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I just talked to Jay O'Keefe yesterday, and he said that he is doing better for the last few weeks and is very thankful to God. He is now making his home in Denver with his children and grandchildren, and they are taking good care of him and his wife Mary Ann. He is enjoying Bible study more since getting well, and he feels more content than he's ever felt in his life.

He takes daily walks with a cane, and travels around Denver with his relatives. He has no dementia or Alzheimer's disease. The problem was simply poisoning of his brain through inappropriate medication. His testosterone level is back to normal, and he has no diabetes or heart trouble. The drug he used to take had killed his taste buds, but God has brought some healing, and he now enjoys eating again, so his weight is back up to 130 from a low of 117.

He commented briefly that silver is now at a good price for anyone still interested in buying. He said he'd hate to see his friends sell at this time. One of his experts, Chris Weber, stated recently that he believes silver will go to $187.50 in the next 3-5 years. 

Please continue to pray for Jay as he seeks God's will on how to best serve Him in what he calls "overtime". Also, please pray for Mary Ann who is suffering from leg and foot pain.

Regards,
Ted Spaeth

Recent comments from Ted Butler:

Ted Butler recently commented that JPMorgan has bought back almost half of its short position in silver since the Feb. 28th price high of $37. He noted that despite the COMEX price setting, very little of the actual physical supply has changed hands over the last 6 months. He doesn't know how low the price can go, but he says that the COT reports indicate historical bullish extremes in commercial holdings of silver. He says the most likely reason for the manipulation recently may be that they expect higher prices soon. For many years, he believe that prior to the big move up there would be a huge sell-off. Timing of the bottom is unknown, but we may be close.

Interesting info and theories about Denver:

http://www.abovetopsecret.com/forum/thread734770/pg1  
http://disc.yourwebapps.com/discussion.cgi?disc=149495;article=123120;  
 

by Greg Hunter’s USAWatchdog.com 

The $2 billion loss of JP Morgan in derivatives trading is signaling, once again, the enormous risks big banks take with taxpayer backing. All U.S. banks are covered by the FDIC, and if a loss is big enough, it could threaten the financial system just as it did in 2008. JP Morgan has $70 trillion in total derivative exposure. The entire world has a little more than $700 trillion in derivative exposure, and one bank has 10% [or maybe 5% if the total is $1,400 trillion] of all the derivative exposure on the planet! If JP Morgan gets into trouble, it alone could cause systemic failure. ... The monster downside to all the bailouts to prop up the system is the devaluing of the U.S. dollar and the destruction of the credit worthiness of America. There is another downside to the policy of privatizing the profits and socializing the losses, and that is the loss of confidence of the U.S. dollar as the world’s reserve currency. It will come down to the Fed choosing between the banks or the buck. It looks like the dollar will be sacrificed on an altar of insolvency. It is clear, systemic risk is everywhere.

http://usawatchdog.com/jp-morgan-derivatives-exposure-systemic-risk-is-everywhere/ 

Related articles:

Time to Get Out of Dodge? 
http://www.stevequayle.com/News.alert/12_Money/120516.bank.update.html?p=10075 

The Bank Runs In Greece Will Soon Be Followed By Bank Runs In Other European Nations
http://theeconomiccollapseblog.com/archives/the-bank-runs-in-greece-will-soon-be-followed-by-bank-runs-in-other-european-nations 

KWN interviewed John Embry regarding the recent derivatives turmoil:

"This makes me very uncomfortable because I've always been very wary of the whole derivative situation. I believe the notional value of the outstanding derivatives is comfortably north of one quadrillion dollars. The Bank of International Settlements changed the definition, so they said there is only $700 trillion worth of them, rather than one quadrillion."

But it doesn't make any difference, these (derivatives) are many, many multiples of the world GDP. If these things get in any trouble, and I think the JP Morgan thing may be the first sign of significant trouble again, it's fantastically important to the whole financial situation. In a rational market the gold price should have been up $100, not down $40 in the wake of this.

I would defer to Jim Sinclair, who I have the utmost respect for on this one. He has said for a long time that the derivative situation 'guarantees quantitative easing to infinity,' which is one of the great statements of all-time.... 

It's important, at this time, that people who have been around, and have a pretty good grasp of what's unfolding, should express their views to the public just to counteract the propaganda they are receiving from mainstream media. It's tough enough out there without being lied to all of the time." 

