Dear Extended Family,

Well here we go again. The Wave of Fear is breaking but one more and unnecessary time.

The Gold banks do everything possible to hammer gold on even a hint of an intraday dollar rally. Under $1000 she goes and off goes the community into deep depression.

You need to understand you did nothing to put it above $1000. Most of the community are observers only, but make sure you understand what you are observing. What you are seeing are huge cash buyers making deals in and independent of the cash market while huge short selling is attempting to hold an imaginary line between $1005 and $1010.

It is a battle between the Titans at this time which is remarkable and to be admired. There is a government put sitting below $1000 that will act. In fact it has been acting for a very long time.

Not that long ago China had no to very little gold and the next day they are a player amongst gold holding central banks.

Relax.

Gold is going to $1225, $1650 and then on to Alf’s numbers. The shorts will do everything possible to prevent that but they will not be able to. Keep in mind please that Armstrong is totally correct.

When CONFIDENCE in a currency collapses it does so in days. This is going to be a very cold winter for the US dollar. That you can take to a solid bank if you can find one.

Regards,
Jim