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It’s
early Sunday morning, and I’m sitting in the San Diego Airport awaiting
my flight home. By choice, I am sitting in the same seat – at the same
gate – as the last time I was here, on Sunday night, May 1st, 2011
– i.e. the “SUNDAY NIGHT PAPER SILVER MASSACRE.”
I had just
finished a relaxing weekend with my former employers – the fantastic
guys at Torrey Hills Capital – and sat down in this seat at roughly
3:30 PM PST to surf the net. Silver had closed that Friday at $49/oz -and gold at $1,575/oz
– and after a long nine-year battle with the Cartel, it finally
appeared the tide was turning. The mining shares – where I held roughly
70% of my net worth at the time – had strangely peaked a few weeks
earlier, but nothing could get me down, particularly as the 30% of my assets
in PHYSICAL gold and silver were soaring.
That is,
until I looked at PM prices, particularly the $6/oz
WATERFALL DECLINE in a 17-minute period in the wee hours of the Asian
morning. At first, I thought it was a misprint, but my gut knew it
wasn’t. I had watched the Cartel’s “bad PM
resolution” stratagem for too long – in other words, if silver
was up $6/oz, you can bet it was a misprint, but if
down by that much, you can bet it was real.
When my
flight landed in Denver that evening, silver had recouped half its losses.
Subsequently, the Cartel responded with the “2” of their
“1-2 punch,” the conveniently timed “bin Laden
killed” announcement from none other than the President himself. Yes,
an incredible coincidence, to say the least! Late on a Sunday night –
with Chinese markets closed for a holiday – just hours after
silver had been mysteriously attacked with a barrage of naked PAPER short
sale orders.
Osama bin
Laden had been at large for nearly ten years, having never been seen in
public since the 9/11 attacks. Sure, a few videotapes had been released over
the years, but none in some time, with those available (if they aren’t
government forgeries) difficult to authenticate. The preponderance of
evidence suggests he died years earlier, and the fact that he had never been
found by the most comprehensive, technologically advanced search operation
EVER pretty much validated that conclusion. However, just as silver –
the Achilles Heel of the global monetary system – was about to complete
a massive breakout from its 1980 highs, he suddenly was found!
Better
yet, we are told his body was dumped in the ocean, leaving us to TRUST the
U.S. government that this event actually occurred, the supposed end of the
“War on Terrorism.” Let’s not forget this faux war
was catalyzed by what appears to have been U.S. government-planned attacks on
its own landmarks, and that the reasons for invading Iraq – its
“Weapons of Mass Destruction” and a connection between Saddam
Hussein and al Qaeda – were long ago admitted to have been
false. Yet again, a preponderance of jaw-dropping LIES and PROPAGANDA so
flawed, it is amazing that ANYONE still believes ANYTHING the U.S. government
says – such as the scientifically-flawed accounts of 9/11 itself!
Given that
the below article was forwarded to me last night, this RANT is particularly
well-timed. Apparently, during an unpublicized 2008 lawsuit claiming
the official government account of 9/11 was fraudulent, one of the most prominent
pilots in U.S. history was brought in as an expert witness. John Lear, 65
years old and son of the inventor of the Lear jet, was a commercial, cargo,
and military pilot for 40 years, with as much certification as a tenth-degree
black belt, the latter of which takes more than 50 years to achieve. Based on
the credentials listed up front, you will be quite confident he knows more
about flying than perhaps any living person.
I
witnessed 9/11 from just blocks away, and in fact
worked at Cantor Fitzgerald when the first WTC attack occurred in February
1993, having walked down 105 floors of smoky stairwells – amidst
countless panicked people – many of whom died in the second attack
eight years later.
When the
first “plane” hit, I was in my office at Salomon Smith Barney, on
the 35th floor of the Traveler’s building roughly 20 blocks away. My
fellow employees stood by the window and watched the fire burning for some
time, and the next thing I remember was hurrying down the stairs because
another “crash” had occurred at the second tower. Again, my
memory is fuzzy, but I am quite certain I never saw a plane hit the second
tower, as certain as John Lear is that such an occurrence was not physically
possible.
9/11
Airplane Affidavit By John Lear, Son Of Learjet Inventor
Since that
fateful day, I have watched dozens of videos regarding 9/11 – including
two of the best – 9/11 Conspiracies and Loose Change.
Given my bent for science and logic, I have ZERO doubt it was
an inside job planned with the aid of unlimited financial, military,
and political capital. I also have essentially ZERO doubt bin Laden was dead
long before May 1, 2011, with the government having “saved” the
announcement of his death for a politically expedient – or NECESSARY
– time, such as the imminent breakout of silver past $50/ounce.
I, and
numerous silver experts, have long written of supply shortages experienced
when the Cartel pushes PAPER prices too low – as in October 2008 and
September 2011 – as confirmed by the experience of Miles Franklin, one
of the largest bullion dealers in America. Conversely – demonstrating
its supreme price inelasticity – global silver supply was
essentially depleted in April 2011, as the price surged toward $50/ounce.
