The price of gold government fix was transparent when an ounce of gold was fixed at $20.67 and $35 after the 1933 ‘confiscation’.
When it pays to inflate money supply then the money supply will be inflated.
BTW M. is for Murphy

Bill neglected to mention JPM has acquired 6600 tonnes of physical silver not so long ago. Not sure why he emphasized their short position without also discussing their longs.

Bill Murphy ! In a cool way ! https://www.youtube.com/watch?v=sr0gNJ090JA WE ALL LOVE YOU BILL !!!!!!!!!!!

“Folklore”

That is the term Bob Pisani from CNBC used today to describe the price action in the stock markets the day or two leading up to the FOMC meetings.

He was referring to the fact that the last fifteen years or so the stock markets always ramp up before an FOMC meeting, and today was no exception.

Now “folklore” might be the word Bob Pisani, that bastion of honesty, might use to describe the markets, but another word comes to my mind.

MANIPULATION.

There I said it.

Lets think about tomorrow’s FOMC meeting.

If I had to assign a probability that the FED ends QE tomorrow I would put it above 95%.

So why the extreme bullishness today?

The markets have made it clear, like the alien plant from little shop of horrors, it must be fed.
FEED ME!

The markets can only levitate on ever increasing liquidity.
Based on every example to date when then FED ended QE the markets tanked.

Why should now be any different?

What do the markets know?

Are they thinking Janet Yellen might pull an end run and hold off on finishing the taper tomorrow?
I doubt it. Like I said the FED will never put fighting back in hockey.

If Janet Yellen does not go through with tomorrow’s taper then she is just a complete sell out puppet on the masters of the universes strings.

No confidence in anything would be left.

If gold does not jump up $100-$200 on that news there is obviously something wicked going on.

No, the market knows she will finish the taper and watch the dats points she keeps talking about.

As Bullard mentioned, they can start another round of QE in the future if need be.

Again if they did that it would be tantamount of declaring all you know what is hitting the fan.

No, the only reasonable explanation in today’s stock market is pure manipulation by the FED to life up the stock market before QE ends tomorrow.

Folklore never seems so real

The chance of opening lower 77 times in a row is < 6.6xE-24, i.e. 0.0000000000000000000000066!!!!!!!!!!!!!!!!!. It meanit happen once in 727671451355661 billion years.

“Barometer of financial market health”

I would disagree. Stocks and gold went up together from 2002 to 2007. Then they both went down together. They both went up together from 09 to 2011.

Your wrong Gary, once again.

When gold went up from 2002 to 2007 it wasn’t breaking out. It was practically under the radar.

When gold went up from 2009 to 2011 it was front page news, and a complete barometer of what was happening in the economy.

Know the facts before you shoot from the hip. You might hurt yourself

Al, GOLD is The Statement of Truth… If GOLD goes up, it means the Economy is bad. Thats the latest think the Politics want…

YES !!!!! It won’t be long now…………………soon they will be all out of silver, and they know it and then what will they offer China…………..SOME PUSSY !!!!!!!!

The stock charts are screaming rally. The fed stopped the liquidity infusions. Which way will it go? The truth is that the new financial structure should roll out this week or next. It will increase liquidity, restructure assets, and kick-off a whole new cycle. When it occurs, stocks will rally and metals take a big dive.

Metals take a big dive, but rebound quick

ALL MINERS UP IN AUSTRALIA ! SEE HOW ?

Thanks for bringing bill on

On a lighter note I bought a cat, and I decided to name it mandu, so when I introduce it I can say this is my cat mandu. Oh Well, what did you expect!

I have always liked Bill Murphy, he reminds me of a psychic because he delves into stuff that you know has a certain amount of realism but there is always the unknown attached to his predictions and it is this unknown which makes you think if this guy is right how do we prepare for the long term future.

James….you saying gold will have a big jump following the FOMC if Yellen announces that QE will end and they will continue to monitor the data points?

WHEN YOU STEP THE SAME DON’T YOU THINK THEY CONTROL YOU THE SAME IDIOTS ! https://www.youtube.com/watch?v=dkY0vxOK6ZI

James….you saying gold will have a big jump following the FOMC if Yellen announces that QE will end and they will continue to monitor the data points?

Manipulation, you say? Well, I’m shocked, shocked I tells ya…my gawd boys what’s the world coming true when you can’t trust the banksters/fedsters???

And I just heard Jose Canseco blew his middle finger off in Las Vegas the other day. Yes, what’s the world coming to? What happens in Vegas stays in Vegas except Jose’s middle finger. He’ll only be able to flip people off with one hand now.

Weren’t Big Al and Cory in Vegas the other day…now I’m sure they had nothing to do with the unfortunate incident….

Didn’t Bill play pro ball for the New England Patriots?

What is the motive? ….Profit
What is at stake? ….The full faith and credit of those that lie like hell and spend like crazy; more succinctly, Johnson’s Great Society, more accurately, totalitarianism and the police state.

At the risk of redundant postings: “A government big enough to give you everything you want is big enough to take away everything you have.” President Ford Thus the sequence of bait and switch–promise everything to everyone, lead them to the ‘promised land’ where they divested of all things…because, well, they don’t need them anymore. How do we know–because they tell us so.

GLD is sucked

http://mobile.bloomberg.com/news/2014-10-29/gold-trades-above-two-week-low-before-fed-meeting-as-spdr-sinks.html

I think we need to be cognizant of that big move up in GDXJ yesterday. It was up over 4% in advance of the Fed meeting and may be signaling the bottom is indeed here.

Siver looks like it has bottomed. It resists smash better than gold. This rarely happens.

THANK YOU MR MURPHY……………………………J……THE LONG……………….

Biggus no I am not saying that at all
What I said was if the fed stopped the taper, and contined QE then gold should pop $100 to $200 today in a fair and free market.

However I mentioned the probability of the fed continuing the taper and ending QE today is over 95%

So I expect QE to end today and gold in all likelihood to go down today

I should add I am not in the camp that gold has to go down hard with the end of QE

Keep in mind in a month or two they might have to start QE again.

At that point they put fighting back in hockey and it’s anything goes

If gold doesn’t go up big time if that happens then you know it is only because of manipulation.

Go to the window, plunk down your $2 and back the right horse…

Either the economy really does suck and QE will resurface or the markets are doing ok and stocks can stand on their own leg without QE

Pay your money, take your choice