Busted by the Demand for Delivery, COMEX is trying to devaluate GOLD & Silver today:

smell test,

Your knowledge of Millionaires is quite limited, so I will excuse you...lol

You obviously have zero money to invest so you get mad at those who have money and try to help folks like yourself. its ok little fella I aint mad.

Just Keeps falling

10-YEAR TREASURY NOTE(Chicago Options: ^TNX)
Index Value: 2.05
Trade Time: 2:10PM ET
Change: 0.14 (6.26%)
Prev Close: 2.19
Open: 2.101
Day's Range: 2.05 - 2.13
52wk Range: 2.074 - 4.324

I agree! I posted earlier on this thread, that it seemed to me strange, that he revealed one of his customers, was Mick Jagger
(Go back in this thread and see for yourself)
A real bussinesmen would never reveal the name of one of his clients...

Like I said earlier, I just try to give you guys a bone, if you dont want it, good, if you do...good, but dont try to blow me out of the water because I am generous with you guys.

Back in the day, folks respected a hand up, now adays I dont bother because of folks like yall who bash and trash. Live your poor pathetic lives where you want, just dont get pissed when you come begging and I slam the door in your face and release the hounds....lol

2% annualized return for 10-year T-bonds?
2.5% for 30 years!

Unless inflation is totally dead for the foreseeable future; there is no way that real savers (i.e. non new money creation) will part with current enjoyment at a return so low. This may have the effect of stimulating demand; but damn if that isn't gonna run into a wall with all the cuts in production already enacted (i.e. inflation results). The rates can't stay this low. TBT is the ETF to play the double down side on L-T Treasury values (i.e. betting on higher yields). Might not be the right time to buy into popping this bubble; but I'm not sure how far this bubble can grow without snuffing out the productive economy.

AC, so which alias are you: 533394 or 564912....lol

Helicopter Ben is about to find out for us...Ouch!!!!!!

515900, Micks not my client he is one of the original owners who stayed on after I purchased the mine...lol get your facts straight loser.

OP, just ignored all of them !!
Don'T need to bashing or answer their post !! This is a debunking /trolling site !!
Keep going !!
I am interested !!

AC, will do...lol

Hey the dollar is plummeting, the treasury is plundering, the COMEX is lying, what next......lol

im a millionaire .... i post on here or used to a lot until i got banned ( heh) or mentioning a group that runs government tests on mas spopulations .... you can figure that ou if your savy eough through searches online

comex will go bust when banks cna no longer short sell on the market whenever that happens great .....

bottom line is 10 ounces of gold now buys the dow and its on its way to 1 or 2 buying the dow ....

down from 45 ounces of gold tobuy dow in 2000

dollar is now crashing will bust through 70 in my opinion soon - was 78.5 last i looked and has fell 12% in short order

OP may have his timing off but it will happen one of two ways ... comex will go bust or gold will go to 2000 an ounce plus

yes, the gold to dow ratio is very fascinating. its a key stat that not many look at. it was actually at nearly nine a few weeks back, then went up to ten. expect to see the market keep dropping and the ratio to hit 7 by early next year.

what are you buying right now? i have been loading up on SLV and GLD and making great money on it, but today they both got hammered.

Whatever...you should not have revealed his name, at least not on a public board like this one.
A real bussinesmen would not have doen that....

The real State of the Nation:

[link to finance.yahoo.com]

ok, waited all day. dind't see any volume. not one single trade. when is the huge volume going to happen?

last trade is still nov 10.

He is a fake. It is called pump and dump. He talks about this stock he is stuck in or does not want to build it up so that he can get rid of his at a higher price. GLP should delete this whole threat. FRAUD ALERT---FRAUD ALERT

If you don't know how to invest or take advice frequently from random individuals online, you are a fool.

The OP has said to buy physical silver. We've also discussed my mild obsession with copper. Personally, I wouldn't invest in anything that isn't physical.

