Monthly Archives: August 2016

Interesting Intel About Hillary, Huma and Musloid Racism

Huma Abedin has been in the news quite a lot lately.  Yeah.  I’ve been screaming about Huma, who is a high-ranking Musloid Brotherhood operative, for YEARS.  Go to the search box to your right and type in “Huma Abedin”, and block out a few hours for reading.  And since my website remodeling, my archive only begins at January ARSH 2013.  There was even more before then.

I have a correspondent who lives (for work reasons) deep in the heart of the musloid world, and shares all kinds of interesting information with me about the culture and its dynamics.  A while back, we were talking about the racial hierarchy amongst musloids – which is, as you might expect, one of the most wildly racist (in the true sense of the term) cultures on earth.  They all hate each other.  This conversation then led to the citation of Huma Abedin, and that’s when it got REALLY interesting.

So, in case you haven’t been paying attention, Huma Abedin is the daughter of two of the highest-ranking officials in the Muslim Brotherhood.  Huma and her sister have both worked intimately and for YEARS on the Musloid Brotherhood’s propaganda rag, Journal of Muslim Minority Affairs, which was founded by her father, and then taken over by her mother when he died.  These people are Musloid Brotherhood royalty.  Everyone knows exactly who they are.

Now Huma Abedin’s father was Indian musloid, and her mother is a Pakistani musloid. Remember this.  There will be a quiz later.

Apparently, in the musloid hell-world, the hierarchy of races goes like this:

Caucasian musloids are at the top, and hate EVERYBODY.  This group is basically Persians (Iranians), and Turks.

Next are the Arabs.  The Caucasians hate their guts but tolerate them because they have all of the demonic monuments, and because, awkward… “mohammed” was, according to the fictional backstory, an Arab.  So… yeah.

Next comes the North Africans, who are kinda white, or at least used to be.  But we aren’t allowed to talk about that, because over the last 40 years an entire bullshit narrative about the ancient Egyptians being dark-skinned blacks has been promulgated, and all lies must be swallowed whole, with a big toothy grin. Libya, Tunisia, Algeria, Morocco.  All basically caucasoid.

Next in this sad hierarchy comes the East Asians, or as I call them, ‘Da Slants. Shout-out to my Indonesian, Filipino and other rice-eating friends.  But all the musloids listed above hate and look down of the East Asian musloids.

Next on our little world tour, we fly all the way back to Africa, where we find the black-skinned, sub-saharan musloids.  Nigeria, Sudan, etc.

Finally, at the bottom of the list are the SOUTH ASIANS. Afghanistan, India, Bangladesh and Pakistan. They are considered a servant class – probably because they have some of the highest inbreeding rates, and their IQ bell curve is skewed very far left.

So, back to Hillary.  You all know my position on American politics, most especially “presidential” elections: IT IS ALL KABUKI THEATER BULLSHIT. I would sooner sit down and have a serious discussion about the latest in Professional Wrestling than this Hillary-Trump farce.  It’s all fake.  It’s all been planned out for YEARS.

So, your “president” Hillary is going to be utterly disregarded and will have ZERO personal authority or gravitas when dealing with musloid leaders – not unlike Obama, except even worse.  And here’s why:

First: Hillary Clinton is a female, and the musloids won’t be keen to bow and scrape to a woman.  I personally CANNOT WAIT for the first time someone asks Hillary what BILL Clinton thinks of X, Y and Z.  Delicious!

Second: Hillary Clinton is a lesbian.  Do you think that these musloids don’t see the same things we see?  The same interviews with Bill’s mistresses, college acquaintances and Arkansas associates, in which Hillary’s lesbianism was a VERY open secret?

Third:  Hillary Clinton’s lesbian concubine is, by all accounts, Huma Abedin.  They basically live together, and have for years, even sleeping together when on the road.  Huma Abedin was literally Hillary Clinton’s Monica Lewinsky analogue at exactly the same time in the late 90’s.  Abedin was placed in the White House as an intern to Hillary in 1996, and they have been together ever since.  Make no mistake, Huma Abedin will be the Edith Wilson to Hillary’s stroked-out Woodrow. And Huma Abedin is Pakistani-Indian.

So not only is Hillary a woman and a lesbian, but her concubine is the lowest-of-the-low on the musloid racist totem pole.

But wait!  It gets even better!

