Sunday, October 14, 2012
The desperate balancing act of the PTB to maintain Bullion price balance and fiat printing is EXACTLY what is giving you more time to accumulate your position in physical metal. Part of the manipulation involves the ETF products that provide black hole for fiat to be poured into, falsely believing they are holding physical metal. On a side note the products like NUGT GDX etc. also divert fiat from the metal and miners. These are very important products invented by the PTB that exist to prevent an "OVER-RUN" or "Breach" of the physical and miner markets. With liquidity at extreme levels there must be large black holes created to absorb the excess fiat created that wants to "invest" in this safety trade. Not to beat a dead horse but there is going to be a day of reckoning as these bastardized vehicles when the unwitting participants try to get out of a very small door. This event will provide a massive move in the actual bullion price and miners shares. I might as well bring up the "allocated" shares issue here as well. Most of us have probably read articles on this already but I have to repeat that you can increase your "insurance" in your brokerage account by having your brokerage send you the actual stock certificates of your mining shares. This is advice that is very difficult for the swing and day traders to head so each of you will have different responses.
The next few weeks should see another large move in the miners beginning so your agony is nearing an end. This may start out with a whimper just as the last big move did, but nonetheless it is near. The money printing is not going to end this year or next so the trend in the miners will remain up. The short term path is going to be the only question. BTW the election is only a diversion. Its already been decided. Obama WILL be elected contrary to illusion there is a horse race. Remember......these events are no longer left to chance....gl
Posted by kliguy38 at 3:11 PM