YEPPERS! I posted that at this point on time for a reason. I have personally been caught in one of their little 'lessons' whereby they attempt to retrain the market...lol
I like gold, and it has been an excellent trade for us, however I know from first hand (and at times a little painful) experience that the central banks, through certain banks like their proxy Goldman Sachs, will do whatever they can to control the run of the metal, and to stem lack of confidence in 'fiat currency'
Now I know better what signs to look for, as they do give a few hints and warnings before they act
As I said the other day to Gwikley, remains to be seen whether now, as then, the silver/gold shorts, or the market shorts will win..but one thing I have learned from watching the markets for many years...
- NEVER UNDERESTIMATE WHAT PEOPLE WILL DO WHEN BILLIONS OF DOLLARS ARE AT STAKE
- NEVER UNDERESTIMATE THE POWER OF THE CENTRAL BANKS
- NEVER UNDERESTIMATE THE ABILITY OF THE OLD BOYS NETWORK TO MANIPULATE THE MARKETS TO THEIR ADVANTAGE
It is precisely during periods of heavy market turmoil and tension like the present that the central banks are most likely to act to 'control' the markets and restore 'order', which includes restraining enthusiasm for precious metals and other forms of proto-currency like commodities that they are not in complete control of.
The last thing central bankers desire is for the market to reward investors for lack of faith in fiat currency. Let's see how long that lasts...lol.
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