Up until a few hours ago, Huma Abedin was in a totally, 100% FAKE marriage to the single most repulsive, odious, embodying-every-possible-negative-stereotype-about-Jews Jew, Carlos Danger himself, “The Mongoose”, Anthony Weiner.

Weiner is a textbook somatic narcissist, and sex pervert, having been drummed out of Congress and then out of the Mayoral race in New York City for literally sending pictures of his genitals to, well, pretty much anyone and everyone.

But let’s get super-serious for a moment.  In my work on Diabolical Narcissism, what became clear was that ALL DNs are a CLEAR AND PRESENT DANGER TO CHILDREN.  All of them.  And by extension, all sodomites and aberrosexuals of EVERY STRIPE, because aberrosexuality is derivative of DN, are ALL, EVERY SINGLE ONE, clear and present dangers to children, including their own children, and close family members.

Well, yesterday it was revealed that Anthony Weiner texted a shot of his erection to some random woman with his FOUR YEAR OLD SON, Huma Abedin’s son, lying next to him asleep in bed.

Huma Abedin knows and has known exactly what kind of a piece of shit Anthony Weiner is all along.  She is Musloid Brotherhood royalty, and married and bred with the single most repellant Jew alive today, and then promptly dumped her prop child in the lap of a man she knew to be a psychopathic sex pervert, so she could go rule the world and rebuild the Caliphate with her lesbian sugarmama, Cankles.

So, yeah.  I, for one, can not wait until Hillary Clinton, on some state visit to Yemen or some shithole like that, gets shuffled off to the side, because, let’s face it, the Bangladeshi slave boy that cleans out the pit toilet outranks her on the social precedence scale.

Here’s a lovely recent shot of Edith and Woodrow Wilson, in matching outfits. Don’t plan on actually digesting your dinner.


Chelsea has two mommies.



Starting Monday Off Right: Demons In Disguise Edition

Our Father, Who art in heaven, hallowed be Thy Name. Thy kingdom come. Thy will be done, on earth as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but deliver us from evil. Amen.

PATER NOSTER, qui es in caelis, sanctificetur nomen tuum. Adveniat regnum tuum. Fiat voluntas tua, sicut in caelo et in terra. Panem nostrum quotidianum da nobis hodie, et dimitte nobis debita nostra sicut et nos dimittimus debitoribus nostris. Et ne nos inducas in tentationem, sed libera nos a malo. Amen.


Charon, one of the many demons and demoniacs one can see today in the Sistine Chapel.

The philosophers who wished us to have the gods for our friends rank the friendship of the holy angels in the fourth circle of society, advancing now from the three circles of society on earth to the universe, and embracing heaven itself. And in this friendship we have indeed no fear that the angels will grieve us by their death or deterioration. But as we cannot mingle with them as familiarly as with men (which itself is one of the grievances of this life), and as Satan, as we read, sometimes transforms himself into an angel of light, to tempt those whom it is necessary to discipline, or just to deceive, there is great need of God’s mercy to preserve us from making friends of demons in disguise, while we fancy we have good angels for our friends; for the astuteness and deceitfulness of these wicked spirits is equalled by their hurtfulness.
-St. Augustine, City of God, Book XIX, Chapter 9

Antipope Bergoglio Is Soros’ Man

EXCELLENT reportage over at The Remnant Newspaper by Elizabeth Yore detailing the extent to which George Soros does, in fact, own and control Antipope Bergoglio and his toadies.

Bergoglio is an imbecile – very much like Obama – and isn’t drafting these documents or setting the agenda – it is Soros and his men doing all of it.  Bergoglio is just the false-facade front.  George Soros is now drafting and attempting to impose upon The Body and Bride of Christ AS MAGISTERIAL TEACHING his satanic agenda.

What I did not know, and is quite a revelation, is that George Soros is the largest single landowner in Argentina, owning over 1.2 million acres, and over 150,000 head of cattle.  Yore also reports that Soros has massive financial holdings in Argentina as well.  Given this, it would be naive to think that Soros and Bergoglio’s relationship began in March of ARSH 2013.

Just a heads-up: Keep a close eye on Soros’ sons. Two of them are within the right age range to be the You-Know-What. And by You-Know-What, I mean ANTICHRIST. Face it, IF Bergoglio is, in fact, the False Prophet Forerunner, then that means that the Antichrist is an adult man alive today.  If Soros is the driving and controlling force behind the False Prophet Forerunner, then we need to look at Soros’ associates very closely.  And here are these two sons under the age of 33.

