Central Planners Know What’s Best
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This is like the ending of WW2 all over again. A good chunk of the world decimated while the US stands tall and proud. Now if we bring back manufacturing the country will be on good footing.
There are so many brilliant minds in here that it kills me to see that some just don’t get the dollar/gold relationship. Dave, this has nothing to do with you i thought id just post below you.
Here we are with a dollar run like never seen before on a 2+ year incline. Do you know what the inverse trade was? Gold
Now 3+ years later gold has not looked good at all and i acknowledge that. We must not look so far outside the hat. Keep it simple guys. Gold has been in a bull market ever since dollar index began to fall. That plain and pure fact. Not everything heads in one direction as it would be way to easy. The index fell to record lows in 2008/2009. I remain keen and convinced that this dollar rally will reverse and continue it’s trend back down. They can’t keep the dollar this high for much longer. I know that and you all know that. Its a matter of time before the reversal kicks in or the u.s will go into the shits. Its already there just masked. Look for index to turn and gold to head higher off the lows.
This is simple logic. Follow the dollar and forget the rest.
To add further to that look at gold today and dollar today.
Glenfidish, your reasoning is spot on. But I think the Fed can stretch this out for a long time. That’s all. Gold and silver will shine again… when is the question.
Glen, the best way to measure the dollar is to simply look at how much gold it buys. The USDX is ultimately useless and meant to hide reality (the reality is that all currencies are losing purchasing power even though they appear to be going up and down against one other in a trendless fashion). Proof that the USDX is meaningless can be found in the fact that gold was just $350 the last time the dollar traded at the current level. Likewise, gold was $350 the first time the dollar went below 79 back in 1992.
I think the dollar can correct sharply fairly soon, but it may well be well over 100 when gold hits its next major high.
Here you Matt 🙂
I use this from time to time. Funny how 114 was the top when gold was already on it’s move from November/December
I meant here you go Matt..
And the 114 was in relation to 2008/2009 when gold took off
Glenfidish, I have nothing against what you wrote expect for one thing “they can’t keep the dollar this high for much longer.” No one knows what the Fed is up to. For all I know maybe they do what a strong dollar for whatever reason. And maybe they will surprise us with a small interest rate hike, who knows. We are so far into bizarro land that anything is possible.
7 years ago who thought Dow, S&P and Nasdaq would be at these levels? A very, very small minority. The markets are manipulated that good sound reasoning doesn’t work anymore. You have to look at this with a con man’s mind. The mark is being fleeced and he hasn’t noticed yet; why should the con man stop fleecing him?
Correct chris but in order to continue the fleecing/con work at some point you must let the other side get back in to fill the pot. If you take take take, that trade runs dry. Ive been around maybe not as long as you but at some point the other side needs to make money and forces have to release the hounds.
food for thought. Nice chatting!
Well chris you make a valid point but when looking at a long term chart, dollar is up against the infantry and a battle field at 97. Odds are now favoring a move down soon. IMO there is no way they increase rates higher with dollar at these levels. They would kill the system in a heart beat and 2007/2008 would look like small change.
There debt is astronomical which will never be repaid. The only way out is to create more money. More and more. They have sold the sheep on recovery and all is gloom. Be very careful as mark has said, we are close to a top in equities that will have to fall down.
Glen, I do agree that the dollar can’t stay strong forever, and while we may correct down a bit more in the dollar, I still expect it to take out 98-100 before it tops and then starts a longer cycle correction patter, and gold starts a longer cycle bull market. Again, I am thinking Mar-May will be be the final push down in commodities and up in the dollar, then — Pause —- Reverse all the trends.
Shad, i have no problem with 1 dollar, 120, or even higher 🙂
What im personally looking for is buy the dip into this gold/miners selloff.
By the way how are you playing it currently? I’ve stated since yesterday and as of now that im in 2/4th position in miners. That would be my trading portfolio. 1190 will not hold.
Hey Glen, that is funny, because I just asked Matthew about $1190.70 on the Rick A. thread. It sound like your position is that 1190.70 won’t hold…is that correct?
Here is what I had posted there that I’ll pose to you and anyone else that wants to weigh in on the subject of the short term bottom:
What are your thoughts about the bottoming in gold yesterday and today?
Is the 1190.70 it a kind of double-bottom from yesterday, or do you think we may still head down to test 1187 or 1181.40?
