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Gold Price Regained $7.50 Today to Close at $1,074.30
The silver and gold price markets are as stagnant and moribund
as other markets, only more so. Nothing will happen there --
including, I wager, a sharp decline -- until silver rises
above $14.40 and the gold price rises over $1,090. Both are
extremely oversold and both show bullish Commitments of
Traders numbers, so both are set up for a rally, but both are
keeping us waiting. Watch for it still. Personally, I am
Is Gold Now Set-Up For A Move Higher? Dave Kranzler
There’s just too many loud voices – plus self-promoting
self-aggrandizers like Harry Dent – screaming for $800 gold.
Last time Goldman came out with an $800 gold target, gold ran
from $1100 up to $1400. Will these carnival barkers be right
this time around? I don’t know. As Bernanke famously said, the
Fed (banks) have new technology that enables them to create
electronic dollars (Comex paper contracts) in unlimited
quantities in order to direct the market in the direction of
A Rotten Turkey for Thanksgiving Bill Holter
By now you have heard the news of a Russian fighter being shot
down over Turkey. There are conflicting reports as to whether
the plane was in Turkish or Syrian airspace. Another unknown
is whether the plane was shot down from the air or ground.
Also conflicting as to whether the pilots were dead prior to
landing, or executed while parachuting down or after landing.
Add to this the destruction of a Russian search helicopter by
an anti tank “TOW”. The ramifications of these events are mind
boggling to say the least...
Turkey Has Destroyed Russia’s Hope Of Western Cooperation
Paul Craig Roberts
Turkey’s unprovoked shoot-down of a Russian military aircraft
over Syria raises interesting questions. It seems unlikely
that the Turkish government would commit an act of war against
a much more powerful neighbor unless Washington had cleared
the attack. Turkey’s government is not very competent, but
even the incompetent know better than to put themselves into a
position of facing Russia alone. If the attack was cleared
with Washington, was Obama bypassed by the neocons who control
his government, or is Obama himself complicit?...
15 Proofs It’s a Fake, Fake, Fake America Jim Quinn
Remember the hilarious 1960s movie, “It’s a Mad Mad Mad
World?” Well, we live in a fake fake fake America.
Politicians, economists, all MSM talking heads, Big Business,
virtually every commercial that has ever aired, preachers, and
on and on and on, all have one thing in common. They’re all
liars and fake as a three dollar bill. “Fake”, a simple
definition: something that is not what it purports to be, a
worthless imitation passed off as genuine; an impostor or
charlatan. Example: “American society is extraordinarily fake;
filled with lies, fraud, facades, mirages, deception,
disinformation, misinformation, propaganda and
Richard Russell: The Passing of an Icon Dow Theory Letters
It is with great sadness that we report the passing of Richard
Lion Russell on Saturday, November 21. Richard had gone to the
hospital a week earlier with abdominal pain. He was diagnosed
with blood clots in the leg and lungs and other untreatable
ailments, but was able to return home under hospice care. He
spent his last days surrounded by family and visited by close
You Can’t Eat Gold or a Debt Sandwich Gary Christenson
You can’t eat gold, but you can’t eat a debt sandwich either.
If you choose gold, it is recognized and valued globally and
can easily be exchanged for goods and services. That is why
India has, according to estimates, something like 20,000 tons
of gold. That is why China has, according to estimates,
something like 15,000 tons of gold. That is why Fort Knox,
according to 60 year old audits, still claims to hold about
4,500 tons of gold. If you choose the debt sandwich you accept
the consequences of debt...
4,000 Roman Coins Found Buried in Swiss Orchard Reinforce Gold
Since 1971, when the United States detached the dollar from
gold and ushered in the era of fiat money, the dollar has lost
83% of its purchasing power. The 1971 dollar is now worth 17¢.
Gold in the meanwhile has risen from $35/oz. then to roughly
the $1100 level today (with a stop at $1900/oz in 2011.) Over
the long run, gold in the modern era has maintained its
purchasing power as it did in Roman times, while the dollar,
like the denarius, has been steadily debased. So it is by the
circuitous route just taken, you now know why 4000 Roman coins
recently found buried in a Swiss orchard reinforce gold
Grinch that stole Christmas James Hall
The usual holiday cheer that underpins the throngs of shoppers
may be missing this season. Political pundits are eager to
blame potential terrorist risks as a compelling reason to
avoid the crowds at malls, but knowing the sentiments of the
consumer culture, it is difficult to accept that retail
businesses will be empty. Nevertheless, will the economy
incentivize the bargain hunters to brave the added security
obstacles to storm the doors for the reward of super discount
The Fed Balance Sheet & The Price Of Silver SRSrocco
As we can see, the price of silver is now close to $14.
Fortunately for the fundamentals of owning precious metals,
the Fed is in a real corner. While some individuals believe
the Central Banks will control the paper prices of gold and
silver indefinitely, this is one hell of a lousy assumption.
At some point, the Fed and Central Banks will lose control of
the market and things will get out of hand rapidly. The idea
that the paper price of gold and silver will head toward zero
as monetary printing and debt skyrocket towards the heavens…
just goes to show how serious the BRAIN DAMAGE has become in a
good percentage of Americans...
Mike Maloney-Bond Bubble Bust Will Be Devastating Greg
Maloney says you can blame a lot of this wild ride on the
Federal Reserve. Maloney contends, “We’re going into the
Bernanke bust. The 2008 global financial crisis was of Alan
Greenspan’s making. Ben Bernanke just reacted to it. . . .
This time, it will be stocks, real estate and bonds. So, this
is going to be the biggest crash in history. This bond market
bubble is something that has been constantly inflated for the
past 35 years. When it pops, it’s going to be devastating. A
bond bubble bursting is deflationary.” Where does that leave
gold and silver? Maloney says, “In the last great deflation,
which was well studied, the Great Depression, gold rose 70%. .
. . If you owned gold, you ended up with two and a half times
more purchasing power...
Comex Leverage Now A Staggering 300 Times The Available
Physical Gold! KWN
Gold and silver remain bound in shackles in an ironclad
lockdown, Eric. Every rally gets snuffed out. That’s the bad
news. The good news is that the downside acceleration has
slowed. The reason is that both gold and silver have been
pushed down to prices levels that are providing support. So
regardless of the buildup of the big short position on the
Comex, the demand for physical metal, importantly, remains
good. It is the demand for physical metal that eventually
drives the price of gold and silver. Here’s a funny story to
make this point...
Very Strange Indeed! Bill Holter
The LBMA And Comex Gold Markets Are In A State Of Collapse
PM Sector Big Green Light and Low Risk Entry Setup Clive
Gold And Silver – Value Of Knowing The Trend Edge Trader
SHANGHAI vs COMEX: Opposite Moves In Silver Inventories
The Manipulation In Silver Has Reached An Extreme Dave
Ahead Of The Fed: Gold Stocks Rally Morris Hubbartt
Gold Price Scraped Off $1.60 to Close at $1,076.40