Jim Sinclair, Manipulations & $3,500.00 + Gold – Buy Now!

The latest take down has seen gold drop by almost $100.00 over the past 3 weeks. This price manipulation is being called out by gold veteran Jim Sinclair. Jim says this is the makings of a conspiracy at the Federal Reserve in cahoots with bullion banks to cloak the true state of the US economy. Jim warns that anyone who sells out now will be ensnared in their trap, to lose everything, so be warned.

Mr. Sinclair has maintained for a long time now that gold will rise to $3500.00 and beyond, he remains even firmer on his prediction today. Those who follow Jim Sinclair know his predictions on the gold market, as they have been extremely precise over the last ten years. Should his prediction once again come true, it would still not reflect the true price because there is no accounting factored in, for consistent Fed and bullion bank manipulations.

Manipulating Markets

When extreme market volume during times of low market activity internationally is noticed, they’re is not one professional who does not understand that the sole purpose behind this type of market action, which is to reduce the market price of gold. Problems of the Western world economic systems are not able to be fixed by destroying a telltale barometer, such as the price of gold.

The notion that a tolerant Western financial system could recover due to Bernanke and the Federal Reserve jumping up & down upon this barometer (gold price) is a complete sham built upon ignorance & foolishness. The Federal Reserve tried to do this very thing back in the 70’s and their scheme totally collapsed, as they continue doing this today, the only outcome will be a total failure, once again.

Buy Now

In-fact the only thing all of this manipulation achieves is to create even more buying opportunities for the Chinese to import more tonnage out of Western vaults into their own. While these “Fire Sales” commence, many of the central banks within the BRICS nations are following suit taking advantage of the lower prices to add to their individual vault holdings as well. Take the lesson from the Chinese, buy what you can now as well. As the New Year approaches, so does Jim Sinclair’s $3,500.00 per ounce prediction sometime within 2013. With the price set to go even higher onward.

Gerald Celente – Predicts an Enormous Financial Collapse For 2013

For all those who know or have heard Gerald’s reputation for calling it “right on, every time” for decades now, the Top World Trends Forecaster is saying buy gold and silver NOW! Never shy for words, when Mr. Celente speaks, people listen. He is saying there is obvious intervention and manipulation going on in the metals markets. How can the prices on gold and silver actually be falling?

Just recently Bernanke created a new name for QE4, now promising 85 billion new phony dollars to be printed monthly. Meanwhile Mario Draghi, the head of the ECB promised unlimited financial support, including printing whatever is money necessary to keep propping up markets. Then the newly elected Japanese Prime Minister Shinzo Abe even before elected, promised to be-base the yen with the Japanese printing press running full-tilt.

If you looked at the commodities exchanges and saw how much gold and silver was being traded it would be pretty simple to start manipulating it. Fact is these manipulations most always occur in Asian markets, at night. Another fact is that both gold and silver have been around since the planet Earth was formed. The last fact here, both metals are not going anywhere. Gerald recently stated on a King World News interview that while he doesn’t give financial advice, he himself is buying. I say if you’re not already, maybe you should too.

Gerald’s got another prediction for everyone that will make your hair stand up, here goes…

According to Dr. Paul Craig Roberts (former Assistant Treasury Secretary under Ronald Reagan) Dr. Paul is adamant in his belief that there’s a massive bubble that has been forming in the bond market and it’s set to explode sometime in 2013. Further he states that when this bubble blows the aftermath will be bringing with it a financial catastrophe that will make the Great Depression look like a walk in the park.

Dr. Paul writes in Gerald Celente’s upcoming edition of the Trends Journal about this prediction. Bottom line: Dr.Paul is certain that the bond bubble in the bond market is about to blow. It is impossible for things to continue as they are; everyone knows this game is rigged.

Gerald Celente further adds that these fake bonds across the world have been constantly propped up; it’s about time now, they’re all going to collapse. It has to happen, it will happen. Interest rates must start to rise, once they do… look out, this will be the fuse allowing the bond bubble to detonate. It’s impossible to hold interest rates at zero for this many years, without expecting anything short of Financial Armageddon to pursue.

Listen to this SHOCKING interview on King World News Here

Allowing the US to Fall Off the Fiscal Cliff – Would Cost America it’s AAA Rating!

In the event America does not reach some form of agreement by year’s end to keep the country from falling off the fiscal cliff, to stave off tax hikes and $600 billion in spending cuts, the credit ratings firm Fitch will yank away America’s AAA credit rating.

In choosing to go over that cliff, this choice would intensify, instead of reduce the doubt over fiscal policy and push America into an unnecessary recession that otherwise could have been avoided. According to the company’s 2013 global outlook that was published last Wednesday. Mid-term growth potential along with financial stability would be eroded. Therefore in all likelihood America would lose its AAA credit status.

Fitch is still one of the 3 major credit rating agencies that still gives the U.S. its sterling AAA credit rating; however it was tarnished earlier by Fitch when they also added a negative outlook watch to America’s credit. Credit Ratings Company Standard & Poor’s had already downgraded America’s credit worthiness to AA+ back in 2011, which seemed to do nothing to neither hurt the borrowing capacity of the nation nor diminish the desirability for investors to continue investing in U.S. bonds.

Fitch stated that in order for them not to downgrade America’s debt that a viable deficit reduction plan to stabilize U.S. debt and public finances spanned over several years would need to materialize. Failure to put a credible fiscal consolidation plan into action during 2013 will cost the U.S. its triple – A rating status.

Tom Genot –
 

Photo Credits: Gold Bars By Agnico-Eagle (Agnico-Eagle Mines Limited) [CC0], via Wikimedia Commons