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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Message: Gold Down

Gold Down

posted on Sep 09, 2008 02:21PM

"...A coordinated effort on the part of the banking cartel / governments / media is attempting to push the $ higher in an intervention using the guise that magically, only now Euro-zone growth is slowing / weaker than expected (while the rest of the world has been coming unglued for some time), and for this reason Euros should be sold in favor of $’s. As a result the $ has found new life at the expense of both the Euro and gold, with the latter suffering because the banking cartel says we should watch for weakness in the former (and strength in the $), and sell once observed. Furthermore, the more profound result of all this is that it’s keeping people from objecting strongly enough to shut the Fed down, giving them license to continue bigger bailouts, monetizations, and renewed acceleration in currency debasement.

For investors, it’s imperative one understands this, because with central banks attempting to thwart the business cycle using free-floating currencies, in order to do this they must accelerate debasement rates whenever economic weakness is encountered, in the end essentially meaning all fiat currencies are in a race to zero. Just look at how out of control things have gotten in the Euro-zone concerning monetary largesse, which of course is the real reason the Euro is weakening against the $, this and the expectation rates are set to drop. And again, all this has been used to engineer the price of gold down within the larger process / game as well, which is ‘sweet’ from the perspective of the international brotherhood of central bankers. Now they have all the justification they need to print increasing new currency with king $ telegraphing just the opposite is occurring – on relative basis at least."

http://www.financialsense.com/fsu/ed...

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