Silver Price Update 5-21-12: Mr. Jeckyll Carpe Diemed All Over Us
On Monday, news that the Bank of England wants Greece out of the Euro but world leaders want them in and JP Morgan losses exceeding 2 billion towards 5 billion or maybe even infinitebillion or none of this makes any difference now because the Agenda is on and the 21st century Takedown is in full-swing. The propaganda is a hurricane and there is no telling what’s up and what’s down. It is up to us to make the decisions for ourselves now, and that’s why we buy physical silver and other precious metals. The fiat matrix is due for a comedown. That’s why it doesn’t matter what the price of our metals is in dollars because the dollar is falling and failing and a fantasy asset magicked by the powers-that-be as a keystone medium of control over populations. There is no more Mr. Hyde these days in this terrible system. Mr. Jeckyll has carpe diemed all over us – and it is a mess.
As for a sober analysis from a high-brow hat wearing Silver Vigilante, borrowing the syntax and “art” that is served to us daily in plain language by automatons, I think the war on silver, the war on gold, the war on everything that is yet to be ruined by demise-of-the-state globalist continues.
And so, gold stalled on Monday as did silver, unable to early on confirm the reversal from Thursday and Friday of last week. The news which might have sparked last week’s turn around was a decline in the Philly Fed Index as well as the minutes of the recent FOMC meeting, which have stoked the flame of Quantitative Easing incoming. This week we should keep an eye on U.S. durable goods numbers, China’s manufacturing PMI, U.S. new and existing home sales, Japan’s trade balance and the German business climate. Greece and Spain also will likely be in the news, if not all hell breaking loose with an introduction of Quantitative Easing in Iceland.
The indices performed well on Monday, as things in the markets began to look like their manipulated old-selves. Precious metals struggling, stock markets up, natural gas down. The US Dollar looked to be crescendoing from its uptick last week.
Last week stocks were down for their worst weekly decline, but this week they remain up, perhaps for the important NATO meeting taking place in Chicago. Wouldn’t want world leaders suddenly stumbling onto the news that the U.S. economy were stalling. The gains though were colored by Facebook, whose shares were down more than 13 percent after the open as Facebook has not been sufficiently monetized enough to resemble a workable business model. Perhaps Facebook could monetize their site not by making it a paid subscription service, but charging those users who prefer certain aspects of their lives to be private. I am sure the CIA wouldn’t have too much of a problem with a Facebook System designed to protect the well-to-do. Although, it is suspicious one would want privacy in their life…
“It was just a poorly done deal and it just so happens to be the biggest deal ever for Nasdaq and they pooched it, that’s the bottom line here,” said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey.
“Gold had a really nice rally following a very steep drop, so we might get some consolidation from here as the market prepares to take on $1,600,” said Feng Liang, an analyst at GF Futures Co., a unit of China’s second-largest listed brokerage. “It’s too soon to say if the dollar link has been broken.” Gold tends to trade inversely to the U.S. currency.
It’s going to be a nothing day unless the bottom falls out of precious metals. What’s the outlook on precious metals? We’ll use the euphemism “consolidation.” I am looking towards another weak week with buying signals cropping up at around $34.00 an ounce before this stuff starts to take off. Again, if they gold and silver cartel can get silver down below $25.00, then I expect a near double quickly into the year’s end. Otherwise, the war continues by the banktards against their victims.
Look at the shorts going neutral! This is a very bullish sign for the metals:
Disclosure: Totally Phyzzed out on AG.