We Can’t Have Gold/Silver Signaling Trouble!

We Can’t Have Gold/Silver Signaling Trouble! by Rory – The Daily Coin

Gold spiked above $1,300 for a brief moment earlier today and since then it has been a downhill slide.

Silver put on, what appears to be a “baby” double-top right at $17.30 and has since retreated as well.

Profit taking? I doubt it. With all the daily noise from geopolitics, economy and social unrest gold and silver both should be moving much higher. The only question is – when will the people overrun the machines?

The blatant manipulation, especially on a day like today, is clear for anyone to see.

Now we have one of the warmongers at the Council for Foreign Relations baiting the upcoming “war games” with the U.S. and South Korea sending some 30-50,000 troops. This has been going on for years, and North Korea has felt threaten for years but this year, with Trump on the ropes, may as well kick-up the dust a little.

Scheduled long before the recent diplomatic fallout between Washington and Pyongyang, the U.S. and South Korean militaries will simulate warfare with North Korea from Aug. 21 to 31, well aware that North Korea could respond with another missile test, according to McClatchy.

In light of this perceived provocation by North Korea, which will almost certainly prompt some reaction, Scott A. Snyder, a Korea specialist with the Council on Foreign Relations said “Over the course of the next two weeks I expect tensions to escalate. This is always a sensitive issue, but it is more hair-trigger as the North Koreans are very sensitive to the likely additional nuclear-capable aircraft flyovers.”

****

But next week’s war games could rekindle hostilities. On Thursday, North Korean state media declared that the military exercises will “further drive the situation on the Korean Peninsula into a catastrophe.”

It’s not just North Korea: Beijing will likely be rather unhappy too.

The exercise, along with one in March, often triggers anti-war protests in South Korea and condemnation from China. While Chinese President Xi Jinping has been noticeably cool toward Kim Jong Un, and has been critical of North Korea’s development of nuclear weapons, China has long wanted the United States to shrink its military footprint in Asia, including some 12 bases in South Korea and Japan.

In an editorial Monday, China’s Global Times newspaper, an arm of the Communist Party’s People’s Daily, lambasted the decision by the United States and South Korea to go ahead with Monday’s exercises.

“The drill will definitely provoke Pyongyang more, and Pyongyang is expected to make a more radical response,” the newspaper said. “If South Korea really wants no war on the Korean Peninsula, it should try to stop this military exercise.” Source

Never mind all this warmongering, the economy, all own it’s on, should send gold and silver higher every day.

How low will the metals be taken down going into the weekend?

Click either image to Enlarge.

Sharing is caring!

Author Image

The Daily Coin

Rory Hall, The Daily Coin. Beginning in 1987 Rory has written over 1,000 articles and produced more than 300 videos on topics ranging from the precious metals market, economic and monetary policies, preparedness as well as geopolitical events. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver, Silver Doctors, SGTReport, and a great many more. Rory was a producer and daily contributor at SGTReport between 2012 and 2014. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Don't forget to visit The Daily Coin and Shadow of Truth YouTube channels to enjoy original videos and some of the best economic, precious metals, geopolitical and preparedness news from around the world.