UPDATE2: gold shot up 35 bucks to 1690.
Michael Krieger seems to think that this is positioning
before Jackson Hole, and that powers will hit gold
back down, unless they need to let it rise for reasons
of allowing reality to seep in.
UPDATE: the shine has come off. It's back down
-$15. This could be another in a long line of
Soros pump-and-dump stories.
the text:
with molten hot gold. I've been making fun of the gold
bugs for a while now, but there seems to be a rumbling
in the markets. Gold has gone up by at least 3% in
the last week.
SORRY:
According to Kitco, since July 30 or thereabouts
(I find it hard to interpret their graphs)
GOLD has gone from 1590 to 1670, or +$80.
That's almost exactly 5%, in less than a month.
Bill Murphy is saying this was expected and there's
more to come. I'd heard this stuff so many times
from the gold porn sites that I was ignoring it,
but I look at the graph every day on Max's site.
It seems odd, but Ned Naylor
Leyland from London was saying on a major
channel (check below), when talking about Libor,
rather meekly, that perhaps there's manipulation
elsewhere, like in the gold and silver markets.
i.e. comex paper trading.
Tucker at the Bank of England has also stated as much.
It's odd how Ned is being allowed to say that in public
now. He, Max Keiser and many others have known the truth
for years, but it's only when it gets out to the MSM
that that something might happen. Maybe it has caused a seismic shift.
Or maybe this is being game-theoried by Soros, as he's just
dumped a ton of stock garbage and picked up gold.
I personally don't know how they're gonna side-step the
derivative paper scam of JPMorgan and get gold moving,
but no governments are gonna like this in the short-term.
We could get hyperinflation as currencies fall. People starve,
and then bye-bye government. Permanently.
Or this could be Goldman Sachs readying their take-over
of the world, once they get JPM out of the way. GS
is situated well in the US, and in European political circles.
Let's cut to the video:
17 Aug 2012
by Jacque Fresco
In a harbinger of what may be coming our way in the Fall of 2012, billionaire financier George Soros has sold all of his equity positions in major financial stocks according to a 13-F report filed with the SEC for the quarter ending June 30, 2012.
Soros, who manages funds through various accounts in the US and the Cayman Islands, has reportedly unloaded over one million shares of stock in financial companies and banks that include Citigroup (420,000 shares), JP Morgan (701,400 shares) and Goldman Sachs (120,000 shares). The total value of the stock sales amounts to nearly $50 million.
What’s equally as interesting as his sale of major financials is where Soros has shifted his money. At the same time he was selling bank stocks, he was acquiring some 884,000 shares (approx. $130 million) of Gold via the SPDR Gold Trust.[PAPER GOLD.REHYP]
When a major global player with direct ties to the White House, Wall Street, and the banking system starts off-loading stocks and starts stacking gold, it suggests a very serious market move is set to happen.
While often lambasted for his calls to centralize global banking, increase government intervention in the economy and his support of what he has called an “emergence of the new world order,” if there’s anyone with an inside track of where things are headed next it’s Soros.
Soros, who has written extensively of a coming global paradigm shift in his book The Crash of 2008 and What It Means, calling the current economic and political model ”an end of an era,” has recently suggested that the financial and economic situation across the world is so serious that Europe could soon descend into chaos and conflict. He also notes that the world is entering “one of the most dangerous periods in modern history”, and foresees violent riots in America and a brutal clamp-down by the government that will dramatically curtail civil liberties.
This is an individual who not only predicted the collapse of 2008 and took action to insulate himself, he also proposed the various fixes that governments in Europe and the US would eventually implement in order to stave off a deflationary depression. In his aforementioned book he suggested that central banks infuse the system with massive amounts of monetary expansion, but also warned that not injecting enough money would simply extend the onset of deflation and printing too much could lead to hyperinflationary currency collapse.
