This is a follow up to my article on silver, yesterday:
The action in Gold over the last month plus shows us that Blythe has been playing gold like a fiddle but that she has not gotten the desired result because otherwise gold would now be trading at about $1530.
My silver chart reveals her true intended intentions:
Here in the gold chart we see perfect geometric shapes, one right after the other...
There is no lack of interest in gold however unlike we saw in silver where interest waned after the conclusive attacks of the Blythe-master herself!
But, the real battle is in gold, not silver and I will tell you why.
The gold market is huge and the shorts JPM and HSBC have are tremendous and they are the key that shows JPM must get out of these before the crash of Europe because if they do not undo these short positions then they lose everything, and I mean everything.
They will cease to operate as a bank because they cannot begin to cover the losses that will mount on the COMEX let alone the over the counter market in London.
It is interesting in that in many movies we see biblical references to the book of the Revelation and the end times and financial catastrophe, over and over again, but I want to point out to you a passage in Revelation 17 and 18 where it almost looks as if John the revelator is describing our current derivative nightmare and perhaps JP Morgan and Blythe Masters themselves and our top 5 US banks with almost $300 Trillion in notional derivative exposure, according to the Bank of International Settlements.
Take a look at these scriptures and see if you can see JPM in this nightmarish description of an economic merchantile-like "whore"...
New King James Version (NKJV)
The Fall of Babylon the Great
18 After these things I saw another angel coming down from heaven, having great authority, and the earth was illuminated with his glory.2 And he cried mightily[a]with a loud voice, saying, "Babylon the great is fallen, is fallen, and has become a dwelling place of demons, a prison for every foul spirit, and a cage for every unclean and hated bird!3 For all the nations have drunk of the wine of the wrath of her fornication, the kings of the earth have committed fornication with her, and the merchants of the earth have become rich through the abundance of her luxury."
4 And I heard another voice from heaven saying, "Come out of her, my people, lest you share in her sins, and lest you receive of her plagues.5 For her sins have reached[b] to heaven, and God has remembered her iniquities.6 Render to her just as she rendered to you,[c] and repay her double according to her works; in the cup which she has mixed, mix double for her.7 In the measure that she glorified herself and lived luxuriously, in the same measure give her torment and sorrow; for she says in her heart, 'I sit as queen, and am no widow, and will not see sorrow.'8 Therefore her plagues will come in one day -- death and mourning and famine. And she will be utterly burned with fire, for strong is the Lord God who judges[d] her.
The World Mourns Babylon's Fall
9 "The kings of the earth who committed fornication and lived luxuriously with her will weep and lament for her, when they see the smoke of her burning,10 standing at a distance for fear of her torment, saying, 'Alas, alas, that great city Babylon, that mighty city! For in one hour your judgment has come.'
11 "And the merchants of the earth will weep and mourn over her, for no one buys their merchandise anymore:12 merchandise of gold and silver, precious stones and pearls, fine linen and purple, silk and scarlet, every kind of citron wood, every kind of object of ivory, every kind of object of most precious wood, bronze, iron, and marble;13 and cinnamon and incense, fragrant oil and frankincense, wine and oil, fine flour and wheat, cattle and sheep, horses and chariots, and bodies and souls of men.14 The fruit that your soul longed for has gone from you, and all the things which are rich and splendid have gone from you,[e] ;and you shall find them no more at all.15 The merchants of these things, who became rich by her, will stand at a distance for fear of her torment, weeping and wailing,16 and saying, 'Alas, alas, that great city that was clothed in fine linen, purple, and scarlet, and adorned with gold and precious stones and pearls!17 For in one hour such great riches came to nothing.' Every shipmaster, all who travel by ship, sailors, and as many as trade on the sea, stood at a distance18 and cried out when they saw the smoke of her burning, saying, 'What is like this great city?'
19 "They threw dust on their heads and cried out, weeping and wailing, and saying, 'Alas, alas, that great city, in which all who had ships on the sea became rich by her wealth! For in one hour she is made desolate.'
20 "Rejoice over her, O heaven, and you holy apostles[f] and prophets, for God has avenged you on her!"
Finality of Babylon's Fall
21 Then a mighty angel took up a stone like a great millstone and threw it into the sea, saying, "Thus with violence the great city Babylon shall be thrown down, and shall not be found anymore.22 The sound of harpists, musicians, flutists, and trumpeters shall not be heard in you anymore. No craftsman of any craft shall be found in you anymore, and the sound of a millstone shall not be heard in you anymore.23 The light of a lamp shall not shine in you anymore, and the voice of bridegroom and bride shall not be heard in you anymore. For your merchants were the great men of the earth, for by your sorcery all the nations were deceived.24 And in her was found the blood of prophets and saints, and of all who were slain on the earth."
Now take a look at Revelation 17 as this is the set up verses explaining just who is behind this whoredom:
Of course, this is just mere speculation, right? ;)
See you next time!