Wednesday, May 29, 2013

BEATEN LIKE A DOG

Gold trader
Paper gold traders and especially paper gold and silver miner traders feel like the picture above. They're supposed to. They're in a sector whose headline price threatens the very system that owns the casino. Let the free market price of gold reveal itself and the fiat ponzi collapses. They system knows this and must protect the illusion that the currency is not being debased. Now having said how important it is to control this price one needs to consider this. There IS a limit to how long this game of paper shorting gold can go......and that is the loss of physical to the "strong hands". These hands are not going to be relinquishing the actual physical metal just because the price suddenly drops another 5 or 10%....in fact the ponzi discovered that accelerated buying of physical occurred with the last breakdown in price and has only slightly pulled back over the last few weeks.... So you see, the law of unintended consequences doesn't always work against the "little people" IF they took advantage of the silver and gold paper price dump over the past few weeks. 

Now for the miners.......money boyz are still accumulating and exiting shorts selectively.....the only problem is there are no weak hands to shake now so a lot of shorts in the fast money speculative crowd are trapped in their shorts. As stated here many times over the last year THIS IS A CROWDED TRADE......but its a lot less crowded now......OUCH (how I know). BUT here in lies a problem. We have some very stubborn leaves that did NOT shake off the tree. The game was to shake out as many weak hands from a very crowded trade and even though everything including the kitchen sink was thrown at the sector, many of the expected weak hands have NOT turned loose of their shares .....The expected capitulatory volume never materialized even though the market makers crushed the prices on most of the miners to force the shares into the strong hands of the cartel.......CAN THEY SHAKE OUT MORE SHARES???  Stay tuned, but time is running out on this game. You have a very interesting game developing. If you can't cover your shorts then your going to reap the wind. gl boyz













67 comments:

  1. Teacher Punished for Telling Students About Constitutional Rights

    http://radio.foxnews.com/toddstarnes/top-stories/teacher-punished-for-telling-students-about-constitutional-rights.html

    What is happening to America? This is depressing.

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    1. Jay...about 4 years ago I spoke with an individual that informed me of a conversation between two individuals within a well known agency of the U.S. ....The gist of the conversation (after an hour of drinks) was the ENTIRE U.S.A. had been taken over by a foreign entity ( if you don't know who this entity is by now then shame on you).... a quote in the conversation was "and we did it without putting a tank in any city square" ......hehehehehehe ....guess what Jay....that was 1967!!!

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    2. I will venture a guess...

      Saudi Arabia

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    3. I know many might say Israel but I think otherwise.

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    4. This helps you get started but to understand it fully your need to extrapolate to the very limited group of trillionaires (thats right...trillionaires) that own through holding companies the largest corporations. Chomsky knows this very well....and refers only to the multinationals.

      http://truth-out.org/opinion/item/14373-noam-chomsky-who-owns-the-world

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    5. also I said "agency"....the "functional" arm "one of many" for the cabal.

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  2. http://srsroccoreport.com/gold-silver-maple-leaf-sales-increase-in-a-big-way-2/gold-silver-maple-leaf-sales-increase-in-a-big-way-2/

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  3. Everyday that passes now is resulting in more physical metal leaving the West.....it is NOT an endless process...this is what Nature's law is about....the increasing mining costs and loss recoverable deposits will ultimately end in a tremendous price move......imminently the ponzi must pull the trigger on prices. How and when is moving inexorably to its natural conclusion....PAY NO ATTENTION to daily price moves if you're rattled.....turn off the MSM and enjoy life.

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  4. look at the miners run, they seem to have legs!! let's see if my stupid patience will pay off. good luck everyone

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  5. The boyz need to hold these down for a bit longer for me. Augh! :)

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  6. Much to my dismay and stupidity, have been holding thru thick 'n thin...cost me about $200K so far. Only sold JAG quite a while ago..even holding PAL which is a pos. Here are some good charts: http://news.goldseek.com/GoldSeek/1369923060.php

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  7. Gold is skyrocketing!!!

    Gold
    1,414.60
    22.80
    +1.64%

    Anyone know the next upward resistance levels?

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    Replies
    1. 1500 is the battleground now

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    2. Good I've been busy taking advantage of the drop in the APMEX preimums :)

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  8. you folks should like this..
    someone is moving money into ISR..

    http://bullmarketthinking.com/soros-reports-over-239mm-in-gold-positions-buys-25mm-in-call-options-on-juniors/

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  9. Agency = CI*

    "Foreign Entity"--are you referring to a Sovereign Country?

