Submitted by SRSrocco:
I apologize for not posting much lately, but I have been busy with other coals in the fire. Anyhow, I still keep reading articles and blog posts and I am quite surprised at the current bearish sentiment of gold and silver.
When gold and silver sold off after the FOMC minutes (stating that they may stop buying Treasuries in 2013)… I just laughed. Then I watched as the precious metal bugs started to get extremely nervous… thinking that the BOTTOM COULD FALL OUT.
I am so glad that I have a good understanding of the GLOBAL ENERGY MARKETS & SITUATION as it allows me to steer through all the B.S on CNBC, MSM and etc. Things are far worse in the energy markets than the typical PUBLIC GADFLY realizes… much worse.
Now, I am not talking about TODAY or TOMORROW… but coming down the pike shortly within the next few years. Again, we humans tend to live for long periods of time. That is why we should behave as such and not as a GNAT that only lives for a brief period of time. It seems as if the only thing that gets attention today is HYPE and SENSATIONALISM.
I despise both.
I am sick and tired of reading and listening to metal analysts who make forecasts on gold and silver without any regard to the energy situation. If I had a dollar for every time I read or heard about the GOLD-SILVER ratio… I would be rich. I just saw CLIVE MAUND’s newest silver and gold update. How Nice… maybe 1 out of three may turn out for ya CLIVE.
THE ENERGY SITUATION WILL DESTROY THE GOLD AND SILVER MANIPULATION…. PERIOD.
You will not have to wait for the CFTC, GOVT, GATA, the SEC or whatever for the true value of gold and silver to be reached.
Let’s have some patience and realize that fundamentals ALWAYS win out in the end.
I would like to remind you all that the WESTERN ROMAN EMPIRE collapsed because it devalued its coinage. However, the EASTERN ROMAN EMPIRE flourished for nearly another 1,000 years because it backed its currency with gold.