A Fight to the Death…Theirs!

IMG Auteur
Published : March 29th, 2017
593 words - Reading time : 1 - 2 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
Our Newsletter...
Category : Opinions and Analysis

My wife would kill me if she saw me writing, as I vowed not to do so during our vacation.  However, as she is temporarily distracted, I thought I’d pen a few thoughts of today’s travesty, within the roughly 45 minute window I have.

Again, per what I discussed this weekend, the Cartel’s “200 week moving average war”- against the “canaries in the coal mine” known as gold and silver; which with each passing day, move closer to recapturing their roles as the “once and future kings” of monetary value; has clearly been taken nuclear.  I’ve discussed the genesis of, and minute-to-minute changes of said war ad nauseum, so I’m not going to add to it now – particularly during vacation.  But clearly, the terror struck in the hearts by Friday’s dramatic end of the fraudulent “Trump-flation” meme – to the point that it won’t be long before he becomes universally reviled, as the economic disaster he inherited spectacularly implodes – is so obvious, you can “feel” it.  Friday’s failure of the American Health Care Act clearly set the ball rolling downward – right into next month’s historic debt ceiling crisis; which, I might add, coincides perfectly with the potentially world-destroying French election.  And by the way, if anyone actually believes propaganda about the AHC’s failure being a “good” thing, here a quote from Larry Lindsey, former White House economic advisor, about the reality of the massive funding gap the Trump Administration now faces…

One of the silliest things I’ve heard is that the health-care proposal not passing will be good for Trump’s tax reform.  Absolutely not.”

As always, the resultant PM surge was capped and attacked; first late on Friday (hence, Saturday’s “nuclear” article); and again today via the 12:00 cap of last resort algorithm; in this case, using a meaningless speech by Fed Vice Chairman Fischer as “cover,” just as gold attempted to break well above its 200 week moving average of $1,252/oz, whilst silver came within pennies of its own 200 WMA, of $18.30/oz.  LOL, Fischer said absolutely nothing incremental; and indeed, spoke of historically low corporate productivity; just as Janet Yellen, in a separate speech, espoused that – contrary to her rote propaganda stance of “full employment” – minority employment trends continue to dramatically weaken.

“Funny” how the HUI mining index was slammed by more than seven points beforehand, even as silver was still up, and gold barely down – via a prototypical Cartel “tactic” I have witnessed for 15 years.  Not to mention, as – what a coincidence – COMEX options expiration day was today; no doubt, with lots of gold call options at $1,250/oz, well into the money until the Cartel came in to do its thing.   And oh yeah, 25% of the entire COMEX registered gold inventory was withdrawn today – which would seem to be a BIG deal in the world of actual physical supply and demand; as opposed to say oil and copper, which are amidst historic gluts, guaranteed to dramatically worsen for the foreseeable future.

At the end of the day, little damage was done, with both metals poised for the “inevitable, decisive 200 week moving average victory” that must mathematically occur – marking the end of the nearly six year PM “bear market” (in U.S. dollar terms, as foreign-denominated gold prices have soared for years); and the beginning of the end of history’s largest, most destructive fiat Ponzi scheme.  Don’t forget for a second, that these cornered rates will “fight to the death”; which fortunately for the world, will unquestionably be theirs.

Data and Statistics for these countries : Georgia | All
Gold and Silver Prices for these countries : Georgia | All
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Andrew Hoffman was a buy-side and sell-side analyst in the United States (including six years as an II-ranked oilfield service analyst at Salomon Smith Barney), but since 2002 his focus has been entirely in the metals markets, principally gold and silver. He recently worked as a consultant to junior mining companies, head of Corporate Development, and VP of Investor Relations for different mining ventures, and is now the Director of Marketing for Miles Franklin, a U.S.-based bullion dealer.
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Ah, yes, black welfare recipients receiving our hard earned and easily spent tax dollars and providing us nothing save their lives for our investme...
15 JanDoom1
It's not just the English that is considered RACIST, it's also mathematics, and a wide range of other things: http://professorconfess.blogspot...
The World’s Most – And Least – Miserable Countries in 2016
15 JanWatchdoctor
Happiness is not determined by financial situations, though it does of course negatively impact on our ambitions. Wether or not you are happy, rega...
Number One Concern of US Citizens is Terrorism
14 JanThe Recusant
The chances of dying in a terrorist attack in the US (with 9/11 statistics included) is around 1 in a million per year. Compared to dying from non-...
Mad As Hell
14 JanThe Recusant0
j T.: Yes, the Democrats putting up HRC as their candidate in a populist electoral period was pure stupidity. And both parties allowing Obamacare t...
2018: The Wrong Lesson on Gold Investing
14 JanThe Recusant
As you say, it's only what the central banks do that matters. Gold and its little brother silver are the only true measures of fiat currencies and ...
Trump's Ignorance
13 JanRichard J.1
At this point isnt it pretty obvious it’s got to all blow....as much as Hugo is dead on do we really want the US to survive as caretaker of world m...
One-year score card for Trump
13 JanS W.
Everything else aside, Donald Trump has a very small mouth, combined with the weirdest lip action and pouting of any person I have ever seen.
Most commented articlesFavoritesMore...
World PM Newsflow
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.