This is a Major Buy Signal for Gold

by Will Lehrer, Perpetual Assets

Mass public sentiment is a fantastic barometer for the price action in certain asset classes. With gold it is powerful. When one is paying close attention to the machinations of mass media, it becomes even more obvious.

There have been obvious campaigns recently where public sentiment was steered towards a certain goal or agenda. Some call these false flags. Often these end goals are met, and often they are thwarted. The freshest in my mind is the measles outbreak in California and resulting heavy push for mandatory vaccination. In this case the numbers just didn’t add up to the observant eye. For example half the kids in the outbreak were MMR vaccinated. How do we know that the outbreak wasn’t caused by the vaccine? The resulting media push was horrific. The good news arrived when parents and families lined up filling the halls of the state offices in Sacramento to oppose the proposition and subsequent stripping of their parental rights.

The Economist, a magazine with a weekly circulation of over 1.5 million, published an incredible disinformation piece on gold. The May 2nd publication titled “Gold Price, Buried” argues that the current gold price action alone does not reflect the Middle East upheavel, Eurozone woes, or the “loose monetary policy in the rich world” and therefore is truly a barbarous relic only sought out by crazed irrational investors and gullible fools. This argument clearly negates the possiblity of price manipulation, which has been proven and all but prosecuted.


Upon reading an article like this one must ponder the intent of such a strongly one-sided anti gold piece rife with disinformation. It was not only misleading but complete with propaganda and lies, including the notion that “Russia is buying gold, but few others are”. A recent case study by Mark O’Byrne fantastically dissects the propaganda piece.

Ever heard the phrase qui bono? Follow the money. I thought I’d research the roots of The Economist. Would you believe the Rothschild banking dynasty has equity in the “Newspaper”? Upon simple research I found the following from Wikipedia:

“The publication belongs to The Economist Group, half of which is owned by Pearson PLC via the Financial Times. A group of independent shareholders, including many members of the staff and the Rothschild banking family of England,[8] owns the rest. A board of trustees formally appoints the editor, who cannot be removed without its permission. Although The Economist has a global emphasis and scope, about two-thirds of the 75 staff journalists are based in London.[9] As of March 2013, the Economist Group declared operating profit of £68m.”

This reflection of public sentiment is a buy signal for gold. The contrarian investor is often rewarded for acting against public sentiment, going against the grain. Short term price gyrations could go anywhere, but this is a signal from the king of monetary tyranny that the overall trend is likely changing.

By Will Lehr of Perpetual Assets


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