Ok, Gold stabilized at $1600 and there was talk about $5000 gold. There was a ton of manipulation and articles explaining why we should be at $5000 Gold. Mainly due to past and present stimulus, around 4 trillion. You can look at it this way...Let's say it should be at $5000 and it corrected at the $1600+ level to...let's say $1350 at games end, then when you factor real gold and throw out the worthless paper you still get $3000 plus Gold. If the paper contracts really have GOLD attached to them than what is happening is merited, otherwise this may be the start to much higher gold. This lower amount does help the US, but what about India,Japan, Middle East, and CHINA. They have bought so much more "REAL" Gold. How do you think they will react going forward. Looks like some nibbled today. Currently my only hope is that just one person that knows the real truth will tell us the freakin "TRUTH" so we now know the correct formula for Gold in the future...Good Luck Everyone!!!
What you are missing in your analysis is the ability of major market players to manipulate where most prices are headed, and in particular that of PMs. There is a limit to the manipulation. The limit is what needs to be considered. Once the likes of JPM and GS have gotten price levels to a point where they cannot extract more from those willing to sell it is to their benefit to again drive the price higher. They have damaged severely the ability of otherwise potential investors to come into the market because theses investors have transferred to JPM, GS and other similar financial elitist firms much of their net worth.
Then there is the issue of unfunded liabilities that continually gets ignored. Derivatives are still floating around out there and not marked to market along with real estate assets passed into the hands of lenders as part of the many derivative schemes. The trillion$ in debt of the US Government, US states, and many large cities and communities taken off the radar screens of news reports is still working in the background. The massive unemployment numbers, by historical standards, are sugar coated and true numbers never presented by mass media sources.
There is so much bogus accounting for these assets going on that no ones has given a cogent description with indisputable backup of the true depths of wealth transferred into bankster hands. The “Mandrake Mechanism”, as described by G. Edward Griffin in his book, “The Creature from Jekyll Island” is still very much at play in what is seen, but importantly describes how the unseen will determine the future, but with no possible accurate timeline as to when it might occur.
For those who view the future in the long term it is best to not capitulate along with near sighted investors. Losses never become losses until they are realized. Short term market manipulation is what banksters rely on to extract value from those on the other side of their trades with the above described limitations.
"For those who view the future in the long term it is best to not capitulate along with near sighted investors. Losses never become losses until they are realized. Short term market manipulation is what banksters rely on to extract value from those on the other side of their trades with the above described limitations".
Happi -- I had to "sign in" to comment on this one (I don't do that much around here anymore because of the Yahoo policies).. I have read of the "detractors to reality" in the past few weeks and it is amusing, so keep up the good posts...
You most likely remember the "last time" the Fed "ran out of ammo" to hold down the precious metals, it was an interesting spectacle and it will be repeated again. -- I have done well in "physical" since it is the only thing I trust any longer, but I do enjoy reading this page. -- Keep your powder dry.