Rob Kirby has a very interesting take on the recent emerging market currency crisis and Gold market developments. Is it the part of the ongoing Financial War? These attacks can be actually aimed at the ability of the rising powers to challenge the US Dollar reserve status and their ability to continue accumulate Gold.
CNBC: Thomas Demark Calls For Risk of 60% Crash In S&P 500
"Thomas Demark is calling that the next two - three days will be critical and if the markets go down they can unravel very quickly. If today's weak ADP report can be taken as any guidance the coming up Jobs Report can be weak as well. We think that his call is very extreme, but Taper Pause is becoming the reality with every sell off in the market. Thanks to Bernanke, Janet Yellen has her FED Chair Crisis right at the start of her reign. Gold is fighting the gravity and market manipulators at the $1270 level and once it will close above it the mother of short squeeze in Gold will arrive."
Gold Goes Vertical Above $1270 On Weak ADP Report GLD, MUX, TNR.v, GDX
The Chinese Government’s Gold Policy, From The Horse’s Mouth MUX, TNR.v, GLD, GDX
"Koos Jansen reports how China implements Gold accumulation plan with the military precision and appropriate attention to the detail. We should not be fooled by the reported official numbers as China uses different tools to accumulate gold reserves. Jim Rickards has addressed this issue in his interviews before and now we have another confirmation of the State-level Gold policy implemented in China. This policy stands in the very sharp contrast with the Ben Bernanke's confession that he does not have a clue what Gold really means.
China knows about the fraud in the Fractional Gold Reserve System in the West and that there is no Gold left, like case with Germany Gold repatriation clearly demonstrates, and takes no chances by taking all available physical delivery in the higher purity 1 kg Gold bars. Last year we have already witnessed the first results of this plan broad implementation with China becoming the top Gold consumer in the world."
China knows about the fraud in the Fractional Gold Reserve System in the West and that there is no Gold left, like case with Germany Gold repatriation clearly demonstrates, and takes no chances by taking all available physical delivery in the higher purity 1 kg Gold bars. Last year we have already witnessed the first results of this plan broad implementation with China becoming the top Gold consumer in the world."
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