Speaking of charts: A 100 or 50 year chart gives one a much clearer picture. Most ‘experts’ on the cartel owned channels we see ad nausea are most selective in being most selective.

In recent years, gold bottomed at $412 in 2005, $712 in 2008, $1504 in 2012 and last at $1200 in July. The bottom here is Odd indeed since, so far this year there is a 71% reduction in deliverable gold at the deliverable gold in the Comex and more than 60 claims for each ounce of that gold. Cash settlement (default) is nearby, as gold will not be available. ABM Amro bank default has been conveniently ‘overlooked’ on most channels.

All previous gold market bulls have ended when the gold ratio to the monetary base reached about 5 (last in 1980). We are now at 0.4, far, far from that ratio.

Derivatives were non-existent historically. Today we have bets of over $1 Quadrillion against a $9 trillion gold total production since day one over 5000 years ago... of only $9 Trillion total… with western central banks that are suppressing gold having at best guess, maybe $1 trillion held … probably much less and probably in massive deficit when one realizes a 100 to 1 leverage.

Germany cannot get it’s gold back and since it requested it in early 2013 gold has gone from $1550 to $1224, odd again, … and much of the private Swiss gold is conveniently stored in vaults in London and Canada. It’s probably long gone to the East with the power it represents.

The $US purchasing power as measured by gold is down to 5% over the last 100 years. Meanwhile, gold production in the east has risen to almost 900 tons/yr and is not sold to the West. Gold production in the West is down to 1600 tons/yr. and much/most (and paper multiples more) is sold to the East.

The Dow Jones to gold ratio is about 9 to one here after peaking at 42 to one in 2000 (when gold was $250)… and now back on it’s way to 1 … which means gold is going very, very, high or the DOW is going very, very low. .. or you pick the price at the inevitable one to one ratio. This peaked three times since 1900, at 18.4 in the late 1920’s (then to 1.5 in 1933), 27.7 in the mid sixties (then down to 1.3 in 1980 with gold at 800) and 42 in 2000 (now on its way down to one in ?).

One final note is that gold and silver are rising with the rising debt of the U.S.

These are just a few charts on gold over a reasonable period of time.