rroush wrote:
All the while continuing to hand out 0% loans (that of course isn't from money printed from nothing) to the banks.

I believe he's stop just like I believe my lead will magically turn to gold today.

Thanks for the reminder.

I keep meaning to MENTION that most of the de facto "money-printing" which takes place in the U.S. is via the borrowing (and lending) of WALL STREET - and not the Fed (or any other central bank) at all.

The only EXCEPTION to that is when the Fed or ECB engage in an unusually LARGE paper-dump onto global markets.

The reason I personally can't stop fixating about the Fed is because of the absurdity of the "Treasuries auctions". These criminals STILL get away with pretending that there are "legitimate buyers" lining up to pay the highest prices in HISTORY for U.S. bonds - when its BIGGEST buyer (China) is now a SELLER, and none of the other large buyers (historically) have ANY money.



Does anyone REALLY believe Japan is ADDING to its own mountain of U.S. paper rather than dealing with the earthquake/tsunami/Fukushima catastrophe?



Does anyone REALLY believe that the UK is spending its OWN precious paper on (worthless) U.S. paper while its suicidal austerity is continuing to produce RECORD deficits?



Who's going to be the next "big buyer" to step forward wanting to load-up on U.S. Treasuries? Greece?

It's Thursday the 26th today, and the propaganda machine is in FULL comedy mode.

Recall the message the propaganda machine TRIED to send yesterday: the price of gold "was falling because our hopes of more Fed stimulus had been SHATTERED".



The truth (of course) was that the price of gold ended up RISING slightly yesterday, and the bigger truth is that it is mathematically impossible for the Fed to even temporarily suspend its money-printing - without the U.S.'s Ponzi-scheme economy IMMEDIATELY collapsing.

But let's put aside the Truth for the moment and simply describe the world as the SHEEP see it. Here is where things get interesting.

Recall that I explained the CONDITIONS under which the banking cabal is capable of controlling the price of gold and silver (over the short term):

1) They must be able to CONTROL THE NEWS
2) To "control" the news they must be able to get the sheep to believe their lies.

Now let's view events through that prism. The banksters made TWO serious attempts to crash the price of gold yesterday through market ambushes - first in London then in New York.

This is TYPICAL for a "Fed decision" day, just like they always try to mount ambushes on "jobs report" day. These are the BIGGEST LIES (in terms of being most-watched) - and so it is when they have MAXIMUM CONTROL over the news.

Yet what happened yesterday? BOTH attacks failed. WHY? Because (obviously) the sheep did NOT believe the Fed liars.

This is HUGELY significant. When "the Boy Who Cries Wolf" BEGINS to lose credibility that's when things start to happen QUICKLY - as the illusions of liars SHATTER much more quickly than they were created.

That brings us to today's comedy - and the Bloomberg headline:

"Gold Extends Advance on Optimism Fed Will Spur Growth"

Translation: Gold is UP today based on the belief (of the SHEEP) that the Fed WILL start more money printing soon - the DAY after Bernanke insisted he had shut down his printing press for good.

Second translation: The SHEEP didn't believe what Bernanke said.

Go back even a couple of years and Bernanke was a GOD. His pronouncements would mesmerize the sheep for AT LEAST several days - giving the banksters a window to perform their market-ambush mischief.

But when the SHEEP stop believing the LIARS, then as the chart for yesterday showed the BANKSTERS ARE IMPOTENT. And TODAY they are in full RETREAT - contradicting their OWN bullshit from just 24 hours ago, with the price of gold continuing to rise.

Let's back up a little further and look at the Big Picture one more time. For DECADES the banksters had absolute control over the bullion market because they could engage in brute-force manipulation by simply dumping large quantities of bullion onto the market.

Their mistake? They were too greedy/evil. They dumped WAY more bullion than they was needed to CONTROL the market - because they wanted to CRUSH the market - and they SQUANDERED all their bullion.

