-- Published: Thursday, 1 December 2016 | Print | Disqus
Highlights
John Embry, Senior Strategist ofSprott Asset Management comments on the purported 8,000 tons of paper gold dropped on the market.
8,000 metric tons (2204 lbs.), 17.6 million lbs., 282 million ounces, were unleashed on the PMs sector, equivalent to a Tsunami of selling pressure.
The institutions and big players are clearing their short positions in anticipation of an explosive move to the upside in gold / silver.
New economic policies to revamp the domestic infrastructure could balloon the already bloated US national debt / deficits resulting in runaway prices.
India may be the trial-run / a petri dish for a global cashless society; the new Treasury secretary is a former Wall Street insider.
Global citizens are advised to insist policymakers embrace a dual cash / digital system, as 100% transparency also eliminates freedom.
Given the 46 years since the gold window was shut, salvaging the domestic / global economy may be beyond the means of policymakers.
John Embry, Senior Strategist ofSprott Asset Management comments on the purported 8,000 tons of paper gold dropped on the market following the Presidential election. According to Rob Kirby, 8,000 metric tons (2204 lbs.), 17.6 million lbs., 282 million ounces, were unleashed on the PMs sector, equivalent to a Tsunami of selling pressure. John embry proposes that the institutions and big players are clearing their short positions in anticipation of an explosive move to the upside by gold / silver. Given the recent appointment of a former GS insider, Mnuchin as the new US Treasury Secretary new economic policies to revamp the domestic infrastructure could balloon the already bloated US national debt / deficits resulting in runaway prices. India may be the trial-run for a global cashless society, a petri dish to accomplish nefarious schemes under the guise of eliminating fraud - their new Treasury secretary is a former Wall Street insider. Citizens are advised to push for a dual cash / digital system, as 100% transparency also eliminates freedom. Nevertheless, given the 46 years since the gold window was shut, salvaging the domestic / global economy may be beyond the means of policymakers.
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