Concerning today’s smash on gold, the bullion and related shares I discussed last Sunday night suffered a huge drop today. I want to thank the manipulators for pushing prices down so I could buy a little stock at a lower price. This market is not for the feint of heart. The volatility is liable to increase from this point forward, maybe to seismic proportions.
Former Assistant of the US Treasury, Dr. Paul Craig Roberts, warned:
“This is an orchestration (the smash in gold). It’s been going on now from the beginning of April. Brokerage houses told their individual clients the word was out that hedge funds and institutional investors were going to be dumping gold and that they should get out in advance.
Then, a couple of days ago, Goldman Sachs announced there would be further departures from gold. So what they are trying to do is scare the individual investor out of bullion. Clearly there is something desperate going on…. “
Who is buying the gold at lower prices? I suspect they are agents of the Kings of the East and they are smiling today!
John Williams of Shadowstats.com commented- “Despite Concerted Central Bank and Wall Street Efforts to Tarnish Gold, Gold Does Not Tarnish; It Remains the Primary Hedge Against Looming Fiscal Fiasco and Dollar Debasement”.