Gold Surges To 4-Month Highs, page-328

Well now.............!!!!!!

Six of the world’s largest mining companies – including the world’s second largest miner, Rio Tinto – abruptly resigned their membership on the London Metal Exchange.  No reason was given for why 10% of the Exchange’s “Category 5” members resigned, but many are speculating that it has something to do with ongoing criminality in the fraudulent paper markets.
Those markets may have been catalyzed by last week’s heinous “fixing” of the silver fix – in which a handful of bankers decided the day’s physical delivery price should be 6% lower than the prevailing paper price.  Immediately, the world’s largest silver miner, Poland’s KGHM, loudly complained of this blatant manipulation; and after the London Bullion Market Association (LBMA) did NOTHING, 10% of the Exchange’s mining company members resigned their memberships a mere four days later.
In the view of many people familiar with markets, this is the BIGGEST NEWS IN GOLD AND SILVER MARKET HISTORY! For the first time ever, the miners are fighting back.  And given that Rio Tinto is not Precious Metal-focused, it couldn’t be clearer that the mining industry, generally speaking, suspects the paper market to be the fraud many have been shouting from the rooftops of since first reading GATA 14 years ago.
This draconian, shocking turn of events may catalyze additional miners – and investors – to scrutinize said paper fraud more closely.  Which, in the case of the base metals and other industrial commodities Rio Tinto focuses on, will unfortunately have no material impact on the price, given the massive product oversupply and declining demand.
Conversely, in gold and silver, where demand is skyrocketing, supply plunging, and inventories vanishing, we would not be surprised if it acts as a “black swan” catalyst to significantly damage – if not destroy – the gold and silver Cartel.  And with it, one of the few remaining threads of “stability” in the dying global monetary system.

Rio Tinto... Cargill International S.A... Nyrstar Budel BV... Enmetco LLC... Lonconex Limited and MetAlliance LLP.