AuthorTopic: A Typical MSM Gold Article (That Says Nothing)  (Read 4017 times)

Offline Eddie

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A Typical MSM Gold Article (That Says Nothing)
« on: September 17, 2015, 07:43:58 AM »
You really have to pity these so-called journalists. I guess this dreck pays the rent?

http://www.cnbc.com/2015/09/17/what-a-fed-rate-hike-means-for-gold.html

Here's the gold story in a nutshell.

1. The banksters, protected and abetted by the highest levels of government, continue to try to gobsmack gold price by naked shorting.

2. Their foreign collaborators jump in at some point and start buying in bulk, taking physical delivery at fire sale prices. Price comes back up.

3. The paper market gets more and more leveraged as physical gold is taken out of the West forever. Gold is now leveraged over 200 to 1.

4. Premiums for physical metal from retail gold (and silver) sellers increase more and more with time, making the spot price less and less relevant for most of us. Today spot for silver is right at $15/oz. However, a single Silver Eagle goes for $20 from a reputable dealer.

5. Eventually, some fine day, a lot of futures traders all demand to take delivery of the metals instead of settling in dollars. The Comex does not crash, but the banksters lose their ability to control the price of metals, and real price discovery sends the markets into chaos and gold most likely resets substantially higher, making it unaffordable for most of us to hold.

All of these things have already happened except for number 5.

Gold outlook this week, according to me?

Scenario one: Fed doesn't raise, gold gets pounded within a few days.

Scenario two: Fed does raise, gold might be allowed to creep back up under it's own steam. Or it might get pounded anyway, just because they can.



What makes the desert beautiful is that somewhere it hides a well.

Offline Eddie

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Re: A Typical MSM Gold Article (That Says Nothing)
« Reply #1 on: September 17, 2015, 11:16:02 AM »


This is what the Fed doesn't want to happen when they make an announcement. So...they will retaliate, maybe not today, but within a week.
What makes the desert beautiful is that somewhere it hides a well.

Offline Eddie

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Where is the Eagle?.....Gone.
« Reply #2 on: September 18, 2015, 07:51:21 AM »
The golden eagle, anyway. 

There just isn't as much gold for sale in the West as there once was.

http://jessescrossroadscafe.blogspot.com



I found this graphic particularly instructive.
What makes the desert beautiful is that somewhere it hides a well.

Offline MKing

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Re: A Typical MSM Gold Article (That Says Nothing)
« Reply #3 on: September 18, 2015, 09:01:30 AM »
Eddy, if I may ask, what is your exposure to gold? Or is tracking it just more of a hobby?
Sometimes one creates a dynamic impression by saying something, and sometimes one creates as significant an impression by remaining silent.
-Dalai Lama

Offline Eddie

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Re: A Typical MSM Gold Article (That Says Nothing)
« Reply #4 on: September 18, 2015, 09:33:42 AM »
Fair question. I'm fascinated by what I see as a long running scam put on by the banksters in the gold market, which really has more to do with currency manipulation and the perpetuation of the all-fiat system, than it does with the metal itself.

As I've said previously, I have made and lost a good bit of money trading gold and gold substitutes ,and silver. Six figures, both directions. I recently started accumulating after a hiatus. My dealer asked me to tell him when it's time to sell again, if that tells you anything.

Right now I'm not terribly exposed. If gold and silver are as good a hedge as guys like Rickard and Willie think it is, you really don't even need that much of it.  A modest collection will be enough to pay off 100% of my debts, which aren't that much anyway.

I think of it as a possible hedge in the event of a certain kind of collapse scenario. And as a store of some value in a world where it's hard to know which so-called assets will deflate the fastest.

Most of my exposure is and will be in cash-flow real estate. Low end stuff that will stay fairly liquid compared to what the high rollers like to buy and hold. I might buy another house. I have a new lead on one.
What makes the desert beautiful is that somewhere it hides a well.

