Rick weighs in on the day to day manipulation issue.
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What’s your answer if you ask yourself that same question, Ryan?
I have long suspected that those who want gold down know that it must ultimately rise and are positioned accordingly in the big picture while they trade against that position along the way. They want a controlled rise in my opinion, not an attention-grabbing melt-up that even the sheeple can’t ignore.
What they’ve done so far has added life to the secular uptrend —not diminished it.
There WILL come a time when their media goes into full promotion mode, but gold will be relatively near its top when it does.
I would agree with that… however, just not sure how they could lift gold in stealth mode as so the sheeple cannot detect it…. do you consider gold from 2000-2008 as stealth mode? 2009-2011 is not right?
Yes, I do consider 2000-2008 to be an example of a controlled or stealth rise. Despite a four-fold move, I knew virtually no one (friends, family, etc) who cared about gold at all during that period. The media obviously played a huge role in keeping a lid on it.
The move that ended in 2011 only started to scratch the surface of public interest —or at least public action, but it was starting to get noticed.
“Alter the terms”, like raising the cash required for silver contracts, think they did 3 times when silver was on its way to $50.
Were rules changed at the time of the Hunt brothers?
The fed government doesn’t “call the shots”, so makes sense they don’t care.
Heck, how many years did Ron Paul try to peek the interest of congressmen?
Al that is what jpm stands for Just Pure Manipulation.They do what they are told to do by the us government.They didnt receive the bailout for nothing.They have to pay the favor back.Of course it is all secretive and if things get out of hands you will know it because people will start jumping off bulidings and “” committing suicides”” ergo thrown off buildings and force them to commit suicide.Deutch bank lawyer calogero gambino was the last that had this experience.Was it the libor or the forex scandal that led to his assasination??!!M15,Mossad and cia are very clever in making things look accidental.Look at what the m15 did to princess diana.
I grant you that is a possibility, don corleone.
These bullion bankers have quite a racket running. I’d like to get it on it. Heck, I’d even become a boolean banker to get in on it.
MANIPULATION DOES EXIST……………PERIOD……………..
Fair enough. I would ask you the same question, by whom or by what?
Al, you must be asking that question to get a conversation going.
That really is like asking “who runs things” in communist Russia/China.
Not really, but I sure did.
I was clarifying a comment that I made on the Weekend Show. Hopefully I did that.
Remember, I have never said that gold is involved in a free market!
We are talking about manipulation………..I believe bb, has quoted that GATA, has traced the manipulation on a day to day basis…this was done a few years ago.
London has been shown, if you chart it on a daily basis, that the smash downs have occurred on a regular basis at the same time …..if you go back on your records of this show in the comments, this may shed some light on the thoughts which have been shared………it has been pointed out several time. Many ,,I will say(so,so experts) have agreed to this fact…..many news cast and news letter……..Mile Franklin, Casey, Cellini, Rickard, McAlvany, Jones, Sinclair, I could list at least a half dozen more, if I was doing a research paper…………….and
someone was paying me to do so.
If , we need to start with the history of Central Banking, as far back as 1837, under Jackson, we could start there……….Just doing the history brings us to the conclusion that the FED. CENTRAL BANKING, IMF all control and manipulate for the cartel.
I think there is enough information that exist, that will conclude that the banking system is manipulated………Start with ROMAN EMPIRE, CHINA 1600ad.,
J, I never read anything about China, but I know Julius Ceaser was fighting money changers before Jesus mentioned them in the “temple”.
I was under the impression that banking didn’t get “taken over” until Rothchiad at the battle of waterloo.
I actually thought the war of independence was to throw out the banks more than it was to end the monarchy.
But as we know, the banks return with the fed, we all know Wilsons part but I think it had something to do with the pretty girl they introduced to him.
The Chinese invented the paper currency idea……………and was brought back to Europe by MARCO POLO…, which gave it to the POPE.
Remember, the idea of money exchanging, or holding the gold was a taboo, and was considered a low life idea,,,and that duty was given to the Jews., or so the story goes., and therefore house of RED , was established…..