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/5/14_Embry_-_This_is_One_of_the_Greatest_Statements_of_All-Time.html 

Related articles and videos:

10 Dangerous Assumptions Christians Make
十個基督徒之危險的假定
http://somehelpful.info/Christian/10-Assumptions.htm

Free information on preparedness:

How Horrific Will It Be For The Non-Prepper?
http://www.shtfplan.com/emergency-preparedness/how-horrific-will-it-be-for-the-non-prepper_05122012 

Dare to Prepare 
http://standeyo.com/News_Files/Hollys.html 
 

To every thing there is a season, and a time to every purpose under the heaven:
A time to be born, and a time to die; a time to plant, and a time to pluck up that which is planted;
A time to kill, and a time to heal; a time to break down, and a time to build up;
A time to weep, and a time to laugh; a time to mourn, and a time to dance;
A time to cast away stones, and a time to gather stones together; a time to embrace, and a time to refrain from embracing;
A time to get, and a time to lose; a time to keep, and a time to cast away;
A time to rend, and a time to sew; a time to keep silence, and a time to speak;
A time to love, and a time to hate; a time of war, and a time of peace.

Ecclesiastes 3:-8

“We are Preparing for Massive Civil War,” Says DHS Informant

In a riveting interview on TruNews Radio, Wednesday, private investigator Doug Hagmann said high-level, reliable sources told him the U.S. Department of Homeland Security (DHS) is preparing for “massive civil war” in America.

“Folks, we’re getting ready for one massive economic collapse,” Hagmann told TruNews host Rick Wiles. Sign-up for my 100% FREE Alerts

“We have problems . . . The federal government is preparing for civil uprising,” he added, “so every time you hear about troop movements, every time you hear about movements of military equipment, the militarization of the police, the buying of the ammunition, all of this is . . . they (DHS) are preparing for a massive uprising.”

Hagmann goes on to say that his sources tell him the concerns of the DHS stem from a collapse of the U.S. dollar and the hyperinflation a collapse in the value of the world’s primary reserve currency implies to a nation of 311 million Americans, who, for the significant portion of the population, is armed.

http://www.beaconequity.com/we-are-preparing-for-massive-civil-war-says-dhs-informant-2012-05-03/ 

Related articles and video:

Pentagon prepares 'Re-Education Camps' for American citizens
http://www.brasschecktv.com/videos/government-corruption-1/pentagon-prepares-re-education-camps--for-american-citizens.html 

James Turk: Banks & Governments Will Collapse Together
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/5/2_Turk_-_Banks_%26_Governments_Will_Collapse_Together.html 

Richard Maybury: ""A Perfect Storm Of Violence Is Near": The Revolution Begins...
http://beforeitsnews.com/story/1628/658/A_Perfect_Storm_Of_Violence_Is_Near_:_The_Revolution_Begins....html 

Free information on preparedness:

http://standeyo.com/News_Files/Hollys.html 

Related articles:

Richard Russell - After the Calm Comes the Storm
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/4/25_Richard_Russell_-_After_the_Calm_Comes_the_Storm.html 

25 Signs That Middle Class Families Have Been Targeted For Extinction
http://theeconomiccollapseblog.com/archives/25-signs-that-middle-class-families-have-been-targeted-for-extinction 

5 New Lies That The Federal Reserve Is Telling The American People
http://theeconomiccollapseblog.com/archives/5-new-lies-that-the-federal-reserve-is-telling-the-american-people 

Related scripture: 

For man also knoweth not his time: as the fishes that are taken in an evil net, and as the birds that are caught in the snare; so are the sons of men snared in an evil time, when it falleth suddenly upon them. (Ecclesiastes 9:12)
 

The Implications Of China Paying In Gold
by Jim Sinclair, April 24, 2012

The implications of China paying for Iranian oil in gold is the most important event in the modern history of gold

