Friday, April 26, 2013

PAPER GOLD PONZI

Its why you are being destroyed in the paper market right now. THERE IS NO GOLD! Egon von Greyerz said to day on KWN....The attack in the paper market was always doomed to fail in the light of unprecedented demand and major shortages in the physical market.  If you look at the Shanghai gold exchange, deliveries from January are 1,030 tons.  That (1,030 tons) is against world gold production for the same period (since the beginning of 2013) of only 934 tons.  That is absolutely astonishing volumes (of physical gold demand) you are talking about in China.

If you look at JP Morgan, their eligible gold, which is the stock they can deliver, has been down 65% just in the last couple of days.  And COMEX, their stock is also down to about half of what it was over a year ago.  Premiums now in Singapore are up $3 per ounce.  If we now look at the Swiss refiners, remember Swiss refiners refine 70% of the world’s gold, the Swiss refiners are increasing premiums substantially. 

They (Swiss refiners) already increased it (premiums) once, and they are increasing it again, and they can’t keep up with production.  They are producing 24 hours a day, 7 days a week.  Some refiners have major delays now, up to four weeks, because they can’t keep up with demand.

Now as an investory/zombie how do you avoid the scrap heap of the greatest collapse in history. Oh....wait.....you ask...what collapse? So you still don't think we are in collapse because you can still go to Starbucks and stand in line while the zombies stand in line for 5 dollar cups of coffee...or you go to Applebee's and there's a wait while hoards of zombies watch big screen TV's and swill cold beer. You my zombie friend are delusional. You my friend are ignoring what is happening all around many parts of THIS country NOT TO MENTION THE REST OF THE WORLD. Spain is in full depression and in full revolt. Same in Greece, Ireland, and Cyprus. Italy is entering depression this year as is Portugal and Slovenia. All of these countries will drag Europe and the rest of the world into recession then depression. Western banking powers are looking for wars to stimulate economies and trying to avoid all out nuclear exchanges (limited exchanges acceptable so watch out).

We are NOT in obvious depression because we enjoy a currency that still (albeit barely) retains the status of the world's reserve. Imagine that .....the ability to print trillions of counterfeit FRNs and spend them on goods and commodities from ALL the other countries that have to recognize the dollar's status. AND YOU THINK WE ARE REALLY not that bad. ITS A PONZI!!!!! Not only is it a ponzi but it WILL END badly. Maybe you believe since its lasted this long it will go on MUCH longer than I or anyone else can possibly imagine. I hope you are right. No...I pray you are right. Here is why. When this collapses, you are going to be shocked about what is under the emperor's clothes. As we continue to employ more and more socialized solutions to our economic problems we are trapping ourselves in a potential calamitous outcome. Without a private sector to support the economy....there is NO FLOOR when the music stops. WHO pays for our massive private and government pensions. WHO pays for our health care. DON'T forget...the world has said YOU ARE NO LONGER THE RESERVE CURRENCY. YOU ABUSED YOUR PRIVILEGE. More and more trade swap agreements between nations are accelerating so don't expect the dollar status to go on for multiple years. These agreements portend a fundamental change nearing.

China is not accumulating thousands of tons of gold because it thinks it makes nice jewelry folks. WHO do you think is aiding the West's Central banks in suppressing the paper price of gold. China could end that suppression in a NANOSECOND!!!. THEY are part of the suppression. And don't you ever forget that all the non western Central banks are buying gold by the tons as fast as possible. Germany is trapped. They'll be the odd man out when they pull the plug. Their gold is in the bankers hand....probably already rehypothecated into kilograms and in far eastern vaults. gl getting it back.....EVER.