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  10. no sovereign country...think of the pyramid on the currency...they pyramid is symbolic for the "top" of the top....a very few families....some you recognize some you may not that for hundreds of years have ruled the world.....they are consolidating their power and trying to organize the countries into a more central command an control....through various entities including the CFR, Bilderbergs, G20, European Union, etc. The USA is just an enforcement arm now and the military is cannon fodder for whatever is the "next step".....think of it as "technocratic"control just like Europe is now

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  11. http://www.thecommentator.com/article/3644/britain_wants_its_guns_back

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  12. if a turd like GPL is climbing out of the shitter, then this miner rally may have legs.

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  13. OK,...I know what you mean. But that pyramid may contain American people/families--so not entirely foreign.

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    1. yes.....but they have NO allegiance to America or for that matter ANY individual country....its a very small club and as Carlin said "YOU ain't in it"......their interests are for their own perpetuation and retention of power and control...They play a geopolitical game of chess with their moves decades in advance.....they have 5 year 10 year 20 year 40 year and 100 year plans....their power is enhanced by the shadow presence and compartmentalization of their 2nd and third tier players....people like our current administration and previous presidents are only puppets for them.....listen to "the speech that got John F Kennedy assassinated".......he describes it all.

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    2. KLI: Can you post a youtube link to this: "the speech that got John F Kennedy assassinated" Thanks.

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    3. http://www.youtube.com/watch?v=GR5m1-5ksj0

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  14. wealthcycles.com / By The WealthCycles Staff / May 29, 2013

    The European Commission, a group self-tasked with herding cats, has proclaimed the end of “austerity” in the Eurozone for governments, granted citizens will surely continue to feel quite austere. But what does this mean for Europeans and their economy moving forward?

    Before we dive into it, we would add that absolutely no austerity was obtained in any EZ national budget, except perhaps where it was forced by plummeting tax receipts as a result of all-out economic collapse (Greece). See: What Austerity Measures?

    Here were the Commission’s proclamations on deficits:

    EU EXTENDS DEFICIT DEADLINE FOR POLAND TO 2014
    EU EXTENDS DEFICIT DEADLINE FOR SLOVENIA TO 2015
    EU EXTENDS DEFICIT DEADLINE FOR PORTUGAL TO 2015
    EU EXTENDS DEFICIT DEADLINE FOR NETHERLANDS TO 2014
    EU EXTENDS DEFICIT DEADLINE FOR SPAIN UNTIL 2016
    EU RECOMMENDS LIFTING DEFICIT REGIME FOR ROMANIA, LITHUANIA
    EU RECOMMENDS LIFTING EXCESSIVE-DEFICIT REGIME FOR ITALY
    EU SAYS 20 STATES CURRENTLY UNDER EXCESSIVE-DEFICIT PROCEDURES
    The “deadlines” the EU speaks of is simply a sliding target for lowering its annual deficit so it totals “only” 3% of 60% of its respective economies (GDP).

    We would add this target should be a 3% surplus; otherwise, we’re getting poorer.

    This idea of collateral creation is grand, because the total amount of securitized subprime auto loans and overdue credit card bills to be pledged to the European Central Bank (ECB) is limited.

    Hence, the drive to create new “assets,” by encouraging nations to issue even more debt, as the partially nationalized banks of Europe do the same—issue more debt.

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  15. Reading Killing Kennedy now...no tanks, but quite a few assassinations, including 2 Kennedys, MLK and 1 resignation and 1 impeachment. The current admin. seems to be marching in lockstep with the "Plan". Including putting the IRS in charge of enforcing "affordable healthcare". NO country has this including England, European countries and Canada. Silver close was nasty, looks like a H&S on the chart whereas gold held up much better.

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  16. http://www.youtube.com/watch?v=GR5m1-5ksj0

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  17. from Leeb on KWN

    “The West is getting more and more desperate. I hate to say it, but I think we are fighting a losing battle. Gold is going to end up in the East, in China, Vietnam, and Singapore, and gold is going to be somewhere between $5,000 to $10,000.

    And the press has done such a good job in downplaying gold and talking people out of it. When you see things like this, Eric, it’s desperation. If there is anything that convinces me that gold and silver are going to go so much higher, it’s the kind of desperation you see on the part of the West to keep these metals down. To keep people from actually realizing that gold is actually a currency.

