"I interpret the LBMA's move to secrecy as a sign that the opportunity to get real metal is closing fast."
We have been seeing the symptoms of the move of investors and institutions to take delivery for a long time and it has been accelerating for months now. The massive crimex intervention has experienced nary two days in a row pause from heavy paper pounding.
My take on this is that we are seeing the outward signs of the end game. The secrecy, lies and propaganda create a shield so that we can not see the inner workings and thus can not determine how much longer this price suppression will be effective.
The probability of the LBMA and CRIMEX blowing up is increasing each day. This month we watch as the crimex drug out the delivery of physical for the stoppers and they may as of yet not delivered all that they owe. Sprott is/will try to obtain physical silver for his new silver bullion fund. The Mint is trying to keep up production of gold and silver eagles to give the impression of availability, but the stories keep increasing of long delivery times, red tape slowing or discouraging delivery, delays etc. We have even seen instances of "missing bullion" from key institutions.
The big banks and exchanges are being threatened with new regulations and with court action. The protection they have enjoyed for decades is falling apart
A big change is coming and the usual suspects will not be able to stop it. At a beer and bull session last Friday a number of us tried to agree on "no later than dates" and price estimates for when the manipulation was finally over. It was a hell of a lot of fun, but in the end we all agreed that we won't know till we hear the explosion. How high? How high is UP?
A few of us felt that the US $ will continue to exist, but will be greatly devalued. One even went so far as to guess parity with the Yen as a number of pundants have predicted. That would place gold over $100,000/oz. Crazy number right? Ask yourself, how low does the US $ have to go to clear the multi trillion $ worth of outstanding bonds? How high to pay for Social Security, Medicare, and the proposed single payer health care the dems are now proposing? It is all guess work, but the numbers will be big for the metals and the pain will be great for those who have no protection.
Remember the saying "there are no accidents". We have been driving to straight toward this cliff for a long time.