Before turning-in for the night Sunday I took a look at the "opening" of the access market.
- What was clear to me was this was the opening of the Cartel's bombing raid on precious metals, day#2.
Sure enough, ~10'ish Monday morning on the CRIMEX we again saw a paper-induced waterfall drop of prices in both Gold (from Friday's $1758.90* close to under $1730) and Silver (from Friday's $33.69* close to under $32.50). In mere seconds.
- Big whoop! I will not be captive to these 'seconds-by minutes-by hours' fakey 'boogeyman' games, so the dog and I enjoyed a nice walk in the forest instead. His comment was 'Meh! Let's take the hike these clowns need to take one of these days." Neither of us was either 'skeered' or 'impressed' as we were supposed to be.
Did Central Banks suddenly make everything "all better?" Well, NO.
- Greece is in worse shape now than it was six months ago, and the same goes for Spain, Italy, France, Japan, Argentina, and many-many others.
Classic Cartel 'running the Muppets back-and-forth' with their "fear on, fear off" gimmicks hoping their pre-election price suppression scheme delays the reckoning long enough for Central Banks to solve a problem that cannot be solved.
- But, they cannot 'save' themselves in the end, and only a fool thinks they are going to 'save' anyone else.
We're all completely on our own in this.
- Well, mea culpa, this is not exactly true...there are a few voices of reason and honesty in the current wilderness of shills peddling misinformation to the sheeple. Jim Sinclair, Eric DeGroot, Dan Norcini and Eric Sprott come to mind immediately. There are a few more out there, but precious damned few.
Want some 'good' news?
- This all coincided nicely with the announcement that JPM's profit was UP 34%. Who friggin' knew that processing those EBT cards could be so rewarding?
*So, in all candor some full disclosure here: Having gone all-in when Gold was near $700 and Silver in the low $20's and gotten completely OUT of Dollar-denominated paper of any type years ago, I can "do the math" without taking off my shoes or getting into the shower and the math tells me these short-term paper 'games' are meaningless and pointless to me, as they should be to anyone with two wits to rub together.
- Whether you think Gold is going to-and-through $3500 or even higher, and Silver to-and-through $50 again...it's crystal clear that the Dollar is fast approaching zero and we have almost run out of road to kick the can down.
- Sell? You've GOT to be sh*tting me! (channeling my best inner Lewis Black). I only wish I was flush enough to buy even more at these bargain (suppressed) prices! (But, that said, I absolutely refuse to get leveraged.)
- Buckle-up, this fun ride is far from over! Wheeeeeee!!!!!!!!!!!
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