Andrew Maguire presents to us the chronicles of ongoing war behind the curtain with FED defending the US Dollar at the crucial level 80.00 and how the FED's #1 Gold Prime Dealer Goldman Sachs operates in the Gold market. Now we have more information on why Goldman Sachs has issued the Sell Call on Gold last Wednesday.
All these revelations will never lead to the higher Gold prices without Buyers and one can argue that this manipulation can go forever. According to the Andrew Maguire the key crucial difference now is that Central Banks are buying and, particularly, China is taking all available Gold for physical delivery now.
Peter Schiff: Debt Ceiling, Gold, and Janet Yellen - Hype vs. Reality GLD, MUX, TNR.v, GDX
"Peter Schiff gives us a great big-picture view on the latest developments in the markets and, particularly, ongoing Gold manipulation. Separating the Hype vs Reality he provides the explanations on the Janet Yellen's real track record and her intentions, describing the implications of her ascendancy to the FED Chair for the ongoing debasement of US Dollar and Gold."Catalyst: Uncovering China’s Rush for Gold GLD, GDX, MUX, TNR.v
"While a lot of people are still wondering why the Gold is beaten down again, it is important to keep the big picture in front of you. As it is happening with Copper now the main player in this market is the same - China is on track to implement state level plan to diversify US Dollar based assets.
We would like to share with you brilliant report conducted by Jan Skoyles on this subject."
Central banks to add $15B in gold this year GLD, GDX, MUX, TNR.v
As we have discussed before: we will see very soon who is selling and who is buying Gold this time. We have very important trend change in the Gold market: after years of Selling Gold Central Bankers all over the world are Buying Gold now.
All these estimations could be proven to be very low, as China is accumulating Gold via different sources in order not to run up the market. Stephen Leeb is talking that "Chinese are looking to buy another 5,000 tons of Gold".
With Goldman Sachs and other investment banks we already know that they will be buying all the Gold that advised clients will be selling for sure.
The quote of the day is related to the copper M&A activity from China, but it says it all:
All these estimations could be proven to be very low, as China is accumulating Gold via different sources in order not to run up the market. Stephen Leeb is talking that "Chinese are looking to buy another 5,000 tons of Gold".
With Goldman Sachs and other investment banks we already know that they will be buying all the Gold that advised clients will be selling for sure.
The quote of the day is related to the copper M&A activity from China, but it says it all:
McEwen Mining & TNR Gold: Las Bambas Copper Bidding From China Heats Up TNR.v, MUX, LCC.v, GDX, CU
“It is a good choice to invest in mining assets, which is a much better choice than investing in one government’s bonds – especially when this country cannot guarantee to pay even its own employees”
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