If you think that this gold suppression game can go on indefinitely then gl to you. My hope is we get one more nice flush as gold bounces off of the much ballyhooed breakdown level at 1500 or so. Carter Wirth was all over this gold short tonight on CNBS. Short gold as it bounces up to 1500.......So is Credite Swisse ...they issued a short Gold at that level. So they're lining up for the battle there. They're pushing this technical level in the MSM. Is it a set up for a short trap. Be careful jumping on obvious trades. I hope they do knock the hell out of gold one more time. I know the Chinese will not fight it, but can another takedown be tolerated by the bullion banks, the LBMA, and the COMEX?? This game is breaking down and I wonder if they can pull it off one more time. They are good though......aren't they. They make Michael Corleone look like a piker.











38 comments:

  1. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/27_Sprott_-_Incredible_Global_Gold_Rush_Triggers_$3,000_Target.html

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  2. From ZH poster and a must read
    A mate of mine asked me what's going on in Cyprus and Europe as a whole....kind of a pointless question without the Big Picture.

    Here is my response;

    Yeah, the more I read the bigger this whole game is…and it really is a game of winner takes all.

    You have many factions woven into several layers within the game. There are the countries around the world, there are the major financial infrastructures, there are the superrich entities, and there are the banking entities which stitch the layers together…which makes sense.

    The best way to think of them and how they interact is by way of a Venn Diagram (below), then this will all make much more sense.

    Take a simple Venn Diagram with 3 overlapping circles (A + B +C). Note that there are a total of 8 sectors including space outside the circles.

    http://upload.wikimedia.org/wikipedia/commons/7/7a/Venn_diagram_cmyk.svg

    Let’s say that;
    A = Are the countries of the world
    B = Are the major financial infrastructures of the world
    C = Are the banking entities of the world

    The next layer is where just two of the major players overlap;
    A/B = Military Industrial Complex and Major Corporations
    B/C = Central Banks
    C/A = Major Banks

    You can now see how every entity is affected by every other entity, to varying degrees!

    There is also another sector, right at the centre. This is the Superrich entities who own most of the real assets on the planet, such as a vast majority of Military Industrial Complex, the Major Corporations and the Major Banks, as well as most of the natural resources. Since the Major Banks own the Central Banks, then the Superrich own the Central Banks as well.

    Now here is where it starts to get a little grey…..

    Who is at the centre?

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  3. Well, there are at least three types of Superrich entities, they are;
    1. The ultra-wealthy families who have had money since at least the 1700s’. These families are well known historically but they are very well hidden today, so too is their money (Gold and something else).
    2. The Oil wealthy such as the Arab states. These are newcomers to the centre and their future is tied-up with the prosperity of their countries; if the country falls, so do they.
    3. The Oligarchical wealthy. More newcomers who have recently emerged from the end of the Cold War. These include most of the families which prospered from the Military Industrial Complex, like the [George] Bushs’, and Mafia type Oligarchs like Putin and his KGB mates.

    Ok, so that paints a picture of how all the visible entities fit together…..but there’s another layer. This is a very, very well hidden layer.

    Imagine that the Venn Diagram (the whole world) is drawn on a single piece of paper, well, who owns that piece of paper???

    I believe that the next and final layer doesn’t really have a name…but I’ll call them the Custodians! The Custodians essentially won 80% of the world between the 1300’s and 1700’s. They comprise of many or most of the Ultra-Wealthy entities dating back as far as the Black Venetian Nobility, the Templars, the Teutonic Templars, the Vatican, and later entities such as the Rothschild family.

    On the Venn Diagram these Custodians own most of the paper as well as the entire centre sector of the Venn Diagram.

    These Custodians own vast, vast sums of wealth, accumulated over centuries. I believe the sums would be in excess of $700 Trillion. HOWEVER, this figure is not a Dollar figure, or a Yuan figure, or even a Euro figure and this is why…

    When Rothschild created the Central Banking System he also created a layering of the system where, the Major Banks in each country owned the Central Banks from whom they borrowed the money. BUT, as with all systems it is built upon a network, and in the case of the Banking System and the entire Global Financial System it is built upon a framework (network) which is 100% owned by these Ultra-Wealthy elite families. It has been this way since the end of the Napoleonic War, where, Napoleon threatened the entire European Banking System as he believed in a Bank of France which lent money at 0% interest…he hated Banks, and Banks hated him!

