WHY would the CEO of the CME state this on live TV??  Is it because he now expects much higher metals prices in the months ahead and he wants to front-run them with his “analysis”? Is he tipping off The Banks that their games are almost over?  Does he know about the “reset” that Andrew Maguire has been referencing?

Submitted by Craig Hemke:

A few moments ago on Fox Business Channel we heard someone proclaim that “given all that’s going on the world, gold should probably be $5,000 to $6,000 per ounce”. Who actually had the gall to say this on live television? You won’t believe it unless you see it for yourself.

So, here you go. This is Neil Cavuto discussing the “markets” with Terry Duffy, the one and only CEO of the CME Group. The first five minutes are the standard boilerplate of Fed policy, etc and blahblahblah. However, at the 4:55 mark, Cavuto asks:

  • “But we haven’t seen money move into the metals….what is going on there?”

To which Duffy answers:…….

Well, you’re going to have to hear it for yourself to believe it. Again, fast forward to the 4:55 mark and have a listen.

And so we have a fun discussion point for this thread. Namely, WHY would the CEO of the CME state this on live TV?? Is it because he now expects much higher metals prices in the months ahead and he wants to front-run them with his “analysis”? Is he tipping off The Banks that their games are almost over? Does he know about the “reset” that Andrew Maguire has been referencing? Is he just simply clueless as to WHY price is only $1220? (This I highly doubt.)

So, again, what explains this sudden bit of candor from the CME? If anything, you might want to bookmark this thread for future reference. If indeed the physical market is soon to take over as Andrew Maguire suggests and if indeed price is about to reset multiples higher, it might be fun to refer back to this day when the CEO of the CME openly suggested that “with all that’s going on in the world, it (gold) should probably be at $5,000 to $6,000 per ounce.”

TF

 

American Silver Eagle Coins Banner

    • Im no Cliff High, with a self aware AI gobbling up all the worlds data transmissions and shpitting out predictions of the future, but based on the smattering of stuff I read, and whatever subconscious stewing of knowledge passes for intuition, Im declaring this nickle off 16.00 is the start of our long awaited moonshot. I recommend you go all in, right now.

      While our spirits are bloodied but unbowed, and our fingers scarred and crimson from catching falling knives, this time its different.

      ”There is a tide in the affairs of men, which, taken at the flood, leads on to fortune; Omitted, all the voyage of their life iss bound in shallows and in miseries. On such a full sea are we now afloat, and we must take the current when it serves, or lose our ventures.”

      I made that up, just now.

      Anyone wanting to go hogwild on Will E Coyote, boulder-hitting-a-seesaw style leverage, PM me for details.

  1. Its quite obvious that Terry Duffy CUTS OFF  Neil Cavuto exactly the second when he states you will see a “HUGE MOVE” in the metals ( inferred from his previous wording) at approx. 5:58 – 6:00 minutes near the end of the video. Obvious done on purpose as it is Duffy’s job working for the elite to shun any discussion on the potency of Gold and Silver ( The Anti-Dollar). So, So, So very very OBVIOUS !!!!!!!!!!!!!!!!!!!!!!!!!!!

    • Terry Duffy CUTS OFF  Neil Cavuto exactly the second when he states you will see a “HUGE MOVE” in the metals

      Got it reversed.  Duffy said he thinks we will see a huge move, Cavuto instantly interrupts Duffy cutting him off.

      Duffy said prices haven’t moved because people have become jaded to current events.  Can’t prove it but bet he knows without doubt the central banks are capping the pm prices with approval coming from the highest levels.  He obviously doesn’t dare go there but he did admit that metal prices should be much higher.

  2. I’m going on vacation, I hope the moonshot happens by the time I get back. I am getting really hopeful. $800/AG would make my freaking decade. I’m not going to hold my breath much past September though. I will keep my stack, but the paper longs are going to stop.

    • All of the prognosticators over these many years have proven several things.  They don’t know what is going to happen, they don’t know when something is going to happen and they certainly don’t know what the PM’s will be prices at.  Perhaps our best hope is the Chinese.  I am not bothered by that because my ancestry shows some small amount of Asian in me.

