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Another Monday passed,
another financial market "LOCKDOWN" in front of a blizzard of
"events," which I say in quotes because they will ALL be
exacerbated dramatically by simultaneous, premeditated Cartel/QE/PPT/ESF
manipulation to produce the desired psychological effect. Not that I am
sure they will be successful in such efforts, particularly in the
silver market which could do ANYTHING as Eric Sprott seeks to source ten
million PHYSICAL ounces, but you can be sure PERCEPTION management, or as Jim
Sinclair would call it, "MOPE," will be front and center, to be
discussed below.
Let start with today's (Monday's) PM
market, where the Cartel was determined to invoke one of its cardinal rules,
to NEVER allow gold, silver, and the mining shares to perform well
simultaneously. Actually, scratch that, as the shares now appear unable
to EVER perform well. You can bet that any time a minor negative piece
of news comes out, such as mild dilution from Pan American's proposed
acquisition of Minefinders, and the Cartel will be there to double up the
decline to make it look much worse. That is why KGC, NEM, and HL were obliterated
in the past two weeks, and why PAAS was slaughtered 12% today.
Back to the aforementioned Cartel rule,
silver had a big up Friday, and thus was not allowed to strongly rise
today. Conversely, gold was held Friday to modest gains while silver
soared more than 5%, so naturally silver was suppressed today while gold was
strong. No matter that it had a major breakout Friday, or that copper
and oil soared despite a flat stock market. Gold, as always, was
held to its typical grinding, CAPPED gains - with each tick challenged -
while silver was smashed down each time it attempted a sharp rally (yet still
rose $0.15/oz).
As you can see below, gold was higher
all night, until EXACTLY the COMEX open at 8:20 AM EST, and when it had the
gall to attempt a post COMEX open rally, it was stopped cold for the day at -
yep, you guessed it - EXACTLY 12:00 PM EST, the "cap of last
resort."
Notice below how yet again a
sharp decline was stopped cold by the PPT, not coincidentally at EXACTLY
12:00 PM EST despite not a shred of material news (unless you consider
endless Greek negotiation rumors to be "news").
EURUSD
Sliding On Anti-Rumor From Europe - Headlines "No More Money To Greece
From Eurozone, IMF" - Zero Hedge
After 12:00, the Dow was walked higher
for the rest of the day, so the "Dow / Gold x 2" algorithm in place
all morning was shut off, so that gold couldn't it recover its losses like
the Dow. I've seen this tactic literally DOZENS of times over the
years, particularly since GOVERNMENT ALGORITHMS took over the PM sector after
"D-DAY," November 9th, 2010. I'm literally in
SHOCK that the PPT allowed the Dow to fall a whopping eleven points today,
but no matter, the S&P was marginally UP.
In a nutshell, TPTB have taken over ALL
financial markets, causing "complacency risk" to soar. I'm
still incredulous as to how ANYONE can be complacent in light of the global financial
collapse unfolding before our eyes, but when I see messages from people
believing themselves to be "financially savvy" such as David
Schectman's alter ego, "Backwoods Jack," I understand. Every
time "BJ" opens his mouth on matters financial, he spouts the
drivel of the masses, but what is expected of someone whose hobby is shooting
squirrels?
Guest Post:
Complacency Risk Is High
When "Jack" watches CNBC and
Fox for self-validating PROPAGANDA, he is not shown the FACTS of the economy,
let alone what he'd see by simply observing his surroundings. You know,
inflation, unemployment, bailouts, welfare spending, exploding debt and
deficits, and the inexorable decline of homes in his - and every American -
neighborhood. But why care about the TRUTH when you can embrace LIES,
which are so much easier to accept.
In a largely commoditized business,
Miles Franklin stands out via its commitment to customer service, including
client education to ensure they are informed of all factors
affecting Precious Metals investments. David Schectman, Andy Schectman,
and the Miles Franklin team believe strongly in the service we provide,
including refutation of the relentless forces of ignorance.
Charting The US (Un)Recovery -
Zero Hedge
I take pride in spending time sourcing
esoteric movie clips to emphasize points, but this one is so easy, I feel embarrassed
posting it. That said, "Jack" is wealthy enough to live
comfortably, and thus can "handle the truth" more than most, which
in turn could be used to help others to PROTECT THEMSELVES from the dangers
closing in on them. I despise people like this, demonstrating
the core selfishness of HUMAN NATURE that has brought America - and other
parts of the supposedly "civilized world" - to the edge of ruin.
You can't
handle the truth! (Jack Nicholson)
My job is to separate PROPAGANDA from
REALITY, and shame on well-educated people like Backwoods Jack for
perpetuating the world with ignorance, adding nothing to society whilst
subtracting the same elements of character that made America great. To
the contrary, not only is Tim Thomas of the Boston Bruins a world class
goalie and Stanley Cup champion, but contributes to society by standing
against the shrill babble of the ignorant masses, such as Backwoods Jack.
