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Au-myn

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HUI eyeing 324 resistance as next hurdle.

View attachment 253036

Updated chart with the 328 entry buy signal.

hui3.png
 

Au-myn

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China and Russia in Close Cooperation aiming for Win-Win in Gold Markets​

  • 12 Apr 2022

In a development which the participants understood the importance of then, but which the wider financial markets may understand the importance of going forward, on 29 June 2021 the Shanghai Gold Exchange (SGE) hosted a China-Russia Precious Metals Webinar with Russia’s de facto precious metals authority the “Self-Regulatory Organisation ‘National Financial Association’” (SRO NFA).

Share the Opportunities​

Referred to by the SGE in typically long-winded fashion as the “Friendly Cooperation and Share the Opportunities – China-Russia Precious Metal Market Webinar”, the event, said the SGE, successfully promoted “the win-win development of the precious metal markets in China and Russia”.
SGE-SFA-webinar.png
China-Russia Precious Metals Market Webinar – 29 June 2021
For those who have not heard of Russia’s SRO NFA, the NFA is a professional body which literally represents the entire Russian financial sector from banks to investment houses to securities trading companies. According to its website, the NFA:
was established in 1996 by the major participants of the Russian securities market, under the patronage of Ministry of Finance of the Russian Federation and the Central Bank of the Russian Federation.
..More than 75% of NFA members represent banking institutions.

Additionally, the NFA website says that:
Currently, it [the NFA] includes about 300 Russian securities market participants from 28 regions from 9 Federal districts in Russia. Their operations make up more than 80% of the Russian financial market.
Turnout for the Shanghai Gold Exchange’s 29 June 2021 webinar event was large, says the SGE, with “nearly a hundred representatives of market participants from the Chinese and Russian precious metal markets attending the webinar”, and at which participants “discussed trading opportunities in the precious metal markets of the two countries”.
In its press release, the Shanghai Gold Exchange said that the Sino-Russian webinar was “the first cooperation project between SGE and SRO NFA since the signing of an MOU in 2020”.

Memorandum of Understanding​

The MOU that the SGE is referring to here is the Memorandum of Understanding (MOU) signed by the Shanghai Gold Exchange and Russia’s NFA at a ceremony on 24 November 2020. For more details about the MOU signing see here. Prior to the MOU signing in 2018, the NFA and SGE agreed to begin cooperating. See details here.
MOU.png
MOU signing by the Chinese (SGE) and Russian (NFA) gold market bodies, November 2021
At the 2020 MOU signing, which was attended by the SGE President, Wang Zhenying, and the Bank of Russia’s Director of the International Cooperation Department, and Andrey Lipin, Zhenying of the SGE said that following the signing of the MOU, the SGE and SRO NFA would “strive to explore and complete the new field of Sino-Russian gold market cooperation, in addition to promote the connection and development of both markets
Russia’s Lipin said that the Bank of Russia would “support cooperation and accelerate the complementary development between the Chinese and Russia gold markets”.
Fast forward to the SGE’s June 2021 webinar, and the SGE reiterated there that:
in the future, both parties will continue to work to establish a communication platform for investors in both countries, to promote a win-win situation through cooperation and the healthy development of the two countries’ gold markets.
If those intentions looked noteworthy back then in late 2020 and mid 2021, imagine what they might mean now in light of the current massive sets of weaponised sanctions against Russia, and China’s willingness to take Russia’s side.
The November 2020 MOU ceremony was also attended by the chairman of Russia’s NFA, Vasily Zablotsky, who at the event promised that the National Financial Association would “play the role of market organizer” to “facilitate Russian institutions to access China’s gold market”.
What could Zablotsky have meant by that?
Xi-Pu-1.jpg

