November 03, 2013 at 21:04 PM EST
Gold and Silver: Fundamentals Do Not Matter
NYSEARCA:GLD, NYSEARCA:SLV Related posts: Silver Fundamentals Are Strongest Ever Gold Fundamentals Have Never Been Better It Doesn’t Matter Where Gold Prices Are Headed, ETF Opportunities Still Abound SPDR Gold Trust ETF: Forget The Fundamentals On Gold The Fundamentals Driving The Auto ETF

gold silver metalsMichael Noonan: If fundamentals mattered, gold and silver prices would be substantially higher. They are not, and for a reason. It is not hard to define what factors are influencing price, for they are political, even criminal under normal circumstances. These factors are, in two words: central bankers. The money changers still have a stranglehold on the financial system, and nowhere it is more evident than in the price of gold.

Will it end? Yes, but as has been the biggest mystery, no one knows when?! While the golden grip continues, it is inexorably loosening. The United States, and by extension, the United Kingdom, is fast becoming more and more isolated. First, it was the natural opposition, Russia, China, morphing into the BRICS. Unable to sustain their no longer warranted arrogance, the Western alliances are now falling apart. Note the cover from Die Zeit, symbolic of the growing attitude of the rest of the world toward the US:

die zeit 2013 price

It was not enough to give the stiff arm to Germany when its representatives came to inspect its own gold, purportedly held in New York. “Nein, nein, Sie konnen nicht es sehen.” “You cannot see it, but not to worry, we will deliver half your gold in seven years,” the Germans were told, after the insulting rebuke. This is evidence of the growing in- fighting going on, and the revelation of NSA spying has driven a wedge even further.

It is paramount for Western central bankers to keep the façade of owning tonnes of gold alive, for once it gives way, all control is lost. The unilateral actions on the part of the US ensures the eventual collapse of the existing fragile unity. Of course, the core reason lies in the massive creation of digital “dollars” that are now being rejected en masse by the largest creditors holding Federal Reserve [soon to be junk] bonds. The world is finally rejecting the US exporting its destructive inflation, via the Federal Reserve “dollar.”

Continuing stories of one country or another increasing its gold imports has not been of significance, relative to the current price of gold. It may make for attention-grabbing articles, but the impact is nil. The direction for price is solely in the diminishing control of the New World Order via Basel down through the IMF and then central banks.

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