If you realized who represents “the public”, you would be less sanguine about their ability to not be misled. We now have over 100 years of the country being run by the private Federal Reserve Bank. The value the US dollar has lost in that period pretty much represents the same percentage of people that have no understanding of the scam perpetrated on them. That has been assisted by 24-7 propaganda by mass media outlets led from behind the scenes elitist operatives to see to it that “the public” remains unaware of how their prosperity is being stolen from them. Thus it will take a disastrous worldwide economic implosion to wake up the dullards who represent the overwhelming majority of people within populations.
Jefferson was correct when he stated: “If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks…will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
Through the public school system, this statement by Jefferson has never been emphasized. Thus the wake-up call will require economic disaster. It is interesting that even our first US President was able to be misled by none other than Alexander Hamilton to bring about the first privately run national bank. Aaron Burr performed a great public service, without awareness of having done so. Too bad he couldn’t have lived past 1913 to perform more of the same to Hamilton types of similar objectives. Certainly those who read this who haven’t been thoroughly brainwashed in public schools will understand this.
in order access a rare expose on proven central bank currency and PM manipulation.
See: “Finally The Bafin Is Unraveling The Gold Manipulation/Intervention By The Central Banks And The Fed (Part 1)” by Gijsbert Groenewegen
See also: “Finally The Bafin Is Unraveling The Gold Manipulation/Intervention By The Central Banks And The Fed (Part 2)” by Gijsbert Groenewegen
Every other editorialist has claimed the PM markets are either reacting to “free” market forces, or that manipulation is nothing new. It has been going on since PM markets came into existence in this country. Apparently those that dismiss manipulation as out of hand also believe that holding the PM assets of other countries for safety reasons when they’ve requested that they be returned is nothing out of the ordinary either.
Along with this have been the suicides of some important bank officials indicating the SIATHTF. Do your own DD on that one.
Note that somebody bought AUY leap calls in positive territory today as PMs headed upwards at the open. Now PMs are plunging. Be forewarned “charlie1840088”. This market is rigged. Even leaps can fail to show a profit in a scenario of dishonest market activity. Whether AU, for example, will remain above $1200/oz or head for $1000 as some suggest is difficult to say when there is such an incentive for central banks and their government/mega-corporation allies in crime to keep counterfeit fiat monopoly money viable.
As many have discerned the PM dollar price tags are totally fictitious as a result. Perhaps those who buy calls should reconsider. (Obviously that statement will make call writers very unhappy, should they come across it.)
As this topic falls out of sight unanswered from the 1st page, Benjamin Franklin stated something as true then as it is today:
“They who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety.”
My sources tell me to relay this message to the western central banks. “Quit taking down the gold market every time it enters the UK and the US, thence fleecing the weak handed precious metal retail investors remaining in that region by immediately running up the price after you’ve bought in. If you continue to do this the blow-back will become quite frightening for you or many degrees worse. The form this will take remains “secret. Our super computers have indicated where this is headed if you do not heed this message”.
“Uh, ooh! What’s that drone doing out there? Ooops! That one missed. Here comes another; and it’s headed...”
Source ceased communication.
The following article titled “Gold Stock Panic Ends” by Adam Hamilton on December 19, 2008 on the ZealLLC website is worth a read.
See the article titled: “Gold Bull Seasonals 3” written on August 8, 2008 by Hamilton and ask yourself how you would have reacted back then. Hamilton does cite “seasonals” as a secondary consideration, but if your crystal ball is a bit fuzzy you are more likely to give greater weight to seasonals, of which there is no argument and Hamilton’s seasonal chart is likely to raise your confidence level.
We may be entering a similar period if the stock market goes down much further. A H&S pattern has been ongoing since the early 90’s, but Yahoo no longer provides readable “Basic” DJIA charts going back that far unless you allow them to pry by enabling cookies for the “interactive chart”. Enable the log scale as a kind of inflation factor.
We are in what looks to be the downward cusp of the “right shoulder”. If the McClellan Summation Index goes negative and extends the market much lower all shares could follow, including mining shares, as in 2008. This is based on the NYSE Composite index where the H&S formation is quite visible. This would be a good time to buy-in if the overall market plunges. Don’t be too confident in the prognostications of those pumping the very near term parabolic rise in the gold price from its current lethargy. Remember. It’s buy low and sell high if you wish to maximize your return.
Hamilton’s most recent listing is “Gold Bottoming” dated 1/24/2014 in which he paints a very rosy scenario for what to expect for PM prices. But missing, like in 2008, is the effect that the plunge in stock indexes might have on the PM sector. It would seem that again a fear driven plunge in the stock indexes would effect all asset classes, including PMs providing an even better buying opportunity. Just how quickly can the current poor sentiment for the PM sector reverse itself if it falls in sympathy is the question?
“...However loss of control should be gauged by how many banksters receive jail terms, for instance Jon Corzine receiving the fateful court decision to share a jail cell with Bernard Madoff. That will indicate that Constitutional rule has returned instead of the current rule by criminals. ...”
