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Bernanke Fails To Move Gold Market Lower
Silver Bear Cafe
by Jeff Nielson Following the solid gains in the price of gold last week and the much more explosive rise in the price of silver, all expectations (even among normally bearish commentators) were that bullion prices would continue rising this week. That all changed Monday morning, however. At that point the Corporate Media released their Script for this week (written by the banking cabal itself). They “predicted” that B.S. Bernanke would “disappoint the market” when his prepared remarks would be released to the world on August 31st. Experienced commentators and investors alike immediately understood the game being played, since it’s been played on countless occasions in the past.
It’s such a blatant tag-team act that it no longer surprises any sophisticated Players in the market. Instead, knowingthat the manipulation is on the way; sophisticated investors (led by the Big Buyers) allow the bankers and Corporate Media to work for them. Once the Script has been written that an attack is coming, these Buyers stop buying – and simply wait for the Ambush to arrive. Thus Monday morning I informed readers that we could forget about all the upward momentum from the previous week. The market would move (more or less) sideways until Friday morning (and the bankers’ Ambush). Experienced investors understood that all that would have been ‘gained’ by pushing prices higher this week was that the bankers (and media) would be able to engineer a sharp reversal in the market (creating much worse optics) and a much greater probability of medium-term success for this manipulation operation. So, instead, it is the Big Buyers who wait to execute their own Ambush; perhaps more properly characterized as a counter-attack. They let the market drift prior to the announced propaganda – giving no opportunity for the bankers to engineer any sort of “sharp reversal” on their day of attack. Knowing the market is going to instantly be driven lower the moment the propaganda is released; the Bug Buyers gleefully await that instant drop in price – and then they start buyingÖbig. At that point the battle is commenced. When the bankers’ propaganda reigns supreme, this buying is unable to reverse the downward move, merely abbreviate it. However, when the bankers’ propaganda is no longer of sufficient potency we see a much different picture – like today. The entire ambush-event itself is so brief on such days that we must literally look at a gold chart showing the minute-by-minute action in order to watch the battle unfold. Today, the propaganda ammunition (courtesy of B.S. Bernanke) was released at 10:00 am Eastern time.
The bankers immediately drove the price of gold lower (as expected), but could only manage a feeble move of about $10/oz lower, to a low of $1647/oz, with the low price of the day coming a mere 10 minutes after the announcement.Twelve minutes after the propaganda was released, a bullion website known for parroting all of the bearish propaganda released this headline: COMEX Gold Backs Down as Bernanke Holds Off on Fresh U.S. Monetary Stimulus Package However, by that time the Big Buyers had already started buying, and the price of gold started to rise. A mere 10 minutes after the bankers had taken the price of gold to its low of the day; the Big Buyers totally reversed this downward move – and took the price of gold to what was (at that moment) its high price of the day. As I’m writing at this moment, the price of gold has moved above $1680/oz, a greater than $30/oz reversal – and a devastating defeat for the banking cabal. About the only thing more “bullish” than a rising chart is a chart showing the price being pushed down, and then strongly reversing higher. This picture tells any/all knowledgeable investors that this is a buoyant market, one which is ‘trying’ to move higher. Since most of the traders (i.e. gamblers) who dominate daily action in markets don’t understand the fundamentals; they allow themselves to be totally guided by such momentum indicators. We now have back-to-back weeks in the bullion market each painting a different picture of the bankers’ (new) inability to cap prices. Last week, we saw a market steadily rising day-by-day. Following nearly six months of totally indecisive price-action, it was a strong indication that “the next rally” was here. Today we received reinforcement of that message: the bankers attacked the market with one of their coordinated operations – and were soundly thrashed by the “longs”. The rally has been confirmed. Now it almost appears as if it is the Bulls in the market who have been “writing the script.” Not only do we see two consecutive weeks of unequivocal bullish strength to proclaim a new rally in the gold and silver markets, but both gold and silver are poised to complete what is known as “the Golden Cross.” This is where not only the current price, but all shorter-term moving averages (price-averages) “cross” above the long-term (200-day) moving average. This is the single, ultimate indicator of longer-term technical strength; thus providing both a shorter-term picture and a longer-term picture of a market which has just begun (another explosive) rise. Looking at the market from even a more long-term perspective, the 18 months of sideways-to-lower price action has “built a base” (a huge base) in a market in the middle of the longest/strongest bull-run in market history. This, in turn, shows a market capable of now moving higher (without