Their stupid carry trades they create which wind up causing markets to crash just like in 2008 now require daily interventions. the first agenda this morning was beating gold and silver down which is just more oft hem pushing on a string. They have manipulated so much, it will be their undoing. Gold will surpass the old highs no problem, keep stacking folks.
You know, those ETF's like SPY, QQQ, IWM that trade above the value of their components because central banks have been buying the ETF's without ever buying the underlying stocks. ETF's are supposed to track, not set the price for the underlying stocks. This has been the Ponzi all along and now it is time to pay up and there is no money to do so. Shame on you, a house of cards that will collapse.
The other heavy components like GOOG and FB are up not to mention AMZN. So why isn't QQQ way up? Because these ETF's have been manipulated in price and trade above the underlying stocks in them. This is what happens when you rig markets, everyone on Wall Street knows the ETF's are overvalued which means the indexes are inflated. One whisper of higher rates or no stimulus to support overvalued ETF's and everyone rushes to get out.
The collapse will be epic due to years of manipulation that put nothing but air under the markets. To make matters worse, the Fed allowed banks to create products that represent gold and silver to suppress the price, now they have a huge problem with their short positions. JPM and GS are the biggest players, even though GS told you to sell gold, they themselves bought $9.81 billion worth of physical gold for their own account! They know a crash is coming and they secured themselves with gold but you were supposed to sell it. Of course because they need to get all the physical they can to deliver against their phony paper derivatives. Soon there will be a failure to deliver.
Demand for gold bars is up 60% in China, gold coins, up 130%. The day of reckoning is coming, listen to Carl, he is an insider and he knows there is nothing but air under stock prices.
Do you wonder why they are going higher? You don't suppose the Fed is lying do you? Yellen should have her inflation now since oil has gone up every day for weeks to $46 now. Keep tinkering with the markets Janet, it will be the undoing of you and your kind eventually. Ever heard of good old fashioned work to make money and create wealth? Our manufacturing jobs are gone, you have been financing consumption for nearly 20 years. You should study the Roman empire, do you think doing the same thing will have a different outcome?
The truth bet old with gold. These central banks are printing like mad even though they say they aren't and everyone knows it because their dealer banks are getting all the cash they print. A huge black hole with no bottom. They will lose the battle and they are the ones who are at fault for propping it up in the first place. To many dollars out there, way more than you have been told there are.
GOOG up $90 on earnings which staved off the crash for a few more days but once May hit it was all over and everything was tanking. Then we had calm during the Olympic games so you felt good, then when Lehman failed shortly thereafter it was all over. So ask yourself what skeletons are hiding that has central banks so nervous that they have to intervene constantly in the US, Europe and Japan? Billions won't do it anymore, now trillions are needed, weekly, monthly, just to feed the greed, fraud and corruption in the financial community. This is what these central banks are supporting, fraud.
Suddenly repriced to the tune of $30 billion plus the hundreds of derivatives such as ETF's and options that "track" AMZN since it is a heavyweight. Let's call it at least a cool $50 billion, probably more like $100 billion. Ain't leverage great?
Seriously? Nothing tangible, they make nothing yet worth more than 10 huge companies that produce durable goods. Welcome to virtual reality where everything that is nothing is priceless.
Why not ask how all these trillions the Fed printed lined up in the hands of Wall Street bankers and not the people? Where is my free money?
Everything is only about Wall Street while Main Street turns in to a ghetto. None of this is earned money or even paid for, it is all based on future liabilities with no means to meet them. Money printing is going to destroy us all, many more trillions to come.
Yes, it's rising because the Fed is printing like mad even though they deny they are.