It’s early Monday morning – in what is typically the slowest volume week
of the year, aside from Christmas through New Year’s Eve. So slow, I
have just eight articles in my “horrible headline notes” from the
past 48 hours, as the entire Western world is on vacation. That said,
those eight articles alone, in a freely-traded market, would be more than
enough to send Precious Metal prices higher, such as the complete implosion
of the tell-tale Vancouver real estate market – down 20% this month, and 25%
in the past two months; and a ceasefire in Nigeria, which caused oil prices
to plunge this morning. And no, last night’s PM raids had nothing to do
with it, as gold and silver’s losses occurred long before oil prices moved so
much as a penny lower.
Let alone, a story so ominous, and terrifying, it’s nearly inconceivable
in a first world nation. In my view, on a par with Francois Hollande’s
now eight months old declaration of a French “economic emergency” – which, I assure you, is far
worse today than in January. I mean, can you imagine the
financial market reaction if Barack Obama gave a primetime address to tell
the TRUTH that the U.S., too – “exceptionalism” notwithstanding – was in a
state of economic emergency?
Well, yesterday morning, mere hours before the Cartel followed up Friday’s
PM farce of a raid – which was launched in the ultra-thin Thursday
night Globex session, and followed up with prototypical “2:15 AM” and
COMEX-opening blitzkrieg attacks, amidst not a shred of “PM-negative” news
(as if there ever is)…
…it was reported that the German government is about to warn its entire
citizenry – this Wednesday afternoon, following an emergency meeting – to
stockpile at least ten days of food and water, due to a potentially imminent
terrorist threat. Again, can you imagine the financial market reaction here
if Congress issued such a warning? And no, I’m not exaggerating,
per this article.
This is how the Cartel followed up Friday’s farcical raid, with not a
single other market budging at the time, for the 154th Sunday night
of the past 160 weekends; including 29 of 31 this year, in which PMs have
been the world’s best performing asset. Which they of course followed
up with the 685th “2:15 AM”
attack of the past 788 trading days, including the past 15 in a row. In
both cases, well into the “sixth
sigma” realm.
My friends, do you believe a single ounce of physical silver
changed hands on a sleepy Sunday night of “premarket” Asian trading – during
which all other markets were flatlining? Or, for that matter, more than
a handful on Friday, on one of the year’s slowest trading days?
Let alone, as the “ugliest
economic data I’ve ever seen” had just been reported?
Let me make this easy for you, by answering the question with a resounding
NO – just like a year ago, when on an equally sleepy summer Sunday night, the
Cartel executed “Sunday Night Paper Massacre II” – taking gold $52/oz lower
in five minutes. Which, per the title of my subsequent
article, did in fact lead to a significant physical metal shortage
immediately thereafter. Or heck, the original “Sunday
Night Paper Silver Massacre” on May 1st, 2011 – when heck, the Chinese
market was closed for a holiday.
Why do I detail such heinous acts of criminality, cowardice, and
desperation? For the same reason as always…to chronicle the
truth, spread it over the internet, and empower you to see
the “forest” of economic (and physical market) reality, through the “trees”
of paper market rigging. Hopefully, this will help you make sound
long-term decisions – about Precious Metals and financial markets in general.
As when the “end game” of total manipulative failure arrives – perhaps, much
sooner than you can imagine – if you haven’t already protected
yourself, it will already be too late. As I wrote this
weekend, I know it feels really, really frustrating, demoralizing, and
rage-inducing now; but in the big picture, “we are winning, and
won’t be stopped.”
To that end, I was about to finish this article, when I saw an MSM article
“explaining” why PMs were smashed – of how Fed Vice Chairman Stanley Fischer
said this weekend that, “an interest rate hike was still under consideration
for this year, and that economic growth would accelerate” – “fueling
speculation” that Whirlybird Janet will utter something “hawkish” in Friday’s
Jackson Hole speech. In other words, exactly what a dozen other
clueless, biased Fed governors have said all year long, as the economy has dramatically worsened,
per the last three quarterly GDP prints, “double seasonal adjustments” and
all, of just 1.4%, 0.8%, and 1.1%, representing the weakest economic “growth”
since the 2008-09 financial crisis. Not to mention, as global monetary
easing has gone parabolic – with even the Bank of England lowering rates,
expanding QE, and dramatically reducing its GDP forecast last week, despite
the Brexit having “no effect” on economic activity. Heck, San Francisco
Fed President John Williams started 2016 by predicting three-to-five rate
hikes; but last week, advocated negative interest rates, a raising of the
Fed’s 2% “inflation target,” and the targeting of nominal GDP as an official
Fed policy!
My friends, I cannot implore you more vehemently to see said forest
through the trees – as the “powers that be” day of reckoning is coming, and
right soon! And you’d better be ready for it when it does, lest you and
yours might suffer the same, horrific financial fate as billions in nations
without “world’s reserve currencies” already have!
