Another “Conspiracy Theory” Becomes Conspiracy Fact: Gaddafi’s Gold
Obviously, there’s A LOT to talk about today and we’ll try to cover as much as we can. We’ll begin instead, though, with another one of those pesky “conspiracy theories” that just became conspiracy fact.
Is the world turning upside down in 2016 or what? Just yesterday we discussed how, earlier this week, Fed Goon Fisher openly admitted that Fed policy was designed to goose the equity market in a desperate attempt to create the “wealth effect”. Just another “conspiracy theory” being exposed as FACT. http://news.goldseek.com/GoldSeek/1452112241.php
And now today we have this…Back on New Year’s Eve, there was a dump of over 3,000 unclassified emails from your next POTUS, Hillary Clinton. Most of these were garbage and BS but you might want to take a close look at this one: https://www.foia.state.gov/searchapp/DOCUMENTS/HRCEmail_DecWebClearedMeta/31-C1/DOC_0C05779612/C05779612.pdf
Here’s the critical excerpt:
“On April 2, 2011 sources with access to advisors to Salt al-Islam Qaddafi stated in strictest confidence that while the freezing of Libya’s foreign bank accounts presents Muammar Qaddafi with serious challenges, his ability to equip and maintain his armed forces and intelligence services remains intact. According to sensitive information available to this these individuals, Qaddafi’s government holds 143 tons of gold, and a similar amount in silver. During late March, 2011 these stocks were moved to SABHA (south west in the direction of the Libyan border with Niger and Chad); taken from the vaults of the Libyan Central Bank in Tripoli.
This gold was accumulated prior to the current rebellion and was intended to be used to establish a pan-African currency based on the Libyan golden Dinar. This plan was designed to provide the Francophone African Countries with an alternative to the French.franc (CFA).
(Source Comment: According to knowledgeable individuals this quantity of gold and silver is valued at more than $7 billion. French intelligence officers discovered this plan shortly after the current rebellion began, and this was one of the factors that influenced President Nicolas Sarkozy’s decision to commit France to the attack on Libya.”
Well, there you have it. What we’ve all long-suspected. And straight from the US Secretary of State and her most trusted advisor, Sid Blumenthal. You can read more about this at the source link here: http://www.foreignpolicyjournal.com/2016/01/06/new-hillary-emails-reveal-true-motive-for-libya-intervention/
So, now that you know all of this, are you surprised…or does it even matter to you…that, as I type, the stock market has rallied over 200 points from its opening lows while gold has been beaten back from its highs? It’s all just a huge sham and fraud. ALL OF IT. Your “markets”, your politics, your patriotic wars and “responsibility to protect” doctrines. It’s all garbage. Designed and maintained by your political and financial elite.
I wish I had the answer for you. I wish I could give you some good news about how this will all be OK in the end. I wish I could trust the The Good Guys always win and The Bad Guys always lose. But I can’t. And it wouldn’t matter anyway. All that matters is that you, personally, understand all of this and that you, personally, are taking all necessary actions to shelter/insulate yourself and your family from these criminals.
Look, it’s OK if you own stocks. It’s OK if you keep money in fiat cash. You have to take all prudent steps that you deem necessary. What’s not OK is that you bury your head in the sand after reading “analysis” pimped to you by defenders and participants of the current system. Nothing is free and nothing is fair. Understand this and you have a chance to come out the other side. Blindly believe the nonsense like the rest of The Sheep and you will be slaughtered.
Regarding the “markets” today…We have a near total calamity on our hands. Overnight, China devalued the yuan by nearly 0.5%, the most since late August, and this sent their stock market reeling again. It only traded for about a half an hour before closing for the day down 7%. And we’re seeing again a HUGE move by China to sell US treasuries in order to raise cash to support the yuan. (Crazy, isn’t it?). Just as in August, I suggest to you again that this may be all by design. “Analysts” have claimed for years that the Chicoms “can’t sell their treasuries without disrupting the market and causing huge foreign reserve losses”. Oh really? They similarly dumped $100B of treasuries in August and rates barely budged. They’re dumping again now and rates aren’t moving.
So, if you want to dump your US dollar reserves held in treasuries without “disrupting the market”, just create enough volatility and fear that there are plenty of bids for what you’re trying to sell. It worked in August and it’s working now. And why would China be in such a hurry to dump their US dollar holdings??? I don’t think I need to waste time typing that answer for you…
As I type, gold is back up to $1104. Gee, who was it that always says that tha area around 1104-1105 is stout resistance/support? Hmmm. That guy with the funny hat that no one takes seriously or invites to their conferences. And where might we expect gold to stall (at least temporarily)? Well, that’s pretty easy…
Once gold successfully trades through $1105, you can be 100% certain that the 100-day moving average will provide stout resistance. We noted this pattern all through 2015 and it will almost certainly happen again. In fact, the last time the global markets went through all of this back in August, gold was…ahem…stopped right at the 100-day MA. Wow. Imagine that!
And silver is still battling $14 but finally having some success…even in the face of $2 copper. Once it finally draws clear of $14.15, the next stopping point is $14.40 and the 50-day MA currently at 14.36.
Speaking of copper…and crude…both are bouncing a bit and that may help us reach the levels laid out above. Copper actually saw a new low below $2 earlier but it has bounce to $2.04. Crude fell all the way to $32.10 but, as I type, it’s back to $34. So, let’s see what the rest of the day brings. Maybe we’ll still get $1111 gold and $14.40 silver.
And the tomorrow brings the BLSBS. Already there are some hints of “postponed rate hikes” and maybe even possible easing. A lousy BLSBS tomorrow could be just what the stock market needs and that would certainly help drive the metals even higher…maybe even through $1111 and $14.40! But let’s not get too far ahead. We’ve got the rest of the day to be concerned with and we’re left to wonder how long, if at all, the Chicom market will even be open tonight. Craziness!
Hang in there. Keep the faith. Remain diligent and situationally aware at all times. And most importantly, with all of the darkness in the world, try to be a force for good.
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Craig Hemke (aka Turd Ferguson) is a former stockbroker, mutual fund wholesaler and commodities options trader with over 25 years of experience. He jumped off the corporate ladder in 2008 and now is the proprietor of the popular website TFMetalsReport.com as well as the author of a subscription service hosted at the same website. Click here to learn more about his exclusive reports.