    From the BIS, to Warren Buffett, to bankers everywhere, they want the dollar to stay the reserve currency. It won’t. It can’t. Not in an economy that is decaying at the rate we are decaying.

    So my message to people that own gold and silver, I would continue to buy it. I would have a plan where you buy more each month. A 400 ton sale of gold is an act of utter desperation. Be prepared for an absolute explosion (in price). It’s a question of when, not whether.”

    Leeb also added: “The most important (government) number you can verify is median real income. The average 50th percentile household in this country (the US), how is that household doing? Well, I’ll tell you how that household is doing.

    Since the beginning of this century that household, in real (median income) terms, is down about 10%. The greatest fall since the Industrial Revolution began in terms of real median incomes. That’s a number that probably exceeds the fall in real incomes that we saw during the depression. All of these (types of) things puts the US in a box, and it’s going to make people less willing to accept the dollar.

    In the meantime, every time you see a big drop in gold, the people smart enough to buy it are the people you want to bet on. In this case, those people are the Chinese.”

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  18. KLI: I've never heard that speech by Kennedy. He was about to spill the beans about the Cabal so they had him killed?

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  19. Of interest...http://truthingold.blogspot.com/2013/05/look-ma-no-hands-so-much-for-housing.html

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  20. From above link..."stupid money" buying, I agree...http://www.zerohedge.com/news/2013-05-29/meanwhile-big-investors-quietly-slip-out-back-door-housing-stupid-money-jumps

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  21. In the comment section of one of the Keystone Speculator posts yesterday, there was some discussion about the Gold price. The comments were that although Gold could rally to 1500-1550, the correction is still not over. The price could still fall to 1200 range (maybe even 1000). They also referenced a Jim Rogers post that he also believes Gold's correction is not over and needs to fall further. He did not give a target price and no specific timelines were given.
    Of course, we don't know what the availablity & premium price for Gold will be if it falls to 1000-1200.

    http://blogs.marketwatch.com/thetell/2013/05/31/jim-rogers-gold-needs-to-get-scary-and-bernanke-needs-to-quit/

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  22. reality sucks - - Real per capita disposable incomes took a major hit, and it would appear that consumers had to dip into savings to sustain spending levels in the face of the January increase in FICA taxes. The astonishing annualized contraction of real per capita disposable income bears repeating: -9.03% -- a full percent and a half worse than the -7.52% contraction rate recorded in the first quarter of 2009 (the worst quarterly contraction recorded during the official duration of the "Great Recession").

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    Replies
    1. impressive inlet.....of course WE are NOT supposed to see that.....consider this also.....these statistics are massaged...the real stats are even worse.....THIS is what they saw several months ago when they hastily instituted QE3 and within DAYS QE to INFINITY....now they have the audacity to bullshit the peeps with their jawboning about pulling back on QE....WHEN AND IF they do it will be the greatest sucking sound you've ever heard as the bugs try to get out through a VERY tiny door......of course, the money boyz will be picking up the deflated assets at a few pennies on the dollar .....wash rinse repeat.....and the peeps never get it

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    2. Wow....and now SS runs out in 2033...I'm buying some more silver...I'm thinking the flu's on both sides of the world right now are going to be much like the spanish influenza...

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  23. Seems like 1+% daily swings in gold are becoming the norm.

    Gold
    1,392.50
    -19.50
    -1.38%

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    Replies
    1. Miners look corrective only....monday will be the tell.....important to take gold and close it below 1400....gives them a chance to rip it down again.....only problem with that is a lot of bullion buys in the East are waiting for them

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  24. They cannot have a monthly close above 1400...it just wouldn't look right. IRS is an enormous story, more police state. Wait till you cannot get any "healthcare" unless you make certain "donations". It's the Chicago way.

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    1. Sister: Did you see this? Rate Shock: In California, Obamacare To Increase Individual Health Insurance Premiums By 64-146%


      http://www.forbes.com/sites/theapothecary/2013/05/30/rate-shock-in-california-obamacare-to-increase-individual-insurance-premiums-by-64-146/


      I thought that Obamacare was supposed to be the "affordable" healthcare act. Talk about an epic backfire.

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    2. Never was about affordable healthcare it was designed to drive the entire system to single payer system ie: Government command and control.... Screw it up enough till the peeps beg for the Gubermemt to fix what they messed up in the first place...... Sis was correct better make those donations to the correct party now!

