It is very possible that, with gold regularly pounding out new highs, control over the global financial system has been broken and the massive wall of debt is collapsing upon the markets. From this comment at FOFOA’s blog, the suggestion from Bill Murphy of Le Metropole indicates that the warning signs present during the last stage of the global financial crises are upon us once again. This time, there has been little notice outside of those who dig deep and pay attention to what goes on behind the scenes.

The relevant bits:

As reported yesterday, M2 money supply grew more for the latest reported week than any week in history EXCEPT the weeks of 911 in 2001 and the “Lehman week” back in 2008. In other words The Fed is throwing money at “something”. Whatever this “something” is it must be bad and it must be very very big!

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We can speculate as to what this might be, it could be that the run on European banks has intensified or begun here in the States. It could be 1 or several institutions (a better bet on several), it could be 1 or more giant hedge funds have blown up. It surely could be that a sovereign has it’s back up against the wall (Spain or Italy come to mind) It could be that the (a or several) debt markets have backed away from a sovereign and there is a buyers strike. We know that the 30 year U.S. auction was a dismal failure and it is possible that the credit markets have shut off Uncle Sam. It could be something as simple (I am making a joke here) as Chavez calling his paltry 211 tonnes of Gold in and the authorities know it does not exist, they may be “pre cushioning” the markets for the biggest fraud of all time. Who knows?

I surely don’t but I do know that The Fed does not act in this manner unless something has gone VERY VERY wrong! Think about it, the only 2 prior weeks where The Fed has acted in this manner were 911 and the Lehman week, enormous events to say the least. The fact that we do not know what it is leads me to to believe that as I have always thought, we will wake up one morning to the markets being closed.

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Be ready for anything at any time now because we just cannot see below the surface (or into the vaults), something HUGE is now happening and The Fed can only respond with the last arrows in their quiver, increasing the money supply. The game appears to be over right here and now, all that remains is for TPTB to let us know it it’s over. I suspect we will finally be allowed to “know” when they can no longer open the markets and announce “game over” with no two minute warning!

I do agree entirely with that. There has been massive movement of precious metals in and out of warehouses for months now, and it’s been increasing. Normally, almost nothing is moved, and certainly not in such quantity. If you own precious metals, but haven’t taken delivery, do so immediately and pray that you actually receive it.