    • OK, so what would you do IF gold went quickly to $6,000 an oz. and silver went to $600 an oz.?  Would this be a life-changing event for you?  Would you sell your stack or even part of it?  What’s the grand plan?  🙂

       

    • @Angusdude

      I think that many know what will happen but certainly don’t know when. Prognosticators that proclaim what, when and happen to be in the business of selling PMs probably deserve the ire of their customers because many of their customers feel like chumps when the predicted date comes and goes only to see metals drop in value as measured in FIAT. Of course there are plenty of outright charlatans as well that make inanely inaccurate predictions based on numerology or their religious beliefs that definitely deserve the ire of their ‘customers’ but one has to wonder why anyone would believe a word they say when they are nothing but consistently wrong.

    • @Ed_B, Re: Super-Car SUV…good point. So many choices. My Challenger R/T (red) is actually comparatively “slow” today, but I still think it’s a really nice looking car with great lines. My boy racer days are behind me, but if you grew up in the muscle car era, you never forget the great cars of the late 60’s/early 70’s.

      Re: What would you do…the plan has always been to liquidate some of the “backed” paper holdings (Sprott/CEF), select miners and convert to real estate and other tangibles. As A long term prepper type, I would want to complete preparations, hunker down (more) and help the kids and grandkids. Finally, I would build a fire, set up a couple camp chairs, and prepare for the show of the ages. I believe we are privileged to live in times of great import and could bear witness to Act III in God’s plan for humanity.

      Since no man knows the day or the hour, I could certainly be wrong. If so, there’s always the Challenger.  Heh.

      Regardless of one’s faith or belief system, it is hard to argue that society writ large is not at a crossroads; from a social, political, environmental and resource standpoint, we seem to be approaching our Yellowstone moment. On this, we can likely agree.

      Buckle up.

    • @Twox2

       

      “Super-Car SUV…good point. So many choices.”

      Yep.  Choices are usually good but when there are so many of them, they can get confusing.  The good news is that with moonshot PM prices, we can choose more than one thing.  I’d go with:  1) luxury sedan / SUV such as the Cadillac XT-5 or ATS-V; 2) a Dodge Ram 2500 4×4 diesel; and 3) an econo-box for quick trips around town.  🙂

       

      “My Challenger R/T (red) is actually comparatively “slow” today, but I still think it’s a really nice looking car with great lines. My boy racer days are behind me, but if you grew up in the muscle car era, you never forget the great cars of the late 60’s/early 70’s.”

      Agreed.  I’ve always liked the Mopar muscle cars, ‘Cudas, Challengers, GTXs, etc.  My favorite engine in these is the 440-6 pack.  What a torque monster that was and MUCH nicer to live with on the street than the 426 hemi.

      Another nice but overlooked car from that era was the 340 Duster.  That little guy could get up and go.  A friend of mine had one of these in Plum Crazy with nice wheels and the black  interior.  It was an auto when most of us wanted the 4-spd but it was still a nice car.
      “Re: What would you do…the plan has always been to liquidate some of the “backed” paper holdings (Sprott/CEF), select miners and convert to real estate and other tangibles. As A long term prepper type, I would want to complete preparations, hunker down (more) and help the kids and grandkids. Finally, I would build a fire, set up a couple camp chairs, and prepare for the show of the ages. I believe we are privileged to live in times of great import and could bear witness to Act III in God’s plan for humanity.”
      I LIKE this plan… a lot!  In fact, it looks a lot like my own plan.  🙂

      As a person who enjoys gardening, I know how productive even a small plot of land can be if properly tended.  It would not be at all difficult to set up a couple of acres as a local produce micro-farm and grow all kinds of delicious food for local consumption.  This would be quite a good business if one could manage to get paid in something worthwhile.  FRNs are not it but anything of tangible value would be.  Labor would also be good as an exchange medium.  It’s not as smooth as money but it could work if real effort was put into it.

      Speaking of gardening… this year isn’t so good for m garden.  I suspect that the combo of crummy weather in early spring and not so good left-over seeds combined to make it less productive than it has been in the past.  Still, the potatoes are doing great and are up to my waist now… and I’m 6’2″ tall.  If there is half as much going on under the ground as above it, there should be a pretty good crop from my 22 potato plants.  Onions are also doing well as are the cukes and squash.  Beets, corn, tomatoes, and peppers are so-so.  This is disappointing since last year’s garden was tremendous with lots of everything growing like weeds.  Oh, well.  If my life depended on my garden, I would be making a better effort but for now, it is a learning experience.  Was going to plant pole beans next to the corn and let them climb the corn stalks but without the corn sprouting I will have to plant a few bush beans instead.  Even at this late date, planting new veggies will work, except for corn.  It takes 75-80 days to mature and there probably aren’t that many frost-free days left in this growing season.