1. It is reasonable to assume that China has been threatened with total or at least selective exclusion from the SWIFT system if it pays in any currency for Iranian oil.
2. Gold has been decided by China as the means of making payment for massive international purchases free of the SWIFT system.
3. Other Asian and Middle Eastern nations will now see the gold they hold as money free of Western economic interference.
4. Gold now is not only money free of liability, but also free from interference regarding settlement by the long arm of Western influence.
5. The SWIFT system is becoming ever more a weapon of Western international political will.
6. In case of war anywhere, it is now demonstrated for all to see that only gold will buy the materials required. Paper currencies are under the SWIFT system's control in settlement.
7. Far from being a barbaric relic, gold is now clearly the money of state survival in every sense.
8. It is reasonable and possible for the supply of physical gold to fall far behind the size of the massive short positions now common to algorithm and hedge fund paper shorts. That will make an effective cover at a reasonable price as compared to a certain day's close impossible the following day on an exogenous event.
9. It may not be possible to use TA of any nature to determine a price of overvaluation for gold. Should the USA decide to take on China in full out economic war with the physical market totally illiquid, such as through isolation from the SWIFT system, consider the gold price that might result.

http://www.jsmineset.com/ 

Related articles:

Iran Sanctions on June 28th Could Impact Gold
Forbes.com, April 22, 2012

Beijing is planning to avoid U.S. financial sanctions on Iran by paying for oil with gold. China's imports of the metal are already large, and you can guess what additional purchases are going to do to prices.

On the last day of 2011, President Obama signed the National Defense Authorization Act for Fiscal Year 2012. The NDAA, as it is called, attempts to reduce Iran's revenue from the sale of petroleum by imposing sanctions on foreign financial institutions conducting transactions with Iranian financial institutions in connection with those sales. This provision, which essentially cuts off sanctioned institutions from the U.S. financial system, takes effect on June 28. http://www.forbes.com/sites/gordonchang/2012/04/22/the-best-reason-in-the-world-to-buy-gold/?partner=dailycrux 

Spain Bans Cash
The Daily Bell, Friday, April 20, 2012

Spain Bans Cash Transactions Over 2,500 Euros ... Spain has outlawed the use of cash in business transactions in excess 2,500 euros in order to crack down on the black market and tax evaders. The motivations behind the push for digital currencies is exposed as Spain heads down the road of the Greeks in combating their sovereign debt crisis. As the government scrambles for every tax dollar it can get its hands on, even though they already gave every Spaniard $23,000 Euros in debt last year alone (approximately $32,500), they are now banning all large cash business transactions. Why? So they can track the transactions and make sure that people and business are paying taxes. Being able to track the transactions is also aimed to combat the growing black market in Spain.

Now the trap has been sprung. The "sovereign debt crisis" is creating a larger globalist presence, puffing up the IMF and creating further EU integration. This was all part of the plan, no doubt...

The move to get rid of cash is also part of the larger plan, we're sure. The idea is for every transaction to be tracked and controlled. The mass of people is to be further disciplined and herded. Global government is to be the result

Conclusion: The mechanism is increasingly transparent. They hardly bother to hide it anymore. But here is our question: Do they believe that people cannot read ... or think? Do they believe people will hold their aggregate resentment in check forever? There seems to be a kind of baiting going on, and it may not end well. http://thedailybell.com/3814/Spain-Bans-Cash 

Whistleblower Maguire -Market riggers got China to kill
King World News, March 2, 2012
London silver market rigging whistleblower Andrew Maguire told King World News yesterday that manipulation of the gold market this week "couldn't have been more blatant" and that a New York financial institution with influence in China has succeeded in killing plans for the Pan-Asia Gold Exchange there. But, Maguire adds, the originators of that exchange are engineering another one whose development will be announced soon. Maguire's interview is posted at the KWN website...and the link is here. I thank Chris Powell for providing the above introduction.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/3/2_Whistleblower_Maguire_-_US_Entity_Interferes_in_Gold_Market.html

China is in on gold price suppression too
GATA, March 2, 2012
As gold advocates have seen China as an ally against the gold price suppression scheme, the Chinese government is cooperating with price suppression insofar as it serves the Chinese government's interests as well.
http://www.gata.org/node/11061 

Bank of China, CME to seek wider use of yuan
ChinaDaily.com, March 1, 2012
BEIJING - Bank of China Ltd, one of China's "big four" State-owned lenders, formed a tie-up with the world's largest futures exchange operator on Wednesday, through which the two parties will explore yuan settlement and clearing opportunities for commodities. The cooperation agreement provides for trading in contracts related to oil, interest rates, grains and gold. The pact includes a settlement and clearance membership in the derivatives marketplace CME Inc, and an application from Bank of China (Hong Kong) Ltd to become an offshore yuan settlement bank for CME, which is almost complete, said Si Xinchun, deputy general manager of the bank's corporate banking unit. http://www.chinadaily.com.cn/cndy/2012-03/01/content_14726318.htm 
 

The Who, How, and Why Behind Silver Price Manipulation
http://moneymorning.com/2012/04/06/the-who-how-and-why-behind-silver-price-manipulation/ 

Related video (Ted Butler says this is good news, since it probably means JPMorgan is in trouble. It's the first time they've actually responded to allegations of their illegal silver price manipulation.