    So the real question is, what is the framework, what is the network???

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  4. The Custodial Framework
    United Nations - Global Police
    World Bank - Global Lender
    International Monetary Fund - Global Debt Collector
    Intelligence - Custodial Eyes & Ears (Mi6, Mi5, CIA, MSS, Mossad, FSB {KGB}, SIS, CSIS, ASIS, DCRI, BND etc)
    Power & Control Centres - US Council on Foreign Relations, European Council on Foreign Relations, Club of Rome, Bilderberg Group, Royal Institute for International Affairs, Trilateral Commission etc.
    Main Stream Media - Global Propaganda
    Hollywood - Global Propaganda and epicentre for Alternative/Pagan/Kabbalic/Ancient Mystery Religious interests.

    The Custodial Network
    Bank for International Settlements - Global Banking Computer Network for the movement and transfer of Global Currencies (the Back Bone)
    London Bullion Market Association - Physical distribution and controlling agency of Gold (real wealth)
    Central banking Network - Physical distribution and controlling agency of Global Currencies (medium of exchange for services, goods and labour)
    Organization of the Petroleum Exporting Countries – Global distributor and controlling agency of Global Oil (consumable real wealth)

    What you must understand is that Currencies are merely a medium of exchange but Gold is real wealth and Oil is consumable real wealth. Oil is a type of hybrid between Currencies and Gold, this is why Oil States sell Oil in Currency (US Dollars) but there is always a payment in physical Gold as well. Oil has a usable function, Gold has a storable function, currency is merely a rate of exchange. You can think of Currency in terms of energy, Currency isn’t the fuel, Currency is merely the calorific value of the fuel being burned.



    By the very nature of both the framework and the network, we can have a complete and total collapse of the Global Financial System and the Custodians don’t lose a single penny as they can simple create a brand new system at the click of a finger…new Currencies, new Bonds, new Banks, new Political systems….new everything….a brand new farm! This is because they own the machinery to make farms as well as the technology to do so.

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  5. People talk about a coming New World Order. If you believe what I have written you will see that it’s not coming at all, it’s already here, and has been here for perhaps 300 years. What they are talking about is merely the next cycle within the existing NWO…nothing more!



    If you believe this, then for you the truth is revealed; that the threat of a coming NWO is a False Flag event. It is a deliberate misdirection to distract you from the truth hidden in plain view. If you believe that a NWO may be coming, then by definition, you believe that a NWO cannot currently exist. This is precisely what they want you to believe. They do not want you to realize that the NWO has already been implemented incrementally over the past 300 years and especially since the propagation of the Global Central Banking Cartel whose greatest achievements were the Bank of England, the United States Federal Reserve System, and the Eurozone (including European Central Bank).



    There is of course one thing which they cannot create at the click of a finger…Gold!



    When financial systems collapse the wealth transfer goes into Gold, which then becomes the store of wealth until a new system is put in place, then, the wealth transfer goes back into the new financial system. So, owning Gold is owning a piece of the next financial system, not the current financial system…get it? This is when Gold is most potent.



    http://politicalmetals.files.wordpress.com/2011/09/global-reserve-currencies1.png?w=595



    For this reason, every time the financial system becomes fragile, every entity always runs to Gold. Often they don’t really understand as to why, but they do nonetheless.



    The real reason as to importance of Gold is very, very simple. Gold doesn’t sit within the Global Financial System itself, it sits outside the system (outside the Venn Circles), resting on the blank white paper which is mostly owned by the Ultra-Wealthy. In visible terms it is like the ‘Construct’ in the movie the Matrix, something which underpins the false reality which is created upon it.



    To own Gold is to own both a commodity which is assigned a Currency value as well as a piece of the next framework, a piece of the next network. Everything else is which is going on is just noise and distractions to the masses….’Bread and Circuses’.



