Bank Monte Paschi and $20.46 Silver – Infamously Linked for Posterity?

by Andrew Hoffman
Miles Franklin

It’s early Monday, and fear is in the air, even if the PPT has “Dow Jones Propaganda Average” futures slightly higher. Last week, the “Fed might raise rates” meme died on the vine – first Wednesday, when the Fed, like a deer in headlights, noted nothing other than it’s perpetual “data dependence; with the “death blow” coming Friday, with possibly the worst GDP “miss” in U.S. history.

In both cases, desperate Cartel attempts to cover their all-time high gold and silver shorts were foiled, setting the stage for an historic breakout in the coming months. And by historic, I mean the all-time highs of $1,920/oz and $50/oz, respectively, may well be reached in the next 12 months – prompting historic physical shortages, particularly in silver. That said, consider that while 300 million people live in the U.S., 7.2 billion reside elsewhere – the vast majority of which, will witness an historic Precious Metals rally with prices already at, near, or in many cases well above, previous all-time highs. In other words, per the title of this weekend’s article, “First Central Banks Die. Now Government Statisticians. Next Up, the Gold Cartel.”

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