DID YOU KNOW THEY HIDE LISTENING DEVICES IN OUR CHEESE

If you believe that Western Central Planners orchestrate coordinated attacks on the price of gold and silver (ignore the declines in platinum, palladium and oil, which traded similarly) in order to distract the brainwashed American Sheeple from the massive military defeats in Ukraine, you should probably see a doctor, right?  I mean, if one of your friends told you that he believed this, you’d be worried about him, right?

 

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That’s John Embry -the Chief Investment Strategist at Sprott Inc, by the way, in an interview at King World News.

Look, I don’t want to belabor the point, but the Average American Idiot doesn’t give a half a crap about what’s going on in Ukraine.   Furthermore, the Average American Idiot doesn’t look at the price of gold, see it falling and conclude that things must be good/bad/indifferent in Ukraine.  To suggest that the Average American Idiot would be interested in the situation in Ukraine, but would conclude that The Mighty United States is winning whatever war they think we’re fighting because the price of gold is going down and then lose interest – well, that’s crazy talk.  I don’t know how else to put it.  It’s padded-room territory.

 

 


 

You know what the Average American Idiot cares about?  Here’s the hard data from Google:

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I know what you’re thinking – “Hah KD – you got caught in your own example – there’s “Paczki” on the list, which is obviously a city in Ukraine where the Western Military Might has suffered a crippling military defeat, hence the need for Western Central Planners to smash the price of gold (using HFT and short selling, obviously).”   Hold your horses there, Chief:  Although Paczki have roots in Eastern Europe, you’ll find that they’re the most American of things:  donuts.  Polish donuts.

And you can bet your government welfare check that “Kim Kardashian” and “Free tax filing” will show up on the List of Stuff Americans Care About before “Western Military Defeat in Ukraine” and “Gold” will.

Aside, if you read the rest of Embry’s KWN interview – and I recommend you do: you wouldn’t want to miss the Nazi analogies, and the standard denials of data accuracy – there is a lesson to be learned from Embry’s exclamation that SILVER IS THE MOST UNDERVALUED ASSET ON THE PLANET:

Just because you think something is undervalued, it doesn’t mean that it is, and that there must be a conspiracy preventing said asset from realizing the said value that you’ve assigned to it.   When you’re talking about an asset that produces no cash flow, well, any exclamatory superlatives about value should be taken with a heaping pile of salt.

 

related:  past chronicles of Eric Sprott’s activities from the archives

-KD

disclosure: I have a long position in $SLV and $SLV calls.  Did that make your brain smoke?

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