We need to start talking openly about this stuff, and not be afraid of being called “crazy” or “conspiracy theorists”.  It is stupid to not mentally explore these things in advance – like surveying a chess board and working through various moves and scenarios.

Alexander Soros: Born 1985, age 31****
Gregory Soros: Born 1989, age 27 ****
Jonathan Soros: Born 1970, age 46
Robert Soros: Born 1963, age 53

Earthquake In Norcia, Italy

There was an earthquake overnight in Italy, the epicenter, to my and so many other folks’ initial horror, was Norcia, Italy, where the Benedictine monks who make the spectacular beer and chant the entire Divine Office publicly, are located.

Miraculously, despite the epicenter of the initial quake (6.2 magnitude), and the 40 aftershocks, with many of those being in the 4.0-5.5 range, being within just a few miles of Norcia, reports are that Norcia took only minor, superficial damage, mostly fallen plaster and some light masonry damage.  Some houses took zero damage – not even fallen plaster or broken glassware. That is simply incredible for being the epicenter of a 6.2.

Sadly, other towns nearby, worst among them a town called Amatrice, have taken heavy damage, with the death toll now over 20.

I’ll say it right now: I believe that those monks and their chanting of the Divine Office and their daily offering of the Holy Sacrifice of the Mass in the Venerable Gregorian Rite put a hedge of protection over the town of Norcia.  I believe Norcia and its inhabitants were spared what should have been, by all scientific appearances, catastrophic damage.

I get lots of emails from folks asking me where they can give money safely within the Catholic Church.  My answer is always the same.  There are, to my knowledge, TWO options.  First is the North American seminary of the Priestly Fraternity of St. Peter in Denton, Nebraska.

The other is the monks of Norcia (and not that it really matters, but 85% of the Norcia monks are American boys, almost all under the age of 40).

I assume that the Norcia monks will have to idle their beer production for a time as they clean up and get their facility back up to code.  They could probably use some bridge cash while that happens. Also consider buying or subscribing to their beer club.  As a resident of Denver for 15 years, I drank plenty of microbrew.  The Norcia beer, both the dark and the blonde, is some of the best beer I have ever had.  And apparently their brewmaster monk is a good ol’ boy from the Ozarks of Missouri.

And don’t forget to pray for the dead and the survivors of the towns badly damaged over in Italy.

And go to confession. Those folks went to bed last night not knowing that they would stand before Christ at their Particular Judgment just a few hours later. It is sobering, to say the least.

Christ, have mercy.

Lessons In Virility: Public Obscenity, Especially of the Sodomite Variety, Will NOT BE TOLERATED.

Six seconds.

This is how it is done, gentlemen.

Remember, the crime is not in the “property destruction”, the crime, before the throne of Christ, is walking by this execrable filth and doing nothing. Like an effeminate little sis.

If you are serious about taking back our civilization, might I suggest that this sets an excellent example of how to begin.

This is on my YouTube channel.  As always, PLEASE mirror and spread. It is only 6 seconds – the file is tiny.

If you don’t understand what you are seeing, it is an advertisement on a public street for a sodomite hook-up website/app. This fellow has clearly had enough, and did exactly what he should have done.  Not one more precious soul, not one more innocent child, will walk by that ad and be scandalized by it.

If you are sitting there thinking that the ad must have been “legal” according to local statutes, then let me now re-introduce you to the concept of the Social Kingship of Jesus Christ, Sovereign King of the Universe.  ALL LAWS are subject to His Law.  Any laws that are contrary to His Law are ipso facto null and void. Period. Maybe you should worry more about what God Almighty thinks, and less about currying human respect.  In other words, MAN UP.

Starting Monday Off Right: Thy Arm Is With Might Edition

Our Father, Who art in heaven, hallowed be Thy Name. Thy kingdom come. Thy will be done, on earth as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but deliver us from evil. Amen.

PATER NOSTER, qui es in caelis, sanctificetur nomen tuum. Adveniat regnum tuum. Fiat voluntas tua, sicut in caelo et in terra. Panem nostrum quotidianum da nobis hodie, et dimitte nobis debita nostra sicut et nos dimittimus debitoribus nostris. Et ne nos inducas in tentationem, sed libera nos a malo. Amen.

