Gold Behaving Suspiciously Like A Market

By now, regular readers are very familiar with my views on "markets". We no longer have markets. Instead, we merely have computerized price-fixing operations which are called "markets". All markets act and react according to a predictable set of patterns and principles. Our so-called markets now no longer exhibit any of these patterns and principles, hence they can't be markets.

More Evidence of the Master Trading Algorithm

This absolute hijacking of our markets was completed in 2011. Since that time; the One Bank has exerted virtually absolute control over these former markets. The most obvious example of market-defying behavior is with the price of gold (and silver) and this was explained in a previous commentary.

Proof The Five-Year Low For Gold Is A Fraud

B.S. Bernanke's helicopter-drop of money-printing had to produce a proportionate response (increase) in the price of gold...

Gold (as well as silver) is a monetary metal. That is the definition of a "monetary metal": the price moves in a directly proportionate manner to the SUPPLY of money. The U.S. monetary base quintupled. The price of gold (and silver) also had to quintuple, during that same time-span. It didn't. Ergo, we don't have a gold market, or a silver market (or any, legitimate markets).

For five, solid years; gold and silver have not been allowed to move at all -- upward. They have been literally locked into a sideways-to-lower grind over that period of time...until January 1st, 2016.

 

But wait. Flash ahead to January 1st, 2016, and we suddenly see gold (apparently) moving freely, i.e. once again looking like a "market". Suddenly, we see gold (and to a lesser extent, silver) moving in a clear, upward trajectory. Did the banksters suddenly lose their MOTIVE to suppress gold and silver prices?

No. As has been explained on many occasions; Bernanke's helicopter-drop has made the USD worthless (along with other fundamentals), and other Western currencies are literal more than derivatives of the worthless dollar. Thus the One Bank's incentive to suppress gold and silver prices (the "canary in the coal mine") is at an ULTIMATE MAXIMUM. That motive will remain at its ultimate maximum until the bankers' worthless paper currencies acquire their correct value: zero.

Did the One Bank suddenly lose its capacity to manipulate these markets? Of course not. We have no regulation and no law enforcement...

U.S. ‘Justice’ Department Proclaims Big Banks Have A License To Steal

And the One Bank's Master Trading Algorithm allows it to control prices in any market, to whatever degree it chooses (unless/until that market is completely destroyed). It is impossible for gold and silver prices to move higher unless the One Bank wants these prices to move higher. Yet look at the chart below:

Look at what we don't see -- even on a Jobs-Report Friday. No vertical lines. Any vertical line (of significance) indicates a disconnect or break-down of that market. The bankers convinced our limp-wristed governments to allow "futures markets" precisely because such trading was supposed to PREVENT such disconnects: no vertical lines.

Here we see a market where the daily trading lines are steep (in places) but definitely not vertical. We see the mindless gamblers placing their bets that prices would/should go lower, simply because they "always" go lower on Jobs-Report Friday. But with no computerized manipulation to hold the price at that daily low (or more likely, push it even lower), we see the gold market reverse strongly, but not vertically.

Let me be clear. I am not suggesting that gold and silver markets are currently "free" to move higher. If that were the case, we would have seen these metals already enter a parabolic, upward spiral -- as a delayed-reaction to the money-printing highlighted previously.

What we are seeing is the banksters simply loosening their choke-chain on these markets. The moment that the markets start to surge higher too quickly (as we began to see today), the One Bank instructs its henchmen to pull back on the choke-chain. But NOT via their near-omnipotent trading algorithms. That is what causes these vertical lines.

This is manipulation "the old-fashioned way": with human traders intervening in the market, most likely by bombing it with brief flurries of (human-operated) shorting. Every day where we see some new, intermediate-term high in the price of gold, and more of the mainstream media's fake cheerleading, the evidence that this is a set-up becomes more overwhelming.

Precious Metals Markets Being Set Up For Crash
The Next Crash in 2016
The Fed Rate-Hike: the Torpedo is Launched

Gold Soars to 13-Mo. High As Bullish Momentum Building, Clues Raw Commodity Bust is Ending

Gold prices are sharply higher and have hit a 13-month high in late-morning trading Friday.  A weaker U.S. dollar index is aiding the precious metals market bulls on this day. Technicals in gold are near-term bullish, which is also inviting fresh buying interest. Importantly, veteran traders and market watchers are noticing a gentle change in the tenor of the raw commodity sector recently. Several commodity markets and commodity currencies (Australian dollar and Canadian dollar) are showing signals of either bottoming out or of price uptrends under way, to begin to suggest the "bust" cycle in the raw commodity markets is ending...