| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Investors Exit Gold: ‘Panic Is Everywhere’
Gartman on Gold: We’ve Never Ever Seen Anything Like It
Published: Monday, 15 Apr 2013
CNBC is reporting that gold prices contine to take a nose dive.People are beginning to panic and throw their hands up in the air.Gartman said in a “Squawk Box” interview on Monday. “I’ve never seen anything like this. I mean it.”
Just remember this is exactly what the Elite want, to cause panic so people will sell their precious metals as Central bankers continue vacuuming up unprecedented amounts of gold and silver.Hang on to you’re gold and silver, soon the average American will not be able to afford it.
Gold prices broke below $1,400 Monday, their lowest level since March 2011. “Here we are under [$1,400],” Gartman observed. “Who would have thought it? Not I.”
“I think it would be unfair to force the Cypriots to sell [gold] and not to have others do exactly the same thing,” he argued. “I expect Spain and Portugal, Italy will also be rumored to do it, and that’s weighing on prices.”
Gold mining shares around the world were battered, with shares of Australian-listed Kingsgate Consolidated, a gold producer and exploration company, and miner Beadell Resources plunging 15 percent, while Newcrest Mining, which operates gold and copper mines, tumbled more than 8 percent.
Via wnd.com
Investors are NOT exiting their positions in PHYSICAL gold and silver. The bullion banks have suppressed the price through the selling of PAPER CONTRACTS on the futures market, but there is no crash in the PHYSICAL MARKET. Quite the opposite, there is a panic and scrambe into the PHYSICAL market GLOBALLY. Why is that? Because of the mother of all crashes coming this week – the dollar will collapse, the stock market, and all fiat currencies.
Buy gold and silver to survive this crash.