Cap’n! R Shields R Down!

This is actually pretty big news out of NASA. [link to NASA]

NASA’s five THEMIS spacecraft have discovered a breach in Earth’s magnetic field ten times larger than anything previously thought to exist. Solar wind can flow in through the opening to “load up” the magnetosphere for powerful geomagnetic storms.

“The opening was huge—four times wider than Earth itself,” says Wenhui Li, a space physicist at the University of New Hampshire who has been analyzing the data. Li’s colleague Jimmy Raeder, also of New Hampshire, says “1027 particles per second were flowing into the magnetosphere—that’s a 1 followed by 27 zeros. This kind of influx is an order of magnitude greater than what we thought was possible.”

The event began with little warning when a gentle gust of solar wind delivered a bundle of magnetic fields from the Sun to Earth. Like an octopus wrapping its tentacles around a big clam, solar magnetic fields draped themselves around the magnetosphere and cracked it open.

It is potentially disasterous if we were to get a CME (coronal mass ejection), such as I warned about possibly coming Nov 2011 +/-90 days. [My Predictions from Feb 2008]

Solar Flares vs Size of EarthI’ll take advantage of my brief  fling with astrophysics early in my college career to put this into layman’s terms.

The Sun has suddenly taken down Earth’s “shields”: kinda like when the Romulans get the deactivation code to the Enterprise’s shields. Suddenly the shields “drop,” exposing the starship to attack. Sure, “the ship’s in danger, Jim,” but only if the Romulans fire.

In the same way, our Sun has just blasted the Earth’s protective magnetic field with a dose of solar magnetism that has burned a hole four times wider than our planet. With our protective “shields” down, the solar plasma (energetic charged particles from the sun) have invaded Earth’s magnetosphere.

If we have really bad luck, a Coronal Mass Ejection (billion(s) of tons of solar material hurling at 1 million MPH+) could then sideswipe Earth, triggering power outages, huge auroral displays and disrupting communications (radio and satellite).

This actually happened to us on September 2, 1859. Here’s a glimpse of what it was like:

Stuart – Well, imagine this: two thirds of the Earth’s skies erupt with the most incandescent, blood-red aurora. The kind of things that you see in the sky usually when you go up to high polar latitudes.

Chris – So the whole sky just goes bright red like it’s made of blood?

Stuart – In this case, yes. That’s what most of the eye-witness reports suggest. Worse than that is there seem to be bolts of white light flaring upwards and exploding with silent brilliance in the heavens. It was just the most amazing cataclysm that engulfed most of the Earth’s skies.

Chris – This was the 1800s. People must have thought the Earth was coming to an end?

Stuart – They had absolutely no idea what was going on, at all. There was a sinister side to this story as well. At the time that the aurora lit the sky the telegraph network across the world went down. It stopped functioning and it stopped functioning in the most spectacular of fashions. Electrical currents surged along the wires into the offices. The sparks flew from the equipment, offices were set on fire, some of the operators were stunned unconscious. The whole of the telecommunications network (as the telegraph was at the time) was taken down. At the same time, every compass on the Earth went haywire. In an instant and for reasons unknown to anybody global communications and navigations just stopped. [more]

CME events can last for 24 hours or more, and can come with as little warning as 15 minutes. Here’s a video of one that occurred last week from the Navy’s site [link].

Hey, anybody got some tinfoil hats?

See also: Severe Space Weather

GATA Meets with CFTC

gata-ad-01-29-2008_smBill Murphy, chairman of GATA (Gold Anti Trust Action Committee), has sent out an update on his meeting with the head of the CFTC, supposed watchdog over market manipulations.

About 45 minutes before I was to leave for my meeting with Commissioner Bart Chilton of the U.S. Commodity Futures Trading Commission, this news hit the tape:

“Obama to appoint Gary Gensler to lead Commodities Futures Trading Commission — AP.”

Gensler is a former undersecretary of the treasury and assistant secretary of the treasury.

Gensler is a Goldman Sachs alum and a Treasury man. Obama is putting one of the key figures in the Gold Cartel scheme into the top role at the CFTC. Talk about the fox guarding the henhouse! But the bad news might be good news.

My meeting with Chilton went on as scheduled and lasted about 50 minutes. The surprise was that three others from the CFTC staff attended, including the deputy general counsel. One of the other staffers had already viewed the video of GATA’s Gold Rush 21 conference.

Chilton listened intently, took notes, as did one of the others, and asked many questions. I laid out GATA’s presentation. I am not going to get into all the details, as we will see what takes place in the months to come. But I chuckled when telling them that if they really wanted to comprehend what the gold price suppression scheme is all about, all they have to do is go to their new chairman — at the right time. No one knows what is going on better than he does.

I did not hold back. I said the main culprit of the Gold Cartel was our own government, which has been in league with bullion banks like JPMorganChase.

I also laid out how and why what is occurring in gold and silver could lead to a much bigger scandal if the price suppression scheme is not stopped — and that is because the Gold Cartel is running out of the gold needed to meet the growing annual deficit between supply and demand. [more]

Related:
GATA 2 March On D.C.
EZ Way 2 Tell If Obama Will B Different (this latest move reinforces my view he ain’t)

Vaporize COMEX 2008-12-19

Gold: 46.6% depleted. Delivery notices today: 3,600 oz.
Silver: 44.5% depleted. Delivery notices today: 95,000 oz.

Link to all Vaporize COMEX posts:
Vaporize COMEX Graphs

comex-countdown-gold-2008-12-19

gold-data-2008-12-19

comex-countdown-silver-2008-12-19

silver-data-2008-12-19

COMEX trades hundreds of times more gold & silver than they actually possess. If enough investors demand delivery of PHYSICAL gold & silver COMEX stockpiles will be depleted. If COMEX runs out, the ensuing rush to grab physical metal to settle contract obligations *could* be the spark that ignites the long-awaited precious metals wildfire.

Explanation:
COMEX warehouses contain both “registered” and “eligible” metals. The “registered” metals are available for physical delivery. The “eligible” metals are not ready for delivery until they become “registered.” Although this pool of “eligible” metals is stored at COMEX warehouses there is no obligation to “register” these metals for subsequent physical deliveries.

The graph shows:
1) the cumulative ounces of metal delivery notices this month,
2) the ounces of “registered” metal available for delivery,
The percentage shown is based on the cumulative physical metal delivery notices for the month against the “registered” amount of metal in COMEX.
“Eligible” metal inventories are not shown as they do not have a direct bearing on the inventory depletion ratio.

Sources:
[1] COMEX precious metals warehouse stocks:
gold: http://cmegroup.com/trading/energy-metals/files/Gold_Stocks.xls
silver: http://cmegroup.com/trading/energy-metals/files/Silver_Stocks.xls
[2] COMEX precious metals daily delivery notices: http://cmegroup.com/trading/energy-metals/files/delivery.pdf

More info:
Gold: Is This It, NOW?
Attack of COMEX Gold & Silver
How 2 Track COMEX Deliveries
Sinclair Sez “Help Me Bust Comex”
This Guy Plans 2 Kill “Paper” Silver
COMEX: Taking Delizery Is EZ