Cartel dumps 225 million ounces of paper Silver in 30 minutes as Gold & Silver raided
http://silverdoctors.blogspot.com.au/2012/02/cartel-dumps-225-million-ounces-of.html
We reported a few minutes ago on the gold & silver raid in progress.
The cartel raids have now smashed gold over $82 from $1788 to $1706, and silver close to $4 (10%!!) from $37.62 to $33.68. Also notice the classic mini-parabolic moves to the upside immediately prior to the raid- absolutely CLASSIC CARTEL ACTION!
The raid began at exactly at 10:00am EST coinciding with the Fed’s release of its monetary policy statement to the House Financial Services Committee.
As mentioned above, notice the mini-parabolic up-move in silver immediately prior to massive raid to draw in new suckers (longs) to add firepower to the smash as they are forced to puke their positions moments later as stop-losses are taken out.
Now we know why the cartel stepped back and allowed gold and silver to run higher through significant resistance points over the past 3 days- they have been waiting to coincide their smash with the release of the Fed’s policy statement, in a weak attempt to use the Fed statement as cover for their massive raid and paper manipulation of the gold and silver market.
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wow..thats a dump..to buy more i would suggest..dont be fooled..be aware that silver and gold are heavily manipulated..you can win big in the war..but watch out for the battles..they can hurt..
401
February 23, 2012
Jim Sinclair – 1980 Was a Warmup, Gold to Range $400 a Day
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/2/23_Jim_Sinclair_-_1980_Was_a_Warmup,_Gold_to_Range_$400_a_Day.html
February 29, 2012, at 11:01 am
Today’s Window Dressing Fall In Gold
by Jim Sinclair in the category General Editorial | Print This Post | Email This Post
My Dear Friends,
Please do not be bothered by today’s intervention. The following news is what creates the absolute need for QE.
It is the thesis of my Formula of 2006 of no major recovery that gives the foundation to my thesis of QE to Infinity.
Treasury Yield Descending Signals Slowdown
By John Detrixhe and Daniel Kruger – Feb 29, 2012 8:55 AM MT
The $10 trillion market for US Treasuries is signaling that the economic recovery may be poised to weaken even as consumer confidence rises toward pre-recession levels.
Yields (USGG10YR) on 10-year Treasury notes, the benchmark for everything from mortgage rates to corporate bonds, fell as low as 1.89 percent yesterday, down from this year’s high of 2.09 percent on Jan. 23, according to data compiled by Bloomberg. The yield averaged 2.76 percent in 2011 and 3.19 percent in 2010.
More…
As an example, there was additional confirming news today concerning QE, if you follow the money, financed by swaps emanating from the US Fed.
Swaps are short term in nature but can be extended at each due date to infinity. Never let the word Federal Reserve Swap fool you.
This day’s fall in gold is pure window dressing. Do not be concerned.
Respectfully,
Jim
http://www.jsmineset.com/2012/02/29/todays-window-dressing-fall-in-gold/
cheers rev..
& as always *unrespectfully* yours has a comment…lollll….we always knew this would come…I actually am awaiting an even bigger dump at some point…but then when you bought silver at 9 and gold at 900 one isn’t worried to much…the point is to get ahead of the trends and news and as soon as it becomes popular u *STOP* buying…
~with love and hoping that everyone gets a cpl yrs ahead of the trends…
~jude~♥
silver at 9 well done jude..when i first started trading gold was 350..i wasnt wise like I am now..wish i was
What happened yesterday to the price of gold while Bernanke testified before Congress is similar to what happened when he assumed the position of Fed Chairman in 2006.
As a newbie he tested his ability to rock the market using his mouth with assistance from CNBC’s Maria Bartiromo driving the price of gold from $660.00 to $725.00 then back to $660.00 in May 2006. It was then I decided to focus on the gold market.
