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The Alternative Currencies Destruction: How and Why

Thursday, April 18, 2013 14:56
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(Before It's News)

Read the Wednesday Afternoon Wrap-Up for 4/17/2013 and the Thursday Morning Commentary for 4/18/2013

Given the vast ramifications of this week’s “ALTERNATIVE CURRENCIES DESTRUCTION”; in which – “coincidentally” – PAPER PMs and Bitcoin were crashed immediately after a closed-door meeting between Obama and the CEOs of JP Morgan and Goldman Sachs (the latter of which promptly issued a gold “short-sell recommendation”), I thought I’d give you some additional commentary to digest.

This piece is not meant to discuss said ramifications – such as the PHYSICAL BUYING FRENZY it has fostered; but instead, to give you “expert analysis” of how it was carried out, and why.  Fortunately, I can lean on the expertise of giants in our field, as these were some of the best commentaries I could find.  After reading them, I think your resolve to RUN (don’t walk) from “PAPER PM Investments” will be stronger than ever; as will your urgency to PROTECT assets with REAL MONEY.

Gold Will Perform To Where We Expect – Jim Sinclair

First, we have pure forensic analysis of HOW the raid was perpetrated – starting with one of the “shadow world’s” greatest minds – Brother JohnF; in video format…

Silver Update: Endgame Disconnect – BrotherJohnF

…followed by a newcomer on my radar screen – Bill Downey of GoldTrends.net; whom introduces the unreported, “coincidental” crash of the London PHYSICAL trading system amidst Friday’s carnage…

How the Gold Market was Crashed – Gold Trends.net

Next up, the ultimate COMEX numbers cruncher – Ted Butler; who notes that ALL major PAPER PM raids seem to occur when the “Commercials” are going long

The Price Smash – Who, What, How and Why? – Ted Butler

His premise is that they are aggressively covering shorts; and given that – as of last Tuesday – both metals had their lowest “Commercial” short position in years, the $64,000 question is whether or not they will attempt to go LONG – for the first time in the ENTIRE PM BULL MARKET…

gold-net-long-position-commercials

particularly silver, which is less than 20,000 contracts away…

silver-net-long-position

Next, a combination of forensic analysis describing HOW it happened – replete with AMAZING data regarding Cartel HFT trading in Sunday night’s wee hours – and insightful commentary as to WHY…

This Gold Slam is a Massive Wealth Transfer from our Pockets to the Banks – Chris Martenson

…and “last but not least,” big picture discussions of WHY TPTB must suppress (PAPER) PM prices; from one of the smartest men in the bullion industry…

The Gold Takedown:  Another Glimpse into the Central Banking Matrix – Nick Barisheff

…a former Assistant Treasury Secretary; who in his sunset years, has decided to tell the TRUTH…

Update to the Update: The Attack on Gold — Paul Craig Roberts

…and a talented writer discussing why GATA has been DEAD ON for the past 15 years…

Gold’s price collapse and 4,500 tons of Mysterious American Gold Exports

…as validated by “ADMIRAL SPROTT”…

Do Western Central Banks Have Any Gold Left??? Part II

I urge you to read at least a portion of these wonderful pieces – as the more you understand, the more terrified you will be of what is to come; and empowered to…

PROTECT YOURSELF, and do it NOW!

Call Miles Franklin at 800-822-8080, and talk to one of our brokers.  Through industry-leading customer service and competitive pricing, we aim to EARN your business.

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