Yeah, unemployment would be north of 22% if they measured it the way they did twenty years ago instead of using the current BLS methods. Did you know their model ignores "discouraged workers"—the people who just gave up looking for work and get wiped from the stats entirely? Check out shadowstats.com if you want a real look at how disastrous the US economy actually is. The NYSE is losing its mind because the Federal Reserve keeps printing dollars relentlessly, pumping all that newly minted cash into stocks and inflating a massive bubble. No real capital is fleeing into precious metals yet. Real money hasn't even entered the fray, but once it does, we’re going to see prices skyrocket and a massive shortage of physical metals. For the billionth time, gold can only go up in an environment like this—zero interest rates, a shrinking economy, absurd amounts of dollar and fiat printing, rising unemployment, a dead housing market, bank insolvencies, and a world drowning in debt, from the average citizen to local governments and sovereign nations. But since we aren't living in a free market, but rather one of constant intervention, we get nonsense like Alice in Wonderland, where the Federal Reserve announces a $500 billion injection and gold somehow drops by $70. It’s hilarious that you’re labeling me as having a certain "mindset" just because I believe gold can only move higher. You clearly don't see the largest bubble in history—US government bonds—on the verge of bursting. When that bubble pops, the value of all those papers will plummet to zero. Unlike physical gold. Even if gold's price dips temporarily, its purchasing power will still dwarf everything else.
What kind of capital flight from precious metals are you talking about? You honestly think someone just dumped their gold and silver and caused this crash? What universe are you living in? 🙂 It’s mind-blowing to me that precious metal prices are dropping while Bernanke claims interest rates will stay at zero through the end of 2014. Everything else he said was either a lie or pure nonsense. The stock market rally, the frantic movement... it's just sheep running from one side of the field to the other. This hasn't made any sense for a long time. Stocks are only climbing because of the endless free money being pumped in by the Federal Reserve. Since when does a market where Apple makes up 75% of the NASDAQ and outweighs the entire retail sector even make sense? They talk about a recovery, yet food stamp usage is at an all-time high, real unemployment is north of 22%, and the housing market is dead.
Of course the paperwork and the actual assets are going to split; it’s inevitable. Just like any other pyramid scheme, this one is bound to collapse eventually.
quiettrucker12, you're right—silver has been a much better play than gold for a while now. I wouldn't go as far as saying we've hit the second phase, though. In the US, we're barely even scratching the surface of the first. 🙂 If what Ned Naylora Lelanda and Andrew McGuirea are saying is true about a new exchange opening up in the Far East to trade physical silver, then things are about to get volatile. We should probably be ready for anything.
Just buy the physical assets and stop overthinking it. If you spend all your time waiting for some perfect dip or market correction, you're never going to pull the trigger. I’ve seen plenty of people sitting on the sidelines waiting for a drop from $1,100 that never actually happened. 🙂
Conspiracy theories? Please. These are just facts. 🙂 If you haven't realized it yet, the entire history of humanity is nothing more than a series of conspiracies. ☕
quiettrucker12, maybe think twice before making such sweeping generalizations 🙂 Price manipulation isn't some recent trend from the last three years; it’s been going on for nearly two decades. If you’d look past the charts and actually read the analysis on ZeroHedge or other alternative news sites, you'd realize what's happening. Without all that meddling, silver would probably be sitting at $200 by now, and gold would be north of $5000.
How are they supposed to crush him? By dumping another 250 quadrillion in shorts? 🙂 Even if they go all in, some whale will just swoop in with a massive long position and wipe out all their hard work in a heartbeat. 🙂 And how do they plan on covering those shorts anyway? The Federal Reserve will just step in and bail them out by printing more Monopoly money, which only speeds up the dollar's inevitable collapse... Real assets... you know... the REAL stuff... we aren't just talking about hitting the Moon, this thing is headed straight for Pluto.
If you actually pay attention and think about it, it’s pretty obvious why silver dropped ten percent while Ben Bernanke was standing there facing Ron Paul, who was busy tearing him apart like a rookie:
quiettrucker12 said:It doesn't matter who was dumping; the reality is that the USD spiked when it should have tanked. If the dollar had dipped just a tiny bit more, gold would’ve smashed through 1805. One big reason it didn't was this sudden surge in the USD—just look at the charts I posted. Why would anyone call the selling "manipulation"? It’s basic math. The dollar strengthened out of nowhere, triggered a panic sell-off, and that's what drove prices down (and dragged physical value down against the USD along with it). It’s simple. Just look at the graphs.
