Here we go again! With the cartel’s gold smash stalled at $1386, breaking across the wires is a Bloomberg report that Cyprus Finance Minister Haris Georgiades has just stated that Cyprus will liquidate its gold reserves within the next few months.
Now we know why the Cyprus gold sale story was refuted 48 hours after the initial report: so the MSM could re-cycle the news and use the threat of the same tiny 10 ton gold sale as an excuse for another future paper raid.
Still no mention from Bloomberg or any other MSM source about last weekend’s collapse of Rio Tinto’s Kennecott mine in Utah, which wiped out 5 million ounces in annual silver supply, and 500,000 ounces of annual gold supply. [Read more...]
Deja-Vu MOPE: Cyprus Finance Minister Announces Gold Sale Within Next Months
Jeffrey Christian: Gold Bull Market Died in 2011
By SD Contributor SRSrocco:
STRAIGHT FROM THE JACKASS’S MOUTH…
Jeffrey Christian today proudly proclaimed on Mineweb that the gold bull market died in 2011, and that he correctly made that call 2 years ago.
As all of you know, Jeff Christian is CPM Group. Funny that he says the Gold Bull Market Died in 2011.
Let’s bring back one of his wonderful forecasts for silver from Financial Sense Round Table back in 2011: [Read more...]
Jim Willie: Raging Gold Bull & Disputed Propaganda
By Jim Willie, GoldenJackass.com
The propaganda has turned openly laughable. On the popular major financial news networks, the recent decline in the so-called Gold price has prompted quite the parade of clowns on the ship of fools to trumpet nonsense. The widely published and posted Gold price is dominated by futures contracts, and thus as corrupted as meaningless.
The entire global financial structure is crumbling before our eyes. The gang of central bankers has applied their monetary policy for four and a half years since the implosion of Lehman, Fannie Mae, and AIG. The first is dead, while the second has transformed into a sanctioned subprime lender again, and the latter is a sinkhole. The deceptive messages are shrill, acute, and motivated from desperation. The West cannot solve its problems, hardly properly described as a financial crisis anymore, under the current framework bound to the fiat paper currencies.
The global monetary war is heating up notably. The heavy liquidity has caused unfixable distortions in every conceivable bond market niche. The new and better debt devices have been exposed for their shams. The leading central bankers lost their credibility long ago. The weakness is as broad as it is deep, a reliance upon paper wealth and paper structures and paper contracts, during a time of zero bound interest rates and unfettered hyper monetary inflation to cover the debts. Almost no foreign USTreasury Bond buyers exist anymore.
The US has become Weimar Amerika, a fascist enclave. [Read more...]
Deepcaster: Fed Minutes Propaganda Achieve Goal, Drive Gold & Silver Down Through Major Resistance
Submitted by Deepcaster:
All Investment Cognoscenti know that The Fed’s “Communication Policy” is aimed at Financial and Market Ends, not at Truth. (Here, should we rely on The Fed’s earlier expressed “Guidance,” or this week’s “Scaling Back” Hint? They can not both be True.) Indeed that Policy could well be paraphrased “Tell whatever Lie you need to, to achieve your Goals.”
Those recently released Minutes, for example, achieved a Primary Fed Goal of blowing the Gold and Silver Prices down through Major Resistance, and a Secondary one of cooling somewhat inflated Equities and Commodities Prices. As leader of The Cartel (Note 1) a Cornerstone of The Fed’s Policy is, and has long been, to suppress Gold and Silver Prices, lest they further devalue their Fiat Currencies and Treasury Securities, and so they will not alarm the Hoi Polloi about the intensifying Price Inflation (e.g., 9.24% in the U.S. – Note 2) which their Ongoing Monetary Inflation is increasingly producing. [Read more...]
Fed Minutes MOPE: Fed Threatens to End QE; Gold & Silver Vertical Smash in Progress
As expected here at SD, the latest Fed minutes are pure propaganda claiming the Fed may end QE soon as the economy is recovering more quickly than expected. This is as even Walmart’s sales are crashing.
Cue the anticipated smash in gold and silver.
and….Gold & silver dropping vertically as expected. Unbelievable.
Full Fed Minutes release is below: [Read more...]
Jim Sinclair: Collapse in WalMart Sales Reveals US Recovery is Dead
Jim Sinclair sent an email alert to subscribers Saturday, and stated that the recent decline in sales at Walmart exposes the fact that contrary to MSM MOPE, the US economy has flat-lined and expired.
Sinclair states that there is simply no other tool other than gold that can now repair the balance sheets of Western governments, and that readers’ main complaint will soon be that Sinclair’s call for $3,500 gold was much too conservative.
Sinclair’s full update is below: [Read more...]
Banker/Faux Science Propaganda: Silver Concentrations in Sewage Water Poses Severe Environmental Risks
Apparently the banksters are now worried about the non-investment demand for silver- particularly medical demand.
A just released Science Daily study states that silver particles embedded in clothing pose severe environmental risks to the environment due to sewage water contamination by silver. That’s right, sewage water is contaminated by the presence of the best known anti-bacterial element: silver.
Forget the toxic pesticides like Round-Up and the GMO’s affecting 95% of US food supply, its micro concentrations of silver in sewage water that poses a risk to humanity!
Think this study just might have been funded by the banksters? [Read more...]
CNBC MOPE: Actual Existence of Gold Reserves is Irrelevant, It’s the Bookkeeping That Matters!
With this week’s reports that Germany repatriated 1,000 tons of its gold reserves from the Bank of England between 2000-01, and is repatriating 150 tons of its gold reserves from the NY Fed over the next 3 years, clearly the awake participants have realized the music stopped long ago, and are grabbing their physical gold chairs.
It is now inevitable that an avalanche of central banks, hedge funds, and wealthy investors worldwide will begin to emulate Venezuela and Germany and request physical delivery of their unallocated (rehypothecated) ‘gold’.
In an amazingly weak and futile attempt to stem the inevitable onslaught of delivery and repatriation requests, CNBC’s senior editor John Carney has released an editorial claiming that it matters not whether the gold held at the NY Fed and the BOE is filled with tungsten, has been leased or swapped, or that it even exists- all that matters is the Fed’s bookkeeping ledger that states the gold is there. [Read more...]
Trumping the Fed’s Tricks with No Treats
Just a week ago 3.6 Million Ounces of Physical Silver were removed from the COMEX Registered Inventory – fully 17% of the Total Registered Inventory of Silver. There are Big Buyers of Physical Silver. And yet Cartel Price Suppression Actions and several Main Stream Media Spinners would have us believe that demand for physical Silver (and Gold) is topping out!
In sum, that part of the Public which relies mainly or solely on the MSM for its news is being Tricked – to use the Halloween Metaphor – into half-truths, misinformation, and that Manufactured News otherwise known as Disinformation. And of course there are blatant News Blackouts.
Those gulled into such Fictions will not have the “Treat” of being “long” the next time Silver and Gold Explode upward, and they will be (and are being), misdirected into investments that have little or no Profit or Wealth Protection Potential. [Read more...]
MOPE Will Be Flowing Like Crap Down a Sewer to Dissuade People From Buying As Silver Goes to $75 Here and NOW
Submitted by SD Contributor AGXIIK:
If silver hits $75-100, or scoots well into triple digits then more than just hard core silver stackers will take notice. We will finally see a real stampede as the general public begins entering the market.
As silver moves through $75 an ounce and the general public finally takes notice, MOPE will be flowing like crap down a sewer to dissuade people from buying. [Read more...]
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