The dip in the price of gold today can only be attributed to an all-out counter-attack by the Manipulators - as yet another indication of a fundamental shift in precious metals markets occurred.

News was released today that the European Central Bank (long-time ally in suppressing the POG) added gold equivalent to one million Euros in the week ending Jan.30. In that same week, the Central Bank dumped billions of its "foreign currency holdings" (i.e. USD's).

I'll repeat this: in the same week that the price of gold hit an all-time high, measured in Euros, the European Central Bank was BUYING gold !!!!!!!!!!!

Compare that to England's current Prime Minister, Gordon Brown who dumped 1/3 of the U.K.'s total holdings at (essentially) an all-time low in the price of gold - only one decade ago. I'll say again to the readers of this blog, I'm not heavily focused on this sector because I'm "so smart", I'm focused here because this is so obvious.

You have one category of "money" (gold), increasing in supply at less than 2%/year (with less and less of that gold actually making it to the market), and ALL other currencies in the world increasing in supply at well over five times that rate. How clever is it to make a bet that the currency only increasing in supply by less than 2% will RAPIDLY increase in value versus all the other currencies increasing in supply by 10%, or 20%, or in the case of the U.S. - 100%?

That's right. In December, "Helicopter" Ben finally cranked-up his printing press, churning out new Bernanke-bills at  an annualized rate of just under 100%!

Now think how much faster the "good" money will rise in value once the sheeple realize that MOST of the "bad" money is "backed" by bankrupt economies.

Holding assets in USD's, or currency units of any other similarly-insolvent economies is no different than having your money deposited in a bankrupt bank. The ONE exception would be short-term "shorting" in those markets.

Here are a couple of links:

ECB Gold Reserves Up 1 Million, Forex Down 38.1 Billion In WeekTo Jan 30

http://www.nasdaq.com/aspxcontent/NewsStory.aspx?cpath=20090203\ACQDJON200902030932DOWJONESDJONLINE000374.htm&selected=9999&selecteddisplaysymbol=9999&StoryTargetFrame=_top&mkt=WORLD&chk=unchecked〈=&link=&headlinereturnpage=http://www.international.na

Debt-Addled Coconuts on Gilligan's Island
http://www.kitco.com/ind/Daughty/jan302009.html

including:   "“M0 has gone parabolic! Year-over-year in December 2008, it was up 98.9%! This is so shocking it defies belief. In late September as the stock panic started, it had grown by 9.9% over the past year. By October, this rate ballooned to an all-time high of 36.7%. In November,it rocketed again to 73.0%. And in December, it surged up to the staggering 98.9% you can see above. Ben Bernanke’s Fed has doubled the monetary base in a single year!”

{rokintensedebate}