It’s late Friday afternoon – and after “Cliff High’s” prediction Wednesday
that a “late afternoon” event would prompt an explosion of gold, silver, and
Bitcoin this weekend, it’s difficult to not pay attention. Whether he’s
“right” or not, we’ll see soon, whether due to an actual proprietary
forecasting method or pure luck. As quite obviously, Precious Metal fundamentals
are already so strong, they simply need a “match” to light the
proverbial fuse. Which is why, last weekend, I essentially “called” the
Cartel’s imminent demise – a call made far stronger by today’s COT report,
released at 3:30 PM EST, showing COMEX “commercials” barely covered any of
their record gold short position as of last Tuesday, and took their record
silver short to a new, “off the charts” high. Which will surely grow much
higher next week, if what just occurred an hour ago – causing gold,
silver, and Bitcoin to surge in the thinly-traded post-NYSE hours – can’t be
“managed” by Sunday night. Trust me, this never happens on a
Friday night – much less, any
night. And certainly, not lately, with the Cartel already on death’s
door, as “Economic Mother Nature” and the “unstoppable tsunami of reality”
bear down on it.
I could write of dozen different “PM-bullish, everything-else-bearish”
topics – from the imminent collapse of the Italian banking system; the
heavily destabilizing – and likely, violent ramifications of yesterday’s
French terrorist attack; the explosion of corporate bond defaults, to a pace
above the 2009 post-crisis level; plunging Chinese investment and trade
activity; surging global oil supply; plunging UK real estate prices; the redacted
9/11 report pages suggesting the Saudi government may have been involved;
“Maestro” Greenspan, a week after calling for a return to the gold standard,
calling the Euro currency a “failure”; a surging U.S. inventory-to-sales
ratio; the “core CPI” the Fed fears so much remaining stubbornly above its
2.0% target, amidst a collapsing global economy; the soon-to-collapse Indian
government procuring essentially zero gold in its ill-begotten “gold
monetization scheme”; to the Bank of England’s Chief Economist not only
promising to act “promptly as well as muscularly” at its August meeting, to
“stimulate” the UK economy.
However, today’s “main event” is clearly the military coup attempt – and
resulting martial law declaration – occurring as I write in Turkey; which may
or may not succeed, but will clearly turn what is already one of the world’s
most dangerous geopolitical hotspots into a “black swan ground zero,” which
could easily destabilize not only financial markets, but the entire European,
Middle Eastern, and Asian political landscape. This is clearly why
Precious Metals surged in the post-NYSE “aftermarket,” and why Monday could
be an historic trading day, if the situation isn’t “fixed” by then.
Heck, it may well be anyway – as the way I see it, the entire powers-that-be
scheme to hold together a collapsing monetary system with smoke, mirrors, and
unprecedented
market manipulation is on the verge of implosion. And given my view
that the gold and silver Cartel is on its last
legs already, it wouldn’t take much for a chain reaction, resulting in
the inevitable “end game” of global currency collapse, to spontaneously
commence.
I cannot claim to be an expert in Turkish geopolitics. However,
given its significant role in the exploding European immigration crisis –
which will worsen exponentially following yesterday’s French terror attack –
it’s difficult to believe markets will not start to really fear that
the European Union, and Euro currency, are not in imminent danger. Let
alone, Turkey’s delicate geopolitical role in the ISIS crisis, bordering
Syria, Iraq, and Iran. Not to mention, its control of the Straits of
Bosphorus, one of the world’s most important sea trade routes – and Russia’s
only warm water transportation route. Throw in the fact that Turkey’s
President, Recep Erdoğan, is perhaps the most psychotic, megalomaniacal
dictator outside Kim Jong-Il, and the possibilities for dramatic,
destabilizing geopolitical changes are endless. This, in a world already
on the precipice of economic collapse, where political and social
revolutions are literally exploding. Heck, by the time next
weekend rolls around, we may well be speaking similarly of the
Republican convention – which I hope and pray, for the sake of America, goes
without a hitch, with Donald Trump rightfully claiming the nomination.
With global financial markets having been pushed to their most egregiously
overvalued levels in history – whilst gold and silver, conversely, have been
suppressed to their most undervalued levels in modern times – the chances
that Turkey, France, or even the Republican Convention prove to be the spark
that ignites the power keg, have never been higher. Which is why, more
than ever, we implore you to PROTECT YOURSELF, and DO IT NOW!