Fraud? I don't think so. Sounds to me like he could really give two shits what all of you fools do.

SORRY BUT YOU DIDNT ANSWER ANY OF THE QUESTIONS.......ITS NOT JUST ABOUT MAKING MONEY ..IT IS ABOUT HONESTY AND VALUE FOR MONEY .....IT LOOKS LIKE A SCAM ....WhaT PRODUCTIVE ENTERPRISES HAVE YOU BUILT TO GIVE YOU THESE PROFITS YOU HAVE MADE.....simple questions answer them

So treat it like a scam and move on.

Why should he share personal business with you. Are you going to pay him for advice?

I just put my money in things I can hold. Never get scammed that way.

Hello OP! are you there? you said KMLD was set to rocket today! you said 'lots of volume.' you said 'get in now on the ground floor!'

and yet there it sits. dead as a doornail. not one single trade all day.

were you wrong? what happened there? i thought you were giving us a 'hand up'?

hhhhhmmmmmm.......!

Vaporize COMEX 2008-12-18

Posted on December 18, 2008 by Scott Gallup

Gold: 46.5% depleted. Delivery notices today: 12,700 oz.

Silver: 44.2% depleted. Delivery notices today: 445,000 oz.

TRADE DAY 12/18/2008 COMEX DELIVERY REPORT 12/18/2008 08:26:35
TENDERED/ACCEPTANCES GC DEC 08 SI DEC 08 HG DEC 08
DEL ACC DEL ACC DEL ACC
GOLDMAN SACHS & CO. 0 4
PRUDENTIAL BACHE COMODITIES, LLC 118 9 0 4 68 48
DEUTSCHE BANK SECURITIES, INC. 0 7
NFI DIVISION OF NEWEDGE USA,LLC 91 40
BANC OF AMERICA SECURITIES LLC 0 2 0 4
HSBC SECURITIES (USA) INC. 0 28
MF GLOBAL INC. 0 26 0 25 0 23
STERLING COMMODITIES CORP. 0 4 0 5
ASTRO DIVISION OF UBS SECURITIES LLC 23 2
THE BANK OF NOVA SCOTIA 0 16 0 34
J.P. MORGAN FUTURES INC. 0 6
TRILAND USA INC. 47 0 11 4
F C STONE L.L.C. 11 3 0 52
FORTIS CLEARING AMERICAS, LLC 9 28 0 17
BARCLAYS CAPITAL, INC. 0 5
RBC CAPITAL MARKETS CORPORATION 43 35
MITSUI BUSSAN COMMODITIES (USA), INC. 0 4
ROSENTHAL COLLINS GROUP 31 0
MF GLOBAL INC.-PIONEER DIVISION 0 14
CITIGROUP GLOBAL MARKETS INC. 0 1
ADM INVESTOR SERVICES INC. 0 1 0 1
TOTAL 127 127 89 89 236 236
=============================================================​=============================================================​=================
CUMULATIVE NOTICES

Gold 13,170

Silver 6,032

Copper 3,134

Scott Gallop's Chart:

[link to meltdown2011.wordpress.com]

10-YEAR TREASURY NOTE(Chicago Options: ^TNX)
Index Value: 2.07
Trade Time: 2:59PM ET
Change: 0.12 (5.30%)
Prev Close: 2.19
Open: 2.101
Day's Range: 2.04 - 2.13
52wk Range: 2.038 - 4.324

hey there OP!

what happened with KMLD today?

As we go into this recession, those of you who want to invest in overseas venues, Peter Shiff has a good operation going.

[link to www.europac.net]

I clear all of my trading in Europe threw a market makers account within the EuroClear Bank, but I am an issuer, Peters company is set up for the individual trader.

I have many shell companies on the Frankfurt Exchange, I moved alot of my investments overseas.

Gold & Silver are awesome, but always keep your eyes peeled for opportunities overseas.

hey OP!

whats the deal on that KMLD? thought it was going to have huge volume today? what happened?