    Currently, we are seeing suppression in Gold. I believe the reasoning behind this is to buy-time, enough time so that the framework and network have sufficient Gold reserves to restart the system and a long enough period of time so that the Gold buying is invisible to the general public, so as to avoid a panic or ‘run’. In any case, the next cycle is inevitable and it is coming whether we like it or not, or whether we are prepared or not.

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  6. Post WWII, but perhaps earlier, it was realised that Gold must be removed from the financial system. The excuse given was that it impaired the Banking Systems' ability to expand and therefore protection 'US' from future crises (Keynesianism). A lie which even the bankers bought into...why wouldn’t they?!

    The real reason Gold was systematically removed from the financial system (Globally) was to place it even deeper into the financial system (LOL). A Gold Standard is akin to Gold acting like the mortar between the financial bricks of the Global Economic Building however, removing the Gold simply meant that Gold then flowed into private vaults of the same entities who owned the Gold within Central Bank vaults in the first place. They merely relocated the financial strength.

    The Gold was replaced by 'Promise To Pay' and it flowed into the foundations on which the entire building is built (BIS etc). In this way, the building can be knocked down and rebuilt, using the foundations over and over again. The Gold never left the structure at all, it was merely reassigned.

    So, instead of Gold being used as the mortar between the bricks of the Global Economic Building, we have 'Good Will', and good will can be expanded easily...but it can also erode just as quickly (faith). This is why we will either see a Global Financial Reboot, or, they will push Gold back up into the Mortar (Bond backing).

    In essence, the removal of Gold meant that the nature of the system transformed from 'Fixed' to 'Recyclable', so long as the foundations are retained.

    I don't envisage Gold as money, or currency, or even wealth, that's too rigid. It's like a Stem Cell; it can be grown into other things.

    Just because Gold may re-enter the system doesn’t mean ownership changes.

    Also, don’t think that Central Bank Gold Reserves being leased out is criminal, because the entities who own the Central Banks are the same people who are leasing the Gold, as well as all the intermediaries in-between.

    So what’s happening in Cyprus? Well, Cyprus is the very first indicator of two things, they are;
    1. That currency really isn’t owned by the depositor and is in fact owned by the representative Central Bank, and in turn, by the owning Banks, and in turn again, by the mob I discussed originally.
    2. That the Global Central Banking cartel has blocked all the exits by taking over every other Central Bank in the world, or is very close to it.

    “Give me the power to issue a nation's money; then I do not care who makes the law”

    And that about all there is to it.

    I wonder if a ‘Promise To pay’ includes food rations?

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  7. Good summary Kli, picked up 20 silver rounds at 3 over spot while still available at local coin shop. Running out of time to convert the electronic fiat into useful stuff or stores of value.

    Now what has 1000 years of accumulated power so afraid of to essentially go all in now and taking out whole countries and giving away the allocated physical gold in storage? The coordination and restraint between the permanent members of the UN in unprecedented.

    When you can answer that question either by inquiry or it hits you by the response of the automated flash crash algos in under a minute before the first human traders can even pull up the ticker symbol on their computers you win a big smack in the back of the head from the obvious that is hiding in plain sight. Mother Nature paying back humanity in spades through pandemics, drought, storms, mega tsunamis and JIT killing solar flares; maybe aliens coming back to harvest our gmo fatten sorry @$$e$ for an intergalactic McDonald's value menu; or something more mundane as all global markets have reached a tipping point of leverage and mispricing of every resource essential for survival and commerce.

    So crank up the BBQ, because the weekend has arrived and time enjoy some of the good times while they last.

    ReplyDelete
    Replies
    1. At the very least the mundane explanation of the ponzi overleverage is more than plausible. The question posed is excellent but withing the question is a very human behavioral weakness that will provide the trigger mechanism and that is greed/fear....ie. WHICH "cooperative" member state will blink....because as you very well know they HATE each other and they are jealous. So to believe this elaborate dance goes without the music stopping is probably wishful thinking. My guess is they ALL have their own contingencies ready to move to.....especially the Chinese. I will remain a very tiny speck in their world but for now a speck with a voice.

