Peter Schiff was back on CNBC Wednesday, and discussed gold’s latest raid, and The Vampire Squid’s latest Muppet call for a major decline in gold. [Read more...]
T. Ferguson: Worst May be Yet to Come, Good Chance Silver Will Be Taken Down to $25, Gold Towards $1500
Our friend Turd Ferguson of TFMetalsReport has released a gold and silver update warning that the worst may be yet to come for the current gold and silver cartel smash.
Ferguson states that the odds are at least 25% that gold and silver will still see a spike-low harvesting stops, with silver plummeting to $25, and gold towards $1500:
I’m beginning to sense that the ultimate goal of this entire event is to harvest the stops below $26. IF this happens…and currently I’d put the odds at about 25%…a quick drop to $25ish would be your final bottom. Price would quickly recover back above $26 and this deliberate beatdown would be over…And gold could very easily suffer the same fate. If The Cartel can engender enough additional spec selling, a veritable cornucopia of sell stops lay waiting for them sub-1530. And you can just imagine the reaction in the media: “GOLD IN BEAR MARKET!!” will be screamed as loudly as possible in the hopes of inspiring even more selling.
Is the worst yet to come in the gold an silver correction?
Watch Ben Bernanke Spew Propaganda on Economic Recovery to UMich Students LIVE at 4pm EST
The Propagandist in Chief (aka Federal Reserve Chairman Ben Bernanke) is scheduled to give a lecture at the University of Michigan’s Gerald School of Public Policy at 4pm EST today on current economic issues and the recovery.
Have your buy orders ready, and prepare to Stack the Smack if the cartel MO of raiding the metals on Bernanke speeches/ FOMC releases continues.
Watch The Bernank’s speech live below at 4pm EST [Read more...]
Jim Sinclair: Great Train Robbery in Progress- Goldmans of the World Are Going Massively Long Gold
The legendary Jim Sinclair (who called the current bull market before anyone over a decade ago) has long maintained that the bullion banks would make the lions share of the profits in this massive secular bull market, not the average gold investor.
Sinclair has sent an alert to metals investors today, advising that the current massive take-down in the metals is the end-game, and the Great Train robbery is in progress in which the Goldmans of the world will go massively long in gold.
Sinclair states that as soon as the bullion banks have grabbed every last available ounce of gold they can lay their hands on, gold will EXPLODE to $3,500.
MUST READ! [Read more...]
Jim Sinclair: Capitulation Everywhere- Manufactured Market Events in Gold & Silver Will Not Change Long Term Trends
The legendary Jim Sinclair has responded to distraught gold and silver investors over today’s massive cartel take-down of gold and silver.
Sinclair states that today’s price action reeks of capitulation everywhere, and that This event has been a manufactured market move since $1800, with clearly planned and executed intervention. The gold price take downs during low volume periods internationally is a known price moving only tactic.
Sinclair reminds readers that the hardest part of enduring a bull market is to be right and sit tight, and that the cartel’s manipulation will not change the overall trend: A manufactured market event will not change the trend. Even the most professional can be reduced to sheeple by their emotions.
Sinclair’s full alert below: [Read more...]
MOPE RAID: Gold & Silver Hammered in Globex After QE4 Announcement
The manipulation of gold and silver prices by the Western bullion banking cartel is all about the management of the perception of economics.
Investors MUST NOT protect themselves from currency debauchery by acquiring hard assets such as gold and silver to preserve their capital.
Readers will recall that in November of 2011, the gold price was sent down a vertical mineshaft just moments prior to the announcement that the Swiss were linking the CHF to the Euro, which was intuitively massively bullish for gold.
Another counter-intuitive smash of gold and silver prices is in progress, as gold has been smashed $30 and under $1700 from it’s post QE4 announcement high near $1725, and silver has been smashed $1.15 from $33.92 to $32.77.
The Doc has been inundated with desperate precious metals investors ready to throw in the towel with tonight’s raid, as those without conviction are buying into the Fed’s MOPE, hook, line and sinker. This is a war, and a battle for your wealth and your assets earned through blood, sweat, and tears.
THE FED HAS ANNOUNCED OPEN-ENDED UNSTERILIZED MONETIZATION OF TREASURY BONDS AT A PACE OF $85 BILLION PER MONTH!! THIS IS $1.02 TRILLION IN ANNUAL BOND MONETIZATION, WITH BERNANKE EFFECTIVELY STATING QE4 WILL CONTINUE WELL INTO 2015. THIS IS THE END GAME!! THE FED HAS NO WAY OUT, AND IS BACKED INTO A CORNER. QE TO INFINITY AND BEYOND IS HERE. [Read more...]
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