any significant interruption) for many, many months. Cautious bulls might want to make themselves aware of one more future event: next Friday’s jobs-propaganda from the U.S. Bureau of Labor Statistics. There are two reasons, however, why I am already expecting this next potential “ambush date” to represent another failure for the banking cabal. First, their attempt to move the market lower on last month’s (phony) jobs report was another dismal failure. The reason why that attack failed was that anyone who looked at the details of the July report saw that the BLS had made a gigantic “seasonal adjustment” (higher) in the jobs numbers – to reflect predicted lay-offs (in the auto industry) which were canceled at the last minute. Having padded last month’s jobs-report with somewhere in the vicinity of 200,000 fantasy-jobs; those fantasy-jobs must be subtracted in this month’s report (to reflect what actually took place). This means we will see one of two things in next Friday’s U.S. jobs numbers. We will see a terrible, negative number – as current job-losses plus the huge, downward revision from last month produce a large, net job-loss. Or, we will see the BLS suffer a(nother) bout of ‘amnesia’; fail to subtract the imaginary jobs it added in the prior month; and destroy its credibility with a much larger segment of the mainstream public. Note that this stunning break-out in the gold and silver markets occurs just as gold and silver are entering their traditional “strong season.” Sound the horns, and proclaim the march forward! The bankers are now in full retreat. Jeff Nielson Delivered by The Daily Sheeple Contributed by Silver Bear Cafe of www.silverbearcafe.com. Please share: Spread the word to sheeple far and wide
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v.8
We have in this Country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve System of Banks, hereinafter called the Fed. The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation’s debt. The depredations and iniquities of the Fed has cost enough money to pay the National debt several times over.
“This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government. It has done this through the defects of the law under which it operates, through the maladministration of that law by the Fed and through the corrupt practices of the moneyed vultures who control it.
“Some people who think that the Federal Reserve Banks United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lender. In that dark crew of financial pirates there are those who would cut a man’s throat to get a dollar out of his pocket; there are those who send money into states to buy votes to control our legislatures; there are those who maintain International propaganda for the purpose of deceiving us into granting of new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime.
“These twelve private credit monopolies were deceitfully and disloyally foisted upon this Country by the bankers who came here from Europe and repaid us our hospitality by undermining our American institutions. Those bankers took money out of this Country to finance Japan in a war against Russia. They created a reign of terror in Russia with our money in order to help that war along. They instigated the separate peace between Germany and Russia, and thus drove a wedge between the allies in World War. They financed Trotsky’s passage from New York to Russia so that he might assist in the destruction of the Russian Empire. They fomented and instigated the Russian Revolution, and placed a large fund of American dollars at Trotsky’s disposal in one of their branch banks in Sweden so that through him Russian homes might be thoroughly broken up and Russian children flung far and wide from their natural protectors. They have since begun breaking up of American homes and the dispersal of American children. “Mr. Chairman, there should be no partisanship in matters concerning banking and currency affairs in this Country, and I do not speak with any.
“In 1912 the National Monetary Association, under the chairmanship of the late Senator Nelson W. Aldrich, made a report and presented a vicious bill called the National Reserve Association bill. This bill is usually spoken of as the Aldrich bill. Senator Aldrich did not write the Aldrich bill. He was the tool, if not the accomplice, of the European bankers who for nearly twenty years had been scheming to set up a central bank in this Country and who in 1912 has spent and were continuing to spend vast sums of money to accomplish their purpose.
“We were opposed to the Aldrich plan for a central bank. The men who rule the Democratic Party then promised the people that if they were returned to power there would be no central bank established here while they held the reigns of government. Thirteen months later that promise was broken, and the Wilson administration, under the tutelage of those sinister Wall Street figures who stood behind Colonel House, established here in our free Country the worm-eaten monarchical institution of the “King’s Bank” to control us from the top downward, and from the cradle to the grave.
“The Federal Reserve Bank destroyed our old and characteristic way of doing business. It discriminated against our 1-name commercial paper, the finest in the world, and it set up the antiquated 2-name paper, which is the present curse of this Country and which wrecked every country which has ever given it scope; it fastened down upon the Country the very tyranny from which the framers of the Constitution sought to save us.