Tuesday 7 January 2014

Ambushed. Bushwhacked.....................from Rico

After Monday's failed "ambush" of the precious metals where 12,000 paper gold contracts were dumped in 60 seconds to drive the price down, only to be overcome by buying pressure I marked my calendar to 'expect' a raid by the wise guys again today
- They did not disappoint.

It seems the Cartel led by the Central Bank is digging in to defend a paper spot price of $1250 in Gold ad $20 in Silver.
- But it's much more than that.

The Fed is desperate to 'keep a lid' on precious metal prices to make the public believe that everything is just swell with America and the Dollar.
- It is not, and things are far from OK.

The underlying currency war sees America's favorite Private-for profit Central Banker (aka the Fed) throwing gold bricks at China, with the response being stacks of greenbacks hurled back.
- Gee, I 'wonder' who's going to wn this one?


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