This is what happens when government bureaucrats pass laws legalizing theft from the public under the fancy phrase titled “Asset Forfeiture”…
SERIOUSLY, are you watching this manipulation set up?
I have written numerous times over the years that they do exactly that sort of operation taking both sides of the bet because you are about to see what appears to be some market volatility but is in fact planned, calculated, pre-fabricated volatility that will shake up the speculators from both ends of the price war and leave them dazed and disoriented and trying to regroup.
After the COT week, we saw some incontrovertible evidence of this on Friday as price jumped up like a ROCKET.
I will step out on the plank now and tell you some speculators got scared out of their shorts on Friday.
Happens every time.
The Bank of Japan plans to buy ¥8 to ¥12 trillion per month. The government is selling ¥10 trillion per month in new bonds.
This is an astonishing development.
The Bank of Japan will buy 100 percent of the new government bond issuance.
When the central bank is buying all of the bonds issued by the government, this is a major sign of imminent collapse.
Collapse happens when it hits zero, if not earlier.
Gold and silver did not have a great day price wise.
I reminded everyone on Friday that:
“The bankers will regroup and will try and forcefully send gold and silver back down on Monday. Of course the problem that the bankers have is this: every time they orchestrate a huge raid, some strong entities (a sovereign??) are in there gobbling up much of the naked offering of our bankers. The bankers risk that many of the longs purchased will end up on the delivery table.”
And sure enough, the bankers started their raids once the COMEX session got under way.
In the Pharaohs’ day, gold was money.
Today, it might be even more important than ever.
As advanced as our modern civilization may be, we’ve been playing with fire for more than a century. Every single experiment with unbacked paper money throughout history failed.
And though today’s economists like to think that ‘this time is different,’ our own experiment with paper money will share the same fate.
Land of the Free, Home of the Brave???
Florida cops have arrested and charged 2 clergymen and a 90 year gold WW2 Vet with the dastardly crime…
of feeding the homeless in public.
The “switching of sides” in the currency war is going red hot, and it’s no longer simply happening on the outer reaches of the Western alliance, but within core countries which the 3rd Wheel Dollar always thought it could count on: like Canada, like Germany, like the U.K. Country after country is beginning to understand that this is a key moment in history…
And they don’t want to be left standing on the wrong side!
The World’s unwanted, bullying 3rd Wheel Dollar is being permanently relegated to the “friend zone” or worse, and so is the the U.S.’s leadership by extension!
The U.S. petrodollar, once tolerated, due to its violence and power, is now a sagging, bloated, bankrupt shadow of its former self, and the rest of the neighborhood is now teaming up to take on this bully.
The contemporary, fiat currency system, which central and international banks constructed, is a model that’s built upon the bedrock of systemic fraud in multiple markets. The only way the system can continue is by constant expansion of currency and debt. The system has become so full of rot, that it can’t survive without fraud and constant rigging, especially of its perennial competitors: silver and gold.
The untold wealth and power these banks have amassed, comes from being able to steer world markets, whether currencies, or OTC derivatives, or bonds, or commodities, or real estate, and none of that steering is possible without the fiat, debt-based currency system it rests upon.
The monetary system itself is where “the money is”, and that is why the Powers that Be are willing to spend several trillion dollars a year suppressing silver alone! Even at a price tag that high, it is still well worth continuing.
Described as the “next generation of uncensored trade” and a “safe untouchable marketplace,” OpenBazaar is fundamentally different from all the online black markets that have come before it, because it is completely decentralized.
If authorities acted against OpenBazaar users, they could arrest individuals, but the network would survive.
Simply put, QE can never be halted or even slowed. The USFed is in a corner, with no policy options, FACING COLLAPSE, with no ability whatsoever to halt the systemic failure in progress.
The USDollar is fast losing its integrity, during a dangerous global rejection episode. Therefore, QE must be exported, the easy candidate Japan. Call it Operation Tokyo Twist.
The King Dollar is in the final death throes, and the entire world knows it.
When the new Scheiss Dollar arrives, the wake up call comes. Its painful devaluations will bring price inflation, supply shortage, social disorder, and shock to the gutted nation.
The Tokyo Twist will be the song on the FOREX dance floor where all the gals (fiat currencies) are ugly, in a desperate contest to be the least ugly.
The new BRICS gold & silver backed currency is at an advance stage in the design rooms, soon to see actual implementation.
The Gold Standard is to be re-installed, euphemistically called the Currency Reset.
History is on the verge of being made.
After a very strong rise last Friday precious metals drifted lower-to-sideways for most of the week, but behind this unexceptional behaviour there are some tectonic shifts under way.
This latest capitulation by gold-stock investors has left this hated sector at truly apocalyptic lows. Bearish consensus is so extreme that pretty much everyone believes the gold miners are doomed to spiral lower forever. But today’s horrendous gold-stock price levels aren’t righteous, they’re a temporary emotional fiction conjured by epic fear. Trading at fundamentally-absurd levels, gold stocks are due to mean revert far higher.
