US-Edelmetallhändler können Kursrisiken nicht mehr hedgen – Bill Holter: Tick Tock…They Pulled the Pin!
We heard on the 20th that Morgan Stanley was exiting this market, then on the 25th it was JP Morgan’s turn and now this week it is others. These firms are “ECP’s” who ultimately take on the risk. I should rephrase that…they WERE the ones who took on the risk as they are now exiting the business.
So I asked, “How can you still do business without hedging?” to which I found out that so far this week almost ALL of the hedging has been done through Europe, particularly for silver. There is liquidity…just not any coming from the US. He also told me that between 2:00PM and 5:00PM this week he was not able to do any silver hedging at all because there was nowhere to hedge as Europe is sleeping.
Nur mehr über Europa ist es noch möglich. Die US-Investmentbanken sind ab 20. Juli ausgestiegen, da ihnen das Risiko eines explodierenden Goldpreises zu gross geworden ist. Das Ganze geht bald hoch.WE.
[20:30] Mehr dazu: Late Breaking News You Don’t Want To Miss
Ohne Hedging geht der Retail-Markt unter.
[19:00] Goldmarkt kurz vor dem Umfallen: On ‘Keiser Report,’ bullion trader Maguire describes run on the London gold banks
Interviewed yesterday by Max Keiser on the “Keiser Report” on the Russia TV television network, London bullion trader and silver market rigging whistleblower Andrew Maguire said there is a run on the London bullion banks, that the Federal Reserve’s big dumping of paper gold in April bought a little time for the banks but only increased the offtake of real metal from the grossly overleveraged fractional-reserve gold banking system, that the Bank of England is advancing metal into the London market every day to avert defaults, that the United Kingdom’s gold sales begun in 1999 were undertaken to rescue gold short Goldman Sachs, and that the Western gold banking system is now in the same short squeeze that threatened it 14 years ago.
Die BoE wirft offenbar das Custody-Gold anderer ZBs in den Markt.
[9:00] Wenn das wahr ist: Jim Willie: Bullion Banks Have Pilfered 60,000 Tons of Gold From Allocated Accounts!
The Doc sat down with Jim Willie for the 2nd part of an explosive interview this week discussing the likelihood of a coming bank failure contagion, and multiple signs of an impending implosion in the gold market.
Willie made the shocking claim that upwards of 60,000 tons of gold have been pilfered from ALLOCATED gold accounts by the bullion banks, & stated that the bars have been recast to remove the evidence, and are now physically held by Eastern parties such as William Kay’s hedge fund.
Willie stated that the allocated gold account theft scandal will break soon, and could be the largest bank scandal in history.
Willie discussed the current gold shortages amidst unprecedented global demand and stated that the COMEX & LBMA futures price for gold is becoming a farce as their is not enough physical gold to clear demand!
The Golden Jackass also discussed the likelihood that the next Western bank to fail will trigger a massive contagion throughout the Western banking system, potentially bringing even Goldman Sachs and JP Morgan to their knees!
Warum holen die Idioten nicht ihr Gold aus den Goldlagern des Kartells?