HILARIOUS: Blythe Masters on CNBC – Refutes Claims that JP Morgan Manipulates Silver Markets 
http://sgtreport.com/2012/04/hilarious-blythe-masters-on-cnbc-refutes-claims-that-jp-morgan-manipulates-silver-markets/

Related articles:

19 Things That The Talking Heads On Television Are Being Strangely Silent About
http://endoftheamericandream.com/archives/19-things-that-the-talking-heads-on-television-are-being-strangely-silent-about 

Chinese woman gets death sentence for gold and futures trading fraud
http://www.silverdoctors.com/chinese-woman-gets-death-sentence-for-gold-and-futures-trading-fraud/  
(Just imagine if the CFTC did this!)
 

10 Reasons Why The Reign Of The Dollar As The World Reserve Currency Is About To Come To An End
http://theeconomiccollapseblog.com/archives/10-reasons-why-the-reign-of-the-dollar-as-the-world-reserve-currency-is-about-to-come-to-an-end 

Related Scripture:

A false balance is abomination to the LORD: but a just weight is his delight. - Proverbs 11:1
Some men's sins are open beforehand, going before to judgment; and some they follow after. - 1 Tim. 5:24

Related information:

Satanic Markings on Federal Reserve Notes
http://www.jesus-is-savior.com/Evils%20in%20Government/Federal%20Reserve%20Scam/satan_on_our_dollar.htm 

GATA's Chris Powell: Gold price suppression purposes and proofs
http://gata.org/node/10554 

How Some Rich Bankers Tricked the American People and Gained Control of the World's Economic, Political, Legal and Educational Systems
(一些富有的銀行家怎樣欺騙了美國人和取得了對世界的經濟,政治, 法律和教育體制控制)
http://somehelpful.info/Articles/Bank_trick.htm 

Martin Armstrong: How All Systems Can Collapse Overnight (lessons from history)
http://www.martinarmstrong.org/files/How-ALL-Systems-Can-Collapse-Overnight-709.pdf 

Unprecedented events seen on Earth in first three months of 2012
http://theextinctionprotocol.wordpress.com/2012/03/26/unprecedented-events-seen-on-earth-in-first-three-months-of-2012/ 
 

Jim Sinclair - US Launches Economic War, Gold Reacting
March 26, 2012

“We go to war, challenging the other side to do the same because whatever you use as a weapon, the other side is going to tend to use as a weapon. The weapon that’s being used is the interbank transfer system, the way money is sent from bank to bank.

We’ve already seen that Iran has been basically shut out of the SWIFT system and the SWIFT system is what this is all about. The SWIFT system doesn’t take any money for the money that goes through it. The SWIFT system is like the old telephone company. What it does is charge for the use of its communication.

Believe me the SWIFT system works for the West. It’s located in Belgium and you would think the US had no power on it. It’s never discussed as being a US arm, but it is a US weapon...

You are starting to actually choose economic sides. You see the cruise missile coming over, with SWIFT written on the side, heading straight down into Iran. You see five or six more coming, one says China, one says India and the other three says selectively.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/3/26_Jim_Sinclair_-_US_Launches_Economic_War,_Gold_Reacting.html 

Related article:

BRICS move to unseat US dollar as trade currency
2012-03-25, Thandeka Gqubule and Andile Ntingi

South Africa will this week take some initial steps to unseat the US dollar as the preferred worldwide currency for trade and investment in emerging economies.

Thus, the nation is expected to become party to endorsing the Chinese currency, the renminbi, as the currency of trade in emerging markets.

This means getting a renminbi-denominated bank account, in addition to a dollar account, could be an advantage for African businesses that seek to do business in the emerging markets.

The move is set to challenge the supremacy of the US dollar. This, experts say, is the latest salvo in the greatest worldwide currency war since the 1930s...

