Archive - Jul 23, 2013 - Blog entry

July 23 - Gold $1335.10 down $1.30 - Silver $20.25 down 25 cents "GET AFTER THEIR ASS!" … A Texas Football Coach GO GATA!

Exclusive Banzai7 image of Carlos Danger...

Yes we aluminium can...

Over 99% of “analysts” are missing this, but it is a fact. If you ignore the ridiculous GDP numbers (which even China’s Premiere has admitted are a joke in the past) and look at more accurate metrics, it’s clear China is collapsing at an alarming rate. Case in point, Electrical consumption rose by just 2.9% in the first quarter of this year.

Gold surged over 3% yesterday due to what appears to be have been significant short covering due to concerns about gold backwardation and the continual haemorrhaging of gold inventories from the COMEX.

Concerns about a default on the COMEX, once the preserve of a few observant market watchers, are becoming more widespread  as we appear to be witnessing a run on the highly leveraged bullion banking system.

Very robust physical demand from the Middle East, Asia and particularly China and a decline in the dollar also helped prices log their biggest one-day gain in over a year and their first close above $1,300 an ounce in nearly five weeks.

Gains in silver futures, meanwhile, outpaced gold’s rise, with silver surging 5%.

A report just out by Coutts (the private wealth-management bank) has pointed the wagging finger at British rich and famous, the millionaire’s club for not protecting their wealth enough.

Surplus capital used to be the understood as the primary challenge, but this fell out of favor.  This essay seeks to return it to the center of the narrative.  

Trends in motion tend to stay in motion. Monetary collapse is a near certainty, but here's one way to profit from crypto-currencies.