gunDriller
6th June 2012, 01:51 PM
Yeah, I know, inside the minds of people like Ben Bernanke & bankster buddies ... Blankfein, Silverstein, etc. - it's just not a place you want to be.
But, I am curious what you think is inside Ben's Mind, viz a viz the US gov. 'Strong Dollar Policy' ?
I ask because I have never seen so many Precious Metal raids as we've had since April 2011. In 2008, sure, they beat the price of silver from $20 down to $10 (if you were willing to buy a 1000 ounce bar), but I don't remember the raids being so sustained, week after week, month after month.
And so I wonder, why ?
I'll tell you what I think is the Big Goal - keeping Gold from getting a 2-handle (as in $2000+) after the next monetary fix is announced.
I think, that is the big strategy that is behind the raids in Au. I don't know what the price target is for silver, but I would bet money that that is the goal for 2012 - to keep gold from going higher than the $1900's.
So the raid we saw today, an afternoon 'sale' knocking Gold from $1640 to $1610 (briefly) ... this is all pre-QE3 positioning.
Obama's re-election depends on not having the appearance of a Second Recession (side-stepping the fact that the US is 4 years into a deep economic Depression). So they have to Goose the Economy - NO WAY AROUND IT.
So this is Ben's Plan -
1 ) They have to have a Fed meeting earlier in the summer to say, "OK, this is what we are doing to help you poor Gentiles". They may not call it QE3 but I think it will be more than Twist.
2 ) They have to keep the US $ looking strong - they have to keep the US $ Con Game going.
If I was Ben I would be slightly tricky. I might let the June FOMC meeting come and go with no QE3 announcement. Then have my HSBC & JP Morgan collaborators HAMMER Gold, back down to the $1500's. Then make the announcement of a QE3-like program, in late June/ early July or something.
I think, if they weren't going to announce another QE-type stimulus, there would be no need to do the 6 months of raids we have been seeing. Deductively, I think the raids from December 2011 to June 2012 are signatures of a plan to start another QE-type stimulus.
If they were NOT going to do QE3, why would they find it necessary to have all these raids ?
Anyway, that's what I think is inside Ben's mind.
But, I am curious what you think is inside Ben's Mind, viz a viz the US gov. 'Strong Dollar Policy' ?
I ask because I have never seen so many Precious Metal raids as we've had since April 2011. In 2008, sure, they beat the price of silver from $20 down to $10 (if you were willing to buy a 1000 ounce bar), but I don't remember the raids being so sustained, week after week, month after month.
And so I wonder, why ?
I'll tell you what I think is the Big Goal - keeping Gold from getting a 2-handle (as in $2000+) after the next monetary fix is announced.
I think, that is the big strategy that is behind the raids in Au. I don't know what the price target is for silver, but I would bet money that that is the goal for 2012 - to keep gold from going higher than the $1900's.
So the raid we saw today, an afternoon 'sale' knocking Gold from $1640 to $1610 (briefly) ... this is all pre-QE3 positioning.
Obama's re-election depends on not having the appearance of a Second Recession (side-stepping the fact that the US is 4 years into a deep economic Depression). So they have to Goose the Economy - NO WAY AROUND IT.
So this is Ben's Plan -
1 ) They have to have a Fed meeting earlier in the summer to say, "OK, this is what we are doing to help you poor Gentiles". They may not call it QE3 but I think it will be more than Twist.
2 ) They have to keep the US $ looking strong - they have to keep the US $ Con Game going.
If I was Ben I would be slightly tricky. I might let the June FOMC meeting come and go with no QE3 announcement. Then have my HSBC & JP Morgan collaborators HAMMER Gold, back down to the $1500's. Then make the announcement of a QE3-like program, in late June/ early July or something.
I think, if they weren't going to announce another QE-type stimulus, there would be no need to do the 6 months of raids we have been seeing. Deductively, I think the raids from December 2011 to June 2012 are signatures of a plan to start another QE-type stimulus.
If they were NOT going to do QE3, why would they find it necessary to have all these raids ?
Anyway, that's what I think is inside Ben's mind.