Zou Lixing, vice-president of the Institute of Research of the China Development Bank, told the Brics preparatory meeting recently that “although the economic aggregate of South Africa is small relative to the Brics, South Africa provides a gate for the Brics to get access to the huge African market”.

http://www.citypress.co.za/Business/News/Brics-move-to-unseat-US-dollar-as-trade-currency-20120324 
 

Saudi Arabia And China Team Up To Build A Gigantic New Oil Refinery - Is This The Beginning Of The End For The Petrodollar?
March 24, 2012

The largest oil exporter in the Middle East has teamed up with the second largest consumer of oil in the world (China) to build a gigantic new oil refinery and the mainstream media in the United States has barely even noticed it. This mammoth new refinery is scheduled to be fully operational in the Red Sea port city of Yanbu by 2014... 

Essentially, China is running circles around the United States when it comes to locking up strategic oil supplies worldwide.
And all of these developments could have tremendous implications for the future of the petrodollar system...

By 1975, all of the OPEC nations had agreed to price their own oil supplies exclusively in U.S. dollars in exchange for weapons and military protection.
This petrodollar system, or more simply known as an "oil for dollars" system, created an immediate artificial demand for U.S. dollars around the globe. And of course, as global oil demand increased, so did the demand for U.S. dollars...

The trend here is obvious. The US Dollar's reign as the world's reserve currency is ending. The process will take time to unfold. But the Dollar will be finished as reserve currency within the next five years.

http://theeconomiccollapseblog.com/archives/saudi-arabia-and-china-team-up-to-build-a-gigantic-new-oil-refinery-is-this-the-beginning-of-the-end-for-the-petrodollar 

Although Ted Butler has spoken out about the silver manipulation for over 20 years, the U.S. Commodity Futures Trading Commission (CFTC) has done nothing to stop it. He has encouraged people to write the CFTC, but recently the Gold Anti-Trust Action Committee (GATA) said to forget it. GATA has been at the forefront of exposing the gold price suppression scheme of the USG. Some people think that ending the silver manipulation could mean taking down JP Morgan, and taking them down could mean a collapse of $75 Trillion in derivatives that are used to rig the other important markets such as interest rates, currencies, commodities, stocks, bonds, etc. These are the tools that the US Treasury uses to manipulate our monetary world from behind the scenes. It appears that for now God is allowing the price of silver to remain artificially very low to little guys can benefit. Eventually, the word will get out, and then the game will change drastically.

The CFTC has already done all it can about silver -- and everything else
CHRIS POWELL, Secretary/Treasurer, Gold Anti-Trust Action Committee Inc.
Wednesday, March 21, 2012
http://www.gata.org/node/11159 

Related 10 min. video:

SILVER is The Achilles' Heel to the ENTIRE ECONOMIC SYSTEM
http://www.youtube.com/watch?v=QHc4Vp4I9_I&feature=youtu.be 
 

Summary: The US has pulled the nuclear economic trigger on India and Japan in the interest of coercing them to cease trading for oil with Iran. The gun is actually pointed at the US. If the US takes India out of SWIFT like it did to Iran, then India would also be out of the US banking system. This may not happen, but it's serious. Jim Sinclair says that if the US were also to do the same to Japan, it would set up a 3 bloc currency system: the USD, the Yuan and the Euro. Maybe it's just hard bargaining or saber rattling, but the implications are serious.

Related stories:

U.S. May Sanction India Over Level of Iran-Oil Imports
http://www.bloomberg.com/news/2012-03-15/u-s-may-sanction-india-over-level-of-iran-oil-imports.html

What's Really Happening with Gold and Silver in India 
http://www.caseyresearch.com/cdd/whats-really-happening-gold-and-silver-india 
 

Ted Butler: How the Silver Manipulation Scheme Works
The price of silver has been manipulated downward for 30 years, and the CFTC does nothing about it. The game plan is a bit complicated but it repeats over and over.
http://www.netcastdaily.com/broadcast/fsn2012-0317-2.mp3 

Jim Sinclair: the Greek problem is not really solved
The recent events in the EU and Greece and the gold and silver markets were closely tied to cover up the dire situation in Europe. The propaganda and the timing was brilliant. Most people have no idea what's really going on. 
http://kingworldnews.com/kingworldnews/Broadcast/Entries/2012/3/16_Jim_Sinclair_files/Jim%20Sinclair%203%3A16%3A2012.mp3 

Related speech:

