So where are we? (written before PLAN C)…

*We are watching history in the making in terms of the effort being made by the establishment going after a couple of markets. It is beyond blatant what is going on and why and yet very few outside of the GATA camp are willing to explain the truth.

*This effort has been a calculated one since the first week of October. Their "game plan" was to set up just what they did and get the effect they have gotten out of it … to do what they could to take gold and silver off the radar screen of the general public.

*Why would anyone bother to sell the amount of gold they did past few days to bury a market? How desperate are they? It must be that bad behind the scenes.

*The Gold Cartel has not done what they have done to retreat all of a sudden. Remember they have NO SOLUTIONS, except this one. This is all the money and the power in the world taking on the gold and silver markets to make a point.

*Gold and silver JUST broke down the end of last week. These financial market terrorists are the same type of people that set off the bombs at The Boston Marathon. They are heinous and a bunch of thugs.

*Why should silver collapse with gold with the DOW doing what it has? Course we know why, as covered ad nauseam in this column. The Gold Cartel is petrified of gold and need silver to collapse to deter the investment world from recognizing what the criminals are doing. As my smeller told me some time ago, JP Morgan was going to do an Al-Qaeda to the silver market in order to cover what they can of their massive short position.

*There is no rule of law in the gold and silver markets. The CFTC is a disgrace and ought to be disbanded. They are no better than the cops who get paid off by The Mafia.

*Market fundamatantals mean NOTHING at the moment. This is all about AN AGENDA!

*Andrew Maguire is one of a kind. A stand up guy if there ever was one. He deals in the physical market. He knows what is going on. If he believes this move was orchestrated down to avoid some defaults, I go with him. That said, IMO there will never be a default until the physical market is able to counter The Gold Cartel/JPM and the PM prices SURGE, especially in silver. There has never been a commodity default in history UNLESS prices soar. This will be no different. The Gold Cartel has not done what they have to allow a default in the immediate future. Talk about embarrasment. As per Andrew, this is WHY they have done what they have done. That said number two, we are VERY likely to get a default in the silver market down the road, which means a failure to deliver. JPM and the bad guys have won this battle, but they will be crushed in the end and lose THE GOLD WAR.

*There is too much damage for gold and silver to do anything on the upside until they both have enough time to heal.

*That said number three, our STALKER source is now fully back in counts a lot in my book. It tells me we will end this orchestrated nightmare sooner rather than later ... and not take as long as the charts suggest.

*Once The Gold Cartel and the hideous JP Morgan have done their thing, the prices of gold, silver and the shares will commence a move of epic proportions to the upside. It may be the most historic move of all time, at least as far as the shares are concerned.

*When could that be? All we can do is monitor the situation and watch for a change in the patterns. That said number four, I am with Peter G.