Bernanke slips on Bartiromo peel
Fallout uncertain on off-the-cuff interview as confusion reigns
http://articles.marketwatch.com/2006-05-02/news/30734942_1_economists-and-fed-watchers-maria-bartiromo-fed-chairman
Bernanke Admits Error was Made
A Lapse of Judgement
Read more at Suite101: Bernanke Admits Error was Made: A Lapse of Judgement | Suite101.com http://kirk-lindstrom.suite101.com/bernanke-admits-error-was-made-a2324#ixzz1nrt5io1N
Apologies for belaboring a point but if you want to learn to ride a bike, talk to Lance Armstrong.
If you want to know about gold and financial markets LISTEN to Jim Sinclair’s interview. If you are in gold or silver and willing to ride this out, you are prepared to be an astronaut.
Let’s find the $7.12 Billion …
Today was a Cover-Up By the Fed & Mainstream Media
http://www.jsmineset.com/2012/02/29/today-was-a-cover-up-by-the-fed-mainstream-media/
thanks rev
Correction: Let’s find the $700.12 Billion
i’m still in the deflation camp… gold to 1400 and eventually sub-1000, perhaps even 400. i bought at 285.
liquidity is the name of the name of the game, and you can’t buy anything with gold (except may be a lilttle iranian oil lol). if/when stocks tank, gold reserves will be liquidated to cover margin calls.
and if i’m wrong and gold goes to 30000+, well i’m fine with 100x gains …
you really think back to that low xxx?..its an interesting theory..if dow tanks the usd rises and gold does dip..thats a true..buying at 285 you cant lose
I don’t think with every country in the world trying to grab up all the gold that they can that #ONE…Bernake can shake the markets but he does NOT own them…#TWO… the elite are scared…read the history of Argentina and what happened when the government actually ran out of paper to print more $$$…lolll…prices were changing so hard and fast in one day eggs would go from 10 cents…to a dollar or more in a day…
I had to look at historical records to see when I bought gold as I made the mistake of buying coins…But they were buffalo 1 oz 99.9 % pure so gold was actually running about 5-600…I’ve learned since that escpecially now while it might be wise to have gold/silver to trade for things one doesn’t want to pay the inflated price of collectable graded coins…after all they are not going to be brought out to be admired but rather they will be a source to help survive…the whole world can not be wrong about the metals use in exchange for anything in desperate times…just like FOOD,WATER,CIGARRETS,LIQUOR,MEDICINE,SOAP,CANDLES,etc…
The one commodity in the history of tracking that has not gone down but contiues to rise every year but one IS…drum rolllll…….
*Food*….
Trade the pork bellys heh.
I know what you mean. Same for water now to.
If Gold is to be the worlds currency it has to go to $12,455 per ounce
http://seeker401.wordpress.com/2012/01/11/if-gold-is-to-be-the-worlds-currency-it-has-to-go-to-12455-per-ounce/
I previously posed the question; ‘With gold potentially at $12,455 what then might be the price of those non essentials, oil and food ? ‘
The following is a quote from The Power of Gold by Peter L. Bernstein concerning the effect of gold flowing into Europe from the New World in the sixteenth century ….
“ The Price Revolution, the ceaseless warfare, the rapid growth in international trade, and expanding economic relations with trading partners thousands of miles away in the Far East galvanized methods of doing business and transformed the character of financial transactions.
There had always been brief episodes of inflation in response to crop failures, but the Price Revolution of the Sixteenth Century persisted for more than one hundred years before it tapered off at long last. No other inflation in history has been so stubborn.
The price increases were most rapid in raw materials, especially food. In England, wood, livestock, and grain rose fivefold to sevenfold from 1480 to 1650; manufactured goods merely tripled. A 700 percent increase over 170 years compounds at only 1.2 percent a year, but with wages rising less than half as fast as the prices of necessities, …. The purchasing power of money and of labor incomes deteriorated at what appeared at the time to be an alarming rate.
Rev 17 said this on January 18, 2012 at 11:07 am
heheheh…night~♥
When all this bs shakes out, it won’t matter how much you paid…it will matter how much you have…in your possession.
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