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By way of NFTRH subscriber MetalAugmentor, a reputable and hard
working mining stock fundamental research service to which I also
subscribe, comes this thread talking about an entity called Turd Ferguson.
Turd is an offshoot of Zero Hedge, is
apparently a really popular blogger among gold bugs and is cooking up plans
to do battle with the 'cartel'. 'Silverax' also
highlights Jim Sinclair and his own Golden Idea on how to break the cartel.
When I read something like "what we need is Maximus, the financial
gladiator" I just cringe.
Gold is going where it is going, and it
is anchoring value in a time of devaluation. There is no need for war
mentality. There is only a need to keep perspective through ongoing events
and the dynamic cycles in which they play out (I sound like an old fart, I
know).
Why do people need to join clubs, be
part of armies and do battle? There will be no such talk of financial
gladiators during gold's next up cycle. There will be talk of gold going to
$5,000 an oz. and beyond. Get on board the golden express elevator while you
can still save yourself! There will be talk of the death of the dollar, euro
and various other debt paper. There will be fear and
greed in the air all at once.
In short, there will be triumphant
crowing from the gold 'community' right up until the next top and into an
impending cycle of whining, crying and writhing in pain at which point what,
the financial gladiator saves them all again? Or maybe Turd and his hedge
fund adviser buddy slay the cartel for good?
Why not save the emotional ups and
downs, put that energy into day to day life and understand that we are going
to get where we are going despite pathetic attempts at manipulation of the
macro by the 'cartel'?
Gold is a tool that Central Banks, big
financial institutions and various authorities use to temporarily manipulate
the macro. Most recently, the actual manipulation was performed on Treasury
yield relationships, which in turn hurt gold, which in turn helped alter the
macro ("And contrary-wise; what it is it wouldn't be, and what it
wouldn't be it would. You see?" --Alice). It's just business,
perverted and way out on a limb though it is.
Don't personalize it, or you risk
becoming angry and biased. Anger and bias promote wrong decisions. The gold
'community', with its various leaders and caricatures is more like a cult
than anything, and this hurts the 'community's' supposed effort to bring the
monetary metal into the mainstream.
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