Bill’s Commentary:
“Keith checks in from the north country with a very correct statement!”
“That the Western financial establishment is ignorant of this fact does not change the facts. Gold derivative markets are drifting towards the rocks of a crisis.”
Are We Seeing The End Of Derivatives In The Gold Market
February 17 (King World News) – Alasdair Macleod: For years, bulls of gold and silver have complained about how derivatives have been used to suppress their prices. Their dreams of the practice ending could be coming true.
If you think about it, there is a simple reason that derivatives for speculating or hedging gold is fatally flawed. It is because in nearly every nation’s common law, gold is money, and currencies are inferior credit, which is where payment risk actually lies. That the Western financial establishment is ignorant of this fact does not change the facts.
There is a good reason why this matters. Gold has lasted as legal money, and credit has been separately acknowledged to be deferred payment in money since Roman law. Since then, there have been many instances of governments denying these facts and promoting their currencies in the place of gold, which have always ended in their collapse.
Bill’s Commentary:
“Very early in the grand scheme!”
Proof That Precious Metals Are Just Getting Started
Since the late January pullback in precious metals, which has led to growing investor pessimism, I have focused on demonstrating that this move is only a temporary setback within a much longer-term secular bull market that is still in its early stages.
For example, on Sunday I published a report stating that the best days are still ahead for gold (and silver by extension) because American investors, who are the wealthiest in the world, have participated in the bull market of the past two years in a lukewarm manner. I believe that will soon change as they enter far more aggressively, however, driving gold to $7,000, $8,000, $10,000, and beyond.
In today’s report, I want to discuss another widespread recent phenomenon that clearly indicates the precious metals bull market remains in its very early stages: ordinary individuals are coming out in droves to sell their physical gold and silver, believing they are receiving top dollar they may never see again.
The latest from USA Watchdog –
BillHolter.com 
Thank you pamelamoves@gmail.com
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