August 2, 2012
Rumors abound that this summer the precious metals are bound to takeoff. The emotions on the precious metals forums and blogs are running high. Insider information has appeared to have been leaked, though still the precious metals remain in their summer doldrums. Chart theorists discuss the technicals and how they have been overwhelmed by Cartel manipulation. Nonetheless, bullish sentiment irrationally outweighs the dim reality: precious metals are not enough to protect one’s assets. Considering the financial sectors rampant manipulation of the precious metals markets via dark pool bot trading, high speed frequency trading, to expect that only old world money can defeat the Empire is an exercise in destructive conservativeness. The data exciting the gold and silver blogwires are as follows:
- Bill Murphy of GATA and Jim Willie have tipped off that an insider,one of the richest men in Europe, has signaled an August explosion in the gold and silver markets.
- Turd Ferguson, chart-theorist over at TF Metals Report, has signaled that this summer the precious metals are bound to takeoff. He claims to be the original proprietor of this information. TF has numerous contacts, like Andrew Maguire.
- In the silver market, never have the commercial hedgers been so long silver; that is, they are merely less-short the metal than usual. This has led many to suspect that the precious metals – perhaps riding the coattails of silver- are due to begin their next leg up
- As always when the precious metals sit idle and quiet, many claim that all that is needed is that one-spark.