Really, what's the sense anymore?.....
"They" win. "They" always win. Why try anymore. Just 2 1/2 weeks ago, we were all talking about a massive commercial signal failure (massive short squeeze) especially in silver, and that finally the shorts were going to get theirs. Then, its seems, the order came to cap gold. An order which has been in effect for two weeks now. So what, the Euro almost made a new high today, sell gold. So what, that Lehman Brothers, raised $3 Billion today, especially when they said they were fine, sell gold. What's the use of even trying?
Why do they cap gold you ask? Look at it this way. Let's say you are a doctor and have a very sick patient (The US economy). You are doing everything in your power to try and get this patient better via all types of drugs (The FED and everything they are doing, loans, rate cuts etc). You try and you try but the patients vital signs keep on getting worse (a higher gold price). You as the doctor will realize the patient is either going to die or get better vis a vie the drugs you are administering. The vital signs are the indicator and you as the doctor cannot change those. But if you are the Fed, and the economy is not responding to the drugs you are giving it (again, rate cuts, bailouts, etc) you have the power to change the one indicator that is signaling all is not well, and that would be gold. We all know a sky rocketing gold price does not bode well for an economy, it signals something is wrong somewhere. But the Fed has the power, through it's "friends" to cap the gold price. And that is exactly what has happened over the last two weeks.
And that leads me back to my original point, really what's the sense anymore?
Everyone, except Sinclair is calling for a top in gold. Do you know how to realize the top is in? When gold goes down in Asia on a constant basis. For now all we have is this bullshit where gold goes down starting at 2am when it hit Europe. However, the paper sellers are doing a great job on the CRIMEX.
Why do they cap gold you ask? Look at it this way. Let's say you are a doctor and have a very sick patient (The US economy). You are doing everything in your power to try and get this patient better via all types of drugs (The FED and everything they are doing, loans, rate cuts etc). You try and you try but the patients vital signs keep on getting worse (a higher gold price). You as the doctor will realize the patient is either going to die or get better vis a vie the drugs you are administering. The vital signs are the indicator and you as the doctor cannot change those. But if you are the Fed, and the economy is not responding to the drugs you are giving it (again, rate cuts, bailouts, etc) you have the power to change the one indicator that is signaling all is not well, and that would be gold. We all know a sky rocketing gold price does not bode well for an economy, it signals something is wrong somewhere. But the Fed has the power, through it's "friends" to cap the gold price. And that is exactly what has happened over the last two weeks.
And that leads me back to my original point, really what's the sense anymore?
Everyone, except Sinclair is calling for a top in gold. Do you know how to realize the top is in? When gold goes down in Asia on a constant basis. For now all we have is this bullshit where gold goes down starting at 2am when it hit Europe. However, the paper sellers are doing a great job on the CRIMEX.


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