GOLD'S LAST STAND
Its over for the gold bugs. Since the latest smackdown by the Cartel, only the true believers stand on the walls ready to defend sound money and free markets. Of course we all know what happened in that picture above.
Did anyone happen to notice that virtually every hour CNBS was on last week they had at least one spot that had some hack for the cartel disparaging gold with a smirk on his face. What you didn’t see was anyone bringing up that for the past three years that the paper gold price is ONLY hit with thousands of future’s contracts being traded in three minutes in the after hours thinly traded periods. Usually at the end of regular Asia trading and before New York opens. Convenient isn’t it.
Now we have confessions of guilt on major bullion banks of gold and silver price manipulation. I would imagine there will be little mention of this on CNBS. For that matter you may not hear Martin Armstrong or Dan Norcini mention it.
Now here is the issue for you. So what? Who cares? If you’ve followed this with a median IQ and an open mind, you should have already known this. I’ll bet there are people reading this right now that still don’t understand that you cannot manipulate a market like this INDEFINITELY that hold LIMITED amounts of actual metal. The Cartel knows this but they don’t want you to know it and that is why you are bombarded by self-appointed gold experts telling you on MSM that gold is a barbarous relic. Its called flushing out the weak hands and it works. It has always worked. There’ll be a change and when it happens much of the Cartel will have reversed there trade and most likely are already in position on the long side. GL in the game.
Source: http://kliguy38depression2news.blogspot.com/2014/11/golds-last-stand.html
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