As readers know well, I “pull no punches” when discussing the PROPAGANDA, MISINFORMATION, and FEARMONGERING we face when attempting to PROTECT ourselves from the horrific ramifications of four decades of MONEY PRINTING gone bad. Thus, I have no problem personally calling out “SELLOUTS!”; even in dedicated RANTS like “I DESPISE MARTIN ARMSTRONG.”
Moreover, one of the key themes I have written of is “THE WORSE THINGS GET, THE THICKER THE PROPAGANDA.” And when I say “worse,” I mean both the state of the economy and the price of PMs. In other words, the more the economy deteriorates, the more the MSM blare the siren call of “recovery”; and the more PMs decline, the more “GOLD BASHING MYTHOLOGY” must be refuted. Such mistruths principally emanate from both REAL MONEY’s enemies; but sadly, from so-called “friends” as well – whom you can always identify by their calling card of being “short-term bearish, but long-term bullish.”
On that note, I have followed slimy “MAINSTREAM” portfolio managers like Bill Gross, Marc Faber, and Jim Rogers for the past decade. I wouldn’t trust them as far as I could throw them – as all three have agendas that involve ANYTHING BUT your best interests. Whether raising capital from unsuspecting “sheeple”; selling books to the uninformed masses; or garnering bookings on PROPAGANDA OUTLETS like CNBC, Bloomberg, and Reuters; these turncoats could not care less if you live or die. When I wrote “THEY WANT YOU DEAD!,” I was referring primarily to government entities focused solely on personal wealth and power. However, on a smaller scale, such commentary could certainly apply to these “financial sociopaths.”
At least Gross and Faber have in the recent past embraced the virtues of REAL MONEY; and in Faber’s case, perhaps even for the right reasons – i.e. inflation protection and “catastrophe insurance.” However, Rogers continues to confuse and mislead the public; partially for the above, nefarious reasons – but more so, as he has NO CLUE of what gold and silver represent, and turns his back on the obvious MANIPULATION that currently masks their values.
Rogers will constantly tell you he “believes” in gold – and that he’ll “buy more on weakness”; when in fact, he couldn’t be LYING more. He has always been a big fan of commodities, but NEVER Precious Metals. He essentially missed the ENTIRE run from 2000-2012; though likely he was in and out “for a trade” a handful of times. But rest assured, whenever PMs are rising, he’ll be the first person to tell CNBC how bullish he is. Just a typical Wall Street SCUM; with no conscious or morals, and an admittedly broad intellect that has unfortunately been “washed clean” by four decades of Wall Street pandering. And by the way, don’t forget how he made his name…
How did Jim Rogers become founder of the Quantum fund with George Soros?
Now, for the coup de grace, Mr. “long-term bullish” says we could see gold fall to $900/oz; although of course, he neglects to write of how he LOADED UP at last Fall’s top. In other words, for all the confidence he exudes from making money back when stock markets were freely traded in the 1970s, his commodity and PM trades have been MASSIVE losers in recent years. He may be smart, but he never understood gold; and apparently, has lost the ability to understand today’s more complex – and MANIPULATED – markets…
Soros and Rogers adding to precious metal positions – November 2012
By the way, his primary reason for being (short-term) PM bearish is ‘nothing ever rises for 12 straight years’; a fallacy that has no basis in reality, particularly when such gains are MASSIVELY muted by incessant government suppression. There’s no “rule” about how long – or much – a market can rise; and when it’s manipulated, such concepts are even more ridiculous…
Better yet, he cites the Indian government’s recent response to the ongoing “INDIAN IMPLOSION” – of raising gold import tariffs and restricting bank bullion sales – as a reason gold is likely to fall an additional 30% in price. Of course, he is entirely ignoring the “UNINTENDED (INDIAN) CONSEQUENCES” of such actions – such as soaring Indian silver demand; much less record PHYSICAL buying elsewhere, and the severe “PRECIOUS METALS SUPPLY CRUNCH” that said price suppression is creating.