      “Since no man knows the day or the hour, I could certainly be wrong. If so, there’s always the Challenger.  Heh.”

      It’s always good to have some sort of backup plan.  🙂

       

      “Regardless of one’s faith or belief system, it is hard to argue that society writ large is not at a crossroads; from a social, political, environmental and resource standpoint, we seem to be approaching our Yellowstone moment. On this, we can likely agree.”

      We can.  There are so many things building up to what’s likely to be a critical ‘moment’ in history that it seems virtually unavoidable.  Not that things like this happen as events but more often as a string of related events that become a process.  Those who want to make it through the coming hard times and then on to better times had best have their wits about them, their skills well polished, and their prepping up to date.  It’s gonna be a rough ride.

       

      “Buckle up.”

      Always.  A cautious citizen, such as myself, never tempts fate by taking chances I don’t have to take.  🙂

    • @Ed_b,

      If AG hits $600 before January 2019, I’ll be worth a minimum of about what I could earn in 40 years on my job (in today’s value). I would quit my job that pays for my medical insurance and work full time on my business and start 3 more that I don’t have time for now. I should be making at least 100K off of my business, but I’m I can’t because I’m working the other job. I am also trying to put together a screenplay that I got onto with a business I started. The story ties a famous murderess, a internet defamer, and the alphabet corporation together and if the story were not true, no one would believe it.  In short, I will work about 3 times as hard as I currently do.

    • @natxlaw
       

      “If AG hits $600 before January 2019, I’ll be worth a minimum of about what I could earn in 40 years on my job (in today’s value).”

      Now that would be one serious payday!  🙂

       

      “I would quit my job that pays for my medical insurance and work full time on my business and start 3 more that I don’t have time for now. I should be making at least 100K off of my business, but I’m I can’t because I’m working the other job.”

      Sounds as if there is not enough of you to go around.

       

      “I am also trying to put together a screenplay that I got onto with a business I started. The story ties a famous murderess, a internet defamer, and the alphabet corporation together and if the story were not true, no one would believe it.  In short, I will work about 3 times as hard as I currently do.”

      Well, I guess that’s something to which you can look forward.  Me?  I’d rather let my money work hard so that I don’t have to.  Been there, done that.  But I can’t see putting in all my time on such things when there are just so many un-fished waters out there.  😉

      But whatever the path you choose, it is good to have some plans available in case such opportunities arise.

       

    • Haha, Jeremy was the biggest stock  perma-bull i could think of. Been a good 8 year run URFUT, a blind dart thrower with a stock board could’ve done as well. Better lock in those gains or you’ll be giving them back to the house.

    • BTW, are you aware the CB of Japan is a top 10 holder in 90% of its stock exchange. What then do you think are the Feds’ holdings in our overvalued US equities? Is that your idea of markets and what happens when, as they recently announced, they begin to unwind somoe of that $4+ trillion balance sheet? So be my guest, pick up pennies in front of that steamroller.

    • @BetterThanNoSN
       

      If this is addressed to me, then let me say that yes, I am very much aware of what is happening these days and especially so in the US stock market as well as in Japan, the UK, and the EU.  Playing the stock market game is not for the timid, the unskilled, or those who are not nimble.  I have a 40 year market investing track record that is pretty decent.  Made good money there… enough to retire comfortably at age 55.  I made some mistakes early on but those turned out to be valuable, if painful, learning experiences.

      Is there risk inherent in the market?  Yep.  That’s why investors get paid.  As we’ve all seen over the past 6 years, there are more than sufficient risks inherent in owning commodities too… and PMs do fall into that asset class.  That has not deterred me from owning them either.  But it has also made me ensure that I have a plan in place that covers the acquisition, holding, and selling of these assets at the appropriate time and for the appropriate reasons. So far, so good.

      Life… it’s just one risk after another, isn’t it?  We can’t eliminate all risks to ourselves or our wealth but we can choose which risks and to what extent we will accept them.  As one example, I don’t own any bonds now and haven’t owned them for a while because I don’t think that the rewards for owning them adequately compensates bond buyers for the risks they are being asked to take.  The interest rate risk, for example, is about as high right now as I’ve seen it in my investing life.  Rates will rise and when they do bonds will suffer substantial principal losses.  Since these losses could amount to 20-30% of the bond’s value, being paid 2-3% to take this risk is insane, IMO.  Far better to buy a nice blue chip stock with a 3-5% dividend from a household name company with a history of raising their dividend regularly.  That provides good support under the share price as well as the good possibility of share price growth.

