Yet another shoe to drop in the financial meltdown -- non-delivery on commodity futures, which I would think would take out the COMEX. Anyone with any sense would be bailing out of these worthless contracts as they have no government bailout -- yet.

p.s. I wrote RM on the "new" Beltran story for his comments -- will post when received.

NoBear...I Appreciate your E-mailing RM.

So what do you think about the Dow running up from 8,451.19 to 9,794.37, before more de-leveraging took it back down to 9,310.99? This shows you in spades that the big plunge we experienced last week was totally contrived. The PPT was obviously able to support the markets had they chosen to do so, because nothing has really changed from last week, other than the fact that we will get credit injections instead of toxic waste purchases from the first div's out of the Paulson Ponzi Plunder Plan. They chose to withdraw their support, allowing a rapid plunge instead of an orderly descent, and then ran it right back up again, albeit to a lower level. They let the carry trade unwind to hit precious metals, while the Mother Theresa of high finance, Jim Cramer, scared all the retirees out of their wits. Then they used the thin trading on Columbus Day and some short covering to run it right back up in rapid fashion, taking everyone by surprise who was not an insider.

"...These manipulations were the payoff to specs, via both shorting and direct investment, for staying out of the commodity markets, especially the precious metals markets, so their beloved commercial shorts could cover their paper gold and silver shorts in the futures markets. The rapid decline was the first phase of the reward via shorting. This decline had two phases. First, non-financials were shorted right after the Paulson Ponzi Plunder Plan was passed, and that continued through last Wednesday. On Wednesday, the ban on shorting of financials was lifted, so needless to say the financials were thoroughly hammered on Thursday and Friday. And this latest big run-up, which occurred out of the blue while all the frightened non-insider investors quivered and shook on the sidelines, was another reward to the insiders who knew this was going to happen after everyone had a chance to cover their shorts."

"...All future market gyrations will be counterintuitive, so that use of fundamentals will be rendered useless, along with black boxes, which are based on what markets do normally by use of probability statistics.

For instance, the sudden plunge, which occurred unexpectedly after the Paulson Ponzi Plunder Plan was approved and after insiders had a chance to load up on shorts, is a perfect example of markets moving contrary to expectations. Then came the big run-up, which occurred while all the non-insiders were standing on the sidelines, licking their wounds and taking their nitroglycerine pills. This big run-up, touted by the fane-stream media as the big turnaround from the recent bottom when nothing has changed, was used to suck the dupes from the investing public back into the markets for another fleecing. Unbeknownst to the public, the Illuminist insiders were loading up on shorts again through the dark pools of liquidity, ready to steal the hard-earned money of the non-insiders once again in another plunge into the abyss, and in another orgy of profitable fraud, as the PPT sticks it to the public ad nauseam. This is why all of you must get out of the stock and bond markets, AND STAY OUT! Use all run-ups as an opportunity to exit. Do not play their games. Do not empower them.

Simply put your sales proceeds from dollar-denominated paper assets into gold and silver related assets and wait for the price explosion as hyperinflation and outrageous risk take the system down, and send gold and silver to the moon. If you try to chase after the Illuminist insiders in the general stock and bond markets, you will be systematically vaporized, one excruciating step at a time. Case in point: After running the Dow up over 1,900 points from a multi-year low of about 7,900 on Friday to a recent high of almost 9,800 on Tuesday, the Dow has already plunged 800 points as of the time of this writing between late Tuesday and Wednesday morning. Gee, aren't you jumping for joy that you bought back into the stock markets as the run-up was peaking to soak up all those "bargains?" Are you starting to get the picture here? You cannot beat insiders when the regulators are in their back pockets.

What we need now is a three-prong approach. Retail gold and silver investors, who we are very proud of for their steadfast commitment to gold and silver in the face of outrageous and brutal beatings, must continue to strip the dealers of all their gold and silver. Then, those who are well-heeled, such as non-Illuminist hedge funds and institutional investors, as well as non-Illuminist wealthy individual investors, must start paying cash for COMEX gold and silver bars by executing contracts for purposes of taking physical delivery, as opposed to speculating, thus emptying out the cupboards of the commodity exchange. Producers should, individually or in groups, start the process of vertical integration, buying out smelters and dealers so they can sell their production at far more profitable retail levels, thus siphoning supply away from the wholesale gold and silver markets and breaking the fraudulent commodity exchanges run by big commercial banking interests that are forcing them into ruin. If we all work together, we can break the back of the cartel and achieve the profits, which our investment wisdom and steadfast commitment to the cause of precious metals deserves. We would like to see some of the money being pumped into the gold and silver ETF's going into the purchase of gold and silver resource stocks, as they desperately need your help to support stock prices. Otherwise, they will be forced to dilute themselves into oblivion by selling an inordinately large number of shares to finance their operations. With oil down now, and the Illuminists forcing the credit markets open again, and hyperinflation on its way at ever-increasing levels, there could be a real bonanza waiting for us in the resource sector."

http://news.goldseek.com/Internation...