Saturday 11 May 2013
The realistic general consensus is that the spot prices for gold and
silver are no longer relevant. Yet, what remains the one price on
which focus has intensified for each? There simply is no other
alternative, at present. A distinction is made concerning the
purchases by China, Russia, India, et al, paying a larger premium
over spot gold, prior to the sell-off, and prices paid by those
purchasing single ounce coins or even kilo bars, "the people," as
Purchases made by the tonne, from the countries mentioned, are
not reported in a way that can be measured, and in fact, those
purchases are not publicly reported. While the reports of
unprecedented demand for both gold and silver on a world-wide
basis in response to the attack on longs, last month, continues, we
think the New World Order, [NWO], and its vast infrastructure, IMF,
UN, Basel, central bankers, all governments in the West under its
control, is not overly concerned about the man-on-the-street
The next chapter has yet to be written. One thing is likely to be
certain, it will get uglier. Think of the people of Cyprus and how
they are suffering at the hands of unelected, non-
representative outsiders, the NWO executioners imposing austerity
restrictions to pay for the sins of the bankers.
It used to be the "Golden Rule" was, He who has the gold rules.
That has been replaced with, He who controls the purse strings
dictates. The shocking reality of the latter will become more
prevalent, one country at a time. Central bankers will default and
make it appear the fault of the paper holders. What are you going
to do about it?!, will be their attitude. All the central bankers are
doing, under the protection of governments, is stalling for time as
they get their end-game in place. What is that end-game?
Securing their stranglehold on power over the failing Western
countries so that they remain in power.
The golden Ponzi scheme may be unraveling, but do not expect
China, Russia, India and other countries to put immediate pressure
on the central bankers. They are far more cunning and patient as
they smell blood, and they know that in the end, they will extract
far more from the failing power of the West. The BRICS countries
are building their own trade relations, cutting out the fiat Federal
Reserve Note as a world reserve currency. So let the central
bankers manipulate the price of gold and silver as much as they
want, for as long as they want. It will simply make it more
rewarding for the newly rising Eastern powers when the fraud's final
chapter is written.
We see this as a Cliff Note version that the general public fails to
consider and instead, expects a demise of the COMEX and LME as
the catapulting catalyst for substantially higher gold and silver
prices. Based upon these questionable expectations, the public will
not be prepared for what could take a few more years to develop,
and the potential for yet much lower prices for both gold and silver.
This certainly is not a blueprint of the future, but a conjecture of
what could happen, in one form or another. In the end, no one
knows how this will turn out, other than a strong belief that it will
get worse before it gets better.
Gold and silver can become illegal to use in public trade or barter.
Anyone caught could be branded as a "financial terrorist" as
governments continue to crack down on any form of opposition to
their fiat enslaving control. Anyone "caught" with more than "x"
ounces of gold or silver will have to prove it was legally purchased
or risk confiscation. War, on a wider scale, cannot be ruled out as
a "diversion" often used by the NWO ilk. No one knows.
For all the short-comings of the paper prices reported by the COMEX and what resulting charts, are saying, they will be used until
something better comes along. Regardless of what the charts
show, one should continue to buy physical gold and silver, [and
personally hold it], on a regular basis. Fiat currencies will continue
to be debased by governments. A failing fiat and falling gold and
silver prices cannot continue indefinitely, and the fiat will be the
ultimate loser. Those who continue to hold paper anything, may
be subject to near total loss.
Inflation is already guaranteeing losses with the fiat FRN losing 35%
just on the past decade. Then there is the consideration of being
"Cyprused" in your bank accounts, stock accounts, futures
accounts, [MF Global], and pensions. Gold and silver remain the
There is nothing conclusive for initiating a position in the futures in
either direction. We stated previously that the wide range bar of
15 April is likely to contain price activity for some time, now into the third week. Price is holding the support channel line, but rally
attempts have not been strong. It does not mean price cannot go
higher, next week, but there is no new demand that says to be a
buyer in futures.
Friday's close on the daily was under the last 10 days of buying
effort. No reason to buy. We would like to see a failed rally above
1500 to be a seller.
How price responds around a support or resistance is an important
market clue. Right now, silver cannot rally higher and away from a
support area, and that suggests support may not hold.
The daily chart does little to clarify direction, although one has to
keep in mind that sellers are still in control. The clustering of closes sends a mixed message, as noted on the chart.
The clearest scenario is the ongoing purchase and accumulation of
physical gold and silver as a store of value against an increasingly