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SirJames
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Gold price rises on monetary stimulus hopes - Goldmoney -

If the PM markets are rigged or controlled in some way, and clearly the ten years rise within a channel and the regular slap downs strongly suggest that, why does logic (psychological) and technicals so suddenly become a deciding factor is calling the future. Has the rigging stopped; is an almost flat-line pattern evidence that the manipulators are gone away? If the answer is Yes, and we can therefore because of fiat debasement assume a PM ascendancy, fine. But why would we assume anything so logical if the bad guys are still around. Surely it will go where they want it to go when they want it to go there. Otherwise, the suggestion is that they have lost control.
They may have, but it would be a first certainly. They have controlled everything war-peace; depressions-booms, politicians, churches and the media and they have always done it for a reason. I would love to think that order had been restored and law/order re-instated, but Dimon and the Whale are back in the news today about even more monkey business around that event. So why are we all assuming that PM will be allowed to behave in a logical and technically way here? I am not playing devil's advocate lightly, but, ladies and gentlemen, either the puppet masters are taking a coffee break, or we are making assumptions on a very weak foundation. Most of us would be entitled to some optimism around PM if an outbreak of the plague had killed all the big money manipulators, but they are free to do whatever they want, right or wrong; lawful or unlawful, and so my purpose is genuine - to remind you they have shown themselves capable of anything; the regulator is completely powerless and no law and order exists at their level in the western world. All to say, I urge caution and considered action by all.

Commented 4060 days ago

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Beginning of the headline :Yesterday, for the first time in March, the gold price broke through its short-term ceiling of $1,585 and approached the $1,600 mark, while silver moved back above $29. During a press conference concerning the Bundesbank’s annual report, the German central bank’s president Jens Weidmann stated that short term inflationary pressures were subsiding. As Weidmann – a member of the ECB Governing Council - is one of the strongest opponents of Draghi’s "whatever it takes" approach on monetary policy... Read More

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