Gold is officially in a bull market. It’s outperforming everything—real estate, BMWs, yachts, groceries, the Swiss Franc, the USD, the Euro... you name it. That doesn't mean it’s on a constant upward trajectory. A perfect example is the correction we just crawled out of—unless that 1520 floor actually holds during this slide. If things don't miraculously bounce back right now, we're likely looking at a slump that drags on through April.
There’s always some fresh excuse to justify the manipulation. Now they’re pointing the finger at the Federal Reserve. Then it's the big banks. It never ends.
What about just some healthy corrections during a bull market?
We haven't hit mania yet. For now, we're in a secular bull market driven by emotion, but it's really about the currencies—we haven't even touched bonds yet. That doesn't mean a mania phase won't arrive, though. When it does, a lot of other assets will look ridiculously cheap as capital starts rotating into them.
Unbelievable... tell me you're joking. So you’re telling me it doesn't matter that bots are calling the shots here—moving 250 million ounces in just thirty minutes? How can you look at that and not see it as blatant manipulation, or even just straight-up theft through naked shorting?
quiettrucker12 said:It doesn't matter who was dumping; the reality is that the USD spiked when it should have tanked. If the dollar had dipped just a tiny bit more, gold would’ve smashed through 1805. One big reason it didn't was this sudden surge in the USD—just look at the charts I posted. Why would anyone call the selling "manipulation"? It’s basic math. The dollar strengthened out of nowhere, triggered a panic sell-off, and that's what drove prices down (and dragged physical value down against the USD along with it). It’s simple. Just look at the graphs.
Gold is officially in a bull market. It’s outperforming everything—real estate, BMWs, yachts, groceries, the Swiss Franc, the USD, the Euro... you name it. That doesn't mean it’s on a constant upward trajectory. A perfect example is the correction we just crawled out of—unless that 1520 floor actually holds during this slide. If things don't miraculously bounce back right now, we're likely looking at a slump that drags on through April.
There’s always some fresh excuse to justify the manipulation. Now they’re pointing the finger at the Federal Reserve. Then it's the big banks. It never ends.
What about just some healthy corrections during a bull market?
We haven't hit mania yet. For now, we're in a secular bull market driven by emotion, but it's really about the currencies—we haven't even touched bonds yet. That doesn't mean a mania phase won't arrive, though. When it does, a lot of other assets will look ridiculously cheap as capital starts rotating into them.
It’s all the same old story. Your problem is that you either don't see them, or you just don't want to.
quiettrucker12 said:Gold took a massive $100 hit yesterday—a total panic sell. Let’s get one thing straight: gold doesn't just go up forever. That "permabull" mindset is nonsense. It honestly baffles me that people are still pushing that narrative right after we just crawled out of a major correction where everyone saw firsthand that gold isn't some magic money printer.
I partially agree with you there. I always try to make a distinction between the DXY and the actual absolute strength of the USD. That said, let’s be real: the DXY is still an incredible tool for gauging gold price movements. Just look at yesterday's chart and what I posted—it’s pretty obvious why gold tanked so hard. You can't just ignore the correlation between yesterday's DXY move and gold. If you were trading this in real time, you'd know exactly what I'm talking about. If not, just look at the graph.
We can talk about manipulation in currency first, then move to the stock market, and finally get to silver. If silver had tanked yesterday while gold stayed flat, that would be weird. But when gold drops by $100—that’s 5%—it isn't strange at all if silver takes a 15% hit. In fact, it's totally normal. Is there any scenario where gold or silver drops that isn't "manipulation" according to the permabulls? I’ve heard this exact same argument from countless people, over and over again, in the same tired format. Honestly, none of it helps me, and I don't gain anything from it. I don't even care to hear it as an excuse.
You’re asking me if I realize gold is in a bull market? I’ve already said it dozens of times. A currency war is happening; nobody is debating that. My only goal here is to outperform a basic buy-and-hold strategy by playing the bull market—not by passing the buck to someone else, but by timing entries to dodge the drawdowns. Don't get me wrong, I have zero issue with buy-and-hold; I've mentioned before that silver is a massive buying opportunity right now.
