It should now be clear that criminality in the central banks, and their political, mass media and corporate allies is nearly complete. Simply look at the charts for PMs. The manipulation is so obvious that those looking at them, unless their body is at room temperature, can easily spot it. That is why charts, cycles, Fibonacci prognostications, etc. are virtually worthless. Instead what needs to be considered is the following.
Let’s say you the reader of this message are of a grand criminal mindset and a policy maker within the central banking network. You and your compatriots have brought the PM markets slowly downwards and currently have it in a holding pattern, watching carefully the volume in the retail PM sector. Your objective is the protection of fiat money while also operating in virtual PM mining mode (creating PM price downdrafts to shake loose more PMs and dissuading entry from the hands of as many small investors as possible into your own and those allied with you). You hold all the controls to price direction using things like HFT (computerized High Frequency Trading). What will be your next move?
Since this threatens the very existence of the country, and other representative democracies around the globe, the outcome should rightly be called treason, and those engaging in it are traitors by any lawful standard. We do have laws to deal with our enemies, despite the pin striped suits and central bankers bloviating to deceive, but recent history makes clear they will not be used by those we’ve elected to represent us nor the mass media devoid of honest journalists. It will take widespread understanding amidst populations that their very lives are dependent on honest exchange mediums uncorrupted by bankster criminality.
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.”
Those who come on this message board to bash longs have got to be experiencing extreme pain as PMs have made extraordinary gains recently. You know who they are, one in particular. Look for them to soon disappear as their new avocation will be panhandling on street corners to avoid starvation. Perhaps they should give out a PO Box to give to this message board to request charitable donations in order to relieve them from their current losses. The income from such a request should only set back the donors a small percentage of their current gains.
The losses these shorts are experiencing are shortly going to make them disappear from this message board. When that happens you will know where to find them; on freeway off-ramps, in front of markets carrying homeless signs, overflowing the capacities of charity shelters, raising the statistics of the banks for increased mortgage defaults, and many other typical locations not to mention adding to burgeoning Federal deficits.
For those who wonder why silver hasn’t moved up recently; it is because this is a bankster driven updraft. The mega central banks rarely get involved in the silver market due to storage costs. Wait to see how willing they are to keep driving the price of gold upwards, wait for a pullback, and then dive into the silver sector for the next leg up.
It seems like state attorneys general are doing nothing to distance themselves in any substantive way from the mandates of Obama and the Democrat Party to force everyone into ACA. Governors and attorneys general should be coming together and drawing up articles of impeachment to present to their state legislatures which in turn should be pressuring their members of the US Congress to impeach Obama. Maybe it’s just too early. Or maybe they’re all a bunch of weenies that need to be thrown out of office, too.
After the pain of Obamacare hits full force with the citizenry they’ll have no excuse to not remove this POTUS from office. Of course the argument then becomes Biden. But if he stares at the results he’ll most probably stay in line in order to not also be impeached. That should save us all till the next election.
EMP=Electro Magnetic Pulse.
What happens if an enemy uses EMP to destroy the Internet and the financial system? Would the PMs that have survived for thousands of years also be destroyed? Who is it that is REALLY behind these electronic currencies? Are bitcoins merely an offshoot of what JP Morgan planned way back in 1999 as a worldwide currency?
Many people seem to be enamored by things they don’t understand as if they come from some superior intellects rather than the crooks they really represent.
See: “Bitcoin rival or lost chance? J.P. Morgan applies to renew a 13-year old anonymous payments patent”
Anyone who thinks that this is something worthwhile being a part of when JPM is behind something quite similar is among the minions waiting to be fleeced.
It is assumed that your mention of “drug dealers” refers to the big banks, like HSBC and JPM, that have been part of a drug laundering network.
Every time there is an advance in PM prices as they arrive in the UK and USA markets they are whacked down. This is not the characteristic of a free market. It is the coordinated attack by western central banks, including those in Asia, to suppress them in favor of fiat currencies, except in the case of Asian markets, they are in acquisition mode, while western markets objective is the protection of the fiat money producing cartel.
