Harvey Organ: Tremendous Physical Shortage! The Moment London is Out of Silver, the COMEX Will Be Out in a Nano-Second !

[youtube=http://www.youtube.com/watch?v=BERp8re0QHI]

• Harvey Organ: The Moment London is Out of Silver, the COMEX Will Be Out in a Nano-Second! 
  by http://www.silverdoctors.com/ 
  Harvey Organ joins us again for an explosive interview discussing this week’s breakout in gold and silver, the developing ‘TREMENDOUS PHYSICAL SHORTAGE‘ in the silver market, and concerns with unallocated gold and silver accounts, which Harvey describes as nothing but paper notes and obligations. Harvey also discussed recent reports that the LBMA is refusing to deliver silver outside of the LBMA system: They won’t deliver it outside of the system because there is no silver! That’s a real crisis!  The moment London is out of metal, the COMEX will be out in a nano-second!
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  Harvey also discusses Romney’s threat to fire Bernanke and what it means to Fed monetary policy prior to the elections, the Republican party’s announcement of the development of a ‘gold commission‘ with the goal of returning the US to a gold standard will be official Republican policy and MUCH MORE.
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  When asked about this week’s big moves in gold and silver and whether we are witnessing the start of a historic rally in the metals Harvey responded:
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  No question.  The key development that Ned Naylor-Leyland discovered is this big physical purchase of silver that had to be settled INSIDE of the LBMA.  They won’t deliver it outside of the system because there is no silver! That’s a real crisis!   I’ve always advised the CFTC that the moment London is out of metal, the COMEX will be out in a nano-second!  It will travel across the pond as quickly as possible and could cause a default of the COMEX. This is why you’re seeing massive movements of silver in the vaults, all over the place.   Every day there’s been over a million ounces moving around.  Whenever you start seeing that, then you know there’s trouble.   It’s Peter robbing Paul to pay somebody else.   It’s just going on, and on, and on, and it’s now coming home to roost.   And our friend the banks – JPM have their hands full!
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  Harvey goes on to discuss the physical shortage developing in the silver market:
  Eric Sprott still hasn’t got his silver yet.  I can’t remember exactly how much, but he’s still short on his order.  He hasn’t completed it yet as of last week.  I’m telling you, there’s a TREMENDOUS PHYSICAL SHORTAGE out there, and it’s reflected in the price rising.  The price of silver has been closing at it’s highs at the COMEX close which is very positive. Now I expect a little raid Friday.  The bankers are trying to quell the HUGE DEMAND so I expect a raid to try to smash the price down, because the shortfall for Morgan is just annihilating them!
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  They have problems on their interest rate swaps which are killing them!  They have $ Trillions of interest rate swaps and they’re short the 10 year T-bond.   That’s been hurting them because of the rate of movement of the yield caught them off guard.  They lost on that, they lost on their IG9 London Whale trade, and now the rise in silver.  That’s three whamo’s against them, and they’re sweating bullets!    It’s certainly reflecting now in the silver and gold price.
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  read more!

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