In 80s was misery index, now should be the insanity index(1)
The insanity index measures the insane leadership
and guidelines that determines everything, and for
us as our particular concern, the gold price.
'Gold, the Misery Index, and Insanity index next?'
by Gary Christenson, Posted on March 28, 2016
https://deviantinvestor.com/7755/gold-the-misery-index-and-insanity/ "The Insanity Index:
An index could be created – but what is the point? The United States fiscal and monetary policies passed “crazy” long ago, and now are pushing deeper into insanity with negative interest rates, a war on cash, out of touch Federal Reserve policy, insane debt, QE, uncontrolled deficit spending, and a “what could go wrong” attitude. Clearly the “paper game” has a limited life expectancy, Wall Street is due for a reset, government spending programs and pension plans are on life support, food stamps and student loans are two of many programs aggressively pushing the U.S. government into insolvency – and the solution is … negative interest rates, more QE, and a war on cash!
(It's) Desperate and delusional!"
(2)
We all know that the paradigm of, QE money printing,
low to negative interest rates and sovereignty debt
bubbles doesn't work, but that is what we continuously
get from the west's elites that run the world, in particular
the paper gold markets of the COMEX and LBMA.
So this outcome could very well happen now.
'The Last Time Producers Were This Short of Gold Futures
Gold Crashed Two Months Later'
by Ceo Technician
This time expecting a drop to around $1140.
https://energyandgold.com/2016/03/25/the-last-time-producers-were-this-short-of-gold-futures-gold-crashed-two-months-later/ "I think Gold prices are heading back down under 1180 where we want to be buyers. This has allowed the 200 day moving average to slope higher and I think any pullbacks under 1180 can be bought. Closer to 1140 would be even better.”
(3)
But what happens next month if China's shanghai
physical gold exchange opens then, like it look likes
it will, and starts to take over from the paper gold
exchanges of the US COMEX and British LBMA?
'Game Changer: China Set To Start Yuan-Based Gold
Price Fix In April 2016'
by Amando Flavio, January 27th, 2016
https://anonhq.com/game-changer-china-set-start-yuan-based-gold-price-fix-april-2016/ "In an attempt to rise to this challenge and break the Western monopoly on the precious metal, China is reportedly warning foreign banks that they must participate in the Yuan-based gold price fixing or lose their Chinese gold import rights.
Reuters reports that this first-ever Chinese benchmark is set to launch in April this year, and could be a game-changer for gold prices. The news agency also adds that the Chinese price fix has the potential of denting the relevance of the current global standard, especially the US dollar-denominated London price."
and
From
https://goldstockbull.com/articles/gold-price-discovery-moving-to-china-in-april/ "The Shanghai shock is not likely to materialize all at once and cause an immediate collapse of the dollar, the COMEX or our fiat monetary system. However, it is another nail in the proverbial coffin and significantly increases the odds of more honest price discovery in precious metals as it moves from West to East."