After that they could ONLY (partially) control the market through the combination of Leverage and Lies. How effective has THAT been? As of today the price of gold is up nearly 600% off its low and the price of silver is up roughly 800% off its lows. Pretty lousy "control".

And just as with their bullion-dumping, the evil/greedy banksters have engaged in EXCESSIVE leverage and EXCESSIVE lies - because (like the Wile E. Coyotes that they are) they keep trying to CRUSH the market. Today the banksters' leverage in the precious metals market is well over 100:1, and their lies are believed less and less by the sheep every day.

Can you SMELL it? It's the fragrance of the Winds of Change...





"Gold Extends Advance on Optimism Fed Will Spur Growth"

www.bloomberg.com/news/2012-04-26/gold-e...-to-spur-growth.html

Gold rose the most in two weeks on speculation that the Federal Reserve may increase stimulus measures to bolster the U.S. economy after more Americans than forecast filed applications for unemployment benefits last week.

Jobless claims fell by 1,000 to 388,000 in the week ended April 21, from a revised 389,000 a week earlier, which was the highest since early January, Labor Department figures showed today. The median forecast of 48 economists surveyed by Bloomberg News called for a drop to 375,000. Fed Chairman Ben S. Bernanke said yesterday that the central bank will do more to fuel growth if necessary.

“The job market is softening, and the Federal Reserve may be forced to look at some form of easing,” James Cordier, portfolio manager at OptionSellers.com in Tampa, Florida, said in a telephone interview. “Investors have started pricing that in.”

Gold futures for June delivery rose 0.7 percent to $1,653.80 an ounce at 9:33 a.m. on the Comex in New York. A close at that price would mark the biggest gain for a most- active contract since April 12. Before today, the precious metal gained 4.8 percent this year.

Silver futures for July delivery advanced 1.4 percent to $30.855 an ounce on the Comex, heading for the biggest gain since April 12.

I was suprised to see metals recover on a Bernacke Speak day. That breaks the trend. It would be refreshing to see gold/silver rise when the Fed shows it is out of bullets. The US is growing very intolerance of money printing, inspite of what Wall Street wants.

I'll say it again Brian (since it's my NEW catch-phrase - lol):

Can you SMELL the Winds of Change???

"Can you SMELL the Winds of Change???"

Perhaps not, I seem to be downwind from mainstream media's cesspool. Perhaps when the wind shift is strong enough, the smell will dissipate

Brian Boutilier wrote:
"Can you SMELL the Winds of Change???"

Perhaps not, I seem to be downwind from mainstream media's cesspool. Perhaps when the wind shift is strong enough, the smell will dissipate

Seems like they all like the smell. Must be comforting or something. I've still only convinced a few to move upwind, but from the rest I get responses like "inflation is good...for things like loans". Wonderful MBA doublespeak.

OK guys go ahead and laugh-off my new catch-phrase...




My guess is that if that those "winds" start to blow a little stronger that suddenly it will be just as catchy as "where's the BEEF?"

It's Friday the 27th, and gold and silver have edged higher - as the latest U.S. GDP data "surprised" all of the experts to the DOWN-SIDE.

The GDP reading came in at 2.2% - a full 1/2% BELOW what the shills had been calling for. Is there even ONE person who comes to THIS site who was "surprised" at this U.S. economic weakness???



Meanwhile, as a reminder for those readers who prefer to dwell on the Planet Earth, in the REAL WORLD the U.S. government is UNDERSTATING inflation by at least 5% when it calculates its GDP. So just like the U.S. government can lie about inflation to make it (falsely) appear that "spending is increasing", it can lie about GDP and (if the lie is BIG ENOUGH) make a shrinking economy look like a growing economy.

So if we SUBTRACT (conservatively) 5% from the U.S. GDP number, we see that in the real world the BEST-CASE scenario was that the U.S. economy ONLY shrunk by 2.8% in Q1 of 2012. In other words, the TRUTH is more than a TOTAL REVERSAL of the government's lie (that GDP had RISEN by 2.2%).