      As to pennies and steam rollers… lol… if that was what I was doing, then it was reasonably successful, as I grabbed over 5,000,000 of those little hummers last year.

      Comments from the Fed are quite interesting.  Their comments about their balance sheet and “unwinding” it hinges on them finding anyone who wants to buy the drek that they added to their balance sheet.  They were the buyer of last resort who bought this crud because no one else wanted it.  This allowed the shaky banks to clean up their balance sheets by dirtying up the Fed’s balance sheet.  Who’s to say that the banks and other financial corps have changed their minds and will now buy it back?  This glop was never marked to market, so it would be quite interesting to see where the Fed has to price this stuff to move it.  My guess is 20-25 cents on the dollar… at best.  If so, then it is likely that this will be a closely guarded secret and not anything that is made public.  I would not touch most of this junk with a stick, let alone bring it into my portfolio to dirty up the place.

      If this was not addressed to me, then that’s OK too because we are all free to comment here and discuss ideas freely.  Cheers!  🙂

       

  3. It doesn’t matter where gold or silver SHOULD be…it matters where they are.

     

    I SHOULD be a billionaire with a trophy wife, mistresses, mansions, yachts, and paid off politicians.  I think you guys can guess that right now I’m not.

    • IMO, the BIG money boyz-n-galz don’t even notice that we exist.  Their game is between them and other big money folks… pension funds, hedge funds, college endowment funds, insurance companies that need to put their staggering profits somewhere, etc.

      Additionally, the game of PM price suppression via the naked shorting of futures contracts is likely to be more complex than we know.  For one thing, if it is as straightforward as it appears, why do those who bet against the naked shorts continue to play this game when they are assured of losing money?  Those who run money on Wall Street are not stupid.  Far from it, in fact.  Many of them are quite brilliant.  Those who routinely lose money in this profession get the bum’s rush out the door and a poor rep that severely limits their future employment possibilities.  Yet, the game continues.

      It seems unlikely that it could do so without significant support from the Fed and the US Gov, such that the CFTC doesn’t interfere in the game and that any losses experienced by the short sellers is covered and not allowed to hit their bottom line.

      It seems most likely that in this game, a single entity has control of BOTH sides of the trade.  If so, then it is clearly not the trading that is the object of the game.  If not, then what is?  About all that is left are the PM prices themselves and the public’s perception of their value as an investment; both of which have been pretty well trashed over the past 6 or so years.

      Andy Hoffman, who was a market analyst for years before getting into the PMs business, tracks this info and, IIRC, he said that there had been something like 750+ straight trading sessions for JPM’s bullion bankers without a single recorded loss.  That is a record that absolutely defies any concept of an unrigged PM market.

      How many sigmas does it take before people understand that JP Morgan (and perhaps others as well) cannot operate their bullion bank(s) for years without a single losing trading session, UNLESS there is some serious financial skulduggery afoot?

    • Hey Zero….I have heard that before.  Claims of short cover rally, moon shot, rocket ship, and so on have all been BS…..been that way for 10 years.

       

      URFUTURE

    • Maybe , I should congratulate you on your over priced over valued stocks ,as long as you get out before they are not any more.

  4. @URFUTURE

    Your point taken. That said, the biggest indicator to me that the tide is truly changing is the intensity with which they are going after Trump. Deep state is trying to delay the reckoning as long as possible, but they will lose. Question is, at what point will they finally throw in the towel? To me that is the point when all hell breaks loose and I think we are about there because this latest round of Trump Jr. somehow being treasonous proves to me that they’re game is about up. They may be able to keep the algos going for infinity, but they cannot control public opinion forever.  They want Trump gone because they want to be able to crash the system with their own puppet in place. The longer this Russia-gate nothing burger goes on the more desperate they become to oust him. Their desperation is a sign to me that the end is nigh. Deep state is running up against the clock. It will be a photo finish, ladies and gents. That I can assure you. More popcorn, please. And more silver, too…

    • “They want Trump gone because they want to be able to crash the system with their own puppet in place.”

      IMO, that would be the LAST thing that they would want.  Politically, it would be far better to crash the system WHILE Trump is in office so they can blame their own financial bungling on Trump and get away with it via the low info voters.  By doing this, they could conceivably recover both houses of congress and the white house as the public demonstrates severe displeasure at the polls.  And wouldn’t this be just like the snakes to attempt this?  Schumer, Pelosi, Durbin, and other pieces of sh… er, crap… would LOVE just such a scenario.  This is ALL about THEIR power and if they have to choose between their power and the good of the country, we will be shooting the rapids in a leaky boat without a paddle.