Thy arm is with might. Let thy hand be strengthened, and thy right hand exalted.
Tuum brachium cum potentia; firmetur manus tua, et exaltetur dextera tua.
-Psalm 88: 14

Quick Note on Cattle Marketing DVD Orders

Several folks have indicated that they have sent orders for my Cattle Marketing DVD set.  Many thanks!  Just a heads-up, my order fulfillment elves have taken their annual one week August vacation, and will return mid-week this week. So, don’t panic if you don’t see a check clear, etc.

If I may ask, could you say a prayer for my “order fulfillment elves” whose patience and loyalty in friendship to me personally has been stalwart over the years, and especially since I moved into “The Van Down By the (Waterway)”.  God is very smart, and knows all of the secret codenames.  If you pray for “Ann’s Elves”, The Omniscient Godhead knows EXACTLY to whom that refers. The intention would be for the salvation of their souls and for a hedge of earthly protection around them.  🙂


Starting Sunday Off Right: Wakey-Wakey Eggs & Bakey Edition

Our Father, Who art in heaven, hallowed be Thy Name. Thy kingdom come. Thy will be done, on earth as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but deliver us from evil. Amen.

PATER NOSTER, qui es in caelis, sanctificetur nomen tuum. Adveniat regnum tuum. Fiat voluntas tua, sicut in caelo et in terra. Panem nostrum quotidianum da nobis hodie, et dimitte nobis debita nostra sicut et nos dimittimus debitoribus nostris. Et ne nos inducas in tentationem, sed libera nos a malo. Amen.


“Hell is full of the talented, but Heaven of the energetic.”
St. Jane Frances de Chantal

Starting Saturday Off Right: St. Bernard & The Antipotato Edition

Our Father, Who art in heaven, hallowed be Thy Name. Thy kingdom come. Thy will be done, on earth as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but deliver us from evil. Amen.

PATER NOSTER, qui es in caelis, sanctificetur nomen tuum. Adveniat regnum tuum. Fiat voluntas tua, sicut in caelo et in terra. Panem nostrum quotidianum da nobis hodie, et dimitte nobis debita nostra sicut et nos dimittimus debitoribus nostris. Et ne nos inducas in tentationem, sed libera nos a malo. Amen.

Deposed Christ Embracing St. Bernard of Clairvaux, Francisco Ribalta

Deposed Christ Embracing St. Bernard of Clairvaux, Francisco Ribalta

St. Bernard of Clairvaux opposed Antipope Anacletus II, whose antipapacy was purely rooted in the political realm, and did not involve the daily spewing of blasphemous heresies and an open attempt to utterly destroy the One True Church and create a One World Religion.

Imagine what St. Bernard of Clairvaux would have said of the blaspheming heretic that is squatting on the throne of Peter today….

“That beast of the Apocalypse, to whom is given a mouth speaking blasphemies, and to make war with the saints, is sitting on the throne of Peter, like a lion ready for his prey.”
-St. Bernard of Clairvaux to Magister Geoffrey of Loretto, Letter 37, on Antipope Anacletus II Pierleoni

TOLDYA: Zerohedge Reports Cattle Futures Market Disintegrating, Delinking From Cash

If you remember my open letter that I wrote upon shutting down my commodity brokerage firm in November of ARSH 2011, i ended it with the words of David from Psalm 117: 23, “This is The Lord’s doing: and it is wonderful in our eyes.”

At the time, I spoke those words through gritted teeth.  It stung to quit “early”. I had just turned 35.  In my mind, quitting, being “beaten” and failure are admittedly intertwined.

Now?  Oh, goodness.  If I had a tambourine, I’d go dancing down the street.  Thank you, thank you, thank you Jesus for extracting me out of that mess when You did.

I quit primarily because of Jon Corzine’s brazen theft of $1.6 billion of segregated customer funds, with ZERO consequence and, in fact, the clear cooperation of the CME Group, the CFTC, SEC, National Futures Association (a straight-up, textbook racketeering organization if ever there was one), judiciary, Department of Justice and United States Congress.  MFGlobal will go down in history as a watershed event that publicly blew the lid off of the true state of lawless oligarchy in the former United States – even though only a handful of people ever really heard about it, and even fewer understood it.

