Bill’s Commentary:
“I feel I need to comment on this video:
“STOP IGNORING WHAT HOLTER IS SAYING – HIS LAST 3 PREDICTIONS WERE 100% ACCURATE…”
I have no idea who is behind ‘John AG,’ but as I have previously written regarding his other videos, I believe he is about 90% correct. Most of his errors are dates and timelines. I assure you I never ever talk about price and dates at the same time, he is mistaken on his timeline to $50, and I certainly never gave out any date(s) as to when it would occur. I have publicly said many times that silver should have pierced $50 many years ago but did not due to outright manipulation, of this we have proof. I also did not predict $120 in January, however, I did say that $100 seemed to be a logical price target when silver traded $65-70. His broad strokes on economic/financial/derivatives are very sound, and I believe to be correct. Warren Buffet calls derivatives “weapons of mass financial destruction;” it will be derivatives that crater the entire financial system. Of this, I am 100% confident because math is math and it does not lie.
While it is nice that someone put together a “puff piece” on me, I did not make the calls he claims. I am a broad picture guy and take an aerial view. I moved to Texas in the late 80’s during the oil bust and bought a foreclosed, 6-month-old 4,000 sq/ft house on water for $139,000. Back in 1997 when gold dropped below $335 it was game on for me because the cost of production was about $350. Any time you can buy something below the cost of construction/production, you will make money. I also “retired” and left the United States in Nov. 2006. Three Bear Stearns hedge funds gated investors in February 2007. This was good timing for what was to come and a very difficult decision because I had built up one of the largest physical gold, silver, and mining share positions in the US for a retail broker. I continue to accumulate physical metals for clients and have done so since returning to the US in 2011. And while we are on predictions, I should say that most of our “conspiracy theories” have turned out to be conspiracy facts -proven facts.
Lastly, trying to predict “price and time” is a fool’s game. The only thing you need to know is that when derivatives detonate, it is game over! You are either in, or out. There will be few scraps left of whatever you held in the system, and buying gold or silver will not be an option because there will be none for sale. THAT’S my prediction!”
Bill’s Commentary:
“In the end, Mother Nature will trump the lack of “rule of law” in these markets.”
End of Western Hegemony Over the Prices of Gold and Silver?
You may recall the period following the 2008 systemic crash and the attempts to implement the Dodd-Frank rules to regulate banks. At the CFTC (Commodity Futures Trading Commission), the regulator of commodity futures markets, a team of “incorruptibles” was assembled. The task was particularly difficult: a CFTC official earned on average barely more than $3,000, and at best $4,000, while facing extremely powerful banks that regularly manipulated the precious metals market. These banks amassed millions of dollars and didn’t hesitate to try to influence those who sought to obstruct them.
At the time, Bart Chilton, one of the five commissioners of the CFTC, made commendable efforts to expose price manipulation by these dominant banks acting in concert. He unfortunately passed away following an illness. Under his authority, twenty prosecutors were tasked with enforcing the law. As of today, none remain; the last one resigned on Monday, February 23.
The latest from USA Watchdog –
BillHolter.com 