The Propaganda Against Gold is Constant and Two Faced (Flight to Safety and “Risk Aversion” – Fleeing to the Dollar for “Safety” – What a Joke)

One day gold is a flight to safety.  The next day “investors” are abandoning gold because of  Risk Aversion and they want to flee to the “safety of the dollar.”  What shear fabricated nonsense.   The story changes almost daily to suite the needs of those who have no knowledge, comprehension or desire to the truth behind the ongoing and massive super concentrated manipulation in the gold and silver markets.

Over the last 9 years, Gold has been the safest play and over the last 5000 years its also been safest play in terms of stable money.   Only through massive government incompetence and central bank medaling are the monetary metals temporarily made to appear to have lost some of their value.  This last round they really messed it up but it always out lasts the machinations, corruptions and incompetence of governments and central banks.

In my opinion when the anti Gold Cartel can not directly control the price of gold through there massive concentration of paper short positions in the futures market, they turn to the government reporting departments.   The latest non-farm payrolls report was used to try to smash gold.   The highly positive number was at complete odds with all the other supporting data from what I can tell but it did cause the dollar to bounce smartly from its lows and that was used as an excuse to attack gold.  Keep in mind folks, gold is rising in a long term trend against most major currencies but the use of MOPE (management of perceptual economics) to scare and cajole weak shorts out of the market is a continuous and somewhat effective technique.  The financial press usually just reports the number as if it were gospel or a scientific measurement.

So is gold a hedge against government and central bank incompetence (flight to safety) or is it a risk bet and when it looks like the economy is strong “investors” flee gold to the safety of the dollar?   What a crock!

No, its all manipulation by a no more than three or four banks that cooperate with the central bans in the US and England to do everything possible to keep gold from developing too much excitement and to support the crushing (and in my opinion illegal) super concentrated Short positions in the precious metals markets.  This is all done as the CTFC and SEC look the other way.

Lets look a little closer at the non farms job payroll number:

The super good  Payroll Number for November and huge revision in the October NFP up 157K is beyond ludicrous.   ADP data showed large declines and the tax receipts and ISM data continue to show big declines in retail sales and consumer confidence.

The ridiculously good November NFP is beyond comprehension. It is not supported by ADP data, other private data, ISM data, tax receipts, which still show large declines, retail sales or consumer confidence.

As King recently pointed out:

“…For the past three months, which BLS has job growth of 1.177m, withheld income & employment taxes are $471,307. For the same period last year, with job losses of 120k, taxes are $581,857.

How can the past three months show job growth of about 1.3 million y/y when withheld income & employment taxes declined from $581,857 to $471,307 ($101.5B), for a decline of 19% y/y!!!……”

Duffminster

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