Looks like Larry is onto something: 10 Treasuries suggest dire straights

The G-20’s Secret Debt Solution
by Larry Edelson 11-13-08


If you think this weekend’s G-20 meetings in Washington are only about designing short-term fixes to the financial system and regulatory reforms for banks, hedge funds, brokers, mortgage companies and investment banks … think again.

Behind the scenes, a far more fundamental fix is being discussed — the possible revaluation of gold and the birth of an entirely new monetary system.

I’ve been studying this issue in great depth, all my life. And given the speed at which the financial crisis is unfolding, I would be very surprised if what I’m about to tell you now is not on the G-20 table this weekend.

Furthermore, I believe the end result will make my $2,270 price target for gold look conservative, to say the least. You’ll see why in a minute.

First, the G-20’s motive for a new monetary system: It’s driven by and based upon this very simple proposition …

“If we can’t print money fast enough to fend off another deflationary Great Depression, then let’s change the value of the money.”

I call it …


The G-20 may propose devaluing all currencies, including the U.S. dollar and the euro.
“The G-20’s Secret Debt Solution”

It would be a strategy designed to ease the burden of ALL debts — by simultaneously devaluing ALL currencies … and re-inflating ALL asset prices.

That’s what central banks and governments around the world are going to start talking about this weekend — a new financial order that includes new monetary units that helps to wipe clean the world’s debt ledgers.

It won’t be an easy deal to broker, since the U.S. is the world’s largest debtor. But remember: Debts are now going bad all over the world. So everyone would benefit.

Fed Chairman Ben Bernanke … Treasury Secretary Paulson … President Bush … President-elect Obama … former Fed Chairman Paul Volcker … Warren Buffett … and central bankers and politicians all over the world agree a new monetary system is needed.


So they’ll start hashing out the details to get the new financial architecture deployed as quickly as possible.

If you think I’m crazy or propagating some kind of conspiracy theory, then consider the historical precedent …

To end the Great Depression in 1933 Franklin Roosevelt devalued the dollar via Executive Order #6102, confiscating gold and raising its price 69.3%, effectively kick starting asset reflation.

Only this time, it won’t be just the U.S. that devalues its currency. The world is too interconnected. Instead, the world’s leading countries will propose a simultaneous and universal currency devaluation.

This time, they will NOT confiscate gold. There would be riots all over the globe if they even mentioned the “C” word.

But they don’t have to confiscate gold. Here’s one scenario …

They cease all gold sales and instead, raise the current official central bank price of gold from its booked value of $42.22 an ounce — to a price that monetizes a large enough portion of the world’s outstanding debts.

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That way, just like in 1933, the debts become a fraction of re-inflated asset prices (led higher by the gold price).

And this time, instead of staying with the dollar as a reserve currency, the G-20 issues three new monetary units of exchange, each with equal reserve status.

The three currencies will essentially be a new dollar, new euro, and a new pan-Asian currency. (The Chinese yuan may survive as a fourth currency, but it will be linked to a basket of the three new currencies.)

The new fiat monetary units would be worth less than the old ones. For instance, it could take 10 new units of money to buy 1 old dollar or euro.

New names would be given to the new currencies to help rid the world of the ghost of a system that failed. Additional regulations and programs would be designed and implemented to ease the transition to a new monetary system.


The IMF would be at the center of the new monetary system.
The International Monetary Fund (IMF) would implement the new financial system in conjunction with central banks and governments around the world.

Keep in mind that the IMF is already set up to handle the transition, and has had contingency plans allowing for it since the institution was formed in 1944.

Included in the design and transition to a new monetary system …

A. A new fixed-rate currency regime. Immediately upon upping the price of gold and introducing the new currencies, a new fixed exchange rate system would be re-introduced. The floating exchange rate system would be tossed into the dust bin along with the old currencies.