      Anyone wanting to look for traitors in this country need look no further than the Clinton / Pelosi / Schumer / Durbin mob.

       

    • @ Ed_B

      I used to think that they would prefer to crash the system with Trump in there, but now I’m not so sure, for a couple reasons:

      1. Trump is a wild card and shows increasingly how able he is to turn the deep state’s efforts against them in the mind of the people. The establishment is not so competent as you suggest in engineering outcomes. Enter chaos theory.

      2. We have no idea what Trump is actually doing behind the scenes right now to stop the collapse. I mean, if you would’ve asked me if the economy could sustain even just one rate hike I would not have believed you.

      3. Once the crash is finally obvious to everyone, do not underestimate what Trump does/says to foil the intended outcome of said crash by the political establishment.

      Ultimately the deep state seems pretty pissed that Trump is in there vs. HRC. I stand by my previous assessment. I don’t disagree that the deep state THINKS they can blame it all on Trump. I just believe having Trump there for the collapse is ABSOLUTELY NOT their first choice, or their second, or their third (an establishment Repub like JEB! or Rubio was far more preferred. Obviously their plan to use the two party system against the people backfired on them in a major way.)

    • @Luke33
       

      Agree that Trump is a wildcard and that a lot of people are still trying to figure him out.  While it is easy to create chaos, it is very difficult to create controlled chaos that results in a desired outcome.  The deep state really has its hands full with this and the outcome is anything but assured.

      The elite’s lapdogs in the lamestream media are failing to keep the public corralled in their pen these days.  They can only be disingenuous and duplicitous for so long before most people catch onto what they are trying to do.  Hiding behind the tradition of a “free press” is failing big-time because their nonsense has become so shrill and transparently false.  That Trump calls them out on this is great.  It is about time that they got some abuse in return for all that they have dished out over the years.

      The current hysteria over Russia and other fact-free issues is a classic example of a load of BS looking desperately for a home.  Only rabid leftists believe any of this, especially when there is a lot of proof out there for this exact same thing between Russia and the Dimms.  It was not Trump who told the Russian Foreign Secretary over what he thought was a closed mic that he would “have more flexibility after the (2012) election”.  It was not Trump who allowed guns to walk into Mexico, some of which returned and contributed to the death of US Border Patrol agent Brian Terry.  It was not Trump who started a “foundation” that collected tens of millions of dollars from foreign countries that are not especially friendly to the US, its people, or its interests.  It was not Trump who approved a deal to sell 20% of US uranium mining assets to the Russians and who then received over $100M for their foundation in “donations” or who received huge speaking fees (read bribes) from the Russians and others AFTER the deal was done.  None of this seems to be of any interest to either the Dimms or the press.  Instead, they have to create this little fantasy world of theirs in the hope that if enough crap is thrown, eventually some tiny bit of it will finally stick to someone (ANYONE!) in the Trump campaign or the Trump administration.

      After more than a year of investigations by congress and the FBI, there is zero evidence of anything illegal having been done by Trump, his family, or his political associates.  Enough of this special prosecutor charade, its high costs, its lack of tangible evidence, and its political posturing!  It is more than time to get on with doing the people’s business in DC.  There are multiple critical issues that need to be addressed and addressed quickly without wasting huge amounts of time, attention, and money on “nothing burgers”.

       

  5. Sounds to me more like Mr. Duffy is expressing his irritation of widespread market manipulation than anything. Of course he is right IMO but I imagine he’ll be back to towing the line soon enough and then he can always go on record as saying what he did. The only catalyst for the metals will be loss of faith in FIAT currency, of course the fact that more and more significant personages are becoming disabused of ongoing market manipulation is still a good thing.

    • “… of course the fact that more and more significant personages are becoming disabused of ongoing market manipulation is still a good thing.”

      I read this 3 times and still can’t make out the meaning.  Sounds as if the meaning is that more people are not understanding that the market is manipulated, which would not be a good thing.  Can someone explain this?  :-/

       

    • Sorry, meant only that regardless of Mr. Duffy’s reasons for saying what he did (i.e. I’m not convinced that he said it because he has had a ‘come to Jesus’ moment), the fact that he said anything is significant.

      There was a time not too long ago when people in his position would rarely if ever suggest that the markets just might be rigged.

