After three days of heavy price smashes, here comes CNBC right on queue, except they brought an air-soft rifle looking for a 1-mile kill shot…
There’s a bitter taste after yet another sour morning in gold and silver, so I’ll cut right to the chase:
Gold is the exact opposite of “eerily quiet” this year:
In fact, August 2017 set the all-time COMEX record for the volume of gold traded.
That is not “eerily quiet”, that is utter desperation on the part of the cartel (ESF, Fed, bullion banks, corrupt washington, etc) to keep the yellow metal from breaking-out.
Record volume means it’s “louder than ever”.
On the surface, this article looks innocent, and that’s the beauty of the MSM propaganda.
The unsuspecting American who knows the price of everything and the value of nothing tunes it out.
But now the MSM has resorted to bringing an airsoft rifle looking for the 1-mile kill shot.
We’ll let CNBC do the explaining:
Gold’s trading activity has been unusually calm this year, but that may be about to change.
Metals expert Michael Dudas of Vertical Research sees volatility slithering back into the “eerily quiet” gold market — with a “breakout” potentially in the cards as the December Federal Reserve meeting approaches and as lawmakers battle over the tax reform package.
Interestingly, the analysis is rather calm and collective on the part of Michael Dudas, even if he’s unaware of the record setting volume months in the chart above:
Notice when he says “we expect an average price of $1350 in 2018” the host immediately cuts him off and says “well, that’s not that much higher Mike”.
How do you know it’s a gold hit piece?
One or more of the following are present (and this isn’t even a complete list):
- Say one thing (eerily quiet) when the data shows the opposite (record volume since the COMEX cam into existence)
- Have a guest that is bullish, but not really that bullish, who is definitely not a goldbug, and who says that gold could breakdown just the same
- Belittle the guest the moment he says anything positive about a price target
The above referenced hit piece has all three of those bullet points.
– Half Dollar
About the Author
U.S. Army Iraq War Combat Veteran Paul “Half Dollar” Eberhart has an AS in Information Systems and Security from Western Technical College and a BA in Spanish from The University of North Carolina at Chapel Hill. Paul dived into gold & silver in 2009 as a natural progression from the prepper community. He is self-studied in the field of economics, an active amateur trader, and a Silver Bug at heart.