As I look at the gold market this week, I can’t help but think, what’s wrong with this picture? The excesses of European socialism are playing out in the European debt crisis. Greece is toast and Italy, France and Portugal may not be far behind. The question now becomes will the Euro survive? It doesn’t seem likely unless Germany throws itself onto the fires of socialist unity and it does not appear that they will. One can only ask, what’s wrong with this picture?
Everywhere that you look, socialism is being exposed for the elitist farce that it is, except for in America. How strange is it that as the socialist world is collapsing around us, the Marxist party, which is called the Democrat party in America, is pressing for further gains in oppression as Europe falls from the weight of their intellectual sloth!
The global economy is beyond a shadow of a doubt, slowing down, while most of Europe is in recession. The U.S. is teetering on the brink of a major contraction that will make late 2007 and early 2008 look like a walk in the park. With all this going on, the gold stocks are being hammered again and spot gold is once again being taken down, when at the same time, oddly enough, the physical demand for bullion and bullion coins is at an all time high. Go figure.
Add to this the “super committee’s” (which is anything but super) inability to accomplish anything and you will quickly see why Europe is not the problem, the U.S. is the problem. In the name of partisanship, you have the Marxists refusing to budge on any significant cuts whatsoever and the Republican’ts, that are acting like Marxist Lite, negotiating with themselves and agreeing to 500 billion plus in new taxes on the “rich”. What’s wrong with this picture?
Can you spell MANIPULATION? I can and I see it all over the action in the gold market for the last two weeks. This market is totally oblivious to the real economy. Make no mistake about it, gold will explode shortly due to the manipulation that we are currently witnessing.
The “Obamunists” are getting desperate and you can see it in the the “occupy” movement which is rapidly falling out of favor with the American people as they see what mindless idiots they really are. You can expect more violence as the “community organizer” runs out of options. Chaos is the only thing that he can promote, because he and his party are dividers, not “uniters”.
As soon as the country sees that the “Obamunists” are gone after the election of 2012, the economy will start its recovery. Hold your gold stocks and physical gold and buy more on the dips, because between now and the 2012 election there will be dramatic increases in both.
Don’t get panicked out of your positions due to media hype! The leftist media will do all that it can to keep gold down and protect the “Divine Leader”. What’s wrong with this picture?
What’s wrong with this picture is that America deserves better than this two bit Marxist agittator as President!
Till next time, good luck and good trading!
More Gold Market Analysis:
- Actions Have Consequences!
- Gold And The Big Picture
- POMO Speculation
- Happy 4th of July!
- Welcome To The U.S.S.A.