goldseek.com / by Jim Willie CB, GoldenJackass.com / Thursday, 2 August 2012
JPM GOLD SHORT GAME VS COMEX RIG & GLD RAIDS
JPMorgan serves as a symbol for the heavy controls, the corrupted devices, and the rigged game. They do not act alone, but rather serve as the visible syndicate fortress, replete with obnoxious arrogance. The gold market is the center of the corrupted control mechanisms. If the gold price were permitted to sit at a more accurate, more justified, more equitable price of $2500 per ounce right here, right now, it is an absolute guarantee that the USDollar would sink in shame below the 70 level in the DX index. It is an absolute guarantee that the USTBond would be offered above the 5% yield level amidst hue and cry. It is an absolute guarantee that the US-based price inflation index would be above the 5% level also, complete with screams of pain. What JPMorgan does in order to maintain the price structures, much like a master maestro, is to raid Allocated Gold accounts while at the same time raid the GLD exchange traded fund gold inventories. Their routine naked shorting in the COMEX arena is inadequate, as their strategy requires some physical metal even if stolen or seized or captured. They repeat the process in the silver market for Allocated Silver accounts and the SLV exchange traded fund inventories for silver.
A source for Bill Murphy of the GATA organization has told him that the powerful move in precious metals prices that took place between August 2010 and April 2011 was a direct result of certain restraints placed upon JPMorgan and their interference with the Gold & Silver markets. The story was never told properly. My view at the time was of colossal Chinese purchases overwhelming the system. The system has had the capability to put on a seeming infinite load of naked shorts. The JPMorgan machinery has actually doubled its naked short position in the last two years. Nothing stops them, surely not regulators in their pocket. Well, except the natural forces toward greater randomness and lower potential energy. A great deal of attention has come to the bar inventory of GLD and SLV funds, in addition to the rules that guide the raids from their back door via stock share shorting practices. It will be interesting to see if Eric Sprott will acquire as source for new silver bullion for his Silver Trust the actual inventory from the SLV fund itself. What a coup that would be!
Internal word from the Monaco source who spoke with Murphy indicates that a repeat of August 2010 is soon to occur. JPMorgan is out of time, and their illegal devices will be halted. The event for release of the Gold & Silver prices could occur again in August. The actual enforcement is not clear. But be assured that forces pitted against evil are involved. The JPMorgan machinery might be stalled in ways unclear even to those informed within the gold community. Confirmation of the Murphy source has come from a highly reliable Jackass source. An exciting move is coming for the precious metals markets. Any delay to the revelations of criminal action in the gold market by JPMorgan will be a result of threats and intimidation by the big bank against the whistle blowers. My main hope is that as the price rises, the exposure of corrupt controls is also made more available for public view. The people must see what has occurred to both the gold market and the currency market. The potential energy is growing to incredible levels, as a corrupt lid has been placed on the true money of the world for seveal millenia, gold. The conflict and pressure will grow until the pressure spills over.