if you throw a party and no one comes? What happens if you tell the masses that "things" are getting better and they don't get better? What happens if you tell people housing is getting better but interest rates are going to go up just one percent and your buyers dry up overnight because they can't afford the monthly payments on a house they have no business buying in the first place? What happens when you keep running deficit government spending, while misallocating precious future resources to maintain the system that has put us on the edge of the financial cliff? What happens when you tell a public that we must invade another country for dubious reasons and NO one believes you, even though your media repeats your talking points incessantly for several weeks? What happens when you are told your economy is healing and jobs are being created and you find out that 90% of the jobs are part-time?
You get the point......people stop believing ANYTHING you tell them.......and then they stop buying the CON. In fact they lose CONfidence. This little word is what holds EVERYTHING together and it has been the target of a multitude of efforts made by the central planners. Without CONfidence we don't have a fiat based global currency system with the "dollar" as THE reserve currency. It allows us to purchase our natural resources abroad at amazingly low prices relative to what the dollar represents. The dollar is losing the battle and gold and silver ARE the canary in the coal mine that has to be controlled and not allowed to sing. Its why you are seeing articles regarding the inventory of the actual metals disappearing in the COMEX and bullion banks. They have to use actual bullion to prop up the manipulation and that bullion leaking East is NOT coming back. Its why Germany cannot get even a portion of their gold we have for SEVEN YEARS. Its all one big CON. Does it matter if its a CON if you can play the game with them and make money? That is a very dangerous game to play and one that most likely YOU lose in the end. After all, swimming with sharks usually results in the smallest shark becoming the bait. Right now the retail sharks are about gone and the small hedge sharks are close behind on the casualty list.
As many astute market watchers have duly noted we are entering into the end times of the game and this is where the game becomes very dangerous. Holders of physical metal will have the advantage and if the system somehow muddles through the miners will have monstrous moves up. Tomorrow will mark another milestone in the CONfidence game and they will paint a picture of an improving economy that is highlighted by the Fed's ability to taper....but of course that is just a picture that is being painted for the CON. We should see a significant pullback in the market soon, perhaps even tomorrow and as we noted a couple of months ago when the market pulled back, the miners started seeing inflows of cash. Enjoy the game and I will hopefully get to pop in over the next few days and may have a new post at the end of the week....gl and make sure to thank your masters for the past few years of "bread and circus"....I hope you used your time wisely.