truthingold.blogspot.com / By Dave in Denver / March 1, 2013
Rather than add more analysis about why this is the best time to step into the precious metals market since 2001, I thought I’d take a break and let everyone see for themselves how incredibly pathetic our Congresspeople are.
I will make one point of note first. What is occurring right now is the hedge funds are recklessly trying to push the precious metals sector lower in order to try and maximize their gains on their record long short position in paper Comex gold futures: Record Hedge Fund Short
But just like the hedge funds recklessly pushed AAPL to $700, they are recklessly trying to push the precious metals sector lower. How well did the AAPL stunt work? Let’s look: since September 21, AAPL stock is down 40%. Gold is down 12.3%. The precious metals sector is going to do the upside what AAPL did to the downside when the hedge funds start to cover. I guarantee it.
Now for our dear pathetic Congressmoron, Maxine Waters. Apparently Maxine somehow got through the educational system with out having to pass math and English.. According to Maxine, the “secrestration” cuts are going to cause 170 million job losses. Don’t believe me? Watch for yourself: