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Message: Re: ihub crooks

Apr 21, 2010 11:04PM

Apr 22, 2010 09:50AM

Apr 22, 2010 10:40AM

I am going t post the following on IH now. Let's see if they block it.

The following explains why we see a determined effort here and for most attractive JPMs

surreptitiously brought to bear to deter interest and investment in them, and to attempt to prevent a new wave of investors from becoming knowledgeable or invested in them.

The latest inflation adjusted price for gold at its 1980, $850 high is now equivalent to $1800/oz. We have a way to go to reach that level with gold at the $1100 mark….and to surpass it significantly over the next several years.

John Embry is calling for a $500 rise over the next 6 months and Jim Sinclair sees a “stratospheric” rise in gold through the end of May. Many other gold bulls have similar forecasts and postulate that we are only halfway trough a 20 year gold bull. Even Dennis Gartman, the gold bug hater, is changing his tone with expectations that gold will rise and that it is ever more being seen as a currency.

Of course, gold is a currency as we all know but many deny. Gold is inexorably opposed by the paper printing Fed. Central banks that rob the wealth of the populous via debasing currencies, easy debt and debilitating interest charges. Gold stands for the truth and the truth can not be tolerated. Thus on a daily basis, such as today we see the stomping foot of those paper bullies smashing the price of gold and silver ( and their stocks) by paper shorting in the futures markets. This pattern has been undeniable over four years as the average intraday price of gold has been hammered at the close of the London gold price fix and into the New York open (see chart at sharelynx.com thanks to Ed Steer posts). With public and private debt totally out of control and much more debt creation necessary, (see the treasury auction of $128 billion next week) the efforts to restrain gold and silver continually compound with the stakes growing exponentially and globally, creating unimaginable pressure on the desperate US and British cartels responsible.

We live in a new world with China, Russia and other developing and more stable economies that the US relies upon to keep buying its debt, now beginning to back off. The EU central banks no longer sell gold into the markets. Many world central banks, sovereign funds, governments, ETFs, hedge funds and wealthy individuals are now purchasing gold at an ever increasing pace. The “hidden shorter’s paper game” on the London and US Comex has now become old news globally and no one is fooling anyone.

So the end game is well along here and there are many theories as to how and when it will descend upon the world. James Turk has just written a paper that warns us that hyperinflation looms upon us. The ongoing decline in the purchasing power of the $US is hidden behind the drop in the overpriced US housing market and fudged CPI reports. The US Fed must print money in order that the Gov. can go on spending out of control. This becomes hyperinflationary…creating new dollars out of thin air and thus debasing every one of them. The US loan benefactors must ease out of the losing value of the US dollar and into the world’s only real currency, gold (and silver).

The opaque war to access and possess real gold and silver, for which the basics of supply and demand are now obvious and palpable, (which includes in-the-ground gold and silver), is heating up considerably. It’s a game of bluff that global interests and powers outside of the US and Britain now understand only too well. The con is to try to smother/slow the increase of the price of gold and silver in order to try to control its rise and in order for those offside ( massively and hopelessly short such as JP Morgan , HSBC ) to get out of their positions. That is probably not possible so the next best thing to do is default and offer debasing cash for all that promised gold (100 promises for every ounce held). The trick is to purchase as much gold and silver gingerly in order that the price does not go ballistic. Thus there is a somewhat tacit understanding in the game of global bluff but it is now a very dangerous game for the Cartel. One major default/event could blow the price up quickly. In order that the Cartels is not smitten by a sudden failure, we may soon see the next imminent leg up in PM prices if the Cartel decides to allow a rise and defend their position at a higher level, which some speculate is about the $1650 area. It could happen quickly over the next few months.

This brings us back to the JPMs that are being suppressed by the Cartel above mentioned and hence the problems with the managed prices of the

miners/explorers/producers/developers. The Cartel cannot allow the JPMs to explode so they must short and counterfeit short them to illegally suppress their value, potential appeal and visibility. A horde of retail investors in a speculative, internet induced frenzy strikes fear into the bad guys. However, with the price of the billions rising, there will have to be a concomitant rise in the stocks…one that the Cartel must gamble on not getting out of hand.


Apr 22, 2010 05:45PM

Apr 22, 2010 06:03PM

Apr 22, 2010 06:53PM

Apr 22, 2010 08:26PM
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