Is the Fed Losing its Grip

Email Print
FacebookTwitterShare

February 14, 2014 – Russell, get off it, and tell us — What do you really think is happening?

I hesitate to say this because it’s so extreme, but I believe the world is in a depression. We’re being lied to by a frightened and desperate government and Federal Reserve. Sooner or later the US public is going to realize that we’re in a depression. The government and the Fed will fight the gathering depression with lies and propaganda. To fight the depression, the Fed will open the money spigots wide, creating new trillions of “dollars.” Some wise investors are aware of all this, which is why gold continues to push higher (over $1300 an ounce today). IF we had the actual gold, I feel that the US would unilaterally raise the price of gold to $5,000 or $10,000 an ounce. The government is not doing this because we don’t have the gold. Once the news of the US gold reserves being depleted is out, this will result in an unbelievable scandal. Once the dollar index closes below 80, the fireworks should start. How many items can the Fed manipulate? Sooner or later the Fed will lose its grip on bonds, the dollar, stocks or gold. I think gold over 1300 suggests that the Fed is losing its grip.

Actual physical gold is becoming scarce. With gold climbing over $1300 today, we’ve seen the end of bargain-priced gold. I continue to like CEF which is gold and silver in Canada.

Below GDXJ turning bullish and breaking out of a huge base. The P&F projection or target is 57, I think this is a really interesting spec.

Read the rest of the article

Email Print
FacebookTwitterShare