So the recommendation here is to discount those with reasonable but optimistic views to what the real price should be, and also to make statements concerning their arrival in the near term. Rather follow the lead of John Paulson’s investments in PM mining companies and ETFs. When they, with their team of analysts, see an opening they are willing to take risks on to make significant investments in what they perceive to be the likelihood of advancing PM prices that will be the straw that breaks the back of the fiat bankster manipulators. You will then have a reasonable chance of success as a longer term investor. Those who visit this message board and continually day trade are never going to see the “forest for the trees” and are more likely to lose money, despite what they might claim to the contrary.
The object here is to find a true low point where manipulation is no longer viable, which can to some extent be correlated with good chart interpretation of true double bottoms. An increasing pool of successful investors opposed to central bank fiat money makes more likely that a turn-a-round will arrive sooner rather than later. That’s why all should look with more than suspicion at those who try to promote the idea that next week or next month will see the re-arrival of the bull market in PMs.
According to latest Yahoo information, AUY has 752,000,000 shares outstanding. At $.065 per share that totals $48,880,000. The income available to common shareholders is $306,810,000, meaning the current payout is about 16% of that. While these numbers are not very current they are close enough, and it seems the PM prices are bottoming. So there is respectful disagreement with those who think future dividends will not be paid out. Further most PM mining companies, in a PM slump like we are currently experiencing, will use dividends to retain shareholders.
Of course there is the disclaimer that this does not represent what could take place in the future, particularly in a highly manipulated market sector where western central banks, politicians and political scientists are fixated on supporting fiat money. If there is disagreement on this analysis brief “Yes/No” answers lack any support and should be disregarded.
Are you saying that downward PM price manipulation is no longer possible? Have the central banks and their allied interests lost control? It seems you forgot the big “IF” statement within the source you cited and instead relied on message board posters. There is far too much of the subjunctive mood within the article to arrive at your conclusion.
It would seem, from the vantage point here, which we have enough near term history to be very cautious about, that claiming the downward course of PM pricing has ended lacks certainty. When worldwide governments allied with central banks and large corporations, dependent on fiat money, control currency output and other related levers, how can it be said with any certainty that those methods have become impotent? HFT (High Frequency Trading) places those who oppose criminal manipulators of market pricing at a distinct disadvantage, especially when “regulators” are part of the scam. When the cops fail to act it is up to people to protect themselves with a cautious approach.
The opinion here would be to wait for definite upticks in PM sector prices before committing limited funds lest more manipulative downdrafts lead to the conclusion, “Darn! We should have waited.” The more who successfully pick bottoms, the better the chances are we can have these criminals tried and sent to jail, or have them granted more severe penalties through the courts here. We don’t want to continue to have more Jon Corzine’s breaking the law with no consequences. What other countries do is up to them when the pent up anger of their populations explodes.
Permanent solutions are the best course of action, which means most people successfully buy in at the bottom of the PM sector, and are not misled into jumping in too soon.
The question is posed to avoid even more retail PM investors from being taken to the cleaners for perhaps the last time. On the other hand is this the start of a long awaited upward trend.
Perhaps the answer is in the following.
See: “2013 – The Year of JPMorgan” by Ted Butler (Just put the title in your browser. Link not supplied to avoid the Mayer censorship algorithm.)
Butler writes, “…The next standout feature to this year’s historic $450 (28%) decline in the price of gold and the $10.50 (35%) decline in silver is in the specific manner of the decline. The vast majority of the total price decline in gold and silver occurred within several days; two days in April (when gold fell $200 and silver by $5) and a few days in June (when gold fell another $150 and silver another $3). The price record clearly shows that the major damage of the worst year in gold and silver history transpired over a handful of days, something never witnessed before in gold, but occurring before in silver (twice in 2011). It wasn’t just that gold and silver declined dramatically in 2013, but the nature of the decline. …”
What small investors should be asking themselves is; is this the last hurrah to pry more from the hands of PM retail investors”? Is this just another JPM PM head fake? As Butler put it, “…The only question is how the heck did these crooks pull it off? Specifically, how was JPMorgan able to buy so much COMEX gold and silver as prices plunged? Normally, one would think the net purchase of 150,000 COMEX gold contracts (15 million oz) and 23,000 COMEX silver contracts (115 million oz) by the US’s largest bank would cause prices to soar. That would usually be the case, except for one other fact – JPMorgan and other collusive traders have come to control the price mechanism on the COMEX, thru high frequency trading (HFT), spoofing and other illegal computer trading means. …”
Is another plunge on the way after this run-up? Just Wondrering.