Offline Eddie

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Re: A Typical MSM Gold Article (That Says Nothing)
« Reply #5 on: September 21, 2015, 04:30:17 PM »
You really have to pity these so-called journalists. I guess this dreck pays the rent?

http://www.cnbc.com/2015/09/17/what-a-fed-rate-hike-means-for-gold.html

Here's the gold story in a nutshell.

1. The banksters, protected and abetted by the highest levels of government, continue to try to gobsmack gold price by naked shorting.

2. Their foreign collaborators jump in at some point and start buying in bulk, taking physical delivery at fire sale prices. Price comes back up.

3. The paper market gets more and more leveraged as physical gold is taken out of the West forever. Gold is now leveraged over 200 to 1.

4. Premiums for physical metal from retail gold (and silver) sellers increase more and more with time, making the spot price less and less relevant for most of us. Today spot for silver is right at $15/oz. However, a single Silver Eagle goes for $20 from a reputable dealer.

5. Eventually, some fine day, a lot of futures traders all demand to take delivery of the metals instead of settling in dollars. The Comex does not crash, but the banksters lose their ability to control the price of metals, and real price discovery sends the markets into chaos and gold most likely resets substantially higher, making it unaffordable for most of us to hold.

All of these things have already happened except for number 5.

Gold outlook this week, according to me?

Scenario one: Fed doesn't raise, gold gets pounded within a few days.

Scenario two: Fed does raise, gold might be allowed to creep back up under it's own steam. Or it might get pounded anyway, just because they can.

Fed announcement last Thursday at 2 pm. Today is Monday and gold stumbled. Not bad enough to call it an intervention...but just watch. I don't think we're done here. More on scenario one, still to come.

What makes the desert beautiful is that somewhere it hides a well.

Offline Eddie

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Re: A Typical MSM Gold Article (That Says Nothing)
« Reply #6 on: September 22, 2015, 09:02:14 AM »
Okay, it's Tuesday....woopsie, down goes gold. Just a coincidence., probably? Maybe. I don't think so.

What makes the desert beautiful is that somewhere it hides a well.

Offline Eddie

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Re: A Typical MSM Gold Article (That Says Nothing)
« Reply #7 on: September 24, 2015, 11:16:06 AM »
Today was a very interesting day for gold. The equities markets got clobbered, and the big money went into treasuries and gold. I'd say the catalyst was provided by the currency markets. The Real is looking toasty, but it is SIGNIFICANT that almost every Western currency got reset against gold today. Including the USD, which looks good compared to toilet paper, but not compared to shiny metal.

Hell, maybe gold has bottomed. But I doubt it, somehow, unless the currency markets continue to crash.

If recent history is any predictor, we will see gold get sold if stocks really tank, which is looking pretty likely.

Fasten seat belts and hang on.

As to the chart below, you just don't see HFT shenanigans make the market move $20 in one move, in broad daylight. The banksters like 5 and 10 dollar moves. That way they can stay in the same price range and still make money both ways.

What makes the desert beautiful is that somewhere it hides a well.

Offline g

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Re: A Typical MSM Gold Article (That Says Nothing)
« Reply #8 on: September 24, 2015, 12:09:06 PM »

Quote
Hell, maybe gold has bottomed. But I doubt it, somehow, unless the currency markets continue to crash.

Fiat currency markets always are crashing. They lose value every day that they exist until becoming worthless, That is why they are created, to be inflated away by TPTB  running the press in each particular fiat. The do change in value against one another for periods of time which is what creates the strong, weak illusion.

Quote
If recent history is any predictor, we will see gold get sold if stocks really tank, which is looking pretty likely.

If you wish to define recent history as the past twenty years when the corrupt banksters perfected the art of gold suppression and manipulation by the use of futures and derivatives to trick the dim; yes, you are correct. One can expect a Rat Fuck gang banging at any time.

If you wish to choose what is a more pertinent period of time to prove your point, which I would suggest is a history of market crashes in the US Stock market, your statement would not be valid.

Let me point out that gold also ended up higher in US Dollar prices after the great recent crash of 2008, a period when the manipulation I spoke of above was in full force. It is my contention that TPTB let the price rise to just under 2000 to show that their reflation from the deflationary bust had been accomplished.

They then set about on an epic gang banging, in concert with their brothers in skullduggery in Europe, to mask Gold's reply to the trillions they had created in the reflation exercise.

It has worked for now and their puppets on MSM and the usual dim gold detractors have performed their tasks according to their wishes.

As for your idea that gold may have bottomed Eddie, in US dollar terms, maybe. There are two other major entrants into the gold arena the last decade. A Dragon and a Bear that have decided to marry. My feeling is the fate of the short term direction in gold prices will be decided by that couple. As to their plans on the matter, I am clueless, but feel confident in assuring you it is a topic prominently placed on their discussion table.

My singular view and strong hunch only, is that the recent devaluation of the Yuan and de pegging from the dollar was a signal to the West. You will also notice that they have embarked on massive US Treasury sales since that move, and that the Fed has obviously bought them, performing a secret unannounced QE.

What I wouldn't give to be a fly on the wall at those meetings.  ::)






Offline Eddie

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Re: A Typical MSM Gold Article (That Says Nothing)
« Reply #9 on: September 24, 2015, 12:17:35 PM »
Thanks GO. let me think about that comment and digest it.

Meanwhile, here's a gold trader's explanation of today's move, based on the premise that today was options expiration, which I totally forgot about. Does make sense, no?

     "We are going to have an option expiration on the Comex on this Thursday the 24th. I am not expecting it to be a big event, since October is a light contract, with the real attention and action being concentrated in December.

    However, there are over one thousand puts at the 1125 strike, so the cynical me might call that good support.

    If I were trying to skin the specs and holders of options with shallower pockets, I would take gold down to about 1120ish, suck in more puts and scare the calls out, and then take the price up and skin all those put holders at expiry."

    Jesse, Cafe Americain June 22


And so we saw gold push lower, and then rally higher sharply afterwards, especially today.


From Jesse's Cafe Americain

So maybe it was just another good luck day for the House, back at the casino.

What makes the desert beautiful is that somewhere it hides a well.

Offline Eddie

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Re: A Typical MSM Gold Article (That Says Nothing)
« Reply #10 on: September 24, 2015, 12:32:21 PM »
Let me point out that gold also ended up higher in US Dollar prices after the great recent crash of 2008, a period when the manipulation I spoke of above was in full force.

Gold sold off with equities in 2008. I'd say that was due to the margin call phenomenon. Yes it recovered nicely...and I think it will this time too, I never said it would only go down. That's RE talking there.

It is my contention that TPTB let the price rise to just under 2000 to show that their reflation from the deflationary bust had been accomplished.

They then set about on an epic gang banging, in concert with their brothers in skullduggery in Europe, to mask Gold's reply to the trillions they had created in the reflation exercise.


That really, really makes sense to me. I have to agree completely with that.
What makes the desert beautiful is that somewhere it hides a well.

Offline Eddie

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Re: A Typical MSM Gold Article (That Says Nothing)
« Reply #11 on: September 24, 2015, 01:00:39 PM »
As for your idea that gold may have bottomed Eddie, in US dollar terms, maybe. There are two other major entrants into the gold arena the last decade. A Dragon and a Bear that have decided to marry. My feeling is the fate of the short term direction in gold prices will be decided by that couple. As to their plans on the matter, I am clueless, but feel confident in assuring you it is a topic prominently placed on their discussion table.

Maybe I'm being dense again, but it looks pretty obvious. They are trying to amass a huge amount of gold, so that when the West finally loses the reserve currency advantage, that they look like prudent countries that should be able to get AAA credit, and have their own currencies ascend to reserve currency status.

Since China, in particular, has made some spectacularly bad financial decisions, their street cred  could use a boost. Russia has oil, but the supply is far from unlimited. They need to "get it while they can", as Janis used to sing. Later their advantage will be climate and land, which will ultimately be quite valuable.

