Categories



TheLibertyMill




The Phaserl








AvatarProducts

Desperation Time

from TF Metals Report:

Wow! A few years back, the early release of The Fed’s latest FOMC minutes to a handful of their friends would have sparked outrage. Now it’s just…whatever. Everything is so freaking corrupt anymore, nobody even cares.

So I guess now we know why gold rolled over yesterday afternoon, after such a staunch rally. And I guess we know why it was sold overnight. Throw in the very-well-timed Reuters report of a 9-10 metric ton confiscation sale of Cypriot gold and whadayaget? Gold down $20+, that’s what you get! A very well-played Cartel hand of observing some Spec short-covering yesterday and then drawing them right back in today. One of these days, a rally will finally establish some momentum. A new UPtrend will begin and the Specs will begin to feel some serious pain. That day is NOT today, however.

http://www.zerohedge.com/news/2013-04-10/meet-fed-employee-who-leaked-fomc-minutes

http://www.zerohedge.com/news/2013-04-10/here-we-go-cyprus-sell-€400-million-gold-finance-part-its-bailout

Here are some updated charts. As you can see, I printed them before another paper bomb was dropped on the Comex a few minutes ago. Oh, well. I guess we’ll just keep an eye on things here and see just how far the can beat it down. As I type, I’ve got $1558 and $27.58. As a side note, I was encouraged on Monday that silver held much better than gold and it is doing so again today.

Read More at TFMetals.com

Help us spread the ANTIDOTE to corporate propaganda.

Please follow SGT Report on Twitter & help share the message.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>