Gold and silver have been sold down pretty hard since April 18th. But the structure of the weekly Commitment of Traders report, which shows the long and short positions of the various trader classifications (banks, hedgers, hedge funds, other large investment funds, retail) had been flashing a short term sell signal for the last few weeks.
“But the most brilliant propagandist technique will yield no success unless one fundamental principle is borne in mind constantly and with unflagging attention. It must confine itself to a few points and repeat them over and over. Here, as so often in this world, persistence is the first and most important requirement for success.” – Adolf Hitler
From the war on cash to the surveillance state gone wild, what’s coming down the pike ought to scare the crap out people. Instead, the masses are fearful of exaggerated threats presented by the “Deep State” for mass social control.
In an interview with the World Gold Council’s “Gold Investor” publication, Greenspan fully endorses a return to the gold standard. Here’s the story:
TND Podcast Spotlight: #139
We at the Shadow of Truth are forecasting a better year for the metals in 2017 than in 2016. We invited Turd Ferguson on the show for lively two-part discussion of the factors that will drive the metals higher. Craig Hemke of TFMetalsReport.com joins Rory Hall and Dave Kranzler to assess the recent take-down and what is in store for the balance of 2017.
50% of gold’s move occurred on Monday, while the U.S. was closed in observance of MLK’s birthday and well before the Trump tweet. Mining stocks in Canada moved up sharply yesterday. This tells us that there are other factors behind the move in gold besides the expectation that the dollar is going to sell-off.
As Trump’s team is assembled and his plans are made more public, we face both good and bad developments. I will explain in more detail in subsequent interviews and articles. Click here for my Brexit 2.0 article discussed on this podcast; click here for the pre-election analysis I published on Facebook, where I nailed the election nearly right down to every state on the electoral map, correctly calling the Trump win, how the media was getting things wrong, and where the win would come from. Lot of good that did me! I still had my ass handed to me as my precious metals based trades went against me, Nov. 9th. I now understand what happened far better than 24 hours ago, when Rory, Dave and I recorded. I have addressed some of what happened in a Silver Doctors “SD Metals & Markets” show that will air on Friday, and Jason Burack and I will publish a Welcome To Dystopia show on Friday, where he and I will tie together all the moving dynamics we see in an effort to make sense of what comes next as the Trump Earthquake rolls on. Stay tuned – Eric Dubin, Managing Editor, The News Doctors.
In the absence of the extreme degree of price intervention being conducted by the western Central Banks and bullion banks in the paper gold and silver markets, the price of both precious metals would be several multiples higher. That this intervention occurs not only has become overtly visible to all market participants, but recent prosecution/settlement events have rendered this assertion indisputable.
For now the big accumulators of physical gold (China, Russia, India) are content with the current rigged market price of gold as long as the west can continue to make deliveries into these countries. But at some point the west’s “cupboard” will be bare and big buyers will see what the Comex really has in its vaults.
Regardless of who wins this POTUS election freak show, gold and silver are getting ready for another surprising move higher