance sheets takes care of a leveraged 7 billion $.

That's a good way to shrink the inflationary currency supply without tanking stock market... yet.
ZEROeffect

User ID: 21572434
11/27/2012 03:33 PM

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Re: CME Gold Depository Declares Force Majeure!
SO they would have us believe that they knew for a fact that sandy was inbound a week before it happened. Then they left the vault doors open and said..."Lets just see what happens?"


REALLY? Really?

This is the story they go with? The one where the gold and palladium...both very heavy metals just got swept away from a vault that is most likely air tight?

Really? They must think everyone is a moron!
Just Youtube search "Obama Lies, (Enter name here)LIES to get a good handle on everyone. Don't trust liars for they are only there to deceive.
Anonymous Coward
User ID: 22243884
Malta
11/27/2012 03:49 PM
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Re: CME Gold Depository Declares Force Majeure!
Sorry to take the air out of your thread by quoting the next 2 paragraphs from the story:

CME said that individuals holding MTB warrants, or certificates for a specific lot of metal stored in the depository, may receive gold delivered from Brinks Co. (BCO) in New York. MTB is responsible for any additional costs incurred by customers receiving metal from Brinks, CME said.

"This shouldn't have a material impact on the way market participants are doing business," a CME spokesman said. "They'll still contact MTB if they want to take delivery on contracts," and MTB will arrange for delivery through Brinks.

 Quoting: Anonymous Coward 28008747


it will impact because brinks delivery increases the cost of delivery quite a bit.
Anonymous Coward
User ID: 14894757
Malta
11/27/2012 04:00 PM
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Re: CME Gold Depository Declares Force Majeure!
and the LBMA said they are no longer going to report silver interest rates and silver forward rates. the silver market is becoming more opaque making it harder for investors and silver users to understand whats actually happening. the silver ponzi scheme probably in deep doo doo. got any spare cash laying around might be a good idea to grab some physical on the next dip.
No Dhimmi
Proud Infidel

User ID: 100809
United States
11/27/2012 04:04 PM

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Re: CME Gold Depository Declares Force Majeure!
The Gold War is on, having moved to a higher gear, but nowhere near a climax gear. The true value of gold is being realized. The strength of gold during insolvency crisis is being observed. The resistance and rescue from the plague of insolvency is being made clear on a global stage. The new important part of the Gold War comes with the Allocated Gold Account scandal which will dwarf the LIBOR and MFGlobal scandals. The demands for repatriated gold accounts, primarily from the criminal bank sectors in London and New York, have amplified. Germany has finally joined with demands for gold repatriation. The demands will continue to grow even as tampered gold bars add to the motivation to repatriate. If only Chavez of Venezuela knew that he was to start a global trend to call gold home, in a Gran Aletazo de Mariposas. The grand butterfly flapping has caused a whirlwind that will turn into a tornado to wreck the central banks in a final death blow.

[link to news.goldseek.com]
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The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.
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We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

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Anonymous Coward
User ID: 24141363
United States
11/27/2012 04:13 PM
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Re: CME Gold Depository Declares Force Majeure!
Blew it away into the houses of owners and management of the depository is more like it.
Old Coot

User ID: 27998543
United States
11/27/2012 04:15 PM
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Re: CME Gold Depository Declares Force Majeure!
It appears that all posters on this topic are in agreement -- there is dirty work afoot here - BIG TIME!

So what do we do about it? If we get the lawyers involved, it will take years and the money will disappear for sure.

Any suggestions (please, nothing that will get Trinity in trouble or involve Home Land Security)?
skiddy

User ID: 28592120
United Kingdom
11/27/2012 04:17 PM

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Re: CME Gold Depository Declares Force Majeure!
so 486 pounds of gold and 500 pounds of palladium just get washed out of the vault during sandy. !!!!!!!!!!!
theiving bastards.........
Anonymous Coward
User ID: 25020296
United States
11/27/2012 04:38 PM
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Re: CME Gold Depository Declares Force Majeure!
Damn boating accidents.
Mr. Toppit

User ID: 26466623
United States
11/27/2012 04:43 PM

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Re: CME Gold Depository Declares Force Majeure!
It sounds like government confiscation to me. Surreptitious of course so as not to alarm people that the house has fallen down.
anonymouse
User ID: 1545658
United States
11/27/2012 05:07 PM
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Re: CME Gold Depository Declares Force Majeure!
When everything finally comes to an end, all your money in a bank or safe deposit box will be gone with Force Majeure

All the upper middle class and rich mofo's will be brought down to obama phone levels.
my2centsworth

User ID: 5382682
Canada
11/27/2012 05:34 PM

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Re: CME Gold Depository Declares Force Majeure!
Not to worry, Not to worry....

The CME group can cover you paper....No Problem

Would you like the Yellow Gold coloured Tungsten or the white gold coloured????
 Quoting: Anonymous Coward 24016892


LOL!!! I'll take it in tri-gold colour if you don't mind. LOL

complaint dept c
Anonymous Coward
User ID: 25915094
United States
11/27/2012 05:38 PM
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Re: CME Gold Depository Declares Force Majeure!
Hurricane Sandy blew away 29,276 troy ounces of gold and 33,000 troy ounces of palladium!!!

"CME Group Inc. (CME) on Monday said that Manfra, Tordella and Brookes Inc., one of the exchange's gold depositories, will not be able to delivery metal as the lower Manhattan company deals with "operational limitations" almost a month after the arrival of Hurricane Sandy.

MTB, one of five depositories licensed to deliver gold against CME's benchmark 100-troy ounce gold contract, held 29,276 troy ounces of gold and 33,000 troy ounces of palladium as of Nov. 23, according to data from CME subsidiary Comex.

In a notice to customers on Monday, CME declared force majeure, a contract clause that frees parties from liability due to an event outside of their control, for the facility."

[link to www.foxbusiness.com]
 Quoting: Sky Pilot


BTW....Everyone keep this in mind.....this can also be done through the clearing houses which hold your stocks, IRA, and other financials....along with other neat tricks....just read the fine print when you execute a stock trade.

When executing a trade, you agree to allow a holding exchange to have power of attorney over your assets until you request the physical stock certificates. They own your stocks FIRST and you do SECONDLY. Physical possession is 9 tenths the law.

If SHTF, you are S.O.L. PERIOD...just look at Bear Stearns, Worldcom, or Enron. This also happened in 1933 when a banking holiday was declared and all bank, private, & public assets were frozen and later reduced in value. Even the bank Presidents took the opportunity at the time to loot assets from people's safety deposit boxes. (ALL safety deposit boxes are used at your own risk and are uninsured.)

Read the fine print and make sure you don't have critical assets locked up when an "emergency", Presidential Order, disaster (either financial or natural), Martial Law, or banking holiday is delcared.

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