Attacked with a vengeance
Andy Hoffman
Tuesday, March 25th
Since last Sunday – when gold hit $1,397 before the 30th “Sunday Night Sentiment” attack of the past 31 weekends – the Cartel has attacked PAPER PMs with a vengeance, to quell its recent surge and convince the world all’s well yet again. Unfortunately, nothing has changed, and gold’s “golden cross” (with silver’s upcoming shortly) indeed occurred – whilst global economic data and geopolitics have only worsened. Per Monday’s article, “golden life preserver in a sea of lies,” and Tuesday’s “cycle of bad advice,” this is the time to ignore the propaganda – like Goldman Sachs’ brutal anti-gold hack job – and pay attention to reality; especially with prices of both metals trading well below their respective costs of production.
Let’s see what happens after Wednesday’s April COMEX options expiration, and Friday’s “first delivery day.”