“My schizo life aside...”
Dr. Thomas S. Szasz
"If you talk to God, you are praying;
If God talks to you, you have schizophrenia."
Yep. Just as predicted. The ultimate slave master in the White House is going to force employers to extract another whip cracking “pound of flesh” to make up for what they are now mandated to provide under Obamacare. Either that or security will show the way to the exit door street side. It is a brutal world we live in and most company managements have little interest in backing systemic changes that encourage individual responsibility.
j_mintzmyer is the typical individual with no clue as to what is involved in running a business. Furthermore there could be improvements made without going the European socialist route by forcing more competition in the health insurance market. Currently people are pretty much limited to what is available in the states where they live giving insurers a much narrower number of competitors, thus raising premiums. The fact that employers provide health insurance at all is an outgrowth of the end of WWII when businesses needed to attract new employees. Health insurance was the main attractant, and has led to overuse of healthcare driving up costs. Much of this country’s health problems can be traced to diet promoted by food producers, especially those in the dairy and meat industries. If people took note of this they would be proactive about doing things to keep themselves healthy, which would be encouraged by becoming privately self-insured.
The following quote is from the piece titled, “What Really Happened To Bear Stearns?” by Ted Butler.
“...These facts indicate that everyone at the top had to be aware that excessive gold and silver shorting was at the center of the Bear Stearns fiasco. Since the Feds requested JPMorgan’s assistance, there can be no question that JPMorgan demanded (and received) permanent immunity from future gold and silver allegations. This explains how they have been able to establish market corners in gold and silver today that commodity law prohibits. Had not the U.S. Treasury Secretary, the Fed chairman, the CFTC, and the CME agreed to JPMorgan’s takeover of Bear Stearns’ gold and silver positions, the excessive market concentration and manipulation in these markets could not have continued.
The interference of the U.S. Government in the Bear Stearns affair explains what was previously inexplicable: why the CFTC couldn’t find anything after investigating a silver manipulation for five years, and why the CFTC and CME were deathly quiet in reaction to the giant price smashes in gold and silver, particularly the two 30% price smashes within days in silver in May and September of 2011.
What baffles me today is that no well-known journalist from outside the gold and silver world has yet picked up on what is an easy-to-document story of epic historical proportions. It’s the story of why Bear Stearns went under, and how the gold and silver price manipulation continued since the day JPMorgan took over Bear. I think the story has Pulitzer Prize written all over it. ...”
Jeeez! Do they put some of these fiat-ists in a rubber room and program them to imagine that all of the geology, engineering development and materials processing has no value in comparison to paper assets. They must spend their nights listening to George Noory and think dark matter (as in counterfeit money taking on value) actually exists. Maybe someone has an explanation for characters like this, as it really is other worldly. Or are they really examples of aliens from outer space? Maybe they’ve the alchemists’ formula to transmute paper into gold. Oh yes! They do it, but it’s called fraud, as in fractional reserve banking. But fraudsters do have their talents as they’ve bought the airwaves, politicians and houses of worship in order to brainwash the public into believing in their alchemy.
How much are the “banksters” paying you to post your #$%$?
This country is printing money both to borrow and to make the interest payments on what it borrows. You are speaking to those who have no concept of the math behind government indebtedness. Probably tomorrow the PMs will again plunge but overall the price fluctuations have been flat....until the realization hits that counterfeit fiat monopoly “money” is buying a LOT less than it used to. So you may find believers among the short sighted and stupid. Long term US Government indebtedness is unsustainable, meaning all who know what represents REAL money will become tomorrow’s wealthy. They’ll just have to endure the PM manipulation that is becoming more widely recognized.
For those who have some understanding of the concept of compounding, in this case the compounding of debt which the US Government is engaging in see: “Could A Compound Interest Wildfire Threaten US Solvency?” by Daniel R. Amerman, CFA. This shows that the day when government outlays become unsustainable will take place a LOT SOONER when the era of (also) unsustainable near zero interest rates HAVE TO RISE.
