Tags: Casey Research

500 Tons of Paper Gold Dumped on Friday, What’s Next?

I wish I knew the answer to the above question.  As of the last year or so, I admittedly have not had a good feel about the direction of gold and silver prices.  I always thought that as things got more severe and more terminal, the prices of assets we see on our screens would be more and more quite intentionally disconnected from the reality on the ground due to increasingly aggressive, desperate and coordinated action by the power structure.  Looking back, it seems this really got underway in the fall of 2011, shortly after the U.S. treasury market was downgraded and gold shot up to over $1,900/oz.  I have gradually recognized my inability to call things in such manipulated financial markets, which is why I decided to step away and offer less commentary on these topics as things play out in the end game.

I do not think it is at all coincidental that Bitcoin and gold  (two currency threats to Federal Reserve power) both got smashed within a couple days of each other.  In the case of gold, it was a day after Obama had a private meeting with all of the key bankster oligarchs that 500 tons of paper gold, or about 25% of annual production was sold on the market.

As such, I think the interview below from Marin Katusa of Casey research is a great listen for anyone wanting to take a step back and look at the market. Enjoy!

The Number One Reason to Buy Gold: An Interview with Marin Katusa

In a world where many gold investors are suffering from confusion and frustration, and where mining investors are almost at the breaking point, my friend Dan Ameduri has brought to us an interview with Casey Research’s Marin Katusa.  For those interested in separating the winners from the losers in junior mining, Marin also offers one of his favorite names in the space.  Enjoy!