The 3 presentations here sum up where we are, why gold was bombed, why technical analysis in gold is a major waste of time and the direction we are, without any doubt, going. They build an argument that screams that you should not sell your physical gold or gold producers with political sensitivity, cheap cost of production, and near surface gold and, instead, either initiate or increase your gold and unique gold producer position.
So writes Jim Sinclair (www.jsmineset.com) in an introduction to his most recent post* entitled Where We Are, Why Gold Was Bombed, And Why TA Is A Waste Of Time.
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Sinclair goes on to say:
If you will devote time to watching each video carefully you will see how the recent operation to help the dollar by depreciating price of gold was not a short play but a play to keep a system alive. The opinion of the operators is that if the gold banks can keep pressure up on paper gold the huge demand for physical will fizzle.[Below are introductions and links to the 3 presentations I urge you to find the time to view:]
1. Columbia Economist Dr. Jeffrey Sachs speaks candidly on monetary reform and defines the illegality of finance as now practiced. Click here to watch the video…
2. David Rosenberg just gave this devastating presentation on the sad state of the economy. This is the key to QE to Infinity even when depositors are hijacked for bank rescues. Click here to watch the video…
3. In this video please do not watch the music video at the end. It is not pertinent or entertaining. The story however is your key to understanding exactly what has happened and what is about to happen.
This video discusses the natural tendency of gold under present circumstances and why the US Fed pushed the panic button at $1900. It is the heart of the emancipation of gold from paper gold which releases physical gold and those entities with physical gold easily available to naturally rise in to prices we dare not even consider. It is the freeing of gold which is Free Gold. (You will identify the negative gold writers as employees of, or beneficiaries of, Boss Hogg.) Click here to watch the video…[Sinclair’s views:]
The not-anticipated result of the take down on paper gold was to wake a sleeping elephant of physical demand from other every corner of the globe. The world outside of North America has recent memories of monetary situations exactly the same as now. They know that paper is in its final stage and gold is in a major ascendancy. Physical demand will remain strong thereby overcoming paper gold and forcing paper gold exchanges to change their methods of delivery, clearly restricting paper to a secondary role and making its use to manipulate gold redundant.
(Editor’s Note: The author’s views and conclusions in the above article are unaltered and no personal comments have been included to maintain the integrity of the original post. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.)
The recent panic selling in gold bullion caused those who were speculating to get out as their losses added up…[but] retail investors and central banks seem to be rushing to buy more. [Why is that? Let me explain.] Words: 260; Charts: 1 Read More »
When prices are set by companies that can profit by manipulating or rigging them, we’re screwed. This “harvesting” of our money in ever-more-creative and hard-to-detect ways is not just stealing by reaching a hand into our pocket and taking out money, but stealing in which banks can hit a few keystrokes and magically make whatever is in our pocket worth less. This is corruption at the molecular level of the economy – Space Age stealing – and it’s only just coming into view. Words: 630 Read
In my article of April 5th, posted here, I maintained that in the next year, and particularly for the next three to six months, a liquidation phase in the current cyclical bear market in gold would likely develop,,,[causing gold to] fall sharply. [Below are the 8 reasons I mentioned back then which still remain relevant today.] Read More »
Right now gold has no friends. Even some of its biggest proponents are declaring the bull market to be over…Let’s kick around a ‘short list’ of potential reasons for what caused the latest bloodbath. Words: 1170 Read More »
Everyone personally holding physical gold and silver, as we have been recommending, has no margin call to meet and no reason to sell. This is a temporary situation, and it will pass. Now is not the time to panic, as that is the intent of the central planners/bankers in forcing gold and silver through strong support levels. Stay the course. To the extent you can, continue buying the physical metal.
What happened?! is the question so many are asking about Friday’s waterfall in prices. A better question is, “Why?” Outside of the insiders, no one really knows. Yes, there can be some fairly cogent explanations, lots of glib answers, but no one knows, for sure. What we do know for sure is that the market is always the final arbiter [and this is what the market is saying:]
The paper gold market is being used to shake the bullish tree harder this time than any time before because of what is to come. Fear is the most powerful emotion in markets and it is being used perfectly to enrich the grand names of finance at your expense. We are right in front of that time when the market performs a classic bottom both in shares and physical. From this point gold is going to and through $3500 [so] if you are unable to buy at this time there is one thing you can do – to get into the fight and out of the stands. That act is do nothing, and do not capitulate. Let them play the price game, but give them nothing whatsoever of yours. Words: 758
David Mcalvany covers the reasons behind the major pullback in metals on April 12, and where they may go from here, in this most enlightening and re-assuring 8:14 minute video.
I have no problem with corrections in general, as they are a healthy part of any bull market and provide a platform from the which the next upleg can spring but something is not quite right about the recent price action in precious metals as the markets have become increasingly divorced from reality over the past few months. Let’s look at some of the glaring contradictions and then discuss the implications.