by Nathan McDonald, Sprott Money:
On a day like today, the irony of gold and silver losing key psychological support levels is beyond ironic, it is ludicrous.
Unless you are living under a rock, then you will have heard that after seven years of hiding out in the Ecuadorian Embassy, Julian Assange, the founder and head of Wikileaks, was forced out of asylum andarrested by the UK government.
This move, highly anticipated for days, caused a sudden flood of emotions, with some supporting the arrest and others screaming out in rage and shock as they watched a disheveled Assange being dragged out of the Embassy and thrown into an awaiting police vehicle.
His appearance once again raised concerns about his well-being and health, as many of his supporters have worried about the damage the last seven years of confinement have done to his mental health.
These concerns appeared to be valid, as Julian Assange without a doubt looked absolutely horrible.
Whether or not you support Julian Assange and Wikileaks likely depends on the way the political winds are currently blowing.
These two very prominent leaks exposed a deep level of corruption within the U.S. government, and thus Assange became an enemy of the United States bureaucrats and the deep state.
The first major leak made Assange a hero to the left, as it greatly damaged President Bush and the Republican party of the time by exposing the violent acts of torture the military was committing overseas.
The second major leak saw the political winds change, blowing them in another direction.
Turning the left, who once idolized Assange, against him.
Meanwhile, since Obama was in office and it made the Democrats look negative, Republicans embraced Wikileaks with open arms.
This flip-flopping of support for a journalistic organization that has proven itself non-partisan should make anyone that has done so hang their heads in shame.
Whether or not you believe or don’t believe the allegations against Assange in his personal life is up to you. However, the organization of Wikileaks itself has proven that they are only loyal to liberty and not a political party.
The truth should always be embraced.
Returning to my opening statement, it is therefore with cynical humor that I watch the ticker symbol of both gold and silver bullion trend lower throughout today’s breaking news.
No matter what you believe, news of the arrest is being heralded as an attack on liberty and the freedom of truth, as it is without a doubt largely politically motivated.
Gold and silver, which represent the embodiment of free, honest money, should be soaring higher as they watch this government crackdown unfold in real time.
Instead, we have the exact opposite: they have both lost important support levels, with gold falling below $1300 USD per ounce, and silver falling below $15 USD per ounce.
Sadly, it appears that today is not only finding liberty on sale, but also gold and silver as well.