Wednesday, August 10, 2011

CNBC - Saying Gold going to $2500 because Entitlements not Cut

Right now a CNBC analyst from JP Morgan is saying Gold is on the way to $2500, because the U.S. entitlements are not being cut.

What absolute Bull Shit!

All the media keeps saying Social Security is an entitlement, they really have people brainwashed in thinking that.   That fact is False and a Lie!  Social Security is not and has NEVER been an entitlement.  It is not a giveaway from the government.

I wrote about this during the debt ceiling debate.

That article is here.



I am wondering if JP Morgan has lost control of their manipulation of gold due to all that is happening and that is why they are now saying Gold is going to $2500?  They are definitely working on silver and have not yet lost control there, but I would suspect at some point in the near future they will lose control there too.  But when/if Bernanke announces a QE3 then JP Morgan will be given the billions they need to keep the prices low and suppressed. 

UPDATE - They have been talking about Gold for an hour now - why are they now admitting it is the place to be?  This is against all their rules of gold coverage being allowed by the government.  The fact gold is the safe haven, means bonds and stocks are not.  It is not an area the government wants focused on.  I assume the natural demand for gold and it's rising against all the forces against it, they can not ignore gold anymore.
I think I can hear the Comex cracking as demand increases. 

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