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All Signs Point to Big Financial Crash in 2016

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HolterGreg Hunter – Financial writer Bill Holter says there are many signs that are signaling big trouble. Holter’s list starts with the troubled banking giant Deutsche Bank and says it is his top candidate for the next Lehman style financial meltdown.  Holter explains, “It would make sense that they are the candidate because, as you know, they had a recent settlement in the gold and silver fix.  So, they may get thrown under the bus.  The only problem is if they get thrown under the bus, there’s going to be a bomb that blows up the whole bus.”

So, can we make it out of this year without a big financial crash? Holter contends, “I don’t see how.  There is the potential unrest all over the world.  You have “Brexit,” and now the polls are saying that’s going to happen.  That’s going to absolutely dislocate Europe.  You have the U.S. election, and no matter who wins, I would say there are going to be riots.  There will be riots no matter if Hillary wins or Trump wins.  You will probably see rioting going into the election.  You also have the tragic event in Orlando, and it’s common knowledge that ISIS says it is going to be doing this all summer long.  So, you got all kinds of potential dislocations.  I don’t see how we get to next year with the can being kicked down the road.”

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This Has Never Ever Happened Before At The Comex [Audio]

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SGT Report – Last Friday’s NFP report seals the deal, the US economy is on life support and now the Federal Reserve absolutely CANNOT raise interest rates because if they did it would cause “a global currency crisis unlike the world has ever seen” according to Miles Franklin’s Andy Hoffman.

And against the backdrop of a crashing US economy that is doing anything BUT “creating” jobs, we have seen inventory levels of precious metals at the Comex crash to an never before seen level. Thanks for joining us as we document the collapse for the first week of June 2016.

SF Source SGTreport.com  Jun 2016

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COMEX Default Is Coming Soon

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holter Greg Hunter – According to financial writer Bill Holter, we are getting to the end of the gold and silver price suppression game. Holter contends, “Because the inventories are so small, silver and gold registered categories (at COMEX) total about $1.2 billion.  That’s nothing in today’s world.  That’s less than one day’s interest the U.S. pays on its debt.  I don’t see this going for a long time because inventories are so small. . . .

This whole suppression game on gold and silver was brought about to protect the reserve currency, the dollar, because gold is a direct competitor with the dollar.  If the silver market blows up, and I shouldn’t say if, it’s when the silver market blows up, that’s going to blow the gold market up, and that is basically going to expose the fact the West is a fraud, that the gold and silver markets were a fractional reserve Ponzi scheme.  That’s going to blow confidence, and you are going to see derivatives blow up all over the world, and markets will be closed in a couple of days.”

Holter, who is also an expert on gold, goes on to warn, “The world runs on credit, and you going to Walmart or a grocery store each week, the stuff doesn’t appear on shelves, it gets there by several layers of credit. . . .

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Fraud at COMEX Covering Up Huge Demand for Gold – Craig Hemke

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HemkeGreg Hunter – Financial expert Craig Hemke says not only is the 300 to 1 leverage at COMEX “extreme fraud,” but it also is a sign of record demand for physical gold. Hemke explains, “We have been at this number now for a couple of months. . . . Meaning that for every one physical ounce of supply in the vaults of COMEX, there are 300 beneficial owners. 300 paper ounces have been created. That leverage, that stress is telling us something. You get the anecdotal stories about the empty vaults of London and the stress of the gold that is flowing out of the vaults of London and out of the U.S., out of the UK and into Switzerland. There are stories of the refiners running 24 hours a day, 7 days a week, taking the old 400 ounce gold bar and . . . recasting them into kilo bars and shipping them to the East where the demand is. . . . It’s huge fraud to cover up huge demand. There is no doubt about it.”

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Hemke goes on to say, “I think we are finally starting to run out (of physical gold).   There are all these data points, but I can’t look at it and say, therefore, by Thanksgiving, all hell is going to break loose and the system is going to break. I am not going to tell you that, but what I will tell you, I am perfectly comfortable owning gold, and I have been perfectly comfortable accumulating it for the last three years while the price falls because I know this system is eventually going to fail and, when it does, the result is going to be spectacular.” Continue reading →

Did The FED Just Save The COMEX From Default? [Video]

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comexSGT Report – Andy Hoffman from Miles Franklin is back to help document the collapse for the second week of June, 2015. And the evidence of collapse is everywhere.

This past weekend Anshu Jain and Jürgen Fitschen, Deutsche Bank’s co-chief executives both resigned unexpectedly. With Deutsche Bank holding the second largest derivatives portfolio in the world, second only to JP Morgan, one must wonder if a sudden move in interest rates and Deutsche’s derivatives position is to blame.

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Adding fuel to the collapse fire is the recent report from Avery Goodman that the FED, via JP Morgan appears to have bailed out the Comex with just enough physical gold to meet physical delivery demand on or around June 1st. The Comex faced net claims of 550,000 troy ounces against only 370,000 registered ounces left in the warehouses. The Comex registered inventory is at an all-time low, and the smoke coming from the warehouse suggests the end is near. We cover that and much more, thanks for joining us.

SF Source SGT Report  June 2015

Did COMEX Just Receive A Physical Gold Bailout From The Feds?

Summary

  • On June 1, 2015, JPMorgan added almost exactly enough ounces of physical gold to patch the deficiency between supply and delivery demand at COMEX, avoiding widespread dealer default.
  • Declassified documents, along with strong circumstantial evidence indicate that it was not JPMorgan, but its most important customer, the US Federal Reserve, that just bailed out COMEX.
  • The deficit in world physical gold supply will be at least 606.1 tons in 2015, but may be much larger, and similar incidents are likely in the future.
  • The deficit in world gold supply versus demand will grow much larger in 2016 and beyond.
  • Even if the entire remaining US gold reserves were mobilized, prices could not be permanently held down to current levels, making gold and gold mining stocks a good deal now.

In an article dated June 1, 2015comex, I pointed out that COMEX clearing members had gotten themselves to the edge of a widespread default on physical gold delivery obligations. They faced net claims of 550,000 troy ounces against only 370,000 registered ounces left at the COMEX warehouses. That left a deficiency of 170,000 ounces, or 5.29 tons of gold.

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