POSTED ON Apr 26, 2013
Collapse of gold proves it's ready to skyrocket!

On Monday April 12th the market saw great panic by investors when gold and silver dropped drastically. Gold first dropped to an unprecedented 10 percent and silver fell even faster dropping a total of 14 percent. This drop was the largest drop in gold price in the last 30 years. Both financial institutions and investors alike raced to liquidate their stocks in gold and silver, and someone was buying it all up. It is no coincidence that recently the news and big banks announced to investors that they foresaw a tremendous drop in gold and silver, and that they advised that all gold and silver be sold and to look into oil for investments instead. The banks must have had one hell of a crystal ball because the drops they had predicted came to fruition and the selling craze began.

It appears that the banks’ driving down of gold and silver prices was a success. It is reported that agents hit the market with 500 paper tons of short sales thus bringing the market price of gold to a huge crash.
“According to Andrew Maguire, on Friday, April 12, the Fed’s agents hit the market with 500 tons of naked shorts. Normally, a short is when an investor thinks the price of a stock or commodity is going to fall. He wants to sell the item in advance of the fall, pocket the money, and then buy the item back after it falls in price, thus making money on the short sale. If he doesn’t have the item, he borrows it from someone who does, putting up cash collateral equal to the current market price. Then he sells the item, waits for it to fall in price, buys it back at the lower price and returns it to the owner who returns his collateral. If enough shorts are sold, the result can be to drive down the market price.”

If these suspicions are true then someone must be held accountable for the obviously illegal activities causing this sudden gold crash. Others think that this event could be the precursor to yet another major stock market crash. Just as in 2008,when the price of gold suddenly plunged 21 percent. A few months passed after the plunge and then the stock market crashed.
“The rapidity of gold's drop is impressive, concerning, and disorderly. We have seen two other such instances of disorderly 'hurried' selling in the last five years. In July 2008, gold quickly dropped 21% - seemingly pre-empting the Lehman debacle and the collapse of the western banking system.”

Someone has definitely put the pieces in play to cause this drop in prices and in order to reap the benefits from those selling off out of panic. Now the question is, as stated before, whose doing this so that they can have all the chips once economic chaos occurs? Will you own gold before the shift happens? Dont wait to buy gold, buy gold and wait.


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James Sutton

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