Silver explodes/middle east problems continue/documents released by Fed showing gold involvement

Harvey Organ Saturday, February 19, 2011

Silver explodes/middle east problems continue/documents released by Fed showing gold involvement

 

Prepare To Give Up All Private Data For Any Gold Purchase Over $100

Submitted by Tyler Durden on 02/18/2011 20:59 -0500

A week ago, when we reported on a move by the Dutch central bank that ordered a pension fund to forcibly reduce its gold holdings, we speculated that "this latest gold confiscation equivalent event is most certainly coming to a banana republic near you." And while we got the Banana republic right, the event that we are about to describe is not necessarily identical. It is much worse. A bill proposed in the State of Washington (House Bill 1716), by representatives Asay, Hurst, Klippert, Pearson, and Miloscia, whose alleged purpose is to regulate secondhand gold dealers, seeks to capture "the name, date of birth, sex, height, weight, race, and address and telephone number of the person with whom the transaction is made" or said otherwise, of every purchaser of gold in the state of Washington. Furthermore, if passed, Bill 1716 will record "a complete description of the property pledged, bought, or consigned, including the brand name, serial number, model number or name, any initials or engraving, size, pattern, and color or stone or stones" and of course price. But the kicker: if a transaction is mode for an amount over $100, which means one tenth of an ounce of golds, also required will be a "signature, photo, and fingerprint of the person with whom the transaction is made." In other words, very soon Washington state will know more about you than you know about yourself, if you dare to buy any gold object worth more than a C-note. How this proposal is supposed to protect consumers against vulture gold dealers we don't quite get. Hopefully someone will explain it to us. We do, however, get how Americans will part with any and all privacy if they were to exchange fiat for physical. And in a police state like America, this will likely not be taken lightly, thereby killing the gold trade should the proposed Bill pass, and be adopted elsewhere.




The Real Crisis That Will Soon Hit the US

 

 

 

As Speculative Bullish Bets Surge, Is Rice The Next Silver (And Manipulated In Kind?)

Submitted by Tyler Durden on 02/18/2011 18:23 -0500

When we reported on last week's net spec contract position per the CFTC, we noted that speculators are expecting a roughly 50% hike in the price of rice based on comparable historical patterns. Updating for this week's data confirms that the upside price bets, which increased from 6,652 to 7,114 have just surged above the previous top hit in late 2009, of 6,773. Yet they are still just shy of the all time highs from February 2008 when they stood at 7,883. As the spec activity in rice predates major price moves rather efficiently, the continued bets on a price surge mean something is bound to snap. And with rice prices continuing to be rather sticky, considering the move in all other grains, we may be in for a very major break out in the coming week. Or not: as we have now learned the hard way, the banking cartel has way to keep commodity prices low, until explosive break outs confirm that one can only manipulate a price down for so long. With recent disclosures by Wikileaks that China had been imposing pressure on the Treasury and the US banking system to get what it wants, is it too surprising to assume that just as JPM has long been manipulating the price of silver, so Chinese interests in the US (remember - quid pro quo in a M.A.D. world) have been instructed to keep the price of Rough Rice as low for as long as possible. 

 

 

 

 

World On Fire - Mapping Last Week's 88 Global Protests

Submitted by Tyler Durden on 02/18/2011 17:31 -0500

Feeling like the entire world is on the verge of a global revolution? It's understandable. According to the attached interactive map, based on Google News data, in the past week, there have been 88 reported instances of protest somewhere in the world. How much of this is due to snow, and how much is due to Bernanke's increasingly more genocidal policies (has anyone done a tally of how many people have died in various riots, protests and revolutions since the beginning of the year - perhaps it is time) is unknown and irrelevant. All that matters is to buy (sorry, BTFD no longer works as there just are no Ds anymore).

Comex gold, silver margins raised 50%; and Wash. state might fingerprint gold buyers

 

Fill your pantry Full Today... Buy what you eat... and eat what you buy... Rotate, Rotate, Rotate... First In First Out...