Loading ...Black Swan Event Is Coming
Earlier today I posted my follow up piece about us being set up for something big. I believe it is related to gold and silver taking off in the new year, possibly a Comex and or LME default.(By the way, that only means unable to provide physical metal, settlement would occur in fiat, but who wants that?) Even if that is not the actual Black Swan event that leads to higher gold and silver prices, it may well be something else.(Debt collapse started by Evergrande or any number of other possibilities.) This piece by “Wall Street On Parade” details the FED preparing for something!
Wow…powerdul stuff CM
Well at least they are “Preparing” of Financial Reconning .
Pass the Dubie
Chartmaster — I really appreciate your comments on this – thank you!
Question – the usual process is for gold/silver to be pummelled immediately before it moves to new highs. The Bullion banks are still highly exposed to loss if POG were to skyrocket now. Do you think that whatever the “event” is that they may use it to drop POG to the $1600 area to allow the BB’s to cover and then release the price. Say Jan-June to knock everyone out of their positions and then skyrocket when all have capitulated??
If yes — from your viewpoint — how wdo you think they would manage the optics — or do they just not care anymore what anyone thinks??
The answer to the second part is they don’t care about the optics about gold and silver manipulation being so obvious. They did long ago but with GATA, Ted Butler and others it has become pretty clear to anyone interested in gold and silver. The general public is another story. They don’t follow what goes on and probably don’t care. I think the charts and trading action for the last year plus show they have taken the metals down as far as they could. I may be wrong but the change in the FED having to do something about inflation and Basel3 going into effect means the jig is up. There may be some banks still short but it isn’t the same ones who were for most of the last decades. The FED preparing an additional half trillion dollar facility to help out the banks is exactly to help them unwind their shorts which despite what COT reports may show doesn’t mean they can’t have other derivative positions to make money when the metals soar, to keep them solvent. It is like going short against the box wwhen you have a stock with a huge gain but don’t want to sell until after the new year for tax purposes. You unwind after Jan. 1 rolls around but you locked in your gain.
thx