Thursday , 28 March 2024

Today’s Financial Entertainment: “Cataclysmic Observations” Regarding Gold & Silver

Frankly, we cannot conceive of a more cataclysmic set of circumstances for both the globalgold-silver economy in general, and the gold Cartel specifically [than currently exist].  Act now, before “traders” return from summer vacations next week or you may be locked out of the most important “protection trade” of all time!

The above introductory comments are edited excerpts from an article* by Andrew Hoffman (blog.milesfranklin.com) entitled Cataclysmic Observations.

The following article is presented by Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!)www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and the FREE Market Intelligence Report newsletter (register here; sample here).  This paragraph must be included in any article re-posting to avoid copyright infringement.

Hoffman goes on to say in further edited excerpts:

In our view, there is no more damning proof of QE failure than collapsing interest rates amidst hyperinflationary money printing, which must continue given the gathering global consensus that what we predicted all along – “QE to Infinity” – is a fait accompli in the terminal stage of fiat currency Ponzi schemes.

To wit, essentially all nations are stuck in the same “QE trap,” which, after 43 years, has finally been universally sprung.  Watching the benchmark U.S. 10-year Treasury implode today to 2.34% – amidst the “good news” of a (fraudulent) upward GDP revision, we couldn’t be more validated in our view that “QE to Infinity” is a fait accompli in the terminal stage of fiat currency Ponzi schemes – or more terrified of their ramifications

Worldwide economic activity is rapidly approaching 2008-level free-fall speed with the only remaining “cushion” being history’s most blatant, heavy-handed, hyper-inflationary money printing and market support.  Heck, look at Japan’s [most recent] economic data[which reports] a much higher than expected 3.4% inflation rate, a 5.9% collapse in July household spending and a 0.5% decline in retail sales – combined with surging unemployment to a nine-month high…[If it were not for] the BOJ now overtly buying stocks…[these] losses would probably morph into a 1929-like crash.  Hey, just a few months left until Abenomics must be “doubled up.”  Gee, what could go wrong?  Then again, at least they can wait a few months – as opposed to “Goldman Mario” Draghi, who if he can’t goose markets in the next few days, will be forced to commit Europe to its own version of “QE to Infinity” next Thursday.

Last but not least, under the heading of “how foolish do they think the entire world is?” is today’s comically blatant paper PM raids. 

In gold’s case, what a shock, capped at exactly the Cartel’s 1.0% upside cap at exactly the COMEX open

24hr Gold 8-28-2014

with a second decline at precisely the 10:00 AM EST “key attack time number #1” (when global physical markets closed), coincident with interest rates plunging to their low of the day, whilst the PPT executed a perfect “dead ringer” algorithm to defend the Dow Jones Propaganda Average.

3 Graphs

As for silver, it does not get more obvious how terrified the Cartel is of the “financial world’s Achilles Heel” destroying them – which we assure you, it will.  I mean, seriously, we are at the end of the COMEX delivery period; and despite every attempt to attack silver, roughly half the miniscule 60 million ounces of silver is spoken for (as if that matters, as the Cartel hasn’t allowed a single ounce of the hundreds of thousands demand this year to be delivered).  Geez, this doesn’t even qualify as an exchange anymore, it is getting so obvious.  Think about it, what are the odds that, on a week when massive physical demand threatens to destroy the Cartel’s silver naked shorting scheme entirely, that silver would be attacked at the exact moment the COMEX opened every day of the week?

New York Chart

Oh well, we’ll just have to sit tight with our holdings of real money – which care of record U.S. Mint and Royal Canadian Mint statistics are flying off the shelves at rates above last year’s records.  Moreover, I noted last week that Miles Franklin has seen surging demand all month; and given such an environment going into the year’s busiest period, the Cartel appears to be on or close to death’s door.  Heck, the Sprott Physical Silver Trust (PSLV) closed at a year-high premium of 3.0% – putting it dangerously close to levels where “Admiral Sprott” can launch a Cartel-killing offering, whilst Euro Gold is on the verge of breaking above the very, very key round level of €1,000 – as it completes a massive year-long reverse head-and shoulders pattern.

$GOLD Grah

Conclusion

Frankly, we cannot conceive a more cataclysmic set of circumstances for both the global economy in general, and the gold Cartel specifically.  Act now, before “traders” return from summer vacations next week or you may be locked out of the most important “protection trade” of all time!

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.

