Sudden drop in the dollar, sudden rise in gold. What’s the difference?
Seems Clement and Greenspan could be at loggerheads here.
As far as gold is concerned, it is a currency. Who out there in the investment world could possibly think gold is not discussed at length behind closed doors by the very same people? They are petrified gold could spiral upward in an out of control nature. They know the alarm bells this would sound in the financial market community and among the dumb-downed financial market press. To grasp current central banker mentality you only need to review what John Brimelow brought to our attention on Wednesday re: former Fed Chairman Paul Volker’s memoirs:
"…..Joint intervention in gold sales to prevent a steep rise in the price of gold, however, was not undertaken. That was a mistake.
"Through March, the price of gold rose rapidly, and that knocked the psychological props out from under the dollar."
It is a mistake Greenspan and the rest of The Gold Cartel are going to prevent from happening again at almost at all costs. Have prevented would be the more appropriate way to describe it as the management of the gold price rise has been going on for years. This is the reason for the $6 Rule, etc.
What is so loathsome is how the central banks and Gold Cartel lie about what they have been up to regarding bullion. Worse is the silence of the mentally challenged in the gold industry who give them a pass on their nefarious activities.
That is the bummer side of today’s MIDAS. Now for the good stuff. For every action there is an equal and opposite reaction. The chickens are coming home to roost. The Gold Cartel has cooked its own goose by deceiving the public for so long – most likely a decade now. The bad guys are running out of available physical gold to continue their scam. They are running out of ammo and options to keep the gold price from exploding at some point down the road – like in the months to come.
By continually keeping gold from doing what it wants to do, The Gold Cartel has allowed demand to soar while they are dumping CHEAP GOLD to manipulate the price. The Indians, Chinese, Russians, Arabs, etc., are all over it. They are not blind. They have seen the handwriting on the wall for some time as far as the dollar is concerned. They keep loading their boats as do the big smart money hedge funds.
As a result of the price suppression scheme, the cash market remains firm as the price rises. Thus when the bad guys try to knock out the specs in one of their patented attacks, it is met with a new wall of buying. This has been going on for months, as you well know because MIDAS keeps bringing it to your attention, over and over again. The cabal’s old ways of doing business are just not working anymore.
