Bottom Confirmed? CNBC Calls for 20 Year Bear Market in Gold

February 18, 2013 By 19 Comments

gold bear market cnbcGuest Post By Bill H.

According to the MSM, the current correction in the metals must be the 20th “Bear market” for Gold and Silver in the last 10 years.  Do you remember the last campaign?  I think they called it “the death of Gold”

In the midst of Friday’s raid’s sending gold under $1600 and silver under $30, CNBC was back with the bear market calls:  “has Gold lost its luster?” and “usually when Gold changes direction it stays that way for 20 years or more so it might be 2030 before we see $1,900 again“.  Really?  Are you people complete idiots?  20 years?  What, 20 years to the downside but this bull market is a 13 year abortion?  Forget about “time”, why has Gold rallied to the current levels in the first place over the last 13 years? 

 

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Fundamentals?

Surely it cannot be the fundamentals of Gold.  Definitely not the fact that global supply has not met global demand in over some 20+ years.  It couldn’t be because the Fed has printed wildly and blown its balance sheet to oblivion.  20 years?  Do you really believe the U.S. Treasury will even exist in its current form by then?  Oh yes, I know, Gold is down from where QE 3 and 4 were announced so let’s extrapolate the move.  “The move” which by the way is being caused by high frequency trades of paper contracts with no Gold available for delivery.  “The move” which the CFTC does nothing (wink wink) and cannot find any perpetrators who “make” the price in the paper markets.
Relax people, this must be the 20th “Bear market” for Gold and Silver in the last 10 years.  Do you remember the last campaign?  I think they called it “the death of Gold”.  I checked on mine and believe it or not…it’s still shiny!  No wheezing, coughing or clutching its chest in pain…nope, it’s still there.  …And no matter what Washington, Wall St., CNBC or even Mayor Bloomberg want you to believe or legislate…it’s still MONEY!
In fact, I would wager that some 20 years or so from now, no one and I mean NO ONE on the planet will part themselves with even one ounce of Gold for ANY amount of today’s Dollars.  Do you see what I just said?  I said (in much simpler terms) that QE to infinity, unlimited printing, unlimited debt AND a Dollar that will at some point not spend…for ANYTHING much less REAL money!
Yes, yes…the fundamentals.  Were Gold to actually back all of our current debt owned by foreigners it would be somewhere around $10,000.  If it were to back all debt it would be well north of $20,000.  …and if you include all of the guarantees, promises and future benefits?  Well over $100,000.  So we are being “told” that Gold and Silver are now “dead in the water” investments with no future at all.
Everyone is so down trodden, scared and ready to commit the financial suicide that this “operation” was designed for in the first place.  How many times in the past did they “shake the tree” like they are now?  10 times already?  Why would the result be any different now other than the fact that there is now less Gold available to deliver and more paper outstanding then previous “shakes”.  How many times has “top” been called?  “Bear market in Gold and Silver”?
Actually, you could have told me 13 years ago with Gold at $260 that it would rise to $1,600 and I would have believed you.  However, if you told me the sentiment would be worse at $1,600 per ounce than it was back in the “lonely” $260 days I would have laughed until I broke a couple of ribs!  Seriously, it does not matter what “price” they can knock the metals down to.  It doesn’t matter how loud the “top” calls are screamed.
What does matter is that you own precious metals when the world’s central banks and treasuries default us into a banking holiday.  This is math.  It is pure logic.  It is not rocket science and I am no brilliant mind, this is just pure common sense and street smarts.  Please, spend some time over this long weekend and think about why you purchased metals in the first place.  Have events passed for which you originally made purchase to protect yourselves from?  Is any bank, broker, central bank or treasury stronger financially today than from when you made your purchases?

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Just because the “made for TV” paper price of Gold and Silver are less today than they were 2 or 3 months ago it does not mean that they are less “valuable”.  If you can understand this previous sentence and what I am truly saying then sit back, relax and enjoy your weekend.  If you don’t…then re read it a few times until you do.  If you still can’t understand it then, well, sell all of your precious metals investments and buy AAPL and Treasury bonds.  At least you will “feel good”… until you don’t.  On a side note, I have often thought that it must be a wonderful thing to be “oblivious” and not have a care in the world…

 

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Check out these similar articles:

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Comments

  1. Avatar of Pollokeeper Pollokeeper says:
    February 18, 2013 at 1:39 PM

    I seriously do not believe that anyone that reads this site believes anything that CNBC has to say.  All of us know about the fundamentals.  We got to go somewhere and wait.  Very rarely will a stacker consider selling his stash.  We are just pissed at the continued manipulation and price suppression that seems to never end.  No biggy.

