27 February 2014

Gold Daily and Silver Weekly Charts - Heart of Gold

"The desire of gold is not for gold. It is for the means of freedom and benefit...For what avail the plough or sail, or land or life, if freedom fail?"

Ralph Waldo Emerson

"Over the long run, the price of gold approximates the total amount of money in circulation divided by the size of the gold stock. If the market price of gold moves a long way from this level, it may indicate a buying or selling opportunity."

Ray Dalio

That latter quote from Ray Dalio is what is known as 'the fundamentals.' When the price of gold reverts to the mean of its valuation, despite the best efforts of the banking cartel to oppose it, then we are going to see an absolutely mind blowing adjustment of price to market.

It is much better if it happens in stages, rather than in one fell swoop. But then again, it is probably foolish to credit the ruling classes with self-awareness, much less wisdom.   They are environmentally psychopathic, in a world unto themselves.

There was more shuffling around of bullion between the warehouses, but nothing particularly meaningful happened yesterday.  Or today for that matter.  We are in a phony market, a seeming impasse between the bulls and the bears.  But this in only in the market that we can see, or rather, are allowed to see.

When will this end? I think Tolstoy said it this way. "Truth, like gold, is to be obtained not by its growth, but by washing away from it all that is not gold."

A new study indicates that the gold price may have been manipulated by the London fix for a decade or more.   This is in contrast to the pristine price discovery to be found on the Comex, according to a five year study of extremely odd price fluctuations and outsized market positions in the silver market, that was led down a blind alley by a spineless bureaucracy and quietly strangled.

There was intraday commentary titled The Scandal In America That Is Hidden in Plain Sight.

While it is addressed in particular to the States, the same words can certainly apply to most of the English speaking nations.  And much of Europe as well.   They have created that most ironic of remarkable things, a social environment that is hostile to human life.

Powers and principalities, the rulers of the darkness of this world, and wickedness in high places.  C'est la guerre, sans fin. Ainsi soit-il.

Have a pleasant evening.