Let’s look at which Russian entities are members of the Shanghai Gold Exchange (International Board). Looking at the international members list, we see that there are four Russian entities featured, three of which are the heavyweight Russian banks central to the Russian gold market, in the form of VTB, Sberbank and Bank Otkritie, and the fourth which is the SFO National Financial Association itself.
Hmmm. Aren’t these 3 Russian banks all now sanctioned by the US-UK-EU, with sanctions targeting these banks all across the US and Europe as well as in the London gold market (where VTB and Otkritie were kicked out of the LBMA)? Yes they are. But not in China, since as you can see, China isn’t playing the US-EU-UK sanctions games.
And there’s that name again, Russia’s SFO NFA, a name which seems to constantly crop up at the core of this blossoming Sino-Russian gold market cooperation.
If you still haven’t heard of the SFO NFA, maybe you have heard of the annual international “Russian Bullion Market” forum which is organised each year by the SFO NFA, and which last took place on 18 November 2021 in Moscow, Interestingly, some of the big Russian banks such as VTB and Sberbank also sponsor that forum.
Also notably, the World Gold Council (WGC) was also a sponsor of the SFO NFA’s Russian Bullion Market conference in 2021 and in 2020 – See the WGC’s dedicated Russian gold website ‘GoldinRussia.ru’ for details. One wonders however whether the WGC will be so eager to repeat its sponsorship for the 2022 forum in Moscow. Methinks probably not.

A Who’s Who of Russian Banks​

Importantly, Russia’s National Financial Association (NFA) also has a dedicated Precious Metals Market Committee. And its membership list reads like a who’s who of all the big players in Russia’s gold market from the banks and the Russian government.
Let’s take a look. The chairman of the NFA’s precious metals market committee is Cherny Yury Vitalievich of Gazprombank. Other members of the precious metals market committee include representatives from VTB Bank, Sovcombank, Sberbank, Gazprombank, Metcom Bank, Lanta-Bank, Bank Uralsib, Promsvyazbank, Asia-Pacific Bank, and Rosselkhozbank, as well as the representatives from the Moscow Exchange, the SRO NFA, and the Russian Association of Precious Metals Market Participants.
Russian government entities are also represented on the NFA’s precious metals market committee in the form of Alexandrovna Goncharenko Yulia who is Head of the Precious Metals Department at the Ministry of Finance of Russia, Ministry of Finance of Russia, Alexey Vadimovich Lyashchenko who is a member of the Committee on Financial Markets at State Duma of the Russian Federation, and Larisa Konstantinovna Selyutina who is Director of the Financial Market Infrastructure Department at the Bank of Russia.
If you are wondering why Russia’s Ministry of Finance is heavily involved in Russia’s precious metals market, a part of the reason is that the Ministry of Finance controls the Russian State Fund of Precious Metals and Precious Stones (which can own monetary gold), with the Fund being administered by The Gokhran.

Conclusion​

So this is the Russian group that will “play the role of market organizer” to “facilitate Russian institutions to access China’s gold market”, and in the words the Bank of Russia “accelerate the complementary development between the Chinese and Russia gold markets”.
Meanwhile, back in the US, the US senators looking to ‘freeze Russian gold’ don’t seem to have grasped how out of touch they are with these rapidly developing Sino-Russian gold market developments through the SFA – SGE cooperation. Foothills of the Himalayas malarkey this is not. With their gold market collaboration, the Russians and the Chinese appear to be aiming for the Summit.


 

solarion

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Never fear...the tireless criminals over at the CME group have a solution...

1649849891549.png


See...you don't have to go all the way to Shanghai to enjoy a physical gold market! You can go right to comex/globex/nymex and pretend you're buying physical gold at the SGE there! They even have a "test your knowledge" section on their lame website to make it abundantly clear that what you're buying is paper counterfeit gold...that you can pretend is real gold from Shanghai.

1649850104231.png



The amazing thing is that we ever allowed markets to get to a point where paper derivatives set the price of physical commodities at all. Talk about the tail wagging the dog.
 

Uglytruth

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If they convert us to digital the only way to sell it will be barter.

Edit to add our metals.......
 
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madhu

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Scorpio

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hey guys,

a couple of things you might just keep in the back of your mind,

we have spoken how many interrelationships of this vs that have not been following past patterns,

well, we have usd painting highs now over 100 on the index,
the dollar has been strengthening markedly

and yet, oils are real strong
natty is nutz to the up (your heat and air con bills going up, as well as your tesla charging)

metals continue to show some strength in the face of that dollar strength

stocks have been moving down, as well as bonds,

that one is against historical norms for sure, as usually leaving stocks = hiding/buying in bonds,
and that relationship is toast as both have been moving down

that begs the question, where is the dough going to hide?

then too, with dollar strength, where are the overseas buyers that usually come to US plays when the dollar is moving up?