But even with the HUGE LIE, gold and silver are both up today. I say again, what do people think gold and silver will do once the sheep STOP believing the lies? We got a taste of that earlier in the week, when "all the Kings horses, and all the King's men" were trying to PUSH GOLD LOWER this week with the latest Fed meeting.

And pushing down AS HARD AS THEY COULD, the price of gold ROSE - because the sheep refused to believe the lies.



P.S. MORE big news out of the gold market. I hadn't had time to totally review the World Gold Council's latest stats, fortunately there are plenty of drones at Bloomberg who can be assigned to such an activity.

And (among other things) they noted that central banks bought over 400 TONS of "gold" last year. Unfortunately there was no breakdown as to how much of this "gold" was actual METAL, and how much was just PAPER (like what Mexico bought).



Even so, the numbers are still impressive. On PAPER, this is the most gold that central banks have bought in FIFTY YEARS. And it now almost completely REVERSES the 500 tons of gold they USED TO dump onto the market every year.

The money-printers who were DUMPING 500 tons of gold per year back when they labeled GOLD a "barbarous relic" are now BUYING nearly the same amount of gold each year. So WHAT is the "barbarous relic" now???






"Gold Traders Get More Bullish as Central Banks Hoard More"
www.bloomberg.com/news/2012-04-26/gold-t...anks-hoard-more.html

"Comex Gold Nudges Higher After U.S. GDP Data "
www.kitco.com/reports/kitcoNewsMarketNuggets20120427.html

It's Monday April 30th and all I have to say to this month is "good riddance". Maybe I'm just getting sensitive, but it seemed to me that this month was characterized by the MOST outrageous B.S. on our economies and the MOST inane drivel about gold and silver.

However, at least the month ends with me having another wonderful opportunity to mock the vacuous pseudo-science which market gamblers call "T/A". Readers will recall over the weekend that the propaganda machine itself told us to expect "higher gold prices" - because after gold DEFIED last week's manipulation and negative propaganda and moved HIGHER it had created "bullish technicals".

Well, we see what a "bullish technical signal" is worth: somewhere LESS than zero.



As I have said recently, if anything so-called T/A now acts in REVERSE. When the banksters cabal has managed to undermine the market to the degree that it is sending "bearish signals" then the Big Buyers step in and we have a RALLY. Similarly, any/every time the market "signals" it's about to move higher, all that GUARANTEES is that the bankster-assassins will move in to try to hamstring the market.



Then we have the "gold bulls" at HSBC.



With HSBC being the largest GOLD-SHORT in the history of the world, when one of their drones refers to HSBC as a "gold bull" this is no different than Hitler referring to himself as a "great humanitarian". Today these "bulls" were offering their "bullish" forecast: a long-term price prediction of $1500/oz for gold. WOW - sounds bullish!!!



Here we have an example of a CLUMSY "fake bull", much in the same mold as Jeffrey Christian - who also describes himself as "bullish" toward gold.



Recall that I often talk about Jon Nadler and his infamous "short-term bull/long-term bear" ACT. But at least we have to credit Nadler with some small degree of "subtlety". THIS is just laughably transparent.

First we have the HSBC play-acting at short-term bull:

"Gold is going to $1750."

Yup, REALLY "bullish" when gold has ALREADY been close to $2000/oz.



...but then in the SAME SENTENCE it offers its (bearish) long-term prediction: $1500/oz.

Listen up all of you lying banksters: if you want to PRETEND to be a "gold bull" (so that the sheep will be more likely to listen to your bearish lies) then you have to keep FAKING being a "bull" for at least an entire SENTENCE or two...



Silly clowns !!!


"HSBC Lowers Gold Forecasts But Still Bullish For 2H 2012, 2013"

www.kitco.com/reports/KitcoNews20120430AS_hsbc.html

(Kitco News) - HSBC lowered its forecasts for gold prices but nevertheless remains bullish for the second half of 2012 and 2013.

