VANCOUVER (Silver Gold Bull) -- Following the solid gains in the price of gold
- The Corporate Media announces in advance that "all eyes" are awaiting some upcoming propaganda bulletin and then hype it day after day as the event approaches
- The bankers focus all of their market-rigging activities on that day, so when the "prediction" comes true (surprise, surprise) they can pounce on the market and (initially) drive prices lower based on the "reason" being hyped by the Corporate Media all week
- Once the downward momentum has been built up, the bankers then attempt to drive all leveraged traders out of their positions, creating yet more downward momentum and causing all sorts of "technical damage" on the charts
- The Corporate Media then hypes that technical damage as a further "reason" to do more gold- and silver-selling
Comex Gold Backs Down as Bernanke Holds Off on Fresh U.S. Monetary Stimulus PackageHowever, by that time the Big Buyers had already started buying, and the price of gold started to rise. A mere 10 minutes after the bankers had taken the price of gold to its low of the day; the Big Buyers totally reversed this downward move -- and took the price of gold to what was (at that moment) its high price of the day. As I'm writing at this moment, the price of gold has moved above $1680 an ounce, a greater than $30-per-ounce reversal -- and a devastating defeat for the banking cabal. About the only thing more "bullish" than a rising chart is a chart showing the price being pushed down, and then strongly reversing higher. This picture tells any/all knowledgeable investors that this is a buoyant market, one which is "trying" to move higher. Since most of the traders (i.e. gamblers) who dominate daily action in markets don't understand the fundamentals, they allow themselves to be totally guided by such momentum indicators. We now have back-to-back weeks in the bullion market each painting a different picture of the bankers' (new) inability to cap prices. Last week, we saw a market steadily rising day-by-day. Following nearly six months of totally indecisive price-action, it was a strong indication that "the next rally" was here. Today we received reinforcement of that message: the bankers attacked the market with one of their coordinated operations -- and were soundly thrashed by the "longs." The rally has been confirmed. Now it almost appears as if it is the Bulls in the market who have been writing the script. Not only do we see two consecutive weeks of unequivocal bullish strength to proclaim a new rally in the gold and silver markets, but both gold and silver are poised to complete what is known as "the Golden Cross." This is where not only the current price, but all shorter-term moving averages (price-averages) "cross" above the long-term (200-day) moving average.