The house of RED, or ROTH, and then the name Child was added…….and a fake name called the ROTHCHILD was established………or so, my memory has it………
I am not going to look anything up , ,,,anymore, I have done this over the last 8 year and is getting a little boring………..if you know what I mean…………j……
Beside, people do not what to learn…..they just want to keep making the same old mistakes……………………so, be it…………….manipulation is a given, and is historically proven…………….j.
OK Jerry. Lets say you are correct and gold is being manipulated down. Then please explain wheat, corn, soy, oil, sugar and so many other commodities that also fell. How about aluminum, iron ore, copper, platinum etcetera. Are they all manipulated too because if they are then we have one incredibly rich entity out there that has affected the ENTIRE commodity sector at once.
Nobody has enough money to do as you suggest.
Bird, if memory serves the “guesstimate” was Rothchild had 50% of the worlds wealth by mid 1800s. That was due to takeing over the bank of England.
If that is true how much they have today?
Remember, they can print whatever amount they want in a few different currencies.
Is limitless currency enough to effect all comodities?
The flea in the powder is that we live in a globalized economy where commodities and currencies are traded almost around the clock all over the planet. So Asia participates as does Japan, Europe, Australia, Canada, the US and Russia. It beggars the imagination to believe that a conspiracy to suppress the entire commodity sector would go undetected by all the worlds banks, buyers and governments.
This goes unaddressed by the precious metals community at a time they shriek day in and day out that gold is being pummeled into oblivion. Nobody is willing to accept this one important point.
If gold is suppressed then how do you account for corn and all the other commodities that also fell? And keep in mind, these are all moving on a somewhat predictable cycle of rise and fall that has been going on for centuries.
That is why I don’t buy the manipulation theory. Certainly not on such a universal basis. At most, price is moved with the daily trends for profit of big players but the big picture movement defies an explanation that can be accounted for by conspiracy.
Anybody out there think he can explain logically why virtually all resources went into decline recently?
Interesting point, Bird!
I havnt seen the trends over centuries, but I believe you.
You make a good point.
Well, Bird……….Let us take CORN………..GMO STYLE, IS not accepted in many countries and is ban…..So, if you have a lot of unwanted product, the supply and demand kicks in ….and to much supply means PRICES FALL.
bird……Gold is not really the same as the other commodities…and you know it…….You sound like someone who thinks that they should all be lumped together…..
I do not think ALL the commodities were down the entire three years, as you have indicated. Since, I do not follow all these together…….,but, I think oil was up when gold was manipulated down……….
Bird, it is PAPER VS. GOLD……….nothing more……and why, would that be……come one we have been around this question for years………….YOU CAN NOT PRINT GOLD.
bb……..has some fine points Bird……….review them, and add them up and you will be surprised at the answer you come up with………..Start with the History of the house of RED………….fill in the blanks and we will avoid a lot of this nonsense…..
Bird………I do appreciate your comments…..keeps one on their toes, so to speak….
Since writing the above post……..Al, had Bill Murphy on ,in a later section……..BILL MURPHY SAYS AGAIN……………MANIPULATION…..and he should know , his experience of 16 years is much greater than anyone here……..anyone, that wants to be on top of this situation should do their research that GATA has supplied……..JMHO.
Don, I think you have that backward, the banks don’t do what the government wants, the government does what the banks want, remember, the banks give the poititians the money to get elected.
Throw in oil, pharmacey the military industrial complex etc and you can understand just how challenging a polititians job is, balancing the interests of all those that pay to get them where they are.
Didn’t somebody call that arangment fascism?
Of course, politicians don’t bite the hands that feed them.
Well Al, I never said fascism is a bad form of government, heck, fascism and the Nazi party took a bankrupt nation to modernization and the most powerfull nation on earth.
I personally think that it is a terrible form of government.
Freedom is one of the hallmarks of life.
I don’t believe that is the definition of fascism.
