I believe the financial system is collapsing:
Submitted by Dave Kranzler:
What we don’t know about the gold/silver price admissions is what it has stirred up behind the scenes… meaning how it might be, or will, affect the manipulation of the precious metals in the United States, where the real big issue resides. There is no telling what could be percolating at Gold Cartel headquarters … or what just might be TOLD to them. – Bill “Midas” Murphy from tonight’s Midas report (LeMetropolecafe.com)
There’s a lot of factors going on right now that could be pushing gold/silver higher over
and above the inexorable headwind of Central/bullion bank market price manipulation.(click on graph to enlarge).
Today’s move up could be attributable commencement of the yuan/gold price fix rolled out by the Shanghai Gold Exchange. But this was a known event well ahead of time and the market theoretically should have priced this in. Same deal with the Deutsche Bank lawsuit settlement. But that event hit the tape last Wednesday and gold/silver yawned.
Something a lot more profound seems to have developed behind the thick fog of Orwellian smoke billowing from the western Central Banks and Governments. I believe the financial system is collapsing. This explains the Fed’s frenetic attempt to keep the stock market propped up. This effort has become about the only part of the Fed’s activities that istransparent.
Phillip Kennedy – Kennedy Financial – hosted me on his Youtube program to discuss some of the factors that are contributing to the surprisingly strong move higher in the precious metals sector. Phil blends sharp insight with humor to produce an informative and entertaining show:
I recommended a silver stock in early January that has gone up over 600% since its January 10th close. Shortly after that recommendation to subscribers of the Short Seller’s Journal, the Mining Stock Journal was introduced. I’ve featured three other junior stocks which easily have the same upside potential as the silver stock. “I got the email with the past reports. Thank you very much. This is an incredible value” – new subscriber comment.
Right now I’m offering all of the back-issues to subscribers (debut issue was March 4th). I’m already working on the next issue and the stock I’ll be featuring is not well known (for now anyway) and is irrationally undervalued. You can access these reports here: Mining Stock Journal.