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Gold And Silver Are 'Not' Selling Off (Yet)
It's that time of day. Commodities exchanges are opening. And yet, today has a different feel to it. For some strange indiscernible reason, the incessant offer on gold and silver that appears every morning for most of the recent weeks has yet to appear. Did the central bankers get busted? Are too many people aware of the manipulation? Did a 3% drop in China spook them back at the margin? Who knows - its early yet...
Chart: Bloomberg
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Easy, it's because stocks are finally dropping. People go to gold. (and the silver premiums on Shanghai to London are above 4%)
Check out the performance table up top:
http://europeanpermanentportfolio.blogspot.be/
Single digit returns versus two and three digits on BTC. How amusing.
we few, we happy few, we band of silver holders . . .
Look, I like Jim Rickards and I miss his leggy-Lauren interviews on RT Capital Account, but… How come that he – of all people! – did not warn us of the Currency War scenario that is actually happening now: The Fed trashing Gold & Silver, to stave off any threats to the USD’s GRC (Global Reserve Currency) status? Even now he has not changed his ‘Gold-Going-Up’ mantra. You may redeem yourself by coming up with more likely scenarios to your ‘Gold-Going-Up’ mantra from here on in. Call me “Suspicious”. Wake up Rickards, and stop ogling at luscious-Lauren’s bodacious tah-tahs.
Apparently there was a delay today in gold sales due to the opening of secret vault 2 at the Vatican's secret gold hoard. Should be ready in time for tomorrow's smash down.