Saturday 24 May 2014
It certainly started out as central bank manipulation, doing everything possible to cover
their theft and resulting deficiency of replaceable physical gold. Almost all of their
unauthorized reselling or hypothecating went unnoticed or without any ability to stop
the activity. China had a lot of its gold stored in the United States that was stolen in the
1990s. She has since become the world-leading economic powerhouse and is now in a
position to force the Rothschild elites to make good on the theft, which they are doing.
China wants to see the price of gold at the current low levels as she continues to buy up as
much of the [not so readily] available supply. The central bank manipulation continues as
a means of protecting the last vestiges of the soon-to-fail petro-dollar, and soon-to-fail as
the world’s reserve currency upon which almost global trade is based. The Chinese are
willing to see gold stagnate at current levels as a better bargain during the final stages of
their accumulation. It works for both sides for totally different reasons.
For how long can these low prices continue…the ever pressing question on the minds of
the gold and silver community and topic of so many articles written by the experts? While
many have striven to provide an answer, and 2013 failed to match the “predictions” as to
the “When?” issue, the best answer is: For as long as it takes.
Back in January and February, it become more apparent that the highly anticipated huge
rally for PMs was going to take longer than most expected. In April, we wrote an article
that 2014 Could Be Yawner. There is no reason not to carry that notion further into 2015
before gold and silver begin to challenge their 1900 and 50 respective high price levels.
The one thing certain is that no one, absolutely no one can provide an accurate time-table
for when PMs will trade at much higher levels. 2013 should be a reminder of the many
who endeavored to fix a date and all of whom failed. It is utter nonsense to think anyone
can accurately divine the future. The good news is that we do not need to actually know
the “When?” All that matters is to be prepared for the eventuality.
If you are prepared, then you will have accomplished one of the most important
responsibilities for wealth protection/preservation/growth as a means for survival.
Instead of watching the Precious Metals Rally clock, an exercise in exasperation, so far,
better to be secure in the knowledge that you have done what you need to do, and instead,
start to relax and learn to enjoy more out of life.
If events are triggered that propel PMs higher, or even substantially higher next month,
next Quarter, or next year, if you are prepared, you will be a winning participant! Once
and as it happens, you will feel a sense of relief for having waited so long, and a sense of
accomplishment for having prepared. If you have not fully prepared, you have a tenuous
gift in both time and price in which to act as quickly as possible. The time to act and be
better prepared is now, and at prices you and your children, and your children’s children
will not likely ever see again.
Those who are disheartened because events have not occurred in the time sequence that
was hoped for are missing the point. This is not a get-rich-quick scenario confronting
almost all of us. This is a matter of survival. All anyone can do is prepare. One does not
eat well and exercise to live longer, one does both to be in the best possible health to live
each new day. As it happens, those who watch their intake and take care of their physical
health to enjoy daily living also tend to live longer, as an added reward.
Consider: Physical PM shortages, depleted physical for delivery on exchanges, record
buying by the public, world-wide, record buying by China, corrupt central banker price
manipulation, government theft or confiscation, unlimited derivative exposure, existing
demand for the physical that far outstrips available known supply, unlimited printing of
fiat that can only result in currency destruction, civil unrest in many countries, any one
of which could lead to a wider war, plus a litany of unknowns that can be important.
They have already been factored into the current prices for gold and silver, and any one of
these events, or a more potent combination of them acting in unison can drive up the price
of PMs but have not, to date. This is what you need to know. Whatever it is that will launch
gold and silver higher has not yet occurred. Many of the “Whatever it is” are already
known factors, but their influence/effect has not yet been unleashed.
Yes, if the manipulation stopped, PMs would rally immediately, but the event that puts a
halt to the manipulation has not happened, so that part of the suppression of gold and
silver remains in play. For how long can it continue? Again, for as long as it takes. Does
anyone have a better answer? [Not that better answers cannot be had.] For those who do
not know the answer, the solution, or at least one good solution, is being prepared
There is another issue not talked about and that is the seeming failure of the elites who
“appear” to be forced to sell their gold. The very foundation of the Rothschild formula
is the acquisition of [mostly] gold, and also silver, in exchange for debt-based currency.
There has not been a smarter collection of individuals, [or more devious and destructive],
that comprise the Rothschild-founded central banking system.
It would seem odd that such an astute and all-powerful-behind-the-scenes-force as the
elites would find themselves in such a compromised situation to no longer have any, or
very little gold and silver left. It seems equally unimaginable that the elites could be so
stupid if they have put themselves in such a weakened state. It is a possibility, and one
of such incredible and fitting irony, if true.
What keeps them in power is the built-in structure they have accumulated in every major
Western government under their control, which also includes the potent military, and the
media to keep the masses dumbed down. The perverted transition of the United States
from a sovereign Republic, with an organic Constitution that limits government, to an
elite central banker-controlled, bankrupt corporation, known as the federal UNITED
STATES, with its substituted federal statutory constitution that replaced the original,
is the premier example of how the elites work through stealth, and over decades as their
time frame, to accomplish their vile ends.
Whatever one chooses to believe, one still has to deal with the known facts, and what
is factually known to date is that gold is at 1,300, [not 1,500, not 2,000, and certainly
not 5,000 or 10,000 the ounce], and silver at 19, [not 26, not 50, and for sure, not
100 or 300 the ounce]. However corrupt or not reflective of the “real price” for PMs,
the charts continue to be the most commonly accepted measure, at least for now.
Regardless of what one chooses to be the most accurate or reliable measure, there can
be no dispute that preparation for what is to come is the best way to deal with “When?”
Weekly gold has been in a broad TR since last June ’13, and a TR within a TR since Dec ’13.
There is no sense of urgency to leave the range-bound structure, so one can only exercise
patience until something clearer develops, which will eventually happen.
The 1280 area is an axis line, acting as resistance from November ’13 through February ’14,
and it now acts as a support area for the past 2 months. The farther price moves along the
RHS, [Right Hand Side] of the TR, the closer is gets to a resolve. Sentiment favors a move
higher, but reality is that one need not know the breakout direction beforehand. All one
needs do is to be prepared for a move in either direction, and follow the market’s lead.
Little can be said of the silver market, from the expectation of a move higher. Buyers have
been AWOL, [a military term: Absent With Out Leave], and nothing will change until there
is evidence of strong upside moves accompanied by increased volume.
The problem with pointing out a small possibility of what could be positive activity is that
it preconditions the mind to look for more supportive evidence at the expense of missing
what could be a subtle negative development. Just wait for confirmation that buyers are
starting to create wide range rallies with strong closes on increased volume.
If silver is to move higher, what we just described will make its presence obvious. Until
it does, caution is advised. There could be another new recent low, and the odds for that
event are greater than 50%. It may be a buying opportunity. How a new low develops,
if at all, will make that assessment worth acting on, or not.