Personally I am in a cash position and have been for the last 2 weeks waiting to go long Jr miners. GDXJ has held up far better than I expected it would, but I keep waiting for the other shoe to drop. If Gold spiked down, it may tip the scales on the miners, but if gold has bottomed, then now is a good time to buy the miners. I am trying to figure out if we have put in the short term bottom.
correct
“We are so far into bizarro land that anything is possible.” — That sums it up Chris. : – )
Who was saying that the markets aren’t manipulated?
http://www.reuters.com/article/2015/02/24/us-usa-banks-probe-idUSKBN0LS07P20150224
HSBC; Highly Suspicious Banking for Criminals.
HONG KONG AND SHAGHI …………..china is in control…..
HSBC started in China but it is now a British bank. It is headquartered in London and its executives are british citizens.
HSBC always the front runner to damage China.
Yes, British citizens, with Chinese pass ports…………..ever since 1999 when the BRITISH LEASE RAN OUT……….just a cover……………I BET………OOTB
Note Opium Wars connection.
ditto on the O………
is that anything like ….SMOKE….and mirrors………..
J, I don’t think any of them has Chinese passport. They are mostly white guys. This bank was taken over by Bristish when it was in HK. It is HSBC in name only.
Wow. This investigation was just mentioned on BNN. I wonder if they will apologize to GATA for kicking them off for making unfounded allegations.
Blood not boiling yet? JPM up 2.5% today. Have a nice effing day.
Dan, that is the point, its criminal, so, if you want to make money figure out which companies they going to increase the value of.
I notice hsbc is the only one mentioned here (unless I missed them) but there is actually a whole bunch of them being investigated.
Nobody we didn’t know years ago that were involved of course.
Just a mention, Bank of Nova Scotia is involved, guess a person could bank elsewhere.
Not sure what else a person could do.
I stay away from gold investing in general lately but this affects the silver market greatly too. I don’t use any of those banks, I was just blowing off steam. (;-) Prolly a low coming soon then…
I think, Gary, it is a mistake to think anything definitive about the Euro.
If it wasn’t so serious I would joke about Greece. Did anyone look at their list of government actions and not double over in laughter?
The Tsipras government must make a swift decision. They should let the Greek people decide if the current deal is acceptable or not. And so they need a referendum to be arranged as swiftly as possible on the questions of remaining in the EZ or defaulting and leaving the family. And they must do it before anymore payments are made on past debt and before their scant resources are extinguished. Meanwhile, capital controls are now absolutely essential if not unavoidable and should be instituted overnight.
No more ROBBING and MANIPULATION for these BANKER CROOKS ! GOD STILL IN CONTROL AND IS THE GAME ! http://www.shtfplan.com/headline-news/six-people-died-in-a-fiery-ny-train-crash-packed-with-400-people-3-were-top-investment-bankers_02132015
Gary, thanks for commentary.
Do not go long equities here. Get out if your a trader. I repeat, don’t get greedy and wait for it to correct itself. Its reaching topping pattern.
If all we do it to front run the authority, JPM and GS will front run us and make all the money.
I am investing in PARK BENCHES……………
GOOD ONE ! J,,,,THE LONG,,,,,,,OOTB ! GOD WILL PLAY THE CROOKS ! INJOY !
thanks………………
Forget the park benches you should buy pet rocks so you can heave them at your collection of beanie babies. HUH!
London closes and here comes the slam down for gold!
YOU could call that EVERY DAY……….same ole , same ole………that has been happening for the last two years………..or more………lol.
WALLSTREET has to trade………………..merry go round, for a circle of jerks…..
Chinese market will re-open tonight.
what time are time lawrence?
What do you mean, Glen? I think the regular market open at 8:30 PM NewYork time. PM should be similar.
k thx
Translation of German language article using Google Translate about negative LIBOR and the effect on interest rate swaps.
Good interview guys. Gary laid out the current environment well.
marky…………..listen to gary…………………………lol
gary is spot on………………
NOTHING, will happen from this investigation……….THE WHOLE THING IS RIGGED………….they will DISH OUT a few FINES and that will be it………….like I said before, these GUYS are doing anything they can so that they can continue playing GOLF on the weekends and as long as SALLY DOSEN’T GET RAPED !!!!!
ditto on the WHOLE THINK IS RIGGED………..
THING…..forgot to think……….
All one has to know is, any organization that does NOT support an audit of
their books has something to hide. That tells you all you need to know.
Don’t waste your time hyper-analyzing the situation. Spinning your wheels will do youor your loved ones NO good.
Unless there is a break in ranks, it will be the same ole same ole. There is nothing anyone can do about it; and they know it.
I strongly oppose ‘Audit the Fed,’ Yellen says
I agree…..same ole same ole…………
I feel the investigation is symbolic. They will get pass since they carried out the order from the top. The reason for investigation to come out is interesting. I think there starts to be frictions among countries or among elites themselves.
