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Gold Moon RisingAlex Wallenwein Yes, gold is being manipulated - but so what? Patience, my friend, patience. Don't you see what's happening? Gold is "manipulated" for sure, but that's a very broad term. The US would generally like to keep it down, Europe wants it to rise, but slowly, very, very slowly. The Chinese like it cheap - and so do the Arabs. It allows them to buy more of it for less money. In the end, what is really happening? Europe and the US are wasting their precious resources and general confidence-capital to try and keep its price under wraps, somewhat at least - and the Chinese and Arabs are the real beneficiaries. Those two blocs just love gold manipulation - and they have no interest in ending it. The Arabs have benefitted from it for the longest. They've been using expensive dollars to buy cheap gold for decades now. Then come the other Asians. They still have a cultural affinity for it that has not quite been bred out of them - yet. But during the 1990s Asian Contagion currency crisis they all dutifully sold their gold to their governments and bought US treasuries instead except ... ... except for the mainland Chinese. They were anecdotally reported to be buying it wherever anyone was willing to sell it: In Africa, in Europe, in the Middle East, you name it, they were there, crawling all over the place, hungry for that yellow stuff. Not the peasants, of course. They weren't even allowed to own any yet until 2003. Unofficially, the Chicom government must have amassed quite a fortune during those gold-buying heydays. Of course they don't report it. They aren't stupid! If they did, the price would go up and they'd have to pay more for it. Ha! What are you thinking? Only American and European gold bugs got depressed. Why? They don't have that long-range view that is so necessary when you're dealing in the most ancient of all modern currencies. They just wanna make a quick buck. They are buying it on margin, or even "invest" in futures or options ... ... and they wait ... ... and wait ... ... and wait. And then they get depressed and they sell some ... ... and then sell a little more ... ... all the way down to the bottom of the bankers' feeding trough. At the bottom they are out of money and out of gold, and they go "bahh!" Who needs that stuff? Who can make money with that when it's so heavily manipulated? But then the price starts to rise ... and rise .... and rise ..... and it just won't quit. They read articles praising gold as an investment. They start to feel some of that old fire again, that giddy feeling that comes when you see gold getting near what people tell you is the "breakout point" ... and they start buying again. And then some more, and more, and more. Meanwhile those who would control all voluntary human interaction on earth draw their plans. They see the rally, they see the pressure under the market. They feel the threat, and they band together, once more, and they use their enormous resources to BUY gold, their enemy, their nemesis. They buy it and buy it and buy it and in the process they push the price higher, and higher, and higher, way into overbought territory - and then they sell! They sell and sell and sell until the price drops and drops and drops, and all of those old time gold lovers who have just rediscovered their old love for gold get scared and they sell, too. Repeat the above procedure for as many times as you need and you have depressed gold bugs, stressed out but momentarily relieved bankers and politicos, and a whole bunch of happy little Chinese and Arab guys who are rubbing their grubby little hands together and buy into yet another one of those god-sent gold dips. Why don't more of us do it like the Chinese and the Arabs? Why leave all the fun to our sworn enemies? Is America, is the West going to wake up - ever? I sure hope so. If it's not Americans, then it'll be Europeans. I know somebody is using those euros to buy gold - otherwise the euro-gold price wouldn't be rising so fast. But somebody is using dollars to buy gold, too - otherwise the dollar-gold price wouldn't be rising despite generally (still?) rising dollar values. Who might that be? Might it be the Chinese and Arabs who have way too much dollar-cash lying around? It sure isn't Americans who are buying all of that gold. Americans are way too tapped out from taking money out of their homes and buying all those Chinese goodies at Walmart. Who will have any money left to buy their houses when the auction man comes by and puts them on the auction block? Maybe the Chinese will duplicate what the Japanese did in the eighties - in our time. Say welcome to your new neighbors, Yankee! They will also end up being our new masters - unless we wise up just a bit as a group, as a country, hopefully, and start buying some of that yellow stuff ourselves and, for Pete's sakes, hang on to it for long enough to make a difference, this time! If not, better learn how to say "welcome" in Mandarin and practice your curtsy like the Clintons did when Jiang Zemin came over in 1997.  Got gold? Alex Wallenwein In this multi-decade gold bull market, the old investment maxim of "know when to buy and when to sell" has been replaced by "know when NOT to sell!" Euro vs.Dollar Gold Monitor subscribers know when not to sell. 321gold Inc |
