Here is a look at greed, bullion banks and gold, used car prices, US debt and why gold has been smashed.
Greed
November 24 (King World News) – Sven Henrich: Sentiment check (see below):
Greed Hitting Extreme Levels In The Stock Market!
Used Car Prices
Tom McClellan: I got an email from my local Ford dealer last week, wanting to buy my 2001 Ford Expedition (187k miles) for “above market value”, and even offering to reimburse the recent ~$1000 bill I had just incurred for some repairs done there. They seem desperate for inventory. (See chart below).
Used Car Prices Soaring (Orange Dotted Line)!
Gold Selling
Jeroen Blokland: ‘Everybody’ is selling gold! (See chart below).
Bullion Banks And Gold
King World News note: Most of the hot money has come out of the gold market. There is likely to be one more downdraft through the 200 day moving average in gold ($1,798) to trigger sell stops and additional technical selling in the paper market. It may not happen but it would just help the bullion banks so it is a likely outcome…
Dire Warning For The US
Jon Case: To hear Jon Case’s dire warning for the US and also his discussion of the Gold & Silver markets CLICK HERE OR ON THE IMAGE BELOW.
US Debt Skyrocketing
Sven Henrich: 65% of all US debt has been taken on in just the past 12 years with no end in sight. (See below).
Why Gold Has Been Smashed
London analyst Alasdair Macleod: Just totted up the expiring Dec gold cals on Comex with strikes at $1800 or more – about 150,000. This is why gold has been smashed, so that they expire worthless!
This is an incredibly important audio interview with Alasdair Macleod discussing the plunge in gold and silver and everyone around the world should listen to it immediately by CLICKING HERE OR ON THE IIMAGE BELOW.
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