Starting Your Week
Here's a collection of stuff to help get your head screwed on straight for the week ahead.
Let's start with these two ZH links. They were both mentioned prominently in the comments of the previous thread but I want to ensure that as many folks see them as possible and ZH gets so busy during the week that these links are already shuffled down and off of the front page. First, there's this remarkable bit of reporting on the gold vaults located below the JPM corporate headquarters in lower Manhattan...conveniently across the street and at the same level as the alleged gold vaults of the New York Fed. Please read this very carefully and you'll begin to comprehend the depth of the rabbit hole. http://www.zerohedge.com/news/2013-03-02/why-jpmorgans-gold-vault-largest-world-located-next-new-york-fed Then there's this from yesterday. In another bit of excellent research and reporting, ZH uncovers JPM's active role in collapsing Lehman, an event from which they clearly stood to benefit. Look, I know that all is fair sometimes in business, particularly the cutthroat world of investment banking and proprietary trading, but these people are ruthless and diabolical. http://www.zerohedge.com/news/2013-03-03/did-jpms-cio-intentionally-and-maliciously-start-margin-call-avalanche-crushed-lehma
Moving on....I received a link to this video overnight and I highly recommend that you watch it. Apparently, it was just shot last week so many of the topics that Bill and Chris cover are timely.
Once you've finished watching that, flip on the player for this new audio from Dr. Janda. He spent a segment yesterday with G. Edward Griffin, the author of the great book "The Creature from Jekyll Island". Listening to this is time well spent.
Our pal Jeff Nielson posted yesterday a terrific new piece on the fallacy of "paper gold". You'll like this: http://www.bullionbullscanada.com/gold-commentary/26069-paper-gold-isnt-real-gold
And, over the weekend, Chris Martenson released this great interview of Alasdair Macleod. Give it a listen. Not only is Alasdair very well-connected and insightful, he's simply a very nice man. As an example, last week a Turdite emailed me a question about Goldmoney's relationship with Via Mat. I sent a massage to Alasdair via skype and he almost immediately called me back. He took a few moments to answer my questions and directed me to the salient points on the matter that were posted to GM's website. He even offered a few nuggets on what he's currently seeing in gold and silver. Again, he's a good guy and I very much appreciate all that he does to advance the cause.
Regarding the metals this morning, nothing much has changed since the post and charts I put up on Saturday. The key level to watch in silver is $28.40. If price is pushed through there a second time, we must expect not only another drop to $28 but maybe even $27.50. In gold, the selling pressure continues and every rally overnight and this morning has been sold into. I would not be surprised by a drop soon toward the early Friday low near $1565. Hopefully that level will hold but, if it doesn't, we'll almost certainly see another stab at $1555. Again, though, don't get all freaked out by this. The "market" is simply grinding along, exhausting selling pressure and basing. Hang in there. It's almost over.
To that end, I hope to see some exciting stuff later this month. Though directly related to the HEH stuff from last summer, I'm not expecting an immediate $5 pop in silver or anything like that. Instead, a "spring offensive" in the larger "war" that is part of the oft-mentioned strategy of "taking the fight to them". Understand that this is very real and that those goons who claim that metals manipulation is a farce are simply talking from their arses, trying to gain credibility as contrarians. Ignore them for they truly have no idea what they're talking about. Truth is on our side and truth always prevails in its own time. In the paraphrased words of Churchill: "The truth is incontrovertible. Malice may attack it, ignorance may deride it, but in the end, it shall be revealed."