Quietly and without fanfare or mainstream media attention, liquidity is migrating to the physical Gold & Silver exchanges away from London and the USA. The fiat paper gold market fix painting is unsustainable without increasing the amount of manufactured market supply ( alias physical gold) to offset the outflows to the East (Shanghai Gold Exchange)…and we’re about to reach the limit of what is technically possible.

Talk-down is an act of desperation revealing a weak hand. When there are no arrows left, they try to talk down…and such usually works for some time until the unavoidable happens…like happened in the 1960’s – 70’s

The global gold market structure has so radically altered that the physical markets have migrated and continue to migrate away from the LBMA conduit into Asia, leaving massive embedded naked-short mismatched lease obligations on the books of the central banks, which are largely shuffled onto the books of the agent bullion banks, the same insider bullion bank’s that are privileged to have gold accounts with the Bank of England.

Producers are increasingly able to access non-predatory alternative non-LBMA & COMEX financing and selling conduits in the East. The Shanghai Gold Exchange fix will be settled in yuan and involve 15 Chinese banks but also include at least five of the same LBMA banks that rig the London fix. But there is a major difference. These fix prices will represent delivered physical bars without any paper market dilution and most importantly all participating banks will be heavily regulated and unable to spoof or paint the fix as they do now.

Next year will be one of “HOUSTON , YELLEN has a PROBLEM”…and markets will probably go crazy when they hear it!

(Video length 00:05:16)