They must be absolutely desperate!
posted on
Jun 12, 2009 04:34AM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
All of the fundamentals for gold are shooting up! Every free market indication calls for gold and silver to be moving significantly higher. Obviously no amount of fundamental or technical analysis is valid in a totally manipulated market. This morning charts are sickening.
The $ is weakening, some key commodities are rising rapidly, (note oil, copper, and the CRB), global attention is now focusing on alternatives to the US $. The stock markets are being propped up by the same group of criminals that pound precious metals. The grand manipulators actions are looking more and more desperate.
For two months my model has shown a strong positive for gold with high volatility. The model is a short term view, and gold has indeed risen and the volatility obvious on a daily basis. When I updated the model last night it indicates more strength and volatility.
The model’s secondary indicators are once again getting extreme and the last time this happened the model “broke”. Back then gold sold off as the entire financial market was turned on its head. I really don’t know what to make of this. Both the efforts to manipulate the metals market is accelerating and the global buying pressure is also accelerating.
The free market and the cabal are at extreme odds right now. The crimex is nearing a crisis as is the US $. The metals “should” rise rapidly and far and would if the markets were not illegally manipulated. Politics and expansion of government power is becoming more and more hostile to free markets, free enterprise and free people.
Back in the 70’s Richard Young recommended something he called “turtle mode”. In short he wanted people to protect their financial house. Keep enough cash for short term (6 months) expenses and hold a half of bag of junk silver for each member of the family. I think we find ourselves in a situation where we should be hunkering down in turtle mode.
Physical gold and silver in hand, some cash for expenses, and take advantage of these incredible bargains in stocks such as ECU. As the stock markets and the metals have come under pressure, good PM stocks are holding on. It looks as if we are seeing either J6P or the manipulators themselves (or both) accumulate quality pm stocks. This could be VERY good for holders of ECU, while the quality of life of many is surely under fire.
This is the time to be brave, to be stubborn, not to yield our metal or shares, but to hold on with a death grip.