Lush Rimbaugh, following the coup-in-chief’s speech, had him characterizing those of us as leftists/liberals who want to see banksters engaged in criminal activities, like Jon Corzine, put in jail along with a host of others, including Jamie Dimon. Those who have been paying any attention to what Rimbaugh says on “Patriot” radio, KIEV, also know that Rimbaugh includes Michael Milken among his associates, as do the other Rimbaugh sycophants on that station.
Those with an interest in buying PM mining company calls take notice. A widespread media presence among the so-called conservative media propagandists supports the continuing attack on the theft of middle class assets. This is done through the Federal Reserrve, their allied banks, politicians and media organizations, among others, to support the continuing unconstitutional scam of fiat counterfeit monopoly money. Among the only places this ever gets discussed are on message boards like this. But because such a tiny effort to broadcast the obvious is ineffective, mass media sources prevail.
THIS IS WHAT MAKES PM MINING COMPANY CALLS ESPECIALLY RISKY. Success of those who have been forcing the downward PM prices, through naked short selling and paper gold/silver derivatives, etc, has been very successful. As yet we have no substantial indication that the continuing attack on market driven PM pricing has ended. This has been because there is no substantial regulatory effort to reign in worldwide central bank criminality, except for what was done in the tiny country of Iceland where the banksters were placed in jail resulting in a return to prosperity in that country, which apparently Rimbaugh and associates oppose.
There was a reply by “dbls430”, but it is missing. The feedback would have been interesting since the contention here is that Amazon is going to lose market share due to sales tax collections across state lines.
No one who presents themselves as authorities on the Amazon business model has addressed this aspect of the impact on Amazon customers. Some states have extremely high sales taxes of around 10%, such as California, which represents a substantial percentage of Amazon sales. How can this be ignored when it removes the incentive to buy from them over what previously existed per interstate commerce law? So the statement apparently needs to be made again that “AMAZON NO LONGER IS COMPETITIVE” for having rolled over to the political pressure applied to state legislatures to force e-tailers located outside the state, but with in-state distribution centers to collect sales taxes? The SCOTUS backed up the lawsuit by brick and mortar retailers to bring about this unconstitutional change.
Amazon now has drop shipment locations, such as 7-11, not owned by Amazon, where customers can opt to pick up their orders from non-Amazon distribution centers, but the sales tax still applies. Nice try Amazon, but apparently the brick and mortar crowd rules, not the Commerce Clause of the US Constitution. When the outlaws are running the show, anything goes.
According to StockCharts over a 3 year timeframe, the 50 MA and the 200 MA overlay one on the other even as the AU/AG ratio is rising. It’s difficult to get a sense of direction over this, other than the fact that there will probably be a relative change in the MA’s. Recent history has shown a high of approx. 84 in late 2008 for the AU/AG ratio, meaning that silver could continue to underperform as higher AU/AG ratios take place but both could still experience increased prices. The fact that the high occurred in late 2008 relates to the market downturn at that time. Closely monitoring indices such as the DJI and the NYSE, which have had large losses in the last 3 trading days could indicate an impending scenario similar to 2008, but it is too early to make a determination at this point. A week more of continuing losses will indicate a possible near term buy-in for the AG sector when the major indices bottom.
At some point it would be expected that the ratio will decline indicated by the 50 MA crossing below the 200 MA. This might indicate that AG will gain in price over the performance of AU in a catch-up scenario. The rise of the AU/AG ratio also suggests increasing central bank involvement in AU acquisitions, probably coming out of China. Central banks typically don’t acquire AG because of generally limited storage capacity.
What this means for SLW is that it will remain somewhat flat to up until there is a decline in the AU/AG ratio, at which point the public will have begun increased presence in the AG market.
P&F chart does not indicate an objective for a top but suggests a possible impending upward breakout. The GoldPrice AU/AG ratio for 10 years indicates about 84, as mentioned above.
(AU=Gold, AG=Silver, P&F=Point & Figure chart)
"...Here occasionally a stock market pumper named Rick Edelman is listened to. As usual he is pumping the upward and onward progression of the Dow. As the Dow hits its nadir in the near future he’ll be saying the same. His previous prediction was a Dow of 30,000. ..."
Of course you are generalizing on overall market indices, and you could be correct about those.
In the case of Amazon they have screwed their customers by acceding to state politicians who want to collect sales taxes to pay for their state’s reckless spending. As a consequence look for Amazon to crash, whether or not the overall market does, but more so if the market crashes.
Amazon’s business model was to provide exceptional value by providing a near all encompassing list of products at reasonable, and even lower cost pricing with to-the-door delivery, sometimes free of charge. With their agreements to comply with state politicians, beholden to brick and mortar constituencies to collect sales taxes along with e-tailers like Overstock, they have destroyed their business model. Amazon is NO LONGER COMPETITIVE.
A look at what Amazon management insiders are doing with shares they hold indicates they have “thrown in the towel” and are readying themselves for Amazon’s ultimate demise. Of course this all violates the Commerce Clause of the US Constitution, so more is at stake here than merely the disappearance of companies like Amazon and Overstock. It represents a Balkanization of the country into autonomous city-states, which the Founders sought to avoid through the Commerce Clause. While this will take many years to culminate, that is where we are headed with the destruction of the Commerce Clause.
