Monday Technicals from Rick
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For me it is too early to talk about a new paradigm just yet!
If The US loses it’s World Reserve currency status they wouldn’t have the need to manipulate the price of gold downward in order to install confidence in their fiat money. Instead of anti-gold and anti-silver propaganda they could start urging citizens to buy gold and this would have a dramatic effect on it’s price.
What do you think the odds of that happening are, Machine Gun?
Maybe we can all breathe a sigh of relief. Jeffrey Chrisian says that he is long all 4 precious metals, gold, silver platinum and palladium.
http://www.kitco.com/news/video/show/5-Year-Special/798/2014-10-10/CPM-Groups-Jeff-Christian-Goes-Down-Memory-Lane
I will be very careful trusting Jeff. He represents his bullion bank clients first. But sometimes he does leak out good information. I heard him denying manipulation first and then describing how to manipulate PM right after that. He also gave a 100 time leverage ratio in metals market. A wolf in sheep’s cloths. But I have to say he is quite knowledgeable and well connected.
Lawrence………I agree with you concerning JEFF.
Jim Willies interview @silver doc discusses the countries dropping the US dollar, and what he expects from the sge among other things.
Guess he figures the Americans are going to have to come up with a currency used only in the US.
Figures its gonna be red, I remember the discussions about the pros and cons of this currency about 5 years ago, with so many countries dropping the American dollar they are going to respond somehow.
Very few countries are dropping the dollar. Mainly has to do with China and Russia for obvious reasons. Also Iran. Russia and Iran because they do not like us. China because they want to take our place.
GOLD HAS TURNED………………………….
Isn’t 1240 still resistance? I’d like to see it clear that, and hold. Would also like to see silver clear and hold 17.50, then 18.00. Fortunately I bought some CEF last Thursday in case, so I have a bit of PM investment now
Hard to say if it has turned long term at this point. We have been here before, Jerry!
YES, BUT NO…………..gold was in this position, but, the stock market has not been in this position , at the same time………………….
And, that I believe is true, Out of the Box
Good morning Monday the 13th, October Columbus Day!
Does it make me a bad person if I see the fall of the DJIA from 17,300 to 16,542 in the space of two weeks, with diesel at $3.55/gallon and gasoline at $3.00/gallon, gold and silver recovering above $1,220/ounce and $17.30/ounce, with the same glee as the precious metal bashers who chortled at gold $1,100/ounce and silver $16.60/ounce?
Silver Bear Trap? The market waking up to reality? A lull in the manipulator’s abilities to fool the markets? Germany disagreeing to go with the elites’ plans? Russia finally making waves? Ebola disrupting worldwide plans? The start of a new bull market in things and a bear market in paper?
Will this last to tomorrow, the next week, a la a new paradigm? Paradigm shift? Or just a bump in the road to totalitarianism?