Sufiy.: Eric Sprott on Ukraine Russia War: Capital Controls, Bank Runs, Gold and Silver Forecast TNR.v MUX GLD GDX

Thursday, March 06, 2014

Eric Sprott on Ukraine Russia War: Capital Controls, Bank Runs, Gold and Silver Forecast TNR.v MUX GLD GDX

Eric Sprott discusses the Gold market manipulation and the set of evidence presented by a number of new reports on the subject. According to Eric, demand for Gold is exceeding available supply and it will power the Gold price much higher. China is buying record amounts of Gold and situation in Ukraine puts more strain on the global economy and its monetary system. Gold is the place you turn during the financial and political distress.

Koos Jansen: Chinese Physical Gold Demand YTD 369t Up 51 % Y/Y TNR.v MUX GDX GLD RGLD ABX

"Koos Jansen continues his remarkable work reporting the real demand for Gold in China. According to his information this demand is on track for another record annualised so far and is up 51% on Y/Y basis. Geopolitical shift with the Ukraine situation will only add to this fire and ongoing Financial War will claim its victim US Dollar."

Currency Wars: The Yuan's Silent Scream - Portrait Of A Derivatives Bomb Being Detonated TNR.v MUX GDX GLD

"David Kranzler published a very interesting article confirming our discussion about the ongoing Financial War involving USA, Russia and China now. Bo Polny on the chart above presents his view about the implications of US Dollar crash below 80.00 level for the Gold market and you can find our thoughts on the links below."

Dollar Crashed Below 80.00 What Is Next For Gold, Copper And Lithium? TNR.v MUX ILC.v GDX

"In a few words: they all are going much higher now. Let's discuss why we think it is going to be the case. What is coming next for stocks and commodities? The concept of Great Inflation in 2014 was first introduced here by Toby Connor article and so far the market was unfolding as he has predicted. The most important observation here is that not only we are seeing the first signs of increased money velocity and unfolding Inflation in the different Commodities Breakouts, but that FED is actively looking forward to create Inflation. Janet Yellen statements about desired level of Inflation were quite a revelation for the Central Banker to say the least. Never fight the FED and with the help of Russia and China US dollar will slide down even more and Inflation will be coming not only onto your grocery bills, where it was never gone, but even into the massaged government statistic reports."

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