Loading ...How do we know that the SM isn’t starting to do a Zimbabwe style ramp in anticipation of severe dollar weakness?
One thing for sure, it can’t catch or hold a bid.
The metal performance is resilient but pathetic, especially with oil, platinum and palladium all higher.
I guess the fact that they are rigging says just how important pm’s are to the financial system. Sadly, pm’s being important doesn’t pay the bills.
A colloquial name given to the Working Group on Financial Markets. The Plunge Protection Team was created to make financial and economic recommendations to various sectors of the economy in times of economic turbulence. The team consists of the Secretary of the Treasury, the Chairman of the Board of Governors of the Federal Reserve, the Chairman of the SEC and the Chairman of the Commodity Futures Trading Commission.
“Plunge Protection Team” was the nickname given to the Working Group by The Washington Post in 1997. The team was initially perceived by some to have been created solely to shore up the markets or even manipulate them. The team was created in response to the 1987 market crash.
KEY PART BELOW
The theory is that the team manipulates markets by executing trades on several exchanges when the market isn’t behaving as it would like. It is said to only work with big banks such as Goldman Sachs and Morgan Stanley, only to report to the President, and to keep no records of trades.
going on with Bit Coins ,its simply following Fibonacci natural Growth patterns.
found in Nature its currently nearing the 50 % support level .Fibonacci was an Italian mathematician that discovered that Natural growth Patterns found in Nature are often repeated from birth till death .included are the Growth of new corporations ,new businesses new industries ,new Paradyms included stock markets .A new stock actually has a Birth Date .The famed W.D.Gann investor was a Master in applying its principals and took 50 millions out of stocks back when 50 million bought something…besides scorn from communists.Bit Coin is a new baby ! watch it grow !The Spiral through the AIR is exemplified by the Conch Shell and mathmatically by Ganns Square if Nine…2.618 …..also the ratio of the distance of a womens belly buttton to her overall height ….hehe very natural and nice to view if you appreciate beauty and mathemetics at the same time…So you see when you are oogling a woman its just math being appreciated.
Obviously ystdy was too dangerous for the SM, a nasty down day…it might become catching, so the scum are hard at it. Looks like they want a 400 plus day in Dow !!!!!
Rumour is, Janet spent the entire night on the dunny, being fed Pepto Bismol through a funnel !!!!!!
…ghettos
why is liberal granolistan becoming america’s poverty capitol?
http://www.latimes.com/opinion/op-ed/la-oe-jackson-california-poverty-20180114-story.html
Shares look decent. NEM pushing positive. They’ve got control of GG but I suppose it was due for a pullback.
USD slowly slipping.
We need to see a pop in the metals though.
The dollar is already 200 of its high…
Some thought that if the Crypto’s crapped, then PM’s would benefit…well reading these comments, I wonder how they cross a road safely…..they won’t buy Gold until it is $ 20,000, at least.
Buygold @ 20:36 on January 16
Well, there IS an unknown to the public, unofficial Fundamental Reason. The invisible behind the scenes global economy control freaks, or central planners, aka TPTB, started LOWERING the dollar, (which raises the Euro) because Europe has been stimulated enough, for now, and the USA economy is ready to slow down.
In June 2014, the same Control Freaks, started RAISING the dollar, (which LOWERS the Euro) because the USA had been stimulated enough by that time, (from 2008) and the EURO economy was hurting and slowing down. Remember the PIGS baloney? Cry babies with a loaf under each arm. Europeans have a very low tolerance for pain.
I am the only financial writer that I know of that believes and reports, TPTB have been for decades, rotating currency values, back and forth to help, or remove help, from various countries. If you have a hunch, and look for evidence, you will find it. Nothing is a coincidence.
Evidence story, parts:
Euro Frustrates ECB Policy Makers as Stimulus Debate Heats Up.
(Bloomberg) — The European Central Bank’s second-highest official waded into the debate over euro-area monetary stimulus after some policy makers expressed concerns over the single currency’s recent gains.
“I am concerned about sudden movements” in the exchange rate “which don’t reflect changes in fundamentals,” Constancio said in an interview with Italy’s La Repubblica newspaper published Wednesday. “Looking at fundamentals, inflation declined slightly in December.”
The euro has risen to the strongest against the dollar in more than three years amid signs that robust economic growth has prompted policy discussions over whether the ECB should tweak its guidance on stimulus.
more:
This picture was posted on IKN. I checked it out and it is true. I got it off GG website and 4th Qtr report.
GG is one of the ‘big boy miners’ and therefore suspect as being no friend of gold. I am shocked that they have even mentioned the possibility of selling production directly using blockchain as it threatens the Commodity Exchanges – a primary source of manipulation.
Wow! Stayed tuned to this subject.
At least Moriarty isn’t calling for $800 dollar gold like Dent is! 🙂
I think Moriarty is also one of the people who deny the rig which taints everything he says about gold and silver. I think he’s better on his stock calls than more general calls … although we have yet to see whether or not this “Pilbara” thing works out.
Moriarty doesn’t exactly give you the warm and fuzzies about pm’s does he “just one more washout” then we’ll finally be ready. A bit like Jim Rogers.
Gotta give him credit for calling the top in Bitcoin though. $9500 now.
Vote! Vote!
What will be gold’s highest price during 2018?
Higher than $1600 (38%, 23 Votes)
$1400 to $1500 (25%, 15 Votes)
$1300 to $1400 (18%, 11 Votes)
$1500 to $1600 (15%, 9 Votes)
$1200 to $1300 (3%, 2 Votes)
Total Voters: 60
Seems like the usual, not sure they’ll let the SM fall today. USD seems stable, no massive short covering.
Course the pm’s doing the usual not hit too hard but SLV is a yo-yo. No traction. The frustrating part is days like yesterday when the USD was hammered and the metals go nowhere.
These are the days when waterfall decline attempts are made.
Bob Moriarty, founder of 321gold, has been adamant about Bitcoin and cryptocurrencies being the biggest bubble we’ve ever seen. He has been incredibly accurate in our recent conversations, calling Bitcoin a bubble that had burst in our last conversation on December 22nd, even offering a prescient quote “the bubble has popped but most people don’t know it yet.” He hasn’t become any more optimistic on cryptos in the last few weeks, in fact he sees a much deeper decline coming and this time Bob offers somewhat surprising advice to investors given his usual bullishness on precious metals.
North And South Korea Agree To Form Joint Team, Will March Together At Olympic Opening Ceremony
Not sure Vix plus 8 % is part of the Rig and the SM is selling off….hmmmm !!
Still PM’s are back in their box, looking nervous, awaiting the clubbing…..but Dollar is also going weaker…
Life not easy for the scum here.
World is back to normal.
I’m sure there’s a perfectly good reason why the SM is up again this am
View the Bitcoin price on a log chart from late 2010 to put this all in perspective. Viewed on such a log chart, $1,000,000 in 2020 is still a continuation of the general trend and the recent drop looks like a blip of static. In 2011 it took a 90% down leg over 6 months.
Genuine quote from a Zerohedge poster
https://www.zerohedge.com/news/2018-01-16/crypto-carnage-continues-ripple-now-down-40-year-date
