Written by: Avery B. Goodman
Recently, almost all prognosticators were predicting that Donald Trump would lose the 2016 election and that Hillary Clinton would be our new President. If by some miracle Trump happened to win, they said the price of gold would soar. When Mr. Trump defied all their expectations and did win, it did soar, but only for a few hours. After that, it was downhill all the way. Many people are perplexed. Even though most now realize that the price of gold is rigged, they still don't fully grasp what that means.
It is amazing what you can learn about the world around you, simply by carefully watching the machinations of the market manipulators. They can tell you amazing things. For example, those of us who look closely at the manipulation of gold prices already knew that Donald Trump would be the 45th President of the United States many days before the election. We already told our friends about it. We'd already said it didn't matter what the polls were reporting. We knew the public polls were lying. We had much more reliable pollsters working for us. And, because the banksters paid for those pollsters, it didn't even cost us one red cent!
To benefit from what I am about to share with you, cleanse your mind of all the preconceptions you came in with. Forget about the money supply, market sentiment, exchange rates, inflation, and inflationary expectations. Forget about the quaint notion that supply vs. demand (in the short to medium run) has anything to do with the price of gold. Most importantly, forget about technical analysis. Fibonacci is as worthless as an Elliott wave when the manipulators paint the tape. It's all rubbish.
The pricing factors I've just rattled off, in the preceding paragraph, do affect gold prices at specific points of time. But, in determining the near-term price of gold, they pale to insignificance compared to market manipulation. A lack of supply, for example, will eventually cause the price of gold to rise over the very long term. However, it happens mainly because western central planners have a limited supply of gold and want to conserve it. Accordingly, they may obey a political decision to slow down the hemorrhage of yellow metal from their vaults. That causes prices to rise. It's probably the reason gold prices rose dramatically from 2001 to 2011.
Here is the bottom line: the pricing factors that pundits like to talk about eventually matter. They just don't matter now. They will matter...
