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Did you see my market update @ 23:22 on June 24, 2017?? He has a very uncanny knack for timing market turns. Been reading his market letter since 1979. He predicted the deflation in US labor values in 1980. He had everybody invested in PM shares in 1964 BEFORE we were allowed to own gold, when Silver was .92 cents, and gold was $35. Gold Silver shares we were still allowed to own.
We have gone thru many times a Chinese water torture. TPTB have their tit in a ringer and have been winging it for a very long time, trying to prevent a “game from ending” but games ALWAYS end. Game one 1913 to 1934. game two, 1934 to 1971. Game three, 1971 to 1980. Game four, 1980 to the summer of 2008. Most recent game, 2008 to present.
All three asset classes or over valued. Stocks bonds real estate. The ass hole PTB media are constantly crying or admitting concern about “no wage inflation”. That’s their main problem, nation, states towns villages etc. Hooray Toyota.
A. They are shaking the tree to get every last drop of blood before PMS take off as per Mcguires statement that he is sticking his neck out and predicting come July 6 the PMs will start running.
B. They have a complete choke hold on PMs and don’t care now who knows it. As a matter of fact they want this, as it make their job easier as hedge funds piggy back on them and they hope to completely destroy any pm sentiment among investors.
Everything you said makes sense. Just don’t know when or how it ends. I certainly don’t see the incentive for them to stop the game as it has been so profitable for them.
Something big has to break so they have no control. Can’t see what that would be for now anyway.
This is a pretty frustrating performance so far today.
Goldman imo is the Gov’t front man, the buffer. There will be a time when the BOZOS need and want higher Gold. We’ve seen that before. Perhaps to encourage the selling of scrap jewelry, or coins etc when they need supply for delivery for people “WITHDRAWING” gold from the “BANK” COMEX.
When people buy to hold physical gold they are actually making real WITHDRAWALS from the real BANK. COMEX. That what the Feds don’t like, but at the same time, they WANT people to think they can “withdraw” funds at will, just like when you go to a regular bank to withdraw $10,000 for a used Toyota.
They want people to be confident they can get their paper cash anytime they want. Same with gold. Higher gold inhibits withdrawals, encourages deposits of gold. My view.
I bought a small amount April 20. It went way under water, and lately it keeps going up, only 2.8% down and climbing. How much longer and why? Who knows.
If the Dollar is taking a big it, we have to assume that’s what TPTB, (thru Goldman Sachs) is what TPTB want. When the innocent “players” move things in an unapproved direction, they get bashed. Dollar up, all others go down. Dollar down, all others go up. Everything is priced in dollars.
Check up the artificial Dollar abrupt run-up in June 2014. At the same time, look at all the OTHER currencies inverted downward. No way in hell that was the free market innocent players responsible for that.
Primary purpose? Economic stimulation (artificial) (needed inflation) for foreign countries. Prior to 2014 USA was getting that.
At the end of 2016 TPTB started running the Dollar DOWN, to finally help the domestic US economy, and put the OTHERS on hold. Same as 2014 but opposite. USA now needs economic stimulation. US economy is definitely slowing imo.
Bottom line Dollar bulls are being taught a lesson, being punished, like they do to Gold bulls when they want Gold lower. There WERE times that TPTB wanted gold higher. Note it got $1900 in late 2013.
at one point today , my heavily weighted and volatile portfolios were up…wait for this … 0.01% … that is , up one stinking dollar for every $10 000 invested – or should I say speculated in a variety of PM related stocks , ETF’s etc.
One thing I have been noting , is that I often close the day with a gain . By morning , I am back in the red . Rinse , Repeat , day after day .
I have to admit , that overall , I am off my lows , but ‘WAY off my highs of 2016 .
Let Yellen speak. It’s not like the world doesn’t know they’re playing games with other people money never theres. Eventually their mismanagement will fall on the stability of dollar. In the mean time Im warning the young if they do indeed start raising interest rates not just prepare for alternatives like gold but things like CDs and not all in one basket or time zone toward the tipping point lock it in to offset the taxes it will create from all the debt interest they will accrue with no plans to pay it back. They will leave that burden to us.
Geez I don’t know, whatta friggin disaster! Seems like it’s to late to sell now, but maybe it goes to 0 I don’t know. Some of that money they’re raising is going to paying down debt. I guess they have some big payments coming due.
That’s another thing about Calif road rage and bad drivers cutting in front of you without maintaiing speed. You almost have to predict what drivers are gonna do. Years ago there were a lot of weirdos in LA too. Id drive to work from Orange Co to LA in 80 s and get followed by guys usually looked like illegals who I guess like refugees in Europe thought American girls were up for grabs. Id have to ditch them. It was like at least a couple times a week and had to make sure they didn’t follow you home too. Wound up changing jobs to a local one.
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Very Fake News
