Jim Sinclair put it best…What does this secrecy indicate about the gold market and its fundamentals?
By Lars Schall
Officials of the Central Bank of Russia declined to comment on specific questions related to Russia’s gold policy. With that refusal,the Bank of Russia forms a queue with the Deutsche Bundesbank,the U.S. Federal Reserve,the New York Fed and the Bank of England,which I contacted in the past.
The following message was sent to Moscow to two senior officials of the Bank of Russia in English and Russian:
Dear Ladies and Gentlemen,
my name is Lars Schall, I am an independent financial journalist from Germany. On behalf of Matterhorn Asset Management in Zurich,Switzerland and the Gold Anti-Trust Action Committee (GATA), I would like to ask if you could forward the following questions to Mr. Oleg V. Mozhaiskov and/or Mr. Alexej Uljukajew,please?
Something very interesting happened last Friday that caught the attention of many gold analysts, market watchers and central bankers. The price action in the global markets versus Gold seemed to indicate a decoupling effect which signals increased recognition of Gold’s safe haven functionality as well as the continuing deterioration of financial conditions around the world. For years, gold and silver spot prices have been manipulated by big monied paper shorts and other leasing agreements which put downward pressure on the bullion spot price. This was and has been engineered deliberately to discourage the uncommitted from linking central bank policy to an increase in the price of these commodities, but on Friday the manipulated metals swung back. In the face of a plunging market, both gold and silver prices shot higher and the corresponding mining shares held strong despite falling equities. This led to a number of incredibly time-critical articles being written which seem to underline impending, imminent, and likely catastrophic money printing.
Given the synchronicity of these developments with the prophesied June 5-6 date, venus transit, and even Jim Sinclair’s proclamation that the US Dollar will die June 28 due to China’s agreement to buy oil from Iran in gold- I implore all of you to connect the golden dots to better prepare yourself for what looks to be the most significant economic shift in the history of the world.
Greg Hunter – Gold and Dow Flash Same Warning Signal
Don Coxe – Emergency Fed Meeting and Gold Backed Bonds
Stephen Leeb – Chinese Gold Imports Spike to Staggering Record Level
James Turk – Bank & Government Collapse, Gold Spike Coming
This is a timely and shocking bit of intel coming from Don Coxe on King world news. The gold price action for the mining shares as well as spot physical on Friday really does seem to signal something huge in the not too distant future. Read More@ King World News