Today’s activities will prove NO surprise to readers of Polestar’s Market Review and 1st Qtr update.
Namely, when any asset class is being set up for attack by the MSMS’s PORE, they will pull out one or two “Big Guns” and then unleash an almost instantaneous “Barrage“ of experts to pound the target into the dirt! (PORE is "Psy-Ops Reporting & Editorializing." See bottom of our Home page for other Polestar acronyms.)
And the louder and the more incessant the “Barrage,” the more likely it is that the move being set in motion is FALSE!
And that is because the MSM does not assist the “Sheeple.” In fact, when the real moves are underway they will obfuscate, veil and obscure as they did with Real Estate in 2005-07
So, in our opinion, the following article sets the stage for a FALSE move down on Gold that we VERY clearly predicted in our earlier Blogs. This downturn in Gold will be followed by an enormous explosion to the upside AFTER the “Great Deception of 2012” that will have pulled all the “Sheeple” into stocks.
So, three “Big Guns” have been unlimbered and aimed DIRECTLY, POINT BLANK and FIRED at the Gold Bulls in just the last two days:
#1 Dennis Gartman two days ago,
#2 George Soros today,
#3 Jim Rogers today.
And then three ‘little guns,’ in the following article, followed these - ALL today.
Translation: the “Sheeple” are being set up to move out of Gold and into stocks massively in the “Great Deception of 2012!”
And the “Great Deception of 2012” will effect a massive turn in consumer psychology and directly precipitate the very last massive buying surge of nearly all durables and non-durables by the DCBF’s in the fall winter of 2012/13!
Is your company stuffing your inventory channels NOW and gearing up Marketing and Advertising campaigns? Will your company be ready for the “Surprise” (DCBF ‘buying binge’ in the second half of 2012 and into the winter of 2013 ) that should be “No Surprise” to anybody that can read the pages of the MSM’s PORE - ahead of time.
BUT, most importantly, are you and your company ready for what will follow these things?
If your company is not getting ready for that, then you should read the partial list of companies that were NOT ready for the Credit-Crisis of 2007/08 that we included on the bottom of our Home Page @ www.polestarcomm.com.
Hint: the economic contraction that will follow the “Great Deception of 2012” will make the Credit-Crisis of 2007/08 look like an economic EXPANSION!
Soros Sees Gold Prices on Brink of Bear Market
Bloomberg; By Nicholas Larkin, Maria Kolesnikova and Debarati Roy - Dec 29, 2011 9:38 AM ET
“Gold is poised to complete its 11th consecutive annual gain, the longest winning streak in at least nine decades, on the brink of a bear market.
George Soros, the billionaire who two years ago called it the “ultimate asset bubble,” cut 99 percent of his holdings in the first quarter, Securities and Exchange Commission data show. Hedge fund managers John Paulson, Paul Touradji and Eric Mindich also sold bullion this year. While speculators in New York futures are the least bullish (.MMGCNET) in 31 months, the median estimate in a Bloomberg survey of 44 traders and analysts is for prices to rally as much as 40 percent to $2,140 an ounce in 2012. …
(All readers should WATCH this “Bloomberg Survey” number very closely next summer/fall and winter and into 2013: when it falls significantly, then Gold is ready to “Ride Again!”
This game is really too simple – folks!)
… The U.S. Mint’s sales of American Eagle gold coins in November were the weakest since June 2008, data on its web site show. Holdings in bullion- backed ETPs fell about 35 metric tons since reaching a record on Dec. 14, according to data (.GLDTONS) compiled by Bloomberg. …
(The following guy, Tom Wimmill) is actually right and he is ONLY included to give “journalistic balance” and his comments are the set-up for the “BARRAGE” that is to follow!)
… “The longer-term trends, mainly government fiscal and monetary policies, haven’t changed,” said Tom Winmill, who helps manage more than $200 million of assets from Walpole, New Hampshire, for Midas Funds and whose Midas Perpetual Portfolio may increase its 19 percent investment in bullion and gold mining companies in the next quarter. “Gold has that preservation-of-wealth role and was probably used quite a bit in the last several weeks.” …
(At turns, the following guys are ALWAYS wrong. Gold is very likely to be in the $1.250 range in March to May 2012!)
Options traders are also bullish, with the top nine holdings all betting on higher prices. The two most widely held contracts give holders the right to buy gold at $2,000 by the end of March and May, data from the Comex exchange show.
….
(I actually salute Bloomberg for including Mr. Morris’s following comments, which are dead on!)
… “Gold became very overbought,” said Charles Morris, who oversees about $2.2 billion of assets at HSBC Global Asset Management in London and cut his bullion holdings to 6 percent at the end of November from 15 percent six months ago. “It will at least consolidate following this almighty rally. When the new bull market arrives, maybe a year or so away from now, then gold will once again prove to be a leading asset.”
(BUT, now the following “BARRAGE” of four guns in the MSM’s PORE on Gold and all the “Dopes,” who will soon be selling after they read this!)
‘End of Road’ (This ‘header’ is clearly intended to Scare the S__T out of the “Sheeple”)
(#1) Dennis Gartman, the economist and author of the Suffolk, Virginia-based Gartman Letter, said Dec. 13 that traders were witnessing the “death of a bull.” He sold the last of his gold the previous day and said Dec. 23 his outlook was neutral. The “megatrend” in bullion is “in all likelihood near the end of the road,” (#2) Markus Mezger, co-founder of Zug, Switzerland-based Tiberius Asset Management AG, which manages about $2.5 billion of assets, said in its 2012 outlook report on Dec. 23.
Eton Park Capital Management LP, founded by 44-year-old (#3) Mindich, sold the last of its SPDR Gold Trust (GLDNV) shares in the third quarter, according to SEC data. The holding was valued at $135 million based on the average price over those three months. Jonathan Gasthalter, a spokesman for the New York-based company, declined to comment.
(#4) Touradji Capital Management LP, led by its 40-year-old founder, sold all of its shares in the SPDR Gold Trust in the first three months of the year before buying back about 26 percent of that stake in the third quarter, the data show. Its largest holding in publicly traded equities remains Barrick Gold Corp. (ABX), the world’s biggest miner of the metal. Prelog, also a spokesman for Touradji, declined to comment.
(And then at the end - once again - a counter punch for “journalistic balance” and to leave the poor “Sheeple” reeling and ready to load up on equities of common stocks in the “Great Deception of 2012”)
… “The bubble is in paper currency creation, not in physical gold,” said Ben Davies, the London-based manager of the Hinde Gold Fund, which gained 22 percent in the first 11 months of the year and invests in bullion stored in a Swiss private bank’s vaults. “Calls for a top in the market are premature.”
(Mr. Ben Davies is actually right, so watch him and Mr. Charles Morris, above, and of course Polestar Communications, too!)
No comments:
Post a Comment