13:05 ET Dow -154.48 at 10309.92, Nasdaq -37.61 at 2138.44, S&P -19.130 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 0 1 100001 0 1 0 1 1 0 1 0 00 0 1 1 1 0 1 100001 0 1 1 100001 13:05 ET Dow -154.48 at 10309.92, Nasdaq -37.61 at 2138.44, S&P -19.1313:05 ET Dow -154.48 at 10309.92, Nasdaq -37.61 at 2138.44, S&P -19.13

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Monday, December 19, 2011

Missing Silver Bars as MF Global

Missing Silver Bars as MF Global
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Bix Weir bix@roadtoroota.com via aweber.com 
10:47 AM (1 hour ago)
to me
The ramifications of the MF Global collapse are intensifying around the world and investors are waking up to the reality that their assets are 100% at risk if held by another party. The entire electronic financial system is imploding as we speak and this includes savings, checking, CD's, 401k's, stock portfolios, bond portfolios...you name it. All of them are going up in smoke and if you are still "in the game" you are likely S.O.L. this late in the game. Even if you do get your money out before your bank or broker goes bankrupt the bankruptcy courts can exercise "claw-back provisions" to go after the $ you received 90 days prior.
 
Barrons just released an article that would have been banned from the mainstream media just a few month ago:
 
The Silver Rush at MF Global
 
"The trustee overseeing the liquidation of the failed brokerage has proposed dumping all remaining customer assets--gold, silver, cash, options, futures and commodities--into a single pool that would pay customers only 72% of the value of their holdings. In other words, while traders already may have paid the full price for delivery of specific bars of gold or silver--and hold "warehouse receipts" to prove it--they'll have to forfeit 28% of the value."
 
I have no sympathy for anyone who invested in or trades paper metal.  For years the risks were exposed and explained and anyone who held gold or silver in paper SHOULD have known the risk of total loss. The RUN on paper metal will not last long when it begins. The game of musical chairs will end in a blink of an eye so be ready for it.
 
The explanation of the demise of MF Global that I gave on my latest interview is turning out to ring true...
 
Part 1: Understanding MF Global
 
Don't be caught in the implosion. Remove all your metal from ALL 3rd parties. They will not survive the coming crash but YOU can.
 
Metal in your hot little hands...ONLY!
 
May the Road you choose be the Right Road.
 
Bix Weir
 
 
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