Gold Manipulation
Submitted by OneWorldMafia on Thu, 01/28/2010 - 13:08
in
Govt has a big treasury auction today and tentatively for 2/4 [update: next auction set for 2/1]. There's also a vote today to raise the debt ceiling. The govt wants gold down for both events, and they already brought it down for their options expiration. The farther they take it down, the more suspicious it looks. It went below $1075 so far today.
But if the stock market keeps going down, there will be both margin calls causing gold to go lower and investments shifting into gold. Will people actually shift their money into the "safety" of dollar debt again?
Short term...
the trend is dollar up and gold down. This is just a cyclical movement within a secular trend.
I like how Obama in his State of the Union said they will stop spending.....next year. They added $3 billion on Christmas Eve and now it will be an additional 1.9 trillion. So lets vote that additional 1.9 trillion in and then we'll then "establish a budgetary review panel." What a joke!
I don't think most people have any clue how bad things really are (sans the Paulites).
A holder of physical gold cares not that it falls below $700 on it's way to $2,000 and higher.
Unless of course they're on margin!
My Christian/Political Blog:
We the Serfs! Blog
GOOD...
I hate to say it, because I'm sure there is some criminal activity going on, but "cheaper" gold is a good thing!
Say YES to Dr. NO
they are only hanging themselves
more and more gold will go into hiding until its in permanent backwarden. without gold in the monetary system the monetary system as we know it cant survive. capitol is gone as well as saving the real savings is all the gold in hiding. it is that very gold that the monetary system needs to come out of hiding to extinguish the debt and provide the capitol necessary for international business. wealth cannot come from the printing presses wealth can only come from those who work and produce. let them keep playing the games as their days are truly numbered. they can create paper gold tickets but they cant create the real thing. ask yourself since nixon went off the gold standard in 1971 and gold was no longer money where has all the gold from central banks and mining companies gone?
the answer is under ground its being hoarded to the detriment of a productive society and will only reappear when the treasury opens the gold window to the minting of gold coin free of charge and upholds property right. only when gold circulates as money will the economic problems begin to correct themselve. even though we went of an official gold standard the gold standard has never left. without the gold market in london and ny the bond markets would collaspe.
Perhaps for a little time...
In the long run I think gold will rule supreme..Nothing speaks for the dollar in the long run.
Perhaps they wan´t gold to go low to scare away people...sucker em into dollars.
Busy little bees. It´s pretty clear manipulations are common.
If it goes down I´ll buy more.
Actually I hope silver will do even better.
/Mike
Front Fell Off
http://www.youtube.com/watch?v=WcU4t6zRAKg
They are shaking out the
They are shaking out the nervous investors and buying up the mining stocks too, buying low and selling high, and in the end perhaps gaining controlling interest? The central banks, privy to the scam, know the best times to buy to get back the gold they sold off years ago, while the people wait for the price to hit $600 or $700 or $900, as the talking heads keep saying it will. Maybe it will as they shake and shake, or maybe those lows are all part of the ruse.
see I would kind of
take it the other way, that central banks are historically HORRIBLE market timers and as such tend to have net selling at or near its highest around bottoms and net buying at or around its highest around peaks.
Of course I also don't buy the "the fed is the all supreme and all knowing being who can manipulate the flow of $50 Trillion daily in US markets because they have the power" sort of mantra either. Sorry, I'm against the Fed because they cause ridiculous long-term damage, and because they are for the most part incompetent selfish wanna-be academia prigs.
Derek.
http://www.investophoria.com
P.S. The major trend in gold and silver right now is down...
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Progress is precisely that which the rules and regulations did not foresee. - Ludwig Von Mises.
Historically they had the
Historically they had the worst timing and acted on short-term gain, but they have too much power now to rig markets. After seeing evidence on gata.org of admissions of Fed gold price fixing and after witnessing some gold brokers, who know the commercials' open interest and strike price, make accurate predictions of where gold is headed and when, I DO believe rigging has exploded.
When a piece of economic news is bullish for gold, it's spun as bullish for the dollar if a take down is in progress. They say China's raising interest rates is the reason gold is down - even though it's dollar negative. They say housing inflation is good for the recovery and the dollar and bad for gold. They say the Fed not raising interest rates is good for gold, but later say it's bad if a take down is in progress. It depends on their longs and shorts.
They made a ton of money letting, even encouraging, gold to rise before the big take down in Dec. They make money on the smaller oscillations too with the bull/bear news constantly reversing, sometimes several times a day.
Given market conditions, gold should be much higher. If gold were truly to correct, it would go way up.
see next post
I don't know why it posted twice.