With a global competition in currency debasements, with limitless monetary stimulus, with decreasing effects of monetary expansion, with a conscious infringement of the monetary rules, it should be clear that there is hardly a way back for our leaders. Given this outlook, we believe it is a matter of “when,” not “if” the next collapse occurs.
Although the mainstream financial media would have you believe otherwise, gold ETFs represent but one component of global demand. Nonetheless, the paper gold market, which also includes gold futures, remains highly influential in establishing the spot price and thus shaping public perception. Ultimately, the fundamentals will win out, and there is little reason to think that gold will not flourish when the consequences of burgeoning debt levels and currency debasement can no longer be kept at bay.
Speculators drive markets, not commercials. The fact that they are still net long overall concerns me in the sense that while bullishness towards gold is certainly on the wane, we have not yet seen a DISGUST with the metal that tends to make capitulation phases. Too many speak of capitulation in gold. How can that be when speculators remain as NET LONGS?
Based on cyclical analysis, technical analysis, fundamental analysis, and portfolio analysis, Petrov says the bottom for gold could be in already, but most likely will be behind us within one to seven months. That’s early to mid-2014, now rapidly approaching.
The latest campaign baseline is “Return Aussie Gold” initiated by an Australian volunteer. The “Return Aussie Gold” campaign site has a petition which should be signed by as much as possible people and returned as a hard copy in order to be valid.
The conclusion to be drawn is respect for the trend, clearly down. Where we have shown a positive “spin” on the character of price behavior at the current lows, that is still where price is, at the lows. One can not be bullish here by any stretch of the imagination. As to buying physical silver, we are likely looking at a price level that will not be revisited in the next few generations. Price may still go lower, to some degree, but what the Federal Reserve is doing to destroy the fiat currency and the economy makes asking the question of to buy physical or not a superfluous one.
I suspect 2013’s trend of extreme gold-ETF selling is reversing. It is certainly dramatically slowing, with global gold-ETF outflows down 71% sequentially between this year’s second and third quarters. GLD’s alone plummeted by 3/4ths! The main reason is selling exhaustion and the number of remaining weak hands waning. But an additional important major reason is the incredibly-toppy US stock markets.
Those who are buying, accumulating, and personally holding physical gold and silver stand the best chance for economic survival when and as the US “dollar” is devalued and the financial system collapses, or undergoes dramatic change.
So let’s summarize to get this straight: if you believe in a global economic recovery – buy silver. If you believe there isn’t an economic recovery and we will continue on ‘central bank’ life support – buy silver. A major new buyer has entered the market purchasing as much as 20% of the total world production this year for investment purposes – follow the money and add some silver. And to top it off, at the moment it costs more to produce silver than to purchase it.
Now as I look back over my life and watch the criminal mismanagement of our fine country along with the unbridled greed and corruption within the banking and political environment that has stolen our nation’s wealth, reduced over fifty million Americans to food stamps, eviscerated trillions in pension benefits for retirees, and eroded the US dollar’s purchasing power by over 98% in the last century, I realize it is now more necessary than ever for all our citizens to quit worrying about how to get rich fast and to concern themselves with saving whatever is left of their financial assets.
Today’s private-sector ADP Payrolls Report said 215,000 jobs were added in the US last month, against consensus forecasts of 173,000. Rising ahead of that number, used by some as an advance guide to Friday’s official US non-farm payrolls figures, gold had then fallen $5 per ounce before jumping 0.9% in volatile trade. Gold “[had] hit a fresh 5-month low in every session this week,” says the Reuters newswire.
Interlocking complicity produces a degree of stability as it helps maintain the status quo, which is very important to the powers-that-be. Interlocking complicity ensures that accountability, oversight, and ethical practices are low priorities, while payoffs and no-bid contracts will maintain their important role in government operations. Interlocking complicity ensures that little change will occur until it is forced upon us.
Why is the gold price dropping even though the dollar is losing value?
Gold Likely To Bottom Within One To Seven Months
Based on cyclical analysis, technical analysis, fundamental analysis, and portfolio analysis, Petrov says the bottom for gold could be in already, but most likely will be behind us within one to seven months. That’s early to mid-2014, now rapidly approaching.
Silver – Letting The Market Speak
The conclusion to be drawn is respect for the trend, clearly down. Where we have shown a positive “spin” on the character of price behavior at the current lows, that is still where price is, at the lows. One can not be bullish here by any stretch of the imagination. As to buying physical silver, we are likely looking at a price level that will not be revisited in the next few generations. Price may still go lower, to some degree, but what the Federal Reserve is doing to destroy the fiat currency and the economy makes asking the question of to buy physical or not a superfluous one.
Gold And Silver – Your Economical Survival Depends On Them
Those who are buying, accumulating, and personally holding physical gold and silver stand the best chance for economic survival when and as the US “dollar” is devalued and the financial system collapses, or undergoes dramatic change.
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Gold Investors Weekly Review – December 6th
In his weekly market review, Frank Holmes of the USFunds.com nicely summarizes for gold investors this week’s strengths, weaknesses, opportunities and threats in the gold market. The price of the yellow metal went lower after two consecutive weeks of gains. Gold closed the week at $1,229.05, which is $24.44 per ounce lower (1.95%). The NYSE Arca Gold Miners Index fell 7.01% on the week.
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