White House Banker Connection Pre-Gold Collapse

Monty Pelerin / EconomicNoise.com

Gold collapsed on Friday, April 12, 2013. The follow-through continued on Monday, April 15. I have explained elsewhere why it would be in the interests of the banks and the government to have this happen.

I am not a conspiracy theorist, but it is suspicious that on the Thursday before the Friday gold collapse there was an 11:00 AM meeting of all the major bankers at the White House.

Coincidence? Perhaps, or perhaps not.

Are things unravelling so fast that these criminals cannot cover their tracks more carefully?

To put it into a different perspective, Jim Sinclair cites Dennis Gartman who provided a statistical evaluation with the assistance of John Brimelow:

Dennis Gartman of The Gartman Letter, writes today:

Concerning gold, let’s note firstly something sent to us by our old friend John Brimelow, who had a most interesting piece in his commentary this morning regarding the violence of the recent price changes. He noted a piece written by Russell Rhoads, CFA of the CBOE Option Institute, who wrote the following:

Friday was a 4.88 standard deviation move in the price of gold. For simplicity’s sake let’s call it a five standard deviation move. Statistically we get a five standard deviation move approximately once every 4,776 years. So we should not expect another move like this out of the price of gold until May 17, 6789. … Currently the two-day price change in GLD is 16.65, which can be converted to just over eight standard deviations. I wanted to share what this comes to, but the table I use only goes up to seven standard deviations. Let’s just say the sun is expected to burn out first.

http://www.economicnoise.com/2013/04/17/white-house-banker-connection-pre-gold-collapse/