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Meanwhile, the gold and silver prices continue to be misreported.|
A graph of the silver price was revised. Prior to the revision, there was a small spike in the price, but half an hour later, the spike "shrunk". The spike wasn't particularly large, which was why I noticed the change; the scale of the graph hadn't changed so the earlier line of the graph was identical. Yet the later spike surpassing the £14.00 line had been revised to between £13.99 and £14.00!
Jim Rogers has been warning about the smash down in gold prices for some time, saying that a 12 year run was exceptional. What he meant was that the banksters, goons & thugs wouldn't allow such a run to continue because it attracts too much attention and risks a gold rush, the corollary of which is a run on the paper currency.
Max Kiester has used the term "hoarders", echoing the propaganda of FDR in the 1930s just prior to the gold confiscation. About half of these "hoarders" refused to hand in their gold to FDR despite the massive fines they were threatened with because it was blatant theft.
John Paulson is nursing a 54% loss just for this year to date. Yet he realises that the market is massively rigged and has issued a statement saying gold has a large upside potential. Paulson also lost money because Carson Block illegally rigged the market against Sino-Forest. To assist Block, the corrupt regulators in Canada suspended the shares PRIOR to any investigation, which they didn't bother with because it would prove Block was lying.
Unlike 1979, when Paul Volcker raised overnight interest rates to 21%, the massive debts this time around mean that option is not available. The ploy this time is to push up the prices of all assets so that no gain can be made, which is why Bill Gross says he sees bubbles everywhere. But this just means there is no alternative to gold and silver anyway as the FED hyperinflates the monetary base! Whilst most share sectors are up some 15% this year thanks to massive money printing, the HUI index of gold shares is down over 40% for no reason whatsoever. Comment from the complicit mainstream media about this shocking disparity is conspicuous by its absence.