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Fund Manager Dave Kranzler Fills In For Eric This Week, Breaking Down the Latest Metals Raid:

  • Smells Like 2008 All Over Again: The Manipulation is Almost Frantic, Feels Like the Action in 2008 Right Before the Collapse
  • Fat Finger Waterfall Cliff Dive – AKA The Cable Broke on the Mine Shaft
  • If the Fed Raised Rates to Historic Norms, We’d Been in a Depression That Looked Like the Black Plague! 
  • Kranzler Reveals Why “This Tells Me We’re At A Bottom in the Metals”…

 

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  1. I am going to post this article link here because there may be some who will have interest in it:

    http://lonestarwhitehouse.blogspot.com/2017/07/the-true-gold-standard-monetary-reform.html

    In this article, yet another respected economist (John D. Mueller) tells me he believes the dollar is “doomed” and that after we try everything else, he thinks we will end up with a modern version of a gold standard. Mr. Mueller was one of the speakers at the Kemp Foundation forum on the US dollar held earlier this year in Washington DC.  I am also told that an effort will be made to try and get the Kemp Foundation to host another seminar on ideas for monetary system reform. If anything does happen on that, it could be interesting.

    • @Larry

       

      Reading about a “modern version of a gold standard” always leaves me wondering just what that would be like.  Any thoughts as to what such a system would look like and how it would work?

      I agree that this will only be tried AFTER all else has failed… and probably failed miserably at that.  The politicians would have to be one step ahead of the lynch mobs at that point and would be offering this up to protect their lives.  Otherwise, we will have to pry the fiat debt paper Ponzi scheme from their cold dead hands.  The opportunities for graft and corruption in these failing monetary systems is just too rich for them to give up willingly, unless there just isn’t any other viable option.

       

    • “I smell a trap. Au/Ag to test the low of this move.”

      Hard to say whether this is a trap or the stench that we all smell is just the odor coming from the usual midnight naked paper shorting criminality.

      Most traps work because they are well disguised and baited.  The bait seems to be impending higher prices.  But we’ve had that rug pulled out from under us too many times not to suspect anything other than the usual result of this activity.

       

  2. How many tons of Gold does the US Tresury have in the vaults in 2017?

    A) None

    B) IOU note

    C) Tungsten

    D) 8,177 tons

    This will determine if the US dollar is backed by Gold. If not the party is over.

    Stacking the shiny silver phyzz till the cows come home.

    • I choose ABC as the answers to your question.  The odds against the US Gov having the claimed 8150+ tons of fine gold seem long indeed.  Else why not audit the US gold hoard?  They seem highly resistant to doing that and if there really is 8,150+ tons of gold in the US inventory, why go to such lengths to avoid audits?

      Furthermore, at the end of WW-II, the US claimed to have 28,000 tons of gold in various vaults within the US.  My question is, “Even if they have the claimed 8150+ tons of gold in hand, what happened to the other nearly 20,000 tons?”.

      This also applies to the Fed.  Why not audit them?  Don’t We the People deserve an accurate accounting of what our government AND the Fed are up to?  Knowing that they both faced regular independent audits would go a LONG way toward crimping their otherwise criminal endeavors to defraud We the People.  Getting rich by illegal means is only attempted by those who think that they can escape justice for their actions… with the loot in hand.  Being convinced that they would be caught AND punished in a way that exceeds the possible gain is about the only way to prevent such thievery.

       

    • There are several on here who have had that “feeling” about our house-of-cards stock market for some time now.  Typically, this comes from those who watch the market closely yet are unable to explain what’s happening there because it is so contrary to their experience.  Those who do not watch the market closely, tend to be unaware of such things.  Perhaps this is some form of intuition?  Our subconscious mind collects a lot of data.  Much of it is just little tidbits gathered from here and there but that do not make sense when viewed intellectually.  It is only when the subconscious mind has the chance to chew on these tidbits that it gets an inkling that something odd is going on.  It might not know what is going on, only that something IS going on that no one is talking about and that few seem to know about.  I have learned to pay attention to such things because it can get VERY expensive when they are ignored.

       

  3. Best guess is they’ll allow gold to slowly drift higher to the $1,270 area then have their boys (Turk, Sprott, Embry, maybe Maguire again) to come out with very bullish comments the instant the price crosses the 200-day moving average with their “this is it” coordinated scripted messages. Gold then accelerates to the $1,290s quite quickly so anticipation is heightened that $1,300 and beyond is at hand before the hammer falls and keeps doing so all the way down to the low £1,200s – a replica of what’s occurred of late, in fact. By doing that they maximised the frustration of fully loaded gold holders and immediately discouraged brand new gold buyers. A repeat would of course inflict greater psychological damage, and maybe induce many more to sell their financial insurance policy.

    Promoting false near term hope is the name of the game, and it’s why – to the consternation of so many – that the same tired faces at sites we’re familiar with get star billing year in, year out in spite of their truly appalling records.

    I’d be surprised if they wheeled-out Maguire again as he’s surely outlived his usefulness following his July 5 hoax.

    • I make it a point to tweet Maguire everyday and ask hime how long his “short delay before an announcement” is going to take.   I think everyone should bombard him with tweets.

