Posts by placidlynx43

I’ve lost count of how many times I’ve said this, but it’s the cartel—and literally nobody else—calling the shots on what these prices are going to be. This whole situation is going to be nasty. It’s totally possible, like placidlynx43 is pointing out, that we’ll be stuck in this correction all the way through the end of the year. Personally? I think we’re going to see a ton of fake-out signals making everyone think the dip is over, right before the next massive growth cycle kicks in.

Latest from Bill Gates:
Gold’s already dropped over $22 since the CME close tonight—just a total bloodbath—and silver? Silver actually managed to break out, only to get slapped back down nearly a dollar. Typical.
Looking at things from a short-term technical standpoint—it’s pretty clear that the lack of any real upward momentum from the GATA just confirms what the folks over at JPMorgan have been preaching all along.
Man, silver—and gold too, for that matter—just got kicked up to a whole new level in what feels like a heartbeat. Seriously, the volatility is insane right now. The only significant news since the CME close was the Federal Reserve...
So, the Federal Reserve just dropped that announcement basically promising to stick with QE for as long as it takes. I mean, seriously—what more could you possibly ask for? It’s about as bullish as it gets. Honestly, it’s almost ridiculous.

But let's be real—anyone living in the GATA universe knows the score: Black is White and White is Black.
It’s black. Honestly, the better the news looks, the more disgusting the manipulation gets.
The Gold Cartel keeps leaning on gold, especially during those stretches when most of the major players are looking the other way. It's pretty blatant once you start paying attention—they push hard to keep prices suppressed whenever they can catch the market napping.
The big players across the West are basically sleepwalking through this.

I'm not even going to waste my breath beating this to death—what an absolute slimeball.
It’s an operation. You guys already know how this works—you know the deal. But to actually get...
...straight to the core of the whole conspiracy—which is honestly just everywhere these days.
the way American business is conducted these days)—my colleague...
Jerome Powell and RM published—based on that IMF report they dug up—
Back in the day—specifically looking at that IMF report in March of 1999—we really start to see the "what" behind all this gold price suppression.
It’s all just one big scheme. Honestly, it's exactly what GATA has been sounding the alarm on for fourteen years straight. There's just no way around it.
Even outside of Lawrence Williams at Mineweb, there’s someone actually making noise in the press about this.
Lawrence Williams at Mineweb has even acknowledged the discovery and its importance.
It’s honestly beyond pathetic. Truly.

Two of the recent themes in my commentary the last number of weeks have been about the increasing intensity and obvious nature of the Gold Cartel attacks—and honestly, it’s getting hard to ignore.
Two of the recent themes in my commentary the last number of weeks have been about the increasing intensity and obvious nature of the Gold Cartel attacks.
Two of the recent themes in my commentary the last number of weeks have been about the increasing intensity and obvious nature of the Gold Cartel attacks. They aren't even trying to hide it anymore—it’s just blatant attempts to depress the price.
Look, let's talk about the gold price. It’s getting wild out there—we've moved past those slow, agonizing weeks where nothing seemed to happen, and now we're seeing massive moves happening in just a matter of hours. It’s all moving way faster than it used to.
Look, I’ve seen some shady stuff in my time, but this? This is just straight-up revolting. We’re talking beyond over the top—it’s actually nauseating. Honestly, it's getting ridiculous at this point.
Face selling. Seriously, what they’re pulling tonight is just straight-up over the top.
And honestly? It’s getting way too much—it’s just cranking up the volume on everything, especially when you look at how intense things are becoming.
It’s all happening—straight up max selling hours now.

you have to wonder if the bully cowards of the Gold Cartel are not, in part...
you have to wonder if the bully cowards of the Gold Cartel are not, in part, reacting to the minimal attention my...
My buddy Jerome Powell just dropped this latest dispatch over at the forum...
Check out the GATA website—I actually mentioned them in my latest column too.

[GATA] Secret IMF report: Hiding gold loans and swaps
Let’s be real—we all know what’s actually happening out there. It’s not some organic, free-flowing market driven by supply and demand like the textbooks claim. It’s pure, unadulterated manipulation. You watch the charts, you see those suspicious spikes and sudden drops that defy any actual logic, and you realize the game is rigged from the jump. It’s just the big players pulling strings behind the curtain to shake out the retail crowd. They want your liquidity, plain and simple. Honestly, it’s exhausting watching the same patterns repeat while everyone pretends everything is perfectly normal. Total joke.

