“Massive Storms” In Silver Market Before American Election, Expect $150 Silver!

• “Massive Storms” In Silver Market Before American Election, Expect $150 Silver! 
  by Dominique de Kevelioc de Bailleul, http://etfdailynews.com/
  Speculation of a post-presidential-election-central-bank-coordinated money bomb of fresh new cash from the Fed, the ECB and other central banks, appear to be just that: speculation.  That, according to a regular guest of Eric King’s King World News (KWN), Swiss money manager Egon von Greyerz.
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  The global central bank bailout and “the coordinated money printing I have been talking about for a long time is going to happen this autumn,” says von Greyerz.  “I can see an autumn with massive storms, Eric.” Not only has the precious metals market sniffed out an imminent and overt global QE3 plan, the western bank cartel is presumably buying the Spanish 10-year bond ahead of the announcement, taking rates sharply down within a two-week period to 6.02 percent, from a 7.62 percent print of Jul. 24.  Buyers of the Italian 10-year nearly achieve the same performance during the same time period.
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  Those moves serve as a telltale sign that a money bomb will come before November. “They [ECB and IMF] must do everything they can to eliminate counterparty risk because the counterparty risk in the system is massive,” adds Greyerz, which may include strong-arm tactics, according to Mail on Sunday American columnist Mary Ellen Synon.
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  She surmises that the ECB’s planned policy action of “outright market transactions”, as ECB President Mario Draghi called the debt monetizing scheme in an ECB press release this week, will contain provisions that include the classic IMF ‘carrot-and-stick’ approach to getting things done.
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  “There will be pressure from one country to the next,” von Greyerz continues, “and the ECB, European governments, the IMF, and the Fed, they will all be fighting to keep the system together and that will mean printing more money.”
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  All of that drama in Europe will take place before Nov. 6., according von Greyerz, who relays his recent observations of frantic activity in the paper gold market taking place behind the scenes.
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  Someone doesn’t believe any plan put forward by the ECB to stabilize the PIIGS will work, with a history of two previous plans by the troika having already failed.  This time, the big players are going for the physical gold, and its rumored that those creating a stir in the physical market come from the East.
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  “I need to add that we are now seeing a lot of fund managers and investors moving out of gold ETFs, and taking delivery of physical gold and holding it outside of the banking system,” he said.
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  “The reason for this is investors and asset managers are becoming deeply troubled at the thought of a systemic collapse, and the gold being encumbered inside the banking system in that circumstance.”
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  von Greyerz, KWN’s most bullish contributing analyst, believes the coming weeks will start the next leg higher in the gold price, with the bulls taking gold to bizarrely high levels as the result of the panic deliveries of physical gold and silver bullion (an observation also made coincidentally by one of Hat Trick Letter publisher Jim Willie’s sources).
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  “This move in gold and silver has barely started,” von Greyerz concludes.  “We will eventually see $100 up-days in gold, and silver will move several dollars in a single trading day.  So we will see an acceleration this autumn.
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  “We will reach these short-term targets of $50 in silver, and roughly $2,000 in gold.  But I would add that I expect gold to reach $4,000 to $5,000, and silver $150, without any major correction.”  The time frame for such a massive move, he has said in previous interviews with KWN, is 12 to 18 months.
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