Bill Murphy posting a bunch of reports over on GATA that are downright scary 'cause no one knows where all this is going to lead. This is one bad scene. A few snippets from tonight's Midas:

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This input is very disturbing…

- There is a directive to banks to not any longer sell gold to the public
- Also there are efforts to reduce the amount of gold and silver which goes into the retail market to lessen the strain on the 400oz bullion bar market in London - this one determines the price. In this way they decouple demand from the price finding mechanism.

The system is now on its last legs on both sides of the Atlantic. More desperate measures are on the way as it looks. But according to Richard Russell: inflate or die. If rumor 1 becomes reality next week, it will be definitely "die" for the elites, because there will be a general uprising.

There is almost no gold available here in Europe. In Germany now banks decline sales (because they have no supply or because of this directive, I don't know). But here in Austria, gold is still available from some banks, although the quantities are limited. There is also a massive run on banks for cash everywhere, even central bankers admit it.

Probably this is of interest to your readers of Midas.

Best Regards from Vienna, Austria
Walter K. Eichelburg

!!!!! This addendum in late this afternoon:

Dear Mr. Murphy!
I've just learned that most German banks no longer sell gold - the sales ban is now active. Prospective customers hear: we do not sell gold any longer, etc. But not: we cannot procure it. Because this new regulation is of course secret, not all banks know about or comply.
There are some signs that Swiss banks join in, or they are no longer able to procure any metal. Best Regards, Walter K. Eichelburg Vienna, Austria

One more…

Bill: One more bit of information: After Iceland, now Hungary goes into sovereign default. They cannot sell their government bonds any longer - failed auction. ´Now everybody wants to get rid of them. Now a chain reaction of sovereign defaults is upon us. Gov. bonds are now "infected" too. Best regards, Walter K. Eichelburg