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Dr.Who

4,679 Posts.

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17/02/19

20:46

Post #: 37464513
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Originally posted by slange: ↑

The Fed unleashed a massive coordinated bombing campaign in early April last year to prevent a breakout above the 1375 level.
That campaign lasted until August when gold rejected its artificialness.
Since then a rear guard action has been present which is now beginning to struggle as the US economy begins to struggle along with the rest of the globe.
Big money is beginning to understand that the problems facing the debt level and the political chaos are quite simply not going to be overcome.
When you consider that gold is in direct competition with the paper that central banks print meaning that if gold rises then confidence in the paper producers falls, then it ain't rocket science to consider that gold is a seriously manipulated entity.
The most glaring example of central bank manipulation can be seen when Brown of the English central bank in July 1999 PRE-ANNOUNCED the sale of half of the countries gold (400 tonnes) to drive down the price of gold to help bail out a US investment bank which had decided to continue and build on a mindless short position.
The saps, wherever and who ever they are who believe that gold is not manipulated are either connected to the system controllers or are completely mindlessly naive fools as to be not taken seriously.

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That is an outstanding example of goldbuggery. Congratulations slange, you have surpassed all previous dreamy naive claptrap.

Fed 'bombing raids' and US economy struggling. The shear audacity is astounding!

Gold is not far off its limit for now - trading range at best and it is close to the higher part of that range.

Last edited by Dr.Who: 17/02/19
3 Upvote

0 Great analysis

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