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Gold Price - Where is it heading?

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Trembling Hand said:
Err.... what "dubious economic strategies to try to manipulate the POG downwards" and doesn't printing money cause hard assets to rise in price?

I think your thesis here is a little 180 ar$e about!
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No, they wouldn't manipulate the 'market' would they????

The maneuvering in markets for oil, wheat, cotton, coffee and more have brought billions in profits to investment banks like Goldman, JPMorgan Chase and Morgan Stanley, while forcing consumers to pay more every time they fill up a gas tank, flick on a light switch, open a beer or buy a cellphone. In the last year, federal authorities have accused three banks, including JPMorgan, of rigging electricity prices, and last week JPMorgan was trying to reach a settlement that could cost it $500 million.

http://www.nytimes.com/2013/07/21/b...-to-banks-pure-gold.html?pagewanted=all&_r=1&

SHOULD BANKS CONTROL POWER PLANTS, WAREHOUSES, AND OIL REFINERIES?

What a coincidence - a fire? in the basement of the JPM building? Official news outlets using the cone of silence? Perhaps just a rehearsal? A subterfuge for an empty vault?


A bit of resistance for gold at 1340??
 
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Uncle Festivus said:
What a coincidence - a fire? in the basement of the JPM building? Official news outlets using the cone of silence? Perhaps just a rehearsal? A subterfuge for an empty vault?

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I believe they also have hangers at every airport throughout the world. So they can refill the planes to dose the sheeple with chemtrails,

 
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Trembling Hand said:
I believe they also have hangers at every airport throughout the world. So they can refill the planes to dose the sheeple with chemtrails,
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Don't get started with Chemtrails :horse:

All markets are manipulated, it's just that there's no point in getting your head cut off if you point out the, ahem, 'irregularities', and still want a job, or better still, your life?
 
Intrinsic Value said:
It is better articulated than yours.
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From the same guy who cannot actually explain this nonsense,

Intrinsic Value said:
Cut through the economic jargon and what you get is that many people dont trust bankers one bit and especially bankers who print money ad infinitum and employ other dubious economic stategies to try to manipulate the POG downwards.
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Trembling Hand said:
From the same guy who cannot actually explain this nonsense,
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http://www.zerohedge.com/news/2013-...d-it-make-sense-fed-not-manipulate-gold-price

Maybe this would explain it better for you.

If I was Bernanke and was risking my entire reputation and a nasty place in history if things go badly, (nice to meet you Herr Von Havenstein) on engineering a recovery and a rising gold price could potentially unravel all my printing largess and solvency schemes, why wouldn’t I manipulate the price of gold?

Does it really make any sense at all that Bernanke would leave gold to trade in an open and transparent market? Hardly.

Consider. The Fed has conjured multiple trillions of digital dollars out thin air in the last five years. These efforts have propped up the Treasury market, the domestic TBTF banks, the foreign TBTF banks, the ECB, the BOE, every European sovereign bond market, the RMBS market, the CMBS market, the equity market, the housing market and the entire industrial and soft commodity complexes, to name a few.

Since the price of gold we see on our Bloomberg screens is set via derivatives and overwhelmingly settled in USD, the ability for central banks and bullion banks to manipulate the price of gold is way too easy. All the bullion banks have to do is coordinate (as in LIBOR), sell in size and punish anyone in their way.

Take losses? No problem, more fiat can be conjured post-haste. So long as no one is taking physical delivery, the band(k) plays on. (Actually, physical demand delivery IS becoming a major new problem for the banks but this is a topic for a different note.)

A quickly rising gold price upsets this fiat-engineered, centrally planned, non-market based recovery. Gold left to its’ own devices would signal the unwinding the rehypothecated world of shadow banking where latent monetary inflation goes to summer (think of it as the monetary Hamptons where only the Wall Street elite get to play).

It would signal the true rise of many emerging market countries at the expense of their creditors in developed markets.

But most importantly, it would signal a huge lack of faith in the US dollar. A currency backed by nothing more than faith in central banking.

A faith which is dying a little every day. Just ask the Japanese or Europeans how confident they are in their own Oracles of Delphi. This loss of faith in central banking immediately translates into a loss of faith in the currency and just as quickly works its magic on bond prices – meaning lower bond prices and higher rates.

So without being too ranty, I’ll end this one short today. Just remember, the next time someone is questioning why the Fed would be manipulating gold, turn the question around and ask them what incentive Bernanke has to NOT manipulate the price of gold.

And fortunately for Bernanke, as the list above illustrates, he’s living in Washington D.C. at exactly the right moment to do whatever he wants, lie about it and get away with it.
 
Oh god! ZeroHedge has been completely discredited a loooong time ago.

It is the place for nut bag conspiracy fools and people who are bitter at their own losses.

try again.
 
