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

We're seeing the first of my 5 red flags come out on the market. My first YouTube vid said we'd see 5 things play out before metals leasing unwound completely.

To recap, here is my 5 point list.

Red Flag #1: The banks leasing the Silver will become concerned about hard inventory levels and the ability for repayment at some stage (its already too late however).

Red Flag #2: In order to not create a run on Silver, they will gently increase the Silver lease rates over time as to not scare other banks into the realisation of the same problem they are witnessing. It's important they do this relatively slowly... the last thing these lenders want is a run on Silver as it diminishes their chances of getting the physical back into the vault.

Red Flag #3: As the lease rates increase, it doesn't make sense to keep the monies earned from selling the Silver in the first place in the open market and lease contracts will not be rolled over.

Red Flag #4: Metals will be bought back on market and delivered to the leasing banks.

Red Flag #5: As this starts to happen en masse, Comex and other Silver exchanges will default on delivery and at that time the cat is out of the bag and the Silver rush will ensue.

GO GATA
http://www.lemetropolecafe.com/

Category:

News & Politics

Tags:

• Johnson Matthey
• metals leasing
• silver default
• gold defaul
• gold comex default
• gold silver default
• stellaconcepts

[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?

[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

[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.

[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.

[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. =^[.]^=

[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.

[alaskablows]

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

[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) ?