Can you feel the pulse? Perfect storm for GGM? (and countless others). Good news when gold soars? Gold at $1500 by October? $300/oz more for $5 million ounces plus exploration? Uh, valued at $20/oz. in the ground today? Expect coming valuations up to $500/oz. in the ground for many. Uhh … 7 cents???? Who is screwing who … for now?
The interminable arrogance of those in concert to short, naked short or continue serial fraudulent criminal acts against the precious metals and their stocks continues. But, nothing lasts forever and according to many respected and experienced experts the jig is almost up. This morning we see the PM stocks being lashed yet again. Is it out of fear now? Has the massive, accumulative physical buying of gold in the East over many years finally tipped the scales? Is the stage now set for a global Reset of currencies partially backed by gold (China, Russia, India, sovereigns and elite wealth)? The Western governments are bereft of gold now except for Germany and Italy. (the U.S gold vaults have not been audited since 1956 and the suspicion is that there is no gold left in Fort Knox that belongs to the U.S.) Is the COMEX about to settle for cash payouts for gold contracts? (default) Are you watching the $US?
Here is one of the latest in a string of upbeat predictions over the last few weeks. Clive Maund’s latest and he really puts it on the line! “Let me be absolutely clear: - we are now at the threshold of a barnburner rally in the Precious Metals sector, and silver is set to scream higher driven by a massive short covering panic, because short positions in it have ballooned in recent weeks to levels way above what we saw in December 2015, when silver hit its final bearmarket bottom, before the big sector rally during the 1st half of 2016. “One of the best buying opportunities in Years! https://silverseek.com/commentary/silver-green-alert-one-best-buying-opportunities-years-16769
All of this combined with cautions of an imminent market crash (https://www.zerohedge.com/news/2017-07-24/mystery-investor-has-made-262-million-bet-stock-market-will-crash-october) could cause a sudden rush into the miniscule PM sector that could see gold, silver and their stocks (even ‘Moose pasture’) soar soon.