TSXV:NORA.H - Post by User
Post by
GOLD8888on Mar 02, 2007 10:19am
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Post# 12341833
Big move down before the big move up
Big move down before the big move upI know that they will never give up completely trying to stuff gold and silver, but the action of late indicates that they need to cover a lot of silver shorts. Look for a fast downward plunge in the silver price to continue into the 12.00 level. This will be followed by a violent upswing as they cover millions of shorted ounces.....
Nice if you can time this and move in and out, but when manipulators control the market, no chart can tell you what they will do next and in what time frame. Therefore, just sit it out and do not look at you PM stocks until they are done covering.
Shame that "free" markets are so obviously and blatantly rigged, but in the end the Fed needs to keep the perception that all is well and that the best place for your money is with T-Bills and Stocks (Dollar denominated assets). Flow to gold and gold stocks is anti-dollar and must be stopped at all cost, if the illusion of well being is to be maintained.