The following was a bankster hit job on the POG
(A loss of $40.50 in one day)
These numbers were extracted from the USA Gold website, which lists POG history by year. This drop appears on gold charts as a straight line dropping, as off of a cliff. The exact hourly drop couldn’t be found but, given past history, it usually happens on the NY spot gold open in mere minutes before the greater population of gold market participants have time to react.
How anyone can give any credulity to “wave analysis” when markets are thus manipulated is beyond belief. The only thing that is predictable, as long as those who are in a position to manipulate this market ARE NOT BEING HANDED A PRISON JUMP SUIT, is that “the best laid plans of mice and men, often go awry” (speaking of the wave analysis crew) and are going to experience yet another failure as their “crystal balls” experience yet another blinding snow storm. The only caveat to this is if a deep pockets “white knight” comes along and has enough wherewithal to counter and send pricing in a direction that reflects the abject failure of counterfeit fiat monopoly money. That’s a tall order for any opposing the “money trust” with unlimited ability to print or digitize “legal” tender and associated financial instruments (derivatives, for example).
Yes, silver is not performing very well. But take a look at the gold/silver ratio, currently 64.25, which exceeds the recent high on February 11, 2014 of 64.00. The highest it has been was in late 2008 at 83.86. The 50 DMA over 2 years has broken to the upside of the 200 DMA, just barely over 4 months, and the RSI is at 65.39 over that timeframe. 70.00 is generally considered to be an indicator of a reversal, which in the case of this ratio either means higher silver prices or lower gold prices and all the other indications in between.
The AU/AG ratio of 83.86 of late 2008 seems to indicate the public had started to plunge into silver for protection as the ratio plunged while the banksters didn’t care to show their hand at their dire financial circumstances (or had already bought PM protection by socializing their losses). Currently the banksters (in China or wherever) would back off their gold purchases and there would be rotation into silver, bringing the AU/AG ratio downwards. That doesn’t necessarily mean silver would gain pricewise, except in terms of the ratio, but it has been in a holding pattern that could indicate higher prices. That also could mean much higher prices for gold and even higher ones for silver. A TRIPLE BOTTOM has formed in silver beginning in late May of 2013.
These, of course, are longer term views of this sector. Short term views only benefit vendors, be they brokerage firms or the hard asset vendors, as the customer side is paying the freight and risking being whip-sawed in a non-contrarian manner.
There is one other comment to make of all of this. Don’t expect American businessmen/women to make any efforts to return honesty to the business world. They are insulated from all of the corruption that stems from fiat money. If monetary value diminishes, all they do is raise prices, and the same with the salaries of politicians. If their compensation does not reflect what it could buy previously, they just vote themselves raises, and then some. While at it, look at religious organizations. Do they decry the deteriorating value of what is donated to them? Hell no. They just ask for more...because their “costs” have gone up, not because the nominal value of that which they receive has gone down.
This wends its corruptive influence into most anything.
How about car manufacturers? Do we really need new cars? How about providing easily obtainable new parts for the ones that go bad, no matter how old the vehicle or the make and model. Now why would vehicle manufacturers (who some say their ownership stems from the Illuminati) not want to provide new parts for old or very old models?
So now Obama wants to raise the minimum wage. Does he say his reason for doing so is because the dollar is losing value? Hell no. Now why would that be? Is it because he’s speaking to the least common denominator of American society who have no idea of the scam being perpetrated on them?
It doesn’t take a rocket scientist to figure any of this out. Nor does it escape the understanding of those who inhabit the PM sector for protection of what they have worked for and earned over many years. Yes. It’s an economic war against the middle class that is not easily won because of those who are able to manipulate markets that only advantages them.
In mere minutes spot gold lost more than $20/oz this morning at the NY open.
Eric Holder on March 6, 2013: "The concern that you have raised is one that I frankly share. And I'm not talking about HSBC now, because that may not be appropriate. But I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy. And I think that is a function of the fact that some of these institutions have become too large."
See Zero Hedge by Tyler Durden, “Eric Holder: Some Banks Are So Large That It Is Difficult For Us To Prosecute Them”
Later Oregon Senator Jeff Merkley wrote in a letter to Eric Holder: “...“I am deeply concerned that four years after the financial crisis, the Department appears to have firmly set the precedent that no bank, bank employee, or bank executive can be prosecuted even for serious criminal actions if that bank is a large, systemically important financial institution, ...”
