Posts by placidlynx43

The cartel just dumped everything into the 6th—gold dropped $20 in five minutes flat, and silver took a hit of over 2%. Honestly, I’m dying to know... what kind of news could possibly be that bearish for gold?

quiettrucker12 said:That sounds great on paper, but you just killed the vibe. 🙄 Personally, I think yesterday's mining stocks signaled a massive pivot. We aren't dropping below $1,526 anymore now that everyone's convinced the floor is set. Those miners made a huge move yesterday. If the IMF holds this trendline today, I'm calling it—we're in.

I'm with you there. But then again, you can never really call it.

dustyheron5 said:Quincy:

crimsonranger38 The user states: Don't you dare count me out. 😍 Gold took another 2% hit today—another sharp move. 😍 Do you actually grasp the context surrounding this correction? 😍 Every time I step into this thread, I get the distinct feeling that I’ve wandered straight into a cult. 😍

As long as deflation remains the dominant theme—metals will continue to slide. There is just one catch—the longer and more brutal this deflationary period lasts, the more massive and devastating the inflation will be when it eventually hits.

I’m noticing that miners are holding their gains even though metals are trading in the red today—which suggests a reversal is imminent.
I fully expect the Federal Reserve and the Federal Reserve System to print another 20 trillion just to stop the entire system from collapsing...
I am genuinely curious to see how this all plays out. 😍Central banks versus the market—it’s the fundamental tug-of-war we're watching right now.

Dan Norcini gives a really fascinating breakdown of what's happening right now in an interview on CNN:
"Hedge funds are battling the Eastern Central Banks which are the physical buyers. The ratio spread trade, where the hedge funds had been buying bullion and shorting the mining shares, it looks like that’s in the process of being reversed. We’ve been seeing a steady improvement in the Gold Mining Index to gold ratio over the last week, where the shares have actually gained ground vs. the bullion. Based on that alone, it tells me the hedge funds had driven the gold shares down to such extreme levels of undervaluation, that there is now a lot of quality buying coming into the gold shares. This has induced hedge funds to begin lifting some of their short side exposure to the shares, and liquidating some of the long side positions in the bullion.
So we are seeing a reversal in that spread trade for the time being. A lot of people don’t understand how highly leveraged these hedge funds are when it comes to their long side equity exposure. As the stock market continues to get pummeled, that leverage is now working against them....
The hedge funds are having to raise cash in an attempt to cover margin calls. So they are trying to liquidate stock holdings and anything else they can to raise cash because they are being squeezed for liquidity to support positions which have moved against them. They are selling paper gold to raise capital because gold is liquid.
Despite the pressure being put on gold in the paper market, it still has not broken down out of the bottom of that range that it’s been in for the last eight months. Gold is near the bottom of that range, but it is seeing some buying down around the $1,530 level again.
This level has been an area where we’ve seen pretty good central bank buying emerge and it looks to me like there is some central bank buying today. It will be interesting to see if it is enough to absorb the selling from the hedge funds if they decide to start pressing even more from the short-side. Hedge funds are battling the Eastern Central Banks which are the physical buyers."

Look, let’s be real—everyone knows the USD is way more reliable than gold. At the end of the day, you've got the full weight of the American government backing the dollar, whereas gold is just... what, 5,000 years of "barbaric tradition" and shiny rocks? 😁

lonehawk5 said:LOL

"Some days around here, you seriously start wondering if the phone lines even work,"🤣😂

Honestly, there isn't a better setup for gold than when everyone else is feeling completely bearish.

Melissa Sanchez17 said:Is this basically your roadmap for where we're headed through the end of 2014 or 2015?

http://www.munknee.com/2012/05/golds...peaks-by-2015/

Personally, I’ve got a feeling this ride lasts a bit longer—maybe through late 2016 or even early 2017. We'll see how it plays out.

quiettrucker12 said:Fitch just downgraded Japan's credit rating, which usually plays well for gold. This is likely just an initial reaction to how the USD is moving. Makes you wonder... is Fitch part of the shady 🙂 Cartel too?

An "evil" cartel? Please. I’m pretty sure everyone sitting at those high-level tables thinks they’re the "good guys" doing what's necessary. As for Fitch—look, they’re obviously deeply tied to a system where governments, central banks, and the "gold cartel" banks hold all the cards. And from where I’m sitting, it definitely doesn't serve their interests to see gold or silver prices go absolutely parabolic.

So, over the last four days, we've been stuck in this specific "2%/1%/Flat/Hard Down" attack pattern—something James McShirley has been calling out. Basically, what he’s saying is that whenever the big players decide they want gold to "exhale," they pull this calculated, capped move: a 2% jump on Thursday, a 1% crawl on Friday, a dead-flat Monday, and then a total Hard Down today.

Anthony Evans78 said:The problem is, most of these ETFs aren't actually backed by physical precious metals. Anyone diving into them without knowing that deserves to lose every single Dollar they put in.

I couldn't agree more.

crimsonranger38 said:Warren Buffett

Let me guess—it's a coordinated strike from both internal and external threats? 😍

Nah. Among gold bugs, "the cartel" is just the standard term for the manipulators. And those manipulators are basically just JPMorgan Chase, HSBC, and to a lesser extent, Goldman Sachs.

analogharbor44 said:After months of getting hammered, gold finally snapped like a coiled spring! Once the Federal Reserve Bank of New York confirmed the "recovery" is officially toast, everyone realized the Fed basically has zero options left besides hitting that print button.

😂

Man, those guys over at Goldman Sachs seriously know how to crack me up.

I bet the cartel's algorithm already figured out a way to cap today's rally at 2%.

It’s the same old story with these cartel manipulation tactics—they’ve got it down to a science. Just today, right around 3:00 AM EST, they "rewarded" us with a massive gold price dump. And the kicker? There isn't a single piece of news out there that justifies anything bearish for gold. It's just more of the same.