Boston
Bruins Goaltender Releases Statement Explaining Absence From Obama Meeting
Of course, "BJ" is far from
the worst society has to offer, as such ignorance is
a dime a dozen in 21st Century America. Per the article
below, you'd probably think I was citing Jonathan Lebed of the NIA as the
worst offender, an arguably justified label given that he and NIA President
Gerard Adams have forsaken the NIA credo of PROTECTING PEOPLE to pursue
illicit profits as penny stock promoters. I cannot believe such
apparently well-intentioned people, who have published some of the best
economic work I have ever seen, have so quickly abandoned the NIA
platform to bilk their doting readers, but then again, nothing surprises me
anymore.
That said, the point I am making is that
the writer of this article, "Timothy Sykes," is perhaps
WORSE than the NIA, attacking Lebed mercifully for being a penny stock
promoter when he is doing EXACTLY the same thing. In fact, he is far
worse, as per the language in the article, appears to be charging suckers for
his penny stock advice, unlike the NIA which simply exploits the leverage of its
large mailing list to move stocks.
Exposing
Convicted Penny Stock Manipulator Jonathan Lebed Of The National Inflation
Association's Latest Pump & Dump
Back to the post-PSLV silver surge, I
thought you would appreciate the apparent breakdown of the uptrend in the
gold/silver ratio, which has risen sharply since bottoming out at 32:1 the
day before the "SUNDAY NIGHT PAPER SILVER MASSACRE" eight months
ago. I cannot say what will happen in the short-run, but my bearishness
on the gold/silver ratio is only matched by my bullishness on PHYSICAL gold
and silver themselves!
And for those into "conspiracy
theories," an interesting coincidence regarding the timing of the
Eastman Kodak bankruptcy last week. Apparently, EK consumes nearly as
much silver each year as PSLV is sourcing with the $349 million of proceeds
from its equity offering, which many - such as myself
- believe may not be available despite what Sprott has been
told. There will likely never be a way to connect these two events, but
then again there was no way of connecting the "too early" sale of
Warren Buffet's 130 million ounces of silver in 2006, precisely when
the fraudulent SLV ETF commenced operations with an inventory of - get this -
130 million ounces!
Eastman
Kodak Silver Scandal?
As for the perfect storm of typical
Cartel "gold smashing events" necessary to impact investor
PERCEPTION, this week's "fearsome foursome" will tell us a lot of how strong the PHYSICAL market actually is,
particularly with "ADMIRAL SPROTT" in the market sourcing ten
million ounces. Today (Monday), we had the so-called "Greek debt
negotiations deadline," which for the umpteenth time failed.
The hyped "50% haircut" deal
from late October has now degraded to proposals of 80%+ write-offs, to which
I ask "what's the point?" Greece, with its 450%+ sovereign
yields, is beyond toast, yet somehow the global PPT has been able to
delay the day of reckoning for a few months. Rest assured, Greece will
return to the spotlight, the gods on Olympus frowning as the world's first
great civilization turns to ashes. And when it does, the FRENCH banks
with huge exposure to Athens will be the first dominos to tumble.
Greek Debt
Deal Rejected As S&P Begins European Bank Downgrades
On Tuesday night, we have the top
PROPAGANDA speech on Earth from the biggest liar in America, the
"(MISERABLE) STATE OF THE UNION," followed by further dovish
comments from the FOMC on Wednesday, another COMEX gold options expiration
date on Thursday, and of course an uncontested, undebated $1.2
TRILLION increase in the U.S. national debt on Friday, to $16.4 TRILLION.
As for now (Monday night), it's time to
prepare dinner and watch a few hours of TV before tomorrow's battle begins!
Tuesday morning, and the same old, same
old. I walked into the gym to see Dow Futures down a whopping 50
points, and despite having been up something like 19 of the last 20 days,
Zero Hedge can't help put out the same moronic "risk off" headlines,
a ridiculous, amorphous catch-all phrase to explain any time any market goes
down. As I watched the Dow / Gold x 2 algorithm in full force - wherein
PAPER gold falls 2x the rate of any tweak down in Dow Futures, but rises at
half the rate - I smirked at how good I have become at predicting the tick
for tick action of these GOVERNMENT COMPUTERS in the thin pre-market PAPER
action.
As has been the case during the past
month's market and media LOCKDOWN, very little news was discussed on
financial websites and TV, no matter how bad. Apparently the "EU
finance ministers" approved the European Stability Mechanism, or ESM
treaty in a shady overnight vote reminiscent of the Christmas Eve 1913,
sparsely-attended Congressional vote that ratified the unconstitutional
Federal Reserve. Perfect timing, as due to the aforementioned global,
mental LOCKDOWN, we could probably bomb Iran without drawing a
significant media - or Dow Futures - reaction.