What all of this means, regardless of “chicken1ittle2012” prognostications is that the era of rising PM prices is going to be with us for years to come, despite the “head fakes” employed by the bankster manipulated PM markets.
It is not suggested that “chicken1ittle2012” visit the above editorial, since it is above his/her IQ or, as previously alluded to, you’re more likely nothing but a bankster plant.
Get lost “chicken1ittle2012”.
It appears that many disagree with you. You seem to be a day trader. Others of us consider PMs to be insurance against catastrophic currency events that will come unannounced due to the criminals within the central banking systems worldwide. As previously stated they should be regarded as treasonous by the citizens of any countries where they operate as private central banks under government auspice.
“...Even if it did, the Supreme Court would kill it...”
You have a short memory. It was Chief Justice Roberts that went along with the idea that Obamacare was a tax, and not an overstepping of the US Constitution.
What contortions might they come up with to legitimatize nationalizing IRAs/401Ks? When push comes to shove and the government can no longer rely on other countries to fund its enormous deficits with deteriorating dollar valuations they’ll be coming after everyone with fungible assets, just like in the Cyprus “bail-in”. You never know what the criminal mindset might be capable of next. When the government takes without a vote of the people or adherence to Constitutional law it has become a dictatorship. It is enforced by a police state (as in Obamacare) and is run by executive order, which is a euphemism for “the rule of man” through the current White House tyrant, Obama, along with the rest of the go-along-to-get-along crowd inside the beltway, party affiliation aside.
Beyond that the country will not survive your proposed timeline. The economy will implode long before that bringing into play the aforementioned plunder.
This Youtube was found from an earlier post by Globalau73. We hope Global is still around as he hasn’t posted for quite a while.
The title of the youtube is: “Glenn Beck Exposes the Private Fed; Gets Fired by Fox”. Put this in the phrase box of your browser and you’ll find it.
The fact that Glenn Beck got fired over this shows that the Fed STILL controls ALL mass media outlets, including those that in the minds of many are “conservative” news outlets.
How long will it be till mass media outlets will have to capitulate and establish their autonomy over the banksters that control them?
Americans are great at the practice of stigmatization, but seem unable/unwilling to do so over the criminal behavior of large financial institutions and the criminals who manage them (think Jon Corzine). Isn’t that supposed to be the purpose of stigmatizing, to show public disapproval of aberrant behavior, which certainly the mega-banks are engaging in? Apparently fear of the “big fish” eating them is the reason, which does show a massive yellow streak in the collective spine of the population. Of course most on this message board would distance themselves as being “yellow”, but they are a tiny subset of the overall population, which is a problem when it comes to a correction to the pathway to perdition we are currently following.
By the way, has anybody found anything on the Internet about an audit of how much gold is in Fort Knox? Please post your source.
If you wish to get a true picture of employment, visit the Bureau of Labor Statistics' website titled, "Labor Force Participation Rate"
It has been in a downward trend since 2008. This shows the lie the has been continually broadcast by mass media that give the appearance that employment growth is improving. If charted this would disclose that the bottom portion of the charts is continually being removed to give the appearance of growth.
Of course most here already know this, but there are a number of references to statistics at the beginning of this topic which fail to give the whole picture, unless you visit the BLS website. Failing to provide a broader context is quite misleading.
Zimbabwe, Cyprus (bail-ins), German Gold repatriation (7 yrs out, if ever). These are examples of economic malaise, either already here, or located elsewhere that are soon to arrive.
The arguments to support dollar currency stability are solely based on military might (blood money, as it were). Can that be used to force other countries to buy our debt? Absolutely not. Many are finding alternatives for international transactions instead of dollars. The military industrial complex is supplanting our manufacturing base resulting in a poor economic/employment environment, thus ruining the country's ability to produce the goods and services sought domestically and internationally. The middle class is being destroyed as a result. Domestic manufacturing production is the basis of national security, and by inference the strength of a country's currency.
In the meantime manipulation and propaganda are the weapons used to keep the dollar alive. "Propaganda" worked in the days of Edward Bernays, but those days are long gone in an information age where people no longer rely on the alphabet media. Instead they increasingly act as zombies with cell phones growing out of their ears.
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.