Replies to post #4150 on ***Muaythai''s Miners***

[Stinky_pinky]

I hear ya TB. I'm as discouraged as you and everyone else is, with the blatant manipulation...of all markets. I keep thinking back to that tea party/99 percent tee shirt I saw that read: "Our financial system isn't broken...it's fixed!" I made some serious money in the 90s and 00s flipping real estate on the west coast...but the market has changed from a sellers market to a buyers market, to say the least. I view the financial crisis and the precious metals supression as to trying to hold a beach ball under water...sooner or later it will get away from them and will surface rather strongly! That being said, this is what Harvey Organ wrote last night on his blog:

"Gold closed down $3.12 to finish the comex session at $1666.40 whereas silver finished the day down 60 cents at $31.05. It is most unusual that we are witnessing gold and silver getting bombed with the euro rising to yearly highs breaking into the 1.33 handle early this morning. Generally when markets are rising, they allow gold/silver to rise as well. It seems that the bankers have new orders to keep gold and silver in prison no matter what the markets are doing. To see gold and silver move down on news that the entire world is engaging in QE to infinity just does not make sense. Yesterday for the first time we are now seeing the Japanese pension funds purchase gold and no doubt they will be joined by the Japanese citizenry who also are extremely worried that their yen is being trashed in order to keep their export industry alive. The new Japanese Prime Minister, Abe has already started with his platform of buying foreign bonds with printed yen.
In essence this nation is financing the world's deficits."

http://harveyorgan.blogspot.com/

It seems that trading in gold and silver has become counter-intuitive, and to some degree this counter-intuitiveness is the new norm. But we've talked about this a lot over on PMIC, and most of us old timers are sick of revisiting this topic time and again. Reality sucks at times, but change is inevitable. Be well, and happy holidays to all. S~P