Is gold getting beaten up because the FED is going to BLUFF about raising interest rates again on Friday?
Na. This is just simply a game. Scare people out of GOLD for a bit until Friday and then say “There isn’t enough good news to raise rates.”
Same old same old.
Watch what happens on Friday. Then the truth will be known to everyone.
Is this chart setting up for a big move up? Looks that way to me. I guess the yeild is going to go down.
No rate hike!
Disaster awaits the US dollar.
As you can see by the RED CandleStick the weekly trendline has been broken. Watch for increasing volume next week and a continuation of this trend to confirm.
People on the stock blobs are starting to ask that question and it seems appropriate. After all the market is near all time highs and yet there is no FEAR or VOLATILITY?
Seems rather odd….
The market makers can’t keep it down forever. But they do their best to screw the VIX longs!
The simple truth is that if they can get everyone out of the VIX or Market Shorts, when they do “CRASH” the market they won’t have to pay anyone out!
Think of the beauty of that! They can sucker all the longs in and take their money AND ALSO sucker in the shorts!
Then they can simply roll the short money into the longs to keep the longs happy and also to make sure nobody wants to go short.
Then when the time is right and nobody has any shorts and everyone is happily holding longs….
WHAM! Huge market crash! Out of nowhere! Some “BLACK SWAN EVENT”! So that way they can blame the crash on some external event, steal ALL THE MONEY and laugh their collective heads off!
What a system! What a scam!
Be careful out there! It’s their game and it’s RIGGED!
But have no fear, the fear will come back.
After all, just look at this chart.
It always comes back!
It would seem almost as though Gold and the Stock Market are moving together up.
This is an odd phenomenon simply because GOLD is used as a hedge against a market collapse. It’s a hedge basically against inflation and perhaps a currency downfall as well.
Perhaps this is what Golds telling us? Is the US dollar about to collapse becoming essential worthless?
That is an unlikely scenario at least in the short term, but could it happen?
I think it could and we’re at the precipice of it happening I believe.
You could also put your faith in GOD. That might be a better bet!
Is that what they are trying to do? Seems odd. Eliminate the US dollar as the world currency and let the beautiful shiny metal move back into it’s rightful place!
I doubt they will let that happen as “THEY” are the US dollar. FED and Banks I mean.
It is a nice thought though. I’d much rather be holding GOLD then that paper trash.
Oh oh. The FED really messed up this time. No way out for them. Too bad. All their common sense that it took to get them into this mess is now paying off ( Sarcasm. ).
Maybe they have (or are going to) sell VAST amounts of GOLD onto the open market. In which case they’d be smart. I mean they do know where the price of Gold will be in the future as that’s basically what they control. And they did manage to inflate the price at the cost of the US currency. So maybe that’s been the plan all along. Fool the goldbugs! Never know.
Fed officials voted 9 to 1 to hold rates steady at the meeting. Who the heck was that one guy that wanted to raise rates. He’s the patsy I’m assuming. I mean come on! They need at least one person to vote the other way or we’d all think it was fixed right ???
According to this chart, without a HUGE save soon, and many more afterwards, the US dollar is about to TANK. Without a real save it’s done for sure.
Bye bye US dollar.
Should have bought real gold.
Yes the FED is stuck and stuck big time. And now they have no credibility at all. Too bad. Game Over. FED you LOOSE!
Since the FED didn’t make a move and we all knew they would not where might GOLD go now?
Looking at this chart I’d say we’ll have to wait till around the 25th of August to find out. Might happen sooner though. Never really know. I will hold off buying JDST or DUST until something is confirmed.