Gold in free fall - 20% down from high – September 26 2011 at 06:21pm
The gold price is in free fall and only another major global crisis will stop its descent.
After falling 11% last week, the precious yellow metal dropped 7.5% on Monday - its steepest one-day fall in five years - bringing the gold price down 20% from its all time high of US$1,920.30 an ounce in early September.
This makes this month gold's worst month in three years.
By late afternoon, the precious metal had lost almost US$50 from the US$1,641.39 it was quoted at the JSE's close on Friday to trade at US$1,591.50 - some US$328.80 from its all time high.
Many market watchers warned that a correction was coming and now they are saying the price is likely to bottom and level off before it starts to climb again.
“Gold has certainly taken a dive - and could stumble further in the days immediately ahead - but I think we will see the yellow metal begin its comeback sooner rather than later, possible in the next few days,” said Jeffrey Nichols, managing director of American Precious Metals Advisors.
While the threat of another global economic meltdown has not been dismissed, the US dollar is the sweetheart of investors. In times such as these, the US dollar does then reign supreme. It should and it shall. 'Money' is finding its way to its ultimate safe harbour, and clearly that is not the euro and that is not gold,” said Dennis Gartman in Monday's Gartman Letter.
Wasn't the financial world predicting the demise of the USD since the 2008 financial and economic crisis and collapse of Lehman Borthers? With an imminent Greece Default on the line, to be followed by successive PIGS defaults, US and its European allies controlled by the cabal at their wits' end with their backs to the corner. Was this report timed for release on September 26 2011 for financial gains? The numbers 26, 11 and month September seem to be appearing in many suspected inside jobs or planned disasters. Are these numbers accidental or timed as in setting one's alarm clock?
There are many signs available in both the corporate propaganda media and the people based independent media that some sort of end-game crisis is approaching for the criminal cabal in charge of the G7 countries and their shrinking coterie of slave states. With the Pentagon and the Russian military aligned against the cabal, their downfall is close. For that very reason the cabalists are attempting to stage some sort of game changing atrocity, probably in either the US or Europe. ~ Benjamin Fulford.
Is the old financial world long dominated by the cabalists at the brink of collapse? A world war (WWIII) involving the major creditor countries would solve the headaches they are having right now. It is not they haven't not tried. The Bush-Dick Cheney Administration had been trying to ignite a full blown world war after faking the 911 (Bush's Pearl Harbor) attack and blaming it on the Saudi patsies. Incidentally, the first plane crashed into Tower One at 8:46 am on American Airline flight 11. United Airline Flight 175 crashed into Tower 2 at 9:03 am, 17 minutes later. American Airline Flight 77 crashed into the Pentagon (5) at 9:37am or 51 minutes after the first crash or 34 (17x2) minutes after the 2nd. Two as in double 7. A fourth (4) flight, United Airlines Flight 93, under the control of four (4) hijackers, crashed near Shanksville, Pennsylvania, southeast of Pittsburgh, at 10:03 a.m; exactly 1 hour after Tower 2.
Japan's worst nuclear-tsunami-quake (3 as in triple) environmental disaster struck on 3-11-11 at 14:46 JST (05:46 UTC) or amazingly, 11-3-11 at 00:00:46 EST. The magnitude of the quake was 9 approx 70 km (or 43 miles which numerologically adds to 7) east of the Oshika Peninsula of Tōhoku. This disaster was dubbed Japan's 311, 10 years after 911. Was Japan's 311 timed to occur exactly 46 minutes after the hour as the 1st plane did?
If you think these are just coincidences, look at 3 other earthquakes suspected to have been triggered.
The 2003 Bam earthquake (1226) was a major earthquake that struck Bam and the surrounding Kerman province of southeastern Iran at 1:56AM UTC (5:26AM Iran Standard Time) on Friday, December 26, 2003. The most widely accepted estimate for the magnitude of the earthquake is a moment magnitude (Mw) of 6.6; estimated by the United States Geological Survey. The shallow earthquake (10 km) was particularly destructive, with the death toll amounting to 26,271 people and injuring an additional 30,000. - wikipedia.
The 2006 Taiwan major earthquake (1226) occurred 90 km (55 miles) SSE of Kao-hsiung, Taiwan and 795 km (495 miles) N of Manila, Philippines at 6:26 AM MDT, Dec 26, 2006 (8:26 PM local time in Taiwan). Depth: 10 km. USGS public info.
Both the 2003 Iran and 2006 Taiwan quakes were timed to destruct at precisely 26 minutes after the hour, exactly 3 years apart. The 2004 Indonesia quake which occurred 1 year after the Iran quake, had a disputable magnitude of 9.1 to 9.3 . BK Lim ( Bush lied on USS-San-Francisco-Accident) tied the 2005 January 8, 11:43 GT San Fran accident to the 2004 December 26 quake which happened at 10:58 GT, 13 days earlier.
