Paper muscles..................from Rico

Let's see:
- Benny makes a statement, bullion drops. Check
- Employment Report, bullion drops. Check.
- Housing 'misses' and bullion drops. Check.

The 'invisible hand' has certainly been flexing it's paper muscles lately. Again.
- Spot Gold bullion dropped from prior close at $1651.65 to today's close of $1643.05. Spot Silver from yesterday's $32.27 to $31.35 today. The 'bang' from pre-open was obvious and blatant. More unbacked paper to try and shake the physical leaves from the tree.

While many paper investors have assumed the fetal position (as intended), those holding physical could care less.
- This worries the perpetual paper shorts no end. Stand and deliver.

Unless one is already "all in" with physical, I think it is the time to buy physical and stand for delivery of physical (not fiat a la' Blythe).

We are seeing Keynesian death throes.
- It is not pretty. I have actually 'woken up' in countries where the value of the fiat currency 'evaporated (or to use a Corzine-ism 'vaporized') overnight. It sucks. Better have a Plan B.

PS - Have you heard the one about Turkey trying to 'persuade' it's citizens to trade-in their privately-held physical bullion for Government paper fiat and bonds? Seems they need it to cover a 10% shortfall on the Government end. Yeah, sign me right up for that you lying, thieving, bastards (or however it is said in Turkish)!