Today
posted on
Jul 06, 2009 11:46PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
I think it is obvious what the cabal is doing….Read Norcini in Sinclair – about the black box mindlessness of hedge funds and we know what the cabal is fishing for….Tying this together and knowing that this madness is institutionalized by the US centric system I have to come to the conclusion that gold and silver will likely do little as safe-havens without the paper asset system collapsing totally…Looking at that chart, http://quotes.ino.com/chart/?s=FOREX_XAGUSDO&v=d12 I see no sanity whatsoever and if Sinclair is right and we have some 120 days left before the onset of hyperinflation,,,,it is utterly unbelievable that we can look at even a paper gold/silver price chart and see one that looks like this! COMEX and the LBMA MUST DIE before there is any change….And we probably won’t like the change when it arrives. And that begs the question of what really IS a safe-haven against corruption of this magnitude?
Couldn't paste the chart but this morning they managed to get silver to fall thru the lower channel trend line....Hoping the black box selling would kick in.... More questions: When prices collapse due to fear of counterparty risk is THAT a way to price a commodity? And what about when it gets worse? Why isn't the debt default of California spiking the metals? Why isn't there a rush out of treasuries???!!!! Why didn't the USD react....Why sell off gold and silver when the State of California goes under????All this JUST about California!!!!! I'm with Norcini!
If there is no sanity governing these price movements, then the institutions must fail and there must be something better put in place to put some order into the system. I think there is every chance that this will be resisted and that means collapse and chaos. Put Another way (sic): when the metals blow, nobody who has an ounce of brains will want any paper money at all for their gold and silver....!
Maybe stupidity should be a crime! Gold should already be over $2000 per ounce! Silver: pick a number....