First, let’s look at the improved fundamentals. Gold bugs will exasperatingly proclaim that fundamentals have been great for the past four years yet the price plunged anyway, so who cares about fundamentals? To this I would respond with two observations. First, large institutional investors and sovereign wealth funds have been anticipating a rate hike cycle for a very long time now. They didn’t know when, but they expected it. The fact that the gold bugs never believed this is irrelevant; what matters is that big money believed it, and it was perceived to be very gold negative. In their minds, this anticipated rate hike cycle would confirm that things were getting back to normal, and if things are normal you don’t need to own gold, right?
The problem is that this assumption is quickly being called into question. Sure the Fed hiked rates once, but it is starting to look more and more like a policy error. Meanwhile, other major central banks around the world are going in the opposite direction, toward negative rates. I am a huge believer in market psychology, and the psychology dominating the minds of most institutional investors over the past few years has been that things were slowly getting back to normal…
Read the rest here.
Yes, its true. Precious metals manipulation has taken place, but the REAL REASON may not be fully understood by either gold and silver investors or their critics: (more…)
*Update: Silver has now dropped OVER $1 to a $14 handle
Gold and silver have just been treated to a COMEX open Smack Down on large volume, as silver has been smashed over .60 nearly to $15, and gold has been taken down to $1154 as someone just dumped over $1 billion into the market open…
Silver sent down the proverbial mine shaft and nearing a $14 handle:
Click here for more on today’s MASSIVE gold and silver Smash:
The Curious Case Of Edmund C. Moy
Former US Mint director Ed Moy has made numerous false and self-contradictory statements regarding the gold at Fort Knox – a facility managed by the US Mint.
Click here for more on Former US Mint Director Edmund Moy’s False & Self-Contradictory Statements on the US Gold Reserves at Fort Knox:
In his latest radio interview, Golden Jackass Jim Willie discusses:
–The Bankers are dying; what’s going on in London?
-Lot’s of thefts and lot’s of wars, and it’s all about gold
–The real story behind the Cypress bail ins
-America no longer has any gold so we need to steal it
–Fate of The Vatican’s Gigantic Hoard of Gold
-Why the U.S. doesn’t want the reset to happen
Click here for Willie’s full interview on why Gold is About to Run the Game: