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When Gold Has No Friends
There are likely, at minimum, half a dozen reasons for the swift correction in precious metals over the past week. The real reason might be one, two, or even all of what I’m going to lay out below.
I’m going to go way out on a limb here. Right now gold has no friends. Even some of its biggest proponents are declaring the bull market to be over. The deflationists are loving this as it gives them ammo. I have gone on the record several times as stating there is no way we can have hyperinflation given what currently exists as a monetary reality. And I’ve also explained why, while readily admitting that could certainly change. That said; I am not a deflationist either. I recognize that regardless of how the dollar standard ends, the banksters will arrange the chess pieces so that they win. And in the arrangement of those chess pieces is the accumulation of vast amounts of gold, and to a lesser extent, silver. That is a fact that cannot be denied.
These same elites also want Cyprus’ gold and this puts the gold of nations like Portugal and Spain, as well as several others, on the potential chopping block also. The possibility of all this metal hitting the markets was easily enough to spook many folks into abandoning long positions.
Read More: http://economicrisis.com/when-gold-has-no-friends-2/5608
