gunDriller
25th August 2013, 10:41 AM
He sold 900,000 ounces of Gold at $810 back during the 1979-80 run-up.
He called the rise to $1650 back in about 2000.
Now he says it's up, up, up.
But the Financial PTB have demonstrated for several years that they are committed to using every resource at their disposal to maintain the illusion of the "Value" of the US $.
During the April 12 to June 30 price action, organizations like the Bank of England contributed 1300 tons.
Index fund redemptions because of the price fall gave up some more physical bullion to meet the huge deman.
But Bank of England has 5200 tons left.
Why wouldn't they kick in another 1000 tons, just to kick the ongoing rally in the teeth, perhaps at a time to coincide with a stock market crash ?
Also, we intermittently have news about softening demand for base metals in China (channel-stuffing in China). In the last few months, this has led to correlation between industrial metals (e.g. copper) and Silver (they track together).
Is the Cartel going to put their tail between their legs and let the US $ recede into the 70's on the USD index (another gauge that tracks inversely to PM prices 98% of the time.
http://www.bloomberg.com/quote/BDIY:IND
Anyway, Sinclair says it's Up and Away.
He called the rise to $1650 back in about 2000.
Now he says it's up, up, up.
But the Financial PTB have demonstrated for several years that they are committed to using every resource at their disposal to maintain the illusion of the "Value" of the US $.
During the April 12 to June 30 price action, organizations like the Bank of England contributed 1300 tons.
Index fund redemptions because of the price fall gave up some more physical bullion to meet the huge deman.
But Bank of England has 5200 tons left.
Why wouldn't they kick in another 1000 tons, just to kick the ongoing rally in the teeth, perhaps at a time to coincide with a stock market crash ?
Also, we intermittently have news about softening demand for base metals in China (channel-stuffing in China). In the last few months, this has led to correlation between industrial metals (e.g. copper) and Silver (they track together).
Is the Cartel going to put their tail between their legs and let the US $ recede into the 70's on the USD index (another gauge that tracks inversely to PM prices 98% of the time.
http://www.bloomberg.com/quote/BDIY:IND
Anyway, Sinclair says it's Up and Away.