Computers were dumping paper gold while people were holding onto their physical bullion. That’s the whole point. If you don't see that as manipulation, I honestly don't know how else to explain it to you. Is it even possible for gold not to skyrocket right now? How can it stay anything else when they’re printing up insane amounts of digital paper out of thin air?
quiettrucker12 said:Gold took a massive $100 hit yesterday—a total panic sell. Let’s get one thing straight: gold doesn't just go up forever. That "permabull" mindset is nonsense. It honestly baffles me that people are still pushing that narrative right after we just crawled out of a major correction where everyone saw firsthand that gold isn't some magic money printer.
I partially agree with you there. I always try to make a distinction between the DXY and the actual absolute strength of the USD. That said, let’s be real: the DXY is still an incredible tool for gauging gold price movements. Just look at yesterday's chart and what I posted—it’s pretty obvious why gold tanked so hard. You can't just ignore the correlation between yesterday's DXY move and gold. If you were trading this in real time, you'd know exactly what I'm talking about. If not, just look at the graph.
We can talk about manipulation in currency first, then move to the stock market, and finally get to silver. If silver had tanked yesterday while gold stayed flat, that would be weird. But when gold drops by $100—that’s 5%—it isn't strange at all if silver takes a 15% hit. In fact, it's totally normal. Is there any scenario where gold or silver drops that isn't "manipulation" according to the permabulls? I’ve heard this exact same argument from countless people, over and over again, in the same tired format. Honestly, none of it helps me, and I don't gain anything from it. I don't even care to hear it as an excuse.
You’re asking me if I realize gold is in a bull market? I’ve already said it dozens of times. A currency war is happening; nobody is debating that. My only goal here is to outperform a basic buy-and-hold strategy by playing the bull market—not by passing the buck to someone else, but by timing entries to dodge the drawdowns. Don't get me wrong, I have zero issue with buy-and-hold; I've mentioned before that silver is a massive buying opportunity right now.
The DXY is nothing more than a scrap of paper used to track fiat junk; it’s useless for actually pricing gold. Gold dropped because they needed a smokescreen for one of the massive rounds of QE we've ever seen—that $700 billion injection from the Federal Reserve. That’s why Ben claimed there were some "positive shifts" in the US housing market and insisted there was no need for more QE. Naturally, the HFT bots lost their minds and hammered the price down. It's not just that things aren't improving; the US housing market is looking worse than ever. If you actually bother to look at the M2 money supply and the Fed's balance sheet, it’s obvious they're lying about QE. And how exactly does gold drop by $100 or €70 when $700 billion is being conjured out of thin air? In any sane world, that wouldn't happen, but I guess we're living in Wonderland now.
quiettrucker12 said:Gold took a massive $100 hit yesterday—a total panic sell. Let’s get one thing straight: gold doesn't just go up forever. That "permabull" mindset is nonsense. It honestly baffles me that people are still pushing that narrative right after we just crawled out of a major correction where everyone saw firsthand that gold isn't some magic money printer.
I partially agree with you there. I always try to make a distinction between the DXY and the actual absolute strength of the USD. That said, let’s be real: the DXY is still an incredible tool for gauging gold price movements. Just look at yesterday's chart and what I posted—it’s pretty obvious why gold tanked so hard. You can't just ignore the correlation between yesterday's DXY move and gold. If you were trading this in real time, you'd know exactly what I'm talking about. If not, just look at the graph.
We can talk about manipulation in currency first, then move to the stock market, and finally get to silver. If silver had tanked yesterday while gold stayed flat, that would be weird. But when gold drops by $100—that’s 5%—it isn't strange at all if silver takes a 15% hit. In fact, it's totally normal. Is there any scenario where gold or silver drops that isn't "manipulation" according to the permabulls? I’ve heard this exact same argument from countless people, over and over again, in the same tired format. Honestly, none of it helps me, and I don't gain anything from it. I don't even care to hear it as an excuse.
You’re asking me if I realize gold is in a bull market? I’ve already said it dozens of times. A currency war is happening; nobody is debating that. My only goal here is to outperform a basic buy-and-hold strategy by playing the bull market—not by passing the buck to someone else, but by timing entries to dodge the drawdowns. Don't get me wrong, I have zero issue with buy-and-hold; I've mentioned before that silver is a massive buying opportunity right now.
