Topic: Why Gold will be flat or GO DOWN!!!!!

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[pandamonium]

Looks like this is the serious break out in price we have all expected for years....

jsmineset   Strategic Culture Foundation     "Editors Choice"   by Nick Gambruno       This is a simple, good article that even the mass herd of sheeple can understand...     I see a few raise prices of gold on ebay but not many and sales are still slow for now...

The Unz Review;  An Alternative Media Selection    "The View from Abroad"....

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Such pathetically shallow propaganda, equal in pathology as the claim that the USEconomy is robust. All measures is flashing red, worse than seen in 2006-2007.

http://news.goldseek.com/GoldenJackass/1560745403.php

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https://v.youku.com/v_show/id_XNDExNzgxMTAyNA==.html?spm=a2h0k.11417342.soresults.dtitle

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https://www.milesfranklin.com/gold-prices-the-next-five-years/

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Gold Smuggling to India & Japan is a Symptom of Governments’ War against Gold

https://www.bullionstar.com/blogs/bullionstar/gold-smuggling-to-india-and-japan/

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In conclusion, be warned that both CFTC-generated indicators are flashing warning signals for the short term. However, the conditions that led to the most recent price spike will persist—and will only deepen—in the months ahead. So don't let the next pullback frighten or otherwise concern you. This is just the natural ebb and flow of these Bank-dominated "markets".

https://www.sprottmoney.com/Blog/cftc-data-warning-signs-craig-hemke-10-072019.html

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1. Gold does not produce anything.

2. Gold does not make the states any money!

3. Gold does not make the Government any money!

4. The higher ups (buffet, etc) have even put there stamp of disapproval

on this "Barbaric Relic" , There words not mine.

5. Gold is a hindrance to states & government, new laws, new regulations,
new policing....In there minds attracts criminals.

6. Gold is difficult to track, monitor, tax, etc in there minds.

7. Increase's the individual's PRIVATE wealth & sovereignty. A big NO-NO
for our socialist GOV.

http://china-mint.info/forum/index.php?topic=8651.msg50409#msg50409

    The best insurance against financial and economic risk
    The ultimate wealth preservation asset
    Holds its value in real terms through the ages
    Has a stable intrinsic value
    Is totally liquid
    Is a medium of exchange and the only money that has survived in history
    Has no liability or debt attached to it
    Has a high potential of substantial capital appreciation

https://goldswitzerland.com/gold-is-for-freedom-and-benefit/

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By leading the media on a merry tour of the Mint’s working vault at West Point while showing nothing of the facility’s supposed  11 deep storage gold compartments, the US Mint and Treasury are doing themselves no favors in establishing their claim to be the greatest gold holder in the world.

https://www.bullionstar.com/blogs/ronan-manly/the-only-gold-the-us-shows-a-working-vault-at-west-point/

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Apart from fractional-reserve banking, precious metals market structure is perhaps one of the biggest cons on the planet. So next time you think of precious metals manipulation, remember that in addition to spoofing and secretive central bank gold loans, the entire structure of the precious metals markets is unfortunately one big manipulation hiding in plain sight.

https://www.bullionstar.com/blogs/ronan-manly/gold-silver-price-manipulation-the-greatest-trick-ever-pulled/

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A former precious metals trader at the New York offices of a U.S. bank and a Canadian bank pleaded guilty today to attempted price manipulation of precious metals futures contracts, announced Assistant Attorney General Brian A. Benczkowski of the Justice Department’s Criminal Division and Assistant Director in Charge William F. Sweeney Jr. of the FBI’s New York Field Office.

https://www.justice.gov/opa/pr/former-precious-metals-trader-pleads-guilty-attempted-commodities-price-manipulation

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After nearly six years of 0% interest rates, the U.S. economy is hooked on the heroin of easy money.

https://internationalman.com/articles/8-reasons-a-huge-gold-mania-is-about-to-begin/

[pandamonium]

Steve Quayle      Hal Turner Radio Show     "China to invade Hong Kong within hours......."

If/when this happens, gold/silver will jump up quick and keep climbing.      I hope it does not happen.... 

[wg]

Monday, breaking record highs in a number of currencies, including the British pound, the Japanese yen, the Canadian and the Australian dollars.

https://www.kitco.com/news/2019-08-05/Gold-Prices-Hit-All-Time-Highs-Monday-In-These-Currencies.html

[pandamonium]

Gold hit about $1490...

Ebay small gold panda prices are going up.     Silver is sideways....

Goldseek     "Gold's next target"    by Craig Hemke           I have followed Craig's articles for about a year and he is fairly accurate....    he says gold must be above $1485.......

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Thanks to Indians’ immense appetite for gold, large quantities of the smuggled stuff also reach Kolkata from India’s land borders with Myanmar and Bhutan and are then sneaked into other metropolitan cities.

No wonder, members of the all-India Jewellery Trade Council (GJF) recently met federal finance minister Nirmala Sitharaman in New Delhi and told her that the import duty hike would only encourage gold smuggling, and pointed out that 300 tonnes of gold was being brought into India through unofficial channels, leading to huge revenue losses.

https://www.connectedtoindia.com/smugglers-make-hay-as-indian-govt-hikes-import-duty-on-gold-5979.html