Blistering, 2 Big Announcements (waiting)

http://www.arabianmoney.net/gold-silver/2014/01/25/china-corners-the-gold-market-like-the-hunt-brothers-goosed-silver-in-1980/


When the COMEX Anouncess theres not enough physical gold for delivery no one will want phony cash (world wide this will be immediate)

There will be the beginning of a surge into gold / silver early 2014

Then When China announces their official gold holdings world wide there will be a pile up into gold as fast as possible with a deflection through the $2000.00 dollars an ounce a good chance of this happening is on April 15th 2014

Stay engaged stay informed

GnS+Research

http://www.arabianmoney.net/gold-silver/2014/01/25/china-corners-the-gold-market-like-the-hunt-brothers-goosed-silver-in-1980/

Posted on 25 January 2014 with no comments from readers

China has effectively cornered the gold market over the past couple of years by draining the vaults of the world and will now create a shortage of the yellow metal that will hike its price just as the US billionaire Hunt Brothers goosed silver in 1980 and sent the price to levels it has never achieved again in 34 years.

Only this time around something is different. The Comex won’t be able to change the rulebook as it did to bring the Hunt Brothers’ empire crashing down with the silver price. China has actually taken possession of the physical gold. It is not a paper derivatives contract at stake this time.

Gold watchers

Gold watchers are waiting for two announcements at the moment: the hour of reckoning when the Comex no longer has sufficient gold in its warehouses to cover deliveries; and a report from China that its official reserves are up from 1,054 as last reported five years ago to more than 5,000 tonnes.

How anybody can be fooled by Goldman Sachs and Morgan Stanley into thinking that the next big move for gold will be back to $1,000 we don’t know. Did somebody not once say that if you are going to tell a lie make it a big one and people will believe you?

What these US investment banks have done is to capitalize on investors’ myopia: they only see what is in front of them in US financial markets and don’t see the wood for the trees. Think US domestic short-term and you have a recovery on your hands and a runaway stock market.