You don't frighten us, Cartel PigDogs! Go and boil your bottoms, you sons-of-a-silly person. I blow my nose at your so-called Jamie-King. I will not deal with you no more, you empty-headed animal food trough wiper. I fart in your general direction. Your mother was a hamster and your father smelled of elderberries. Now go away and let the metals rise or I shall taunt you a second time!
We stand alone and taunt our enemies. There are those who choose to capitulate and run in fear, led astray by mainstream MOPE and newsletter-writing shills. That is not us. We prefer to think for ourselves. We observe the facts and act accordingly. The paper traders may influence price on a daily basis but we have time, fundamentals and the simple laws of economics on our side.
Paper price has once again fallen to actionable levels, for those willing to trade in the casino. Gold and silver, when measured by spot price versus futures price, have moved to levels of backwardation not seen since early 2009. And this is an Asian holiday week. Several Asian markets come back online tonight and more reopen on Thursday. Physical buyers will return in earnest and paper traders will be forced to hedge and cover. https://www.reuters.com/article/2013/02/11/usa-gold-export-idUSL1N0BB9CO20130211 & https://www.scmp.com/business/article/1148181/year-snake-year-buy-gold
The charts below illustrate the opportunity. Long-term stackers should be using any and all weakness to continue their accumulation. But...IF the "markets" present us with another opportunity to purchase some paper at a sub-1640 gold price or a near $30 silver price, consider it a gift. Be ready to act.
And here are your other random, assorted items that I've collected over the past few days. First, this very interesting blog piece, sent to me via email. It discusses the inaction regarding the implementation of the Dodd-Frank law. Keep in mind as you read it that, in the U.S., we supposedly elect representatives to go to Washington D.C. on our behalf. These folks are charged with considering and crafting laws for the general betterment of the nation. But then the kleptocracy gets involved and laws are subverted and undermined. https://www.dailykos.com/story/2012/10/17/1142285/-ISDA-v-CFTC-How-A-Judge-Abused-His-Power-For-Wall-Street
Here's something that will leave you with the impression that the stock market is about to go into the toilet: https://www.gold-eagle.com/editorials_12/long021013.html
You probably should spend some time listening to this: https://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2013/2/10_Eric_Sprott.html
And this research report is lengthy but worth your time, even if you just skim it.
We've been watching the Yen sink like a stone since October and it looks like the subject will be on everyone's mind in Moscow later this week, when the full G-20 meet. https://www.chicagotribune.com/news/sns-rt-us-g7-forexbre91a0fs-20130211,0,2456971.story. It's perfect timing, actually, as the Japan situation will serve to distract any and all conversation away from what's really going on...the inexorable march away from the dollar and every other fiat currency. Jeff Nielson has begun a new series meant to discuss these issues and Part 1 can be found here: https://www.bullionbullscanada.com/intl-commentary/26059-the-currency-war-part-i.
And this Bloomberg video is terrific. It discusses the "currency wars" but, from about the 3:00 mark on, the panel has a reasoned discussion of the gold standard. What kills me is the fixation upon the standard being unworkable because "gold is $1675". One of the guys suggests the real solution (which will happen) which is a revaluation of gold multiples higher. Unfortunately, that comment is quickly brushed aside and the conversation continues in a different direction. Regardless, this video is a must watch. Please do so. https://www.bloomberg.com/video/would-returning-to-gold-standard-end-currency-wars-_F9BhBKjR0WlvdP_8xdsqg.html
Now, go have a great day and enjoy taunting The Monkeys.