Interesting post from the USAGOLD site..........
Farfel (1/4/00; 3:23:36MDT - Msg ID:22220)
Wall Street/Clinton Spinmeisters Target Gold for Drop Today
Gold dropping like a rock tonight. It would be scary if it were not so damn funny.
You see, it works like this: if there had been any notable significant infrastructural y2k problems, then Wall Street and its subsidiary media whores would have stomped on the gold price, claiming that the current low gold price already discounted EXPECTED y2k problems, and now that the news was in, it was time to sell the yellow metal. The old adage, "Buy on the expectation, sell on the news," would have been heard all over The Street by each and every heavily gold short bullion bank.
Of course, the dominant spin today will be that everybody in America/the world is selling his/her gold because Y2k proved to be no more than a fart in the wind. Forget that such spin completely contradicts the earlier mainstream media spin claiming that the populist and institutional y2k gold purchases were relatively insignificant, especially in comparison to recent Bank of England gold auctions.
Remember, we are living in a New Paradigm whose hallmarks are the complete absence of so much as a single scintilla of logic...the proffering of one oxymoronic statement after another...the requirement that the American public's collective memory MUST never extend beyond one week (at best).
As a nation, America is fast moving into a final vortex of unbridled mania...a final frenzy of mass indulgence and social depravity never before seen in the country. With madness spilling over, all standards must be subverted and revoked. And GOLD remains an historical standard that must be overthrown if the current Establishment is to have its way free of all societal restraints.
Gold remains in a lose-lose situation because, no matter what the outcome, the Wall Street/Clinton spin machine always looks at the glass as half empty where gold is concerned.
So witness gold as it is sold down in paper terms today by those Establishment interests who have no dearth of official American paper by which to effect such sales Yet realize that nothing has changed! The gold short position is still a physical position. It requires obtaining physical real AVAILABLE gold to cover that position and there is only a small amount readily available relative to the astronomical gold short position.
At some point in time, some powerful entity or some shrewd collective will step forward from left field and make a grab for that physical gold, demanding to take delivery. Nor will they need any y2k scares to inspire them to make such a dramatic move. Instead, simple basic logic, common sense, and an overwhelming profit motive will drive them to do it. When that happens, all hell will break loose.
Those who panic and dump gold in order to chase hot air Ponzi schemes on the NASDAQ are not simply abandoning a metal...they are abandoning the last vestiges of logic and sanity with it. You can call basic logic or good common sense or pragmatism an OLD PARADIGM or any other pejorative. But words alone will not kill the heart of reason. It will survive, it will resurrect, it will have its day again. Without reason, there is only chaos, the pre-Millennial madness that now spills across the American nation.
The problem with "thinking OUTSIDE the box" in terms of each and every action in life is this: castles in the air, New Paradigms, and dreams are necessary ingredients in life, but they are not sufficient. Humans greatly need some historical standards, they crave some absolutes, and any new fashionable mass intellectual movement that threatens to eliminate them altogether does so at its own risk.
Thanks
F* |