*http://blog.milesfranklin.com/cataclysmic-observations (Copyright © 2014)

If you liked this article then “Follow the munKNEE” & get each new post via

Related Article:

“Financial-tainment” Journalism: An Exposé

Many people have unwittingly bought into a highly addictive, sensationally-driven religion of doom-and-gloom where every day is a bad day, every war is a possible prelude to World War III, every market correction is a prelude to another financial crisis, every poor economic statistic is proof of a coming collapse. In theory, the above could all be true, and that’s why framing any event in such a fashion is so tantalizing. Welcome to the doom-and-gloom “financial-tainment” industry! Read More »

More Financial Entertainment

1. The Once Great U.S.A. Now Has the Profile of a Third World Country! Here’s Why

The U.S. already looks more and more like a Third World country. Read More »

2. A Financial Train Wreck IS Coming & That’s When All Hell Breaks Loose! Here’s Why

A financial train wreck is coming! When does it hit the wall? The answer to that question is it’s not very far down the road, and I can promise you that is when all hell is going to break loose. [Let me explain why that is the case.] Read More »

3. NO Amount of Money Printing Can Cleanse the Rot of the U.S. Economy

The U.S. economy is on life support, graciously provided by Central Planners but no amount of money printing can cleanse the rot of the U.S. economy. In this Markets at a Glance, we investigate the U.S. consumer and show that for a large portion of the population, things are not anywhere close to being better, in fact they are worse than before the recession. Read More »

4. How Much Time Before “The 7 Bubbles of America” Start to Burst?

History has shown us that all financial bubbles eventually burst. It is not a question of “if” they will burst. It is only a question of “when” and when the 7 current financial bubbles in America burst, the pain is going to be absolutely enormous. That being said, how much time do you believe that we have before these bubbles start to burst? Read More »

5. Resurgence of Subprime Auto Debt Spells T-R-O-U-B-L-E

During the credit crisis, one of the problems that occurred was that too many loans were being made to people that had no ability of paying their debt back. We see this trend in full stride once again in the auto industry. Subprime auto lending is back in a big way. Why is this happening? What are its repercussions? This article explains. Read More »

6. Only A Matter Of Time Before Eurozone Debt Crisis Re-erupts – Big time! Here’s Why

If you thought the Eurozone crisis was in the past, think again…It’s a near mathematical impossibility that its weakest members can grow their way out of their debt and if deflation takes hold—as it has already in Greece and Cyprus, and is close in Portugal, Spain, and Italy—all bets are off. Read More »

7. Harry Dent: Get Into Cash – Stock Market Will Crash to 5,500-6,000 By 2017!

You have to get out of stocks. Stocks have bubbled again and when they go down they’re going to go down hard. Read More »

8. World’s Stock Markets Are Saying “Let’s Get Ready to Tumble!”

To ignore all the compelling charts and data below would be irresponsible and, as such, will NOT go unnoticed by institutional investors. Such bearish barometers for stocks worldwide will, unfortunately, be ignored by the ignorant and gullible hoi pollo causing them severe financial loss as investor complacency in the past has nearly always led to a stock market crash. Read More »

9. Stock Market Bubble to “POP” and Cause Global Depression

In their infinite wisdom the Fed thinks they have rescued the economy by inflating asset prices and creating a so called “wealth affect”. In reality they have created the conditions for the next Great Depression and now it’s just a matter of time…[until] the forces of regression collapse this parabolic structure. When they do it will drag the global economy into the next depression. Let me explain further. Read More »

10. Gold Price to Plunge: The Inside Scoop

We will allow all of you here today, in the weeks running up to the seizure of the world’s gold, to put in place your trading strategies in anticipation of the ’Mother of All Insider Trades’. This will allow you and your organizations to profit beyond your wildest dreams when we ‘drop the hammer’ and reduce the price of gold to $20.67 USD. Read More »

11. The Case For $5,000 Silver – Yes, $5,000 Silver

If the price of silver were based directly on the real physical silver market, silver’s price should be at $5,000 an ounce. I’m not saying the price of silver will reach $5,000 an ounce; I’m just saying that the actual PHYSICAL silver spot price is not only extremely undervalued, but that it is an illusion compared to the real value of an ounce of physical silver, since it is totally disconnected from reality. [Let me explain further.] Read More »

12. Silver Is THE “Achilles Heel” Of the Entire Financial System

In my opinion the “final financial shot’ which leads to live financial fire (collapse) will be in either the gold or silver pits of the COMEX or, ultimately, both. Why? Because, at $20 per silver ounce, it would take only $1.2 billion to crack that market open like a watermelon; because, for a pittance of money in today’s world, “trust” in the entire financial system of the West can be shattered. Some will say “big deal” or “who cares?” but it is a big deal and YOU should care! Read More »

 

One comment

  1. One “trick” we may now see is that the Fed will start a new US$ campaign:

    Buy “US$ (aka War on Terror) Bonds” in order to protect the US$ from global attacks…