Gold Gained Back All Its Losses and Silver Rocketed Higher
Andrew Hoffman

Ah, Labor Day, in which the nation's Labor Force, takes the day off.  We're told the economy is "recovering"; but not why the ranks of unemployed are surging – let alone, the "underemployed" not included in this chart, such as the fast-food workers in 60 cities that went on strike this weekend, seeking a more than doubling of wages to offset the rising cost of living.

Not to mention, the fact that due to Obamacare, many restaurants are no longer offering full-time, benefit-paying positions.

In Europe, too, we are told the economy is "recovering" – per a recent "diffusion index" showing manufacturing employment slightly above 50 last month.

For those not aware that America has 315 million citizens, the below graph represents 43% of the population; gibing perfectly with the fact that U.S. vehicle miles driven continue to plummet…

Of course, the employment component plunged across-the-board, and the continental unemployment rate remained at an ALL-TIME HIGH. 

Care of non-stop Central bank liquidity and manipulation, this is "supposedly" great for stocks; but not so much the people with no jobs, savings, or hope.<

And by the way, the odds of a CATACLYSMIC market crash due to said liquidity and manipulation have NEVER been higher; per the shocking charts below – particularly if the topic of "tapering" continues to be carelessly bandied about, given surging interest rates and the fact the Fed now owns a whopping 32% of ALL U.S. Treasury bonds…

Quite the interesting weekend, as following news that Obama will strong-arm seek Congressional approval to attack Syria; amidst alleged "proof" of an Assad-ordered Sarin attack.

Don't worry, Congress will always do what's "WORST FOR AMERICA, BUT BEST FOR PRECIOUS METALS"; which is probably why it was just learned that none other than the "Vampire Squid" itself purchased a whopping $450 million of GLD shares in the second quarter alone…

It's Tuesday morning, and the Rupee is collapsing to a new ALL-TIME LOW, amidst a nearly 4% Indian stock market plunge – as an absolutely moronic government proposal surfaced regarding a misguided hope of purchasing sacred gold relics from Hindu temples – for rupees.

Meanwhile, a NATIONWIDE South African gold miner strike commenced today – for 80,000 miners, representing nearly 65% of the entire gold mining industry!  And oh yeah, they want wage increases of up to 150% – compared to the measly 6% raises they've been offered.  In other words, the "PRECIOUS METALS SUPPLY CRUNCH" I have written of is about to get a whole lot worse; particularly in light of the data in Steve St. Angelo's most recent report – showing how the top 12 primary silver miners reported cumulative 2Q 2013 losses of $545 million dollars.

On the second anniversary of 2011's "OPERATION PM ANNIHILATION II," the Cartel attempted a new Sunday night attack – taking gold down $25/oz and silver $0.50/oz in the wee hours of the holiday weekend.

But then something strange happened – as gold gained back ALL its losses, and silver rocketed higher.  The Cartel is desperately holding the line on $1,400/oz ($1,397/oz as I write), but silver is up $0.75/oz; regaining ALL its Thursday and Friday losses as TPTB – equally desperately - attempted to prevent traders from taking delivery before Friday's COMEX "First Delivery Day."

It's a BIG week coming up – starting with Thursday's Obama-less G20 meeting in Russia; and potentially, an historic quarter of global political, economic, and social turbulence

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