April 19, 2013 at 07:49 AM EDT
TGIF – 2 Tons of Physical Gold Snapped Up As Traders Panic
63,500 ounces .   That's how much physical gold the US Mint alone sold on Wednesday , as gold fell to $1,350.  For the month, 147,000 ounces (4.5 tons) have been removed from the mint at a 20% discount to last year's $1,650 average price.  Don't worry about the mint – they have an average purchase price of about $90 and the US has 8,000 tons of it sitting around so, if someone wants to buy $200M worth in a month – that's fine with us but consider that the guy (s) buying 4.5 tons of gold for $200M might not be stupid .   We were discussing a great article in the Daily Bell (thanks Scott) that summed up my take on the recent gold move quite succinctly:   Following the wikipedia.org definition, the PSYOPS war on gold is intended to influence the target audience's value system, belief system, emotions, motives, reasoning and behavior. I would add, especially this last, which is what directly affects the price of gold. The latest stage of the war began many weeks ago, with regular takedowns of the price of gold in waterfall fashion, at set times of the day.   More recently, there appeared a series of planned announcements of oncoming doom from individuals prominent in finance and from bank analysts. The scenario painted for gold was one of a sky darkened by approaching thunderstorms. The purpose of the 4-12 PSYOPS was to instill fear in the minds of the "target audience" – investors in gold. If you shoot a crow, and hang it up in your field, the crows – your "target audience" – will avoid the field. The same principle applies to investors in gold. The identity of the target audience of the PSYOPS War on Gold is clearly revealed in the front-page article of the  Financial Times , American edition, on Tuesday April …

63,500 ounces.  

That's how much physical gold the US Mint alone sold on Wednesday, as gold fell to $1,350.  For the month, 147,000 ounces (4.5 tons) have been removed from the mint at a 20% discount to last year's $1,650 average price.  Don't worry about the mint – they have an average purchase price of about $90 and the US has 8,000 tons of it sitting around so, if someone wants to buy $200M worth in a month – that's fine with us but consider that the guy(s) buying 4.5 tons of gold for $200M might not be stupid.  

We were discussing a great article in the Daily Bell (thanks Scott) that summed up my take on the recent gold move quite succinctly:

 

Following the wikipedia.org definition, the PSYOPS war on gold is intended to influence the target audience's value system, belief system, emotions, motives, reasoning and behavior. I would add, especially this last, which is what directly affects the price of gold.

The latest stage of the war began many weeks ago, with regular takedowns of the price of gold in waterfall fashion, at set times of the day.  More recently, there appeared a series of planned announcements of oncoming doom from individuals prominent in finance and from bank analysts. The scenario painted for gold was one of a sky darkened by approaching thunderstorms.

The purpose of the 4-12 PSYOPS was to instill fear in the minds of the "target audience" – investors in gold. If you shoot a crow, and hang it up in your field, the crows – your "target audience" – will avoid the field. The same principle applies to investors in gold.

The identity of the target audience of the PSYOPS War on Gold is clearly revealed in the front-page article of the Financial Times, American edition, on Tuesday April


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