In 5 years of watching this chart (daily) I have never – never – seen this:


What does this suggest?

First, see those tiny little movements before today?  That’s called MANIPULATION.

Second see that big jump today?   That’s called “When the ball can no longer be held under water by the biggest manipulators in the world aka the central banks.”  There’s no news that would cause the jump.  It’s just that the ball is getting too big to hold under water anymore.

I said this would happen eventually.  When trust breaks.

Sadly the Chinese don’t trust each other.  They will end up trading in gold and silver.  And their idiotic rehypothecation-ponzi-lying will (ironically) bring down the Western monetary system.  Why?  Because the West lies but only strategically on the big matters.  Small people don’t lie day to day.   So Nixon can close the gold window and people continue trusting the system for another generation.  It’s been 43 years since August 1971 when the gold window was closed.

In China everyone lies.  Big and small.  No one can be trusted.  So the game blows up much quicker in China.  That’s why to survive people will ask for gold in China.  And that’s why the game will end, even if the Chinese government and the West don’t want it to.

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