After seeing the chart below, you’ll have no doubt that the price discovery mechanism that is supposed to balance supply with demand is out of whack.
This is more proof that the paper commodities markets are completely divorced from the real world..
In this interview with Finance and Liberty, Bo Polny explains why gold and silver are set to SKYROCKET, and warns that a HISTORIC financial collapse is a certainty in 2016:
Suddenly banks everywhere are in deep, deep trouble…
As bad as the month of January was for the global economy, this is just the beginning…
Did HSBC really suddenly manage to find 52.69 tonnes of real gold bars??
This is a sober alert. What you believe does matter. Once you connect the dots, you have a moral obligation to oppose the sham of the official fantasy story that keeps most citizens in an unremitting cloud of self induced denial.
- Bank Stocks Look to Be Collapsing and predicting an imminent stock market crash and large global financial crisis
- Many sovereign wealth funds are selling their stock positions to go to cash to pay off debt in their home countries
- Russia now takes RMB for its oil. What does this mean for the petrodollar?
- Gold and Silver markets appear to have finally bottomed and a strong rally looks to be underway
- What problems does a strong US Dollar cause for the global economy?
All this and more in the latest Welcome to Dystopia:
The current melt-down of the world’s debt bubble is likely to continue in the course of the next months. Whatever expedients are implemented, the final outcome of the unprecedented economic contraction in the world will have to be the revaluation of gold reserves.
We need not worry ourselves about how this will take place, because that it will happen is a certainty.
All prices of goods and services around the world will really be gold prices, since all currencies will be redeemable at sight, in gold.
Such is the significance of the coming revaluation of gold…
Gold is now well above the October 15 high of $1192 and this gives us our first higher high since The Massive Cartel Beatdown began back in April of 2013. DO NOT UNDERESTIMATE THE SIGNIFICANCE OF THIS!
With gold above ALL of its moving averages, the next target looks to be near $1220.
BUT, this is only a guess because, IF the USDJPY collapses and takes the stock market with it, gold’s not stopping at some arbitrary line on the chart.
This is why EVERYONE needs to continue accumulating silver and gold coins…
The collapse of the paper gold and silver futures markets may usher in a NEW DARK AGE.
In all likelihood, the coming collapse of the economic and financial system will happen virtually overnight. Unfortunately, investors who are still playing Russian Roulette in the broader markets may find out sooner than later, TIMING AN EXIT is folly.
Owning physical gold and silver coins and bars out of the banking system is the best alternative to the madness that is coming.
A collapse does not happen overnight, but the endgame does….
We are again seeing more and more experts and non-experts calling for the bottom for gold and silver, but none can confirm it as a proven fact. Few realize how important it is to have confirmation that one’s position is correct and will be profitable. It is confirmation that gives validity to a prior market move/event.