Loading ...Frankly Speaking
My Alternative Swiss Frank Analysis vs NorthStar’s and Patrick’s analysis
I do not see a breakout in the Frank.
The Frank is usually positively co related with Gold
Note the warning about a year and a half before gold Crashed
Now we have Gold taking the lead. Which way (if any) does this resolve ?
This means Gold has been rising while the Frank is doing NOTHING.
This is in keeping with the theme Gold is rising in all currencies .
Which of course means it is becoming THE strongest Currency while all the others
Including the Dollar are crashing and burning
BUT strictly speaking the Swiss Frank is NOT breaking out…it is and has been as flat as a pancake for 5 years .
Look how well behaved it is .
Whenever it reaches the top Bollinger Band it retreats.
It is below the 100 Month MA which is dropping.
This to me is proof that there is a behind the scenes agreement among Major World Currency Operators to keep them all within a small range IF POSSIBLE…and avoid the Race to the Bottom.
Ergo…I don’t think we need to concern ourselves with Currencies any more to determine where Gold is going.
So, I guess there is manipulation after all, Fully.
“This to me is proof that there is a behind the scenes agreement among Major World Currency Operators to keep them all within a small range IF POSSIBLE…and avoid the Race to the Bottom.”
Not talking about the Goldbug Ubiquitous Gold only manipulation to the downside by “The Powers That Be” …all day every day.
Not talking about whenever there is a few dollar downside to the Gold Price it is the Cretins again !
Talking about an agreement between Soveriegn States…..which is in their collective interest.
And it is just speculation at that…..due to lack of appreciable movement in these currencies against each other for a long while now.
Nice Try Sir North.
Strawman argument. Or at best a representation of the gold manipulation position at its stupidest.
The usual manipulation position is that there are multiple entities doing manipulating–various banks, governmental, and quasi-governmental entities. Sometimes they manipulate for profit, sometimes for policy, sometimes for both. They may want to manipulate the price up sometimes, not just down. Even to the extent that they want to suppress the price they will do it, according to the standard sort of hypothesis, not “all day every day” “to the downside”. Some entities may try to draw speculators and ‘bugs in to going long by pushing prices up too fast. Then they might do dirty tricks (change Comex rules for example) to reverse a rally and cause a plummet. Big banks might manipulate up and down in order to profit in both directions. Central bankers hypothetically might be pleased with such bidirectional manipulation since it might engender a long-term aversion for gold speculation or ownership in general. Also, if there is widespread anxiety about deflation and lots of public noise about gold only going up in inflation, they may let or even push it up in order to reassure the public.
What I have given above is the usual gold manipulation hypothesis, which is contrary to the idea that it gets pushed down day after day. Gold prices are something one would imagine that central bankers would be looking at and “target”. They look at many things. If they did not “target” gold prices along with other things they would arguably not be doing their jobs. But what do I know? Perhaps gold is something special for them so that they ignore it. I do not know what they do. They are not known for their transparency.
Very Good Karl
But my experience with the Manipulation of Gold is that whenever it goes down it is manipulation and when it goes up they have lost control and have to retreat.
Gotta keep trying. 🙂
Indeed.. gold not need wait for a chf break out to occur… as gold in usd and all other fiats has already started its bull era.