sc.png
 

Scorpio

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whether it is supply chain, availability, or int rates,
no mistaking that new home sales are down yoy

look at the march from last year vs this march, 873 vs 772

11,000 less homes sold for the month at 511 avg is $5.6B less in economic transactions

on the chart you can see the lack of sales last summer with all the talk of supply this or that,
then they cleared a bunch of them by end of year. You can see the high spike in Dec.

but, do they have a lot in the pipeline this year or?


new home sales.jpg
 

Scorpio

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now we will zoom out a bit,

first the 5 yr chart of same, then the 10 yr,

and you can see the spike and now the return to a more normal trend projection

5 yr.jpg


10 yr.jpg
 

Uglytruth

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Would be interesting to see the 80's & 90's figured. After the late 70's early 80's slump & high interest rates & savings & loan scandle and in the late 90's glass segal change bill killinton passed so everyone could be a home debter / owner.

Interesting to know how many people own multiple homes. Say a family trust with 4 homes for the kids & a vacation home type of thing.
 

Scorpio

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to answer your question, we are below the level of housing bubble one beginning and far below that peak
this is 25 yr


25yr.jpg
 

Scorpio

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A thing to note, metals were rising with a rising dollar

It was kind of assumed that had to resolve itself,

Now we have metals declining along with the dollar, since they both peaked out,

that still needs resolution

from the charts you can see gold rising at the same time the usd has been moving up

see that first peak in gold? it coincided with a near term high for the dollar also
note how they both rolled off those points in time agressively

usd.png


go.png
 

Scorpio

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then to add to that, with the dollar weakness, the crypts are up,

taking the place of what metals 'used to' do re the dollar movements
 

Pyramid

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USD at ~102.4 now, this upward move has been pretty amazing to witness, even though there is arguably no logical reason for the upward move, other than being the prettiest pig in the slop and jawboning by the Fed that is overwhelming the Eurozone, Chicom currency, etc... Big up moves, with some "corrections" and sideways movement in between. As Scorpio has alluded to multiple times recently, sometimes there is a correlation between USD and RE, gold, oil, commodities, stocks, bonds, etc., sometimes there is not. At the moment, it appears every baby is getting thrown out with the bathwater...banksters need capital at your expense. They sell what they need to, not necessarily what they want to, at a profit to cover losses elsewhere. REHYPOTHICATION.

I know nothing, but this seems like a an engineered setup aka 2008 where everything will crash and burn. No safety/yield/growth anywhere with the ensuing recession. Again, I know nothing, but parking cash seemingly is a good idea, then picking up bargains when the ensuing recession is over. Hopefully that will occur after the 2022 midterms, if not after the 2024 elections. In the meantime, we are in for some tough times for investment capital IMHO.. Looking forward to your opinions, and good luck out there folks.
 

the_shootist

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What kind of bizzaro world are we living in now when after the government announces that the economy SHRANK 1.4% the DOW goes up ~700 points and PM spot prices pretty much shrug it all off?

WTF????
 
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Casey Jones

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What kind of bizzaro world are we living in now when after the government announces that the economy SHRANK 1.4% the DOW goes up ~700 points and PM spot prices pretty much shrug it all off?

WTF????
They're all expecting more QE.

It's not an unreasonable expectation. They'll QE until the dollar's value is nothing.

But these Crony Woketards don't think it'll happen, because it's never happened in their experience. Their 30 years of living; their eight years or so, of trading. They didn't study history - they just bought the answers to their perfunctory history exams in koledge - so they don't know of great civilizations that HAVE collapsed, and of currency collapses all through history.
 

tigerwillow1

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What kind of bizzaro world are we living in now when after the government announces that the economy SHRANK 1.4% the DOW goes up ~700 points and PM spot prices pretty much shrug it all off?

WTF????
This morning I read the news first and concluded oh shit, the stock market is going to tank today. Then I pulled up a quote list and everything on it was heading up. WTF? is the only explanation I have.
 

Casey Jones

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This morning I read the news first and concluded oh shit, the stock market is going to tank today. Then I pulled up a quote list and everything on it was heading up. WTF? is the only explanation I have.
It's simple.

A majority of stawk trades today, are INSTITUTIONAL.

And a vast majority of those institutions, are BANKS. Crony banksters.

