Precious Metal Miners Could be in the Sights of the International Bankers

Back in its infancy of this gold bull run seven or eight years ago, the HUI gold index was something like 45, and gold nuts were screaming for their friends and families to buy-in. Few did. It was considered impolite at the time, and besides momentum hadn't taken hold. Investors didn't peer over the edge of the box they were living in. Earlier this year the HUI went over 500. Rudimentary math says that's a 10X gain. The HUI is now back down to 250. Ouch! Junior miners down even more. Why?

Let's answer this question in this manner. Everything, and I do mean everything is going down. Banks aren't lending even to the best of borrowers. Currencies around the world are plunging. For me and others the last refuge is still gold. Since the beginning of recorded history, citizens have always sought the safety of gold in turbulent periods.

But, we now suspect we have another party interested in accumulating control over gold. Bankers.

As we've said many times previously there are only three methods to acquire gold: (A) by Conquest (B) by Confiscation, or (C) by Purchase. Since we know our government, as are others, now managed by a financial cartel, by controlling the resources of gold they can tighten their grip on their tenant governments, hence the people.

There would be no disagreement that the world's major industries have all become centralized in the hands of a few mega corporations. From oil, food, and diamonds to real estate to, yes, even funeral homes. Not too long ago there were dozens of computer manufacturers. Ditto for autos and oil companies. Entrepreneurs contemplating a new company startup must navigate a minefield of regulatory and financial potholes. In short, they must be connected. These requirements for doing business are not embedded in free markets. America used to be free of these strangling accoutrements. That's why Americans had always been creative not only in business, but the arts, inventiveness, and yes, charity.

Here's what I'm getting at. With bank lending pretty much in a deep freeze lock-down how can JP Morgan and Morgan Stanley extend credit to Barrick? Barrick's never been a lovechild of gold bugs because of its forward selling of its gold production which, naturally, deprived investors from benefiting from a rising gold price while capping gold's rise. Back when the HUI was going for 45, Barrick (ABX) was sitting at 15. Today it's 26 after hitting 54 earlier. That's horrible. If Barrick should fail who would benefit? Could shareholder value be wiped out as with Fannie and Freddie with asset remnants going to the banks? A bank owning your mortgaged home is one thing, but having control of the world's mines is another! Would JPM and Morgan end up 'owning' Barrick, or a Newmont? Would the banking cartel utilize Barrick as a conduit to grab the world's gold and silver resources? If you control the printing presses you can buy anything. You can run them somewhat slower if you're the only one on the block to buy up distressed property!


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