It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
The gold price has finally disconnected from its nemesis, the USDollar. This news should be read as the coming of spring after months of wintry torment, or as the sighting of land after 30 days adrift at sea in a derelict vessel.
The gold price withstood the counter-trend US$ rally. While the buck has undergone a retest, gold has risen and not looked back, as though the US$ has become an irrelevance. IT HAS! This is great news! We are at the doorstep of a powerful gold rally, one that will see a silver rally accompany. New highs are soon to come! We are the doorstep of a powerful gold rally on a global scale, where gold rises in ALL currencies. The gold move in US$ terms is last, but guaranteed! The fundamentals of the US$ are fifteen steps beyond miserable. The technicals in the chart are looking tremendous. The psychology is aligned for a powerful move on a global scale, undeniable even to the most ignorant commentators in the financial press.
MASSIVE MONETIZATION DEAD AHEAD
The funding requirements for the USGovt are fifteen steps beyond colossal. A nasty surprise has already come for those who issue USTreasury Bonds and conduct auctions, A VERY BIG NASTY SURPRISE SO BIG THAT THE MEDIA NETWORKS REFUSE TO MENTION IT!!! The details are in the February Hat Trick Letter, and relate to angry, defrauded, and themselves defensive creditors. Foreign economies must tend to their own lands first and foremost. They also react to fraud on a scale perpetrated against them never witnessed before in human history. Find a time in all annals of history when national savings have been solicited and defrauded on this scale by another nation. There is none! This is the legacy of the Untied States, or better yet Wall Street, which has taken control of its host the USGovt like a cancer. The combination of unfettered usage of federal printing presses to create (and thus debauch) its money, together with abusive bilateral hostile actions directed at creditor nations (like China), together with bailouts & rescues soon to reach $10 trillion, together with continued Wall Street control of the USDept Treasury (see Goldman Sachs), together with a steady stream of major monster fraud cases (see Bernie Madoff), WILL SEND GOLD & SILVER NORTH IN PRICE. Lastly, the rising USTreasury Yield Curve also heralds a rising gold price, as the vile specter of monetization has begun to harm the 10-year and 30-year USTreasury Bond integrity.
Just a quick note on the Madoff victims. A closer look of supposed victims reveals his co-conspirators. They are framed as victims by a subservient press that has no desire at all to publicize where the stolen money is stored. It is in the banks of an allied nation that is beyond reproach, bordering the Mediterranean.
Many astute analysts have declared that the Corrupt Powerz that control the vast manipulated machinery cannot conceivably keep both the US$ and USTBond levitated for long. One had to fall. My conclusion was simple. Any strong selloff of the USTreasurys, pushing bond yields higher, would trigger a credit derivative sequence of events that would result in overnight bank failures and collapse of entire financial markets, starting with a JPMorgan meltdown. It would occur much like a financial nuclear bomb. So the victim will be the USDollar, clearly, by default.
INTERPRETATION: SHOCK WAVES COMING
The rise in the gold price during a US$ counter-trend rally foretells of a strong message. THE GOLD PRICE IS HEADING TOWARD NEW HIGHS. ALSO, THE USDOLLAR IS SOON TO EXPERIENCE SHOCK WAVES. Patience for gold & silver investors will be greatly rewarded. Numerous stories support this claim. Heavy reliance upon the printing press, as in monetization of USTreasury Bonds, is the biggest immediate threat to paper money, and the biggest immediate positive prospect for gold. The USFed has already announced this new policy, as they will purchase USTreasurys from expanded money supply. Any reluctance by foreign creditors to participate in auctions (see the Hat Trick Letter proprietary reports) will exacerbate the movement. Then there is the planned launch of the new Persian Gulf gold-backed currency in early 2010, which should act as a nuclear bomb against the USDollar in less than one year. That is the hidden motive for unprecedented attack of hedge fund crude oil positions by the sponsored Wall Street gangster bankers, aka banksters. That label is well deserved. Their crimes and protection given by USGovt authorities has been clear for the entire world to see. It has been revealed in plain view. Anyone who denies the criminal element in Wall Street, tied with ropes five feet thick to the USGovt ministries, is hopelessly blind at best, and compromisingly moronic at worst.
“Gold is telling you that all paper assets are suspect,” said Frank McGhee, the head dealer at Integrated Brokerage Services LLC in Chicago. “As the recession deepens, there’s significant flows into gold as an asset class or a currency that cannot vanish overnight.”
A note from Jim Willie, re: Costa Rica - excerpt
After the conference in Munich Germany last November 2006, all changed. I was approached in the shadows and threatened, during which many suspicions were confirmed directly in a lengthy discussion with the man who refused to identify himself. Within two weeks after the German show, my personal computer suffered a near crippling virus attack. The December 2006 Hat Trick Letter issue went out, overcoming the challenge. My safety and my work were touched on those two occasions, message heard. No questions about the hidden syndicate, please. I would prefer to stick with just a newsletter. Thanks.
Originally posted by Xwino
The only major U.S institution that still demands its debt be back by Gold is the Federal Reserve Bank. This is not a big secret and is proudly announced by the F.R.B. on their website. Imagine that ! We get play money and they keep the real thing. Ya want change..... Nationalize the FRB. Issue a press release that the dollar is once again backed by gold an silver and never ever again reelect your Congress whore unless they actually abide by their oath of office. SIMPLE !
Originally posted by JBA2848
What happens to gold and silver when Odysse begins bring up tons from the ocean floor shortly off the coast of France. Odysse is a US treasure hunter ship who has found a mother load of early treasure taken from the Americas to England but sank in international waters befor being delivered.
Originally posted by JBA2848
What happens to gold and silver when Odysse begins bring up tons from the ocean floor shortly off the coast of France.
Assuming that the $699 low on 23 October 2008 turns out to be the actual low point of the correction, and that remains to be proven, then we can conclude that we have seen the low point for Major TWO. That will allow us to update my original “back of the envelope” template to much higher levels, as follows:
Major ONE up from $256 to $1,015 (actually 4 times the $255 low);
Major TWO down from $1015 to $699, say $700 (a decline of 31%);
Major THREE up from $700 to $3,500 (a Fibonacci 5 times the $500 low);
Major FOUR down from $3,500 to $2,500 (a 29% decline);
Major FIVE up from $2,500 to $10,000 (also a 4 fold increase, same as ONE)
The world's largest gold-backed exchange-traded fund, the
SPDR Gold Trust GLD, said holdings rose 7.7 tonnes to another
record of 867.19 tonnes on Feb. 5 -- the third increase this
week. [GOL/SPDR] Gold was trading at $913.30 an ounce, down $0.45
from New York's notional close on Thursday, when it hit a
session high of $924, not far from last week's near four-month
high of $930.40 and within sight of a record of $1,030.80 hit
last March. "In short, gold is heading much higher, but not without
more struggle and occasional disappointment for those looking
for a speedy ascent," said Jeffrey Nichols, managing director
of American Precious Metals Advisors.
Spot gold climbed 2 percent to $926.90 an ounce, its highest since Oct 10. It was quoted at $918.90/920.90 an ounce at 1406 GMT, up from $906.75 in New York late on Thursday. In the immediate wake of the data it slipped to $916.60. Gold priced in euros hit a record high of 720.53 euros.