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*Breaking: The Comex Confirms That Its Gold and Silver Inventory Reports Are Fraudule
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<p>[QUOTE="jolumoga, post: 1724203, member: 41780"]Nope. At least not in my view, as someone who likes precious metals (I feel lonely here at times, but at least I am starting to get positive feedback from some of the precious metals bears for my contrarian views). I believe "zero hour," as described in the article, can occur, but it would need much more than a COMEX or LBMA default (however it is defined). The scenario I envision is a dollar, yen or euro collapse, driving precious metals prices far higher than they are today and creating a genuine shortage of precious metals due to surging demand, as investors seek alternatives to traditionally safe haven assets like the above-named currencies. At that point, dollar amounts might be meaningless. </p><p><br /></p><p>But as I pointed out previously, I am more bullish on the dollar than before, which means I can see both prices and demand for precious metals falling in the next six to 12 months, or possibly longer. I expect the system to unravel, as it does consistently every five to 10 years, but not before some stock market bulls here have made some money. The Fed is more than capable of putting a band-aid to ease market fears in the near term.[/QUOTE]</p><p><br /></p>
[QUOTE="jolumoga, post: 1724203, member: 41780"]Nope. At least not in my view, as someone who likes precious metals (I feel lonely here at times, but at least I am starting to get positive feedback from some of the precious metals bears for my contrarian views). I believe "zero hour," as described in the article, can occur, but it would need much more than a COMEX or LBMA default (however it is defined). The scenario I envision is a dollar, yen or euro collapse, driving precious metals prices far higher than they are today and creating a genuine shortage of precious metals due to surging demand, as investors seek alternatives to traditionally safe haven assets like the above-named currencies. At that point, dollar amounts might be meaningless. But as I pointed out previously, I am more bullish on the dollar than before, which means I can see both prices and demand for precious metals falling in the next six to 12 months, or possibly longer. I expect the system to unravel, as it does consistently every five to 10 years, but not before some stock market bulls here have made some money. The Fed is more than capable of putting a band-aid to ease market fears in the near term.[/QUOTE]
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