In wading through the mainstream drivel written on the gold and silver markets; it becomes increasingly difficult to reply to such material without the word “desperation” creeping in again and again. Indeed, the quantity of gold-bashing itself is simply overwhelming.

In the years I have covered this market, I have never seen as many mainstream articles written about the (supposed) “bear market” today as were written during the 12 years in which the mainstream (grudgingly) acknowledged the bull market in precious metals.

This, of course, is entirely atypical behavior for a propaganda machine notorious for worshipping “winners” and shunning “losers”. When a particular company/sector falls from favor as a hot place for financial gambling, there is a brief frenzy of dancing-on-the-grave of the former darling – and then it is forgotten forever.

Not so with precious metals. Indeed, the more rabidly the mainstream propagandists insist that the precious metals sector has entered a “bear market”; the more obsessed they become in “covering” the sector. The lady doth protest too much, methinks.

This perverse behavior of the mainstream media is only one utterly obvious indicator giving lie to claims of a “bear market”. Global demand for physical gold bullion spiked to an all-time high around the world following the Great Paper Liquidation, which drove down prices in the phony paper-fraud markets for bullion in New York, London, and Shanghai.

The propaganda machine has never attempted to “explain” how/why you can have record demand in a “bear market” – because it can’t. High demand is the definition of a “bull market” in the real world. Bulls stampede. Bears hibernate.

Once upon a time the Drones in the mainstream media could understand at least this simple truth of market fundamentals, but apparently no longer. The lie of a “bear market” is fundamental to all the other gold-bashing mythology, and so it remains in their shrill rhetoric – despite its perverse absurdity.

Because of this mythological bear market; we have a growing herd within the mainstream media “predicting” another wave of gold-hedging from the world’s largest miners. Prices are low; so why doesn’t everyone lock-in (and forward-sell) years of their production at these give-away prices?

In any other sector, forward-selling years worth of production with prices at the lows of a “bear market” would be met with howls of laughter, but this is the gold sector. As noted in recent commentaries; the world’s largest gold miners are nothing but a collection of banker sycophants. Their banker Masters command, and they obey.

Currently those Sycophants are in India, trying to persuade the world’s largest buyers of gold to buy less gold – at the request of their Masters. So getting the management of these miners to engage in more forward-selling of their gold is about as difficult as twisting the arm of Gumby. The problem for the bankers trying to induce another wave of hedging is in getting the shareholders of these Sycophant Miners to embrace another, massive gold give-away – and thus the waves of propaganda predicting such a trend.

Of course to even partially justify “hedging” at rock-bottom prices, it’s necessary to add additional mythology: that this “bear market” will persist for an extended period of time. And so we come to the next, major propaganda initiative aimed at the gold market: yet more talk of a B.S. Bernanke “exit strategy” for the Federal Reserve.

How ridiculous is this propaganda? We’ve been promised an Exit Strategy by Bernanke every six months since the imaginary U.S. Recovery began. This particular lie has worn so thin that no one in the Federal Reserve or mainstream media or U.S. government will even use the words “exit strategy” – for fear of immediately setting off a chorus of laughter. And so they say exactly the same thing, but now use the word “tapering” instead.

Read more: Gold-Bashing Mythology Hits New Crescendo