Red Flag #1: Johnson Matthey to default June/July Contracts

[Filmaker25]

I know what your'e talking about: You are saying that thier is too many Silver Orders and not enough Silver to supply those orders if they were to be fulfilled. which is definately what I believe is happening. This would drive up the value of silver.

[kingofmilwaukee]

You realize John of course that all of your predictions about the gold/silver market blowing up in 2009 failed miserably.

[toothbeaver]

Does Gayle Davis huge head dent count? She was shot by her dad in an attempt to rid humanity of Gayle Davis of Wane, PA. she is a real piece of work who needs to fiinish what her dad started. gayle is about to be sued w Steve at HR for talking smack

[ahmedvienna]

Yea finished seeing it as I got your response.. its interesting .. I hope the manipulation can go through for another year or two so that I can collect as much gold/silver as I can .. do you think the Chairman of the CFTC is any good ? do you think that they will really revise position limits ? - if they did revise it where would the price of silver go in (a few days) ?

[ahmedvienna]

if it is true then that's why i dont believe a gold/silver default would happen this year .. I believe the cartels still do have a lot of bullets to be spent ..

[stellaconcepts]

well they are running out of options... now they are raiding the pension funds... have u seen my latest video?

[alaskablows]

@stellaconcepts YA what pension funds exactly state and federal or major unions?

[ahmedvienna]

Hey John..

It's August.. and I havn't heard anything regarding any type of default.. care to elaborate on why the theory june/july default didn't happen ?

[stellaconcepts]

Sure...

My opinion...

they are robbing peter to pay paul. the canadian mint "lost" gold - still today its just "gone".... the government/cartels are moving gold around to satisfy orders.

thats my opinion FWIW

[shakaama]

I don't know if you're behind the curve on info, or you have really poor resources for reporting such things.

The silver debacle isn't just from johnson matthey it touched to perth mint, kitco. The even closed down divisions.

It's not just a default, there is no silver to manufactur. Anyone holding certificates should ask for immediate delivery or sell it to some other sucker.

this is just shameful.

[stellaconcepts]

cuntbag? fucktard? I have no idea what you're talking about - but you sure feel passionate about it....

thanks for commenting... i think.

[toothbeaver]

Maybe the market is terrible because Gail Davis is a stupid cuntbag who needs to have that hole in her skull drilled a little bit deeper to ease her suffering of being so dumb and horrible at her job at the Wayne, PA location?

[ripperduck]

I've posted this one some of your other videos. The Huffington Post ran an article regarding COMEX dificulty in fulfilling gold delivery contracts. So elements of the Main Stream Press is backing what you have been saying for quite some time...

[ahmedvienna]

To get the article, please google "Huffington Post" "Where's The Gold?" ... first article..

[liammateer]

are you related to alister darling dude, same dark thick eyebrows, back to your prediction. this stuff will happen without fan fare. we dont know how close it has come but i bet at comex they are in a sweat canadian mint theft for goldman to cover their shorts proves that

[ripperduck]

Today is June 21. So what is the upshot of this video. Silver and gold are falling and I haven't seen any evidence of default. So it seems that this didn't pan out. Only underscores that manipulation of PM's hasn't decreased and has only gotten worse. I very much wish that I was wrong but I don't see any evidence that this has happened..

[stellaconcepts]

I think we will see it by the end of the month to be honest. I know its a bold statement given so far it looks like its not going to happen for JM.. but a lot of information im reading is saying its very tight.

the market is dropping right now to stop the options being in the money and taking delivery.

The fact that gold is being taken down so severely right now is actually proof this may happen... if it gets under 880 - it probably wont happen cause the options expire out of the money.

[ripperduck]

But this tells me that Comex is still capable of undercutting silver prices to fulfill the needs of the shorts. It seems to me that we have two markets the paper and the real one. Paper is what determines the price, never mind what the supply/demand constraints would warrant. That being the case, no amount of rational thought will induce the price upwards.  Sorry but I heard of the Comex default a few months back. Nothing happened.

[ahmedvienna]

Hey John..

Watching your videos and I like them.. I ve probably tripled my silver stash just the past few months..

However we are midway through July.. and still no sign of this happening.. will u make a video explaining what has happened ? (sometime at the end of july?)

