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The Ghost of Fort Knox Past: Part 6By Dr. Russell McDougal
It’s time to wrap up this series of articles … at least for now. Truth be told, we’ve barely scratched the surface regarding the supposed contents of Ft. Knox. A book is waiting to be written. The interest in the subject is clearly huge. Thank you to those of you who have sent me additional sources on the U.S. gold controversy. Much appreciated. Long ago, I considered “specializing” in the Ft. Knox issue, learning everything I could about the topic. Maybe not the wisest choice of topics. The current dabbling may just have to suffice. Today I’m going to give you my gut feelings on whether the Federal Reserve has squandered the gold it was put in charge of some 95 years ago. My fourth major reason for suspecting Ft. Knox is largely empty is an opinion. I’ve been heavily involved in both gold and silver since 1993. The manipulation controversy has continued to come to the forefront. Who is it that is the major underlying manipulator? The deeper you look, the more clearly you will see that it is an Anglo-American operation. New York and London elitist entities pull the strings. A favorite expression of mine is that “All Rhodes lead to London.” The London Gold Pool of the late 1960s and early 1970s is a well-known gold price-capping event. It failed miserably and may just have been the downfall of the U.S. gold hoard. These attempts to suppress the free market prices of a commodity are nothing short of dumb. Click here for more. Most every country in the world has some form of “central bank.” They are connected to each other through organizations such as the World Bank, Bank of International Settlements, and the International Monetary Fund. These are all headquartered in the “western” world of money and finance. Let’s see how global central banks have handled the gold issue over the past 10 or so years. In 1999, the Bank of England announced a coming auction of its gold assets. This announcement absolutely decimated the gold market and put it under the spell of the Bank of England auctions for many subsequent years. England’s gold was donated in a market suppression scheme that cost its citizens dearly. The gold was dumped in the range of $300. Not exactly prudent. Click here for further details. The International Monetary Fund (IMF) also holds very large amounts of gold. It’s listed as 3,217 tons and is valued at more than $9 billion, at least according to official records. You cannot go more than 10 months without seeing the threat of the IMF gold hoard coming to market. It is offered up so often that it’s mostly a joke at the present time. IMF gold cannot be sold without specific approval from the U.S. Congress. Not that they haven’t tried. Who else has gold to offer in the Anglo-American scheme to continue their predatory fiat dominance of western central banks? --------------- INTERNAL ENDORSEMENT --------------
----------------------------------------------------- The Washington Agreement on gold was announced in September 1999. This one actually supported the gold market, as 15 central banks across the globe (sans US) decided exactly how much gold they would dishoard in the coming years. Most interestingly, the agreement took place in Washington, of all places. The agreement also announced that gold remained an important component of international finance. Duh. Again, we see central banks, other than the Fed, making plans for selling gold reserves. A more detailed explanation can be found here. How about gold from Kuwait being offered to the market in more suppression games in 2006? Why not? Click here for more. Gold from Ecuador, anyone? Looks like somebody is scraping the bottom of the barrel. Other central banks that have been hit up to dump gold include Portugal and the mighty power of Sri Lanka. Do you see the trend? If you believe, as I do, that the gold suppression scheme is an Anglo-American one, whose gold is never offered up on the cheap? Yep, it’s U.S. gold that is somehow seen as sacred. Everyone else gets to participate, including London. But not Ft. Knox and the other U.S. depositories. That strikes me as particularly peculiar. Central banks that have a few coins and those with huge reserves participate, but the one with the largest reported reserve, some 8,200 tons, stands pat. Something isn’t right here. One explanation is that the U.S. holds these reserves sacred and would never compromise their nation’s financial foundation. That won’t fly. See my previous 60 articles. The other rationale is that there is a good reason the U.S. gold never comes to the fore. It ain’t there. Hard to dump what you no longer have. What’s the bottom line after these six Ft. Knox gold articles? Show me the gold! You refuse to prove it for some 50+ years. I refuse to believe it. This issue will outlive most of us. That’s a wrap. Invest Resourcefully, RustyP.S. To let me know what you thought of today's article, send an e-mail to: feedback@investorsdailyedge.com. [Ed. Note: Dr. Russell McDougal has dedicated years of study and investing in the natural resources exploration sector. During that time he has closed out DOZENS of gains of 500%... 1,000%... 2,000% and more! Currently he is sitting on multiple thousand percent winners, including one stock that is up a whopping +5,000%. And for a select group of investors, Rusty has agreed to share his secrets of success... and his top stock recommendations. Click here to learn more... ]
When do I sell?By Charles Delvalle A question from one of our readers… I only trade options and obviously I suffer a lot of losses. I have just learned how to correctly place stops and trailing stops, which has helped heaps. However, my biggest test is to know when to pull out of a winning trade. Take one of my current trades. I purchased Winnebago November calls just 2 days ago and now they are up over 250%. Should I take the gain or do I wait and see if their earning report on Thursday will push them further. Should I sell half of my position? Les R. Dear Les, Congratulations on that 250-percent gain in only two days. That’s an amazing return and I hope you were able to capture some of it. To answer your question, there really is no “right” time to get out of your position. But that doesn’t mean you shouldn’t have some kind of system to capture your gains. In our IDE Global Profits Hotline service, we sell our options off in thirds (this is something your Monday editor, Rick Pendergraft, taught me). Basically, once I have a 30-50 percent gain, I sell off a third of the position. Once the option hits 100 percent, I take off another third. And I leave the last third open until the option stops moving my way. Using this system, I was able to lock in gains of 41, 101, and 129 percent on Garmin (GRMN) just this past month. Granted, if my option looks like it won’t hit the 100-percent mark, I try to sell it at the top. How do I determine the top? Well, that’s all outlined in my three-indicator strategy. In the end, you should have a system that tells you 1) the target profit you could make, 2) when the stock starts moving against you, and 3) when to sell your positions. Good trading, Charles --------------- INTERNAL ENDORSEMENT --------------
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