Posted on 04/15/2013 10:07:30 AM PDT by blam
“Watch The Metals, When They Dip. It Will Be A Good Indication That Things Are About To Happen.”
Mac Slavo
April 15th, 2013
As of this print the price of gold is reaching fresh two year lows, down nearly 25% from its all time high just six months ago. Though uninformed onlookers and financial pundits may see this as the popping of the proverbial gold bubble, the velocity and scale of the take-down in precious metals suggests that there is a massive assault in the works. According to former Assistant Treasury Secretary Paul Craig Roberts, last Friday’s price drop was the result of some 500 tons of gold being dumped onto paper markets, an amount equal to about $25 Billion dollars worth of the metal. Likewise, silver saw a similar dump and price drop. Moreover, the very same thing is taking place this morning, suggesting that some very large and influential market makers are involved.
Who has that kind of money and can afford to lose it in naked short positions? According to Paul Craig Roberts, “only a central bank that can print it.”
Thus, one must assume that this is not a natural effect of the free market, but rather, a coordinated attack on the global precious metals exchange orchestrated by our very own Federal Reserve, an organization run by a board of directors that includes representatives from some of the world’s largest banking institutions.
What’s most alarming about the collapse of gold and silver is that it was predicted in December of 2012 by a Department of Homeland Security Insider. In an interview with Doug Hagmann at the Northeast Intelligence Network, the insider warned that life for the average America would change drastically, and soon, and that this change would be preceded by ...
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(Excerpt) Read more at shtfplan.com ...
I would think with al of the political connections, cronyism and patronage, everyone who is anyone has been out of the market for months.
Now they are killing off the investors who thought they would ride this all the way to 2000.
Gold wil go back to 1000, wash, rinse and repeat.
How does Cyprus selling their gold reserves translate into “coordinated by the FED”. If anything this was coordinated by the EU.
Not being very smart, I don’t get it. If someone is selling, someone is buying. If someone is selling that much and someone is buying that much, wouldn’t the price eventually go back up?
Maybe they are intentionally driving down the gold so they can buy it all up at a cheaper rate......
Drudge has a report linked ion the front page... precious metals are tanking across the globe.
GOLD PLUNGE...
Investors Bail Amid Collapse...
‘PANIC IS EVERYWHERE’...
Worst two-day loss since 1983...
LIVE...
LLS
I must admit I’m a little confused. On the one hand I have heard that one gold prices are rising, that is a bad sign. A signal that people have little faith in the economy and even less faith in the currency. Gold was traditionally viewed as a safe haven in turbulent economic times.
Today we see a huge sell off in gold....and some people say that is bad news. So which is it? Could it simply be that gold was overpriced and now there is a correction? If Armageddon is about to break out, I would expect gold and oil to be going UP in price....not down. And I never complain about lower oil prices.
This will become the buying opportunity of a lifetime. When silver prices drop below $15.00 per ounce ( now at $27.00 / ounce), BUY, BUY , BUY silver bullion and store it yourself.
Source: http://canadafreepress.com/index.php/article/54494
Remember Benghazi, when 'protest over a video' was merely a diversion from what REALLY happened there? Seems team 0bama are masters of diversion.. Interesting stuff at Canada Free Press too!
It may soon be time to buy again. If it drops to $800 or $900 an ounce I will consider it.
A while back a friend advised, never sell gold. Always hold onto it. Glad I did not take his advice. Think I will pick up the phone and call him this afternoon.
You have arrived upon the very complex financial strategy of the Gold Bug.
1. Gold it up! The poop is hitting the fan! It’s the End of the World! Buy Gold!
2. Gold is down! The poop is hitting the fan! It’s the End of the World! Buy Gold!
“A while back a friend advised, never sell gold.”
That is very bad financial advice.
I don't think I understand it all very well either. In other words, I have the same questions.
My guess would be that people are taking profit in gold and putting it into other investments, perhaps real estate.
Deflation or inflation is what happens when QE runs its course and the economy barely improves. The only thing QE did was prop up stock market and bond market. Once QE stops stock market will crash and interest portion of fed budget will increase because in order to attract buyers for T bons, US must sell at lower price (interest goes up). My personal approach is 10 percent prec metals and 90 percent cash. If gold is dropping we may have deflation and if QE stops, interest rates will go up/stocks crash. Cash is king. If Fed refuses to stop QE, inflation can ignite and gold becomes king.
It depends on the circumstances, as trading PMs is a very complex matter. It is important, first, to understand the difference between physical metals, ETF’s / Commodity Markets. What was dumped on Friday were futures contracts, not per se physical gold.
Best financial advice I’ve ever heard is from a bond trader I work with: Buy [from] fear and sell [to] greed.
> You have arrived upon the very complex financial strategy of the Gold Bug.
> 1. Gold it up! The poop is hitting the fan! It’s the End of the World! Buy Gold!
> 2. Gold is down! The poop is hitting the fan! It’s the End of the World! Buy Gold!
I notice that’s also the finical strategy of oil/petrol:
1) peace in the mid-east -> prices go up,
2) war in the mid-east -> prices go up,
3) uncertainty in the mid-east -> prices go up.
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