The Gold manipulation will continue until the Gold market is totally broken

The Gold manipulation will continue until the Gold market is totally broken, until the big banks that control it are totally broken, or until the USDollar & USTBond structures are totally broken.  Personally, I am encouraged by the mid-April events to crash the Gold price.

It has resulted in exposure of the criminal element, in exposure of the COMEX & LBMA as being desperately low in Gold inventory, in exposure of the great difference between paper Gold price (futures contracts) and physical Gold price (actual high volume sales), and in tremendous motivation by the very wealthy to reclaim their Gold in Allocated Gold Accounts. The bankers have brought to the table a Prima Facie case that their corrupt Gold market attack was motivated by having no Gold for contract delivery.

The next great scandal will be centered upon the Allocated Gold Account thefts, which my excellent source informs me involves the improper usage, leasing, and theft of over 20,000 metric tons of Gold bullion.

The German Government formal request for repatriation is the tip of the iceberg.  It is a contest, a race, between the breakdown of the USD/USTBond structure and the COMEX & LMBA Gold market structure. The former is in the process of being rejected by the Eastern nations, now organized. The latter is in the process of being recognized as an empty arena with no Gold in inventory. Read more >>

Record Gold Imports by India

Gold imports by India, the biggest bullion consumer, likely reached a record last year driven by investment demand, according to the World Gold Council.

Purchases were about 800 metric tons, compared with 557 tons in 2009, Ajay Mitra, managing director for India and the Middle East at the producer-funded group, said today in a phone interview from Dubai.

Imports at that level “would be the highest for India in its history,” he said. The group hasn’t released final data for last year. Purchases in 2010 may exceed 750 tons, Mitra said Nov. 17. The Bombay Bullion Association said Jan. 3 imports probably totaled 700 tons in 2010. More...

Interest among central banks to own Gold increases

IMF Oct gold sales down 40% to 628,000 ounces
commodityonline.com
International Monetary Fund said its gold sale in October dropped 40 percent to 628,000 ounces compared with September.

In a statement, IMF said it has cut down the sales under its pre announced open-market bullion sales plan as interest among central banks to own the metal increased as a hedge against economic uncertainty.

The IMF last year announced planned to sell 403.3 tonnes of gold to boost its lending resources. cumulative on-market sales of IMF gold to the end of October was 4.8 million ounces (148.6 tonnes).

Gold previously sold directly to central banks were 222 tonnes to India, 200 tonnes to Mauritius, 10 tonnes to Sri Lanka and 10 tonnes to Bangladesh.

October's gold sales were sharply below the 1.04 million ounces sold in September, when nearly a third of the sale was going to Bangladesh.

Many analysts expect world central banks as a group could become net buyers this year despite IMF's gold sales, reversing a trend in the last several decades.

Gold prices hit an all-time high of $1,424.10 early this month before retreating. The rally was driven in part by expectations that the Federal Reserve would buy back U.S. Treasuries to stimulate economic growth.

However, gold's rally appeared to stall despite concerns about the fiscal health of euro zone economies after a bailout on debt-stricken Ireland and rising tensions on the Korean peninsula.