Last but not least, he cites the need for “mystics” to be in “despair” before gold can bottom; as if simple sentiment measures matter in this completely managed market – or that economic law no longer applies…
“NO GOLD COMPANY WILL GENERATE FREE CASH FLOW AT CURRENT PRICES”
For one, PM sentiment is already at its lowest level in decades – amidst the most bullish imaginable fundamentals; so I’m not sure how much lower it could get. And as for “mystics” – which presumably would include me – we buy PHYSICAL PMs to PROTECT ourselves from what’s coming (and what is here now); NOT for short-term “bottoms” and “tops.” Thus, in addition to completely missing the point of PM ownership, he is scaring people out of doing what’s best for themselves –entirely in the name of personal wealth and power.
Remember, the “good, smart people” are very few in number; i.e., those that both speak the TRUTH and have your best interests at heart. Unfortunately “The King of MAINSTREAM SELLOUTS” fits neither description; and thus, you’d be better off ignoring him entirely.
Funny how you use the words propaganda, mis-information and fearmongering, particularly regarding Armstrong, who has so far been spot on in his calls on gold going lower. In fact those are precisely the words he uses for people like you, with conflicts of interest, lets face it you won’t make much money with miles franklin if you don’t sell gold and silver. Your permanently bullish, not to mention wrong, forecasts over the last several years betray you. I guess when you mean you ” Pull no punches” means you disregard the facts and merits of those far more experienced, not just in the gold market, but in markets in general and have been far more correct than any here. As Armstrong says, the permabulls are insisting they are right while the market is proving them wrong.
The dollar will remain strong for a year or two more yet, based on fundamentals, that you turn a blind eye to because it doesn’t fit your agenda or ideology .
So you pull no punches, but can you take them?
Jason, read my “I DESPISE MARTIN ARMSTRONG” RANT, for starters. Secondly, I was never sent to jail for financial fraud, as he was. Third, he has not been “right” about anything; as in a RIGGED market, his technical mumbo-jumbo is meaningless – and likely in free markets as well.
And finally, I have been with Miles Franklin for less than two years; but have been writing for FREE of why people must PROTECT themselves with PMs since 2003. Conflict of Interest, my arse. If you love that slime so much, you’re welcome to PAY for his worthless service.
Amen Andy!
Those two stooges Faber and Rogers have been bothering me for some time, and I couldn’t really put my finger on what it was with them. It seems that the obvious indicator is their regular MSM appearances, but also I have noticed that they vacillate in their opinions on gold, to an obviously ridiculous extent. My conclusion is that they are basically commodity traders, with no conviction when it comes to PMs. Like the old saying goes – “fair weather friends”. At least no-one can accuse you of that Andy.
Thanks for calling them out and giving us your, as always, honest and no holds barred opinion.
Markus,
You hit it right on the head.
Thx!
a
Bully for you, Andy.
Anyone with a high degree of knowledge of the PM market,
who doesn`t admit the manipulation, is a “sellout’ to the
system, or hopelessly deluded…In other words, A SELLOUT !
Thankfully, we have truth-tellers, like you…Making it
easier to identify the “snakes-in-the-grass” : )
I don`t need to say it, but, KEEP UP THE GOOD WORK !!!
& thanks…
Thanks Ron, much appreciated!
Andy, I, too, have been bothered by Rogers for some time. He says the same things over and over again, never making a real stand on anything, including metals manipulation. Thanks for bringing this to light.
Matt
Exactly, this is how people on Wall Street act!
Met Marc Faber by chance coming back from Thailand to Vancouver standing next to him in line at security. One of the most arrogant people I have ever encountered and he was none too impressed at the Hong Kong airport for not having some sort of special line for the more “important” travelers. When you say he doesn’t care about the average guy, it could not be truer just from observing his actions alone!!!
Thanks, that’s great info! I wouldn’t have expected any less.
a