Is The USD Strength Way Overdone?
Brien Lundin, Editor of Gold Newletter joins me to share his thoughts on why the USD is going to rollover and this will provide the impetus for investors to move into gold. With the strength in gold as the USD had a big move up yesterday as well as US equities in an uptrend it is cause for optimism for gold bulls.
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Paul Craig Roberts described this process as it is used in the gold markets:
“This manipulation by the Fed involves the short-selling of uncovered Comex gold futures. “Uncovered” means that these are contracts that are sold without any underlying physical gold to deliver if the buyer on the other side decides to ask for delivery. This is also known as “naked short selling.” The execution of the manipulative trading is conducted through one of the major gold futures trading banks, such as JPMorgan Chase, HSBC, and Bank of Nova Scotia. These banks do the actual selling on behalf of the Fed.”
Of course, the European Establishment does not want the EU to break up.
The traitorous idiots that live off corruption in England will force a new vote on BREXIT, (and hopefully, despite the ubiquitous propaganda for remain, the citizens will still vote for Brexit.)
Catalonians and the Basque are fed up with being suppressed by Spanish entrenched power leeches.
Venetians are sick of rule from Rome.
Austrians are tired of imposed invasion of rapists and welfare grabbers.
Swedes are about to revolt over police hiding rapes and suppressing reports and news media black-outs.
The whole of Europe is a smoldering powder keg that is only delayed from exploding by an entrenched powerful bureaucracy that bribes and suppresses the truth with endless propaganda. Sooner or later the great experiment will end, probably violently.
Sooner or later the populace will realize that they are being bribed by being handed back a trickle of their own money by the political elite who live high on the hog squandering much of the real wealth produced the hard working poor.
Nigel LaFarge and Tommy Robinson will make Britain great again or Westminster Abbey and St. Paul’s will be converted to mosques one day.
Meanwhile in Rome let’s build a new football stadium to pacify the masses….
Associated Press – 6 minutes ago
ROME (AP) — Rome’s mayor is hoping to go ahead with the construction of a new sports stadium but says she will review the plans following a new corruption scandal.
Nine people were arrested this week for alleged corruption involving bureaucratic aspects of the long-delayed stadium, which is to host the AS Roma soccer team.
Raggi met Friday with Roma’s director general, Mauro Baldissoni, and said she would testify to prosecutors. She stressed that she is not implicated and that the city of Rome is a victim in the case. Roma too has stressed that it is not implicated.
Among those detained are the stadium’s main constructor, Luca Parnassi, and six colleagues, some of whom have ties to Raggi’s 5-Star Movement and the League party
long CATS
https://www.zerohedge.com/news/2018-06-14/market-forecasting-dead
To see proof of this, one just has to check the latest Comex Reports to see that the current ratio of paper gold to physical gold is 176:1.