This would kill any speculation about further devaluations in the currency markets, and drastically reduce market volatility.

B. To sell the program to savers and protect them from the currency devaluation, compensatory measures would be enacted. For instance, a one-time windfall tax-free deposit could be issued by governments directly to citizens’ accounts, or, to employer-sponsored pensions, to IRAs, or Social Security accounts.

Income taxes may subsequently be raised to pay for the give-away, or a nominal global type of sales tax could be enacted to help pay for the new system and the compensatory measures.

C. Additional programs would be designed to protect lenders and creditors. Lenders stand a much higher chance of getting paid off under the new monetary system — but with a currency whose purchasing power would now be a fraction of what it was when the loans were originated.

So programs would have to be designed to help lenders offset the inflationary costs of their devalued loans, probably via the tax code.

Naturally, all this is a bit more complicated than I’ve spelled out above. But that gives you a big-picture outline of what the plan could look like. And I think major changes like these are going to be set in motion at this weekend’s G-20 meetings in Washington.

Would they work?

Yes. They would help avoid a repeat of the deflationary Great Depression. But don’t expect even a new monetary system to put the U.S. or the global economy back on track toward the high rates of real growth that we’ve seen over the last several years. That’s simply not going to happen. Not for a while.

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Instead, I’m talking about a massive asset price reflation, negative real economic growth in the U.S. and Europe — but continued real GDP gains in Asia.

The Big Question: What gold price would be legislated to reflate the U.S. and global economy?

I can’t tell you what gold price the G-20 would ultimately agree to. But here’s what they will be looking at …

To monetize 100% of the outstanding public and private sector debt in the U.S., the official government price of gold would have to be raised to about $53,000 per ounce.

To monetize 50%, the price of gold would have to be raised to around $26,500 an ounce.

To monetize 20% would require a gold price a hair over $10,600 an ounce.

To monetize just 10%, gold would have to be priced just over $5,300 an ounce.
Those figures are just based on the U.S. debt structure and do not factor in global debts gone bad. But since the U.S. is the world’s largest debtor and the epicenter of the crisis, the G-20 will likely base their final decision mostly on the U.S. debt structure.

So how much debt do I think would be monetized via an executive order that raises the official price of gold? What kind of currency devaluation would I expect as a result?

I would not be surprised to see the G-20 monetize at least 20% of the U.S. debt markets. THAT MEANS …

Gold would be priced at over $10,000 an ounce.

Currencies would be devalued by a factor of at least 12 to 1, meaning it would take 12 new dollars or euros to equal 1 old dollar or euro.
The return of the Gold Standard?

“But Larry,” you ask, “how could this be accomplished when we no longer have a gold standard? Further, are you advocating a gold standard?”


If the G-20 monetizes at least 20% of the U.S. debt markets, gold could easily hit $10,000 an ounce.
My answers:

First, you don’t need a gold standard to accomplish a devaluation of currencies and revaluation of the monetary system.

By offering to pay over $10,000 an ounce for gold, central banks can effectively accomplish the same end goal — monetizing and reducing the burden of debts, via inflating asset prices in fiat money terms.

Naturally, hoards of gold investors will cash in their gold. The central banks will pile it up. At the same time, other hoards of investors will not sell their gold, even at $10,000 an ounce. But the actual movement of the gold will not matter. It is the psychological impact and the devaluation of paper currencies that matters.

Second, I do NOT advocate a fully convertible gold standard. Never have. There isn’t enough gold in the world to make currencies convertible into gold. It would end up backfiring, restricting the supply of money and credit.

What should you do to prepare for these possibilities?

It’s obvious: Make sure you own some core gold, as much as 25% of your investable funds.

Also, as I’ve noted in past Money and Markets issues, you will want to own key natural resource stocks, and even select blue-chip stocks that will participate in the reflation scheme.

For more details and specific recommendations to follow, be sure to subscribe to my Real Wealth Report.

Best wishes,

Larry





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