Yes, I did also perceive, and spoke and wrote at length both here, in my Economics video presentation, and in various interviews and podcasts, about the futures markets descent into total fraud and eventual irrelevance because of High Frequency Trading – that is to say, computer algorithms taking over the market, and making them basically impossible to trade.  This all began at roughly the same time that the Chicago Mercantile Exchange changed from being a non-profit entity to a for-profit entity.  Once that shift was made, the CME management no longer gave a crap about protecting market integrity, and thus protecting the market participants themselves, but rather in generating as much income as possible.  To that end, two things happened: first, the CME stopped performing its primary function of acting as the universal guarantor and backstop.  When Corzine swept the MFGlobal customer accounts in order to pay his proprietary margin call on his hyper-leveraged in-house repo and credit default swap trades with JP Morgan and Goldman Sachs, and the CME did not immediately step in and guarantee the $1.6 billion in customer accounts despite the fact that their emergency slush fund at the time topped $8 billion – leaving the MF Global customers not only the victims of theft with zero legal recourse, but refusing to allow then to EXIT THEIR TRADES, thus exposing them to incomprehensible risk – that was when we knew that the CME was truly finished, and that the whole Godforsaken mess would implode upon itself eventually.

Second, when the CME transitioned to for-profit, their drive became to generate as much income from “transaction fees” as possible.  Enter the High Frequency Trading paradigm.  The CME saw the immense volume of trade that HFT would and does generate, and saw that their “future” was not in you know, actual, legitimate hedging and price discovery of physical commodities, but rather in turning the CME into a giant computer gaming platform.

It also bears mentioning at this point that the CME opened up and began actively soliciting and incentivizing with reduced margin requirement rates Central Banks, as in the Federal Reserve Bank of the U.S., the European Central Bank, the Bank of Japan, etc., yes, central banks that have the ability to PRINT THEIR OWN MONEY, to trade the markets. The CME knew as well as you and I know that allowing an entity that can literally print its own money to meet margin calls effectively destroys the concept of price convergence and price discovery of physical commodities.  AND the incomprensibly sick notion that it is okay for Central Banks to trade the derivatives markets on THEIR OWN SOVEREIGN DEBT PAPER.  But they did not and do not care.  All they care about is the massive income generated by the fees paid on every transaction by these enormous, high-volume “customers”.  And the actual hedgers and producers of physical commodities who are simply looking for risk management tolls can all GO. TO. HELL.

Well, well.  Now we have reportage over at Zerohedge that my old markets – the Live Cattle futures markets – are basically now a completely untradable, unusable monstrosity, and all of the remaining “human” traders and hedgers are throwing up their hands and leaving, because the HFT influence over the markets has caused MASSIVE volatility – volatility so severe that the intra-day margin calls, of which there could be several in both directions per day, are potentially ruinous to any sort of legitimate client.

I wrote about exactly this all the way back in ARSH 2011.  I warned that the deathknell of these markets would be the DELINKAGE of the cash (physical) market from the futures markets.  I wrote my explanation in the context of metals, but it is now happening with cattle.

And yes, this feeds EXACTLY into my cattle marketing DVD set, which is all about discerning not merely price, but VALUE of physical commodities, and value is a completely different animal from price.  Once VALUE is determined, one can then see which classes of a given physical commodity (in this case, cattle of all sizes and types) are OVERVALUED and which are UNDERVALUED, and the profit spreads between them.  The price becomes almost irrelevant, and is really only a function of UNITS, not informative in-and-of-itself for discerning which cattle should be SOLD and which cattle should be BOUGHT within the spectrum.  Further, volatility becomes not only manageable, but sometimes beneficial as it causes unskilled marketers who operate on emotion to inject profit opportunity into the physical market because of their bad, emotionally-driven decisions.  So long as the SELL and the BUY are executed at the same time, the overall price level in that moment is irrelevant, and volatility becomes moot – provided, of course, that one is NOT leveraged, or only very, very minimally leveraged.  Leverage re-exposes even the soundest marketer to risk.  Leverage is dumb, no matter how low the interest rate. Again, this paragraph is talking about PHYSICAL commodities.  The futures markets are FINISHED, and if you trade them, you are A FOOL, and will deserve whatever you get.

Here is a reprint of the piece I wrote about this delinkage of markets as they die from back in ARSH 2011.  It is presented in terms of metals, but the concept is the same for all physical commodities and their forward delivery (futures) markets.


