“I see the “Black Friday effect” has brought in a dead-cat bounce in the PPT-inspired Dow, which continues to rise while gold, which had been mercilessly mauled in the past week, somehow is stuck right at the top of its prescribed 2% daily appreciation gap. So we should get at least a day’s respite from market hell, as Goldman, JPM et al plot how to push the Dow up for another month so they can book “record bonuses” despite having LOST money for much of the year.” – Ranting Andy
QUOTE OF THE YEAR
Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves– Norm Franz, “Money and Wealth in the New Millennium”
Gold has jumped $29.50 an ounce to $1,744.90 by 9:00 a.m., NY time. Silver is back over $32 again at 32.38. I am looking for a strong December and this might just be the kick-off.
Ranting Andy Hoffman has just released his latest essay that documents the Cartel’s manipulation of gold. It is titled COMEX GOLD MANIPULATION PICTORIAL #3, FALL 2011 EDITION. Click on it to read the entire essay.
Here is the Conclusion from Andy’s essay – a must read for students of market manipulation.
This is the third installment of the “COMEX GOLD MANIPULATION PICTORIAL” series documenting the round-the-clock, blatant manipulation of PAPER gold prices, particularly during New York COMEX trading hours. The first two pieces, published in June 2011, document every day from July 2010 through June 2011, while this piece focuses on September 2011 through November 2011.
As with the prior two pieces, I downloaded all graphs chronologically and wrote in a like fashion, with no preconceived notions or attempts to “data mine.” The pictures tell a clear story, and I strongly believe that if these documents were presented to an unprejudiced judge, jury, or Commodity Futures Trading Commission Board, the Cartel would be declared GUILTY within minutes of the case’s conclusion.
I was able to put together these pieces so efficiently due to a decade of experience watching the Cartel attack PAPER precious metals prices from Sunday night through Friday afternoon, and am sure future charts will demonstrate the same suppressive patterns – particularly at 3:00 AM EST, 8:20 AM EST, 10:00 AM EST, and 12:00 PM EST – until the Cartel is eventually BROKEN by the same explosive forces of PHYSICAL demand that destroyed the London Gold Pool in March 1968.
Unfortunately, when it happens this time around – which I confidently forecast in the next 12-18 months, the global financial system will collapse simultaneously, yielding a scary, “post-dollar world” fraught with hyperinflation, totalitarian government, poverty, and war.
No one knows EXACTLY how things will transpire, but living by the mantra “hope for the best, but prepare for the worst” would appear a wise choice at this point. Hopefully these three reports will convince you that “official” gold and silver prices traded in PAPER markets do not reflect reality, but are instead a façade created by TPTB to alter your PERCEPTION of the dire state of the global financial system.
If this is the case, I pray you EMPOWER yourself to overcome the fears brainwashed into your psyche over 40 years of government propaganda, and subsequently take the vital step of trading in your rapidly depreciating dollars, pounds, euros, and yen for history’s only REAL MONEY, PHYSICAL GOLD and SILVER!
For those of you who just read my introduction, I suggest that you read this interview with Shadowstats own John Williams in our archived daily.
I can tell you for a fact that Andy Hoffman, Andy Schectman and David Schectman do as we say. We put all of our extra dollars into gold and silver. My father and my father-in-law were both insurance salesmen. Strange as it may seem, neither had any life insurance when they died. I always was amazed by that since I could never sell something that I didn’t believe in enough to own myself.
I have been accumulating physical gold and silver since I first started in this industry in 1983. My purchases slowed down during the 90s but I made a conscious decision to invest all extra dollars into gold, silver and mining shares by 2001. Next to convincing Susan to spend her life with me nearly 50 years ago, it was the smartest thing I ever did. I will continue to “add ounces to the pile” until this bull market is over but that’s not for quite a while. My philosophy is not about investing, it is about capital preservation. If you follow my advice, you too can isolate yourself from any financial crisis. You will notice that John Williams has the same philosophy and expresses it in his interview in today’s daily. He says hyperinflation is coming and preserving your Dollar buying power is the most important thing you can do.