This is interesting.
- Gold suddenly ripped higher this morning. Why? What caused it?
There are TWO theories, but the teleprompter readers of the FTV complex are only reporting ONE of them, and as usual it's a false narrative/the wrong one:
- Theory #1: I"t's what the Chicago Fed President Charlie Evans just said on CNBC that caused this spike." Really? He didn't say anything new or different, just inanely repeated the Fed's "party line" on QEternity (digital money-printing to infinity and beyond). But, it was on FTV and it's an easy, albeit quite stupid, theory. [Pardon the redundancy here.]
- Theory #2: Germany, France, and Poland are moving towards establishing a "banking union" which is yet almost completely unreported outside Reuters Europe right now. [Read: bye-bye and adios to the EU.]
Of course, anyone who has not been drinking the FTV complex cough syrup about 'fiat good' and 'QEternity even better' and 'Precious Metals bad' (especially Gold) is already aware of how fiat currencies are performing vs. Gold in this environment.
- Take a look and decide for yourself if the 40-pound Keynesian brains are right, or the shiny metal stuff is
Monday, 1 October 2012
Two theories, only one reported...................from Rico
From Theo Spark at 18:24
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