The Morgan Report Blog

Something BIG Is Occurring in the Physical Market for Gold & Silver

Who Dares, Wins! Precious Metals Recapture Strategies

Gold and Silver Paper Shorting Collusion?

In this interview with Ellis Martin, David Morgan of The Morgan Report offers clarification over a discrepancy over the position limits with Comex gold that he had with Gene Arensberg of Got Gold Report, or is the other way around? While paper selling exists, the demand for gold and silver has not abated. “Where is the CFTC when you need them?” Silver and gold shorting seems to continue while regulators may be looking the other way. “The regulations aren’t being upheld.” Mr. Morgan speaks to the possible reasons for all of this, including his own strong opinion.

Precious Metal Supplies Questioned

More questions than answers about availability of precious metals.

http://talkdigitalnetwork.com/2013/05/precious-metal-supplies-questioned/

Palladium and Silver: “Ammunition” in the War against Paper

Important article from the Irish times

Important article from the Irish times
Submitted by Jim Sinclair–
See http://www.irishtimes.com/business/sectors/financial-services/bank-deposits-of-over-100-000-may-be-at-risk-1.1384295

It will be the catalyst to the “Emancipation of Gold” which is from gold paper fraud. Fear of account risk to “Bail In” is going to go viral where big money is concerned. This is one of the factors in the large bull market for physical gold that the paper gold manipulators cannot extinguish with price pressure.

The more these geneses pressure gold the greater the demand for physical gold will become. Please review video #3 from yesterday on Boss Hogg and gold. (Again per Jim Sinclair)

See: http://www.youtube.com/watch?feature=player_embedded&v=e32MBv7VYVk

Bank deposits of over €100,000 may be at risk
Proposals under Irish presidency to deal with European bank collapses likely to ‘bail-in’ large depositors

Deposits of over €100,000 are likely to be hit in the event of future European bank collapses, according to a proposal put forward by the Irish presidency of the European Council ahead of a key meeting of finance ministers next week.

* Discussions on the controversial bank resolution regime, which is likely to see savers with deposits over €100,000 “bailed in” as part of future bank wind-downs, are due to intensify this week in Brussels, ahead of Tuesday’s meeting, which will be chaired by Minister for Finance, Michael Noonan.

“We will try to get some guidance from Ministers about the possible design of the bailout tool,” one EU official said yesterday.

The Irish Times takes no responsibility for the content or availability of other websites.
Under a compromise text proposed by the Irish presidency, uninsured deposits of over €100,000 would be bailed in in the event that a bank is resolved, but depositors would rank higher than other creditors in the event of a wind-down.
In this scenario – known as “deposit preference” – depositors would rank at the very end of the process, with other creditors first absorbing losses.

However, some member states have not ruled out the possibility that insured deposits, i.e. deposits under €100,000, would be forced to bear losses in the event of a bank collapse even though these deposits would be likely to be protected by the deposit guarantee scheme.

However, the explicit exclusion of insured deposits from future “bail-ins” could in fact be included in the final text, according to some sources, with some MEPs in particular keen to include such a provision.
Significant differences still remain between states on the issue, with some countries calling for greater flexibility as regards the application of the new rules on a national basis, including the possibility that individual countries could be permitted to exempt large depositors from losses if a bank fails.

The introduction of an EU-wide bank resolution process, which would govern how banks are wound down, is a key strand of the EU’s plan for a pan-European banking union, which was endorsed by EU leaders at last June’s summit.
However, the chaotic Cyprus bailout instilled the issue with greater urgency, with EU lawmakers now keen to provide clarity around bank collapses.

Moving the burden

This year Jeroen Dijsselbloem, head of the group of 17 euro zone finance ministers, said that losses on bondholders and depositors could form part of future bank bailouts as euro zone officials seek to move the burden of bailouts away from taxpayers – as was the case in the Irish bailout – and on to private investors.
The European Commission argues that this switch from so-called “bailouts” to “bail-ins” would result in an allocation of losses that would not be worse than the losses that shareholders and creditors would have suffered in regular insolvency proceedings that apply to other private companies.
While the inclusion of large savers in future bank bailouts is now widely accepted, significant differences still remain between member states.

While the new rules governing bank resolution were first intended to come into place in 2018, since the Cypriot bailout there have been calls from senior EU figures such as European Central Bank president Mario Draghi and EU economics affairs commissioner Olli Rehn to introduce the new regime as early as 2015.

The Irish presidency of the European Council is hoping to reach a common position by the end of next month.

What’s Next for the Metals, Miners, and Paper?

Ellis Martin Report with David Morgan-Counterfeit Silver Eagles

In this interview with Ellis Martin, The Silver Guru-David Morgan discusses the issue of counterfeit Silver Eagles making their way into the hands of unsuspecting small bullion dealers and investors in the US. It’s a treasonous endeavor evidently. Where are they coming from? Who’s not paying attention or looking the other way? Listen and learn. Also: Ineffective QE pumping with monies not finding their way past the banks and how big can big can the economic bubble get ahead of a world cutting back on manufacturing. Major mining companies consolidate and trim down while junior and mid-tier producers ramp up. What’s going on?

David Morgan — Satisfaction and Opportunity in Chaotic Times, Ellis Martin Report

Federal Reserve confirmed they will go Cyprus if needed, David Morgan Interview 4-20-13

Next Page »

The Morgan Report Blog