Gold and Silver Miners and the U.S Markets. Message Board

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Gold/Mining/Energy : Gold and Silver Miners and the U.S Markets.

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bostma

StemuliteWorks

The1Stockman

To: The1Stockman who wrote (1664)	3/27/2014 9:06:29 PM
From: Robov	3 Recommendations of 1954

Yeah I here you on the price management. I have the utmost respect for Dan and always appreciate his candid and straight forward views, but I agree, that he seems somewhat naive as far as the price being controlled by powerful forces. Call it manipulation, price management, price control, I don't care one things it's not is price movement based on free market supply and demand. The fact that demand has been insatiable and supply very limited and yet price still does not respond as it would in any other market is the tell tale. And the fact that it has become so abundantly clear over the past couple of years that every market is manipulated whether, energy, LIBOR, FX etc and we're to believe gold and the PM's are not. The fact that the data shows that the banks are heavily naked short the metals with exorbitant contracts that equal a market corner in any other commodity speaks for itself. Why is it that those that stand to lose the most with a high gold price and have a vested interest on keeping the USD fiat currency ponzi going hold the greatest short positions. Positions and contracts in ounces that far outweigh their ability to actually ever deliver the physical. But it is what it is until it ain't I guess. That said I think we are nearing a bottom or at the very least an intermediate bottom. At this point gold is still range bound between $1200 and $1400 for the most part and until 1460 gets taken out and price holds above that level the pattern is sideways. I keep hearing Ed Steer say that there are still a lot of longs that have refused to fold and the general pattern is JPM keeps the pressure on until they milked every last long that they figure they can. It sure would be nice to see some real deep pocketed longs for once that could/would be willing to take them on and force their hand. There's no doubt both gold and the miners were well overdue for a correction and frankly "IF" price is going higher I guess I would rather see in dealt with quickly, rather than drag out like it has the last couple of years. I don't even waste my time on KWN too much any more either because you quickly tire of the perma bull crowd calling for this short squeeze and that explosive move higher and $100, $200 moves higher in a day. I'll believe it when I see it and all I still see at this point is JPM and the rest of the CRIMEX bullion banks still running the paper ponzi show with the same old, same old antics.

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