Melissa Sanchez17 said:I noticed Palpatine has been making some moves regarding gold lately, so...🙂

It looks to me like the sheer number and volume of retail investors playing the mining stocks is incredibly tiny—and honestly, the sentiment toward miners right now is just overwhelmingly pessimistic. Maybe that’s actually a good thing for them? On the flip side, I don't see much upward movement in those mining indices until gold finally pushes Sinclair's angel past 1764.
But hey, that's just my two cents.
Either way, I've got a feeling we're staring down the barrel of some massive QE3—or whatever fancy name they decide to slap on it this time. This whole crackdown on gold and silver prices feels like they're just clearing the field for it.

Melissa Sanchez17 said:Man, if you wait just a little bit longer, those miners are gonna be handing themselves out for free LOL
The way this is playing out is honestly terrifying

This might be the absolute bottom for gold bugs. I'm hearing from quite a few different sources that "shorts have aggressively covered" over the last couple of days—which basically means the slide could be getting halted and we might actually see some upward movement soon.

rapidsurfer90 said:http://www.zerohedge.com/news/next-stop-dow-100000

...according to Philippe Gijesels—the head of fixed income over at BNP—who thinks we might see the Dow hit 100,000 at some point in the next quarter-century...
...the whole math works out because he’s banking on a steady stream of hyperinflation—specifically, a yearly clip of 12.2%—which, for a nation like the United States, basically invites the H-word to dinner. His other big assumption? We have way too much debt, and the only way out is through inflation. Honestly, he isn't wrong. The catch is that once the Dow climbs to 100,000 solely because of all the money printing, we're going to need scientific notation just to wrap our heads around the cost of any real, hard asset (gold included, obviously)...

it's not even a total stretch.
On the flip side, if you look at ShadowStats, actual inflation is already hovering near 10% right now.
"here is The latest fra John Williams ’ ShadowStats.com.
- Core ‰ CPI-U Inflation Hits Cycle high - april Year-to-Year Inflation Softens
- April Year-to-Year Inflation Softens: 2.3% (CPI-U), 2.4% (CPI-W), 9.9% (SGS)"
So, that 12.2% inflation Gijesels is talking about is probably just the official CPI-U number—which, in reality, could mean we're looking at 40-50% real-world inflation.

Keep an eye on the DJIA today. I’m betting my bottom dollar that PPT won't let things slide more than 1%—they just can't afford it. My guess? We'll see the Dow hit rock bottom within the first 45 minutes, and then, in the final half hour, we're going to see some kind of "Hail Mary" rally orchestrated by PPT to claw those losses back down to a measly 0.5%.

Melissa Sanchez17 said:I read one of his pieces on manipulation a few months back. To be fair, seeing those mathematical formulas the cartel uses felt a little "freaky." But hey, who knows? Maybe he’s onto something.

Honestly, I wouldn't be surprised if Andy is spot on here. Take his take on how the cartel basically "allows" price surges between 10 AM and noon EST about 95% of the time. Just watch gold for ten days and you'll see those predictable "waterfalls" hitting right around 9:00 and 2:20 PM EST. The algorithms are practically identical. Then again, "some people" have already cracked those codes and are busy flipping their paper gains into actual physical bullion.

Melissa Sanchez17 said:Yields tanking below 1.8%

http://www.bloomberg.com/quote/USGG10YR:IND

Some people were out here warning us—saying if things dipped under 1.8%, we’d be looking at absolute chaos. "🤷total meltdown,">>
they called it.

And yeah, dan Norcini was calling this exact thing last week. So, what's the play? Is QE3 about to hit the fan, or are we watching the entire system just... unravel? We're gonna find out real soon.

Melissa Sanchez17 said:Look, I'm not sweating the bull market one bit. As long as the Federal Reserve keeps interest rates pinned down, as long as debt keeps climbing (even if it's slowing, it's still growing), and as long as they keep printing money...
The Euro is basically held together by duct tape at this point—we'll see how it plays out.
QE3 is a mathematical certainty; the only real question is how much it’s going to mess with the upcoming U.S. presidential election.

I'm right there with you on this. It really comes down to what happens in the short and medium term. This one guy, Latvijac—who's a total amateur, by the way—has actually been a killer forecaster (at least up to this point). For instance, he's calling for gold to trade between $1575 and $1765 leading up to the U.S. elections. Then, once the dust settles from the election, he’s predicting a massive surge toward $3000 by January 2013. On top of that, he thinks silver is going to start its big expansion run in the second half of May and hit $70 by year-end. I'm dropping a link to his charts here http://www.tfmetalsreport.com/forum/2814/ivars-charts. The guy's name is Ivars, and honestly, you should definitely check out his charts and dig into his logic/analysis.

quiettrucker12 said:It’ll be interesting to see what happens with mining stocks—specifically whether they can stay north of Hui 393 after Wednesday. If 393 doesn't break, we might see a sudden pivot in the sector.

Personally, I’ve become incredibly pessimistic regarding miners. The cartel has an endless supply of naked shorting at their disposal, and they aren't going to stop until the entire sector is absolutely gutted. Sinclair has pointed out multiple times that only the miners with actual "minable ounces in the ground" are going to survive and grow. I don't know how many of you guys follow Ranting Andy? I started following him just over a year ago, and honestly, I consider him the top authority when it comes to dissecting cartel manipulation. http://blog.milesfranklin.com/catego...andrew-hoffman
Andy breaks down the exact algorithms the cartel uses to rig the game. He was actually the first one to pinpoint those specific windows when the cartel launches its DAILY (Mon-Fri) attacks: 09:00, 14:20, and 18:00. I'm talking Eastern Time, obviously.