• Gold: 1,472.06 -0.27
  • Silver: 17.09 -0.05
  • Euro: 1.106 -0.001
  • USDX: 97.984 0.16
  • Oil: 55.83 0.51

Catalyzing the inevitable global financial...

It could have been ANYTHING that commenced the inevitable global financial collapse - and end of the near-dead fiat currency regime; but as of now, Ukraine looks to be the odd-on favorite for catalyzing such. "Economic fires" are now burning everywhere - from Turkey, to Thailand, Argentina, and Venezuela. However, none of the near-term catastrophic potential of a war in a region as politically sensitive in the Far East as Jerusalem in the Middle East.

No surprise

Well, it should be no surprise in the least that after maniacally capping gold and silver at their new "lines in the sand" at $1,330/oz and $22/oz, respectively, for the past week, they went into hyperdrive this morning - just a day after the strong March COMEX options closes, and three days before their respective "first notice days." Given exploding physical demand, including just 648,000 ounces of registered gold inventory, of which close to 500,000 are already spoken for, did anyone expect the Cartel to act any different than always?

Sooner rather than later

Plus, a new FT article about the prevalence of gold manipulation is only shining more light on the Vampire Cartel; making it more and more likely that it's "London Gold Pool moment" occurs sooner rather than later.

Only a matter of time

Plunging economic data in China, Japan, Europe, and the States is making their job difficult; and given the broadening scope of potential "black swans" - such as the war in Ukraine that is causing the Russian Ruble to plunge to an all-time low; it's only a matter of time before the Cartel loses control, PM prices soar, and supply dries up - perhaps, permanently.

The walls are starting to cave in

The walls are starting to cave in on the Cartel; as plunging global economic data, increased money printing (in Japan this morning, and likely Europe very shortly), plunging gold mining reserves, and surging food and energy prices have catalyzed a vicious, relentless PM rally that has decisively taken out gold and silver's 200 DMAs for the first time in a year.

Line in the sand broken

It looks like the Cartel's eight-month "line in the sand" at $20/oz silver has finally been broken; as has their three-month "line in the sand" at $1,250 gold. Gold forward rates have again gone decidedly negative, ETF purchases have surged amidst record Chinese demand, and this week's news of massive gold mining writeoffs highlights just how tight the physical market is, and will be.

"Yellenomics" will be unleashed

In the aftermath of Friday's horrific NFP report, "Yellenomics" will be unleashed to Capital Hill tomorrow morning. The "pressure to print" will continue mounting on "Whirlybird Janet" until she finally gives in; likely, coincident with the ECB announcing its own, overt QE whilst Shinzo Abe prepares to increase the scope of Abenomics, given the likely catastrophic economic impact of the massive sales tax commencing in Japan in April. And don't forget the U.S. "debt ceiling" debate, which MUST be resolved by month's end lest another "governemnt shutdown" is catalyzed.

A tall order on her hands

Well, as it turns out, what we wrote earlier this week about the weather having zero impact on the jobs report was true - as opposed to Goldman Sachs and the Wall Street propaganda crew, which opined otherwise. Per today's article, the January NFP report simply points out just how miserable the U.S. economy is; not to mention, why Janet Yellen has a tall order on her hands next Tuesday when she makes gives her initial economic testimony to Congress.

The REALITY of collapsing economies

As I wrote on Friday, "the Carnage is just starting." Like the Broncos in the Super Bowl, global Central banks are being overwhelmed by a superior opponent; i.e., the REALITY of collapsing economies, currencies, and equities. Janey Yellen's swearing in today was met with an all-time low in the Chinese Services PMI index, and the biggest drop in the U.S. PMI Manufacturing Index since 1980. Despite blatant government intervention, stocks and currencies are plunging, and PMs surging.

The carnage has just started

Per the title of today's article, "the carnage has just started." Yesterday's one-day stock reprieve, fueled by two of the world's biggest blights, Facebook and Twitter, is decidedly over; as global stock and currency markets are collapsing anew, amidst horrific, across the board economic data.