Fascism, simplistically speaking, is simply that the government knows what is best for you and not business.
Well, maybe I had it wrong, I thought part of fascism was business paying polititans to be elected to have their interests represented by that polititian.
. Powerful and Continuing Nationalism – Fascist regimes tend to make constant use of patriotic mottos, slogans, symbols, songs, and other paraphernalia. Flags are seen everywhere, as are flag symbols on clothing and in public displays
Supremacy of the Military – Even when there are widespread domestic problems, the military is given a disproportionate amount of government funding, and the domestic agenda is neglected. Soldiers and military service are glamorized
Controlled Mass Media – Sometimes to media is directly controlled by the government, but in other cases, the media is indirectly controlled by government regulation, or sympathetic media spokespeople and executives. Censorship, especially in war time, is very common
Obsession with National Security – Fear is used as a motivational tool by the government over the masses
Corporate Power is Protected – The industrial and business aristocracy of a fascist nation often are the ones who put the government leaders into power, creating a mutually beneficial business/government relationship and power elite
These are a few of the characteristics of fascism.
Day manipulate GOLD down now for the Switzerland referendum !
I suppose that anything is possible, Franky!
They are all masonic.They protect the interests of each other believe me.It is very complicated and as you correctly said there are many involved in different sectors i.e. food (gmo products),drug companies(pesticides -orange agent),military(depleted uranium ammunition) ,banks(libor/forex scandal),wall street(hft),politicians (glass/steagall act) ,fed (bailout) etc etc
And day never stop ! Don !
Keith Neumeyer of First Majestic Silver suggests that silver miners should form a semi-cartel and hold back sales of their production to break paper manipulators. He encourages all miners to hold back silver for 30 days, putting out a news release collectively. The goal is to call the bluff of the paper markets, which trade over the entire year of global production in a day.
Maybe you can interview him!
I will contact him tomorrow.
Thanks, Tex
THAT IS A GREAT suggestion……………”call the bluff”………….
Al, thank you for taking my comments seriously. I think I have generated enough interest. I don’t have dispute for the interview with rick. We are talking about same thing. If just bullion banks manipulate for profit, we should see gold oscillates between extremes. Thanks again
I really don’t think that we know the real truth here regarding the govt involvement. It seems to be pretty much conjecture.
I will talk with Bill Murphy again.
Thanks for stirring the interest, Lawrence. Remember we all learn from each other!
Cory says the government doesn’t care about gold right now because gold isnt getting out of hand. Hello? Why do you think gold inst getting out of hand?
James the economy is terrible but all this money is flowing into the stock market, it can’t be the moms and pops of this world like the 1930’s. The bankers are truly desperate to not let the shoring up of the stock market get away from them again. Eventually when The Chinese have enough physical gold they will call their bluff.
I agree with your last sentence. That is when it will get really interesting.
Stock market is propped up by buy backs and central banks and real estate especially in chic and commercial areas is propped up by chinese.It is all smoke and mirrors.American citizens are not in better shape then they were 5-7 yrs ago and personal consumption historically represents 70% of U.S. GDP.Remember ppl that banks have a huge housing inventory (repo houses) on their books many of which were dealt in ninja terms(no income no job no assets).Deflation is their worst enemy.It has always been for that matter but now it is even worse.
Probably investor sentiment, James.
I mean common, do we really know the truth?
I tend to think Gold wants to go out of hand every time they let it go…. IMHO…:D until when they let it go and it’s going up like a bubble from the bottom of the ocean instead of Lava from volcano…. maybe it can run.
I thought that was interesting too James.
Like I said before, it’s all about interest rate suppression. The shadow (REAL) government cares very much about gold.
http://www.nowandfutures.com/download/Gibson%27sParadoxAndTheGoldStandard_gibson.pdf
Hi Matthew.. that’s interesting…. does it mean… to artificially suppress interest rate successfully + maintaining confidence, gold must be suppressed?
Yes, and the duration of the interest rate suppression scheme is lengthened substantially by keeping gold in check.