Matterhorn Asset Management’s Egon von Greyerz out of Switzerland joins the show for a special episode this week covering the historic Swiss Referendum, discussing:
- Is the latest PM take-down ALL about the Swiss Referendum and portraying gold in as negative a light as possible to the Swiss people ahead of this month’s Swiss Referendum?
- Egon explains why we are witnessing the FINAL EXHAUSTION in Gold & Silver Manipulation!
- Paypal shuts down account for Swiss Gold Referendum, confiscates funds in Gestapo like move!
- Trouble brewing in Euroland? Egon predicts there is No chance the Swiss Franc/ Euro peg will hold with a yes vote!
Don’t miss this Special Edition Metals & Markets with The Doc, Eric Dubin, & Egon von Greyerz with full coverage of the Swiss Referendum:
Nearly 3 years ago, with silver trading near $40/oz and gold near all-time nominal highs, SD gold & silver analyst Marshall Swing shocked the PM community by warning that silver would crash to $15/oz, then rocket past $1,000/oz as fiat collapses!
Fast forward to Oct 31st, 2014, and silver has indeed crashed to a $15 handle.
Does the ONLY precious metals analyst who forecast silver’s crash from $50 to $15 still believe a silver moon-shot past $1,000/oz is coming along with a full-fledged fiat currency collapse?
Take heart silver investors. The one analyst who saw this coming remains as bullish as ever:
Gold and silver had a great day price wise.
However it did not start out that way. The criminal bankers started early last night with gold being pushed back below the $1160 level reaching its nadir at around $1145 early in the comex session. Silver saw its lows at around 2:00 am (London fix time) at $15.30. Then at a little after 9 am both metals started their huge ascent as the physical markets totally overwhelmed the paper markets. One could see that the market was going to test the huge $1180 gold resistance level.
The dam burst as it could not stop gold’s huge demand as gold ended the day at $1185.60 and silver at $16.31.
The bankers will regroup and will try and forcefully send gold and silver back down on Monday.
Of course the problem that the bankers have is this:
All speculators should cover all the shorts they have right now to secure MASSIVE profits!
But they won’t. Why?
The speculators really believe they can force the Commercials hand and pin their positions on them but that is not mathematically possible. They sense and even smell the blood of far lower spot prices in the future and they are determined to hold the mass of shorts for that payday.
Failure looms in their future as metals will not be allowed to crash until September of next year and it will not be the speculators who profit then but the Commercials who crash it in a few minutes, cover all their short positions as speculators and day traders give up their longs, then those Commercials go extreme long into the most incredible price rise in the history of any commodity (or equity).
The die is cast.
Gold’s triple bottom support at $1180, that was not expected to break, broke on October 31, 2014 and Gold has since been trading UNDER the $1180 support level.
Now what? Has the 14-Year Gold Bull Market come to an end?
Imagine, a currency of coins with functionality just like the coins and bills in your wallet today, but accepted globally, and not subject to fiat inflation, on the contrary: even inherently deflationary.
A truly “hard” global currency. “It isn’t hard to do”.
Silver…the forgotten real money of yesteryear.
Trillions of dollars’ worth of equities and bonds now sport prices that can no longer be trusted in any way, having been roundly boosted, squeezed, coaxed and manipulated for the dubious ends of quantitative easing.
The most important characteristic of any investment is the price at which it is bought, which will ultimately determine whether that investment falls into the camp of ‘success’ or ‘failure’.
At some point, enough elephantine funds will come to appreciate that the assets they have been so blithely accumulating may end up being vulnerable to the last bid – or lack thereof – on an exchange.
When a sufficient number of elephants start charging inelegantly towards the door, not all of them will make it through unscathed.
There is now a grave risk that an overzealous commitment to bench-marking is about to lead hundreds of billions of dollars of invested capital off a cliff.
The first trumpet blast of the “Clarion Call” to the truth in the PM markets has sounded…
What we’ll likely face dead ahead, calls for an emergency post.
During a time in which sentiment towards natural resources is bordering on doom, Rick Rule, Chairman of Sprott U.S. Holdings was kind enough to share a few comments.
Speaking first toward the phenomenon of market capitulation Rick noted that, “Capitulation is a very dramatic event. It’s when most participants in the market give up completely and simultaneously. They are two or three week periods [of] extraordinary [share price] violence. They’re emotionally driven rather than arithmetically driven events.”
One of the more important utilities of a capitulation according to Rick, is that, “In my experience they have marked definitively the end of long bear markets.”
When asked for a prediction on the gold price, Rick concluded that, “[The fight] is between gold and the U.S. 10 yr. treasury—and I don’t see how over 5 years we can possibly lose that fight.”