There are actually ways to drive gold and silver prices down. It would take things like falling unemployment, fixing the debt crisis, or finally liquidating those insolvent banks instead of bailing them out. You’d also need interest rate hikes, actual GDP growth, fewer people relying on welfare, cracking down on white-collar criminals, and—most importantly—the Fed finally stopping the money printing.
quiettrucker12 said:Gold took a massive $100 hit yesterday—a total panic sell. Let’s get one thing straight: gold doesn't just go up forever. That "permabull" mindset is nonsense. It honestly baffles me that people are still pushing that narrative right after we just crawled out of a major correction where everyone saw firsthand that gold isn't some magic money printer.
I partially agree with you there. I always try to make a distinction between the DXY and the actual absolute strength of the USD. That said, let’s be real: the DXY is still an incredible tool for gauging gold price movements. Just look at yesterday's chart and what I posted—it’s pretty obvious why gold tanked so hard. You can't just ignore the correlation between yesterday's DXY move and gold. If you were trading this in real time, you'd know exactly what I'm talking about. If not, just look at the graph.
We can talk about manipulation in currency first, then move to the stock market, and finally get to silver. If silver had tanked yesterday while gold stayed flat, that would be weird. But when gold drops by $100—that’s 5%—it isn't strange at all if silver takes a 15% hit. In fact, it's totally normal. Is there any scenario where gold or silver drops that isn't "manipulation" according to the permabulls? I’ve heard this exact same argument from countless people, over and over again, in the same tired format. Honestly, none of it helps me, and I don't gain anything from it. I don't even care to hear it as an excuse.
You’re asking me if I realize gold is in a bull market? I’ve already said it dozens of times. A currency war is happening; nobody is debating that. My only goal here is to outperform a basic buy-and-hold strategy by playing the bull market—not by passing the buck to someone else, but by timing entries to dodge the drawdowns. Don't get me wrong, I have zero issue with buy-and-hold; I've mentioned before that silver is a massive buying opportunity right now.
Gold hasn't climbed over the last 12 years because people suddenly developed a passion for bullion. It's climbing because the bubble in fiat currencies and government bonds is inflating. Gold is just the indicator for the biggest bubble in human history.
EDIT: Forgot to mention that yesterday was the first delivery day on COMEX... what a coincidence. Just so we're clear on the difference between the paper world and reality: http://www.mineweb.com/mineweb/view/...ail&pid=102055
quiettrucker12, can you try once more to grasp my point about how most "trading" is just bots and computers running the show? 🙂 No human being "panic sold gold." Even Mad Ben wouldn't dump it in an environment where gold is actually gaining value. So, what exactly is driving the "rise" of the USD? Is it because we've printed 16 trillion of the same stuff over the last three years? Is the US economy recovering? Is unemployment dropping? Is the housing market bouncing back? Of course not. None of that is true, so there's no such thing as a "strengthening" dollar. It’s funny watching silver climb because actual PEOPLE are buying physical silver. Demand is massive, which stands in stark contrast to the millions of paper short positions JPMorgan Chase and the rest of the banking scum use to suppress prices. It's blatant manipulation, though I suppose it's only obvious if you aren't blind. Unlike the paper market, everything in the real, physical market suggests gold and silver can only go up. But since the virtual and physical worlds are two different universes, perception is everything. The USD can only rise against other currencies, and even then, it's short-term. In this freefall, fiat is really just a question of which currency hits zero first. You're right, gold prices are tied to the USD. Actually, it's the other way around: the value of the USD is tied to gold. 🙂 The DXY? What kind of nonsense is that? It's just the "value" of the USD relative to other fiat currencies, nothing more. And those charts you posted cover a mere five days. I get that in your trading world, that feels like an eternity, but take a look at this:
$770 billion pumped into the system... and gold still drops $100. Then Ben Bernanke claims the housing market is finally stabilizing, which triggers all those algorithms. What kind of farce is this "market" anyway?
It’s pretty obvious by now that technical analysis is basically useless. Last night wasn't some market crash; it was just another classic bank-driven squeeze to cover shorts, something we've seen at least five times this past year. This had nothing to do with actual supply or demand... why is everyone panicking? It's just bots and HFT algorithms doing what they do.