Loading ...What Happens When?
On Sunday I posted that I believe we are being set up for something big. I saved this for today, since so many Tuesdays offer weakness in gold and silver, and if you think this is even a remote possiblity, you can take immediate action. What Happens, when the day comes that either the LME or COMEX or both, cannot open? I have often mentioned I see a day when in a freefall, Bitcoin and other cyrpto’s go no bid. What about in a face ripping rally in gold and silver, the fraudulent accomodators cannot open, and gold and silver, go no asked. None available at any price! Could that day be Monday? No one knows. But if that day comes, will you be prepared? Got Gold Got Silver! After writing the first part of this I thought more about it. Doesn’t it make you think that TPTB are preparing for something big? They are over hyping Omicron worse than anything, even though it is harmless. Companies and organizations including all the professional sports leagues are taking all kinds of precaustions and DiBozo announced he is thinking about cancelling in person Times Square celebrations for New Years Eve again? What if they are going to use an orchestrated takedown of the internet to cover for the COMEX and LME failures and resulting stock market crash? Maybe this weekend, or more likely over New Year’s weekend? So take some action here and if nothing happens over this Christmas weekend, be ready to add some more next Tues. The worse case scenario if a metals default doesn’t occur, you are locked and loaded for 2022 when gold and silver are very likely going much higher. Maybe not all at once, but then again, the odds keep getting higher that something big is coming!
A cyber attack? https://www.youtube.com/watch?v=bb3fzt_ySVo
Been hearing about a Comex Default for only the last 20 Years CM
I say No Way Jose
Right, it’s not my desire to be confrontational, but this is pure gold bug stuff. Sure the suppression scam is going to end and it may be on the near horizon (2022) but in such dramatic fashion I doubt it. Irregardless I am relatively well positioned for the eventuality.
Regarding the Omi-con hype, yes it is hard for me to understand such a full court press, when its such an obvious fraud. Guess it’s just desperation.
R U calling CM a Charidotella sexpunctata?
Good one JSK. I had never heard of that and had to look it up. When I saw the picture I got excited to see the gold color. Was hoping it could be melted down for real gold. Too bad just a colorful pigmentation.
Fully should adopt this little guy as the site’s mascot…LOL
Never had Basel 3 before and the PTB may need cover for something that is going to happen anyway.
It isn’t confrontational to be a sceptic about a low probability event. However, Black Swans do occur even if less often than predicted. You are properly positioned and that is the main point I am making for others. Most of us here believe in precious metals and most are long term holders. With a multi year phase in of Basel 3 taking effect Jan. 1, a default has been building for decades. It may come quickly or may take a lot longer to play out, but how many have actually become aware of the paper vs physical argument over the last year and the shortages that are building? Many of us have been reading and hearing about it for years or longer. The silver squeeze crowd, maybe for a year. What if a small percentage of people just starting to see losses in their stock portfolios began moving some funds into physical. It will build over time. We position for the long haul but are prepared for the outlier, in case it happens.
I think what ends it is simply silver industrial supply vs demand. For the past 35-40 years it’s been a money machine for the bullion banks. The government regulators have looked the other way as the governments money printing operation through the FED (inflation and currency debasement) has been allowed to continue by disguising the inflation through PM suppression. They are still playing this game, but the banks appear to be desiring an exit. JPM exited almost 2 years ago. There are several elements of the market which point to the jig is coming closer to an end. I just don’t think it ends in a black swan, but that’s just an opinion as none of the minions can really know. I think it will be an organized termination of the scam.
Gold and silver and the miners could be dead money until late 2022, maybe even early 2023. I believe most of the damage has been done to the miners, but I think they will be range bound in this new lower range for another year potentially.
I would love it if they just take off, but I just don’t see it happening. Another year of lower highs and perhaps a few more marginal lows should be enough to crush sentiment a bit more. I hop I am wrong, but the damage inflicted on some of the silver miners this last year strongly suggests to me that we are going to be spending quite a bit of time down here.