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The 3 presentations here sum up where we are, why gold was bombed, why
technical analysis in gold is a major waste of time and the direction we are, without any doubt, going. They build an argument that screams that you should not sell your physical gold or gold producers with political sensitivity, cheap cost of production, and near surface gold and, instead, either initiate or increase your gold and unique gold producer position.
So writes Jim Sinclair (www.jsmineset.com) in an introduction to his most recent post* entitled Where We Are, Why Gold Was Bombed, And Why TA Is A Waste Of Time.
(NOTE: This post is presented by Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com and www.munKNEE.com and the free Intelligence Report newsletter (see sample here – register here). The article may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read.
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Sinclair goes on to say:
If you will devote time to watching each video carefully you will see how the recent operation to help the dollar by depreciating price of gold was not a short play but a play to keep a system alive. The opinion of the operators is that if the gold banks can keep pressure up on paper gold the huge demand for physical will fizzle.
[Below are introductions and links to the 3 presentations I urge you to find the time to view:]1. Columbia Economist Dr. Jeffrey Sachs speaks candidly on monetary reform and defines the illegality of finance as now practiced. Click here to watch the video…
2. David Rosenberg just gave this devastating presentation on the sad state of the economy. This is the key to QE to Infinity even when depositors are hijacked for bank rescues. Click here to watch the video…
3. In this video please do not watch the music video at the end. It is not pertinent or entertaining. The story however is your key to understanding exactly what has happened and what is about to happen.
This video discusses the natural tendency of gold under present circumstances and why the US Fed pushed the panic button at $1900. It is the heart of the emancipation of gold from paper gold which releases physical gold and those entities with physical gold easily available to naturally rise in to prices we dare not even consider. It is the freeing of gold which is Free Gold. (You will identify the negative gold writers as employees of, or beneficiaries of, Boss Hogg.) Click here to watch the video…
[Sinclair’s views:]The not-anticipated result of the take down on paper gold was to wake a sleeping elephant of physical demand from other every corner of the globe. The world outside of North America has recent memories of monetary situations exactly the same as now. They know that paper is in its final stage and gold is in a major ascendancy. Physical demand will remain strong thereby overcoming paper gold and forcing paper gold exchanges to change their methods of delivery, clearly restricting paper to a secondary role and making its use to manipulate gold redundant.
(Editor’s Note: The author’s views and conclusions in the above article are unaltered and no personal comments have been included to maintain the integrity of the original post. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.)
*http://www.jsmineset.com/2013/05/06/where-we-are-why-gold-was-bombed-and-why-ta-is-a-waste-of-time/
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