Uncle Festivus said:
All markets are manipulated, it's just that there's no point in getting your head cut off if you point out the, ahem, 'irregularities', and still want a job, or better still, your life?
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The oil companies are pretty blatant in their efforts to manipulate the petrol market in the local area.

The council effectively manipulates the market for certain types of property, either intentionally or unintentionally, via planning schemes and other measures. There's nothing "free" about the real estate market when it is subject to a significant degree of central planning.

Most electricity generation companies in Australia try to manipulate the market for electricity and there is noticeable success at times. Some of them have even made their basic strategy public knowledge.

So I find it hard to believe that central banks and big financial firms wouldn't at least attempt to manipulate various markets, gold included.
 
Trembling Hand said:
Oh god! ZeroHedge has been completely discredited a loooong time ago.

It is the place for nut bag conspiracy fools and people who are bitter at their own losses.

try again.
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Unless you have something of substance to offer don't bother responding with your inane comments it just makes you look silly.
 
Intrinsic Value said:
Unless you have something of substance to offer don't bother responding with your inane comments it just makes you look silly.
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Really?? You are the one who is posting rubbish from the nutbag part of the blogsphere.

You have not shown one reason why the Fed so called money printing is making gold fall. We are still at my first challenge to you as to how that is happening.

Unless you can offer some logic to your quote below we will just have to leave it that you haven't a clue as to the reasons or theory behind such a statement. And its just a bitter brain dump.

Intrinsic Value said:
Cut through the economic jargon and what you get is that many people dont trust bankers one bit and especially bankers who print money ad infinitum and employ other dubious economic stategies to try to manipulate the POG downwards.
Click to expand...

Got anything???
 
Question to Faber in the above vid from Unc > "do you think that the decline in gold from February was an attack by central banks"

Faber "Not really, I think that as I said I don't trust central banks intellect that much"
 

I never said printing money would make the price of gold fall. In fact in the long term I would think it is more likely gold will rise as a result of money printing.

What i said was that people have no confidence in central bankers who print money ad infinitum and employ other economic strategies to put downward pressure on the POG which was a general comment about lack of confidence in the central banking system as per what was in the quoted article. Had you bothered to read either of the articles that would have been abudantly clear.
 

I did read them. It was just an opinion from some dude who is clearly taking heat from falling POG. Just because its on the internet does not make it true. Case in point just about everything on Zerohedge.

What I am asking you is show me how they "employ other economic strategies to put downward pressure on the POG".

If you cannot offer anything plausible then I guess you are just also quoting the speal from the gold bugs.

Do you have an original opinion or theory or proof?
 

Of course it is just an opinion as everything written is an opinion

Feel free to debunk some of the theories presented with your own arguments.
 
Trembling Hand said:
As I suspect. "Fed makes gold go down just because it does".
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No, it creates those conditions because it wants to.

It is defending the system of paper backed value as against a currency backed by a physical value such as land, productivity and as was prior to 1972, gold.

The currency collapse of the Wiemer Republic is worth reading up on and any of Ludwig von Mises publications. Have read them myself and there is a bit to get the head around in order to see how the wealthy really run the whole show. Back in 2005 I was discussing economic affairs with an elderly lady on a plane from Melbourne to Adelaide. She told me to read up on the Rothschild's. Did that and in a few years realised how wet behind the ears I had been (still so of course T/H). She was of Jewish background and a retired Doctor of Medicine, her Father was lost in the gas chamber. The big true picture really does come from such people who learned and know their history first hand from very hard experience.

One could argue and try to put up facts and figures here all day but you can only satisfy those who want to see. One must ponder a realisation that if the system is really flawed then the consequences are too great to allow into ones zone of comfort.

And yes the recent big drops in gold were accompanied by very public announcements by the Fed and big movements on the charts at times when most traders would have knocked off for the day and around holidays such as Thanksgiving. And also unprecedented downramping occurred over the last few months via the media and the commercial finance industry. Of course these industries do not like investments that do not pay interest, dividends or trailing fees on which they can take a percentage or work with on the way through.

Have been watching these actions since 2004 when I purchased my first blocks of physical. And a gold/silver stacker does not trade it, one buys and holds for the long term. It is all about preservation in uncertain times.

Have to laugh at the Yanks latest green shoot the last few days, in property going up 7%. The public tend to forget that it has dropped 80% over the last 10 years to get here, and in that time thier dollar has gone from $1.3 to .83. Again they boast low unemployment when in fact if one is unemployed for more than 12 months they are no longer counted.
 
explod said:
The currency collapse of the Wiemer Republic is worth reading up on and any of Ludwig von Mises publications. Have read them myself and there is a bit to get the head around in order to see how the wealthy really run the whole show.
Click to expand...

You clearly haven't read von Mises with the bit underlined. He's main theory is about how hard it is to do the utter BS in the rest of your post.


Rothschild's!!! You really are embarrassing.
 
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