Getting tired of hearing from me yet?
Well I’m NOT tired of writing, despite what the Cartel WANTS!
I can only say it so many times (but will keep doing so irrespective), the END GAME is not “coming”, it is HERE, NOW!
They are trying every trick in the book to keep gold under control before they massively balloon the debt limit to $16.5 trillion or so (by August 2nd), affording you more OPPORTUNITIES to trade in your rapidly depreciating dollars, Euros, and pounds for the stability of REAL money, GOLD and SILVER.
To start, we all saw the FAILED attack on Tuesday, which I wrote about in my RANT yesterday. Not to mention, that, after THREE MONTHS OF CAPPING gold at the important $1,550 ROUND NUMBER level, the bad guys were finally overran by demand, essentially turning massive resistance into MASSIVE SUPPORT. Nothing is certain in financial markets, but I would put the odds at 90%+ that we NEVER see gold below $1,500 again, EVER!
So now they are doing the same at $1,600, an even more important level as it not only represents a new ALL-TIME HIGH (not to mention in nearly all other currencies), but has the new, SCARY “16” handle. All you have to do is look at the COMEX charts of the last three days below (today included) to see this. In fact, only a particularly dumb chimp could not see the official intervention targeted at protecting the $1,600 level, particularly with all the HORRIBLE news coming out all day, every day.
Whether the Cartel is BROKEN before the debt limit is increased on August 2nd (not to mention GATA Gold Rush – London on August 4th-6th) or slightly afterwards is immaterial, as either way this EXPLOSION is imminent (and by explosion, I mean both gold prices and INFLATION EXPECTATIONS).
Buying REAL gold coins now costs well above $1,700/oz, and I believe the days of prices below $2,000/oz are numbered, unlikely to even last until the winter commences.
And when this occurs, it might be too late to PROTECT YOURSELF, as I expect INFLATION FEARS to cause SHORTAGES of PHYSICAL METAL, such as we saw in April when silver inventories everywhere rapidly sold out. April was more about GREED as silver prices rose in an environment of consensus (though BULLSH-T) “recovery” expectations, while August/September appears more likely to be about FEAR, a far more powerful emotion.
The EYE of the HURRICANE has just about passed, and the SECOND HALF OF 2011 is shaping up to be historic, in nearly all cases with negative ramifications.
PROTECT YOURSELF (which includes SELLING BONDS!), and do it NOW!