      Delete
  8. kil.

    this looks like the righting of Another....Freind of Another...

    if this is a new post...then Another has poked his head above the water...to post again

    paladin

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  9. And you are pretty awesome speck at that may I add! This post is definatly worth bookmarking and if one does which I will draw out the Venn Diagram it is a perfect illustration to make fence sitters understand just what males the world go round! But I agree with you that all parties will just as soon stick a knife in the others back than to play along nicely for the common good......

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  10. Jeez....... I'm not drinking just posting from my phone with out my reading eye balls!

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  11. when to say no...to friends & family

    in the past I posted can anyone turn anyone away in a time of need..when the SHTF can you say no to anyone?

    in this case....it is the balance sheet.....of your friends & family.

    they live in a house that is under water....they can not refinance..

    the BMW in the drive way is leased....and under water.

    they come to and ask ...1k....10k....20k

    to keep their life alive

    when do you say no.....








    ReplyDelete
    Replies
    1. this is a very personal AND very pertinent issue paladin in terms of helping others.......ALWAYS remember what you are facing .....You have so much blood to give then you and your immediate family are terminated....THEY have made their beds with their BMWs and too big houses....make sure you can help throw them a life line not your life. Make sure you HELP thme NOT enable them perpetuating their violations of nature's law

      Delete
    2. whoops just saw Tom's post below

      Delete
  12. Paladin,

    This may help if I understood the question....

    http://www.thechangeblog.com/when-helping-hurts-a-lesson-on-enabling/

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    Replies
    1. very good Tom very good

      Are you wondering if you are the enabler for someone you know or love? If you’re not sure, ask yourself these questions about your attempts to help:


      Are my actions helping this person to feel more self-empowered?
      Are the circumstances staying the same, worsening or improving?
      Is this person doing his absolute best to help himself?
      Are my actions motivated by fear? Pity? Guilt?
      Am I helping this person to take advantage of her full potential?
      What good has come from my help?
      What harm has come from my help?
      When helping ceases to inspire and empower; it becomes enabling. Your answers to the questions above should help you determine if you’ve crossed that fine line.

      Delete
  13. Re: BMW

    http://www.swapalease.com/

    Got out of one of mine a while back when chit was tight.....

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  14. are you all shitting me not

    are you all telling me I am the .... I am the only one that is being to ask for $$$$

    as to friends & family

    I do not ask as you act to it

    I can do the math all day long..

    it does not let me off

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    Replies
    1. Paladin....its an individual situation that one has to deal with.....gl

      Delete
  15. Bitcoin isn't the only digital currency....

    Cybertheft heists $1 million from Leavenworth hospital

    http://www.wenatcheeworld.com/news/2013/apr/26/cybertheft-heists-1-million-from-leavenworth/

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  16. Joe wanted the below link added to the conversation today....certainly this may aid Paladin. Joe is a ghost. Those of us that have dealt with him on this blog cannot explain some of his actions but there are consistencies that I do vouch for. I believe that he lives and tries to maintain an elevated level of morality with some obvious contradictions for those of us that know him. He has his reasons for playing in the casino and I have no reason to not believe him. Having said this, I still have many unanswered questions....but here is his link

    http://www.washingtonpost.com/wp-dyn/content/article/2007/11/23/AR2007112301546.html

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  17. In a similar vein ....

    http://www.thechangeblog.com/unsuccessful-and-miserable/

    Never knew Joes gig and could care less if he's the Ghost of Mrs Muir, just glad he was around for the time he posted because I did enjoy and do miss the weekend philosophical discussions as it opened my eyes and made me look at my behaviors, life, events, history ect...... in a different light and gave me at least a better understanding of how things are and of course you as well.

    Paladin,

    No offense was intended as I stated "If I understood the question". I guess I didn't.......