      I really get the feeling (unfortunately) that Maguire and King World News are hand in glove to pump the metals.   KWN because they are for ever pushing some mining companies shares and Maguire because he operates a Gold dealing operation.   Pump and Dump springs to mind.

    • “… that the same tired faces at sites we’re familiar with get star billing year in, year out in spite of their truly appalling records.”

      In a bizarre twist of fate, this pretty much describes the Fed too.

       

  4. 50, 100 and 200 day moving averages with all the momentum and charting appears to be nothing more than SQUIRREL bait.

    Look!

    It’s a 200 day moving average.

    Look!

    It’s a Fibbonaci curve inversion

    Look!

    It’s a Sigma 4 retracement reversal. Whatever the effing hell that is.  I made it up

    Look! Look!

    Not over there, you idiot.

    Look over here.

    • @AGXIIK

       

      “These aren’t the droids you’re looking for”.  😉

       

      That or, “Don’t look at what I’m doing, LOOK at my madly waving other hand!”.

       

    • Yep.  Depressions tend to be like that… no matter how many slick government programs there are to paper over that fact.

       

  5. Talking about 2008 deja vu I live in France.   Off topic.   There is no better place to watch ‘sheeple’ than France.   They fall for everything their media and government tells them.   I think it’s because most of them only speak French so the big wide-world is a complete mystery.

    We have just had the anniversary of the Nice truck attack where supposedly 85 died and over 200 injured.  The problem with this “terrorist” attack was Peter Sellars Inspector Clouseau was in charge of the “attack”.

    Time line:-

    2200 Nice fireworks display (finishes 20 minutes later)

    2230 Gunfire heard.  Police shouting “run” to everyone in the area. (Nobody knows why they are running when asked)

    2250 Area completely cleared and blocked-off (crisis actors and dummies)

    2300 Truck starts to slowly roll conveniently filmed by a professional camera man.

    Inspector Clouseau forgets to tell the woman in charge of Nice CCTV to turn-off the cameras.  After the event the government orders her to destroy the videos.

    The government puts a ‘addition’ to all insurance and collects well over Euros 1.5 Billion.   This will obviously be permanent so to keep it relevant there will presumably be more ‘attacks’.

    Who says crime (terrorism) doesn’t pay.

    • It is theater, but be grateful for it. If the masses wake up broke one day they’re going to riot, and the machinery of control needs to be in place. This will protect people that have any wealth left.

    • Very well said. The western world truly has gone mad.

      “Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one” from Extraordinary Popular Delusions and the Madness of Crowds by Scottish journalist Charles Mackay, first published in 1841.[

      John Lennon ‘Gimme Some Truth’ lyrics.

    • They can no longer allow real estate to go down without massive pain being unleashed locally.  Imagine all the extra income cities, counties and states now receive after the big 2008 bubble mania run up in real estate prices!

      Pretty obvious they MUST keep pushing up real estate and stawk’ prices.  If these tank for any period of time you’d have large layoffs at the state, county and city level plus pension crisis after crisis.  Even with the run up in stawk’ prices there are a lot of pension crisis’ brewing.  Imagine if the market fell by 25% it would be sheer panic in they streets.

      Most of the countries which have undergone hyperinflation their stawk’ market has been the best performing asset and took off like a rocket.  This is their last attempt to keep pensions funded and house prices afloat.  DOW to 50,000!!

  6. Before this is to take place, you will experience a sudden cataclysmic event caused by a cosmic disturbance that will be seen and heard all over the world.  When this event comes to pass you will know that the three days of darkness are upon you.  You must go to your homes and stay indoors.  My angels will protect you from harm.  There will be time between the cosmic event and the darkness falling for you to go to your homes with your families and remain safely inside.  I will be giving each one of you specific instructions through My Holy Spirit at that time.  My angels will be surrounding your homes and properties and keeping you safe from the evil one and the coming darkness.
    This is all I am giving you now.  I will give you more later as the time for this event comes closer.

  7. Even better   @Ed_B

    Droids, robotraders, ALGOs are 90% of the market

    So how does one chart and graph a market that is not controlled by the human hand.

    Even the software that was written, at one time, by human hands ,is now written on the fly by the AI market trading equivalents of Skynet.   And as Skynet gained self awareness, it determined our fate in a nano second

    Is it possible that these ‘netted’ trading bots won’t gain some form of awareness?  In their awareness ‘they’ decide that our fate is instant penury.  Once they remove the managed funds they now claim as their own, shifted from a calamitous stock crash, they precipitate the mother of all stock market failures; one where the funds are locked from trading and vaporized.

    Call it MF Global Singularity meets I Robot, sans Azimov’s 4 Rules of Robotics (Zeroth is the 4th)

    Human intervention is no longer possible  Many brokerage houses are firing their organics and wetware components, replacing them with C3PO and his friends, who lock out their former masters.

     

     

    • @AGXIIK

       

      I am pretty much ambivalent about such things, figuring that any species that creates its own replacement pretty much deserves what happens to them.  Nature WILL come up with a suitable replacement.  It always does.

       

       

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