by Andrew Hoffman, Miles Franklin:
Despite every “cap” and “attack” algorithm imaginable, gold has rallied more than $50/oz in the past week, and silver nearly $1.50/oz. That said, even Zero Hedge, by far the world’s best alternative news outlet, cannot get past its eternal “blind spot” towards the most blatant, world-destroying manipulation of all. To wit, it posts dozens – if not hundreds – of articles discussing every market “intervention” but Precious Metals; despite dramatic evidence proving such, including countless admissions spanning not just years, but decades. Consequently, I wasn’t surprised to see its mindless headline this morning, of “gold jumps despite stronger dollar.” I mean, my god, the gold price has had essentially ZERO correlation with the dollar index for the past decade – as it rightfully shouldn’t, given that the “dollar index” simply refers to the dollar/Euro and dollar/Yen exchange rates. In last year’s “if a nuclear bomb destroyed Europe,” I discussed how it matters not how the dollar performs against other fiat trash – but to the contrary, how it stands up against real items of value like gold and silver – over the long-term. And yet, Zero Hedge still succumbs to the propagandists’ #1 gold myth!