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IPFS News Link • Economy - International

Faber: 'Middle East Will Go Up in Flames'... 'Have To Be in Precious Metals and Equities


Gold’s London AM fix this morning was USD 1,685.60, EUR 1,282.24 and GBP 1,068.26 per ounce.

Yesterday's AM fix was USD 1,698.00, EUR 1,286.17 and GBP 1,073.60 per ounce.

Gold fell $6.30 in New York yesterday and closed above the $1,700/oz level at $1,705.30/oz. Gold fell in Asia prior to further modest price falls in Europe which saw it fall below yesterday's inter day low of $1,694/oz. Gold is now trading at $1,686.40/oz.

Gold’s short term technicals are poor and a further correction to or below the 200-day moving average at $1,670/oz is possible (see Barcap view below). However, it is worth noting that gold’s weakness has coincided with recent dollar strength and gold has not fallen as much in euro, pound or other fiat currency terms.

The fundamentals of significant macroeconomic, systemic and monetary risk will support the precious metals. As will the increasingly risky geopolitical situation – the risk of which is not priced into markets just yet.

2 Comments in Response to

Comment by panocha
Entered on:

If you want to point a finger, use your Middle finger. Don't use your index finger because if you do, your bigger finger -- your thumb -- is pointing at you.

Comment by Ben Dover
Entered on:

IF (or WHEN) the Middle East goes up in flames, here is where you can point the finger:  Rothschilds/Rockefellers/Israel/1948/Mossad/AIPAC/Wall St/District of Corruption/"Neo-Cons"/Dual Israeli-U.S. Citizens loyal to Israel or rather Ashke-nazi KHAZARS, only.

 The Coverup of Zionist Organized Crime

JFK “The President and the Press” Speech, before the American Newspaper Publishers Association.

John F. Kennedy Speech, April 27, 1961 Waldorf-Astoria Hotel, New York, NY.

Note: JFK was talking about the VERY SAME CONSPIRACY that David Duke is talking about, in the 1st Video (above).

MUST WATCH FILM: Under the Sign of the Scorpion, by Juri Lina, aka In the Shadow of Hermes (Full Film)

Israel Is The Greatest
Threat To The Entire World
The Sampson Option