Central Bank Gold-Grab Intensifies, Part II
After bad-mouthing gold for decades (and continuing to get their media trolls to attempt to frighten people away from gold today), we are currently witnessing history's greatest "bash and buy."
Both European banking authorities and those in the U.S. are now proposing reclassifying gold as a "Tier 1" financial asset. As was previously noted, this would have the effect of instantly making gold twice as attractive and twice as valuable to all of these large, Western financial institutions.
What makes these developments especially interesting at the present time is that they are occurring at the end of another long period of sideways trading in the gold and silver markets.
Throughout this 10-year-plus bull market, these temporary periods of sideways price-action, where the bankers are able to trap gold and silver within trading ranges, have preceded the largest/longest rallies over the past decade -- where gold and silver prices smash through all previous (nominal) highs.
While the bankers are typically the last to notice and understand the consequences of their relentless manipulation, if you hit a dog over the nose with a rolled-up newspaper enough times, eventually the dog will get the message.
Thus the bankers themselves know their "fun" has nearly come an end (at least for an extended period of time), and they will have to once again sound the retreat on gold and silver prices. Being greedy (above all else), these banksters manage to be quite pragmatic: when they know that gold and silver are set to blast-off once again, many of them like to come along for the ride.