Saturday 14 September 2013
A few have inquired about our greater focus on the charts as they
pertain to the Precious Metals, of late, a shift of which we have
been cognizant. The reason is, it suits our purpose. Our purpose
is to pursue profitable trading, and telling "stories" is not always apt,
especially when almost all of them have been amply related in the
news and written endlessly by cheerleading precious metals [PM]
writers and newsletters.
Why is an analysis more focused on charts seem like such an
obvious question? Last week, we provided a list of nine of the most recognized reasons for viewing gold and silver from a demand side
perspective. There are many others you can think of, additionally.
[See: It Is Always About One Thing: Timing, click on
http://bit.ly/17Hctst] Repeating the same things is unnecessary,
and those which have been aired so frequently seem not to have
had much influence on sustaining higher prices.
From a totally different perspective, reminding and/or informing
people about the intrinsic qualities in owning gold and silver: rights,
title, and interest should have sealed the deal, as it were, as the
ultimate reasons for acquiring and owning both PMs. [See: When Precious Metals Bottom Is Irrelevant To Your Financial Health,
http://bit.ly/12Uz4Q6].
What else is needed to enhance the strong demand side of the
market, and one that gets stronger with each passing month?
Almost everyone is aware of the disappearing gold act sponsored
[in stealth hiding] by the central bankers and abetted by lackey
PM exchanges, COMEX and LBMA. Yet, on Thursday into
Friday, there was another "take-down" in gold and silver futures. Where is all of this demand that is supposed to take price to
elevated heights when it counts? Should you believe what you
read/hear, or what you actually see?
The only problem that keeps PMs suppressed is the proverbial 900 lb gorilla in the room. It would be easier to identify that gorilla as the
New World Order, [NWO], but too many do not comprehend, accept, believe that context. People are not capable of differentiating one's country with the corporate government running/ruining it, and the
real power behind the corporate government.
With over half the population dependent on some form of socialized
government hand-out, and almost all of the Main Streeters
overdosed on credit, for those politically unaware, but unaware of
being unaware, from where is any opposition to government going to come?
Central banker/Lying Ben's policy of keeping interest rates artificially low serves one purpose and one purpose only: bail out the corrupt
bankers and keep all of the failed banks on resuscitation. The
propping up of the banker's massive Ponzi scheme is being
accomplished at the destruction of people's wealth.
Wealth is not confined just to those in the upper 1%, 5%, or even
10%. Wealth can be applied and defined in more ways than
expressed high "dollar" figures. Health is one that rates highly. To
the people in Cyprus, Greece, Ireland, and recently Poland, and
elsewhere, bankers stealing from individual's accounts, many of
whom need what little money they have just to survive from one
day/week/month to the next, and those amounts may not qualify them as wealthy, but the amounts mean a wealth to them.
The primary functioning arm of the NWO is control of money, and it
is accomplished through the central bankers, none of whom have
been elected in any representative fashion, but who, nonetheless
run/control almost everyone's lives. The reason why we cannot say everyone is because those who own and hold gold and silver are
truly independent of government control over how they choose to
live, financially.
Guess what bankers just did, while you were sleeping? They passed bankruptcy laws that puts derivatives in the highest secured
position. First of all, who is responsible for the collapse of so many
financial institutions since Lehman and AIG? Bankers! They engaged in high-risk ventures, [really nothing more than scams] that blew up
in their greedy faces. A lot had to do with derivatives. Where have the trillions of fiat "dollars" needed to save the economy gone? To
those same bankers who failed in what they created. But the
unwritten law is, bankers cannot take a loss. Their practice is to
reap and keep all the gains and socialize all the losses to the public.
What are derivatives? Essentially, derivatives are a contract
between two parties dealing in equity, foreign exchange, interest
rates, and recently Wall Streets' mortgage securitization Ponzi
scheme. Who created these derivatives? Wall Street bankers. Who suffered trillions in losses? Wall Street bankers. Who is footing the
bill for these financial disasters? The unknowing American public.
The value of the derivative market could be 20 - 30 times the value
of the stock market, in the neighborhood of $700 to $800 trillion fiat "dollars." They are also called swaps, credit default swaps,
currency swaps, etc.
With derivatives now immune from bankruptcy laws, who secures
them? Guess what America, you do! How are they secured? By
your bank accounts, brokerage accounts, pensions, IRAs, 401ks.
Remember M F Global, a few short years ago? Why did people
lose billions of dollars? That money went to Wall Street bankers
who held tons of high-risk [and worthless] derivative claims that
were first-in-line for payoff because bankers passed such a law.
After bankers paid themselves for their failed losses, there was no
money left to pay those who had deposits in their brokerage
accounts. Poof! Vaporized. Gone!
We are sure the bankers thank you very much for your generosity in insuring them against all loss exposure. You did agree to it, didn't
you? The NWO dictates that you did.
Anyone with money in a brokerage account is at risk, to the tune of
100%! Got money in a bank? Any/every deposit you make into a
bank is no longer your money. It belongs to the bank, and you are
now an unsecured creditor! If the bank fails, and every single major
bank has failed, being propped up by government loans, [not money
you loaned, but your loss, anyway], your "deposit[s] is/are gone,
poof, vaporized.
How does the risk is keeping money in a brokerage and bank account stack up, to use a PM term, to owning gold at $1,200,
$1,500, or $1,800, and silver at $20, $30, $40? There is no third
counter-party risk in owning either metal. None! Neither gold nor
silver can go poof on you, get vaporized, or disappear, [unless you
hold it in "enemy territory" where it can [and will be] confiscated.
With gold and silver, you have 100% interest in, rights and title to
their ownership [another mention of When Precious Metals Bottom
Is Irrelevant To Your Financial Health, http://bit.ly/12Uz4Q6].
What other investment affords you 100% backing? It remains the
only investment with a history going back over 5,000 years, and it
is recognized and accepted around the world.
Stop and [re]think. What does $1,300 gold mean? It means
instead of requiring the old $35 fiats, or $250 fiats, $500 fiats, you
now need 1,300 fiats to purchase the same ounce of gold that used to be just $35. Gold and silver are not going up in value, they are
holding relative value. Fiat currency has declined in "value," and
you need more and more of the worthless fiats that the 900 pound
gorilla NWO is constantly depreciating.
Who/What else can exert such "influence" at will in a PM market
that is dominated byexceptional demand and limited supply relative to
the growing demand? Only the NWO central bankers. What other
positive "news" or "new" development have you heard or read about
that can rally gold and silver?
Why do they continue to be so easily manipulated to the downside, at will and whim? We can think of no other situation or story that
has not already been covered, many times over that will cause a
sustained rally in gold and silver.
As we often say, do not listen to what others are saying about the
market, listen to what the market is saying about others. And that
information comes from the charts.
Write your own bullish scenario for gold, then compare it to what
the chart says. Which is to be believed, an incredible tale of
demand, or the reality of the chart?
The situation is no different in silver. Do you really need another
"bullish story" to enforce your existing belief in silver or gold? If you
do, you are reading the wrong analysis. The chart says neither PM
has blossomed into a bullish chart picture, and we place our beliefs
in what the charts say.
Quite frankly, we have run out of bullish reasons and simply prefer
the reality of the story of the market, always the best and most
reliable source. We expect higher prices will be forthcoming, but not in the way most PM pundits have been "predicting." We offer no
predictions. Instead, we read what the market says and endeavor
to follow accordingly.
For right now, the market is in no pressing hurry to the upside, and
it continues to remain susceptible to easy declines. The 900 pound
gorilla still holds sway.