See: “Merkley Blasts “Too Big to Jail” Policy for Lawbreaking Banks”
Note the number of suspicious recent untimely suicides in the IT departments of JP Morgan Chase and other banks. Were these potential whistle blowers?
See: “Is there a suicide contagion on Wall Street?” by Jen Wieczner of Fortune.
This begs other questions. Are the big banks getting ready to get the United States involved in another war, since it is wars that have enriched them from both sides of the conflicts they’ve encouraged? Ukraine? Paper currencies, in order to secure their legitimacy, bring about and require militarism. Russia and China have been adding and encouraging the holding of PMs from their populations. This disadvantages countries, like the United States, where paper wealth is encouraged.
But apparently it worked. Not even those “steind76” blasts from the past are available anymore. So here it comes, an extremely rare “way to go, Yahoo”.
For those who have wondered about “what in the world are bitcoins”.
The topic contains the title of the article, which can be easily located with your browser.
For those of us who have been following events in the Ukraine, the corruption of JP Morgan is not unlike that existing there. For example, Viktor Yanokuvitch (excuse spelling, please) was a real thug as a youth. He was imprisoned for assault more than once. What he did that led to his ouster by having the military under his control kill protesters is therefore an ongoing manifestation of his character. The fact that Putin is supporting him should also tell people that Putin’s character from his KGB days is still very much present today. He is no less of a thug.
Yulia Tymochenko, who was recently released from prison with Yanokuvitch going into hiding in Russia, is from all accounts an honest politician that was imprisoned because she was duly elected after election fraud of her opponent was discovered. This resulted in her opponent carrying out additional false charges backed by Yanokuvitch. See Wikipedia for all the details.
But if anyone knows anything about the mega-banks, such as JP Morgan, they will be clandestinely supporting these thugs in order to enrich their wealthy owners. That goes right back to the days when JP Morgan used the Red Cross as cover to back the Bolshevik revolution that brought communism to Russia. Unfortunately there is none of this sort of information available on mainstream news sources since what “journalists” write is only because they have been previously given the position for aligning with what the elitist mega bank owners would approve of. For years, going back to the Rothschild fortunes as the USA became independent, their wealth depended upon stirring up wars that they could profit from at both ends of warring conflicts. “Money” (as defined by central banks, currently) does indeed become the destroyer of peace and prosperity for everyone but the elitist super wealthy heads of the mega banks and corporations.
See: “The Creature from Jekyll Island” by G. Edward Griffin
It is a violation of Yahoo’s TOS (Terms Of Service) to continually copy and paste the same messages over and over again. To those who find “steind76’s” repetitively copied posts sufficiently irritating, please file a complaint with Yahoo. These are like a disease bacteria and continually infect this message board crowding out the valuable opinions of others, who have stated these posts are occurring on other Yahoo message boards as well. Note the close spacing of posts within minutes apart. This is mindless drivel.
Yahoo has recently requested suggestions on how to improve their message boards. Getting rid of “steind76’s” posts would be a step in the right direction. Anyone who does file a complaint, please inform the rest of us. If Yahoo fails to act we can make some assumptions that Yahoo condones this behavior, and perhaps has even initiated it. A complaint has been filed under the HapiWondrers screen name, but as yet there has been no reply. Maybe “it takes a village.”
On December 11, 2009 Adam Hamilton wrote the following:
“As the world’s second-largest exchange-traded fund, and sixth-largest holder of gold bullion, the GLD gold ETF has grown into a juggernaut. GLD’s mounting popularity among stock-market investors and speculators has made it one of the most powerful forces in the global gold markets. This ETF’s success is all the more remarkable considering it was born just 5 years ago, its rise to prominence has been meteoric. ...”
You can find the above on the Zeal website.
On March 1, 2014, Jeff Nielson of Bullion Bulls Canada wrote in his editorial titled: “Are There Any Chumps Still Holding GLD?”:
“...The biggest of the “bullion-ETF” fraud-funds, the infamous SPDR Gold Trust (or “GLD”) saw the greatest collapse, with total holdings of this dubious paper plunging by roughly 40% from its peak. This unprecedented collapse in ETF-holdings came despite reports that the Banksters themselves had bought millions of units of their own fraud-funds – forced to do so in order to stave-off the total collapse of the entire paper-called-gold market. ...”
