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Tangled Web Suppresses Gold & Silver

The famous quote, "Oh, what a tangled web we weave when we practice to deceive" often attributed to Shakespeare, was written by Sir Walter Scott. The expression found in his 1806 literary work, Marmion: A Tale of Flodden Field, centers on the love story of two English nobles Clara and De Wilton, and Marmion, who planned to destroy their love to acquire their land.

This epic poem is about the Battle of Flodden Field (1513), a conflict between the Kingdom of England and the Kingdom of Scotland. It was an English victory and the largest battle ever fought between the two kingdoms. At the conclusion of the poem, Marmion dies on the battlefield, while De Wilton displays heroism, regains his honor, retrieves his lands, and marries Clara.

The above chart displays the ongoing twisted and tangled effects of an epic battle that is in a league of its own, the age-old battle between statist central bankers, Wall Street, politician's, and the ruling class vs. the global proletariat.

Interwoven on this chart are the data points for five markets, which span from 1995 to present. Listed on the right axis are today's prices for each market. From the highest nominal value to the lowest, the chart displays:

The global working-class hopes that in the end, like De Wilton and Clara, they too shall display heroism, regain their honor, retrieve their freedom, and retain for themselves the fruits of their hard-earned labor.

Despite the blatant failures and attendant frailty of the Marmion-like ruling class, a working-class victory is a long way off as statists continue to weave and impose their cunning dictates without shame, while the spellbound proletariat remains mostly dazzled or stunned by bread and circus.

For the balance of this article including an update on the silver price, please visit Elliott Wave Technology.