Loading ...Looks like the Michael Lynch observations have played out for the most part – where the cabal was forced to deliver on more than 8.8 million ounces yesterday – a doubling of the previous all-time record.
Gold Futures Volume & Open Interest – CME Group
That was a doubling of what they were expecting just the day before.
Needless to say this has got to have them worried.
If this kind of thing were to keep building it would not take long to be talking about a run in spite of their continuing efforts to downplay that is exactly what is happening.
What’s more, silver is much more vulnerable from a supply perspective, with only approximately five months of supply at the LMBA before their available inventory would be completely exhausted.
This is the weak link in the entire cabal’s three card monte game they are playing with the world.
The only question is how long it will take for their coming out party.
There’s a good chance it’s only months now – if not weeks – as there are no stockpiles left to raid except SLV.
SLV has been acting as their supply relief source for some time now – but there are limits to the theft – I am sure.
And if they seize SLV – well – that would be worse.
They would have to pay out the unit holders (or the ‘system’ would collapse) – where many unit holders (hedge funds) would immediately take the proceeds and come into the futures market – completely wiping out all available supply assuming there is any left by then.
Theft on this scale is hard to hide – and they are fully exposed now.
It’s coming faster than most think.
Mornin all