    ReplyDelete
  18. as to Joe,s link...

    Materialism Is Weakening Families

    (snip)
    In a capitalist/materialist world, everyone has become selfish and self-centered. We pass this message to children when we exhort them to be successful in life by any means possible. Thus, when relationships are contingent on "What am I going to get out of it?" the potential for conflict and unhappiness is rife. Family ties are very weak now, and when people do get together, it is more out of tradition than love and respect. Gandhi said, "Materialism and morality have an inverse relationship. When one increases, the other decreases." I believe we are witnessing this phenomenon now.


    paladin.....I know this,,,,,ego is the hard one to get rid of...and yes I have been in AA

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  19. Tom

    yes you understood the question.


    how far do I let others drag my house down....

    ego....that is the mother of all questions.....what if I am wrong?

    this bet in metals. is the right bet......butt what if we are wrong......we could have thrown a life line out to others......butt we did not......so our house is the last house standing

    paladin

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  20. Guys, It is all relative....

    I have been cleared to live alone again. Not a big deal unless you have had to spend several months in an assisted care facility with some ole grouch checking on you (almost makes one miss the X - LOL). Puts fiat currency, gold and all things BS in perspective. So next week I will transfer a lot of my things back to my home - clean the place and get it ready for moving back in by June (order internet, cable, etc). Makes one feel free again.

    So - I probably will have limited access at some place like Starbucks next week. Keep it on the tracks.

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  21. Here are the latest numbers...if we are wrong we are not alone so that's what worries me. I am not looking to make a fortune, just hang on. http://www.silverseek.com/article/latest-us-mint-silver-eagle-sales-data-11281 Now we have McCain saying we need to intervene...

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  22. Paladin,

    In order to help we must do so from a position of strength but I am guilty of doing the same with a couple of family members in the past until they wore out their welcome...... GL

    Glad your doing better!!!

    There's no place like Home!

    ReplyDelete
  23. BIG news

    http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/28_Sinclair__Day_Of_Financial_Infamy_As_Cyprus_Depositors_Flushed.html

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    Replies
    1. Sobering...... The chit just got real, time is short!

      Delete
  24. News I mssed last week: Repeal of Stock Act, same ole, same ole/rules for the sheeple v. rules for the elites: http://www.rollcall.com/news/obama_signs_partial_repeal_of_stock_act-224019-1.html

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  25. So glad to hear that news Inlet, had not realized you were in ass'd. living. I think you are in S.C., no? I'm right over the border in Charlotte...still amazes me how many folks get us mixed up with Charleston. Continue in your recovery and you are absolutely, positively right--one's health is the absolute most important thing. Best to you, Nancy

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  26. Is it true as HSBC (total mortgage crooks!) says, that silver mine production has increased for more than a decade and will continue to increase? : http://in.reuters.com/article/2013/04/26/research-gold-hsbc-forecast-idINDEE93P0CW20130426 I have not read this anywhere else. Thank you.

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  27. Hmmm. Found this on silver: http://www.forbes.com/sites/kitconews/2013/04/24/silver-institute-global-silver-mine-output-rises-4-to-record-high-in-2012/

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  28. Great post Kli! I had missed the RP interview and appreciate your bringing it to my attention.

    When you have a chance, and think it might be helpful, hook me up with Paladin. I spent several hours this weekend in a similar situation and "Bill" was a pretty smart fellow. JD.

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  29. http://mobile.wnd.com/2013/04/americans-fear-government-more-than-terror/

    With good reason, check out the video in the link....

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  30. Paladin...... here is my mail kliguy38@yahoo.com
    Send me your mail and I will forward Duke's mail address to you if you want to hear his approach on this

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  31. http://www.youtube.com/watch?v=x-CIT126nm0

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  32. Here's another good one from James Turk: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/29_Turk_-_The_Mother_Of_All_Short_Squeezes_In_Gold_%26_Silver.html

    ReplyDelete