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Under ATTACK

Ranting Andy
|
Friday, July 6th

SilverSeek.com Comment Wire

 

 

Do we want the TRUTH or LIES?  Gold was ATTACKED by the Cartel today to prevent it from repeating last month’s violation of its “Rule #1” – i.e., “Thou shalt not let PMs soar when the Dow plunges.”  Last month, they temporarily lost control when gold had a rare 4% surge with the Dow down 274 points, directly after a similarly horrible NFP report.

 

Yesterday, in identical fashion, the Cartel attacked after the ECB, BOE, PBOC, and Bank of Denmark either lowered interest rates or increased QE, with a “second tier” attack when the typically bogus “ADP” employment report showed a large service job gain, COMPLETELY contrary to the simultaneously released ISM non-Manufacturing Index, which plummeted to an 18 month low.

 

Here’s the chart of the LAST TIME the ECB lowered rates – December 8th, the day of “OPERATION PM ANNIHILATION”…

 

 

 

…here’s yesterday’s “two-tiered” attack – first on the rate cuts, than the ADP report…

 

 

 

…and here’s today’s NFP attack…

 

 

 

Not to mention the typical 12:00 PM EST “cap of last resort,” at which they just pounded gold another $6/oz while the Dow stood still.  12:00 PM is one of their favorite attack times, to NAKED SHORT PAPER gold as hard as possible.  In this case, they are desperate to undo the stigma of last month’s NFP debacle, as the last thing they want is for gold’s true status as the KING of safe haven assets to show, as their whole PAPER world collapses.

 

 

 

Good news, bad news, “good” employment, “bad” employment, it matters not.  The END GAME is here, for Europe, the U.S., and ALL the world’s fiat economies.  Which is to say, ALL of them.

 

 

Andrew C. ("Ranting Andy") Hoffman, CFA

Marketing Director

Miles Franklin Ltd.

 

ahoffman@milesfranklin.com

www.milesfranklin.com

 

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