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 Replies: 162 / Views: 12,399 |
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Pillar of the Community
United States
830 Posts |
Very interesting, thanks for posting. Makes as much sense as anything.
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Bedrock of the Community
13014 Posts |
From the article itself Quote:
allow me to relay my speculation Hat tip for him about being honest and upfront that its just his speculation. That said personal bias will seem to be the deciding factor for it. If you think its doing what it should be doing you wont put any stock into it, if you think its being held down somehow youll buy into it. Either way its speculation and the idea that these massive conspiracies can be pulled off in todays world is a bit of a stretch. Regardless of what you feel about the market, you should want more confirmation than a random blogger who claims to have been in contact with a trader before buying into a conspiracy that no one else in the world knows about. Theres a lot of valid reasons large sell offs can and do happen. |
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Bedrock of the Community
United States
36878 Posts |
I doubt Bernanke or any of the movers and shakers will ever tell us for sure what they are really doing. People will have to put the many pieces of the puzzle together on their own. Eurogroup president Jeroen Dijsselbloem publicly admitted that what just happened in Cyprus will serve as a model for future bank bailouts. http://uk.reuters.com/article/2013/...O0IL20130325Edited by IndianGoldEagle
04/14/2013 8:09 pm
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Bedrock of the Community
13014 Posts |
Its impossible to know everything theyre trying to do, though Burnake really just creates conditions hoping people do what he wants. To get everyone in on something to that requires them acting in unison when we couldnt even keep Osamas death secret before the announcement and that was just a few hours, someone would talk.
I dont doubt Cyprus will be a model for Europe at least after all theyre the ones who did that bailout anyway. Whether or not that would translate here who knows. Theres a lot of states looking for excuses to reject the fed and theres a bit of a difference between what European governments and our government can get away with/would be tolerated
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Pillar of the Community
United States
3789 Posts |
1- oversold/undersold terms.. classic gibberish that means nothing and laughed at.. that's talk radio and TV lingo. Why? because that's not the markets opinion, trends continue and moves continue longer than anyone thinks
2- major technical damage was done, a yearly low was put in place, confirming it. gold and silver continue to go lower, and it will not surprise anyone that they retrace and continue a march lower.
3- that blog writer is a conspiracy believer who wants to sell to those who buy into that, obviously the gold and silver crowd. He fails to tell everyone that gold and silver have been in a downtrend since November, EVERYONE on the desks knows and knew that... this was expect and had been talked about, a fast move, furious.
4- I know its hard for many to expect lower prices, many of you will silently admit that you wish either 1- you would have booked profits earlier 2- wished you had not been buying every dip.
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Bedrock of the Community
United States
36878 Posts |
Quote:
4- I know its hard for many to expect lower prices, many of you will silently admit that you wish either 1- you would have booked profits earlier 2- wished you had not been buying every dip. I don't buy for quick profits, I buy for long term preservation of what little wealth I have. I am surprised though at how many feel that there can be no manipulation of the financial markets. They busted banks for the Libor Rate fix ( https://en.wikipedia.org/wiki/Libor_scandal), why is it so hard to believe other markets are not also corrupt and heavily manipulated by banks and government? |
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Bedrock of the Community
13014 Posts |
Quote:I am surprised though at how many feel that there can be no manipulation of the financial markets. They busted banks for the Libor Rate fix ( https://en.wikipedia.org/wiki/Libor_scandal), why is it so hard to believe other markets are not also corrupt and heavily manipulated by banks and government? I dont believe its impossible, but I'm certainly not going to believe it without hard evidence proof. That scandal was from the London Banks and they got busted for it. This would have to on a much larger world wide scale which would mean everyone would have to be in on it and no only be okay with that but stay quiet as well. Nothing impossible but thats not going to be my first thought when prices had been creeping lower for over a year now. Like I said I dont think its impossible, but I do think its impossible to do a world wide scam like that and keep it quiet. People manipulate markets all the time as buying or selling changes prices which is a form of manipulation, but the manipulation occurs within the rules of trading. |
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Valued Member
United States
329 Posts |
All markets are manipulated by large institutions. This is nothing new. Whats happening to gold will also happen to the stock market and for the same reason.
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Valued Member
United States
329 Posts |
"but the manipulation occurs within the rules of trading."
Those rules are selectively enforced. The US is following the old Soviet plan. You can print alot of money and with accelerated central planning you can get very low inflation for the massive amounts of money you create. But it will have to encompass more and more such as someone on Wall St. getting paid each time you go to the doctor, and so on. Cyprus did not own its gold free and clear. Gold protects people not govts. Cyprus was broke which is why they joined the EU. All they had left was their sovereignty and they sold that as well. In a command economy gold has little value until of course the arrangement fails. I beleive central planning fails always. No matter how well or even dubiously intentioned, central planning will only bring about the need for more central planning. You may beleive otherwise and thats what makes a market.
Edited by wjl
04/15/2013 04:19 am
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Bedrock of the Community
13014 Posts |
Quote:
I beleive central planning fails always. No matter how well or even dubiously intentioned, central planning will only bring about the need for more central planning. You may beleive otherwise and thats what makes a market. I dont believe otherwise actually. I've said in some other older threads that I believe every government is destine to fail at some point, every single one throughout history has and I dont think were now in some new time were that changes. That said I dont think its destined to fail anytime soon. There will come a day when the US either doesn't exist or is two or more countries ect. Will that day be in the next 20 years very unlikely. Will it be in a 1000 years quite possibly, 2000 year almost definitely. |
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Pillar of the Community
United Kingdom
616 Posts |
As I read through comments and talk of fates of governments and PM value for 5,000 years the thought struck me how short a period of time 5,000 years is and how brief the history of human society is and yet we talk about it as if these are trends that have existed for eons. Just an observation.
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Valued Member
United States
329 Posts |
I don't think the US gov't is going anywhere. However the economy is in very bad shape globally and being propped up with nearly no cost money. Its the no-cost money that creates the problems. It creates the volitility. Banks are twice the size they were 5 years ago in terms of supposed capital, yet the rest of the economy while still profitable has become smaller. The volitlity that's a means of survival for the trading banks kills commerce. What gold is telling is the same thing it told you years ago that a crash is coming in the not too distant future. I've been raising cash too, but from the sale of equities, not gold. Equities are still well bid. That will change.
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Posted 04/14/2013 5:55 pm
