“Three times this week, I am going to tell you the low price of gold with near perfect accuracy, and one of those three times, I am going to tell you events that will precede the low and the exact time that gold prices will crash.”
You would likely conclude that either:
(1) I am somehow directly involved in setting the price of gold in paper derivative markets, or
(2) that since nearly perfectly predicting gold price movements three times in one week in a free market is impossible, that such an accomplishment would serve as indisputable proof that gold markets are rigged and manipulated by bankers, as none of my predicted price targets depended upon technical chart analysis of any kind.
So let’s summarize my calls regarding gold price movements on three separate occasions last week, and why I feel that the accuracy of these calls serve as indisputable proof that Central Bankers and their agent bullion banks manipulate the price of gold and silver.
(1) On Friday May 3, I told my clients that gold was going to waterfall by $40 to $1435 an ounce starting precisely at 8:30 AM in a “coordinated” attack planned by the Feds when gold was still trading at $1,475 an ounce in Asia, using a “false” unemployment data release to get the decline started. At 8:30 AM, gold started to waterfall decline all the way to a hair above $1,440 an ounce.
(2) On Sunday, May 5, with gold closing at $1,469.90 an ounce the previous Sunday and before Asian gold markets opened, I stated that gold would at least fall again to $1,430 an ounce or lower. On Tuesday, May 7, even when gold trended higher to $1,471 an ounce in Asia, I reiterated to my clients that gold would FALL to $1,430 an ounce in New York later that day. When gold declined close to $1,440 we closed out our initial GLD puts.
(3) On May 8, with gold trading at $1,455.70, I predicted that the bankers would knock gold down close to $1,400 an ounce. On Friday May 10, I amended this prediction, based on further data, to a raid that would result with gold falling to a range of $1,400 to $1,430. Gold fell to a low of $1,418.50 in NY trading that day, exactly in the range I predicted. We closed out the rest of our GLD and SLV puts that day.
For more details of the above calls, I have provided below a few sentences of the series of alerts I sent to our Crisis Investment Opportunities newsletter and Platinum Member clients last week:
On Thursday, May 2, 2013, I released this alert to clients during NY market hours:
“Were you to take a hedge against the monthly US non-farm payroll Friday gold and silver price slam that may occur tomorrow…we are looking at the May 24, 2103 puts on the GLD ETF that are trading at $2.85 a contract now at a strike of 142.00.”
I further updated our position on May 3, 2013 to our clients after reviewing more data earlier that day, many hours before the COMEX open in NY. Note that the price of gold was still $1,475 an ounce at the time of this updated release:
“With the release of fraudulent US non-farm payroll and employment statistics today at 8:30 AM NY time, this may present the best opportunity of the month for a COORDINATED banker attack and raid on gold and silver in the paper markets again, so beware of a potential raid again today…Though gold is up over $1475 an ounce in Asia [right now] and silver well over $24 an ounce at $24.12 again, the price movements in Asia do not matter if the bankers want to raid the price in paper markets in New York and London…I would not be surprised in the least if they go for a big raid in the range of a $40 to $50 drop in gold today.”
So what happened several hours later that day? Precisely at 8:30 AM as I predicted, gold started a waterfall decline that bottomed a tad above $1,440, $35 lower than its price in Asia of $1,475 when I sent out the notice of a coming banker gold and silver raid. The banker raid in gold came within $5 of our target of $1325 to $1335 for the day.
On Sunday, May 5th, I released this statement to my clients:
It is “my belief that the bankers are looking to take gold down below $1450 to at least $1430.” Gold had closed at $1469.90 that previous Friday. Thus, for my prediction to come true, gold needed to fall a very significant $40 an ounce from its price at the time of my alert.
On Tuesday, May 7, I updated this with the following release to my clients:
“With gold closing at $1471 yesterday, another $30 to $40 raid would serve the bankers well as they could release more propaganda about the “risky” nature of gold and silver in the media with another mini-raid. I am thinking…that this push may come tomorrow [Wednesday].”
Regarding our open GLD put options, I stated, “We would take at least some profits from our GLD May 24, 2013 puts with a strike of 142 off the table right now…as these puts are now trading at about $4.05 a contract. Then ensure that you have an exit strategy to protect profits on the rest of your puts.” Having opened these puts at $2.85 a contract, this yielded a quick 42% profit.
On Wednesday, May 8, I sent this notice out to my Platinum clients:
“They [the banking cartel] think they can push the paper price down closer to the $1400 level…Furthermore, even though gold is presently trading at $1455.70 as I write this, and that means another $55 drop, this is exactly what the banking cartel is aiming for.”
On May 10, after acquiring more data, I amended my price target for an upcoming banker raid in PMs and informed my clients several hours before COMEX open that bankers plan to “take the price of paper gold down to somewhere between the $1,400 to $1,430 level”.
Thus, on two occasions last week, I predicted nearly the exact declines in gold price and predicted the exact days when the price declines would happen, and on a third day, came within $10 of the zone in which gold declined, all based on actions that I saw the Central Banks and their puppet bullion banks taking on previous days. Obviously in a free market, making such predictions with such accuracy would literally be impossible. This can only serve as extremely strong proof that gold and silver markets are NOT FREE by any definition of the word “free.”
Even so, through all this volatility, I never once advocated that my clients dump their physical gold and physical silver and try to buy back their stacks at lower prices. Why? Because during most of this time, the premiums to buy physical silver, especially 1 oz. silver coins, were at a minimum, 15% to 20% higher than the fake paper prices bankers were setting in their paper derivative markets. Because gold and silver inventories shrink rapidly with every subsequent banker raid on PM prices and demand continues to be elevated, as proven by JP Morgan’s collapse of COMEX gold warehouse deposits over the last several months, we can never be sure of when the day will arrive when one opts to sell out of their physical stack of PMs and then tragically, is unable to re-buy it. I believe this risk is not worth taking, and that people should only have used this banker raid to stack more at lower prices if possible.
Regarding the subject of mining stocks, yes, they have taken a brutal beating, and this sector of the gold/silver investment arena has yet to recover. In time, it will. Please do not focus on the short-term losses in this sector due to the brutality of the recent raid on PM stocks but rather focus on the increasingly bullish fundamentals of the physical PM markets. We firmly believe that the proper approach is a long-term horizon, for when this Central Banking charade crumbles, and it will, the gains in ALL gold/silver assets are likely to be just as fast and furious to the upside as these banking raids were brutal to the downside. Patience is usually the Achilles heel of gold and silver asset accumulators, especially given the incessant meddling of Central Banks into gold and silver markets that causes enormous volatility.
During the times gold and silver accumulators stay fully vested in mining stocks, these are admittedly the most difficult periods to emotionally handle. We acknowledge this. However, we strongly feel as though this enormous volatility causes undue emotional distress in many gold and silver accumulators that fail to focus on the fundamentals of the physical markets, which always drive long-term price behavior and instead obsess about the excessive banker rigging of paper gold and silver markets that always drives the short-term waterfall declines.
Understanding manipulation, however, is the key to remaining patient enough to reap the enormous rewards in PM markets that inevitably follow periods of excessive banker price manipulation such as the one we are currently experiencing. I firmly believe that when these banker raids in the paper price of gold and silver fail in the future (see “Why the Western Banking Cartel’s Gold and Silver Price Slam Will Backfire” here to learn why) that the confidence in global currencies such as the yen, the USD, the euro, and the pound sterling will plummet, and ultimately this rapid loss in confidence in fiat currencies is what will drive gold and silver rapidly to higher prices.