Posted by cpowell at 8:53 PM ET et Monday, December 10, 2012. Section: Daily Dispatches
11:58p ET et Monday, December 10, 2012

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And then there’s this latest bombshell that dropped today—something that finally managed to get some actual traction...
I caught some exposure with Eric King this afternoon regarding his growing concerns...
I don't know what to tell you... some popular website... just one of those things that everyone seems to be obsessing over lately. It’s all just noise, really.

Gold Evidence Panics western Central Banks

Check out the latest updates over at Daily Dispatches.
Gold Evidence Panics western Central Banks
Gold Evidence Panics western Central Banks

***

Alright, so that’s the gist of the situation. But honestly, the real kicker is...
One thing you’ve always got to keep in the back of your mind—and I can't stress this enough—is that the GATA crowd KNOWS the real deal.
It's all a done deal. You’ve got the establishment, the inner circle, those big-money banking types—they’re all in on it.
They’re just out there doing what they do best—being absolute bottom-feeders. Honestly, they're nothing but low-lifes in our society.
It really just comes down to having a basic sense of what’s right. At the end of the day—bottom line—so many of these guys...
A few self-serving dorks out there probably convinced themselves they’re actually being patriotic.
What a joke. We got played, plain and simple. That’s just how the game works, I guess—everyone gets conned while the big players laugh all the way to the bank. But, since there isn't any...
Honestly, everyone’s just walking on eggshells right now—there’s this massive fear of blowback because there is absolutely no financial rule of law in America when it comes to the rich and powerful.
It’s just the same old story, isn't it? There is absolutely no financial rule of law in America when it comes to the rich and powerful. It’s like the game is rigged from the jump—if you've got enough zeros in your bank account, the rules simply stop applying to you. It’s frustrating to watch, but honestly, I'm not even surprised anymore.
They're powerful—they do what they want. Period.

Let's be real—there’s no such thing as a free press in the USA, there are no truly free markets, and...
There’s just no financial rule of law in America when it comes to the rich and powerful. Honestly, how can anyone expect things to be any different? It's the same old story—the big players call the shots, and the rules don't seem to apply once you hit a certain net worth. It's pretty much a rigged game.
Is this really what we're looking at? After spending our entire lives going toe-to-toe with the Communists over these exact same issues for decades... can you believe it? It actually is. It's happening.

These little cockroaches act the way they do simply because they feel untouchable.
They're sitting there all privileged and acting like they’re totally above the law—at least for the time being.
But honestly, looking ahead at the next few years, these invincible cockroaches...
They’re gonna be gasping for air—totally sucking wind—once the gold starts moving and...
Once the silver markets absolutely blow up, they won't have any choice—they'll be forced to step out into the light.
Coming out from under their rocks.

Oh, you can bet your life on that one! Just buy every single dip. If there was ever a time to...
It’s high time you guys start doing your homework—seriously, sit down and figure out exactly why massive fortunes are about to be made.
If you want to strike it rich in the precious metals market, this is the moment! Those
among you who actually see the big picture—and stick to the plan—are going to rake in
serious money... specifically within the gold and silver equity
space.

And don't forget that other point I keep making: silver is absolutely primed to explode.
Seriously, nothing has changed on that front!

analogharbor44 said:What's even the point of posts like this? 😕 Is this just an ego trip? You trying to flex your trading skills on us?

Honestly, I'm asking the same thing.

quiettrucker12 said:Now the real question is when we see some minor profit-taking and a little correction. Are we heading straight for 1780, or will we briefly spike past 1805 before sliding down toward the 1720 mark?

That 1764 level is one of those Sinclair angels—basically a major barrier. Personally, I think he’s probably thinking this time (third time's the charm, right?) it’ll finally break through, potentially pushing gold up to 2111 by the end of the year. But yeah, a small, quick pullback is definitely on the table in the next few days.