Or the top feels that banks are taking advantage of the situation and want slap their hands.
THAT’S what it’s all about.
Rigging all the way from the top..down.
Shocking inside info on Obummer…at the 50 minute mark on video.
All the evidence too. I don’t see any BIRD droppings today. Gold may take off.
No, everything is rigged.
His alias name was Barry Soetoro In Hawaii.
Major drug user etc.
HH………we were all over this story……several years ago……….Birth certificate, social security number………father being a Muslim , which means he is a M…, etc.
No one has any interest in the story, except a few………..thanks for posting j
Yes, J….I knew that you were proactive with this criminal axing our
constitutional rights etc.
However, the video points towards this man is not to be trusted.
Hope you are doing well..J….thanks and maybe DT is right
regarding park benches. He’s got something there. : )
I agree , that o can not be trusted……………..keep posting enjoyed …..thanks…..j
Your not for…O……J…..lol
Btw….thoroughly enjoy all your commentary…J….. I never add anything
because you have already Knocked Down all the bowling pins.
You do a Clean Sweep in one post. Keep pushin on…J…. : )
THINK about this one……….What if O …OD’S ….and found on PARK BENCH….
Ya …J…..thats really a good one. funny !
Thanks for the laugh. : )
Now that would be a CLEAN SWEEP of the OVAL OFFICE…….
oh, THANKS for all the great comments today……really enjoyed…..truly…..thank….ootb
J…..you better think of something…he’s gotta be GONE !!!! lol
Same here. ..J…enjoyed the communications and enjoy the day.
You ….DA MAN !!!!! Off to lunch and thanks for the laughs too. : )
Out of here but will post all the news later regarding war.
TONS OF IT RIGHT NOW. New nuclear missile with O’s name on it.
Will post all the articles here later. Its getting crazy !!!! Really is.
After about 4pm PST will post many fresh news. Its off the chain now.
RUSSIA HAS O’s …..name one of their missiles.
http://www.infowars.com/message-on-russian-missile-threatens-to-blow-up-obama/
You gotta see this one! !!!
More news regarding US provoking nuclear war.
http://www.infowars.com/washington-has-resurrected-the-threat-of-nuclear-war/
Britain is war mongering too.
http://www.infowars.com/britain-to-send-military-advisers-to-ukraine-announces-cameron/
Black middle schooler slams our leader
http://www.amtvmedia.com/viral-black-middle-schooler-slams-barack-obama-in-youtube-rant/
Just my opinion but Eric Holder is not going to do anything. Now he’ll be able to say we looked at it and there was nothing there. As he then takes the thick manila envelopes from them.
As fro me, I like to keep it simple, I just buy gold and silver. I never take a loss with it because I never sell it. It may bounce around but it will always end up higher otherwise he would just won’t make sense.
I can’t tell you how I figured it out but I’m going to tell you what I think the next fed move will be….. they will raise rates a bit ….. and announce more QE at the same time.
Where is Miss Whippin Boy….should be walkin in any minute now.
Say sumpthin …BOY !!!!!!!
Jerry, Park Benches might not be such a bad investment at least you’d have a place to sleep when your money’s all gone and your wife leaves you. LOL!
GOOD that you have seen the light……….we have several models available, some with cushion …….., and head rest……lights optional, and wheel will be a upgrade.
Mail orders to:
LAST PLACE ON EARTH
666 Otto Have One.
BENCH WORTH, KENTUCKY.
PS. We will even throw in a piece of coal, for cold nights.
Ever see a short squeeze and very well possible coming in the mining sector.
Example back in 08 09.
I like the title, central planners know what’s best. That will make USSR and China the richest countries on earth. LOL.
Don’t leave out Cuba.
Richest would be North Korea
Al, you have a great sense of humor. Good stuff.
Gary, what would be a target you suspect the dollar could drop into during your intermediate 6-8 week cycle low?
GRAB YOUR POPCORN….sit back and relax. …….Enjoy The Show.
http://www.amtvmedia.com/ukraine-war-putin-warns-of-unlikely-apocalypse/
LIVE BROADCAST 5 pm PST to 6 pm PST
Welcomes and invites you to learn the truth.
According to this article based on Chinese gold exchange data, Chinese gold demand should be >2099 tons instead of 814 tons estimated by world gold council.
Wow Lawrence, with that article, I guess we say bye bye London fix and hello Shanghia exchange. Times are a changing.
Dollar To Da Moon!
The fed definately has your back. This will continue until it is in their interest
to have a weakening dollar. Aint gonna happen.