Hey, I never said it would be easy; and fighting for financial survival,
in a dangerous world where the “powers that be” want us dead – or more aptly
put, destitute – is the most difficult task I have ever faced.
Thankfully, 14 years of experience, hard work, and perseverance have enabled
me to survive the Cartel’s “best
shots.” However, the sum total of the stress I, and many of you,
have endured – not just from manipulated markets, but broadly speaking, the
horrific ramifications of history’s largest, most destructive fiat Ponzi
scheme, is difficult to conceive.
Frankly, I’m not sure exactly what I’m “rooting” for anymore – although I
assure you, it’s not Armageddon,
financially or otherwise. No, like you, I simply want to be rewarded
for hard work, foresight, and prudence – which in this case, involves higher
Precious Metal prices. The fact that I know they will rise as
the fiat Ponzi inevitably implodes certainly helps me sleep at night – as
does the fact that I long ago eschewed speculative “paper PM investments” for
actual, physical metal. However, it doesn’t make it any easier to
stomach the daily machinations of a handful of sociopaths, attempting to
destroy my pursuit of life, liberty, and the pursuit of happiness.
Honestly, I could write a half dozen separate, impactful articles
regarding various “horrible headlines” of this morning alone; each, connoting
a powerful, PM-bullish message. Such as…
- The official suspension of Brazilian President Dilma
Rousseff, as her impeachment hearings commence
- Yesterday’s “worst day in five years” for U.S. retail
stocks – as bellwether Macy’s, yet again, dramatically reduced
its revenue and earnings outlook
- The massive, “unexpected” write-off at one of
Italy’s largest banks, Banco Popular, suggesting the newly created
“Atlas” bailout fund will be imminently depleted
- The firestorm of political and social revolt – both
inside and outside Greece – following its Parliament’s shameful
acceptance of additional “austerity” measures, in exchange for “bailout”
funds to be sent directly to European banks
- Exploding “migrancy crisis” issues throughout Europe
- This morning’s Bank of England meeting, in which –
following Prime Minister Cameron a day before – its “governors” warned
of all-out political, economic, and financial market chaos if June 23rd’s
“BrExit” referendum passes. Which, I might add, current polls
suggest is likely.
- This morning’s horrific, “unexpected” surge in – say it
ain’t so – “weekly jobless claims, from 257,000 two weeks ago to 294,000
today; i.e., the biggest jump in 11 years, to a 15-month high
- Yesterday’s explosive 10-year Treasury auction; as,
following Friday’s “Fed-killing” jobs report, yields have plunged in
anticipation of QE4
- An article in China’s government-run “People
Daily” newspaper, warning that the nation has too much debt!
- Bank of Japan Governor Haruhiko Kuroda, I kid you not,
espousing that “low interest rates for a long time may cause issues”
- The biggest North American silver supply deficit on
record
- The fact that the Sprott closed-end gold fund – ticker
PHYS – has seen its premium to net asset value surge to 1.6%;
i.e., its highest since March 2013, just before the “alternative
currencies destruction” paper raids that launched the final legof the
four-year PM “bear market.” Like Sprott’s silver fund, PSLV –
whose April 7th secondary offering delivered a “major,
major blow to the Cartel,” I expect PSLV to be in a position to deal
an equally devastating “head shot” when its premium rises a few
more percent.
Or I could give a deep, detailed analysis of the Cartel’s desperate
attempts to cap yesterday’s “unanticipated” Precious Metals surge; let alone,
its all-out attacks in the late night “Globex” market; at the usual “2:15 AM”
EST, and thereafter – to try to quash exploding PM sentiment. Which, I
might add, are failing as I write at just before 10:00 AM EST, as the reality
of a raging bull market yet again trumps their best manipulative efforts
But alas, I only have so much “bandwidth” – time-wise, space-wise, and
mentally. Plus, between the three podcasts I taped yesterday, with
another scheduled for later this morning (all of which will be posted on the
blog imminently), those, and many other topics, will be amply covered.
Thus, I’m simply going to focus on a new, extremely meaningful peace
of the increasingly complete global monetary puzzle. Or, as I like to
refer to it, a “mosaic” of transformational change. Which is, not only Goldman
Sachs covering its ill-fated February “short gold” recommendation (at
$1,205/oz, with a $1,000/oz price target) with massive losses to its heavily
leveraged clients, but JP Morgan, yesterday afternoon, overtly predicting a “new
and very long bull market for gold.” I mean, this is the Cartel’s
“Managing Director” saying this – from, no less, its “Global Head of Fixed
Income, Currencies, and Commodities!”
Yes, I know. Perhaps they have an “angle” to trick people into
believing they have changed their stripes. And perhaps, said “Global
Head of Fixed Income, Currencies, and Commodities” doesn’t require compliance
review of her comments – but is instead, speaking off the cuff. But
frankly, as Mona Lisa Vito – i.e, Marisa Tomei’s character in My Cousin
Vinnie – so eloquently stated in court, such defenses don’t hold water.
Particularly if, per Ted Butler’s analysis, JP Morgan has in fact built the
world’s largest physical silver position – and who knows how much gold as
well. In other words, there’s not a chance in hell they’d allow one of
their top analysts to spout such provocatively bullish comments about its mortal
enemy in the currency wars – unless they, like Goldman Sachs, weren’t,
like rats on a sinking ship, “scurrying for the exits.”
And by the way, it wasn’t a singular, flippant comment; but instead, a an
all-out barrage of violently pro-gold statements – on a CNBC interview, no
less – such as…
- “With so many negative interest rate policies around
the world, gold will continue to be bought as an alternative currency.”
- “With expectations that investors will seek to hedge
against volatility, gold will be attractive in a world where bonds may
cease to be the main risk-off asset.”
- “Central Banks may consider diversifying their
reserves [as they anticipate] negative rates on existing holdings.”
- “Gold is a great portfolio hedge in an environment
where sovereign bonds yields are historically low.”
- “As a non-yielding asset with a minimal storage cost,
it actually has a positive carry relative to negative-yielding assets.”
- “$1,400 is very much in the cards this year.”
I mean, these are some major Cartel-damning statements, coming from the
Cartel’s de facto leader; which frankly, could just as easily have
been written by the Miles Franklin Blog! Which I assure you, is
no accident – as whether they like it or not (they don’t), gold is in the
early stages of the “very long” bull market JP Morgan suggests. And,
like Goldman Sachs, the last thing they want is to be publicly seen as
bearish, as prices of gold, silver, and platinum soar to unprecedented
levels. To wit, I last week wrote of how “manipulation
is going mainstream, as the powers that be turn on each other.” And
no better example of such rats “scurrying for the exits” can be seen
than here. Which, given the political, economic, and social firestorm
that’s rapidly spreading across the globe, should be viewed as a blaring red
signal for you to protect yourself with real money, whilst you still
can!
P.S. Oh yeah, don’t said “commercials” have RECORD-HIGH NAKED SHORT
POSITIONS IN COMEX GOLD AND SILVER? Gee, I wonder if my
“contrarian” views that the “COTs no longer matter,”
or that I shouldn’t be “scared half to
death,” as “it’s
the ‘commericals’ that should be scared,” “hold any water” as well.