[Ubreako]

so if i purchase Johnson Matthey ...they will still hold their price levels right ?

[nicefade]

I am a silver 'hoarder', so I like your thinking, but with all respect, I can't believe Johnson Matthey is defaulting delivery without seeing it in writing and I cannot believe the only way to do that is subscribe to a site. If something that big were true it would linked all over google and dozens of news threads. Please supply link.

[stellaconcepts]

not all information is out there for all to see.

but granted... we don't know... but we have seen defaults on some gold recently (1kg bars) so it shouldnt come as a shock.

Time will tell - im just the messenger :)

[nicefade]

Links to Johnson Matthey default please?

[stellaconcepts]

The article was in LeMetropoleCafe [dot] com

Look for an article around the same date as my vid... cant remember the title now...

You get a free week or two when you sign up for the first time.

Cheers

[nicefade]

Google Johnson Matthey default and the only hits that come up all come back to this video.

[stellaconcepts]

heaps came up for me

[marcosxag]

call buying in SLW june 10's could be a hedge for someone short or someone looking for a rare summertime upside

[marcosxag]

i think any asian country would be drooling to buy that imf gold if they really sell it.

[lokir]

Great video... great information. Thanks mate.

[andymholmes]

Whats your take on the announcement that the IMF will be selling a large percantage of its gold?

Surely this will be nagative for the price (don't get me wrong if it is I will use it as a buying oppertunity).

[stellaconcepts]

they wont be selling their gold. its an old IMF tactic

[bluedonkeyman]

I think the gold was already pledged to japan at 7000/oz as collateral for the 100 bil. guarrantee they gave the IMF. 7000 was my predicted gold price in an article I wrote 2 weeks before UBS said 6948

[mallamoozoo]

i have basically put most of my money into silver. I had wanted to start a small business but I thought the opportunity in silver at the moment was once in a lifetime so put the small business idea on hold - and just continue with crappy wage work for another year or two and see what happens - if silver doesnt go to the moon by end 2012 - i'll give up and have a go at the small business.

[mallamoozoo]

Maybe i could borrow enough to start a business, against my silver holdings - and hope eventually the inflation in silver price pays the loan interest - only risk is if it takes too long and i have to sell off my silver to service the loan. God it's hard!

[DontTread0nMe1776]

I'd hide the silver and go bankrupt before selling it to service a loan of ponzi paper money. Credit ratings won't matter much where things are headed.

[kosheen415]

If all of the counterparty schemes tied to gold are predicated on gold being mined, and miners are having difficulty getting financed then 'the gig is up" and everybody who has skin in the game is living on borrowed time. In addition, the fear must be tenuous and breathing in the corridors of PM profit schemers, because who wants to be holding the bag and taking the blame for being the BearStearns or Bernie Madoff of PM profiteering.

[ArmedMichigander]

Why can't JM just buy it on the spot market, rather than default?

[stellaconcepts]

well thats my point... to deliver on the contracts their are going to have to source it from somewhere. my point is more the banks don't want to lease it any more!

[sxr5a]

Hmm, I think by the time June/July rolls around they will manage to work something out

[stellaconcepts]

my point is more the banks don't want to lease it any more

[wickedgoodtrader]

ya it's called charging $1300

[papawx3]

This all sounds eeriely familiar, like the rumors floating around several months back about a default on the Comex. It turned out not to be true. Rumors, rumors and more rumors. Such is the metals trade. Be careful. More often than not, these rumors never materialize. Right now I like the oil and agriculture trades better than metals. Oil is recovering, and everytime I go to the grocery, the food costs more than my last visit. A better inflation bellweather than metals. Just my take.

[stellaconcepts]

my point is more the banks don't want to lease it any more!

[sxr5a]

True, I do believe that eventually the leasing game must come to an end. But I haven't noticed the leasing rates creeping up lately. I mean the 1 month gold lease rate is actually negative. What do you make of that? Is this a last-ditch desperate attempt to hold down gold & silver?

[stellaconcepts]

the lease rates creeping up on a consistent basis is my second flag.

however they might not creep up if they decide to flat out not lease anymore.