    • Avatar of Sumkid Sumkid says:
      February 20, 2013 at 7:49 PM

      The only reason why the Doc has put this propaganda article about gold is for people on this website to criticize it by posting their opinion in the comment section.

  2. Avatar of silverman silverman says:
    February 18, 2013 at 1:56 PM

    The manipulation will end.

  3. Avatar of silverrrrr silverrrrr says:
    February 18, 2013 at 2:01 PM

    CNBC is to media whoredom as CNN is to the Clinton News Network scum.  One only has to have someone duct tape them into an effin chair so they CANNOT wiggle free, and be made to watch those WHORES for an hour.  After that, remove the duct tape, give the captive soul a bar of lye soap and an aerosol can of Lysol along with a towel, point them toward the bathroom. When they complete their cleansing, take them to the nearest ER for a MRI, CT scan, and EKG to see if there are any lasting maladies….

  4. Avatar of andrew james andrew james says:
    February 18, 2013 at 2:16 PM

    Sell your metal now and go all in on gin and tonic.  

    • Avatar of saddle saddle says:
      February 18, 2013 at 2:46 PM

      Andrew, my liver won’t tolerate any more alcohol… I guess I’ll have to keep my silver.

    • Avatar of Sumkid Sumkid says:
      February 20, 2013 at 7:53 PM

      Too bad that my local law doesn’t allow me to sell my stuffs at pawnshops, coin shops, etc, and also doesn’t allow me to buy alcohol. I can try to sell them on Craigslist but I think it’s better to keep physical metals in your possession. Imagine if you accidentally drop your bottle of gin and tonic? All of that would’ve been in the waste!

  5. Avatar of Marchas45 Marchas45 says:
    February 18, 2013 at 2:26 PM

    Who the Hell is CNBS?  O! Yea, Right! “Corrupt News  Bull Shit.”

  6. Avatar of Tiger Tiger says:
    February 18, 2013 at 3:01 PM

    When the MSM speaks on PM’s, all I hear is the buzzing of the flies circling the pile of excrement known as our economy.

  7. Avatar of silverman silverman says:
    February 18, 2013 at 3:11 PM

    Bull market will end..with parabolic rise. Mania phase…maybe war in Izrael…

    • Avatar of XC Skater XC Skater says:
      February 18, 2013 at 5:06 PM

      Name me a decade when IL did not commit brutal acts of war and follonies against humanity? It’s war alright, just the one side barely has any fighting power. Every shell makes the news. Not the 400 nukes on the other side. 

  8. Avatar of mexrph mexrph says:
    February 18, 2013 at 4:29 PM

    misinformation like this proves that the scum is desperate. I believe something big is about to happen. Former CIA Director William Casey commented: “Our disinformation program will be complete when everything the American public believes is false”.

  9. Avatar of FelixWankel FelixWankel says:
    February 18, 2013 at 11:31 PM

    Thank goodness I didn’t listen to CNBC in 2008 when they were screaming gold was in a bubble every day.  I decided to listen to Peter Schiff instead and couldn’t be happier.

    • Avatar of Sumkid Sumkid says:
      February 20, 2013 at 8:04 PM

      Thank goodness that my first and most important financial advice came from gold and silver buyers and not from mainstream medias that spread propaganda! If I had listened to the mainstream medias first, then it would’ve been harder to convince me at buying physical precious metals!

  10. Avatar of Max Max says:
    February 18, 2013 at 11:45 PM

    Inversely speaking that must mean that the dollar has been artificially low and is about to take off to new highs in value, demand, and velocity.

    And that CNBC must have drastically improved their cognative and analytical skills to guage anything beyond a week–much less a day. Wow, they really have turned over a new leaf…

  11. Avatar of f16hoser f16hoser says:
    February 19, 2013 at 7:46 AM

    If any of you CNBC F-Tards want to sell your Gold Maples, I’ll gladly buy them!

  12. Avatar of Sumkid Sumkid says:
    February 20, 2013 at 7:31 PM

    What do you expect from CNBC? It is a mainstream media propaganda piece of crap spreader that brainwashes the population. If gold and especially silver would go down in terms of dollars, then so will the price of gasoline. For example, I could buy a gallon of gas for 25 cents in 1964 with a quarter and today, I could still buy a gallon of gas with the same quarter because its metal kept its purchasing power which means that silver preserves your purchasing power.

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