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  25. Jay- Sadly, Californians will continue to support this travesty. I lived in Chicago for 10 yrs. and know for a fact that one could not do business without making the "correct" political contributions. And that was 30 yrs. ago.

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  26. the 10 yr yield ris is causing issues for BB's grand home price fixing experiment, expect correction soon....

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    Replies
    1. I should have said expect correction real soon..verbs and adjectives always throw me off...

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  27. Police State..... Now now your wearing your tin foil hat again!

    http://www.ibtimes.com/secret-court-document-finds-spy-techniques-unconstitutional-justice-department-fights-keep-it-hidden

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    Replies
    1. just announced...
      http://blogs.marketwatch.com/thetell/2013/05/31/federal-judge-in-sf-rules-google-has-to-comply-with-secret-no-warrant-demands-for-user-data-report/

      the constitution will be replaced at the same time we lose reserve status...stuff is gaining speed...

      be sure to watch the pomo schedule release at 3est....could be good for some fireworks if more sales and less pomo...

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    2. Guess the DOJ didn't like the first result so they are suing again.....

      If at first you don't succeed......

      http://www.cnet.com/news/justice-department-tries-to-force-google-to-hand-over-user-data/57587005

      Constitution what DAT?

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  28. Sister - sounds like if you smoke, are overweight, have high cholestrol, etc. they can tack a surcharge on your insurance. At some point the insurance costs more than direct pay (or it is cheaper to go bankrupt).

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    Replies
    1. And how will they find out if you smoke or not?? Smoking histories were one of the first things we were asked to report as part of our "Meaningful Use (MU)" Quality reporting data/Electronic Medical Records. ICD-9 codes (diagnosis codes) have been sent to insurance companies for years. Height, weight, & BMI are all being sent electronically now as part of MU.

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  29. Doc - they know you smoke the same way they test for cholesterol - nicotine in the blood. Nearly every employer requires blood tests now for drug screening - so they got you!!!

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    Replies
    1. Inlet,
      I don't know just what blood tests a typical employer might use. But Yes, you can measure for "nicotine" in the blood via Cotinine. Cotinine is commonly measured when someone goes for Life Insurance to see if they might be a smoker. Here is a reference.

      http://en.wikipedia.org/wiki/Cotinine

      But what I was stating was that anyone (young/old, employed/not employed) has information gathered via Electronic Medical Records (EMR) that is being reported when someone goes for health care.

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  30. from a ZH poster Bank guy in Brussels regarding Turkey riots

    Actually there are a lot of guns in Turkey

    There is a classic saying among Turks that every man needs 3 things ... a wife, a gun and a horse. Nowadays, an automobile substitutes for a horse, but marriage and guns are still very popular

    Americans always think they are the only ones with guns ... and aren't noticing how easily the US regime has been confiscating guns in their 'tests', in New Orleans after Katrina, this year in Boston with the bombings, and via all those new US laws on who can own (confiscating guns from military veterans who have had psychological help, for example)

    ---

    Privately owned guns in Europe are in the tens of millions

    We have shooting clubs here in Brussels, where people like myself enjoy shooting .45 pistols etc. - Great American gun designer John Browning died in Belgium, while working on manufacturing guns here

    In our little Belgium: 2 million civilian privately owned handguns, shotguns, rifles

    Germany has 25 million civilian privately owned handguns, shotguns, rifles

    France: 19 million civilian privately owned handguns, shotguns, rifles ... And so on.

    We do not carry them around, or have as high gun ownership rates as in the US, but we have enough.

    Yes, the crazy UK Brits confiscated all privately owned handguns in the 1990s - But they are extremists, suffering from the Anglo-American over-legalism disease.

    It is not like that on the Continent. Here we know the Nazis can come back, older people here still remember the last time the Nazis were occupying when they were children

    Facts of gun ownership and policies in countries around the world:
    http://www.gunpolicy.org/

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  31. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/5/31_Sprott_-_This_Is_Why_There_Is_Such_A_Massive_Shortage_Of_Gold.html

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  32. http://www.youtube.com/watch?feature=player_embedded&v=ayHKDgWfgfA#!

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  33. this is a real hero and why ALL of us should be ashamed

    http://blogdogcicle.blogspot.com/2013/05/the-truthseeker-manning-nobel-peace.html

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  34. Yes, real heroes do exist but in reality who wants to be subjected to what he has? It looks like the Fed is planning to purchase approximately $45 Bil.in June. Is this a huge drop from the $85 Bil? What am I missing? Thanks.

