Hello investors, traders and the curious.

I sincerely hope your week was a good one and that it brought with it much opportunity. There certainly was that out there.

But, no matter if you missed it.

There’s always more opportunity than time and resources permit to take full advantage of it seems.

Let’s take a look at one of the developing strong currency movements in forex.

The Euro.

We can clearly see using our Excalibur approach that a long-term (almost a year in length) trend has been broken in the Euro:

From a cash perspective, it would seem that another currency of rising value would be in order.

If the up trend lasted about a year, you certainly can expect this new down trend to be one that can last at least several months, if not all year.

Europe, and therefore the Euro, have problems and they’re bigger than is generally known.

The U.K. is weak and getting weaker. Greece has been found guilty of cooking their financial books and these are just ‘cracks’ in the dike.

That kind of background information is just the back story to the chart’s indicator using the Excalibur approach.

What we’re tracking here is where the largest of institutional traders (Banks, Nations like China, etc.) are shifting their money. When these tigers make their aggressive moves, they turn into elephants stampeding. There’s a lot of momentum (trading dollar volume) behind them and they’re not going to stop on a dime in the currency markets and reverse directions.

If you look at the previous blog we sent out (below this one on this page), you’ll see that I showed an alternate strong currency whose trend continues to be strongly upward; The Australian Dollar. I thought you’d like to see the comparison, so, we are looking at a week currency market this week which is shaping up to be the Euro.

GOLD:

We’re taking a look at a longer-term chart of Gold below here:

When looked at with this perspective we can see that the longer-term up trend is still intact.

I’ve outlined with a red oval where there will be selling pressure developing on the next upswing in prices.

The price area outlined in red is only valid for the next few weeks or so.

If you have a shorter-term interest in this market, you’ll have to update the Excalibur line more frequently and move to shorter-term charts.

Excalibur approach is valid at every time frame. It just depends on your trading preferences.

Public demand for Gold is great. Government demand is also great.

But, there’s a very disturbing set of news bits that are not being reported in mainstream press, that, if they are true, will truly upset the Gold applecart in a way that seems to me will drive prices much, much higher.

“All the Gold in Fort Knox”??

That used to be a saying when I was growing up.

That phrase was used to refer to an ultimate repository of wealth, as in the phrase, “I wouldn’t trade my Family with theirs “for all the gold in Fort Knox”.

Well, my friends, get ready.

I now refer you to this article on an absolutely huge amount of counterfeit gold which the Chinese government received from the U.S. via transfer through London.

There were reported to be between 5,600 to 5,700 bars, weighing 400 oz. each that were not the ‘real thing’ in this huge transaction from the US to China.

Take a moment and do the calculations on those numbers but, be sure to have a huge number of digits in your calculator!

My figures show that the Chinese would have been taken for roughly around $2 Billion at $900/oz on 5600 bars and that sure isn’t petty theft! And, when the gold originated from our depository in Fort Knox and, so, essentially comes from a sovereign government like the U.S., that’s supposed to be the standard-bearer and defender of the US Dollar, that poses even greater questions about the integrity of the international gold supply.

Is this one of the reasons for the president’s recent trip to China? They’ll never tell.

If this information is true, this would be a Global heist that even Goldman-Sachs could admire in audacity and cunning.

And, the implications and history this brings into perspective could cause you a restless sleep tonight once you read more and give it some thought.

This story goes back to, at least, 2004 according to the article I’ve referencing. I wonder if, in fact, it goes back even further back, say, to around 2001?

On 9/11/01 another gold depository located below the twin towers in New York City was violently violated.

In addition, the Comex Gold exchange was  destroyed and, undoubtedly, records went missing in the destruction and chaos that ensured.

Massive amounts of Gold were ‘lost’ temporarily and then found again (or were they ‘salted’ with counterfeit bars at that convenient time of crisis and fear?) . This new information makes one suspicious.

One thing our times are teaching us is that there really is no limit to greed and amount of theft some are willing to dare in pursuit of financial and political power.

But, that’s another story and the news in this article is certainly enough all by itself.

I cannot go into it in this blog, so, set aside 10 minutes and go to the article, but, be sure to watch your blood pressure!

It’s all food for thought. Thanks for visiting. - George

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