The bank said Monday it has reduced its 2012 average gold forecast by 5% to $1,760 an ounce due to reduced demand from Indian jewelers and lowered expectations for a third round of quantitative easing in the U.S. However, HSBC looks for higher gold prices in the second half on expectations for a stronger euro, geopolitical uncertainties, still-accommodative monetary policies and central-bank demand.

HSBC said its average gold price forecast for 2013 was lowered 1% to $1,775 an ounce. Its 2014 forecast is unchanged at $1,750 and its long-term 2015-2019 forecast remains $1,500.

HSBC said it looks for gold to trade in a wide range of $1,525 to $1,950 for the remainder of 2012 and anticipates that bullion markets will remain volatile.

Gold rallied in early 2012 on a recovery in risk assets and widespread expectations of QE3 or other U.S. monetary stimulus. However, the metal has slid since late February as statements from Federal Open Market Committee members were construed to mean less chance for further easing as the economy showed signs of improvement.

On top of this, Indian jewelers closed their shops for three weeks to protest a doubling of import levies, plus an additional fixed levy, all of which stands to increase the price of gold in the country by some $80 an ounce, HSBC says. The end of the strike has failed to trigger a significant recovery in Indian demand, particularly since the rupee remains weak, resulting in higher gold prices in local currency terms.

“Despite recent weakness, we maintain an upwards bias for gold and expect prices to recover in the 2H of this year,” HSBC said. “In our view, gold prices will be determined largely by the interplay between monetary and fiscal policy, currency movements (particularly EUR-USD levels), geopolitical risks, and changes in gold’s underlying supply/demand balances. We believe the sum of these factors will support bullion prices.”

Whereas the FOMC has not announced further quantitative easing, HSBC said indications are that monetary policy will remain at “highly accommodative levels,” which is bullish for gold. The outlook for government debt is also friendly for gold, HSBC said. A steep rise in debt, relative to gross domestic product, in Western nations during the financial crisis played a major role in supporting gold from 2008 to 2011, HSBC said. The lack of economic recovery and reduced tax revenues has worsened the problem.

Political uncertainty may also boost gold, HSBC said. “The political process will result in the election or selection of a host of leaders this year in countries that account for more than 50% of the world’s GDP,” the bank said.

Meanwhile, central-bank purchases are likely to continue, HSBC said, citing recent data from the International Monetary showing another round of buying in March.

However, HSBC reported that key sources of physical gold supply are growing, which could help put a ceiling on price increases.

“With prices well above marginal costs of production, we anticipate further increases in mine production,” HSBC said. “Also, prices should be sufficiently high to encourage the recycling of scrap. This component of supply has grown rapidly in recent years, stimulated by high prices and increased economic hardship.”

It's Wednesday May 2nd. First a quick apology that some "technical problems" yesterday prevented me from getting my edition of The Grind published. So I'll try to make up for that with a better-than-usual blurb today (lol).

The day starts off with BOTH precious metals and markets lower. Markets are lower in response to more dismal economic news. Gold is down (if you believe the propaganda) for one of two reasons.

Either:

"It's a 'risk-off' day in markets" (the IDENTICAL line they used yesterday - lol)

Or:

We have Bloomberg's "reason": resurrecting the SAME Bernanke B.S. that no one believed last week - that there won't be more U.S. money-printing. Note that Bloomberg's "reason" obviously doesn't hold any water on a day when TERRIBLE U.S. economic numbers suggest there WILL be more U.S. money-printing in the imminent future.

What will be interesting on a day like today will be to COMPARE the performance of gold against the broader markets. IF gold (and silver) can rally significantly off these early losses (yet again) it will send ANOTHER strong signal that the sheep are believing the lies LESS AND LESS.

Once their faith descends BELOW the necessary threshold of support the banksters will become IMPOTENT when it comes to controlling the gold and silver markets...


"Gold Falls a 3rd Day on Speculation Stimulus Not Needed"

www.bloomberg.com/news/2012-05-02/gold-w...p-holdings-drop.html