You can make your own determination on who was correct. A disclaimer is on order. We did briefly own GLD, and sold it while it was still profitable a short time later. That being said, ownership of paper based assets is becoming increasingly risky due to Wall Street corruption. You might also suspect from this who might be connected to bankster interests and convincing you of making decisions counter to your best interests.
Consider what Eric Holder said, if you think the Feds are really going to press criminal charges:
“I am concerned that the size of some of these institutions becomes so large that it does become difficult to prosecute them … When we are hit with indications that if you do prosecute, if you do bring a criminal charges it will have a negative impact on the national economy, perhaps the world economy, that is a function of the fact that some of these institutions have become too large. It has an inhibiting impact on our ability to bring resolutions that I think would be more appropriate.”
Maybe Holder ought to take a poll, as all politicians are want to do, and see if WE believe these blastards should be thrown in jail. Many of the “little people” are risking their lives in unending foreign wars. Taking on these mega banks should be a “cake walk” in comparison.
Further, if Barack Obama has not seen fit to replace Holder after such a comment his political career should be over, except for the fact that he’ll be returning to one of the most corrupt states and municipalities (Chicago) nationally.
As far as your comments about the “press”; since 1910 and before, the press has been owned by the elite super wealthy. Nothing has changed over those many years, except we now have the Internet. However many people are couch potatoes and choose to get their news from the “stupid box”. These elitists have charted the course of elections and only THEIR candidates receive favorable mass media overage. All the rest are criticized to become out of contention as office holders, Ron Paul being the most recent example. It is a bit disappointing that his son, Rand Paul, has chosen to be a US Senator for those of us who know how the 17th Amendment (a Progressive Era change) to the US Constitution destroyed the balance of power in the US Congress, leading to lifetime tenure for many Senators despite elections, Ted Kennedy, for example.
See: “Another Sudden Death of JPMorgan Worker: 34-Year Old Jason Alan Salais”
“...Two young employees engaged in computer technology dying in such a short span of time might seem bizarre at a bank. But JPMorgan is not just any bank when it comes to computer technology. According to Anish Bhimani, the Chief Information Risk Officer at JPMorgan Chase, in an interview published at the Information Networking Institute (INI) at Carnegie Mellon, JPMorgan has “more software developers than Google, and more technologists than Microsoft…we get to build things at scale that have never been done before.”
Let that sink in for a moment: a bank that has “more software developers than Google.” The growing concern in Congress is that America’s biggest bank by assets is now so complex in terms of derivative risks on and off its books and software programs that are incomprehensible to its regulators, that it could pose systemic risk to the U.S. economy in a replay of the Citigroup debacle of 2008. ...”
Don’t worry people. They are “too big to fail”.
This January there was nearly 20,000 call option open interest that expired for AUY. Was the price of AUY being held down so the writers would not have to produce the underlying stock? There’s no proof, of course, but isn’t it strange that immediately thereafter the PM market started to rise. That number of call option open interest is difficult to find in any part of the PM sector. Barrick, for example, has a bit over half that number and Freeport-McMoran about 80%. Both are much larger companies. This should give pause to anyone considering becoming an option buyer, but obviously the writers of these options also are “too big to fail”. It appears that if there is very large open interest at a particular strike price it is populated by the writers of such options that can depend on manipulation of the underlying stock price to be in their favor.
Finally time broke free to applaud you for the money you spent for the billboard. Similar ones have cropped up in Florida and Arizona. It’s uncertain whether a dumbed down population takes any note of anything that has the ring of truth, as there doesn’t seem to be any widespread indication so far. As long as that paper money and plastic buy the latest and greatest iPhone, etc, they seem not to care, leading one to wonder just how far along mankind has evolved since becoming bipedal, at least the American variety. So there has to be agreement, unfortunately, on your “blood in the streets” thesis.
You are certainly right about the involvement of business in the continuation of the corruption. Knowing that the “freight” for all the fraud will have to be paid by others you never hear a peep out of them as a group on what central banking interests are doing to the rest of us. Of course they wouldn’t want to anger banking interests upon which they depend to stay open.
Bottom line, the stupidity of a large number of Americans on these issues is even more enraging than the actual fraud. It seems that the Ukrainians have had their “blood in the streets” moment and for them perhaps there will be improvement.
Glad you liked it. It has been a best seller for many years since its first edition. Of course later editions must be paid for. The Kindle editions are much better, just like the free online version, because they are searchable, unlike the hard copy.
This is a massive piece of accurate documentary research. Having a search capability to find particular passages is well worth the price of $20 for the latest Kindle edition.
