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Yellow fever is upon us, Yen rise is response to gold, Gold price suppression cartel still working away, meanwhile the dollar is in free fall, some have liquidity problems, more war diversions coming, consider the security of your bank deposits
As spot gold went screaming past 1000 on Friday, to close in the aftermarket at an all-time closing high of 1002.50, the yen went ripping through 100, to as low as 99.2560 as of 3 pm EDT just as the COMEX closed, which is a 12-year high against the dollar. If you wanted proof in spades that the yen is being used to hit precious metals by causing the carry trade to unwind and create a giant margin-call inducing liquidity drain, here it is "in yo' face!" The yen has been used continually since the 2006 spring rally to put yen-hits on precious metals. The repeated eruption of destructive solar flares from the Yen Death-Star that have been induced by the psychopathic financial engineers of the cartel is the root cause for the many declines in the stock markets, which continually develop a case of "yellow fever" every time we have a gold rally. The cartel always waits for the release of bad news (and what a very short wait this has become, we might add) so they can play their yen game while the bad news provides the excuse for the rapid declines in the stock markets. The bad news is used as cover for the yen-hit. This in part explains some of the huge losses in the Nikkei, which have been used to generate yen rallies by sending traders in oriental markets fleeing to yen money markets and yen-denominated Japanese government bonds. The bad news in the US is also used to create the Nikkei crashes because what is bad for the US is bad for one of its largest trading partners, Japan. That way, the yen rallies look like the natural outcome of stock market losses, thus obviating the need for direct currency intervention, which would make the manipulations look too obvious. Although the economic news we are getting is horrifying indeed, the PPT is capable of far more support than it has been showing during gold rally periods because the cartel wants the stock markets to perform badly to create liquidity drains to hit the monetary metals and to prevent their related stocks from confirming their rise. Gold suppression is JOB ONE at the Fed, and the cartel will not hesitate to hit stock markets to slow rallies in the monetary metals down as much as possible. This is because the monetary metals, if unsuppressed, would totally and wildly explode and this would sound the economic catastrophe alarm, thereby exposing the fact that our economy over the past two decades has been completely destroyed by the Illuminist sociopaths.
During these orchestrated yen-hits, the PPT in the US and its counterpart in Japan act as a backstop to prevent a total stock market collapse as the liquidity drain that is caused by the sudden unwinding of the carry trade ravages the margin accounts of carry traders. The crash produces margin calls which must be met quickly by the sale of liquid assets to cover, and that has largely included precious metals, at least until recently. The large specs have heeded our warning and have increased their trading of protective derivatives, getting it down to a science. Even the short-squeeze rallies initiated by the cartel just before the expiration of various protective derivatives, which are aimed at reducing the value of very liquid protective derivatives being used to protect metals positions, are being systematically hammered by the large specs just prior to expiration. Also, the free-falling dollar and the piddling interest rates on short-term treasury bonds, which are both being reduced even further as the Fed drastically drops its funds and discount rates, has sent proceeds generated by the liquidation of assets during crashes and by the de-leveraging of insanely over-leveraged positions held by banks, broker-dealers, pension plans, insurance companies and hedge funds, into precious metals and commodities in ever-increasing percentages. After all, why place your funds in declining or under-performing assets while inflation continues to rampage when you can place them in precious metals and commodities, which are screaming ever upward, sometimes even at parabolic rates. The yen weapon has now been completely neutralized, and produces little more than a slowing effect on the precious metals. The cartel knows this, and that is why the open interest in gold futures has been under 500,000 contracts since February 1. This past Friday, March 14, was the first time since February 1 that the 500,000 level has been exceeded, and then only barely. The stock markets have suddenly developed another severe case of "yellow fever" this week, with the only exception being the phony short-squeeze rally that was used to make it look like the Fed's 200 billion rescue of Bear Stearns and other troubled investment bankers and broker-dealers was positively received by the market and to add some market-crashing power that was immediately used the next day to slow the gold rally. Note that Bear Stearns, whose two subprime hedge funds were among the first casualties of, and detonator buttons for, the subprime and credit-crunch debacles, has been in drastic trouble for many months, and now very suddenly, as gold starts to rally past 1000, the bad news about their liquidity problems is released and the rescue effort is undertaken as the markets crash and the yen goes ballistic. How very convenient...
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