SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: bart13 who wrote (100895)1/31/2009 11:00:53 AM
From: RJA_1 Recommendation  Read Replies (1) | Respond to of 110194
 
>>A big failure so far by the European Central Bank in their most recent gold manipulation/control game. They sold over 1000 tonnes of paper gold... and the price went up, and to an all time record high in Euros.

Perhaps this means Heinz is right about manipulation of markets, or maybe Lincoln as in you cant fool all the people all the time (forever).

Their options are:

Sell more, or enlist other allies to sell more (which I think might be coming)

or

give up.



To: bart13 who wrote (100895)1/31/2009 11:14:11 AM
From: pogohere  Respond to of 110194
 
Awesome!! Thanks.



To: bart13 who wrote (100895)1/31/2009 2:42:23 PM
From: TH2 Recommendations  Read Replies (1) | Respond to of 110194
 
bart,

Awesome. Even if they fail, we are still going to hang em anyway correct <g>

The manipulation game is doomed to fail, as awareness that lots of every currency will be created to reprime the inflation machine. The machine cannot work without inflation, so this is a natural and expected response from the central wankers. The trouble is this time information flows at an exponential rate relative to the 70's, and thus awareness of what the clowns are doing has dramatically increased. People will want the hard stuff and probably sooner than goldbugs and bulls expect.

What surprises me is the daily reaction to "news". For example, the bad bank model is dead on Friday, so we sell whatever. The bad bank model will just be replaced by the sorta-not-good bank model by Tuesday and we rally. The market has zero foundation in anything fundamental. The only major trend is the growing awareness that no bounce is coming perhaps and things are much worse than we thought they were. Watching lots of long time bulls accept that there will be no normal turn in a few months. Does not mean we will not have massive rallies, but they will be sold and the road to real recovery will be much longer than most expect.

Gold is going to do very, very well.

GT
TH



To: bart13 who wrote (100895)1/31/2009 4:51:31 PM
From: Real Man  Read Replies (1) | Respond to of 110194
 
Well, the Fed screwed up and tightened drastically by mistake,
which is why I think we saw October crash and some deflation.
The adjusted monetary base reflects mostly increased bank
reserves at the Fed (not the printing), cause they started
paying interest on them. This is tightening credit. Bummer!



To: bart13 who wrote (100895)2/1/2009 3:36:11 PM
From: Haim R. Branisteanu  Read Replies (3) | Respond to of 110194
 
Selling gold now is to the benefit of the ECB - they will have the funds to support EU banks without expanding the M1