Is Gold Hinting At Imminent Coordinated Global Intervention?
by Tyler Durden
ZeroHedge.com
05/06/2012
While it is still early in the overnight session, initial indications are for a full spectrum Risk Off market. In fact, S&P 500 futures (ES) have not fallen this fast over a two- or three-day period since the third week of November last year. As many may remember – a few days of drops like this took ES from 1260 to 1136 in a week but more importantly was followed very quickly by a massive and coordinated Central Bank intervention that ripped ES over 6% higher in an overnight session - sparking the entire rally of the last six months as it appeared the central bank put strike had been dragged higher. Admittedly the two-day fall so far (while the largest in almost six months) is still small in context, it would appear the world is waking up to the true event risks of a debt-saturated fiat system going through its death throes. Back of the envelope would suggest we need to drop to 1285 or so on the S&P before the same kind of hit-the-big-red-central-bank-panic-button kind of move comes into play. Sure enough, Gold is only very modestly lower (-$3 at $1640) so far in the face of a rip higher in USD and broad liquidation everywhere else – perhaps the patience of sound money will be paid off once again.
The Rest…HERE
The words in the Bible are coming to pass! Lets go to the Book of James Chapter #5. Go to now, ye rich men, weep and howl for your miseries that shall come upon you. Your riches are corrupted, and your garments are motheaten. Your gold and silver is cankered;and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasures for the last days. Which we are the generation. Most nations around the country are in the lake of fire. The elite are next!!! The verse goes on. Behold the hire of the labourers who have reaped down your fields or where you work at their places of employment, somewhere, on planet earth, which of you kept back by fraud, not paying them what you should, these people cry to God, and the cries of these people which have reaped for you are entered into the ears of the lord of sabaoth. Ye have lived in pleasure on the earth and have been wanton; ye have nourished your hearts as in the day of slaughter. Important message from God, the rest of the verse, ye have condemned and killed the just; and God does not resit you.
Great Post, Carolyn!
Thanks,
Paul