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    1. The other 40 is in MBS purchases...right now ben needs flight to safety to get 10 yr down or his experiment is all for not...too early for rate rise..

      thus sell off commencing..

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    2. It takes courage and moral character for the greater good, along with disregard for the id or self.

      As for the current domestic military and security forces have devolved to being foreign cabal mercenaries who kill civilians both at home and abroad and rape their own.

      They will still hold control as long as the populace is drugged and entertained or they keep the S&P above 1028 and Alpo on the table.

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    3. seems "conspiratorial".... {:-)

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  35. Was afraid, but just looked: Barely green, but green nevertheless: RIC, GPL and SVM! Not sure how that is possible on this day.

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    Replies
    1. its called trying to sneak in an accumulate on low volume......easy to suppress prices on low volume BUT NOT easy to accumulate real shares without price appreciation.......

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  36. Sister - I believe the $45B is mortgage securities, then there is $40b of treasury securities, and replacing bonds etc. that matures (over $20B I believe). So don't get your hopes up.

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  37. Thanks Guys, clicked on the MBS tab and saw that. They'd better get crackin' and buy or the housing "recovery" will implode. Just heard Harry Dent interview & he says top will be June-August. And stay out until 2015, then another crash comes in '17.Also under no circumstances buy real estate. ITMS on the other hand, says top was 5/22 adding credence to "sell in May" in spite of their protestations.

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  38. Does Turkey have a lot of gold? Or are they involved in any scheme that has to do with gold? Looks like they might be next, unless these protests fizzle out soon. And nasty stuff going on in Frankfurt as well. Celente may have been off by a year in his predictions of worldwide protests and civil unrest. It may be summer '13, instead of '12.

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    1. Turkey is part of the Cabal....it is integral to the US with important air bases including bases for the B-2 strike force....BUT the people know this and are becoming increasingly distressed with this alliance. I don't see the benefit to the Cabal to let Turkey fall so just as in Bahrain I would expect a heavy handed response to civil unrest. BUT the Turkish population is much larger and more diverse so the outcome is not as predictable as Bahrain's......Your question regarding gold DOES bear attention and it may very well be a target. Without getting into what is more important to the Cabal lets just say they can indeed have their cake and eat it too in this case....stay tuned.

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    2. Here's some pics regarding the above protest impressive numbers gathered from these few picks so the question is is this really about bulldozin a park to be replaced by a shopping mall or have the folks of Turkey had enough with an authoritative Government

      http://www.heavy.com/news/2013/05/turkey-riots-photos-pics-twitter/

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  39. Hello everyone,

    Charles Nenner was on the Financial Sense News Hour this week.
    Some comments he made:
    1) The market has probably seen the high for the year (he had approx. 1700 as the high).
    2) Short term correction coming--as long as S&P doesn't fall below 1600, the market will be OK.
    3) Still reasonable to buy dividend paying stocks (3-4% yield) and then sell deep in the money 1/2015 calls for added income. My note: keeps your money in the casino for quite awhile
    4) Gold will bottom in the middle of June and he has a target of 1285. So, if it is the middle of June and Gold is around 1285--then buy. If it is the middle of June and gold is at a different price--he would still consider buying, since he has the cycle low occurring in the middle of June.
    5) Get out of Bond Funds (This has been a common theme on the Financial Sense show).
    6) He is concerned too many are buying into dividend stocks, but still made comment #3 above.
    7) US dollar will strengthen towards the end of the year, but then will get weak in 2014.
    8) Interest rates will rise and could rise significantly (Greece was mentioned).

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    1. If we get any near term spikes in interest rates then its temporary to create a speculative slowdown an reinforce there is an exit policy.....but there is not. IF they actually are increasing interest rates ie...stopping monetization in a SERIOUS manner ala VOLKERISM....then turn out the lights its absolute depression on the way....and they just MIGHT

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  40. "Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked, ‘Account overdrawn.’"
    –Ayn Rand

    Posted at Jim Sinclair's web site. Ayn Rand was way ahead of her time. Everyone should post this somewhere close (on your desk) so as not to forget these principles in these times of turbulence and deceit. For if you forget, your investments will be part of the dust that this counterfeit paper will eventually turn in to.

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