<a href="http://www.youtube.com/v/ju9yFA1S7K8&fs=1" target="_blank" class="new_win">http://www.youtube.com/v/ju9yFA1S7K8&fs=1</a>

What makes the desert beautiful is that somewhere it hides a well.

Offline g

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Re: A Typical MSM Gold Article (That Says Nothing)
« Reply #12 on: September 24, 2015, 01:44:15 PM »
Quote
Maybe I'm being dense again, but it looks pretty obvious. They are trying to amass a huge amount of gold, so that when the West finally loses the reserve currency advantage, that they look like prudent countries that should be able to get AAA credit, and have their own currencies ascend to reserve currency status.

Since China, in particular, has made some spectacularly bad financial decisions, their street cred  could use a boost. Russia has oil, but the supply is far from unlimited. They need to "get it while they can", as Janis used to sing. Later their advantage will be climate and land, which will ultimately be quite valuable.

Certainly valid ideas and observations, quite possibly true. Being views that are seen in the mainstream economic and business press leaves me rather doubtful of this line of reasoning, although not dismissing it by any means.

First off, if you think about your statement and just step back and look at it, you are talking about a fairly orderly transformation of the current financial system and its future direction of a much lessened role for the dollar.

That is just not in the cards the way I see it. My honest feeling is the financial system is more likely in for a violent sudden shock and convulsion that will cause instant upheaval and great confusion.

Fiat money will become distrusted.

War threats will deafen the world with fear and apprehension.
 
It will be set off by a violent credit contraction and deflation, or a severe inflation that will leave many unable to afford necessities.

Remember the shock I am predicting is Financial, not so much mad max social at it's inception, just financial fiat disarray of major proportions. It may have begun already.

Another possibility it appears to me is they are preparing for war with the US in the future. The sanctions on Russia and refusal to let China into the SDR game are some of many factors that lead me to believe that first a major currency war, followed by a conventional war, might be in the offing.

Let me remind you that this recent marriage of the Bear and Dragon has given one partner the second largest nuclear arsenal in the world and the other partner the worlds largest standing army, said to be about 10 million compared to the US with less than 200,000.
Don't get me wrong we have the hardware and nuke capability, but things aren't always as simple as they seem.

These are just two views of what is possible in the gold hoarding scheme, there are many others, including recent visits by Saudi Royals to make deals outside of the petro dollar.

The list is quite extensive, my goal is to only point out that your view has too much order and normalcy about it for me to accept it as the only possible take on the situation.

Putin sending troops to Syria is another horror developing that is not seen it's bigger context of proxy war IMO either. That move was made after much discussion with China, I can assure you. Let's not forget as well the Russian Ruble is in free fall and Putin is hurting badly from it, which makes this Syrian escapade all the more important and troubling.

It's a friggin Ball of confusion Eddie.  :icon_scratch:



Offline Eddie

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Re: A Typical MSM Gold Article (That Says Nothing)
« Reply #13 on: September 24, 2015, 02:00:22 PM »
One thing about holding physical. It makes options expiration day a lot less stressful. Nice to forget it exists altogether, as far as I'm concerned.

Great input GO. Thanks for fleshing out the alternative scenarios. I agree its impossible parse out with certainty, but it's nice to brainstorm. You can, to some degree at least, make a preparation. (Not that you can prep for war). A war with China would be fought on our soil, of that I'm sure. And the population would be substantially reduced.
What makes the desert beautiful is that somewhere it hides a well.

Offline g

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Re: A Typical MSM Gold Article (That Says Nothing)
« Reply #14 on: September 24, 2015, 02:22:17 PM »
One thing about holding physical. It makes options expiration day a lot less stressful. Nice to forget it exists altogether, as far as I'm concerned.

Great input GO. Thanks for fleshing out the alternative scenarios. I agree its impossible parse out with certainty, but it's nice to brainstorm. You can, to some degree at least, make a preparation. (Not that you can prep for war). A war with China would be fought on our soil, of that I'm sure. And the population would be substantially reduced.

We could kill 10 million of them and they would grin and say " Thank You" and come at us with 20 million more behind them.

 

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