Gold Should Bottom Today – Temporarily
As we have stated, Friday was the target day for this week. Gold fell so far to 1179.4 about $20 above the first support zone. A 3 day reaction into next week should develop before resuming any decline.
As we have stated, Friday was the target day for this week. Gold fell so far to 1179.4 about $20 above the first support zone. A 3 day reaction into next week should develop before resuming any decline.
Propaganda – Who do you Trust
The father of propaganda is Edward Louis Bernays (November 22, 1891 – March 9, 1995). The government tries to imprison and kill anyone who leaks information about what they do from illegal war murders, illegal seizing of all our phone calls and emails, or to the latest leak about US cyber-attacks. It is not even just the USA. Britain has imprisoned more of its soldiers than are serving in Afghanistan. Government does not respect the people and never has. It is a propaganda agenda at all times. They know they are losing the grip and so Homeland Security buys tanks for domestic use against citizens who start to see the truth – this is the Truman Show – its is all just fake.
The government just pretends to prosecute the NY banks civilly, handing out small fines and they do not admit or deny anything and move to the next manipulation. Not a single banker was charged with the Mortgage Crisis even after forging mortgages and lying about everything. Nothing will ever be done to protect society and our financial system. Get real. No amount of letter writing will ever do anything. We have to crash and burn. That is the only way things historically change.
We do not have real democracies – they are republics. Vote for them, and they lie about their agendas. They make fools out of the religious right making them think they will be victorious over abortion and gay rights while there is no difference in anything that really matters. Look up Obama and what he said on the NSA and Cuba about Bush. It was a joke. He has done the same thing. It is all propaganda to tells us what we WANT to hear and what they determine we SHOULD hear. The press will NEVER report what will get them in trouble. Ain’t gona happen in the USA. That is why it took the Guardian in the UK to print Snowden’s story. Do you really thinkANY US news organization would have taken that job? When Judith Miller of the New York Times was thrown in prison on contempt of court until she gave up her sources, the Free Press died that day. They control everything. That is why they hate me and the internet. My difference with the goldbugs is you do not pretend to be an adviser and NEVER say sell, but when you are wrong, out come the tin-foil hats and the claims of conspiracy. Hey. They were still wrong. So do not expect the mainstream press to ever quote anyone who is not in the fold.
Manipulating the World
QUESTION:
Mr, Armstrong.
I visited New York on business and after the market closed yesterday we went to a bar. I was shocked when the group at the next table of Wall Streeters were talking about you. The consensus was you were probably the greatest analyst that ever existed and how the Bloomberg News will never quote you because you tell the truth about their clients the bankers. Yet they said everyone reads you. They said China does whatever you say and stopped buying bonds from the New York bankers within a matter of days of you writing advising that everyone should refuse to buy bonds from them. They said you were the only analyst who said gold peaked and would decline and how not a single newspaper will report you were right. Why does there seem to be this attribution of manipulating the world attached to you? I heard it first hand. If anyone did not read you, they said they were a fool and the New York Press has done everything possible to try to discourage people from reading you.
Curious
RM
ANSWER: People judge others by themselves. It was the CFTC that originally accused me of manipulating the world and put it in a subpoena demanding all our offices around the world give them a list of all our clients so they could prove we manipulated the entire world economy. We won in court telling the judge that was absurd and suitable for the plot in some James Bond movie. But the more you refuse to cooperate and just hand-over client names, they more they think you are hiding something rather than defending a principle.
The CFTC saw I ran around the globe and our audiences were about 25,000 annually. They then attributed that if I said gold would rise say 10% next year and it did, then the reason was simply that all 25,000 people ran out and did as I said and therefore I circumvented their trading limits of say 5,000 ounces of gold because I was “indirectly” controlling the market. This theory caught on and morphed into one of just influence. Because they publish nonsense and ever move a market makes they attempt to attribute a reason, then their idea is that “influence” can make the trend. That is so wrong because if I came out and said buy gold, there might be a brief blip, but nobody can change a trend. The Japanese government tried to support the market and lost more than $1 trillion. You can create blips, but nobody can turn a bear market into a bull market with just words.
These people live in a primitive world where witch-doctors still chant and are never wrong. If he bleeds you because he thinks there is a poison in your blood and he takes too much, that cannot be the reason you died, it must be that he did not bleed you soon enough. We live in a very primitive state of economic theory. They would rather blame me for having too much influence than to listen to what I am saying.
I became friends with Milton Friedman because he saw what I was doing objectively and said I had a front row seat no one else had. I could see how the world functioned NOT because of influence, but because of OBSERVATION. These people treat me as if I were a doctor, told you that you have some fatal disease, and you will be dead in 30 days. They then accuse me or murder because you would not have died except for the fact I said you would. This is the mindset of these people and there is no explaining they live in a state of assuming the world is still flat. It will take my death before these types of people at last will dispassionately review what I have been saying based upon OBSERVATION.
The goldbugs loved me when I said gold was rising. When I said we had a 2 to 3 year decline, they then act the same way. TheyREFUSE to quote me assuming like the CFTC gold declined ONLY because I said so. They are as intellectually honest as government – no different. They think the same way. Shut me up and gold will rise. They live in a fake world where they think if the keep screaming gold will rise perpetually. They then create perpetual enemies arguing there is some systemic plot to keep gold down when a simple correlation study shows gold has risen on par with commodities in proportional basket basis. Gold CANNOT rally until the dollar rally is over. Look around – everything is connected and the world is far from flat.
(1) Pull back the curtain and look at how the bankers control government and are destroying civilization all because they are addicted to trading with other people;s money pocketing the profits and handing losses to politicians to pay for.
(2) Having clients around the world molded and beat me into the shape and form I am today. It forced me to see the world through everyone’s eyes realizing that Adam Smith was correct – we all act only in our self-interest. We are one giant economy and the sooner we recognize that, the sooner we will have economic freedom and personal liberty restored. No single government can manipulate even its domestic economy. STOP the socialist intervention and allow the people to create their own future rather than attempt to orchestrate it to meet your dreams.
Thatcher was Right
Margaret Thatcher was a Euro-Skeptic from the start. Her own cabinet abandoned her and pushed her out of politics because she was against joining the Euro concept. She maintain it was an economic union, not a political one. Now even Merkel is beginning to pull back. The idea of Europe has always been the federalization into a single country. Why? There has been a socialistic-Marxist view that to justify that economic theory, they created the vision of utopia – the land of perfect harmony where war would be vanquished forever by blending everyone into a single country.
My discussions on this subject with Lady Thatcher revealed the dark sinister agenda behind the curtain in Europe. This was really a political agenda that was never spoken of and in fact publicly denied. What we see in the Euro currently is the complete failure of the political agenda no matter how much they deny this has been the agenda. Authorizing the reestablishment of borders demonstrates that the socialists have totally screwed up Europe and if anything, they have laid the foundation for two things – (1) internal war, and (2) weakened the entire defense system of Europe to the point that if Russia was to act on its Empire Dreams, it could take Europe in 7 days.
I did see the film Iron Lady. While I did not appreciate how she was portrayed in that film, to some extent they did show how she was forced out of office by her own people who were caught up in the whole Euro nonsense. She was a woman with whom I share a passion for understanding the political nature of systems. I use to stop by to see her on trips to London. She possessed truly a brilliant mind, but was often misunderstood. Her idea of imposing a poll tax was to actually limit taxation for she felt that if everyone pay some tax, then they would restrain government eliminating the socialist agenda go get them so I get more for free.