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Uncle Sam’s Financial Diplomacy and Market Update – Shadow of Truth

Friday, May 27, 2016 15:35

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TND Podcast Spotlight: Shadow of Truth

Except for its western hemisphere lap-dogs and chattel, the U.S. “defense” strategy has been the implementation of a highly “offensive” (in both senses of the word here) policy of military and economic antagonism. What unfolding of events in Syria and Venezuela are just two examples.

As the U.S. Ponzi scheme continues to unravel, the Government’s attempt to control the markets intensifies. The primary stock indices (Dow, S&P 500, Naz), which are currently more overvalued than at any point in U.S. history, seem impervious to any sort of sell-off, no matter how atrocious the economic news. The stock market has been “miraculously” bullet-proof from the most recent Fed official threats to hike interest rates in two weeks.

Conversely, the price of gold, has been subjected to paper gold price slams nearly every day since the Federal Reserve’s Club of Thespians released their latest sequel to “Game Of Rate Hikes.” It’s like “Chuckie” in the “Child’s Play” series – the storyline just won’t die.

The current manipulated pullback has taken gold down about 7% since the “Game of Rate Hikes” was released about two weeks ago. India has been dormant as a gold buyer since March 1st, activity seems to be stirring based on the latest ex-import duty premiums. Smuggling into India has picked up considerably this week – LINK. Similarly, buying in China per data from the Shanghai Gold Exchange has been stimulated by the lower price of gold. In fact, deliveries onto the SGE have surged this week and the open interest now sits at 720 tonnes, which is likely a record.

The only result that will end up being accomplished by the U.S. intervention in the gold market will be a further transfer of real wealth from the U.S. populace to the Chinese. Thank you may I have another? Rory Hall and I discuss these issues in our latest “Market Update” series from the The Shadow of Truth:

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About Dave Kranzler:

I spent many years working in various analytic jobs and trading on Wall Street. For nine of those years, I traded junk bonds for Bankers Trust. I have an MBA from the University of Chicago, with a concentration in accounting and finance. My goal is to help people understand and analyze what is really going on in our financial system and economy. You can follow my work and contact me via my website Investment Research Dynamics. Occasionally, I publish on Seeking Alpha too. As a co-founder and principal of Golden Returns Capital, LLC Mr. Kranzler co-manages the Precious Metals Opportunity Fund, a metals and mining stock investment fund.

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About The Daily Coin:

Rory Hall, Editor-in-Chief, The Daily Coin, has studied the precious metals market, economic and monetary policies as well as geopolitical events since 1987. I have written well over 700 articles and produced more than 200 videos. Beginning in 2014 The Daily Coin became my latest incarnation. Prior to launching my own website and YouTube channel I began working with Sean at SGTReport.com in 2012 and still contribute, daily, to his website. The YouTube Channel, The Daily Coin, was launched in February 2014 and website TheDailyCoin.org was launched April 2014. My original articles have been published by such notable websites as Zerohedge, SHTFPlan, Sprott Money, Silver Doctors and The News Doctors just to name a few. I have interviewed some of the top professionals, in their field, from around the world, including Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. The Daily Coin is enjoying global growth for both original works and delivering some of the best economic, precious metals, geopolitical and preparedness news from around the world.