If you mean the implications of well-being or the lack thereof, I agree with you Matthew.
Thanks… just out of curiosity… what do you think about Ryan’s question at the very top?.. I ask myself too but it seems inflation is less important than confidence/jobs
I don’t believe for a minute that interest rates are artificially suppressed for any reason other than the govt simply cannot afford to pay a higher interest rate and lower rates stimulate consumer spending.
True Big Al.
good point. You can extend your theory one step further – they will never raise interest rate willingly. debt is not going down.
I disagree, Al, but what difference does it make? Are you suggesting that a dishonest convert default that plunders unsuspecting savers (and more) is preferable to an honest default done out in the open and paid for by the involved parties?
Lower rates stimulate consumer spending?
Interest rates are following a long relatively predictable cycle. It is doubtful anyone has control as so many assert as the cycle was more or less the same even before the Fed came into existence. They rise and fall across a period of decades. What is the purpose of artificially forcing rates higher by an “honest default”? And what does “honest default” even mean? You think crash and burn is better than slow burn? I think this is a tail chasing exercise because rates are already following a predictable path and it would not make a difference who was at the helm of Monetary policy at the time of the rises or the falls.
No Matthew, low rate allows government to delay payment and borrow easily. Consumer is a beneficiary in short term and debt slave in a long term.
The most misunderstood is the purpose of QE. Its purpose is to save the banks and government. Just look where they released the money to. Everyone says that QE failed. I say QE is a big success since it sustains banks and government for 6 years. Without QE both will fail. If they top up everyone’s credit card, I will change my opinion.
Lawrence, I put that question to Al because of his comment above. It’s another destructive Keynesian belief.
Bird, do you think interest rates are not influenced when the Fed conjures trillion$ out of thin air to buy bonds? Do you think they are creating value or transferring value from its rightful owners with such interventions?
The market-clearing price for those “assets” is much lower than what the Fed is paying.
Listen to Mr. Grant. Al should too.
http://www.grantspub.com/resources/video.cfm
Yes, QE is all about wealth transfer, yet Al and most of the population somehow thinks these guys mean well and that BO gives a rat’s you-know-what about anyone. Amazing stuff.
Let me be perfectly clear on this Matthew.
We are in a very bad situation and I am simply saying that the govt is trying to keep this thing going. Will it ultimately be successful? Nope, in my opinion.
“Bird, do you think interest rates are not influenced when the Fed conjures trillion$ out of thin air to buy bonds?” — Matthew
———————————-
Good question. I don’t know that we can answer that question conclusively. There is an assumption that QE has held rates low but if that is the whole answer then please explain all the other instances during the past two centuries when interest and bond rates fell to single digits.
Look at the chart I have linked. It shows US rates going back to 1790.
I strongly encourage everyone here to study this chart by the way. It is incredibly revealing and suggests that on this next cycle we will actually see rates fall to zero or slightly below.
Now, can you explain why rates fell to 2% in 1945? Before leaping to the conclusion that was also the fault of Federal Reserve policy and interventions I suggest you also try to answer why rates fell to lows of 4% in 1900.
They also dropped to roughly 5% in both 1824 and 1860 after coming off highs that went all the way up to11.5% and 12% respectively during their peaks. I need not point out that the Fed did not even exist prior to 1913 and that all the rises and falls before that institution was created happened without the benefit of trillions or billions of interventions.
What is most fascinating is the consistency of the peaks and valleys across time. This is what the cycles analysts love best. Take careful note of the fact that we have lower lows and lower highs between 1842 and 1945.
Does that tell us anything valuable about rate cycles and where we are headed next? Secondly, the natural long term rate cycle throws considerable doubt on the idea that Central Banks really played any role whatsoever in the business cycle which has persisted despite their attempts to modify outcomes.
Have a look. Maybe you can answer your own question.
