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 "Cartel" vs. "anti-Cartel" Peas of a Golden Pod? My previous post described the dilemma of the western investor who bought gold and /or silver on the basis of their proven performance in protecting against government malfeasance or economic turmoil. Though contrarian - to the asset classes favored by Euro-merikans on the whole - the precious metals gave reassurance to anyone who felt uneasy about the trends developing in the economies of that zone. In the four year period between January 2004 - January 2008, gold more than doubled in $ value. In the next four years, the price would double again, reaching a peak in August 2011 of over $1800, which it would stay in si ght of for the next year or so. This nearly 10 year bull market  period would have seemed to most observers to be clear confirmation of the postulated role of  precious metals in response to increases in public debt load and money supply - both of which rose dramatically in that same time frame. Just as dramatically, the subsequent descent of metals prices led the gold/silver holder into a kind of psychological netherworld - for those who h ad taken the spike in prices as indication of a 'new normal,’ nothing about that decline fit with their un derstanding of the nature of things . A great measure of disorientation ensued. In response, there has grown up an entire industry of pundits whose job it is to administer sedating explanations for the metals' sudden change in direction, coupled with bold predictions of their imminent rupturing sk ywards! All of these explanations seem to rest upon a foundation of something called 'fundamentals' - which, as best as I can gather, is gold-speak for a number of so-called 'laws of economics' which have been sanctified  by these parties as immutable truths - which can be but temporarily evaded, and never ultimately avoided.

"Cartel" vs. "anti-Cartel" - Two peas from the same pod?

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Page 1: "Cartel" vs. "anti-Cartel" - Two peas from the same pod?

8/10/2019 "Cartel" vs. "anti-Cartel" - Two peas from the same pod?

http://slidepdf.com/reader/full/cartel-vs-anti-cartel-two-peas-from-the-same-pod 1/4

 

"Cartel" vs. "anti-Cartel"

Peas of a Golden Pod?

My previous post described the dilemma of the western investor who bought gold and/or silveron the basis of their proven performance in protecting against government malfeasance oreconomic turmoil. Though contrarian - to the asset classes favored by Euro-merikans on thewhole - the precious metals gave reassurance to anyone who felt uneasy about the trendsdeveloping in the economies of that zone.

In the four year period between January 2004 - January 2008, gold more than doubled in $ value.In the next four years, the price would double again, reaching a peak in August 2011 of over$1800, which it would stay in sight of for the next year or so. This nearly 10 year bull market period would have seemed to most observers to be clear confirmation of the postulated role of precious metals in response to increases in public debt load and money supply - both of whichrose dramatically in that same time frame.

Just as dramatically, the subsequent descent of metals prices led the gold/silver holder into a kindof psychological netherworld - for those who had taken the spike in prices as indication of a 'newnormal,’ nothing about that decline fit with their understanding of the nature of things . A greatmeasure of disorientation ensued. In response, there has grown up an entire industry of punditswhose job it is to administer sedating explanations for the metals' sudden change in direction,coupled with bold predictions of their imminent rupturing skywards! All of these explanationsseem to rest upon a foundation of something called 'fundamentals' - which, as best as I cangather, is gold-speak for a number of so-called 'laws of economics' which have been sanctified by these parties as immutable truths - which can be but temporarily evaded, and never ultimatelyavoided.

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Much like the dictums of a religious hierarch can be labelled infallible , the doctrines of the 'hardmoney' school have been given the same status - infallible truths that have been temporarilythwarted by 'manipulators' who seek to profit from a kind of financial terrorism waged againstthe precious metals. The daily transgressions against these “laws” which seem to be the norm aredismissed by the scribes and patriarchs of this priestly caste with the same monotonous

injunction –  it doesn’t make economic sense! 

Though strong of the moment, the power of these villains - according to our pundit class - istransient; gold and silver therefore, are “coiled springs,” capable of going much higher –  at anymoment! A message which boils down to…

there's never been a better time to buy than right now!

That message stays constant from day to day, week to week; the only thing that changes are thevarious talking points by which the news of the day can be massaged into new indication of theincipient arrival of that upwards price action which the immutable laws dictate!.

Unlike the 'immutable laws' of economics, what does seem to be quite successfully evaded andavoided is any accountability on the part of this pundit class - for a string of predictions that have been so steadily wrong for so long as to almost defy statistical probability! In just about anyother area of investment, those with such an unenviable track record would have long ago felt thesting of "market forces" upon their backsides- in the form of an angry hornets nest ofdisenchanted followers giving voice to their discontent....

 but the siren calls of these gold n silver grandees seem so potent as to render them immune tocritique, and to gain them an unswerving devotion from the very persons who have stood themost to lose from being fed wrong headed analyses. The most successful of them, with healthy

subscription sales of their musings, have been calling for the 'death of the dollar' and a new formof international currency backed with gold to arrive anytime now - ever since 2008! Every singleissue of their newsletters and interviews reiterates the imminent explosion a hyper-inflationary blowback to money printing, and a corresponding lift off of metal prices shock that will signalTEOTWAWKI at last! The parallels with rapturist millennial cults is obvious.

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UPDATE! No sooner had I written the above paragraph than

I discovered that the gold pundit wi th perhaps the greatestdrawing power of all - for his subscription newsletter nuggets

of wisdom - has just laid his cards on the table… 

and come out with a clear announcement of the arrival of “the Aliens” –  the missing puzzle

 piece in the great geopolitical gold jigsaw apparently!

While I had anticipated having to work this "aliens are coming" angle into my forthcoming

deconstruction of the EAST/WEST goodguy\badguy disinformation memes currently touted hard

in goldburg… 

this unexpected upping of the ante has all sorts of implications which will necessitate a fasterthan anticipated response! While I’m gathering myself for that effort, readers are invited to

acquaint themselves with the excellent work of  

a guy named “Ken” - http://redefininggod.com/2014/10/why-are-the-rockefellers-and-the-jesuits-guiding-the-ufo-disclosure-movement/ … and http://redefininggod.com/2014/09/the-vatican-is- preparing-to-introduce-the-anunnaki-to-us/ 

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end of update!  

One thing that you will not see in any of this literature, at any time, is a sincere questioning as towhether any of the premises upon which these faulty predictions are made could be erroneous aswell! Since the actual vector by which these masters of spin have ensnared their many followers

in a web of deceit is one of conspiracies, it seems only fair to put forward an equallyconspiratorial notion here - that the entire narrative by which they get their followers to suspenddisbelief.... and hunger for each new installment...

is a psy-op being discharged on behalf of the party most

likely to be behind the quite obvious distortion of precious

metals valuations...

which invents good guy/bad guy memes so as to better disguise its own presence! A conspiracyto conceal a conspiracy!

And while it might seem obvious that what is under discussion here is the question of who isdoing this manipulation... and for what purpose... rather than a specious debate over whetherthat manipulation exists or not... 

I have learned from hard experience not to assume that the distinction is clear in the minds ofgold/silverbug readers - many of who seem to be so heavily indoctrinated as to unfailinglyattempt to divert this critical question into a cul de sac. Like fanatics of all stripes, any approachthat uses critical thinking skills to hone in on the subject causes them to see red - and jump barrels blazing into a quarrel peripheral to the debate - and entirely of their own manufacture.

Since open, thoughtful discussion of alternative ideas about the source and motive of metalsmanipulation appears to be the last thing the gold/silver community wishes to encourage, all thatcan be done in the meanwhile is to deconstruct the popular narrative so as to better understand itsappeal - and perhaps even break the it's spell!