Franklin Sanders, The Moneychanger
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The GOLD PRICE now has put its feet on the road to $1,000 again. Next week it must add to its gains, or melt back for more correction. That appears unlikely, given the astonishing strength this week.
Shortages of gold coins are worsening, delays stretching out. That also points toward higher prices. Once the gold price pierces US$1,000, it will swiftly move toward US$1,250, then US$1,600. Buy now.
The next big move in the market will be a huge gain by silver against gold. Recall that silver took a much worse hit than gold in the decline last fall, so silver has much ground to reclaim. It's easy to imagine silver in the upper 2000s or even lower 3000s this spring, or by year-end. Yep, I know it sounds crazy, but it will prove perfectly sane.
By announcing it would double its balance sheet for the second time in a twelvemonth & buy US debt, the Fed announced at the same time that the US dollar is dead, or at least, would soon be executed. The words were not lost on the markets, who knew what they meant. The US DOLLAR INDEX dropped 255 basis points, while the gold price shot up US$60.
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2 comments:
Hyperinflation and the crash of the Keynesian model could be in the offing soon if the Chinese drastically draw down.
http://tinyurl.com/da295v
mB
And why should they not draw down? They are feeling taken advantage of after Hillary's sales trip. Who is going to buy all the T-bills still to be released?
It's no joke though.. times could get really hard and the bulk of Americans still believe their own propaganda.
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