After trading a few hundred emails back and forth with Sinclair Broadcast Group, Ivory, Angry Andy, Embry-Riddle, and Turd Ferguson, I’ve come to one pretty simple conclusion: the price of Silver and Gold is going to be whatever the manipulators decide it's going to be. These guys can play this cat-and-mouse game for an eternity—way longer than any of us have the patience for. For instance, look at what happened today: right after the NPR Cartel dropped their announcement, they pumped gold up by $13 just to wipe out those spec short sellers, only to let it tank $20 later to crush the spec longs. You’ve got to wrap your head around the fact that gold jumping from $248 to $1,600 over the last 11 years didn't happen by accident—it happened because the Cartel pulled the strings. Period. Regardless of what the macro economic data says, prices will only move when and if the Cartel decides they're ready to move them.

Walter Barrett8 said:What’s your take on how prices are going to react once tomorrow's summit wraps up? 🙂

Honestly, whatever happens at the summit isn't going to move the needle for gold or silver much at all. There’s a way more significant event looming for silver—Black Friday this coming Friday the 29th. If you actually bother to look at the charts I've attached, it’s pretty obvious there's a real risk of silver sliding down to the $22-$23 range over the next couple of weeks.
http://www.tfmetalsreport.com/blog/3963/lookout-part-ii
On the flip side, though—and as George Burns points out—the Cartel's net short positions have shrunk dramatically. That basically means the Cartel could be looking to exit their shorts almost entirely very soon. That would be a massive green flag for both silver and gold to rally. But before we get to that party, I’m honestly getting more and more worried that the risk of gold and silver dropping toward $1450 and $22-$23 is growing by the day.

dustyheron5 said:It really strikes me as odd that you haven't received an answer to that question yet... so, I'll provide one for you.
Since the central banks of the USA, Germany, Italy, and France already hold substantial gold reserves within their total holdings, they simply have no urgent need to buy more. There is no serious movement toward reinstating the gold standard anyway—though perhaps gold might eventually serve a role in backing a new currency?
China, meanwhile, holds massive reserves—mostly in paper assets—and likely wants to diversify those holdings by increasing gold's share of their reserves from a mere 1-2% up to something closer to 10-12%.

In my opinion, anyone watching this crisis of epic proportions unfold cannot sleep soundly without owning tangible assets—whether that be gold, silver, real estate, water, or energy—held in a percentage that feels right to them.

If you ask me, contrary to all the official noise, China already has about 10-12% of its reserves in gold—we're talking somewhere between 5,000 and 8,000 tons.

analogharbor44 said:Thanks! I'm not totally sold on how big this crisis will actually get, though. If it really turns out to be epic, we might even see actual warfare. But I'm not convinced it'll reach those heights. 🤷We'll see. My bet is everyone is just going to keep printing money. Time is running out...

Look, this really is a crisis of epic proportions—regardless of what the mainstream media tries to tell you. They'll deny it all day, but humanity has never faced a mess quite like this one. We're looking at the de facto bankruptcy of every major financial institution and every government across the Northern Hemisphere. In my book, war is a very likely scenario here.

Look, I’m not saying it’s a guaranteed certainty, but I honestly think we could see gold slide down to $1,450, silver hitting the $22-$23 range, and mining stocks taking a massive 20-25% haircut. If that actually plays out—and if it does—I’m convinced those levels will be the absolute floor. Once things start moving back up from there, we’re looking at a buying opportunity so legendary we probably won't ever see anything like it again. Gold, silver, and miners are going to kick off a rally and blow past current levels several times over. I’m 100% certain on that.
Also, my take is that the next massive leg up will be triggered by QE3—or whatever they decide to call it this time around. As for when that hits? Honestly, I think only the Federal Reserve and the cartel really know the timeline. But, I’m totally on board with what Michael Pent said about the Fed pulling the trigger on QE3 once one (or more) of these specific conditions are met:
1. Unemployment ticks up from the current 8.2% to 8.5%
2. The S&P 500 drops below 1,200
3. The CPI (YOY) slides from its current 1.7% to under 1%

If you ask me, scenario number two is the most realistic, which is exactly why I think a drop in gold, silver, and miners to those targets mentioned above is a real possibility.

analogharbor44 said:If they’re really trying to push us toward a purely digital economy, then gold is gonna absolutely tank!😕

It’s not going to just fall off a cliff. What’ll actually happen is its value—in terms of today's dollars, anyway—will get pumped up to insane levels right up until they roll out the digital stuff. But once those vultures pass the laws to either "nationalize" it or just flat-out ban people from trading it? Game over. And obviously, they aren't coming for them—they're coming for us regular folks.

