Heh, I thought the same and look forward to moving from there to the Gold bug crowd ASAP Thanks for the post House, good read.
Hmmm... Thanks for that H. For me there remains some slight hope whilst that mystical term 'breakout channel' still exists, nefarious machiavellian manipulation aside... I also think any reasonably predictable expectations of supply & demand economics guiding direction in PM prices (and the once inconsequential effect of paper contracts when there were proportionally few of those to speak of) went out the window when bank managers became thoroughly unrespectable and lawyers stopped wearing ties. Call me a dinosaur. ps - '08-'09 looks interesting in the current context don't you think?
No argument against Peter Shiff on Gold Manipulation in recent tv interview http://video.cnbc.com/gallery/?video=3000160267&play=1 The question is how much more farting have these interventions got left? When the fed farts they squeeze out Gold Bubbles
Hi there I'm new to the forum. I live in the USA. Been stacking since about 2006. Rumor has it here that since the beginning of the year the price of precious metals has been manipulated by our the big central banks for in order to keep the perceived value of the dollar high. Those same banks are proping up the stock market in the USA. There are some great articles at these two websites: http://www.gata.org/ http://silverdoctors.com/ Pardon me if folks here are aware of these websites. I go to these guys first thing in the morning each trading day. Good Luck Stackers ED
Welcome Stack and Yak, for sure those rumours have been around a while now, along with a few others about the manipulation and big sell offs by the banks to keep prices low. As you will see from the forum, we love our conspiracies.
Thanks for the welcome. I got to say I have been a fan of AC/DC since the mid 80s. I don't think any band has ever been able to rock the whole world like they have. My hats off to them and you folks down under. I think the whole western economic world is at a point where some seemingly minor event could tumble into a major economic disaster. The government here in the USA seems to be totally oblivious to the magnitude of the deficit that they have created and go on business as usual. Currently the Feds are buying up (monetizing) just under 100 billion dollars a month worth of bunk real estate securities and US Treasury Bonds. These newly printed dollars are going to the huge (to big to fail) banks who are buying stocks with loads of fiat money. Hum? Whats wrong with this picture? I wish the FED would loan me a Mil or so. I would buy Silver and Gold!. Sadly this money is not being put where it is needed to grow our economy here. I could yap on more about this but I will spare you folks. I think we are getting close to a time when we need to keep all of our assets as close to home as possible. Just a thought. I feel bad for those many folks in Crete that have lost much. Those in control have showed us what they can do. Nuff said Good Day Friends Ed
Thanks House, you've given me some research to try to rid myself from the hybrid 'momo-but long-term stacker' title to a 'gold bug' by trying to understand charting theory mumbo jumbo.
Thanks House for the visually stimulating graph and, well, "interesting" view on gold. So how big is this MOMO crowd I wonder? For them to have a major impact on prices they would have to be a hell of a lot of them. If banks buying metric tones of gold have not had an effect then it will take a lot of 1 or 2 oz investments to sway the market. My 2 cents anyway.
