This post may be difficult for some readers to accept, yet it is the compilation of years of research and inference. So far is is only a hypothesis, as solid evidence is difficult to obtain. The circumstantial evidence is substantial, and in my view, the conclusions are logical.
In his 1895 book "The Time Machine", author H.G. Wells writes of an adventurer who travels 800,000 years into the future and encounters humanity in the form of two distinctive races, the Eloi and the Morlocks.
The Eloi live a life of leisure, are peaceful and free from worry, and have a fruit based diet.
The Morlocks are violent, meat eating brutes that keep the machinery of society working, live underground and only appear above ground at night.
In Wells dystopian view of the future, perhaps more than just a glimpse of the present is found.
Much of present day government and corporate thought seems to have its foundations in English, French and German philosophy of the late 1800s and early 1900s. Of particular interest is H.G Wells membership from 1903 -1908 in the Fabian Society.
Fabian Society coat of arms (Wolf in Sheep's clothing)
As long time readers may recall from earlier posts, the Fabian Society is a socialist society formed in 1884 whose stated goal is the gradual expansion of socialism.
One of today's more notable Fabian members is none other than George Soros.
Of further interest is the Fabian Society's interest in eugenics. In the early 1900s Fabian Society members advocated the ideal of a scientifically planned society and supported eugenics by way of sterilisation.
From an historical economics perspective, it is interesting to note the views of economist J.M. Keynes.
Hence the enthusiasm of John Maynard Keynes, director of the Eugenics Society from 1937 to 1944, for contraception, essential because the working class was too "drunken and ignorant" to keep its numbers down.
With this background one can appreciate the framework that helped found the European Union.
In his book Practical Idealism (Praktischer Idealismus ) by Count Richard N. Coudenhove Kalergi the author promoted an idea of all races blending together "The man of the future will be of mixed race. Today's races and classes will gradually disappear owing to the vanishing of space, time, and prejudice. The Eurasian-Negroid race of the future, similar in its appearance to the Ancient Egyptians, will replace the diversity of peoples with a diversity of individuals".
Coudenhove-Kalergi was president of the Pan European Union from 1926 until his death in 1972.
With this background, the reader can quickly ascertain that the socialist world view is similar to that of the greek philosopher Plato who advocated government by philosopher kings for the common man. The socialists go much further than Plato by viewing themselves as more than just superior, but god-like similar to HG Well's Eloi. (As a curious matter of interest, the word Eloi is a derivative of the Hebrew name Elohim meaning god-like).
Is it surprising then, that Fabian socialists have hijacked the media and education system to promote their views?
Is it surprising that a discipline as important as logic has been taken out of the education system?
Is it surprising that a large migration of young men is underway firstly in Europe, and secondly in North America to achieve the plans of Coudenhove Kalergi to create the mixed race of workers/slaves to serve the wealthy elite, the "Eloi" of Well's novel?
The NWO can hardly afford to have well educated, logical thinking individuals questioning their socialist plans for domination. (Another curiosity is the fact of HG Wells' authorship in 1940 of a book called The New World Order.)
Make others aware.
Stop the New World Order!
Wednesday, January 4, 2017
Saturday, December 31, 2016
Our 2017 forecast for gold is based on several inputs including presumptions regarding the US dollar and geopolitics. With this in mind we have produced two primary views of the market for the year.
Our most likely scenario is the second one labelled Flat Correction.
In this view, the bounce in price underway would stall at the $1210 area before another leg down to test the lows of 2015 near $1050 sometime during the middle of the year. This would complete wave B down setting up a strong wave up beginning late in the year and especially moving strongly during 2018.
The second view, which we consider somewhat likely at this point is the first illustration labelled "triangle correction in a B wave".
In this view, price bounces to perhaps the $1280 -1290 range before correcting and chopping around for much of the spring and summer period to complete the B wave. Then a tremendous rally unfolds with a target over $1480 that is not met until spring or summer 2018.
This scenario considers the US dollar rally as a bull trap that fails in late summer or autumn.
Tuesday, December 27, 2016
The first chart shows GDX the gold miners ETF starting to outperform the general market after a 5 month sell off.
If the first resistance level of 20 can be taken out, the second resistance level near 21.5 would be a potential target.
Liquidity is very thin this time of year, so wild swings in both the metal and mining stocks are possible over the next few days.
The second chart shows the relationship between the Dow Jones Industrials and the gold metal ETF GLD.
There are signs that the Dow is tiring and GLD is perking up.
With these facts in mind, we should consider the possibility of a US dollar bull trap set up, that if sprung, would likely drive gold prices higher for some time. The 104 and 100 levels are key to either invalidate or validate this hypothesis.
Over the next few days we will complete our work on our 2017 gold forecast and outlook for the precious metal.