Eurocrats Carry On Up The Khyber, Determined and Delusional, says Farage
"Mr Van Rompuy ... I realised you did not mention the D word- default. No, that cannot be talked about. We pretend there has not been a default. Well, we know in fact in Greece last week there was a very major credit event. And indeed, listening to all of you this morning, reminds me of the British comedy classic, 'Carry On up the Khyber' where the colonial English go on having dinner, ignoring the fact that impending disaster is all around them. You are determined but delusional in this attempt to keep the Euro propped up..." http://www.youtube.com/watch?v=tivRCQqBFGA&feature=player_embedded 
 

In 2009, in order to hide the true value of some banks' balance sheets and trick the world's investors, FASB changed its rules on how assets are valued, saying companies could keep two sets of books. This gave the international banking cartel a few years to plunder investors and put the money in real assets, while toxic derivatives kept piling up and the mainstream media told the world that we are in a recovery.

Recently, the cartel has come up with another clever trick, saying that a default on sovereign debt is not a default. This means that those holding credit default swaps will not be affected like they would in an official "default" (see http://en.wikipedia.org/wiki/Credit_default_swap and http://www.washingtonpost.com/business/no-payout-on-greece-default-swaps-isda-says/2012/03/01/gIQA6wDNkR_video.html), and those who trust the mainstream media and all those intelligent men in London, Brussels, NY and DC will think the world financial system is strong and the intelligent men have saved the day.

On March 2, 2012, Jim Sinclair wrote:

This event is the ISDA [International Swaps and Derivatives Association, Inc.] blessing of the credit event which reduced the value of Greek debt to its holders by 70% without triggering a default. They have now made it virtuous to walk away from the once lest risk loans, loans to Western governments. Such a walk away is now deemed a credit event, not the dirty D word, default. ... These Gods of Mammon declared 70% of the Greek sovereign debt to be valueless without guilt, sin or consequences. ... To assume that other nations facing the same problems will not wish the same treatment is madness. To assume the private sector facing the same problems will not demand the same treatment is madness. Therefore QE to infinity is now deemed an act of virtue and blessedness. A 70% haircut in the value of the Greek sovereign debt does not constitute a credit event defined as a credit default according to the most powerful financial entity on the planet, the ISDA
http://www.jsmineset.com/2012/03/02/the-two-economic-clutch-type-events-of-this-period/ 

Related truth from the Bible:

Bread of deceit is sweet to a man; but afterwards his mouth shall be filled with gravel. - Proverbs 20:17

Related articles:

A default that isn’t a default and a sale that isn’t a sale 
Bruce Krasting, Friday, March 2, 2012
http://brucekrasting.blogspot.com/2012/03/default-that-isnt-default-and-sale-that.html 

ISDA: Suckers Wanted
Barry Ritholtz, March 1, 2012
Indeed, why should ANYONE ever buy a derivative again?
http://www.ritholtz.com/blog/2012/03/isda-suckers-wanted/ 

Bernanke warns lawmakers country headed for 'massive fiscal cliff'
Peter Schroeder, Feb, 29, 2012 
http://thehill.com/blogs/on-the-money/801-economy/213351-fed-boss-warns-of-massive-fiscal-cliff 

John Williams - Horrendous Implications for Systemic Stability
King Word News, March 2, 2012
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/3/2_John_Williams_-_Horrendous_Implications_for_Systemic_Stability.html

Eric Sprott - What Happened in Gold & Silver is Stunning
King World News, March 3, 2012
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/3/3_Eric_Sprott_-_What_Happened_in_Gold_%26_Silver_is_Stunning.html  
  

Today was a Cover-Up By the Fed & Mainstream Media
Jim Sinclair's JSMineset, Thursday, March 01, 2012

Dear Friends, 

Because of the volatility you experienced in gold today, and the absolute fact that it was an MSM (mainsteram media) cover operation of today's covert operation, which was one of the largest injections of QE liquidity into the Euro banking system ever, you must know the facts... 12 minute interview on King World News: http://kingworldnews.com/kingworldnews/Broadcast/Entries/2012/3/1_Jim_Sinclair.html  

Ted Butler commented on the price smash, saying that any attempt to explain what happened as anything but manipulative is laughable. He also mentioned that JP Morgan has apparently increased their net short position by around 70% since the beginning of 2012, increasing it from around 13,000 contracts to 22,000 contracts, obviously to prevent the price from exploding. How long they can continue is unknown.