gold bottomAfter 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..

  • dollar collapse panicBank 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: 

UntitledWhen a bank has been forced to issue a statement defending its solvency, insolvency is not far behind.  We saw this with Bear Stearns and Lehman.
Denial of a catastrophic problem is affirmation that the problem is very real.

return kingThe 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.

sc (10)An epic phase of the ongoing precious metals bull market is awakening right before our eyes.  While the cartel can manage price appreciation from time to time, they can’t do much to kill this new bull phase.
It’s too late.
 

COMEX-LongTerm-Silver-ChartThe 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…. 

gold bottomWe 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.