Today there were several key pieces of news that most mainstream media outlets probably didn't focus on too much as usual.
One of these was the fact that gold hit another all time record at noon time today of about 1274.00, before settling back down at around the 1270.00 mark. Silver too is poised to break out to all time highs as well.
This, along with news from around the world that central banks throughout are increasing their gold supplies, as are Russia and China, should continue to send the yellow metal to even higher positions. Especially when in the past 2 years there have been reports that several shipments that have been made from western nations have been found to have been fake tungsten bars, should also contribute to the increase of this very precious commodity.
If gold was actually priced according to the standards the U.S. used to measure its value as per the 1970's early 80's, the price should actually be around the 6,500 dollar mark per oz!!!
But with new creative accounting standards and inflationary measures that allow for ultimate price control of the metal, it is barely approaching the 1300 mark.
Another sign that things are not as smooth as the powers that be make it out to be is the fact that the Yen, another heavily indebted currency, is reaching all time highs against the Dollar, the king of all indebted currencies. This should also be sending red flags to many that there is something not right in the global picture.
The Treasuries too in the past several weeks have been reaching some very low yields as this bubble too gets ready to pop!
And the following website also makes reference to how smart money investors in the past few days have been purchasing huge put option contracts for October, as if to expect a major market down turn.
In my humble opinion, this will be the case in large part due to the attack that will come upon Iran. Oil will go above the 200 Dollars a barrel mark, gold would initially shoot up to around 3,500, and the markets world wide would reel and be very heavily affected.
http://www.youtube.com/watch?v=e_7aCsUeCwQ
One of these was the fact that gold hit another all time record at noon time today of about 1274.00, before settling back down at around the 1270.00 mark. Silver too is poised to break out to all time highs as well.
This, along with news from around the world that central banks throughout are increasing their gold supplies, as are Russia and China, should continue to send the yellow metal to even higher positions. Especially when in the past 2 years there have been reports that several shipments that have been made from western nations have been found to have been fake tungsten bars, should also contribute to the increase of this very precious commodity.
If gold was actually priced according to the standards the U.S. used to measure its value as per the 1970's early 80's, the price should actually be around the 6,500 dollar mark per oz!!!
But with new creative accounting standards and inflationary measures that allow for ultimate price control of the metal, it is barely approaching the 1300 mark.
Another sign that things are not as smooth as the powers that be make it out to be is the fact that the Yen, another heavily indebted currency, is reaching all time highs against the Dollar, the king of all indebted currencies. This should also be sending red flags to many that there is something not right in the global picture.
The Treasuries too in the past several weeks have been reaching some very low yields as this bubble too gets ready to pop!
And the following website also makes reference to how smart money investors in the past few days have been purchasing huge put option contracts for October, as if to expect a major market down turn.
In my humble opinion, this will be the case in large part due to the attack that will come upon Iran. Oil will go above the 200 Dollars a barrel mark, gold would initially shoot up to around 3,500, and the markets world wide would reel and be very heavily affected.
http://www.youtube.com/watch?v=e_7aCsUeCwQ
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