Metals Resume their Decline as Dollar Index eyes 77

"Committed To The Eradication Of Poverty Among Patriots"

including the manipulation of the dollar and metals:

http://www.webofdebt.com/...

Can someone please give a basic understanding on how to read a chart? Any info would be greatly appreciated.

"The Matrix is a system, Neo. That system is our enemy...You have to understand most of these people are not ready to be unplugged. And many of them are so inured so hopelessly dependent on the system that they will fight to protect it". - Morpheus

But I heard on a podcasts of either Gary Null or Lew Rockwell (can't remember which, sorry) that Cheney had to go to United Arab Emirates while Bush was in China so he could 'convince' them not to dump the dollar... I wonder if this could have any correlation (assuming market manipulation is occuring). It would only make since that a sudden increase in dollar strength would help convince a nation not to dump our currency.

Just a thought...

no great wall street genius here.

As I said before, take the emotion out of it. Take the conspiracy out of it.

THE DOLLAR HAS BEEN TANKING FOR 7 YEARS.

Look at the chart....look at any chart. NOTHING goes in one direction forever...NOTHING.

The dollar and gold will "bounce" (if you think you can time these bounces you're nuts) but the dollar is correcting and some day interest rates will STOP going down...(yes there is a chart for them too) and I suggest that you DON'T short the dollar. In whatever way that may be.

If you do you will be GIVING your MONEY to the guys who were smart or lucky enough to short the dollar in 2001 when it was a good play. It is a lousy play now which is why the players are covering.

Look at the damn oil chart for the last 18 months.....NOTHING goes up (or down forever).

These players are highly sophisticated. Trading this stuff is like playing a pick up basketball game with Lebron James. YOU WILL GET YOUR A$$ KICKED.

Do not use your emotions to make money decisions...please.

They have 23 room houses in the Hamptons for a reason...they bought them with your money.

You have no GD idea what is going on at the trading desk for ANYTHING. NONE. They know exactly what is going on...they are paid tens of millions of dollars a year to know and they do.

Every trade has TWO sides. Understand this concept. Every dollar that a $975 an ounce gold buyer has lost has helped pay for the house in the Hamptons. It did not go into an invisible vacuum.

Wise guys were shorting gold at 900 to 1000. They study charts and they own the casino.

Wise guys went long the dollar a few months ago. Guys starting shorting copper this spring. They are patient they have a lot of money and they will ride the "holders" to the bottom.

Nobody can get timing 100% right NO ONE. Lebron James does not hit ever three pointer.....I have one final bit of news for you...Lebron's 3 point % is waaaay better than yours will ever be.

It is a casino and you DO NOT own it.

I do know that I sold about 200 ounces of silver at $18.50 about three weeks back or so. That money is now going to buy a crapload of silver at 12.80/oz. I went on Ebay and it will be tomorrow before you can even really bid on silver because it had already been bid up way beyond the current price. Maybe in a few days it will be a little lower even, who knows. I just know that I'm buying, buying, buying.

"Committed To The Erradication Of Poverty Among Patriots"

It was a small bubble due to overexaggerated economic fears. The economy will continue to slide, just not as catastrophically fast (although, if you ask me, a slow decline is kinda scarier than a fast one, in terms of the big picture; pull the bandage off quickly, i say). Metals will go back up in price.

The relative strength of the dollar is simply a result of the poor performance of foreign currencies, because all of them are running on broken fiat systems, too.

"Committed To The Erradication Of Poverty Among Patriots"

With GCQ8 having gapped down at today's open it should retrace to just above 800.0 to fill the gap.
The next levels of support to watch for are:
755.7
739.10

Given the ease with which gold broke down through significant support at 800.0 it appears that smart money may be probing for buyers and to check supply. If they find demand/buyers in the next 48 hours gold should slow it's descent.

If they find supply gold will continue towards 755.7 then 739.1 then 642.

The US Dollar is not relenting, trading near highs of the day 77.420.
Crude is also trading near its low 111.34 which is a violation of most recent low of 112.31. It is approaching support at 110.00 however strong support is around 100.0 / BBL

"Committed To The Erradication Of Poverty Among Patriots"

Margin or credit is a fool. You will get eaten alive. Those that did recently are being wiped out right now with margin calls.

Buy the same dollar amount at regular intervals without fail. This is called 'cost averaging.'

e.g. - buy $100 on the 15th of every month. Even though that means as the price goes up you buy less, and as the price goes down, you buy more. DON'T change the dollar amount and keep the quantity constant. Keep the dollar amount constant and let the quantity fluctuate. Over any decent period of time like one year, you will have bought at the average price for that period.

There is no restriction for this to work as to how often you buy. But do it like clock work without fail at a regular interval NO MATTER the price. As soon as you try to buy the lows and sell the highs, you will mess it all up.

When buying, buy no more than 25% of what you can reasonably afford to lose. When selling, sell no more than 25% of your holdings in one shot. That way, you don't have to try to hit the highs or lows perfectly which you won't be able to do anyway short of pure luck. If you sell and the price goes lower, you can still sell, or hold. If it goes up, likewise. Either way, you aren't wiped out on a single trade.

