Archive - Aug 3, 2014 - Blog entry

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Dispassionate, non-conspiratorial rant , fact-based high level discussion of the sigificant drivers of the week ahead.

The summer months frequently see seasonal weakness as has been the case in recent years and since gold became a traded market in 1971. Gold and silver often see periods of weakness in the summer doldrum months of May, June and July.

U.S. Busted Faking Satellite Photographs In Both Iraq Wars

Ten times a year, once a month except in August and October, a small group of well dressed men arrives in Basel, Switzerland.  Carrying elegant overnight bags and stylish brief cases, they discreetly check into the Euler Hotel, across from the railroad station. They come to this quiet city from places as disparate as Tokyo, Paris, Brasilia, London, and Washington, D.C., for the regular meeting of the most exclusive, secretive, and powerful supranational club in the world.

The gold price manipulation scheme will go down as the biggest financial market scandal in US history for numerous reasons. They include the destruction of the free market system in the United States.