222 Years Of Long-Term Interest Rates — The Big Picture — Barry Ritholtz
http://www.ritholtz.com/blog/2012/01/222-years-of-long-term-interest-rates/
Of course we can answer that question conclusively. $4 trillion in new demand means higher prices. Higher prices means lower interest rates. The Fed has been stepping in to buy when the market has refused because the market knows that prices should be much lower/interest rates much higher. Market participants are crowded out of each auction because of the Fed’s limitless checkbook. This promotes speculation in other markets or speculation on the Fed’s actions in the same market.
Connected players enjoy risk-free returns because they KNOW the Fed’s next move while everyone else has to guess.
The Fed might not be able to materially change the length of the interest rate cycle, but it can certainly influence the height of the peak and the depth of the trough.
I don’t think much of Barry Ritholtz but I will check out the link.
“Of course we can answer that question conclusively. $4 trillion in new demand means higher prices.” — Matthew
—–
Then why is gold not rising? Why is oil falling? Why did corn crash off its highs of a few years back? And please do not say manipulation. See the chart on rates for insight. What you just wrote is a rehash of the popular narrative but it is less than satisfying,
What I am saying is that a careful reading of certain charts and cycle theory challenges all the popular notions about what is moving the markets and it can be proven easily enough by reviewing historical data.
There is little new under the sun. One thing is clear to me though; there is more at work here than just the efforts of the worlds Central Banks and I know that because the past (prior to the Fed) is so similar to the present. It is my belief that the business cycle itself is the key ingredient and that is being dictated by sentiment and the collective behaviors of all the market participants.
I don’t buy the thesis that the Fed is as potent as so many assert.
CORN………crashed because some countries did not want MONSANTO GMO CORN…, or so my memory serves me………………I thunk………….j…….
BOND prices, Birdman. QE was not used to buy gold, oil, corn, etc.
http://www.bloomberg.com/news/2012-12-03/treasury-scarcity-to-grow-as-fed-buys-90-of-new-bonds.html
HELLO?!
Jerry, you are soon going to see that bonds will keep rising even when the Fed is NOT buying them. Rates will predictably continue to decline. Furthermore, the stock market is in no mood to crash and burn by a long shot so we should anticipate much further increases as the year progresses. How will you explain that bond prices are going up along with stocks once the Fed has taken its exit?
Bird………I have no argument concerning BONDS……….My, only statement concerning bonds………I DO NOT WANT TO HOLD ANY BONDS…..not enough return…..
I want to be a bleeding heart liberal that brokers 10 billion dollar food-for-the-poor giveaways from the fedgov to the poverty-stricken for a mere one percent. That’s right . . . all I want is 100 million.
What the heck Wayne, money does grow on trees!
Fact. You cannot manipulate against the long term trend.
Sure, intraday manipulations lasting a few minutes occur, like in every other market. But not for days,weeks,months, years on end lol.
Oh really? Where do you suppose the Dow or any other asset class would be if the Fed did not exist?
The Fed exist in order to manipulate. Cognitive dissonance is scarier than it is funny.
(lol)
The Dow rose 150% between 1904 and 1906. The Fed did not exist at that time.
The Dow crashed by half between 1906 and 1908. The Fed did not exist then either.
The Dow rose more than 100% into 1910. Still no Federal reserve. Not even an idea yet.
You still think the markets only made dramatic moves or bubbled and popped since the inception of Central Banks? This has been going on throughout history. Where was the Fed during Tulip Mania? How about during the South Seas Bubble?
You are suffering serious confirmation bias if you really think all stocks and assets are managed by a single agency. If the Fed ended tomorrow stock markets and housing would STILL see bubbles and crashes. That is the history of the marketplace.
It is just human psychology and herd behavior.
Good points Bird, these were part of the argument for the creation of the federal reserve.
What you and bird are missing is that the Fed’s manipulation of interest rates is, in effect, the manipulation of all markets. The very existence of a central bank equals market manipulation of some degree.
If you buy the reasons given for the need of a central bank, you’ve been had.
That’s the big deal with libor I would imagine.
Are you agreeing now with Bill Still about banks increasing and decreasing currency supply Mathew?