Just remember. Amazon is not the only e-tailer in the universe. Many in other states will not comply with the SCOTUS decision to allow interstate sales taxes, and consequently will not expand their distribution networks into other states to further cut distribution costs. Amazon managements’ insider share sales indicates that they are not going to pull out of their distribution networks in order to remain a viable company.
Correction: premium is $10.60 per 100 options, not $13, but is the highest premium among SLW options for all that are available.
A little disagreement here: “Buy a long term two year leap deep in the money with little premium...”
For example, the 2016 SLW Jan 16 call premium is 13. It has the highest premium of that year’s leap options.
Please explain your strategy, or did you get it backwards?
From Zero Hedge:
"Originally constructed with white marble terrazzo paving and enclosed by a solid parapet of white marble travertine that was personally selected by Bunshaft in Tivoli, Italy, the L-shaped plaza levels the sloping site and conceals six floors of operations that would have been difficult to fit into a single floor of the tower, including an auditorium seating 800 [AND] THE WORLD’S LARGEST BANK VAULT."
WAS Fort Knox gold located here?
You could do well. If you’re new at it buy leap options (long term expiration date-at least 2 years out).
The PM sector is so highly manipulated that even leap options can end with a loss. Many of the gurus are predicting further losses in PM bullion and mining sector share prices. There is a growing awareness, even among those who have insisted that, although PM markets are manipulated, the bottom for this sector is not in, and the power governments and allied central banks have to drive PM prices lower, although waning, still can invalidate the best of predictions for people like you who sense improving PM sector prices. All of the above makes this sector especially risky. Only if there is an overwhelming sense that they have lost control can some measure of predictability return. However loss of control should be gauged by how many banksters receive jail terms, for instance Jon Corzine receiving the fateful court decision to share a jail cell with Bernard Madoff. That will indicate that Constitutional rule has returned instead of the current rule by criminals.
The same people for a number of years that have expected we will have surpassed $3000+/oz gold and $100+/oz silver are back at it again. They have not adequately assessed the ability of central banks, politicians and the elitists that own them to drive PMs lower, and by inference the PM mining shares. The central banks are absolutely willing to crash the economies of all nations in order to maintain control, impoverishing everyone but themselves in the process of maintaining the value of fiat counterfeit monopoly money. They’ve bought off politicians, regulators, media and news organizations, religious organizations and allied themselves with large corporations to maintain their hegemony, regardless of the disastrous economic results that will hasten the decline of the middle class. THEY are our ENEMIES as surely as if they were armed with military weapons. Don’t underestimate them.
How much are the “banksters” paying you to post your #$%$?
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”.
Sharpie: a topic was in the works (“Collusion in the furtherance of manipulation”), but yours covered much the same material
Another source for most of the same information follows. To locate it put the following in your browser: “Gold-Update” by David Levenstein. This was dated 2 days ago. The following is a quote from within.
“...In mid-December, German banking regulator Bafin demanded documents from Deutsche Bank under an inquiry into suspected manipulation of benchmark gold and silver prices by banks. ...”
Suspected? LOL. It seems everybody that has been watching these markets has by now noticed the obvious.
The only question remaining will be, just as in Iceland, will anybody go to jail? Or will it be the typical inconsequential fine as business as usual continues? Bets here, with recent past history as a guide, is that the crooks in London and New York financial markets will continue with their crime spree until everything implodes. They show no indication of doing otherwise since jail is not in their future as regulators and police powers are bought off.
“...how/why did this discussion about the sagacity of predicting a bottom in slw become a prophetic calling to arms of the doomsayers that populate this board? ...”
An interview with Harry Dent was listened to yesterday broadcast nationally and internationally by the largest listener base in a radio mass media environment, a perfect venue for manipulators to pry PMs from the hands of the small fry into the hands of the mega-banks and their corporate allies. Dent bases his predictions for a coming deflation on demographics. There is a Wikipedia account under the name of Harry Dent.
It is suggested that this particular interview was timed for a take-down of the PM markets, as can be seen today.
Dent is a “bear” on the PM markets and states that deflation will cause PMs to fall off a cliff. Gold and silver will reflect the demographics of an aging population, such as has already happened in Japan where there are not enough of the young to create an inflationary environment that springs from expanding populations. In a sense he came across as a Keynesian, demographics aside. Only one caller got past the screener to question how fiat “money” can survive in an environment where goods and services are rising in price because of unconstrained Fed “money” printing and Federal spending.
Unfortunately these types of broadcasts only allow those unable to field cogent arguments to air their views, since the person in question and his interviewer never pointed to the rising costs we all are experiencing. This goes counter to the deflationary claims. Dent believes that the Dollar is king and will never implode to become valueless when placed in the context of worldwide competing currencies. As an example Dent wrongly claimed that PMs went through a big take-down in late 2008 along with the rest of the financial markets. Please access charts to learn that this claim is false. PMs, while they did fall, did not fall nearly as much as the rest of the financial markets.
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.