Sinclair Sez “Help Me Bust Comex”

Jim Sinclair, leading gold expert and hero, asks all of us with the means to “Take A Stand Against Comex Gold Price Manipulation.”

His letter from this evening:

Dear Friends,

I, like yourself, am fed up with the gold bank’s ownership of the gold price via paper instruments. Therefore I respectfully ask those that can afford it to purchase as many Comex contracts as you can afford to take delivery of and do so.

Accept my assurance that I will take delivery of Comex 100 ounce bars on every delivery month from this day forward.

Respectfully yours,
Jim

How close is COMEX to going bust? Answer: Vaporize COMEX CountDOWN

John Embry has warned:
Warning: COMEX May Default on December Gold 

Bob Coleman is doing the same for silver:
This Guy Plans 2 Kill “Paper” Silver

You can check COMEX deliveries online:
How 2 Track COMEX Deliveries 
Gold: Is This It, NOW?
Attack of COMEX Gold & Silver

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Humor: Tunnel

Alert: Poisoned Halloween Candy

A professional toy designer, Mike Mozart, has just posted a video warning about Halloween candy that is poisoned with melamine. If your kids eat this they may suffer kidney problems. Your kids may even die. 

Melamine is a low-grade poison that the body can’t flush out easily. Like lead, it builds up in the body, especially the kidneys. It may not be immediately fatal. It is very dangerous over time, as it builds in concentration. It is most dangerous to younger children who have less body mass.

This is potentially very serious.

You have probably heard of Chinese manufaturers deliberately adding melamine to infant formula and, last year, pet food. (Melamine tests as “protein.” It’s cheaper to add this low-grade poison to food than real, natural protein.)

It killed and injured thousands of children there.

What you don’t know – because the FDA and others don’t want you to know – is that as much as 20 million TONS of Chinese manufactured milk powder and products containing milk powder were imported into the US from China this year.

Read the next part very carefully:

The US…is the ONLY country (including China)…

that has NOT pulled food products containing milk powder manufactured in China off its shelves.

Please re-reread the previous paragraph carefully.

The person blowing the whistle on this is an expert in toy manufacturing who stumbled on this while researching this season’s Halloween candy offerings. He has found candy manufactured in China with milk powder widely being sold in US stores, like Target.

What to do: check the candy packaging for “Made in China” AND for one of these ingredients “Milk Powder,” “Milk Protein,” “Lactic Acid,” or “Casein.” If found, DO NOT BUY and if your kids get some for Halloween DO NOT EAT.

These are the ingredients that were contaminated with melamine and melamine scrap. Melamine scrap may have included industrial solvents, chemicals and petroleum additives. It’s dangerous stuff. We had a friend whose chocolate lab was killed by tainted dog food last year. It was sad to hear him describe how Taffy whimpered and, finally, succumbed to the poisoned dog food. [more]

Please email this to anyone you care about. 
I created a special “short link” to make it easier to read over the phone:
www.tinyurl.com/6r2ly4

Humor: Scariest Roller Coaster

Roubini Sez “Panic May Force Market Shutdown”

Nouriel Roubini is a NY Univ Economics Professor and former senior adviser to the U.S. Treasury Department. These comments are from the Oct 24 article in Bloomberg.

Roubini predicted in July 2006 that the U.S. would enter an economic recession. In February this year, he forecast a “catastrophic” financial meltdown that central bankers would fail to prevent, leading to the bankruptcy of large banks exposed to mortgages and a “sharp drop” in equities.

At a conference in London on Friday he said, “We’ve reached a situation of sheer panic. There will be massive dumping of assets” and “hundreds of hedge funds are going to go bust.’

“Systemic risk has become bigger and bigger,” Roubini said at the Hedge 2008 conference. “We’re seeing the beginning of a run on a big chunk of the hedge funds,” and “don’t be surprised if policy makers need to close down markets for a week or two in coming days,” he said.

“This is the worst financial crisis in the U.S., Europe and now emerging markets that we’ve seen in a long time,” Roubini said. “Things will get much worse before they get better. I fear the worst is ahead of us.
[more]

This Guy Plans 2 Kill “Paper” Silver

Bob Coleman, a physical gold and silver bullion fund manager in Idaho, says he’s ready to take on COMEX and break the back of “paper” silver. He has sent legal notice to the CME/COMEX and CFTC (the regulators overseeing COMEX trading) warning them of his intention to take physical delivery of  between 1 million and 5 million ounces of silver per month.

His letter, in part. (Click it to read more.)

Bob talks about his intentions, “Our programs are determined to follow the rules of the exchange and take physical delivery of their inventory for as long as possible. The structure of our programs and vaulting facilities are very unique and have been designed to fully insure and segregate all physical precious metals. The storage is independent from the financial and bullion dealer system. We specialize in providing private storing, safeguarding, and viewing of your assets. We have made arrangements with armored transportation carriers to pick up, transport, and store the metal to many of our available vaults.”

If Bob follows through, and you and I should hope he does, his actions could finally break COMEX’s back and stop the illegal manipulation of the silver market. If industrial users of silver are unable to “get physical” expect the price to explode as they scramble to meet their needs.

My aside: It is no secret that the “paper” price of silver and the “physical” price of silver no longer match up. COMEX has “paper” silver pegged at $9.36/oz as I write this, but it is impossible to purchase “physical” silver at this price. eBay has become a more accurate indicator of silver’s true price. (Click the image to get a list of the most recent sale prices of Englehard & Johnson Matthey 100 oz bars on eBay.) Current eBay pricing is running $13.01/oz to $14.92/oz.

Let Bob know you support his efforts! Contact him at 208-468-3600 or at profitsplus@cableone.net.
Go, Bob, go!

Let’s join Jim Sinclair and Bob Coleman and BUST COMEX gold and silver!

Vaporize COMEX CountDOWN

Sinclair Sez “Help Me Bust Comex”
Attack of COMEX Gold & Silver
Warning: COMEX May Default on December Gold
How 2 Track COMEX Deliveries
Gold: Is This It, NOW?

◊◊◊◊ Now: Gold @ $733.10, Silver @ $9.36, USDX @ 86.37 ◊◊◊◊
◊◊◊◊ Now: DJIA 8,378.95

Humor: What’s Gripping the Market?