From this morning's International Forecaster:

Similarly, his replacement(BERNANKE) isn’t going to want a world depression on his or her watch. So, the only way they know to ward that off is to print more and more. Thus, it is my opinion that talk is cheap, but a year from now QE of some form will not only be in place, it will probably be bigger than it is now.

Which makes things even more bizarre. Look at what happened to Gold this week. On Thursday alone it was down 90 bucks the ounce. Yet once again people were clamoring for it. Physical gold sales once again boomed. Now, we’ve talked about the idea that the Central banks want people pushed out of gold and silver. This isn’t’ a joke, you don’t naked short the paper gold market time after time, pounding it lower because it’s the fun thing to do. No, you do that when you have an agenda. So, what is the agenda?

Gold is migrating from West to East. Places like China have been around a long long time. They have many thousands of years experience seeing what different dynasties have done with “money” and also know that gold got them through it all. China wants all the gold it can get, as it is of my opinion that they want the Yuan to be part of the global reserve and they want to back it with some percent of gold. But that has created a problem for the European central banks. They want gold too. So, how are they going to get it?

We know Central banks have been buying gold this year. Actually they’ve been quite aggressive about it. But there’s only “so much” that they can lay their hands on. While I don’t totally believe the estimates, but it is said that all the gold ever mined would fit in my back yard. Maybe, maybe not. What I do know is that there isn’t a whole lot of it out there. Now, if you’re a Central banker and you’re trying to get more gold in your vaults but it is expensive and there’s not much around… what do you do? You get together and pound it. Drive the paper price lower. Drive folks out of it. Show them it’s junk and they should buy currency and stocks.

Along with attacking the prices, if you pay attention you see they’re doing things in the background that get me having flashbacks from the 30’s where the US confiscated everyone’s gold. Many don’t know that FedEx has stopped delivering precious metals to individuals in the UK and Germany. On May 23, France passed a law saying their postal can no longer deliver gold to the public. Over in India, their Government is trying to find ways to push people away from gold. Little by little they’re doing their best to discredit it, and make it harder to obtain. The CME just hiked margin requirements on Gold by a whopping 25%. Again this isn’t by accident. They don’t want “people” buying gold; they want it all for themselves.