◄$$$ SCOTIA MOCATTA REVEALED EVIDENCE OF PHANTOM SILVER DURING A RECLASSIFICATION OF THEIR SILVER INVENTORY. BY MOVING SOME METAL INTO THE ELIGIBLE CATEGORY (WHICH HAS NO INVENTORY RECEIPT), THEY ESSENTIALLY ADMITTED THE METAL DOES NOT EXIST. THIS WAS AN ADMISSION OF PHANTOM SILVER. WITNESS THE BEGINNING OF RATS JUMPING SHIP. SOME DEALS ARE BEING CUT WITH LEGAL AUTHORITIES. THE BIG US & SWISS BANKS MIGHT BE VERY EXPOSED SOON. $$$

They call it Reclassification. It is more like unmasking the inventory fraud. The bullion banks have nowhere near the physical metal they claim, and much of their supposed inventory is committed elsewhere. Like putting lovely dresses in the storefront, but they cannot be bought, since borrowed from some rich lady who lent it to the store so they could look good. Scotia Mocatta lost 60% of its physical Silver inventory in just one month, in a reclassification exercise. The total COMEX registered Silver stands at under 30 million ounces. Over a month ago, the exercise was repeated, with the same Scotia Mocatta losing 25% of its registered (committed elsewhere) silver after the vault encountered a different reclassification. The bullion bank operates as a COMEX registry. They saw 5,287,142 ounces of silver moved from Registered to Eligible status, dropping the vault's true holdings from 11.8 million ounces to 6.5 moz. It seems the actual owners removed metal from the storefront window. In one overnight vanishing act, yet another 1,456,488 ounces in warehouse silver were adjusted from Registered to Eligible at Scotia Mocatta. Metal is just flying out the window, exposing reality. The total Scotia physical silver stands at a massive 60% below the total captured in data on April 20th. Not alone, comparable reclassifications took place at both HSBC and Delaware. The key is realizing that Eligible as a ledger item means the metal has no warehouse receipt issued against

it. The total amount of silver available for delivery has just fallen to a fresh all time low. Luckily, the COMEX is a big beneficiary of margin calls that drive involuntary liquidations. It is a source of metal production for Wall Street that for some months rivals actual mining industry silver output. See the Zero Hedge article (CLICK HERE).

Much more is going on behind the scenes, behind closed doors, where deals are struck. When the story broke, a comment came from a gold trader with solid deep reliable connections. He referred to the Scotia Mocatta revelation, with which he has had some past experience. He wrote, "The Scotia Mocatta event was well engineered by a handful of insiders, who have cut a deal with international prosecutors to gain immunity in exchange for what they know. Whoever jumps boat first gets a deal. All the others will be rounded up and processed." The game is entering a late stage, but not the final stage. My query was directed at which banks will be the first victim from what Scotia Mocatta reveals in the high level deals cut. The crooked big banks are going to be exposed during the process. He responded that they would be banks in the United States and Switzerland, namely JPMorgan Chase, Union Bank of Switzerland (UBS), and Credit Suisse. My next query was what jurisdiction the international prosecutors might have. He responded that a global reach was at work, since they use Interpol protocol. He mentioned local Interpol offices with local authorities would serve arrest warrants, whereby the locals would be obliged to cooperate. He claims they normally do without delay. Lastly, my query focused on the venue for charges to be heard, as in the Intl Court of Hague. His response might have been serious or not. He said, "I reckon that quite a few will die in transit like livestock at sea from Australia to the Middle East."