RE: RE: RE: RE: Whoa..Gold SPIKE...$1400 and RISIN Why hate what I say? Im here to share my knowledge. The reason why I think the comex cant close above 1400/ounce is that they have worked so hard to keep it supressed. Fridays are usually days to give us a little back because they are setting up a take down or to try and keep it flat to down because they don't want excitement to take over the market.
Think I am full of it? Go back and look at the charts. Fiat paper money is a confidence game and only as good as the price of gold. So in these games they play the conviction and confidence in gold is kept in check. If you had a monopoly on the world reserve currency would you do the same thing? As you were losing the power? Of course. Becasue you controlled the COMEX? Of course. Its a natural thing for these guys to try and control this thing right until the bitter end. The Physical selling is the yang of this equation. The thing that scares the bejesus out of them. They do not want the retail investor holding gold or silver.
They cannot rob them in this fashion with inflation. The only way to discourage them is to set up a propaganda campaign on mainstream news. And to make the price movements of gold and silver so violent that only central banks and insane "gold bugs" could possibly want to hold on to it. We are as of now going against an angry bear who has a bullet in his lung. In other words the US dollar is losing it's status as the wrold reserve currency. It's a slow motion crash. It could take years. But gold is the ultimate enemy. "Competition is a sin", I once heard a wise man say. Gold is real money. (silver also) The only real money for the last 6000 years. Maybe longer. And that is also why Bit Coin is dead. Competition is a sin. Again don't hate me for what I say. Look at what I say and see if I am telling the truth. This whole gold raid has been an assault on common sense. Fundamentals. Everything I know. On my wallet. That is why I am sure this is a manipulated market. Gold is now at 1401.30$/ounce. 630 am it was at 1415$/ounce. All I was saying is that it can't finish above 1400$/ounce in a convincing fashion. For all the reasons i gave above. Long term the true price will shine through.