No, bb, it’s the big deal always. Central banks are always fiddling with interest rates. That’s why investors hold their breath during every little Fed get-together. The masses are so brainwashed that they can’t imagine that the Fed is far worse than unnecessary.
I have never disagreed with Bill on that, but the money supply only goes higher in the long run.
I still wonder how it is possible to believe that government controlled money and interest rates is somehow better and less criminal. You really should read G. Edward Griffin’s book.
Mathew, about money supply, better or less criminal.
We might differ on a thing or two, but remember I don’t think fiat or a gold standard will work. I think in either case an honust government is required.
To me, a choice between fiat and gold is the same as the frying pan or the fire.
If, it were possible to have one work, I would choose fiat as I feel that gold is just another way to control the currency, on the other hand, if we had an honust government, pretty much anything convinient would work I imagine.
I did not say that stocks are managed by the Fed. When I asked where the Dow would be, I was referring to its nominal ($) value! They do control the value their currency. Your examples are irrelevant. The owners of the Fed had already had their way with the U.S. decades earlier.
And the tulip mania?…
“It is highly probable that in Kindleberger’s view the supply of money in
1630s Holland, did not undergo the sudden increase needed to create a spec-
ulative bubble. But this paper will present evidence to the contrary; the sup-
ply of money did increase dramatically in 1630s Holland, serving to engender
the tulipmania episode. ”
https://mises.org/journals/qjae/pdf/qjae9_1_1.pdf
You did not address anything in my post about rate cycles. Look at the long term chart Matthew. It defies everything that you and many others keep asserting because it proves that there is a rhythm to rates that preceded the Fed.
In other words, it does not matter what the Fed is doing. The cycle persists despite them. You cannot ignore the clear evidence of what I am saying and conjuring up quotes from others does not change facts.
“The real menace of our republic is the invisible government which, like a giant octopus, sprawls its slimy length over our city, state and nation. At the head is a small groups of banking houses generally referred to as ‘international bankers.’ This little coterie of powerful international bankers virtually run our government for their own selfish ends.” (New York City Mayor John F. Hylan, March 26, 1922.)
“Diet, injections, and injunctions will combine, from a very early age, to produce the sort of character and the sort of beliefs that the authorities consider desirable, and any serious criticism of the powers that be will become psychologically impossible. . . .” Bertrand Russell,1953
As I said before, cognitive dissonance is scarier than it is funny.
I agree with Russell Hylan and others, Eisenhower for example, I figure jfk was a coup.
Thing is most people wont recognise it even if they actually cared to know.
Just human nature I guess.
See my earlier comment.
Indeed, silver had anything but a stealth rise between 2000-11. It went up near 100% between feb 2011 and april 20111. That rise was parabolic and a classic sign of a cyclical top.
I was still picking junk silver out of circulation until 2008. By 2011, the masses were barely starting to notice and very few actually got involved.
Karl is 100% correct though. Silver did go parabolic. What difference does it make if you picked silver coins out of your change? The public misses most big rally’s until the late stages. Look at housing. All the big buying was done by those least able to afford the costs and it happened in the last year prior to the crash. By that time the professionals had already sold at the top. Even you claim to have unloaded your gold at the peak.
My point is that the public really didn’t participate as they did with housing or the Nasdaq.
Parabolas can happen on any scale and both silver and gold have retraced their entire parabolic moves. Despite reaching $1923, gold was actually much more overbought in 2006 and in 2008, respectively.
When silver spiked I was selling it for gold. Selling gold for dollars was a much easier call because gold had its run months after silver and technical divergences within the sector were present.
Without the arbitrary repeated raising of margin requirements, who’s to say that the rest of the metals’ necessary repricing wouldn’t have taken place sooner rather than years later?
Well, I would agree that gold buying has been tweaked by changes to margin requirements. But keep in mind this has gone both ways up and down so I am not sure it is material to golds success.
