Cutting Vacation Short

548
Wed, Feb 20, 2013 - 10:04am

This is relentless and unforgiving...and I'm not talking about MrsF.

So bad that I'm cutting my mini-vacation short. I still don't have time for a full post so here are two items for you to read this morning.

ZH has been doing an excellent job chronicling the consistent, daily destruction. Here's the latest: https://www.zerohedge.com/news/2013-02-20/precious-metals-morning-slam-right-schedule

And here's someone who has noticed some of the same "anomolies" that I have: https://www.zerohedge.com/contributed/2013-02-20/curious-case-falling-gold-and-silver-prices

The charts, of course, look terrible. Having failed at hoped-for support, silver looks like $28 and gold, if $1580 fails, looks headed all the way back to the bottom of the 18-month range, near $1550.

This is all highly unusual and indicative of extreme manipulation and panic-level positioning. At the risk of sounding trite and reading like another KWN pumper, I must say it: THIS WILL PASS. THESE EXTREMES WILL BE RESOLVED SOON AND NEW UPLEGS WILL BEGIN. PLEASE BE PATIENT. THE FUNDAMENTALS ARE STRONGER THAN EVER AND PHYSICAL REALITIES WILL SOON REPLACE PAPER SHENANIGANS AS THE DRIVING FORCE BEHIND PRICE.

More later if possible.

TF

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bullionbaron
Feb 20, 2013 - 10:51pm

Russia Buying Up Global Gold Companies & Assets

To best of my knowledge this hasn't yet been reported on in the precious metals news space... these emails were released by WikiLeaks as part of their Stratfor cache around 1 week ago and suggest that Russia is buying up global Gold companies and assets. It makes for very interesting reading...

https://www.bullionbaron.com/2013/02/russia-buying-up-global-gold-compan...

Also good to see that the global intelligence community also has doubts about the Bank of England storing foreign Gold without leasing it...

Beastly Stack
Feb 20, 2013 - 10:49pm

Anyone Notice

The Bond Market! Pretty funny don't you think. Now that is some primetime BS

ag1969
Feb 20, 2013 - 10:41pm

Chibster

I have always found it interesting that people rob banks way more than coin stores. They will break into an armed, secure place to steal ponzi coupons (thanks again puck) while totally unaware that the real money is not there. I have not walked into a coin store without a gun in my pocket in three years. I don't want to be stuck in a little shop without any options, when some moron finally figures out where the real money is and comes in guns blazin. I know most coin dealers are packing too, but everyone could use a good wingman now and again!

nathan1234
Feb 20, 2013 - 10:37pm

Dr.Jin Zhongxia, head of the central bank’s research institute

is truly a clever Chinese following the art of Sun Tzu.

How does one get rid of trillions of useless dollars. Make others think they have value.

https://www.telegraph.co.uk/finance/currency/9881410/China-loves-the-US-...

Magpie
Feb 20, 2013 - 10:36pm

OT: It's ZeroCare, unless you sign what they want you to sign

I was just handed the Phreesia computer tablet by the receptionist under the guise of updating my medical and insurance information. I had seen this orange notebook in another doctor’s office and I became suspicious. Is this really meant to verify, as the website claims, my insurance eligibility automatically and help doctors collect on their insurance while easing the load of paperwork? Or is it forced electronic data compliance to Obamacare?

As soon as I started reading each screen, I realized that it was asking me to consent to third parties to obtain my medication prescription history from my pharmacy and to my entire medical history.

I had the right to request and restrict as to how my protected health information was used or disclosed. However, when I declined to sign, the computer stopped, and prompted me to talk to the receptionist. She informed me that diagnosis and/or treatment “may be conditioned upon my consent.”

The electronic screen and the paper copy the receptionist gave me said, “The [name withheld] is not required to agree to the restrictions that I may request and may refuse treatment based on my restriction as permitted by Section 164.506 of the Code of Federal Regulations.”

Suddenly, because I refused the IRS and HHS meddling in my personal health affairs, I had become persona-non-grata (unwanted person) to my doctor who had sworn a Hippocratic Oath to care for me and any patient who comes across his/her path.

In other words, I would not be treated if I did not sign yes. I had the right to say no, don’t give my medical information and history to anyone else but the doctor is not required to honor my request and may refuse treatment to me as permitted by Section 164.506 of the Code of Federal Regulations.

What if I said no, do not release my medical history to a third unapproved party and I paid cash? The doctor would not see me. Welcome to the destruction of our stellar healthcare and patient/doctor confidentiality, compliments of Obamacare.

And the rest is here:

https://www.canadafreepress.com/index.php/article/53236

Pegasus
Feb 20, 2013 - 10:34pm

Jar of Gold

Like This:

Chibster
Feb 20, 2013 - 10:33pm

Keep stacking

Few thoughts:

1) How exactly does the bogus ETF SLV make money to pay for storage fees and overhead if the share is always priced below spot? JPMorgan makes money by shorting it which is a conflict of interest to those who put into their bogus ETF.

2) Kmart, Sears, etc. display sterling silver jewelry in a such a manner that it can be easily shoplifted. Gold on the other hand is kept locked under key. Now if enough physical silver were stored in vaults equivalent to the amount of gold in vaults around the world, you would *not* see any silver.

3) I believe Soros recently sold off GLD ETF positions to either a) buy physical gold on the cheap or b) put it in short the equities market (or both). Either way, that man has enough money to sway the market at will, and front run us any damn way he pleases. Regardless of this game, he will die of old age relatively soon.

4) Gold and Silver are what they are - rare elements on the period table. These stupid metals do not even know they are the arch enemy of the Western Banking Fiat Monetary System. Fiat is now "winning". Imagine that. The US Dollar is actually getting stronger! yeah.... r-i-g-h-t! There is absolutely no way I'm giving up my stack for a piece of toilet paper.

Hold phys with strong hands my friends. Most importantly, keep up the good work and pass the word on educating the masses of the corrupt banking system. People are waking up but not enough yet.

I foresee a mania phase in physical gold and silver. Where all local coin shops will actually need armed guards and fierarms.

peace

Mr. Fix
Feb 20, 2013 - 10:29pm

@ ag1969

DayStar just posted a compilation of other stories from across the web today.

I suppose he's already gone to bed, and could not stay up until 11 PM to see what Harvey organ had to say.

Harvey often does updates in the comments section of his blog,

although his webpage just change in format, and to get to his comments, instead of it being on a separate page,

you have to scroll through the entire post again, and the comments will be added at the bottom on the second lap after you click on “comments”.

Apparently, Harvey is having a rough day at work.

¤
Feb 20, 2013 - 10:24pm

The Gold Rush

Video unavailable

On January 24, 1848, James Marshall found gold near the fork of the American and Sacramento Rivers, and unleashed a massive migration from around the world to what had been a forgotten backwater. With head-spinning speed, these gold-seekers created one of the most extraordinary societies in history -- hard-driving, overwhelmingly male, often brutal.

The Gold Rush was a remarkably international event; in short order, gold-seekers from Oregon and the Sandwich Islands (Hawaii), Mexico, Chile, England, France, Australia, Ireland, and China were soon knee-deep in water in the diggings. Each found themselves playing the Great California Lottery, in which luck not hard work or honesty, seemed the key to success.

Feb 20, 2013 - 10:18pm

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