The Phaserl


The Daily Metals Grind…

by Jeff Nielson, Bullion Bulls Canada:

It’s Wednesday June 26th, and with the Banksters up to more of their games in bullion markets; I’m getting an early start on The Grind today. Presently the price of gold is off around $45/oz to $1232; while silver has been pushed all the way below $19/oz.

Prices have no meaning. This is rapidly going to bump some of my other mantras out of their top-5 positions (lol), as it is likely something I will need to repeat regularly. We get a perfect demonstration of this today.

The big economic news of the day? A HUGE downward revision in first quarter U.S. GDP. This was the third and final “estimate” of this lie, and the way statistics are supposed to work is that by the third estimate there is little left to “adjust”; and the final number is only a tenth of a point (or two) from the previous estimate.

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