Last Friday's artificial take-down of the Gold spot on the COMEX (50 tons of paper Gold was dumped on the lowest volume trading day of the entire year) is a textbook of the FED and their crony bullion banks manipulating perception.
- They were accompanied by the usual suspects in the Financial Media talking the usual smack that Gold was bad. Not least of them was the brilliant Citi analyst who said Gold was in a 'bubble' while conveniently ignoring an even bigger bubble...Citi itself. Too bad irony is completely wasted on the Keynesians and other morons.
Gold is still a hedge against fiat currency weakness and government malfeasance. It's easy to see how the weakest currency (the USD) is being artificially propped up like a bad "Weekend at Bernie's."
YTD 2014 Gold is +14.3% in JPY, +12.3% in Euros, +5.86% in GBP, and +0.4% in USD. Huh? That means the Dollar is GOOD and Gold is BAD, right? Not so fast Sparky.
The COMEX has become completely irrelevant, especially in the two major global markets India and China.
- Gold is NOT priced in USD as the clowns of MSNBC and the American FTV assert. While the COMEX may be dollar-centric, the rest of the world buys Gold in their own currencies, not in dollars. They buy it in Yen, Swiss Francs, Euros, Rupees and Yuan.
Do you see the scam being perpetrated by the FED yet?
- They are trying to 'hide' the fact that something BIG is coming. When the proverbial hits the fan, it will (a) happen suddenly with little or no warning, and (b) the consequences will be "come as you are" for us.
Friday, 5 December 2014
Nothing to see here. Everything is fine....................from Rico
From Theo Spark at 21:53
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment