Tag Archives: Marketwatch

“Why Fed Bugs Really Hate Gold”

The media campaign against gold continues. With Congress ordering magical fiscal bailouts from the Treasury, Trump conjuring up continued $600 weekly unemployment payments by executive order, and the Fed adding assets of every dubious stripe to its swollen $7 trillion balance sheet, gold prices predictably spiked to over $2,000 per ounce last week. Right on schedule, Fed bug journalists respond with a litany of “Gold is foolish, don’t buy it!” articles. In fact they sound like real estate agents in reverse: there is never a good time to buy. Gold goes up relative to the dollar; it’s overpriced and poised for a big fall. Gold falls below $1,100, as it did in 2015? See, we told you this worthless shiny metal was headed down! (article link below)

Gold is the kryptonite of the fiat currency, fractional banking monetary system.  It is sunshine to the vampires who control the money supply and conjure up fairytales which purport an ability to be able to control  the natural laws of economics through the use of modern monetary policy tools.

When gold starts moving higher in price enough to get noticed by the general population who otherwise have been told ad infinitum that gold is nothing more than a useless barbarous relic, the mainstream anti-gold media swarms into the action:  Gold Is A Foolish Place To Put Your Money

The Mises Institute posted a must-read commentary on the mainstream media and financial world’s irrational hatred of gold:  Why Fed Bugs Really, Really Hate Gold.

 

Anti-Gold Propaganda Reaches Bubble Proportions

The anti-gold propaganda spewing forth from all corners of the media is greater and more intense than I’ve ever seen any investment propaganda.  Every time I turn on Bloomberg, FoxBiz or CNBC there’s a discussion of how useless gold is.  It’s beyond surreal – it’s criminal.  – Investment Research Dynamics

There’s a new bubble in town.  It’s anti-gold propaganda.  I prefer to reference it as “anti-gold terrorism.”  It’s to the point at which it’s become silly – outright preposterous.  This Orwellian-derived antagonism toward gold reached its apex – at least I so thought – with the “gold is a pet rock” article in the Wall Street Journal:  Let’s Be Honest About Gold:  It’s A Pet Rock.

The article and analysis – or poor excuse for “analysis” contained therein reads like the work of a drunk five-year old.  Shame on Jason  Zweig for attaching his name to it. He can no longer be taken seriously in any regard as a journalist.  Shame on the Wall Street Journal for publishing that fermented piece of scatology.  If Jackson Pollack had produced a painting using fecal matter which lampooned the anti-gold terrorism coming from the media, that’s what it would have looked like.

Perhaps today the absurdity has reached the apex of its crescendo with this utterly ridiculous “letter to gold bug” published by Marketwatch:   It’s time to surrender and let the yellow metal fall to its bear market low

Seriously?  Here’s an open question to Howard Gold:   How can any market be said to be in a “bear” market when the forces driving it lower are Central Banks and Governments who wake up in fear every day over the possibility that gold might exploded higher and reveal the truth about the size of the lie our entire system has become.  Including YOU, Howie.

There are no markets anymore, only interventions (Chris Powell, Treasurer of GATA). Definitionally, the trading of gold can not be termed “a market” because it is not allowed to trade in a legitimate bid/ask exchange.  The “ask” side is nothing but fraudulent paper.  Therefore, it is completely invalid to reference gold as being in “a bear market.”  How about that, Howie, your “letter” is completely invalid – by definition.

What is it that the elitists fear so much that they have resorted to flooding the airwaves and internet with thoroughly foolish propaganda and lies?   I think anyone reading this knows the answer to that rhetorical question.

It’s far worse to be disappointed than pissed off.  I’m no longer pissed off about the unfettered criminality that has engulfed our system.  I’m disappointed by it.  These people have rendered useless and meaningless the efforts of anyone who attempts to conduct their affairs legally and morally.  If the elitists running the system are above the law, why should the masses abide?

The gloves are off.  I would urge everyone who reads this to “tweet” it at Howie:  @howardrgold.   He’s too much of a coward to list an email address on Marketwatch.com.

Of course, all of these so-called “experts” on the gold market in reality know nothing about it.  In fact, the propaganda will likely be for naught.  India a couple weeks away from it’s strongest seasonal period for importing gold.  The country has already imported significantly more gold YTD than 2014, contrary to the fraudulent media reports from Reuters and the UBS research department.

And then there’s China.  China is currently importing gold at a run-rate that exceeds the annual amount of gold produced by mines globally.  It too is getting geared up for another strong seasonal buying period.  It’s interesting that an “object” into which China is converting billions of dollars into has been summarily dismissed as “a pet rock” by Jason Zweig, Rupert Murdoch and the puppets who publish the Wall St. Journal…