Gold: Past, Present, and Future

placidlynx43 said: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.

Look, I get it—manipulation happens everywhere. But saying the cartel is actively crushing silver and gold prices while computers trade stocks via bits and bytes feels a little too much like a cult theory to me. I hold a little silver, but not enough to be anyone special, so I'm not trying to start a fight, but...

Talk about a cult mentality... even the head of the NYSE admits that 80% of all trading is just machines running algorithms.

quiettrucker12 said:We’re looking at two critical levels here. First up, the 10-day moving average sits at 1584. Then there's the June 28th floor at 1547. If that jobs report comes in hot, I doubt the first level will hold. But if things soften and we break that second one? Gold is in serious trouble. Bottom line: staying above 1547 is the goal right now.

That first level is already busted today... if things keep going this way, that second one might go next week!

placidlynx43 said: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.

It would’ve been nice if you mentioned what happened to the dollar on Thursday and Friday (it jumped 2%). Funny how gold dropped 2.5% during those exact two days. So much for "manipulation," or maybe someone is manipulating the dollar just to sink gold 😁.
If the dollar keeps climbing, there's a high chance gold breaks 1547, which would be devastating for the metal. Right now, the odds are at least 50:50. If the dollar loses steam, or if gold manages a quick pivot against the dollar to push past 1642, the outlook changes completely. So, we're looking at $58 from the upper limit and $37 from the bottom. We'll likely have our answers next week.

Treasury yields are cratering. Demand is totally outstripping supply, which just proves once again that the dollar is still seen as the ultimate safety net compared to everything else (not even calling it a 'safe haven' at this point).
Futures are climbing too, and as long as that trend holds, gold is stuck under a bear boot. It’s been hovering in this tight little range for ages, but...

What kind of demand are we talking about? The FED is buying up over 80% of American bonds because NOBODY ELSE IS BUYING THEM.
And nobody even mentions the LIBOR scandal—one of the biggest financial frauds and insider trading schemes in history. What else has to happen before people finally open their eyes and realize the free market hasn't actually existed for years?

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The data is a little dated, but who cares...
As for everything else... we can talk about "fundamentals" until we're blue in the face, but let's get real. Over the last few months, the downward pressure has just been getting heavier and heavier. We're staring down the end of the year, and everyone needs to make sure they've done their homework. All this talk about gold being "undervalued"? It's still just talk. Sure, you can argue that the growth over the last 7 or 8 years has been impressive—I'll give you that—but we all know the truth. Maybe 1% of people caught the early wave, and maybe only 1% actually held on through the whole ride. A massive chunk of people were busy buying right at the absolute peak. You guys can keep holding your gold like "serious investors"... but us dirty speculators? We're moving on to trading.

It’s pretty interesting how we're looking at May data while the Federal Reserve went absolutely overboard with their buying spree in June. 🙂
Just like any other manipulation, this won't last forever; eventually, the fundamentals will take back control.
Go ahead and trade if you want, but trying to play in an environment like this? It’s pure madness. 🙂

We might be looking at a double top forming in the US Dollar.

analogharbor44 said:Where on earth are you getting these wild theories from?

Straight out of my sleeve 😍. Look, the US Dollar is gaining strength, 10-year US Treasuries are sitting at 1.5% right now—and honestly, I wouldn't be surprised if they hit 1.3 before we know it. We'll see how it plays out. In the meantime, I just need to survive yet another pointless European Union summit today 🙂

quiettrucker12 said:We might be looking at a double top forming in the US Dollar.

Look, there are a million different ways this plays out. The whole game is just trying to catch the one move that actually matters. 😉

lonehawk5 said:Treasury yields are cratering. Demand is totally outstripping supply, which just proves once again that the dollar is still seen as the ultimate safety net compared to everything else (not even calling it a 'safe haven' at this point).
Futures are climbing too, and as long as that trend holds, gold is stuck under a bear boot. It’s been hovering in this tight little range for ages, but...

Look, honey, please—get real. It isn't funny to talk about Treasury demand when you consider the whole LIBOR scandal...😍.......until that manipulation of the century is fully exposed, all the MSM have just been droning on about massive demand for Treasuries and this supposed "flight to safety."😂

It seems like everyone has suddenly stopped reporting on how much Japan and China are buying US Treasuries lately. How does that work? 😂

By the way, in my view, the US Dollar Index could potentially slide toward 87-88 before we see a true bull run in gold and silver (and equities, naturally)—meaning the dollar goes down... we'll see if I'm right. If it actually hits 87, I am definitely swapping my holdings into the Euro.

