CME Declares Force Majeure at Manhattan Gold Depository

Where there is smoke, there is fire.  Paper certificates may be irreparably damaged by flooding, but gold bars are indestructible by water--or even fire (i.e., it is merely melted down).  Hurricane Sandy is providing a convenient scapegoat for those whose vaults are empty, and a declaration of force majeure is the ultimate cover, SOMETHING WE HAVE PREDICTED MANY TIMES.

This is the language centered around a force majeure to provide cover for the CME:

In a notice to customers on Monday, CME declared force majeure, a contract clause that frees parties from liability due to an event outside of their control, for the facility.

In a notice to customers on Monday, CME declared force majeure, a contract clause that frees parties from liability due to an event outside of their control, for the facility.

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Folks, the time has cometh.  The shortage in physical gold (and silver) is now forcing depositories to short-deliver physical inventory, as it just doesn't exist.  People who believe they have legal claim to physical inventory only own a paper certificate, with physical delivery another proposition.  The CME's vaults are half empty, so they have had to resort to blaming Mother Nature, covering up the fact that the emperor has no clothes (gold).  The masses have been hoodwinked--again.

YOU HAVE BEEN WARNED--many times.

CME Declares Force Majeure at Manhattan Gold Depository

Read more: http://www.foxbusiness.com/news/2012/11/26/cme-declares-force-majeure-at-manhattan-gold-depository/#ixzz2DSbXUFLB

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