Loading ...
FROM MURPH TONIGHT:
Gold bears like Deutsche Bank should be sitting up and paying close attention right now. The 30% appreciation of the CHF in a nanosecond is a mere warm-up for what gold will do when the physical ammo runs out. The cartel’s biggest nightmare is a replica performance with gold. Imagine when gold suddenly goes from $1250 to $1650- and still no offers. Any wonder gold has had such relentless derivative pressure and 24/7 MOPE? A severe dislocation higher in gold would make the derivative carnage in crude look as calm as butter futures.
Anybody not getting the hint that gold is THE safe haven right now deserves to get the financial ass kicking that’s coming. With the crude oil derivatives train wreck still unfolding you can now add a tectonic shift in currency derivatives to the trouble brewing. It all leads to one outcome- global CTRL-P, and lots of it. One thing for certain: cascading defaults and daisy chain reactions are now all but guaranteed.
James Mc