Tuesday, June 5, 2012

It happened in Argentina, so it could a lot of places

    I repeat this for the benefit of those of who get lost in the thicket of news and conflicting data. It may or may not happen this way, but the way things have shaped up in the last Month, make me think that any day we could awake to this News Release by the FINANCIAL AUTHORITIES as the word of their STEALTH RE-CAPITALIZATION of BANKS with UP-VALUED GOLD TIER 1 ASSETS leaks out :
Considering the talk of Re-Capitalization; the Federal States of Europe, the re-classification of GOLD as a TIER 1 Reserve ASSET, and the rest, this is not too far fetched:

 Oh yes, Bank Runs all over Europe, Spain now BEGGING for a bailout, what is next ?  Maybe this:

  Straight out of a Jim Sinclair scenario:
   "Today is Monday the XXth, and Gold opened at $ 3,010.24 with Silver opening at $54.21.  Markets are chaotic but the general markets appear stable to stronger led by a huge rally in the Precious Metals complex that started stealthily during the week of April 23, but appeared subdued.   Monetary Authorities, as such had mostly "NO COMMENT", except for the Dutch Govt that was concerned that popular support for the Party that released Dutch Gold into the market stream in the last decade would be summarily removed from power as early as this afternoon.  Market analysts suggested that large Asian buyers had triggered this move, as the market shuffles Gold around as the markets attempt to substitute Gold shipments for payments formerly made under the SWIFT System.  One trader suggested someone was not waiting for the ABCDE XX deadline, but protecting their assets before the Banks freeze all accounts."