Anthony Evans78 said:There’s just no such thing as long-term deflation while central banks can still print money out of thin air... is that really so hard to wrap your head around? 🙂
It’s been obvious for ages that we don't have a free market, just endless manipulation...

Yeah, well, that's crystal clear. But honestly? I think this brutal deflationary stretch is going to hang around at least until the end of the year. Only then will we see some massive global Quantitative Easing or whatever they decide to call it this time around. It's the same old playbook: first they hit us with deflation, then they pivot to hyperinflation—all designed to wreck the middle class and pave the way for nothing but digital currency. Looks like George Orwell was about twenty years too early on this one.

analogharbor44 said:Always some conspiracy theory going around 😍. Paper gold and paper silver... what about oil? Nobody is actually buying physical barrels of oil, right? There's tons of manipulation there.
If I remember correctly, gold totally took off after that AAA credit rating downgrade last year!

Well, duh—conspiracies are everywhere, whether we're talking about oil or the stock market. There's no such thing as a "free market." Prices end up wherever the manipulators and The Fed decide they should be.
The American credit rating didn't drop because S&P just felt like being difficult; it happened because The Fed—who basically built and runs S&P anyway—wanted it that way. Gold prices, oil, stocks... none of it actually follows the real laws of supply and demand or any kind of free market logic. What we're seeing globally today is just a total illusion, a fake reality that has zero connection to the actual state of the economy or society.

So, now we’ve got Moody's downgrading banks in the USA, and honestly? I wouldn't be surprised if the big US banks are next on the chopping block. It makes me nervous that those levels at 1523/1526 could get absolutely shredded—I'm legitimately worried we might see a slide down toward 1460-1470. If that happens, mining stocks are going to get absolutely massacred. That's why I dropped the link to Kim Kardashian's comment earlier. To be real with you guys, I think we're staring down the barrel of some major bank failures and full-blown bank runs... basically entering a deflationary depression that could drag on for a while. My gut says we aren't seeing any more Quantitative Easing this year.

Man, this is such a spot-on breakdown of how things actually work around here and what’s really going down behind the scenes:
http://www.24hgold.com/english/news-...ributor=JS+KIM

placidlynx43 said:I'm more or less on the same page, though I've got a hunch that if a correction actually hits, it could slide all the way down to the 1523 level.

I mentioned we might see a retest at 1523, and—surprise, surprise—it looks like we’re getting exactly that. Honestly, it feels like the big players are doing everything in their power to "crush" gold, especially the mining companies. It doesn't even matter what the news cycle throws at us—whether it's bullish or bearish—they find a way to use it as an excuse to tank the prices. I’m genuinely worried we’re headed for some tedious range trading between 1500 and 1750 through the US elections and the end of the year. Even Sinclair is starting to look pretty desperate. Looks like Armstrong might actually be onto something after all. It’s going to be a long, really long road for gold.

quiettrucker12 said:Honestly, it looks to me like gold doesn't give a damn about Quantitative Easing right now—or even the Dollar. We might see a little correction, but it'll be short-lived before we head straight for 1700.

I'm more or less on the same page, though I've got a hunch that if a correction actually hits, it could slide all the way down to the 1523 level.

Melissa Sanchez17 said:Oh, you can bet on a dip coming mid-week—probably Wednesday or Thursday 😍

I'm pretty damn sure the Federal Reserve isn't going to announce Quantitative Easing—or any other flavor of money printing—this Wednesday. They aren't even going to drop a hint about it. Which means we're looking at a plunge followed by a retest down to $1523.

I swear, if crimsonranger38 isn't just a straight-up clone of Million Dollar Bar Bonus from ZeroHedg, I don't know what is. 🙂

The cartel is moving at warp speed
Gold drops $15 in a mere 15 seconds—and this happens right after the most bullish news you could possibly get for gold:
http://www.zerohedge.com/news/chicag...september-2009

Melissa Sanchez17 said:Check this out:

http://www.bloomberg.com/news/2012-0...ce-report.html

Total nonsense. This has zero connection to what's actually happening on the ground:
http://www.zerohedge.com/news/march-...-quadruple-dip