Recent attack on Gold to preserve the US Dollar Reserve Currency Status Quo has unleashed unprecedented demand for physical Gold. Major banks are defaulting on Gold delivery and premiums for physical Gold and Silver are sky high now. We are in the uncharted territory with COMEX Gold Shorts at the all time high as of now. How the markets can sustain levitation without FED QE Drugs supply we already know: even the thought about the Tapering is unbearable.
FED to Government Sachs via CNBC. Bernanke: We Can Always Print Or We Can Always Talk About Stopping To Print, But We Are Scared Anyway.
Bernanke: We Can Always Print Or We Can Always Talk About Stopping To Print, But We Are Scared Anyway.
Maybe We Can Stop One Day?
"Few more pieces of the Puzzle are getting into their place now. Currency wars will claim the US Dollar Reserve Status as its first collateral damage."
Economic reality has never been so desperately far away from the central planning wish list.
Sci-Fi Movie Script: "Federal Reserve - Keeping The Strong US Dollar Policy From 1913 - Established To Serve and Protect" GS, JPM, BAK, C, HBC
May 13, 2013
"Gold Melt Down stage 2 did not happen on Friday even with US Dollar popping up on Yen 100 line breakdown. After initial dive Gold has recovered very nicely in the second part of the day. Every hedge fund manager and their grandmother are Short Yen now. We will caution them that Apple style blood bath could be just around the corner.
Any thought about FED even just "considering the limiting of the Drug Supply" is totally unbearable for the Wall Street now, divergence between the Market and Real Economy is just frightening. So, we guess, that Mouth Open Committee will be preparing for the Operation Withdrawal like for the Second Coming. There will be a lot of talk, some faith and it will be going for a long, long time...
Meanwhile China will graciously accept all the Gold thrown in the market."