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horgad
1000+ Penny Miser Member
USA
1641 Posts |
 Posted - 08/11/2008 : 08:14:09
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The truth is coming out about the recent moves in the dollar, gold, silver, etc. I am waiting for permission from the author to post some more stuff here, but suffice it to say that the reason the dollar is moving up and gold and other commodities are moving down against all common sense is that there was a large recent manipulation effort by the US.
This is illustrated by a large recent decline in the EURO reserves held by the US. In other words, the US was been buying dollars and selling EUROs in size in order to manipulate the dollar upwards and oil, gold, silver, etc. downwards.
In this chart ESF stands for Exchange Stabilization Fund. The blue line shows a big dip in July in how many Euros that the ESF has. I expect another big dip in August as soon as the data is released. Full credit goes to Bart13 over at You must be logged in to see this link. :
Source:
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Bonus Info On the ECB Manipulating the Gold Price (also from Bart13):
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Edited by - horgad on 08/11/2008 10:04:34 |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 08/11/2008 : 11:49:12
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| Plus they skipped the weekly FDIC bank seizer. Maybe a coordinated effort to prop up the dollar, drive down oil, and increase confidence. |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 08/11/2008 : 12:37:37
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quote:
Originally posted by horgad
The truth is coming out about the recent moves in the dollar, gold, silver, etc. I am waiting for permission from the author to post some more stuff here, but suffice it to say that the reason the dollar is moving up and gold and other commodities are moving down against all common sense is that there was a large recent manipulation effort by the US.
This is illustrated by a large recent decline in the EURO reserves held by the US. In other words, the US was been buying dollars and selling EUROs in size in order to manipulate the dollar upwards and oil, gold, silver, etc. downwards.
Absolutely. The Plunge Protection Team has been working overtime! I have been suspecting this for a while now.
I have no proof, just gut feeling and intuition, but I think this also ties into the upcoming election.
All the idiotic clap trap about speculators being the cause of rising crude, and how the saviors of the universe, the Democrats, who because of their recent assault on this non-problem have miraculously caused crude prices come down.
To the average idiot American, they think it was the speculators and the Democrats are the answer to the nations economic woes.
Only aids in getting Comrade Obama in the White House and giving the Democrats a bigger majority in both houses of congress. Also dupes the stupid sheeple into believing the government should regulate every facet of our lives.
Other than the election, I don't know what the PPT hopes to accomplish long term with these shenanigans. The damage has been done, they are only postponing the inevitable.
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TenBears
1000+ Penny Miser Member
USA
1021 Posts |
Posted - 08/11/2008 : 18:02:26
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| I am no world market expert. But, I wonder if the recent Georgian war is driving up the value of the dollar over the last few days as well? |
"Rich," the Old Man said dreamily, "is not baying after what you can't have. Rich is having the time to do what you want to do. Rich is a little whiskey to drink and some food to eat and a roof over your head and a fish pole and a boat and a gun and a dollar for a box of shells. Rich is not owing any money to anybody, and not spending what you haven't got." Robert Ruark
there are too wild Indians...
there are too wild Indians...
there are too wild Indians...-----still taunted
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 08/11/2008 : 18:18:21
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quote:
Originally posted by TenBears
I am no world market expert. But, I wonder if the recent Georgian war is driving up the value of the dollar over the last few days as well?
It should be driving up the price of oil. The ground they are fighting over is major strategic energy transportation route, but so far the manipulation is winning over fundamentals. |
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pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
Posted - 08/11/2008 : 20:34:23
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The origins of 'the average idiot American'
formerly known as the villiage idiot from Europe
they didn't migrate from Europe, they were dumped here by European governments to get them off their hands,
or
much like domesticated turkeys, all of their intelligence was bred out of them. Wild turkeys know how to search for food, fly, avoid preditors, etc. domestic turkeys have to be tought darn near everything. (Maybe that was the reason Ben Franklin suggested the turkey to be the symbol of the US, the ones that valued freedom remained smart while those who chose comfort over freedom and wisdom ended up as dullards. I am referring to turkeys, I think.)
All kidding aside, I seem to recall that when some pipeline in Nigeria was attacked oil went up over fears of a decline in crude, yet a war is going on between Russia and Georgia but the oil markets don't even give it a second thought, and the conflict hasn't caused investors to rush into silver or gold to protect their wealth. If this isn't the tail wagging the dog it comes pretty darn close. |
Edited by - pencilvanian on 08/11/2008 20:36:21 |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 08/13/2008 : 12:56:38
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| I've been watching the Georgia "conflict" but it is more like the Russians doing exactly what they want with no one to stop them. US can't do anything. Security council is powerless due to Russia's veto. There is no benefit to Georgia or Russia messing with those oil pipelines, and this the war is officially over already (though Georgia says the Russians are still hitting them in one town). No surprise if the Georgia conflict is not enough to stop the downward momentum on oil right now. |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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scooter
Penny Pincher Member
240 Posts |
Posted - 08/14/2008 : 21:29:55
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| the last seven years we have had a republican president. Now take a look at 7 year charts for metals. Notice something? I support neither Dems or Republicans and i understand the real spirit of the fiscally conservitive republican. So to the people on this site that just blindly blame the Democrates & Obama forfor all your problems today try and remember that the one in office is Bush and its the criminality of all the neocons that have been really sticking it to you for the last seven years and maybe decades. Ron Paul shouldve been president in a perfect world. |
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Nickelless
Administrator
USA
5580 Posts |
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kieblera5
Penny Hoarding Member
USA
859 Posts |
Posted - 08/14/2008 : 22:06:41
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quote:
Originally posted by Nickelless
According to APMEX at this moment, the ask price for silver is 12.88, down 1.43:
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Unbelievable. I'm becoming more and more convinced that you guys are spot-on about market manipulation.
Dang... If only I didn't spend $400 today on silver already... |
Democracy is being allowed to vote for the candidate you dislike least.
Never argue with an idiot. They will drag you down to their level and then beat you mercilessly with experience.
Caller number seven gets the Peace Prize!
Get coding tips, tricks, and more at: http://codingmonday.blogspot.com |
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Nickelless
Administrator
USA
5580 Posts |
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The truth is coming out...
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