November 21 - Gold $1197.50 up $6.80 – Silver $16.40 up 26 cents Bill Cosby And GATA
"None are so hopelessly enslaved as those who falsely believe they are free." ... Goethe
GO GATA!
FIRST IT WAS THIS:
So, maybe it is: "Gentlemen, Start Your Engines." Ladies too. My friend Lois mentioned yesterday that the MIDAS headline might be a little sexist, but saying Ladies and Gentlemen sounded too much like a carnival line… besides that racing car uttering became famous well before Danica Patrick showed up.
For starters, both gold and silver opened lower last night than their prior Access Market closes … like clockwork. But then both surged when a surprise interest rate cut by China was announced … and European Central Bank president Mario Draghi on Friday reiterated the ECB will use all means within the ECB’s mandate to return the EU to its inflation target.
Stock markets responded favorably, taking off on that combo news. Gold and silver were not going to be left behind either, despite the option expiration on Monday and a higher dollar.
The Gold Cartel was not a happy camper this morning. Despite all the effort to prevent gold from staying above $1200, they failed. The same was true in silver, as it blew through $16.30 and held its gains. No two ways about it, a very positive day, especially since the investment world (public) remains so bearish or uninterested.
We got to first base. To get to second base gold must rocket through $1233, while silver needs to take out $17.60.
Gold managed to rise to $1208 this morning, but you can bet the bums will do all they can to take gold below $1200 on Monday. If they fail, it will be time to get out our ROCKETS!
This doesn’t happen too often. The AM Fix: $1193.25. The PM Fix shot up to $1203.75.
Back to the ROCKET theme for the day. THEY might have a lot more than just Café chutzpah to deal with. The gold open interest rose 8492 contracts to 468,051, which means it has risen easily over 100,000 contracts over the past months as the price has recovered. It would appear that some big players are going after this market … AND are getting their way over the objections of The Gold Cartel. This is the kind of power our side needs to make the bums' life miserable. IF gold can take out that $1233 plus level, it could go bonkers to the upside in short order.
AND THEN, FOR NO REASON, IT WAS THAT:
Oh, for crying out loud. The jerks have now wasted no time doing what they always do with their criminal enterprise. Gold just dropped to $1193 in minutes ... in a PLAN B operation following the physical market pricing for the day. Al Capone is smiling somewhere as $1200 is defended and the rich crooks keep more of their ill-gotten gains.
Well, at least gold did close higher, and more importantly, silver finished the day above its $16.30 nemesis level.
Little did I know last night, when preparing the next segment, that The Gold Cartel would do what they did today, in grotesque, egregious, and blatantly obvious fashion … and, of course, no one outside of the GATA camp will scream bloody murder but us. If nothing else, the timing was perfect…
There has been much commotion the last day or two about allegations of the coolest of the cool guys, Bill Cosby, being a serial rapist. The fact that 13 women, and growing, have said almost the exact same thing is no minor detail. The fact that he has gone silent about these serious charges is even worse, which is why the producers of his scheduled TV shows can’t run away from him fast enough. For those of us who grew up with this legend, who towered above his white compatriots of the day, this is more than profoundly disturbing.
Point of going here … it relates SO MUCH to the GATA story:
*Unlike most WAY back when, I lived with two black roommates … first at Cornell in 1968 and then with the football Patriots when living in Winthrop, Mass. They were so different and such good guys … them being "Zander," who became a prominent banker in Connecticut and "Mo," who worked with Eastman Kodak last I heard. It was at a time when the South was JUST allowing black athletes to play football for their teams, and I mean JUST. Boy how THOSE times have changed.
*In 1995 I lived in South Beach trying to figure out what I was going to do when I grew up. It just so happened to be the hottest testosterone place on the planet at the time with 2,000 models living in a couple square miles. Back then, real estate in Miami Beach was dirt cheap and ALL the modeling agencies were there doing their thing. The visual aspect of it all was unreal at the time. Course, because of all that, ALL has changed with property values going through the roof in Miami Beach and the model industry fading away for some time now.
I bring it up because that is where I met the most pleasant bartender, Erinn Cosby, who was dating one of the owners of a casual Italian spot, The Sports Café. Cheap food and drinks for South Beach, and a low key fun crowd. Never forget the blinds being closed and hushed tones when a big soccer match was on the tube. We chatted a lot but were never close. But Erin (daughter of Bill, of course) was very professional.
Here she is (six degrees of separation it is):
Anyway, Erinn was dating one of the Italian owners, who was a great guy. I thought it was so cool that a girl of her legendary background was chilling with a sharp guy, of different ethnic character/country, and enjoying her life … even though he was of such a different social scale. It was striking.
*Fast forward…
Home
Actress Says Bill Cosby Forced Oral Sex During 'Johnny Carson' Appearance
Actress Louisa Moritz
Cosby Forced Oral Sex
During Carson Appearance
Read more: http://www.tmz.com/2014/11/20/bill-cosby-forced-oral-se [9]
x-victim-jonny-carson-louisa-moritz/#ixzz3JfDlIhbH
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Yikes, that is what was I was going to get into re how this story relates to GATA, but that headline was not what I anticipated when first writing this last night.
OK, let’s get to the point of going through this exercise, which is as important as I have ever presented, and it is VERY easy to articulate…
*Bill Cosby, the icon of icons, the Temple football player, and one of my personal icons, appears to be a serial rapist. That notion is beyond comprehension, but there is no doubt that something rings a bell via his silence.
*What we are finally hearing is that it has taken some 45 years for the truth to come out about this alleged serial rapist because the free press refused to go there and pay attention to what some women were saying back then.
*It has now been 16 years since GATA has been railing about the rape of the gold and silver markets by another type of rich, powerful, and privileged … and no one in the sordid press will give us the time of day. The truth does not matter with these people.
*What it appears Cosby has done is revolting. And so is the rape of the gold and silver markets by The Gold Cartel. Bill Cosby has skated through his issues for nearly half a century and appears will now be paying the piper, at least to some degree. Many people now GET IT! But, it is not personal to many of us. When our financial markets blow up as a result of what the self-serving Gold Cartel has done, it will be more than personal. Maybe then the pathetic financial market press will be forced to give a devastated public some sort of account of what happened and why.
PS: If any of you care to do so, please send the above to the press. I will be most curious if anyone receives a response...
Quite the week is over and, now that the dust has cleared, it is good to focus on the positive, and not just gripe. Gold is last at $1201. Silver has risen to $16.46. Both not bad considering the strength of the dollar. There is a VERY good possibility for both precious metals to EXPLODE very soon. They have been held at artificially low prices for far too long.
GATA BE IN IT TO WIN IT!