10 August Gold
Short From 927
Current 780.9
Difference-146.1
Profit+$146100.00
Commissions $75.00
10:11 Central Time

"Committed To The Erradication Of Poverty Among Patriots"

Be slow to buy. There are many out there that bought on credit. Silver could go as low as $7.77 and Gold as low as $470. Have to be patient and of course not sell what you have already aquired. Trading now will make you a Traitor to the movement. This is a R3volution and our opposition is going to be playing hardball. They have a lot of tricks and illusions.
grant

There are many fools that borrow/borrowed money to buy gold and silver, or borrow/borrowed money to increase production at their businesses. These fools will most likely have to sell cheap to cover their ass. However those who aren't/weren't tempted to borrow money to invest will ride out the storm, I suspect it will be well after the first of the year before prices begin to rise. Only a fool would go out and and borrow money. We have to remember that the Fed has the military backing of the U.S. as it's watchdog to keep the dollar supported and central bankers around the world working with them. They will do everything to get our gold and property away from us. If you "need" something pay cash, if you have no cash trade services or barter goods.
The R3volution can win with brainpower, not bullets.
grant

Once you learn to recognize the 'up-thrusts' and the 'probe selling' in a market chart, you'll know when the 'market manipulators' are working, what they're doing, when to change direction and when to exit your position at maximum profit.

OR

you can just get burned or sidelined and have a drama story to talk about on the Daily Paul.

An 80 year old former syndicate trader (market manipulator). Tom Williams.
http://www.tradeguider.co...

He's giving away a large, very interesting book for free IF YOU VIEW THE TRADEGUIDER YOU TUBES...AT YOU TUBE.
http://www.youtube.com/Tr...

I paid $1,600 for the lifetime software lease in 2006 and the book comes with it. It's a "$99" value.

"Committed To The Erradication Of Poverty Among Patriots"

Here's a snipet from 8-14

""You know, things in the financial markets have been going very well for a very long time. Major stock market indices are down only about 15% from record highs. No major economy is even - for now - in a recession. Unemployment in the U.S. still hasn't risen to 6%. Gold is no higher than it was 28 years ago - in nominal terms. People still lend money to the world's biggest debtor - the U.S. government - at only 3.94% for 10 years. And the dollar is still taken as a 'store of value,' even though there are trillions of them in central bank vaults…and a whole rickety tower of dollar-based credits reaching up to the sun.

"But investors talk as though it were the end of the world. It's not. It's only the beginning of a major correction…and probably, only the beginning of the beginning.

"And when it is over, people will want more than 10% yield before they will lend to the feds. The world's monetary system will probably have collapsed and been replaced with something new. Stocks will probably sell for less than 8 times earnings. Ten percent of the U.S. population will probably have gone bust - that's 30 million people. And gold will probably sell for more than $2,000 an ounce."

HYDROMAN

Sheriff Rosco P. Coltrane " wahdoido now Boss?"

http://www.thebulliondesk...

Anyone who doesn't believe the manipulators aren't able to drop the price of commodities by another 30-40% before the election in November is a fool. Sure producers will suffer, but it is a small sacrifice to appease the masses who will be blinded by cheaper gasoline prices for which to go cruising around town with. Central Bankers around the world have been racking in dollars and depositing them at the Fed. So the Fed has plenty of dollars without printing new ones, and the government picks up the tab.
As long as the Fed holds back dollars we will see all the inflation pumped into the market over the past 20 years sucked dry and deflation in the market. After the election we will probably have a new cycle of inflation begin. The only way the people could get out of this would be to force the government to coin money and bypass the need to use Federal Reserve Notes, We could pay off all the national debt by minting gold and silver from government holdings into coins equal to the value of the debt. Of course this means that an ounce of gold would probably have a face value of 20,000 dollars or so to compensate, but that is probably what it would take to pay off the national debt. But that probably won't happen since it would put the Federal Reserve out of business. Hold your gold and silver, don't sell, one never knows the future.

I think all that cash the Fed just printed and pumped into our economy is about to hit the average American's market. Do as much as you can with it, it's bound to be gone by the end of the year (if not month).

"Every generation needs a new revolution" ~Jefferson

Join ours - http://www.ronpaul2008.co...

But don't take my word for it.
Here's what a "Gold Bull" is saying... no pun intended.

http://news.goldseek.com/...

THERE'S STILL MORE BULL IN BULLION
by Bill Bonner
March 7, 2008

At the end of the last century, nothing seemed more obvious: the price of gold would go up. We pass over the previous 20 years, in which the same blindingly obvious truth practically bankrupted us. But there's nothing quite like two decades, back-to-back, in which the price of his favorite commodity falls continuously, to grind down a man's youth, wear away his pride and polish off his fortune. On the other hand, there's nothing like a bull market to perk him up again.

HE'S SAYING THIS ALMOST PERFECTLY AT THE VERY TOP OF THE MARKET. DWB

"PunJab! Bring me my checkbook!"

www.KITCO.com

Holy shit! silver is at 12.80 an ounce. BUY!BUY! BUY!

watch gun prices fall as well....

You cannot trust markets now because the wealth of the world is in the hands of a very few, very powerful people who have a weird agenda. Gold, silver, the dollar, the markets are all manipulated.

I bought a lot at 654 - a lot as in 70% of my life savings. I sold it all at 920. Bought a little back at 809.

I'll probably buy more every few weeks now, regardless of whether it goes up or down.

By the way, the realtime feed says it's going for 799.90 in Asia right now. K-Mart Shoppers! Silver has collapsed to 13.75! Edit 13.66 while I was typing. Gadzooks!