Loading ...A comment by Bill Holter on market manipulation
This is from billholter.com:
“Imagine that? We have said this for years and been called “conspiracy theorists” for even having the thought. ALL markets are rigged and it starts with gold and silver as they are direct competitors to the world’s fiat currencies. It all starts with suppression of gold’s (and silver) price so they can point at gold and say “see, dollar good …gold BAD!” Rigging the juniors (and even majors) is child’s play because the volume is thin, and regulators look the other way. You may remember 2+ years ago when some of the juniors tripled in price in just one or two days, this I believe was a cleaning up of naked shorts and allowed a “reload” (re short) at much higher prices to rinse and repeat the scam. As the global Ponzi is about to fail, these riggers are about to get the religious experience of their lives! Gold will again be seen as “money”, which will make high quality gold and silver bearing properties “banks”. The train is now leaving the station. You either get on board now and take a ride to the greatest redistribution of wealth in human history, or …wallow with no purchasing power in the debt-based currency system as it bankrupts into a vortex that will take everything paper straight to hell!”
Tanks for posting this Goldcreek . Good to see you
Bill Holter is a card carrying Perma Gold Bull
He has been preaching this line for like 20 years originally with Bill Murphy …”Midas”
A lot of Goldbugs have lost a lot of money investing in this thesis over the years
I guess he will be correct ….some day…But for me these guys have lost all credibility
JMHO
Yeah, I hear you. I believe Bill is a good guy but I agree with you. In regards to the juniors, I have noticed on some days that the volume goes way up after a stock price starts climbing and then by the end of the day the stock is way off its highs. It does make wonder if its the algos kicking in bringing the price down.
I wonder why anyone would bother to manipulate these “juniors” They are inconsequential to the TPB IMHO.
They only need to control the Price of the Metals to keep a lid on enthusiasm for this sector
Good observation. While PTB do concern themselves with manipulating the metals to keep a lid on the sector as you stated, when they do that and the rare times where pressure builds up and they allow a period of upside excess, the miners and their promoters take advantage to issue shares, sell calls, borrow money etc. because they know it was unlikely to last. That is how the miners and particularly the juniors have a quick sharp rise and then come back to earth again. Not the PTB actually controlling them directly,but the marketplace reacting to the cycle.
I haven’t go and read what else he said, but generally, when you hear this kind of story (“government manipulation until now, but now will moon!”) – usually there is no good, coherent explanation, if there is manipulation, why will stop now, what will now prevent further manipulation.
That being said, I’m invested in silver so much, that I can’t wait one day to start moving. I will be seriously offended 😉 if silver soon (year or two) doesn’t go over all time high. Sooner, better, since I’m getting tired of waiting.
The Market can remain “Irrational” longer than you can remain solvent
Not sure who said that but it’s true
” I will be seriously offended ? if silver soon (year or two) doesn’t go over all time high.” IMO, I believe you are referring to its price in $us. What you should be more patient to wait for is for silver’s purchasing power increase. You can use gold/silver ratio or other ratios $gaso/silver, $twic/silver, etc. to measure value.
That is a good one JSKauai and you are correct. Are you are aware of any website where these kind of xxx/silver-ratios are listed? TIA