V – The Guerrilla Economist Updates: BLOOD BATH OR GOING AS PREDICTED-YOU WERE WARNED SO DONT PANIC

Thursday, June 20, 2013
By Paul Martin

SteveQuayle.com
Jun 20, 2013

As the stimulus addicted market sung low yesterday on Bernanke’s feigned comment that they might “taper”. Today we see the markets sell off and Gold and Silver Plunge. Panic is setting in as I am hearing emergency meeting are being called in some of the biggest Precious Metals dealers in the country. They have to raise acquisition premiums as there is simply not enough physical to meet demand. Folks the reason for the plunge is two fold. One: this is to again to shake the tree and get the weak players out of the game. Two: this is to recoup for the massive bond sell off last month. The way you offset it is to shake stocks as stocks outperformed bonds. Now what they are doing is to simply corral the mindless sheep into bonds again bring back down the yields to “normal” levels. To those that have been following me this should not come as a surprise to you. Remember what I said, they can take gold and silver down to as low as they want in the papers market. But the inverse is that demand is causing acquisition premiums to skyrocket. Look also at the price dip in platinum and palladium, premiums are going up on those as well. Do not be alarmed things are playing out exactly as I predicted. Keep buying ignore the paper price and prepare, they are moving things along to that expected July 3rd date .

In the Trenches,

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