The realization of this country’s involvement in installing Communism in Russia as part of the Bolshevik Revolution using the American Red Cross as cover certainly never came out in the educational environment. As is the case now, both political parties were part of the scam (more so the Democrats of the Wilson Era) as this was a continuation of the elitists plan of that time who gathered at Jekyll Island led by Republican Senator Nelson Aldrich.
If this doesn’t make you mad as Hell at how we’ve been misled over many years, what would? Wars have been fought (solely for profit) over the encroachment of Communists in other countries, without ever mentioning that Communism got its initial start in Russia through the involvement of elitist American bankers and industrialists. To this day people like David Rockefeller openly have supported this. (see David Rockefeller on Wikipedia)
“...I don't own any shares of SLW for a while now. ...”
Could you say why not? It looks like the PM market has bottomed and SLW has a better chance of reaping higher profits than, for example, a gold mining company. The AU/AG price ratio is trending down over 30 days, though, which isn't a contrarian indicator. However the rally in PMs seems to have developed some upwards momentum.
Shucks! The censors truncated my message and got rid of the GLTA comment. Damn banksters.
What “cmegladon” didn’t tell you is that the shares were bought at 40, then watched it drop. So from its lows the metals portfolio is up 10%.
“...but what do you expect when the same government puts the likes of JPM CEO Hank Paulson to head the Fed? ...”
Your sentiments are in the right direction, but your facts are not. While Paulson is an evil bankster, he was CEO of GS, not the manipulative firm of JP Morgan. Please see the account on Paulson at Wikipedia. Paulson had a conflict of interest during the bank bailout (TARP) because of his former GS connection, even though his connection was not technically illegal at that point. But his actions were a case of moral hazard.
During Paulson’s tenure at GS he was responsible for the CDO’s that led to the financial meltdown. Nice, huh? These blastards create problems then use public money to make themselves whole in their current capacities, socializing the costs of their previous failures. Every other business must stand on their merits, or go bust.
Anyway it’s difficult to tell whether, on the issue of criminal dealings, whether GS or JPM leads the pack.
“...at this point I believe that only blood on the street will slap people out of their slumber. ...”
Indeed there will be “blood on the street” if people do not start resisting now. Anyone who thinks that what is taking place in the Ukraine can not happen here should remember Kent State during the Vietnam War. Resistance can take many forms without the unnecessary loss of life.
A look at the life of Mahatma Gandhi could be somewhat of a guide, but there is no avoiding the occasional assassin. It has been postulated that John Kennedy was eliminated from the top by banking interests because he intended to bring forth silver coinage at government expense, as the US Constitution states it should be. The same can be said of the attempt on Andrew Jackson, the assassination of Abraham Lincoln and James A. Garfield.
Today we have many young men and women losing their lives in wars without end, while the political class remains safe and secure within Washington, DC. Leadership is what is needed on the issue of ridding the country of the current central banking system, the Federal Reserve. That is why the spread of knowledge within the people is so important, and acts to mitigate violence issuing from the “money trust”. The light of day does indeed act to detoxify and eliminate central banks, corporate, political and mass media corruption. Iceland is but one example. When the opportunity arises, within the earshot of others, voices need to shout their dissatisfaction. The OWS movement was an early attempt, but too disorganized to remove infiltrators whose objective was to destroy it. The right of assembly was taken at Dealy Plaza in Dallas by police goons that beat up those who were there for the 50th anniversary of Kennedy’s assassination to express their disagreement with the findings of the Warren Commission. A young father with his baby daughter on his shoulders was smacked by one of these goons because he was within the perimeter of those assembled there.
“...If you think she (Catherine Austin Fitts) is not vociferous enough your expectations might be too high”
Those weren’t expectations, but rather a determination of where she stands when it comes to fighting the money trust.
See Wikipedia for the historical origination of the “money trust” which definitely applies to C. A. F.’s timidity when speaking about it (mostly obliquely). People, in this era, do not go to work for the government or the big banks and financial firms except to prosper. There are no egalitarian motives. Change must come from without because the corruption is too wide and deep to work from the inside. No one can attempt, currently for example, to hope to prevail as a reformer within politics without an all out attack on them by the mass news media. The media takes its cues from how they are to present the “news” and which politicians to promote by the big banks and corporations. Fitts characterization of Yellin was a real soft ball description of her and of a central bank that needs to be closed.