Essential Awareness: Tom Luongo: Will gold-backed ruble end metals manipulation
Key item: Basel III implementation postponed to 2023...
Leaves the City of London still flagrantly manipulating gold and silver with the paper trade... with everyone else stepping aside and letting them... and now there's also a whole new level of "spoofing" occurring that's "more direct"... in its manipulations of shares... directly attacking PM investors in the PM miners...
Tom says: the paper gold and silver trade are now fully well known as frauds... but the market using them doesn't care because they're using the relative greater stability of the paper frauds... to hedge against the value risk inherent in the even more flagrantly fraudulent fiats...
Will poke into "Basel III postponed"... but, it would explain quite a number of moves I've seen being made by "in the know" actors in the space, recently... along with the slowly proceeding re-correlation of the miners with stocks as shown in my correlation charts... An event which, for now, leaves them tied to compete with other stocks based on "earnings"... when the product they sell is being forcibly undervalued by the bankers still ongoing frauds...he says by more than 100:1 now...
Also... seems pretty obvious the timeline is likely tied to the political calendar with bailing wire...
How does the Russian's re-monetization of the ruble as "gold backed" vs. "a pure fiat" alter that picture ?
Luongo doesn't address it all that clearly... or provide us with a direct answer...
The implication is "yes, it matters"... but, it's also going to take time to implement it... so, not in conflict with the rest re it being an issue for 2023...
For now... IMO, it's too soon to say what impact it is having... or will have... and when. But, I do see growing awareness that the moves being made... by Biden and the Davos crowd... are intended to kill the dollar, as I have been saying is clearly the case. And, there is evidence enough that "its working"... if at a high level, for now... rather than at the street level. The Russians haven't gone all in, yet... or made any revolutionary announcements... but, they are BUYING gold at a fixed ruble price... not selling any...
He does an excellent job of connecting the dots between the Russian's (still emerging) move, China's trading in gold, and the oil trade... the jist of which, for now, is that the trade to be made, for now... is in the physical ownership vs "paper gold" or "mining shares" almost all of whom are still forced into "the paper trade" by the control imposed over financial structures and transactions by "the banks"...
Makes it clear he thinks JPM's conversion to PM "long" is sincere... and while not quite detailing the divisions he sees in Jamie Dimon vs. the Claus Schwab crowd... notes it, carefully...
[Useful I think... as it is often difficult to explain to people that the "Deep State" is real enough... but is not necessarily a hive mind enterprise...]
There will be some re-calculations in things made necessary in result... not just in result of another Basel III punt... but, as "correlations" shift... so should expectations... and perception of change in potential vs time.
Most of what changes is clearly now more about "pace" rather than "direction" in events and the trade...
So... "it's begun"... but is not slated to play out quickly... [as turnings in the tide tend to be]... |