Originally penned and posted on December 15, ARSH 2011.

When Markets Disintegrate: Cash-Futures Delinkage

Finally, a very simplistic explanation of how the cash commodity markets are soon going to decouple from the futures markets. This is a little complex, but stay with me. I think this is important to understand because none of us who have lived our whole lives in the U.S. have ever seen a market disintegrate.

The threat (or promise) of delivery upon expiration is what keeps the futures markets tethered to the cash markets. Up until now, if an unreasonably wide spread between the futures price and the underlying physical commodity market got too out of whack, a process called “arbitrage” would kick in. Arbitrage is when a party simultaneously buys and sells on two separate but related markets in order to capture an inefficient spread between those two markets.

I’m going to use precious metals as my example commodity because there are a lot of metals guys reading this, and because the metals markets will be the big tell in term of when decoupling and thus total futures market disintegration is upon us. But these examples apply to all of the physical commodities.

Let’s say that the physical silver market is trading far lower than the silver futures price. This is what is called a WEAK BASIS. The BASIS is the relationship between the cash market and the futures market and is very simply defined as (CASH minus FUTURES). If cash silver can be bought at $25.00 per ounce and the futures are at $30.00 per ounce, the cash is $5.00 under the futures. When cash is under the futures, this is called a WEAK basis.

Up until now, what would a metals trader do? In very simple terms, he would buy the cash silver at $25.00 per ounce and then simultaneously sell the futures at $30.00. Because he has short-sold the futures, he could hold the contract to expiry and then deliver the $25.00 cash silver he bought to make good on the contract and receive his $30.00 price. So his simple net profit would be $5.00 per ounce. As many traders saw this spread and simultaneously executed this same strategy of buying the cash and selling the futures, what effect would this have? Right. It would cause the cash-futures spread to move back in toward convergence by pushing the futures price down (lots of sellers) and propping the cash market up (lots of buyers).

Now the opposite scenario: a STRONG basis. Let’s say cash silver is trading at $32.00 and the futures are trading at $28.00. A trader might take physical silver that he has in inventory and sell it in the cash market, and then immediately take those proceeds and buy back and equal number of ounces in the futures market and take delivery. Since the same number of ounces in the futures market cost $4.00 per ounce LESS, he would end up with the same number of ounces in his inventory PLUS $4.00 per ounce in CASH in his pocket. If he and many other traders saw this condition and they all sold cash silver and bought the futures, this would, again, converge the spread between the cash market and the futures market.

The lynchpin that is holding this dynamic together and keeping the futures markets tied to the underlying cash market is the fact that the futures contracts are deliverable, and a trader can either deliver or take delivery of actual physical silver via his futures position.

Are we seeing a problem yet? The futures markets have lost their viability and trustworthiness because of the MF collapse and theft. At some point in the not-too-distant future, people everywhere are going to realize that the delivery mechanism is not reliable. Heck, just holding cash and/or positions in a futures account is no longer reliable. If the futures market itself is not reliable, traders will no longer attempt to arbitrage these basis spreads because the risk to the trader that the rug will be pulled out from underneath them is simply too great.

And in the metals markets, the delivery process itself is . . . um . . . shall we say, easily corrupted? When you ”take delivery” of physical metals, it doesn’t get sent to your house. All you get is a certificate saying that X number of ounces are being held in a certified vault somewhere with your name on them. After the MF collapse, that sounds like a joke, right? A CERTIFICATE with my NAME ON IT? Yeah. That really is how it works.

When the arbitrageurs finally lose all confidence in the markets, the cash market will decouple from the futures because no one will be willing to take the risk of having their money, positions and/or physical metals stolen/confiscated. If no arbitrageurs are willing to trade these spreads – no matter how wide they may become – and thus there is no force causing the cash and futures to converge, we will see the basis spreads become extremely wide. As people flee the futures markets, the futures prices will drop, while the cash markets hold steady or even diverge and actually rise as all of the former paper players realize that physicals are the only remaining game to be played.

Watch for this. Watch for the gold and silver futures to sell off as people walk away from paper while the online cash dealers, seeing that market demand for their physical inventory is robust, begin to ignore the futures prices and hold their prices steady or even raise them. When you see this basis decoupling and absence of arbitrage, lo, the end is nigh.