I found this at jsmineset. One of his followers sent it and JS found it worthy of posting.
...While at the Jim Sinclair conference I heard Jim say something that is so obvious, so common sense and so connected, and I have even written about it but stupid me didn’t break it down to reality. He answered a question and said "we do have bread lines, you just don’t see them… where do you think the 50 million Americans would be without food stamps?" I have written several times on this topic (and try to break things down to a common denominator) yet never got there on this one. Subliminally? Yes of course and I’m sure it is the same for you, but where would these people be? They would be standing in lines all over the country waiting for soup, bread, cheese or whatever and ON THE NEWS! Can you imagine the confidence this would instill? Might this spill over elsewhere?
Elsewhere like into the banking system? Might seeing bread lines cause some depositors to run to their bank and take out at least some balances? Well yes of course it would but technology plays a bigger role. A bigger role just as food stamps do in hiding hunger. Any run that occurs you and I will not see until after the fact. After the fact as in after the bank is closed or "bailed in" with part of your balances saving the bank. You see, any run will be electronic and unless you actually work close enough to the actual transfers (the run), you will never see it. There will be no lines cluing you that you need to be in it. Any bank run of an individual bank or of the system itself will happen obscured by technology’s veil, you will only see the truth after the fact.
In the 1930′s there was no way to hide what was happening. Banks were closing, people were out of work and standing in lines. Even though they didn’t have iPhones at the time, photos and film clips did exist. In today’s modern world where you can’t do anything that’s not filmed the truth is obscured everywhere that you look for it. The truth of our economic and financial numbers are made up. We could have a bank run today that takes all deposits from a bank yet the Fed could loan them everything that was lost and the bank will open Monday morning as if nothing happened!
My point is this: YOU need to dig for the truth for YOURSELF. There is information out there for you to do this. This process is made difficult because you have to sift through all sorts of disinformation from many sources that should (were at one time) be real and reliable. In a world where nothing is as it is portrayed, the obstacles to finding the truth are large and on a systemic scale. Gold is portrayed as bad or weak when in fact it is solid and will again be the foundation of finance and your financial survival. Gold is to the dollar like sunlight is to a vampire. There are many and various reasons that the Fed and other central banks want you to believe that gold is bad or weak or not even money at all. There are many and various reasons that they don’t even want gold at the edges of the radar. They have every reason to have done everything in their powers to turn you away from gold as money. You have only one job, dig for the truth and figure it out for yourself even as you are constantly being misdirected away from it..don’t be fooled and know this truth!
It's funny you would mention it. I had a conversation this AM with someone and that's exactly what we were discussing. Gold is moving up but little sister (silver) is not tagging along this time. Gold is moving up but there's no plurality. So what does that say about this move in gold? Does it have to say anything?
What I think is that the Emperor has been shown to have no clothes.
As gold started up this time, I watched Blythe Masters whack it down several times...and it kept popping up, Whack-A-Mole style.
This budget deal the clowns in Washingtoon did, is undeniable proof: We're a nation led by a re-tard, with timid, spineless wannabees in the alleged opposition. They're watching with great interest, to see if he can pull it off - that they'll have some of that power, too, in turn!
And the Chinese, not infected by the lead in the Washingtoon water supply, are just nodding sage-like...Americans have gone Idiocracy. Time to move.
Another article about potential market "direction"-
US stock market-to-GDP ratio favored by Warren Buffett points to imminent 50% crash
Whenever the Sage of Omaha is pushed on how he judges whether the US stock market is trading too high or too low he refers to the ratio between the value of US stocks and GDP as a reliable guage of where the market stands.
Analyst Doug Short has a version of the ‘Warren Buffett Indicator’ which uses the value of the Wilshire 5,000, a very broad index. It shows that stocks are more expensive than they were before the 2008 crash and almost as expensive as they were before the dot-com crash in 2000.
Warren Buffett is not exactly shouting it from the roof tops but his favorite indicator is pointing to an imminent 50 per cent crash in US stocks. The main indexes are all far too high. You don’t need to be a genius like Warren Buffett to see it...
current silver chart, you can see a hard cap put on at 22,
so we see,
but during the bull run, it was very typical to get down action on Thurs, followed by up on Fri,
today and tomorrow will give us more intel if this run is real or just another failed attempt to the up,
I was asked, what is going on with gold and silver, is it short covering or?
I responded that I thought this time it was more than short covering. That the long trading range in silver, the break of that and then the break and hold of the 200dma was more symptomatic of a new move.
That money is flowing into comods, and this is also part of that.
Now if you want me to speculate, I would argue this:
Smart money, and even dumb money knows the SM's are over extended by any measure.
That this is the money that is moving around into commods and so on. Bonds are even catching bids to the up, and holding well up there. So who is still buying Sm's as they leave?
To me, TPTB are in there buying as others are selling to keep the dream alive. That fiat is trying to rotate out of stocks, and that rotation is more or less being blocked or covered.
The painted phony economic numbers, the inability of the stocks to go down over a couple of ticks before it gets supported, and other items of note seem to lead to external factors affecting the local sm's.