Guest Post:
EU Finance Ministers Push Through ESM Treaty in Fishy Fly-by-Night Move
The big question, of course, is why such
a hurry to empower the ESM (scheduled for July 2012) if it is completely
toothless? Its predecessor, the largely impotent European
Financial Stability Fund, or EFSF, was unable to leverage its limited
funding, forcing the ECB to "save" Europe with pure MONEY PRINTING
via its own "LTRO" mechanism and the Federal Reserve's "swap
facility," downgraded by S&P before it even issued a cent of its own
debt.
The ESM/EFSF Bluff
Of course there's a reason, revealed in
all its glory in the four-minute video embedded within the below link.
In essence, the ESM is being utilized to commandeer Europe, much as the
Federal Reserve has in the United States. Essentially, it concentrates
financial power into the hands of a handful of centralized "elites,"
mandated to act on the behalf of the 'good of the continent,' with ZERO input
or regulation from individual nations.
Considering two former Goldman Sachs
honchos were just installed - without
election - as Prime Ministers in Italy and Greece, you can see what direction
Europe is going. In other words, sovereign rights in Europe are about
to go the way of States' rights here in the U.S. - to the BANKERS. And
with them, the voices - and wealth -of tens of millionsof
people.
The European
Stability Mechanism (ESM) - A Treaty of Debt
Off topic, if I see one more article
about Greece's bleeping debt default negotiations, I'm going to seriously
vomit. How the ISDA considers Greece - that of the 450% yielding
government bonds, which have lost 70%+ of their value - to still be solvent,
is beyond me. But then again, per the commentary above about the
conspiracy to commandeer Europe's finances, and global willingness to be
lulled into mental LOCKDOWN, I guess nothing is impossible.
Of course, for how long can the markets,
and people, remain quiet when their capital, livelihoods, and lives
are being stolen from them?
S&P
Warning Of Imminent Greek Default Again, But Promises All Shall Be Well,
Dallara Speaks
As for gold's absolute action
this morning - as compared to its relative action via the Dow / Gold x
2 algorithm, not surprisingly we already have a 2-for-2 day. Up all
night in Asia, then smashed at EXACTLY 3:00 AM EST while the Dow Futures
barely budge, and again at EXACTLY the COMEX open at 8:20 AM EST. Then
again, silver is only down $0.15 as I write this commentary, yet again
THREATENING the Cartel's best attempts to control market perception,
care of "ADMIRAL SPROTT."
As I noted earlier, between the tense
Greek debt negotiations today, the (MISERABLE) State of the Union speech
tonight, FOMC meeting tomorrow, COMEX options expiration Thursday, and $1.2
TRILLION debt ceiling increase Friday, the Cartel will likely be in rare form
all week.
 
Particularly, keep your eyes on gold in
the ensuing minutes following the Fed's rate decision tomorrow at 2:15
PM EST. My guess is they say the same thing as always - i.e. rates at
zero until at least mid-2013, continuing to examine stimulus options, etc. -
and that gold is initially allowed to drift up to bring in suckers before a
big PAPER attack. This is their most common post-FOMC tactic, utilized
in the same manner as their oft post-NFP report attacks.
Don't worry,
I'm not concerned about lasting effects, just pointing out short-term Cartel
tactics to expose them further. I hope I'm wrong, and very well could
be given the explosive PM fundamentals and lurking economic dangers.
Remember, this summer gold and silver SOARED while stock markets plummeted,
asserting themselves as the SAFE HAVENS they have been for the past
5,000 years, and will be for the next 5,000.
PROTECT YOURSELF, and do it NOW!
Nothing makes me happier than a RANT
topic served up on a "silver platter," and tonight's State of
the Union address provides the perfect fodder. No better way to
draw attention than with shock value, so here's a gem of a timely
headline, care of the most useless, bloated, right-stealing agency in
the U.S. - the TSA.
Rand Paul
Detained In Nashville For Refusing Full Body Pat Down
Yes, an esteemed Senator is being held
because the TSA won't accept his word that he is not carrying a bomb in his
pants leg, probably because his father is Ron Paul, by the way. The
clownish U.S. government makes my job too easy, plumbing new depths each
day, as it plunges faster toward its ultimate end, the "Davey
Jones" locker of oppressive, bankrupt, ruling bodies.
Son of Ron Paul or not, I feel little
sympathy for Rand Paul, who ultimately will be released, apologized to, and
treated to additional privileges in his role of taxpayer-funded
bureaucrat. As for "average Americans" not lucky enough to be
Senators, not only do I sympathize with how the TSA is likely to treat
YOU, but I may soon have to empathize as well.
