re:["Do you think that we'll still see announcements
of gold sales by ECB's and action by the PPT to, as
Greenspan had said years ago, control price of gold
should it rise too fast, or has the gold vs dollar
/currencies subsided to an extent?"]
PPT - yes.
CB's...IMF - when, not if.
Physical gold demand is - down,
and has been for some time.
I know that comes to a shock to many
gold bugs who have continually been
told otherwise by the perma-bulls.
And this news is being pushed by the news media
right now... and to me, that's potentially
a "tell" that the propaganda machine is getting
cranked up and they're about to take another
pot shot at the canary in the coal mine.
The IMF has been talking about selling for
some time now. Think about it from their
viewpoint...
If not now -- when?
Gold is not just back in the news - it's in
the headlines.
At record highs, and closing in on triple digits,
gold is mocking central bankers by serving as a
lie detector that goes off with bells, whistles and
sirens, every time they do what they do best...
intervene in supposedly "free markets," create
excess credit, excess liquidity, and excess money.
And the first rule of fiat reigns supreme:
"He who gets the fiat first - wins."
You must be prepared and anticipate everything.
You have to be thinking like a central banker here,
not a gold bug.
Doesn't mean you muck your cards here... and throw
in the towel.
It does mean -- you need to be on your toes and
watching all the indicators, all the news, and
all the "tells."
...and not just the obvious ones.
More thoughts on this later.
S.O.T.B. |