Let people laugh if they want to. They can laugh all they want. But with yields moving like this? Those "golden youth" crowd can kiss any significant long-term rally goodbye.
And as for those scandals... it’s neither the first nor the last one we'll see.
Regarding QE... I'm convinced we aren't seeing any of that this year. Not just because of the election, but because the previous rounds didn't even help employment. Honestly, you could argue unemployment actually went up. Nobody wants to deal with that during an election year.
Anyway, everyone can do whatever they feel like.
I'm still waiting on that $50 silver call from you later this year...😍☕
The only little issue is that I'm not just sitting on a position waiting around... I'm doing things a bit differently. I trade. Most of the group avoids it, but that's just how it has to be... we're not all cut from the same cloth.

"Scandals"? This is, without exaggeration, the biggest financial scam in history. The sad part is that 99.9% of people don't grasp how much money was stolen from them by this "scandal," yet they know every single detail about that crazy Scientologist's divorce.
And you're wrong about QE. Just because the Federal Reserve isn't announcing QE doesn't mean it isn't happening—any time the Federal Reserve "buys" US Treasuries, that's effectively QE. Besides, central banks haven't shown they know how to do anything else besides printing money; they've proven that countless times.
Not only did QE fail to ease the crisis, it actually made things worse, and unemployment in the US remains abnormally high, even if you look at those fairy-tale official statistics.
In a normal market, precious metal prices would be climbing, but here they're being crushed by blatant manipulation while everyone just watches.
But once people finally decide to wake up and realize what an illusion they've been living in, it'll be too late, and everyone will be asking themselves where their money went.

Anthony Evans78 said:"Scandals"? This is, without exaggeration, the biggest financial scam in history. The sad part is that 99.9% of people don't grasp how much money was stolen from them by this "scandal," yet they know every single detail about that crazy Scientologist's divorce.
And you're wrong about QE. Just because the Federal Reserve isn't announcing QE doesn't mean it isn't happening—any time the Federal Reserve "buys" US Treasuries, that's effectively QE. Besides, central banks haven't shown they know how to do anything else besides printing money; they've proven that countless times.
Not only did QE fail to ease the crisis, it actually made things worse, and unemployment in the US remains abnormally high, even if you look at those fairy-tale official statistics.
In a normal market, precious metal prices would be climbing, but here they're being crushed by blatant manipulation while everyone just watches.
But once people finally decide to wake up and realize what an illusion they've been living in, it'll be too late, and everyone will be asking themselves where their money went.

So many people went out and signed for those loans without having the slightest clue what a variable interest rate actually meant—let alone what LIBOR even was. They just blindly signed every single contract put in front of them. 😍
Quantitative Easing is coming—it’s a mathematical certainty at this point—it’s just a matter of when they pull the trigger. And let me tell you, the next round of QE is going to be absolutely massive, totally dwarfing everything we've seen before. I’m personally betting they won't touch it until after the elections, though, mostly because of what lonehawk5 was saying earlier about the timing. But man, once the dust settles on the election? Things could get ugly fast—and yeah, I'm including the potential for things to kick off with Iran or Syria in that mess. Honestly, the only thing keeping the US Dollar afloat right now is the fact that we still have people like van rumpney Baros running around in the background. 😍

lonehawk5 said:Let people laugh if they want to. They can laugh all they want. But with yields moving like this? Those "golden youth" crowd can kiss any significant long-term rally goodbye.
And as for those scandals... it’s neither the first nor the last one we'll see.
Regarding QE... I'm convinced we aren't seeing any of that this year. Not just because of the election, but because the previous rounds didn't even help employment. Honestly, you could argue unemployment actually went up. Nobody wants to deal with that during an election year.
Anyway, everyone can do whatever they feel like.
I'm still waiting on that $50 silver call from you later this year...😍☕
The only little issue is that I'm not just sitting on a position waiting around... I'm doing things a bit differently. I trade. Most of the group avoids it, but that's just how it has to be... we're not all cut from the same cloth.

You aren't wrong... I'm heading to the pool. 😂

Anthony Evans78 said:It’s pretty interesting how we're looking at May data while the Federal Reserve went absolutely overboard with their buying spree in June. 🙂
Just like any other manipulation, this won't last forever; eventually, the fundamentals will take back control.
Go ahead and trade if you want, but trying to play in an environment like this? It’s pure madness. 🙂

Fundamentals vs. evo Morales 😂

http://www.zerohedge.com/news/south-...argest-silver-

Haha, you've got a point there 🙂

Is gold currently undergoing Elliott corrective waves over these last few months? Perhaps it might be wise to ride that C wave once it actually kicks in...

brightviper48 said:Is gold currently undergoing Elliott corrective waves over these last few months? Perhaps it might be wise to ride that C wave once it actually kicks in...

Hey, can I pick your brain for a second about all this Fibonacci stuff and the wave theory you’re talking about? I’m pretty much clueless when it comes to this technical side, but I'm genuinely curious. Like, how many people out there are staring at charts right now thinking exactly what you are? And if a massive crowd of traders uses the exact same tools and lands on the same conclusions, how do you even play that? Do you just go against the grain and trade the opposite of whatever the "consensus" says?😕