[drutter]

I put you in my speed dial for subscriptions. <3

:p

[mejt223]

"SNIFFS and WHIFFS"

LOL!!!

[whiskerchild]

I don't understand- why would you lease PMs? Why not buy them?

[drutter]

Same reason you would lease anything. Leasing has pros and cons.

[stellaconcepts]

Watch my first videos on youtube.

Leasing is VERY attractive. You can pay 1-2% for the metal per year, sell it - invest 100% of the sale value and make 3-4%. Meaning you make a few percent net RISK FREE!

[nepenthesizer]

It is like leasing an apartment instead of buying a house. I prefer to lease. I don't know how else to describe it. pretty simple really.

[jeson86]

Cheers, mate.. Thanks for the heads up.

[HysteriaDLX]

Don't ever think your videos are in vain, bro. There are a lot of us out here who share your views and spreading the truth, no matter how much the mainstream may ignore or try to suppress it, is never without merit.

[dontblamethemessenge]

i guess that those holding paper contracts (most of them i guess) will get much less money than they paied for it.

So they dont get their silver and they get less money than they paied for it in the first place.

So they paied 100 dollar for silver that is stored in the bank, and because they dont have the silver, the bank will give back 20 dollar. First they have to crash the spot price first. Let's get physical i would say.

[Stealth0031]

Excellent report!!! Thank you for the great videos.

[SilverWealth23]

It was great to have friends like you in school to do our homework for us. Now its even better ! Thanks for looking out for your fellow Classmate : )

[banjojambo9]

nice camera what are you using?

[psbyowner]

something tells me they didnt expect the demand we're seeing; that explains any bank pullout..

hmm. so they lease metals to cover contracts on the assumption no one asks for physical? i wonder if they lease the same metal more than once? twice? multiple times? lol.

[psbyowner]

about time. these bankin' bastards need to crack...

[Raycheetah]

So, meanwhile, what happens to Johnson-Matthey when they can't deliver on their contracts? Presumably there are penalties of some sort?

Menawhile, more and more people suck more and more physical PMs outta the system. Mebbe not enough to crash it all at once, but exerting more and more pressure in various sectors (commercial mints, dealers, coin trade. physical delivery) not to mention industrial demand and bank reserves... It's a beach ball held underwater; it'll pop up eventually. =^[.]^=

[stellaconcepts]

cash settlement as per contract law.

[Raycheetah]

Huh. If I had ordered silver at a certain price, and wanted delivery, and all I had gotten back was my purchase price (presumably without any interest accrued), I'd be a might disgruntled. So, basically, they can have my money to play with until it's time to fill the contract, then give it back instead of what I bargained for.

I understand that's how contracts work, and that they are only required to settle in cash, but it still sucks.

Physical talks, paper BS walks. ='[.]'=

[stellaconcepts]

oh yea - i wasnt saying it was a suitable replacement for the metal... i was just saying thats the law.

you would definately be disgruntled... its coming.

[psbyowner]

I agree. as they play games with the spot price, investor interest is at all time highs just over the past year or so; and this consumption is more than making up for any reduced industrial demand. once even the slightest amount of industrial demand returns, along with the low price causing mining retractions, the price should rise hard.

[psbyowner]

It also wouldnt surprise me if the spot price crashed... as the rush out of paper into physical is reflected; but the spot price will be so ridiculously low that it will only delegitimize the COMEX et al manipulated markets.

[stellaconcepts]

imagine the domino effect of the paper price crashing tho.... industry revolves around it - many use it for transactions etc etc.

[drutter]

Yeah, yikes, this seems like get-your-real-money-in-your-ha­nds time to me. It's as though the lights just dimmed for a moment... shortly before the complete blackout.

[minimoo2000]

The clock is ticking....! Tick tock tick tock...do you hear that... BOOM ! the Comex EFT's just blew up, everyone insisted on physical delivery, please anyone that watches this channel, take physical delivery on "YOUR" bullion, you own it not a piece of paper that says you own it!

[drutter]

Dude man, you're so alarmist all the time! Take a breather.... that's certainly not the most likely scenario, but it was worth mentioning imo.

