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We all can have the different views on Anonymous, but timing of all recent events is pointing out to the very serious financial situation underlying the so apparent manipulation in the Gold market these days. If it takes Years for Germany to bring its Gold back - how much Gold Is There If Any Left?
And here we go with another twist to the Friday's Gold Wash Out Special Op - ZeroHedge reports on another direct currency swap line established by China with France. This is just getting more serious day by day - US Dollar is under threat as the Reserve Currency of Choice, which is No More Wanted. The question is: will other Central banks join the FED in order to Kill the Confidence in Gold to protect the US Dollar Status now?Matrix Strikes Back - Gold Wash Out, Goldman Advises To Sell - China Buys Physical Gold By Tons.
"Our first observation will be that US Dollar has not participated in the Friday Gold Death party - it is still Rolling Over into the Double Top Reversal. This kind of well orchestrated and coordinated action makes us to think hard: what kind of major monetary event really is coming on?"
Will Gold Use This Excuse To Build The Reversal Now? Charles Nenner Calls For Gold To Bottom In April.
"We will throw two significant events about the timing and background for our observations here: announcement of the Direct Currency Trade between China and Australia and Charles Nenner's call on Gold bottoming in April.
Now all situation around North Korea can be interpreted with quite an interesting twist. Just before Iraq liberation that country has decided to trade Oil in Euros. Now China will trade with Australia Directly converting Yuan into Australian Dollars and it is one of the largest Commodity markets. Add here to the picture the similar agreements with Brazil, Russia and other countries and you have if not Gold backed Yuan yet, but definitely new chapter for the Reserve Currency of Choice - US Dollar."
ZeroHedge:China Takes Another Stab At The Dollar, Launches Currency Swap Line With France
"One more domino in the dollar reserve supremacy regime falls. Following the announcement two weeks ago that "Australia And China will Enable Direct Currency Convertibility", which in turn was the culmination of two years of Yuan internationalization efforts as summarized by the following: "World's Second (China) And Third Largest (Japan) Economies To Bypass Dollar, Engage In Direct Currency Trade", "China, Russia Drop Dollar In Bilateral Trade", "China And Iran To Bypass Dollar, Plan Oil Barter System", "India and Japan sign new $15bn currency swap agreement", "Iran, Russia Replace Dollar With Rial, Ruble in Trade, Fars Says", "India Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees", and "The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap", China has now launched yet another feeler to see what the apetite toward its currency is, this time in the heart of the Eurozone: Paris. According to China Daily, as reported by Reuters, "France intends to set up a currency swap line with China to make Paris a major offshore yuan trading hub in Europe, competing against London." As a reminder the BOE and the PBOC announced a currency swap line back in February, in effect linking up the CNY to the GBP. Now it is the EUR's turn."Sci-Fi Movie Script: "Federal Reserve - Keeping The Strong US Dollar Policy From 1913 - Established To Serve and Protect" GS, JPM, BAK, C, HBC
Sci-Fi Movie Script.
In-House Working Title: "Keeping the Faith In the US Dollar"
Suggested Change: "Finding the Faith In the US Dollar"