      I’ve noticed that recently an increasing number of people in positions of power are expressing their irritation at the blatant rigging of all markets, which is a good thing IMO.

    • @tbombadil
      No problem.  I was just trying to understand what you were saying.  I agree that there was no come to Jesus moment in this and that it is rare to ever hear such a comment from anyone who is as close to the rigging issue as is Duffy.

      Also interesting was that Cavuto did not seem to want to linger on this issue and discuss it further.  It was one of those “wham! bam! thank you ma’am” kind of interview points that could have used a LOT more discussion, IMO.  But the door DID open a tiny crack and some light really did spill out.

    • @AGXIIK

       

      Yes, REALLY.  This isn’t about bargain hunting or shopping.  Billionaires don’t just want some flexible air travel.  They also want style, class, and, dare I say it, gravitas.  It is a statement as much as it is a form of travel.  Nothing says top of the line like Gulfstream and when one is a billionaire, where else would one want to be but ON TOP of the heap.  🙂

       

  6. Through history all market manipulators lose all fiat currencies lose only gold silver stand the test of time and economic Mother Nature wins.  The overall trend is once again the government has overprinted fiat as they overstep the limits of their real power .They create the,same illusion for a while that they are all powerful but then the inevitable happens.  All this talk about the manipulators win will end up in the same dustbin of history with the rest of them economic reality not illusion wins 100% of the time

    • lol @Luke33

       

      Well, good luck with that.  Other than as jewelry, most ladies don’t seem to have much interest in gold or silver.  That’s been my experience.  But pull out a gold necklace, bracelet, or ring as a gift and they are ALL over it!  😀

       

  7. lets face it this CEO knows full well the Comex is rigged 100%

     

     

     

    This exchange between CME CEO and NBC presstitute could  simply be one of those times  where the elites are telegraphing a message.In this case:The manipulation is to be history soon thus govern yourself accordingly.. Be aware these miscreants take a perverse pleasure in telegraphing there future intentions  to their own and the masses at large.

    I cant think of any other reason why this guy would say what he did on a national business news show with millions  of viewers watching.A slip of the tongue..dont think so.This ole boy like all of his kind are masters of obfuscation and deception.

    I may be full of shi…t on this one  but if anyone else has another theory please let all of us know.

     

     

    • “Be aware these miscreants take a perverse pleasure in telegraphing there future intentions  to their own and the masses at large.”

      Yes, this is well known about them.  I suppose that they do this as a joke because they are absolutely convinced that no one will pick up on their real meaning any time soon.

       

  8. One other observation regarding the purchasing power (and profit potential) of gold: Note that Terry Duffy did not link the predicted price of the metals to further decline in the dollar. He proposed those values for conditions as they exist right now.

    Suppression is ultimately your friend, as long as you are positioned when it breaks down.  If you are a long-term stacker, the quoted numbers (to Ed’s point) could create generational wealth. The numbers are astounding.  Life changing indeed…

    • @AGXIIK

       

      Being on top is good.  Beats trudging through the muck at the bottom, for sure.

      Gravity?  Yes, that is an issue at times.  Best to have several parachutes on board when flying.

      Seems to me that there is a joke about such things.  If I recall it, it goes like this:

      Nixon, Kissinger, and a young hippy type reporter are flying on a plane when the pilot announces that the plane is having mechanical problems and they will have to bail out to survive.  Furthermore, there are only 2 chutes for the 3 passengers.  Nixon quickly grabs one of the 2 chutes and says, “I am the president and I must survive!“.  He turns away and starts strapping on the chute.  Kissinger looks at the young man, grabs the chute he is holding and declares, “I am the smartest man in the world, so I must survive for the good of humanity!“.  He straps on the chute and jumps out the open door.  Nixon looks back at the young man and says how sorry he is about all this as he prepares to bail out.  The young man smiles and says, “Don’t worry Mr. President.  My chute is under my seat and the smartest man in the world just jumped out of the plane wearing my backpack!”.   😉

       

  9. Gold and silver just shot up straight out the gate on COMEX Friday opening with what looks like big volume but I can’t find any news to justify it.  Ever the optimist I’d like to think that no one was selling physical AU below $1,230 but how could we ever know?

  10. They could be starting to lay the path to an official re-pricing (but I doubt it).

    I think it would take another financial crisis or crash to prompt such a radical action.

    Personally I’d be happy and pissed off with gold priced at $6000+ /oz
    Buying would grind to halt that’s for sure.

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