[formulaprimer]

Not to worry people buying silver right now is not a negative because from recent memory when prices drop there will be no silver for immediate delivery and the dealers will just hold onto supplies until price increases and or raise premiums so we are actually at a point where it is nigh enough to buy silver at wanted quantities.

[drutter]

formulaprimer, I understand what you mean when you say the dealers will hold their silver until prices improve again, but what does "we are actually at a point where it is nigh enough to buy silver at wanted quantities" mean?

[formulaprimer]

What I trying to say was if a person wants 500 oz of a certain kind of silver like 10 oz bars or 1 oz rounds etc. the person can readily get them right now at an acceptable time frame, but that is because it is profitable for the dealers and refiners at current prices, but any lower we will have delay in shipment and cancellations and premium increase like it was under $10 per oz.

[johnwik]

Thanks John!

:)

[keithholden]

Silvers price will go down short term . back up in August.

Wait to buy it will go to at least 11 or if it breaks that it could go as low as 8.50.

[stellaconcepts]

u keep saying that... not that Im arguing with you - anything can happen short term - but whats your reasoning?

[8Autologic8]

Thanks John! BTW the new camera was a great investment. Makes your videos seem way more professional.

[medulalumosa9]

Excellent info! Thanks John!

[Daniyoyo]

did u just say 1700 tun? hahahahah holy shit

[lukeedwardsimmons]

Very, very exciting time. I have certificates of deposit coming to maturity next week! Perfect timing! :D

[cowboycarl04]

every ounce of silver and gold you purchase for physical delivery is one less ounce on the market that they can lie about right now....

[btbking]

happy easter

[davincij15]

Good info even if it turns out to be false there are other cracks showing as the CRIMEX defaults on mini silver contracts of 1000 oz bars as of April 19 2009.

[stellaconcepts]

tell me more!

[davincij15]

I'm surprised you are asking, Ted Butler's blog on April 1st talks about it and he was steaming mad.

[stellaconcepts]

ted butler mad? nooooo ;)

[boots920]

Fiat Silver low price, you can buy as much paper silver as you want.

Physical silver I'm seeing up to a $10 premium over spot, and not much coming in at the local coin shop.

[drutter]

Absolutely, boots920. Seen my Silver Gauntlet video on that topic?

My local bullion dealer has their "several month wait" sign up now. You can technically get it for $15 US per ounce (plus premiums if you want nice rounds/bars), but you're going to wait several weeks or more. Real physical IN-HAND silver that you can take possession of immediately is really REALLY hard to find now.

[boots920]

So the market is king you can manipulate it as much as you want but the REAL market speaks truth.

The free market can be manipulated but "the market" always dictates price. (fair market value) So fiat money can only manipulate the market it never can be the market.

[limitedplay]

im not sure of that, but i dont what you are looking at. Im on ebay right now and there is plenty of silver. I mostly look at franklin and & walking but if silver gets that isnt it a fair assumption to say "who cares" it will go up just like the rest wont it?

I mean how much of a premium is there on a nice bar or silver proof eagles compared to a roll of franklins or Morgans or what have you?

Maybe you can help me out on what im missing in my thought.

[drutter]

@limitedplay

"plenty of silver", as in 1 billion ounces? That's how much we use up every year. You can't make IUDs, RFID chips, computers, cell phones, ipods, solar panels, medications, or mirrors out of paper or electronic "silver", ya know.

Sure, there's "no shortage" of worn down old coins for collectors on eBay, but it's not going to solve the problem that we have almost no silver left on the planet, and we're using it as though it's unlimited. And China's industrial revolution is coming.

[drutter]

My layman's translation: The big precious metals players are starting to scramble for physical silver and gold.

My opinion: This will trickle down into every aspect of precious metals. When the big players sell, buy, or move large amounts of metal, everybody else feels it. Question is, will they be able to keep hiding the shortage? If so, for how much longer?

Embarrassed to say I never went back and looked at your first vid, but will do so now.

/watch?v=riTV0W-_sxM

[linux23dragon2008]

I ordered more Silver yesterday. More coins and bars.

Taking advantage of the Silver price dip ;)

[tradergee1]

It's about time, thanks

[hiphopsocnroc]

ANOTHER UPDATE AT LAST  8-)

CHEERS