Karen Hudes is a former lawyer at the World Bank and a whistleblower. She continues her exposure of the fraudulent central bank system with FIAT currencies issued by the private banks like FED and based on debt. US is losing its credit rating now and it is the game changer. She called it a "grand scam and the Ponzi scheme" and among participants all the same well known faces: FED, BIS and other Central and Investment banks.
Today's action in Gold is showing that you can not manipulate the Gold market all the time and that we are very close to the breaking point in the status quo. At least Gold is confirming its breakout from the downtrend line today.
September Nonfarm Payrolls Huge Miss - Gold Spikes Up, Data Leaked Again GLD, MUX, TNR.v, GDX
"We have September Nonfarm Payrolls with the Huge Miss and Gold Spikes Up immediately. Data was leaked yearly again with Gold printing:
+$5 at 8.28 and
+$18 at 8.33
"Cowboys" shorting the Gold market, according to Eric Sprott, must be in a serious trouble now. The yearly trade on October 15th has amounted to 640 million and Gold was Sold at 1270 - 1250 levels. Now with CFTC out of hibernation can we expect at least some kind of investigation?"
Gold catalyst: China aiming for 'de-Americanised world’ with renminbi replacing dollar GLD, MUX, TNR.v, GDX
"The Telegraph reports about the implementation of the China's long-term plan to diversify out of US Dollar denominated assets. UK trade delegation was recently visiting China and making a lot of deals with the message that "we would like to be the part of The Growing China Story".
It is interesting that Alasdair Macleod is quoted by the mainstream UK paper now. The mega trend and major geopolitical shift is making it to the surface now, US Dollar is losing its status of Reserve Currency Of Choice. With this perspective in mind China's appetite for Gold, Copper, Lithium and other commodities is making a lot of sense."
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