In my
April 28, 2011 RANT below, I noted how the only “available for
immediate delivery” supply I could locate were a handful of silver
Eagle monster boxes (500 ounces) offered at roughly $67/ounce. In other
words, not only was the PAPER price about to blow through $50/oz like a knife through hot butter, but the ENTIRE GLOBAL
SUPPLY was on the verge of being wiped out – which could have easily
catalyzed the frenetic “no offer” scenario I have long forecast
will mark the end of the “fiat era.” In other words, the Cartel
was desperate to push the price down, and “desperate times
necessitate desperate measures.”
Ranting
Andy: Alert! Alert! APMEX (and Likely Nearly All Mints) Out of Silver
Even on
May 8th – a week after the “MASSACRE”
– I described how premiums soared to more than 60% above the
“spot price” due to fear that PHYSICAL buying would
overwhelm the Cartel, yielding an end to meaningful supply. Following that
experience – coupled with the MASSIVE supply depletion when the Cartel
briefly pushed silver below the KEY ROUND NUMBER of $30/ounce following
September’s “OPERATION PM ANNIHILATION” and, subsequently,
during December’s “OPERATION PM ANNIHILATION II” – I
concluded the Cartel was “boxed in,” in that PHYSICAL demand
would overwhelm them if they attempted to push silver below $30 oz; or, conversely, if they allowed it to push up towards
the “ULTIMATE
QUADRUPLE TOP BREAKOUT” at $50/ounce.
Ranting
Andy: Alert! APMEX, Overwhelmed by Physical Buying, Ran Out of Silver Eagles!
I’m
not sure many even remember the “bin Laden death fraud”
was announced the evening of the “MASSACRE,” as the Cartel
“mob hit” was so blatant as to overshadow any news.
However – as was the case during the “LEAP DAY VIOLATION,”
when Bernanke’s meaningless speech was used as cover to attack PAPER
PMs – clearly the “bin Laden death fraud” was used as cover
for the “SUNDAY NIGHT PAPER SILVER MASSACRE.” No matter that it
occurred several hours before silver plunged – or that the
following afternoon, silver had recouped nearly ALL its losses, before being
brutally attacked again at EXACTLY 12:00 PM EST to make sure the
“deed was done.”
In fact, gold
actually went POSITIVE for the day at EXACTLY 12:00 PM EST – the
“cap of last resort” – before the Cartel went into hyper
drive, naked shorting millions of PAPER ounces to push the price back
down, including an incredible $16/oz “CRYBABY
ATTACK” just minutes before the NYSE close to make sure the MSM
would print articles like “gold down on bin Laden death.”
Readers
are now aware that one million PAPER gold ounces were sold the second
Bernanke spoke during last month’s “LEAP DAY VIOLATION”
– plus an incredible 375 million PAPER silver ounces. One
million PAPER gold ounces dumped at once is bad enough, but just represents
2% of annual global production, while 375 million PAPER silver ounces
represents an incredible 50%, indicating just how desperate the Cartel
was to attack the financial system’s “Achilles Heel.” Keep
that fact in mind – as well as the entire “SUNDAY NIGHT PAPER
SILVER MASSACRE” operation – when you consider whether silver at
a measly $33/oz is worth “investing”
in.
Before
concluding, I want to emphasize one final point. From roughly 2003 to 2008, any
time gold and silver prices started to rise too
sharply, TPTB would trot out their two tried and true “gold
killers” – the potential for “IMF gold sales” and
“rumors” of bin Laden captures. Not that either of these events
are in the slightest bit “bearish” for gold; however – as
during the “SUNDAY NIGHT PAPER SILVER MASSACRE” and “LEAP
DAY VIOLATION” – they were used as cover to attack PMs,
with the end goal of getting the MSM to publish headlines correlating the two
(a strategy, by the way, used during essentially all NFP payroll report
days).
In the big
picture, bin Laden’s death did not prevent gold from hitting a new
ALL-TIME HIGH just four months later – and silver $45/oz before both were attacked in a series of “named
storm” blitzkrieg attacks this Fall and Winter. In fact, gold is
nearly $150/oz above its “SUNDAY NIGHT PAPER
SILVER MASSACRE” level; and, per the above commentary, had actually
recovered all its “bin Laden killed losses” just 15 hours
later. As for the IMF’s vaunted 403 tonnes
gold, it was sold to India in late 2009 at the above-market price of
$1,050/oz – worth a whopping $13
billion at the time – essentially a day or two of U.S. government MONEY
PRINTING.
Today,
there are no more bin Laden’s to kill, and no more IMF gold to sell
(the rest is encumbered, i.e. double-counted reserves of IMF members). All
that’s left is brute force in the PAPER market, a strategy that
has FAILED for a dozen years, and will FAIL for at least a dozen more.
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