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Is The Takedown Of Gold A Sign That The Entire Global Financial System Is About To Crash?

The_perfect_storm_by_Methevas

  • All the fear and despondency in the bullion market are just noise! Jim Sinclair is correct: gold will achieve $3500 easily! What everyone is not asking is: why this massive takedown now? Why the Boston Marathon bombing now? How does this tie into the global geo-political situation, the threat of nuclear war in the Korean peninsula, the Chinese military mobilizing forces towards the border of North Korea and towards the eastern coastal region, what about the escalating conflict between China and Japan over Senkaku/DiaoYu islands … the H7N9 bird flu appears to be an ethnic specific bio-weapon attack on China. The Zionists are preparing to attack Iran …. etc. Something BIG may be about to happen in the world scene. The bullion banksters are probably getting out fast before global events send gold/silver prices on a moon shot!
  • Is The Takedown Of Gold A Sign That The Entire Global Financial System Is About To Crash? 
    by Michael, http://theeconomiccollapseblog.com/ 
     Somebody out there is sure getting prepared for something really big.  We have just witnessed a takedown of gold and silver unlike anything that we have witnessed in decades.  On Monday, the price of gold had fallen by more than 10 percent at one point.  It shocked investors all over the globe, and overall what we have just seen was the largest two day decline in the price of gold in 30 years.  The price of silver dropped even more rapidly on Monday.  It was down more than 14 percent at one point.  There was an atmosphere of “panic selling” as investors and financial institutions raced to liquidate their holdings of silver and gold.  But was this exactly what someone out there wanted?  As I wrote about the other day, big banks and news outlets all over the world have been boldly proclaiming for weeks that gold is entering a “bear market” and that now is the time for all of us to sell our gold.  In particular, Goldman Sachs reportedly told their clients earlier this month that they “recommend initiating a short COMEX gold position“.  Was that just a “good guess” on their part, or was something else going on?  Were they actually trying to help create a “selling frenzy” that would drive the price of gold much lower?

    What we witnessed on Monday was absolutely jaw-dropping.  Just check out this chart of the price of gold over the past 10 years.  The takedown of gold on Monday sticks out like a sore thumb…

    read more!

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April 17, 2013 - Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , ,

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