Saturday 23 June 2012

HUGE things ahead!................from Rico

OK, I have often railed about, and against, the blatant and rampant price suppression/manipulation of precious metals (bullion) so I won't go into the litany of the usual suspects again here.
- I will say that while Central Banks continue to surreptitiously try and manipulate the Gold market to support sovereign bonds and the Dollar, while also keeping interest rates low (mattress-level low), that in the end one's only hope of salvation is to own physical bullion.

The attached .jpeg reminds me of the old paratrooper's expression "Ready. Steady. Go!" and I lifted it from www.silverbearcafe.com. They have an article posted today which suggests 'something really BIG is going to happen' with Gold and Silver. I agree, and think it will be HUGE.
- I can add nothing to the article except the following tidbit: There is a HUGE "naked short" position in Gold. About 75-80% of the Gold the world "thinks" it owns DOES NOT EXIST and is merely a paper claim on a bullion bank that is underwritten by the Central Banks. Take away? If an investor owns "paper Gold" and keeps it within the banking system....well, he will be "Corzined" at some point. If the Muppets ever figure this out, the implications and results for physical Gold will be HUGE.

Between the article on Johnny Silver Bear's website (infra) and this "naked short" situation, the recent violence in the metals markets are understandable as symptoms (more akin to death throes) that precede an even more violent future reaction in both the yellow and white metals.
- A HUGE move to the upside.

Meanwhile, in the land of sanity, another expression holds true: "Be right. Sit tight." Jessie Livermore (this is a much shorter way of citing Kipling's "If" but they both mean the exact same thing).

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