The post QE4 MOPE raid in gold and silver continues today, with the cartel moments ago sending silver down another waterfall to $32.19, and gold to $1688.
With the Fed now OPENLY admitting that the only way to fund the massive US deficit is by outright bond monetization, current precious metals prices will be looked back upon as the greatest opportunity/gift of all time in the not-too-distant future. The question is will you have the intestinal fortitude to be right, and sit tight?
As the desperation continues to intensify among precious metal investors (the exact intentions of the Fed and the cartel), we are re-posting The Doc’s rant from last night:
The Doc has been inundated with desperate precious metals investors ready to throw in the towel with tonight’s raid, as those without conviction are buying into the Fed’s MOPE, hook, line and sinker. This is a war, and a battle for your wealth and your assets earned through blood, sweat, and tears.
THE FED HAS ANNOUNCED OPEN-ENDED UNSTERILIZED MONETIZATION OF TREASURY BONDS AT A PACE OF $85 BILLION PER MONTH!! THIS IS $1.02 TRILLION IN ANNUAL BOND MONETIZATION, WITH BERNANKE EFFECTIVELY STATING QE4 WILL CONTINUE WELL INTO 2015. THIS IS THE END GAME!! THE FED HAS NO WAY OUT, AND IS BACKED INTO A CORNER. QE TO INFINITY AND BEYOND IS HERE.
Gut check your emotions at the door, and think rationally. Do you want to throw in the towel and cancel your insurance while the house is on fire? Physical monetary assets protect you from the theft known as the loss of purchasing power from currency devaluation. The Fed is attempting to stoke the velocity of money, and once the velocity picks up, hyperinflation will be on the doorstep. Please understand that EVERY OCCURRENCE OF HYPERINFLATION IN HISTORY HAS BEEN PRECEDED BY TERRIBLE ECONOMIC CONDITIONS!
THE END GAME IS HERE, DO NOT THROW AWAY YOUR INSURANCE AND PROTECTION!!!
Silver sent down another waterfall from $32.80 to $32.19
Gold knocked under $1690: