A possible daily cycle bottom in the markets but only the 1% benefit
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I have noticed that Gary and Toby are never in the same place at the same time. Does Gary have an uncle or father named Michael?
We have spoken to him via Skype video and Cory will be down there in October and I will be down there in November.
On Skype video Gary is Gary!
Toby is the pen name my partner and I use to publish the GS website. I combined the GS site with the regular SMT blog the other day so the GS site is shut down for now.
thanks Gary for clearing that up. I enjoy listening to you.
Don’t be so quick with compliments Keylime. He might start demanding a pay raise!
Gary talks about the PPT (plunge protection team), but I bet he can’t name who they are or how much money they’re pumping in the market. I’ve been told its the Central Banks whatever that means. Could be the big 3, but who knows for sure?
The 17.50 level in silver was obliterated into a smoking pile of rubble today. Sliced right down into a 16 handle on its way to fifteen bucks. This is a bear market baby. Revel in it and enjoy!
The one good thing is that at bear market bottoms price drop to levels that have no basis in reality. We are going to see that next summer IMO. That’s the point where millionaires and billionaires are created for those that can buy at that bottom.
yes, the good thing is it gives us a great opportunity to buy as long as you have some cash.
It is hard to believe that all QE effect has been eliminated from silver. But here it is.
Yes it did Bird. We have chosen to embrace the trend instead of coming here day after day slitting our wrists and screaming from the mountain tops, about all the injustices of the markets.
This is not about trepidation and injustice its about reality, its an opportunity and it is my hope that many of these worthless unsustainable companies start falling to the wayside or consolidating soon and start clearing the landscape for brighter days next year, or whenever that time comes for better days.
The true, real bottom is off in the distance and when it arrives the market will let us know for the most part and it will be an excellent, excellent time to be a buyer in the sector. The miners are not going to run away from any investor. You’ll have plenty of time to scale in and make handsome profits when the worm turns.
Your analysis has been brilliant and right on the money!
V
If the markets are for the 1% then surely they have to sell the stocks they have bought to make the money? Who are they going to sell to? If it is to each other then surely there is a game of musical chairs going on with the very wealthiest people in the world and some are going to end up with their asses on the floor. If, on the other hand, it is the smaller investor the 1% intend to sell to then surely it makes sense not to recommend buying the stock market. then the 1% have no escape, except QE infinity, in which case, manipulation will sooner or later lead to revolution.
James,
Here is something totally non factual or able to prove but could be what is truly happening behind the scenes.
We can all agree that money has now become mostly digital. With the press of a button the fed/bankers can print at will. What if the fed/elite/bankers etc etc etc, collectively agreed to buy lets say 1 trillion or billions worth of miners as they are currently bleeding and digitally make those purchases. Lets say those creative algorithms working the lines for them and when the appetite is settled they turn the miners up reaping all the rewards for them? And on the other side they sell, sell and sell some more equities to make some profits, albeit they will take some losses as it caves down.. In the end the could leverage themselves and have that digitally excess money offset each other from both ends. Say they lose 1 trillion in equities after everything, but they make double that with the miners at these prices. Play with the figures either way I don’t trust the fed/bankers or anyone else who has complete access and capability of seeing my trades.
Al don’t mean to change topics but is Gary Savage really someone named Toby Connor? If that’s the case the picture of Gary is not the same as Toby. Have you ever met Gary in person and if so is the picture that is posted him?
Just curious.