The 2004 Indian Ocean earthquake was an undersea megathrust earthquake that occurred at 00:58:53 UTC on Sunday, December 26, 2004, with an epicentre off the west coast of Sumatra,Indonesia. The quake itself is known by the scientific community as the Sumatra-Andaman earthquake. - wikipedia
18-Apr-2010 20:58 (8:58pm)
Partial lab test results, a new OptiCem™ model report (using seven inline centralizers) and Halliburton’s cementing recommended procedure for the Macondo well cement job were provided to BP and Halliburton staff. [Complete lab test results on planned slurry design not provided to BP before job was pumped.]
Email from Halliburton inhouse cementing engineer to BP and Halliburton staff
(same minute as 2004 quake)
20-Apr 2010 (21:46) 9:46 pm
~21:46 hours—Gas hissing noise heard and high-pressure gas discharged from MGS vents towards deck.
Real-time data Interviews MBI testimony
(same minute as 911, Japan quake)
20-Apr 2010 (22:00) 10:00 pm
Explosion and Fire
Transfer of 115 personnel, including 17 injured, to M/V Damon Bankston. 11 people were determined to be missing, and search and rescue activities ensued. U.S. Coast Guard arrived on-site at 23:22 hours.
(coastguard arrival same as the minute DWH sank suddenly)
22 Apr 2010 10:22
Reported 2nd Explosion underwater. Deepwater Horizon sank.
Were all these events perfectly timed?
The chance of 3 independent events happening within the same minute of the hour is 1: 216,000. At 8:46 am 1st plane crashed into Tower 1 on 911, Japan's 311 struck on 3-11-11 at 14:46 JST and the “high-pressure gas discharged from MGS vents towards deck” (a mistake?) at 9:46 pm. With astronomical odds like these, it would be a better bet to place your money on a “central command” behind the planning of all these disasters.
The chance of 3 independent quakes (2003 Iran, 2004 Indonesia, 2006 Taiwan) happening on the same day of the year is 1: 48,627,125. The chance of 2 independent quakes (2003 Iran, 2006 Taiwan) happening on the same day of the year within same minute of the hour is 1:479,610,000.
Compare the 2004 December 26 and a later quake on 2005 March 28 at around the same epicentre offshore Sumatra. You get the picture between a naturally occurring disaster and a triggered one.
Sumatra Quake: 28 March 2005
A magnitude 8.7 earthquake has been reported in northern Sumatra, Indonesia by the U.S. Geological Survey (originally an 8.2 magnitude at 2:37 ET (7:37 GMT) the USGS reclassified it to an 8.7 magnitude). Government spokesman Agus Mendrova reported more than 290 deaths on the island of Nias. Hundreds of others were reported trapped in collapsed buildings, including structures weakened by the December 26th earthquake.
A destructive wave was intially feared and many nations issued tsunami warnings. After the quake a USGS instrument near the Cocos Islands recorded a tsunami type wave which the USGS classified as "small." Tsunami warnings were later withdrawn.
The quake occurred at 11:09 ET (16:09 GMT), and is considered a "great" earthquake, the largest of seven grades. This earthquake is also classified as a "shallow" earthquake, occurring within the top 50 kilometres of the Earth's crust. Shallow earthquakes are more likely to cause a tsunami, because as the lower within the surface the earthquake occurs, the less warping of the ocean floor occurs. This earthquake was a thrust quake; the December 26th Indian Ocean quake was considered a megathrust quake.
Giant tsunami waves (>10m) cannot result from chaotic mass displacement of water. A high school physics experiment in creative and destructive wave motion, can prove this. Giant tsunami waves are created from well-timed creative wave sequence. “Destructive waveforms from chaotic mass displacement” is the norm.
To create mega-tsunami, you cannot use HAARP or a single large nuclear explosion since there will always be random destuctive interference waves. You need carefully timed sequence of explosions. You can demolish a building with a single blast but the demolition will be unpredictably chaotic. You have modern controlled demolition experts for the job. I believe the 2004 Indonesian and 2011 Japan mega tsunamis were initiated by well-calculated controlled sequence of explosions to take advantage of a quake-prone situation. This was confirmed by the 8.7 mag quake on 28 March 2005 (3 months later) at approximately the same location as the 1226 Sumatra Quake on 26 December 2004.
There is no financial benefit to a disaster you cannot time and control. The windfalls are obvious if you can accurately predict the time of these disasters. It is like rigging the roulette table. Similarly a financial tsunami can only be generated by a series of well-timed controlled (not chaotic accidental) events and disasters.
What did GoldmanSachs know before the BP Blowout, to have sold 44% of its BP stock 3 weeks before? Tony Hayward sold 1/3 of his BP shares 1 week earlier. So did four other BP directors. What did these priviledged few know? Should those who profitted from through planned disasters or inside jobs, not be prosecuted?