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Gold Miner's Last Stand

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The strain on the precious metal’s trader is taking its toll on sentiment. Bullish sentiment is at all time lows and only those that have a death wish seem to want to take on the bankers. Hedge fund managers have jumped on the banker band wagon and have built a large short position on the COMEX…..unfortunately the bankers are now net long indicating a blood bath for the hedgees may not be too far off. Whether one can stay solvent playing in the precious metals paper game with the bankers still remains to be seen. Many of the “true believers” in the miners have already been crushed…leaving the game to only the big money players, which of course was always the game the boyz  intended to create in this sector. More than likely a significant bullish move in miners is nearing.  Just remember this move will be signified by disbelief….even worse just as you accept finally that a significant bottom was put in….expect to have your guts ripped out with a wicked correction in the face of overwhelmingly bullish fundamentals (kinda like now).
We are facing one of the most distorted markets in history created by Fed intervention trying to hold together a system that is corrupt from top to bottom. If the equity market breaks into more than a 15% correction the entire system tied to the equity market will be at risk of collapse…..pensions and insurance swaps could collapse in a Tsunami of defaults in just a matter of days. THAT is the risk facing the rigged game. Meanwhile everyday that goes by just adds that much more malinvestment to a system that is desperately in need of real growth. Of course with a rigged system we can manipulate enough of the statistics to indicate that some type of “slow growth” is occurring a “slow economic recovery”….when actually we are just guaranteeing that ultimately NO real growth or recovery will occur. This can be easily seen by looking at the “denominator of DOOM”…the M2….its exponential growth mathematically ensures failure of the fiat ponzi printing game. “They” know this and they are making preparations for the eventuality of failure by preparing their asset allocation and geopolitical strategies. We can’t do anything to contain this unless your patriotism involves the unusual combination of courage AND sacrifice….which brings me to this current holiday. What would the many soldiers, mothers, wives, and children who made the ultimate sacrifice defending the constitution think if they could see what happened their country today? Would they even recognize it? What would they think of politicians today making millions and millions while they’re in office and even more from corporations AFTER the leave office? What would they think of 107 million Americans of working age that are unemployed and yet the OFFICIAL unemployment (U3) is at 7.5%??  What would they think of a politician like Lindsey Graham advocating endless wars in hell holes run by OUR own dictators? I wonder.


Source: http://kliguy38depression2news.blogspot.com/2013/05/gold-miners-last-stand.html



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