Cyprus and Gold: the Elite are losing it.

1. Investors had learned from the Cyprus fiasco that banks and deposits are not safe. It was a big loss of confidence for the ruling elites.

2. The gold takedown was another blow to the credibility of the financial elites. I have promised a few months ago that I will find out how the gold price is manipulated and here is the latest find:

http://seekingalpha.com/article/1365351-physical-gold-vs-paper-gold-the-ultimate-disconnect?source=email_the_daily_dispatch&ifp=0

Just as the Cyprus mistake cast doubt on the financial elite, the takedown of the gold price led to loss of credibility. Some of the consequences were not seen by the perps. The dropping of the gold price has opened the floodgates of demand for the physical metal. people had cleaned out coin dealers and sellers of gold and silver bars. The COMEX has no gold available, neither does the LBMA or the Swiss banks. JP Morgan's gold stock has been reduced from 64M ounces to 160,000 ounces.

The gold shills are as active as ever, but we know that the COMEX is a phoney criminal syndicate designed to fleece 90% of the traders. Anyone who buys futures contracts is a fool.