Tuesday, May 29, 2012

Coordinated takedown of precious metals and mining stocks

Watching Wall Street today as all of the sudden the GLD, SLV, and HUI INDEX started down.  Now a peek at the miners shows them all going down together.  Symbols like AUY, NEM, SLW, GDXJ, CDE, even TRX all going down together.  

Also FB is below $30.00 now and AAPL and GOOG are losing their $600 psychological level.  The U.S. Stock Market is ripe for a crash and the saying now is, "Get in cash for the crash."

Has anyone else seen this?  Marc Faber and Jim Rogers have been saying to buy U.S. Dollars as significant asset deflation and recession comes this year in the fourth quarter.  According to Marc Faber this has 100% certainty of happening. 

Faber expects GOLD to break down below $1522:




Somehow the "truthers" and "Ron Paul Cult" are still pumping gold and silver.  But Bernanke is going to win this one.  He's taking GOLD down to below $1,000US and SILVER back around $10US or even less.  I'd still like to know how to buy US DOLLARS?  Can anyone show me?  The spot price of a US DOLLAR still remains at $1.00.  

I'm 100% convinced that this was intentional by insiders (including Ron Paul) when he held up his 1 ounce silver coin while questioning Ben Bernanke:
http://thenewsunit.blogspot.com/2012/03/precious-metals-devaluation-conspiracy.html 


And I also agree with recent YOU TUBE commentators such as Cory C. and Rawdoglet who suspect Ron Paul is going to endorse Mitt Romney now.  This could spark a renewed interest in gold and silver after the next phase of major asset devaluation and probably even a currency reset here in the U.S.A.

Live 24 hours gold chart [Kitco Inc.]

Live 24 hours silver chart [ Kitco Inc. ]
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