Gold

We can’t speak about the manipulation of the gold price today without understanding the derivatives market. Right after the crash of 2000 in the stock market I became alarmed by the exponential increase of derivative products but especially by the complexity of those products.

New charts which show the daily/weekly/monthly flows in & out of the warehouses for gold and silver.

Chris Powell has covered many aspects of the Western gold price suppression scheme last week on "The Larry Parks Show," broadcast on the Manhattan Neighborhood Network in New York.

The Hong Kong Imports into China are only a fraction of the gold delivered through the SGE.

An unexpected precipitating event like a black swan event in this uncertain environment will push gold and silver up with a quantum leap with gold leading. The geopolitical and economic environment in the last few months was in my view the calm before the storm.

Net gold imports into China via Hong Kong were 27 tonnes for the month of August.     The Hong Kong route has gone from being the major source for Chinese imports to a minor one as can be seen in the second chart where SGE Withdrawals were almost 190 tonnes for the month of August....

On 30 November 2014 the Swiss People has the opportunity to determine not just the fate of their own financial system but also to be the catalyst for the return to sound money in the Western World.

Parabolic moves always end in capitulation. Is it possible to go even further into this panic selling which now seems to feed itself, with long-term investors capitulating?

Gold holdings fell 0.54 m/oz for the week whilst silver holdings rose 2.4 m/oz.

It appears that the PM's put in a cyclical bottom today which if it is the case then we now have a tripple bottom in place for gold - a rare event.