As for the "State of the
Union" itself, I am quite confident it has NEVER been worse, and sadly
that today's state of decline will shortly be remembered as the
"good old days," following the ultimate collapse in social,
economic, and political equilibrium following the dollar's loss of its
"world's reserve currency" status. Tonight's annual
PROPAGANDA report will be the same veritable puke-fest as always, a tribute
to the art of flat-out LYING while an obviously bipartisan crowd
cheers. Obama's lucid "speechifying" is growing tired on the
oppressed, distressed public, and simply saying "mark my words" or
"you can take that to the bank" is falling on deaf ears, just as it
did with George Bush and countless fraudulent "leaders" before
them.
Per the below article, American's state
of "dissatisfaction" has never been higher, a TREND steadily
worsening since the "U.S. peak" at the turn of the Century, care of
the Greenspan-inspired MONEY PRINTING that brought us the doomed technology
and real estate bubbles.
One Day
Ahead Of State Of The Union Address, American Dissatisfaction With Economic,
Political Issues At Record
Per the chart below, we are talking
about GARGANTUAN declines in all aspects of Americans' views of their
nation, from its financial strength (13% satisfaction compared to 68%
in 2001), moral/ethical climate (28% satisfaction compared to 36% in
2001), and government growth (29% compared to 50% in 2001).
These are extremely alarming trends, matched only by the rapid decline in
Presidential approval ratings.
In last week's RANT, "FIGHT NIGHT - RANTING ANDY," I
discussed the rapid deterioration of America's "moral/ethical
climate." However, per the chart above, note that it was
already at extremely low levels in 2001, as the rot of a welfare society with
declining disciplinary standards has been wearing on this once great nation
for some time.
As for Presidential approval ratings, it
should be quite clear how easily they can be manipulated for short-term gain,
despite the horrific long-term consequences of such actions. Note above
the surge in Americans' views of the nation's "moral/ethical climate"
and confidence in the "size and power of Federal government" in
2002, even while its views of the "state of the economy" plummeted,
just before the U.S. unconstitutionally invaded Iraq under false
pretenses.
Next take a look at the excellent graph
in the below article, charting Presidential approval ratings over the past 65
years. Notice how the largest spikes occur when the nation ATTACKS
other nations, including dropping the annihilation of Hiroshima and Nagasaki
(Truman, 1945), Cuban Missile Crisis (Kennedy, 1962), Gulf of Tonkin Incident
(Johnson, 1964), "Operation Desert Storm" (Bush I, 1990), and
"Operation Iraqi Freedom" (Bush II, 2003).
How the
Presidents Stack Up - WSJ
The "patriotism" engendered by
military attacks - based on lies or reality - quickly wears off, and
in the case of Vietnam and Iraq, the negative ramifications are often
pervasive, enormous, and long-term in nature. Obama's 49% approval rating
has a long way to go before it hits the ALL-TIME LOW of 19% achieved by
George Bush as he left office in 2008 (although it has been as low as 37%),
but his 44% average approval in the third year of his presidency was
the second lowest third-year rating since at least 1955, with only
Jimmy Carter in 1979 below him on that notorious list.
Using deductive reasoning, it would be a
pretty reasonable assumption that an attack on Iran, vilified for years as
our mortal enemy despite having done nothing to earn that description,
is being planned as we speak. I can only HOPE the American public wakes
up to the EVIL being perpetrated on it by its leaders, but based on the
alarming data above regarding public support of WAR, a decade of brainwashing
that the Moslem religion is America's "enemy," Obama's weak
approval ratings, a nation in economic, political, and social turmoil, and an
historic Presidential election upcoming in November, my HOPES are likely to
be disappointed.
Gallup:
Obama's third-year approval ratings among lowest
As for tonight's vile display of blatant
deceptionfrom a puppet simpleton, commentated on by hordes of
politically-biased dolts, on networks mandated to fool the masses in pushing
their own selfish agendas, I will not be watching. I do not think there
is anything I wouldn't prefer to watching
Obama speak, and hopefully you feel the same.
Moreover, I couldn't be more certain
he will espouse how great America is doing, with a few "our
lord" references thrown in to convince people he is religious, or
"folks" references to convince people he is one of them. Just
as certain as gold's attack tomorrow morning to "validate" Obama's
filth, yet another of the myriad events on the Cartel's list as "must
smash gold" events.
However, If there is ONE reason to watch
him speak tonight, it would be to see - in person - how low the U.S.
government has sunk, and how much lower it is on course to plunge. If
that doesn't inspire you to PROTECT YOURSELF from what's coming, I don't know
what will!
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