Glass half full?
posted on
May 09, 2009 11:31AM
(Edit this Message from the "Fast Facts" Section)
Well, the good news is that despite the relentless capping and takedown of the PMs for weeks now, the bad guys are being faced with determined global buying which is really putting a dent in those relentless efforts. One can only imagine the paper cost plus interest, compounding and accruing on that company store account for the US taxpayer, thanks to the gold Cartel. Bailing out the stock markets, banks, bonds and Fanny Mae on top of it all must be driving the boys nuts by now, one would think. Billions have boringly morphed into Trillions. Years of propping up the jobs stats with continuous previous month revisions and creative birth/death numbers hasn’t seemingly phased the Fed., Treasury, Admin., talking heads, politicians or Wall St one little bit as they ride gloriously, deep into the valley of debt. The multi-year campaign of waterfall lying and mark to fantasy valuations has numbed down the populous who now begin to believe that the recession is over and the next bull market has begun. Don’t bother with the details, there are far too many to comprehend. The truth is hard to find and would now only lead to mass confusion anyway. The time worn adage of lie, lie and deny with a bigger lie is working so far. Himmler’s ghost must be quite content these days.
So we are left to muse this Saturday morning about what the future portends, disregarding the potential for a Yellowstone blow out that would fatally solve all problems for mankind. I for one, would settle for a yellow metal blow-out. We know it is “just around the corner”, the same but ever more proximal corner it has been around since long before the price turned around in 2002, guarded by a continual series of illusionary barricades such as COMEX, CFTC, SEC, “regulators”, Fed., Treasury and others manned by liars and thieves. We gold bugs are so weary, but undaunted. The yellow brick road we have been doggedly trudging down has been strewn with mines and booby traps all along the way. Many have fallen but those left have been rewarded four-fold over the last 7 years. Of course, that is a secret and a threat to the homeland. Thus the wretched, truth seeking bugs, emboldened by accomplishment, know the future is bright indeed as it glows through the waves of noxious myths blasted from the nostrils of paper dragons that can’t handle the truth. In essence, the deviants are slowly being defeated by a process similar to water torture, drip by drip. In nature, the process of erosion always wins. Water boarding just doesn’t cut it.
How much longer we (some of us?) ask, before our undervalued PM stocks erupt? Well, we know that a major, undeniable milestone has just been reached with the Chinese endorsement of and accumulation of gold, not to mention the recent and growing fundamental global demand for both gold and silver. Even the central banks are done selling with many now buying. Those western forces that have been and continue to exhaustively suppress gold/silver are now backed into a corner after finally depleting their real and imaginary, leveraged resources. These paper dragons are now facing the real thing. Rear guard action has begun as veiled retreats quicken behind a blistering firestorm of lies. When will they succumb?
Excerpts form LeMetropole Café:
“The rigging of the prices of gold and silver have gone beyond joke/farce status. As a former commodities maxiumum limit trader in another life, what strikes me is this sudden volatility at this moment in the way gold is trading.
Traditional technical analysis states that such violent movements up and down, and a change of the norm, suggests a change of the trend (in this case the manipulation trend) ... meaning we are right at an inflexion point for gold to move much higher, because the cretins don't have enough physical gold in the short term to meet SURGING demand for physical. This is going to force the cabal to retreat to a MUCH higher price level. MUCH! I POSIT that this volatility of UP and DOWN ... VIOLENT price movements ... is an indication that these pitiful bums are working on fumes, and THE BUYERS KNOW IT! Good for them!
Gold and silver are going to explode in the VERY near future.”