Sure, I've heard all the rumors of gold and silver's demise, and why not??? From the past one year's slaughter of this trade the voices of skeptics only grows louder. What ever happened to the past eleven years of gold and silver's move? Just an aberrant move? Why is actual physical gold and silver being bought in record amount while the U.S. mint has to shut down silver Eagle bullion coin sales? Answer it.
WHY is India doing everything it can to stop Indians from importing gold. BECAUSE THEY HAVE A BALANCE OF TRADE/PAYMENTS ISSUE? That is absurd..... It makes NO SENSE. What does make sense is the Western Central Banks are leaking gold bullion like a 57 Chevy leaked oil and they have a VERY heavy influence on what India tells one of the largest citizen buyers of physical gold in the world.
So I suppose massive bullion banks like ABN Amro telling clients publicly they must settle their bullion accounts in cash is a ruse to entice weak hands into the physical market....and when there are massive paper short sales during the weakest time periods of the precious metals market that is simply liquidation by some "weak hands" because THAT is when weak hand liquidate to obtain their best prices.
Can Bernanke continue to confound the precious metals trade? ABSOLUTELY!! That is exactly what he must do to protect the game of counterfeiting. Will it go on indefinitely as some seem to think? You know my opinion on that. There is one thing I am certain of with this game. Leopards never change their spots and rats WILL jump off of sinking ships. The fiat system runs on CONfidence and THAT train is leaving town fast. Bernanke NOT going to Jackson Hole is monumental....There is a breakdown inside the casino. Their top Faro dealer is leaving the table and he should have made his last bow at Wyoming.
I don't blame a soul for leaving the paper market and wish I had converted to physical and taken the tax losses/penalties in late 2011, but woulda coulda and shoulda are great predictors of losers so I'll stay with my strategy and hope that the system holds together.......but just remember....there has NEVER been an experiment REMOTELY resembling the mathematical model the boyz are trying to juggle. When the balls start to get dropped, it will happen fast and furious and you won't have time to move. gl