At the time I am writing this article trading on the New York Stock Exchange began roughly an hour and 20 minutes ago, with gold, silver, and crude oil down across the board.
Cash continues to leave the bond market pushing yields higher, and the US dollar is slightly stronger in early trade.
Market volatility is also slightly lower in early trade with all three major indexes higher.
It seems strangely odd to me quite frankly, that the paper derivatives of gold and silver would be under such pressure as of late with the Federal Reserve promising to create inflation using all necessary means.
Even more interesting, is the fact that yesterday at the open of the Japanese markets, spot silver prices experienced a flash crash losing around 6% in just a few seconds.
I can say with certainty that the price action of paper derivatives involving gold and silver will continue to be manipulated and faked for the foreseeable future, but to me this means opportunity.
Opportunity because the global debt bubble is continuing to inflate at a furious pace with no sign of slowing. Moreover and once again, this leads me back to the premise which I have been saying for years-and that is "bet against the debt, and become your own central bank."
Use the obvious faking of the "dollar alternatives" markets, which include cryptocurrency, as major opportunities to acquire more as a long term bet against the dollar-which the Federal Reserve has promised to punish to create inflation...
Gregory Mannarino