Why does gold need wide public participation? Why does silver? In the case of silver that metal still managed a parabolic move when only a modest segment of the population was involved. From that respect this is not at all like the 1970’s. Metals have really been drive off the public stage and they do not get the support that they did in past decades amongst the broker community or in most funds. Gold is treated a bit like voodoo from a past day and age. What is interesting is that those who might have supported it most strongly are mostly gone now. I am talking about our grandparents and their parents.
Maybe I’ll look into it myself, but I don’t think there was ever a similar string of margin increases while the metals were plunging. It wouldn’t surprise me if they lower requirements as prices fall.
A lasting top requires wide public participation (in any sector).
Gold is up 3200% since 1971. Where’s the manipulation.
If the fed and fractional reserve banking did not exist, of course stocks would be lower in an inherently deflationary enviroment. Stocks have simply maintained the purchasing power of money. As to stock values, they are based on such metrics as PE ratio etc. When they get out of whack, as in 1999, you have a long term bear market until valuations normalise.
Fed’s manipulation cannot affect the price for a long term. It is why I still buy gold knowing FED manipulates. Manipulation fails when it comes to something which is limited by physical supply. Gold going up does not nullify manipulation. There is no logical relationship. The relationship only in short term. That is why insiders will benefit far more than regular folks since they know when the FED will have to retreat and re-establish the defence and when they smash the price.
Good point Lawrence.
Totally disagree. This all starts sounding crazy after awhile. Gold is not manipulated anywhere near the extent some here assert. Let me repeat….not one of you has attempted to answer why virtually all commodities fell simultaneously back in 2011 nor has anyone bothered to address what is well known in resource markets and that is that there is a well known boom/bust cycle.
If you have listened to Charles Savoie over the years you would think that the slime that met on Jekyll Island in 1913 to form the FED existed all through the history of the US from the 1700s. Andrew Jackson called them snakes or two headed snakes or something like that. He and Lincoln were shot because of their stance against the slime.
Also, he points out that they communicate through board meetings as these guys are in all the important boardrooms and international committees.
Forgot the link;
How about JFK?
Sure, but I was trying to make the point that the slime has always been around. Even well before 1913. Savoie said the Pilgrim Society was formed in 1903; the precursor to the Fed. Meaning all the stuff around 1907 or 1873 described above was influenced by this slime. The FED is just a different incarnation of this slime.
I wouldn’t call the Pilgrims a precursor to the Fed. The Fed is more a Pilgrims-owned tool.
Thanks Matthew, I think that is a better perspective.
So now it is pink slime and Pilgrims that really run the world? Good grief! Where does it end with you guys? You can’t come up with a rational response to a chart that makes sense so instead you start leaning on even wilder conspiracy ideas from ancient history. It is starting to sound like an asylum in here today.
Haha. Just talking about CS gets me going. I’ll give my head a shake.
Do you think that the assassination of JFK might possibly fall into that category?
I am sure there are better people to ask about history but IMHO, yes. Great discussion Al, thanks.
IMPORTANT BULLETIN: On the daily chart, today’s stock market rally has just taken out TWO key external peaks — at 1968.50 (10/9) and 1971.00 (10/6). This is VERY bullish and would become even moreso if the rally continues without pause above the 1978.25 ‘external’ peak from 9/30. Bears had better dive for cover!
Thanks Rick!
Thanks Rick, I guess my closing of shorts more than a week ago wasn’t so bad after all.
December Gold: I see the futures falling to at least 1216.40 before they can attempt to get traaction.
That’s interesting. Mark Mead Baillie at deMeadville said the following on the 25th: “Of note: the 6-hr. version of this same study turned negative during the past week, suggesting a short-term Market Rhythm target of 1216.1; just something of which to be aware within this broader, positive daily version…”
This agreement adds weight to the number in my book since the two of you use different methods.
Thanks.
Interesting, Matthew, thanks. It wouldn’t surprise me if there are some Elliott Wave guys out there who see the same thing.
Question: if deflation starts to set in, might the same entities many claim want gold and silver down, start to want gold and silver up, along with other commodities?