MMStockPlay's Money Makers

[NYBob]

Bob-C thank you, MM News today - Italian banks plummet on more
woes for BMP/More Spanish problems/Greece
enters 6th day of a strike as
the Greek isles cut off from Mainland

Good evening Ladies and Gentlemen:

Gold closed up today to the tune of $5.80 to finish the comex
session at $1675.20. Silver however finished lower by 24 cents to
$31.70. Today was quite a day as the bankers showed up early
bashing gold and silver but that was to no avail as gold and silver
rose despite the huge fall in the Euro. Gold in Japanese yen rose
to 155,180 yen per oz.

The big news for today without a doubt comes from Europe.

i) The Greek isles have been cut off the mainland for 6 straight
days as strikes intensify. Slowly but surely Greece's GDP will
spiral done to nothing. Can you imagine all of its sovereign bonds
that are used as tier one assets allowing the 24:1 leverage we are
witnessing at major banking institutions.

ii) Problems inside the Italian Banca Monte dei Paschi: Today we
learn that Draghi lied outright. He knew about the derivative
losses while he ran the Central Bank of Italy. However he claims
that he could not do anything about it, it was the job of bank
supervisors. However the bank supervisors claim that Draghi
refused to do anything as probably in 2008-2009 it could have very
well brought the whole house of cards falling down. Monte de
Paschi is a public company and not to do anything and allowing
investors to buy the stock claiming everything is OK is simply
shameful.

Mr Bersani, the leader of the party wishing to win the Premiership
of Italy has strong ties to the bank. Mr Bersani is now faltering
at the polls and Berlusconi is the recipient of this largess.
Berlusconi, if you will recall was thrown out of office by Draghi
and you can bet the farm that Berlusconi would like to return the
favour.

The problem with Berlusconi: he wants to exit the EU.

iii) The Spanish leadership has received "donations" from
construction companies for many years and many of the Spanish
leaders benefited greatly from this. The leaders lavished
themselves with euros and deposited much of this in Swiss bank
accounts. They rewarded contractors with public projects.
This will surely bring down these politicians..and thus Spain.

US DOLLAR VULNERABLE TO A LOSS OF CONFIDENCE EVENT, MASSIVE SHIFT
FROM FIAT PAPER TO GOLD & SILVER HARD ASSET UNDERWAY -

US debt negations have been delayed again, by squabbling political
parties.

We are told that in May everything will be fixed, but the debt
continues to grow, and so does pressure on the fed USD fiat
currency.

The USD fiat dollar is vulnerable to a “loss of confidence” event.

That could create a stunning decline, and a powerful move higher
in the price of gold & silver hard assets.

This chart has numerous head & shoulders top patterns on it, and
it closed out the month of January below 80.50, which is
great news for gold & silver bull prices -



As the EURO & US debt crisis continues to unfold, I expect more investors
to transfer fiat paper currencies to gold mining -





As gold stocks have fallen by about 25% since the high last fall,
the Aroon indicator has continued to climb higher.
It tells me that the bears may be in store for quite a nasty
surprise, very soon.

The spike in the euro will be followed
by a gold price rocket, and gold stocks to follow
I think it is!



Gold Will Hit $15,000 per Oz.

http://www.us-silver.com/Investors/Presentations/default.aspx

Currency Mayhem Threatens to Tank USA$, Ron Paul -

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=84110312



http://www.biblebelievers.org.au/monie.htm
God Bless

Ps.
BEWARE of banksters ETF easy to confiscate by 666


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