Naked short in gold AND silver

There is one sure way that the people will never ever again be able to affect the money and credit policies that dominate their lives -- the way of global currency and world government. World Government is the very black-hole end of representation of the people's interests. World currency -- or regional currencies above national control -- are the token economies of the inmates incarcerated in institutions -- in this case the global-plantation debtors prison.

From: Dan Breeden
To: Dick Eastman
Sent: Saturday, April 11, 2009

Dick, there is six times as much paper silver as physical silver. It's supposed to be about the same for gold. Everybody just traded paper not worrying about the physical metal.

The BIS just released a report that proved that they had listed $ 190 billion in silver derivatives that they didn't have. $ 190 billion worth of naked silver contracts. Then recently in an article that you forwarded to me, it proved that Deutches bank had sold $ 25 million worth of gold that they didn't have. The ECB had to cover their naked asses.

EVERYONE is starting to take physical delivery. COMEX doesn't have very much unallocated gold. The US mint is producing the bare minimum. Perth is generally out of silver,, Canada is way behind. Austria has some because it's taxed a bunch.

If/ when they re-instate the uptick rule, all the big shorts will collapse.

http://jsmineset. com/index. php/2009/ 04/09/the- coming-end- of-naked- pool-and- no-uptick- short-selling- effectiveness/
Cannibalism in the stock market has been VERY profitable. The pools gang up on a stock and make tons of money crashing it after they caused the crash by shorting. Obama might not like to see the BIG banks get caught naked in metal but, there isn't any hope for the market as long as un-regulated shorting continues.

Physical deliver accounted for about 5% of traded contracts on COMEX. Now, it's way up. It's only a matter of time until some big player can't cover his physical demand. The central banks have been dumping physical gold for years. GATA recons that there are 11,000 too many tons of gold in the system. It's probably true because GOLD is tracked like nothing else.
That would imply that the central banks are 11,000 tons short. On Prison Planet, they show a link to the treasury dept where the dept has reclassified 7400 tons of gold from "currency backing" to deep storage. What does that tell you?

The price of metal right now is very cheap because GOV can't allow gold to show how bad paper has become. For over a thousand years you could buy 1 oz of gold with only 15 oz of silver. It's now at 56. Because of industrial demand, there is reportedly more above-ground gold than above-ground silver.

One must remember that Germany and China were both on the silver standard.

If / when metal is caught naked, silver has plenty of history as money.

As the depression worsens, more people will take delivery of physical metal. The COMEX price is artificially low. The standard investment bar is 1,000 oz and sells for the COMEX price,,, which is cheap. There are plenty of people willing to pay a premium for 100 oz bars. The metal dealers make it difficult to take possesion of 1000 oz bars. SO, enterprising people are buying the 1,000 oz bars cheap and re-casting them to 100 oz bars and reaping the premium.

All of this is eating away at the physical supply. Many lead, copper and zinc mines have shut down from lack of demand. The silver that they produced as a byproduct is no longer being produced.

The price of metal right now is cheap. Once all the paper metal is sorted out, the price will shoot up. There is also a new ETF for palladium and platinum. As bonds crash, people will be scurrying everywhere looking for something tangible to invest in.

It's great to invest in metal in case of a collapse. I would also invest in diesel fuel.

Dan