The kids (23-year-olds) working the trading desks for those banksters, buying for the House accounts...know that more QE is coming. So they're buying in anticipation. The greater the arbitrage spread when they sell (they always sell, to churn; they have to pay back the Fed overnight loans) the greater their bonuses.

There will be no correction until everything collapses, and that's probably going to be a sudden event.
 

WillA2

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Uglytruth

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Boomers have money in the market because few have pensions........
Younger under 40 have very little.
Gotta make everyone broke.
Zero interest rates for over 10 years......
QE 4eva devalues everything
Inflation takes care of anyone trying to slip through the cracks.
Crash market is the easiest way to take the boomers pension money that they have been scraping fees from for 40 years.......
 

Tbonz

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It's simple.

A majority of stawk trades today, are INSTITUTIONAL.

And a vast majority of those institutions, are BANKS. Crony banksters.

The kids (23-year-olds) working the trading desks for those banksters, buying for the House accounts...know that more QE is coming. So they're buying in anticipation. The greater the arbitrage spread when they sell (they always sell, to churn; they have to pay back the Fed overnight loans) the greater their bonuses.

There will be no correction until everything collapses, and that's probably going to be a sudden event.
More QE is NOT, I repeat NOT coming.


It is already here. I have been saying it for a while. They are walking the markets down, pumping in liquidity through the approved trading houses to make the landing *puked in my mouth* SOFT.

As it has been said here time and time again from my more knowledgeable compatriots the markets are rigged, and will always be rigged.

Not sure if we hit the low points from the COVID-BS crash, it may go lower. Inflation is out of control, interest rates can NOT be raised fast enough to squash it, and we have a bunch of money that is going to be pushed in to lessen the blow. It only gets worse from here.
 

Casey Jones

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Crash market is the easiest way to take the boomers pension money that they have been scraping fees from for 40 years.......
Yup.

I got my own clock cleaned, 2009. That's why I stack.
 

Au-myn

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Tbonz

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Buddy of mine called me in mid October '21, told me that he thought the market was going to be taking a dive and we would see the peak of the market in Nov '21. He stressed that tech stocks, crypto and a few other things were going to be hit hard. I went to a passive position with 80% of my positions, and picked up some precious along the way.

I think we are going to see a massive correction in the markets this year. The FED is still pumping liquidity when needed to make the crash a "soft landing," but it is coming.
 

Uglytruth

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Guy at work 55 years old is like a yo yo....... down around 75K this year. His mood is reflective of the market.
There is around 12T in paper wealth in retirement plans. Do you really think they will let you have THEIR money?
Poof & it all comes down and didn't really cost them a cent. It was just used to control people and skim for their benefit.
<40 generation have nothing so why should they be mad?
 

Casey Jones

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Guy at work 55 years old is like a yo yo....... down around 75K this year. His mood is reflective of the market.
There is around 12T in paper wealth in retirement plans. Do you really think they will let you have THEIR money?
Poof & it all comes down and didn't really cost them a cent. It was just used to control people and skim for their benefit.
<40 generation have nothing so why should they be mad?
That's where I was in 2009. The age and the money, or close to.

I chose wrong - to sell at a loss - but then I chose properly - to stack.
 

Tbonz

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Guy at work 55 years old is like a yo yo....... down around 75K this year. His mood is reflective of the market.
There is around 12T in paper wealth in retirement plans. Do you really think they will let you have THEIR money?
Poof & it all comes down and didn't really cost them a cent. It was just used to control people and skim for their benefit.
<40 generation have nothing so why should they be mad?
Makes you think they might come up with a new disease that might kill you, or maybe a cure that is worse.

Just saying.
 

Uglytruth

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Makes you think they might come up with a new disease that might kill you, or maybe a cure that is worse.
It's easy when you create both the problem then offer the solution........
 

hammerhead

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Why can't there be some semblance of a balance?
 

Thecrensh

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It's simple.

A majority of stawk trades today, are INSTITUTIONAL.

And a vast majority of those institutions, are BANKS. Crony banksters.

The kids (23-year-olds) working the trading desks for those banksters, buying for the House accounts...know that more QE is coming. So they're buying in anticipation. The greater the arbitrage spread when they sell (they always sell, to churn; they have to pay back the Fed overnight loans) the greater their bonuses.

There will be no correction until everything collapses, and that's probably going to be a sudden event.
Yeah...when it is time for the collapse, they will allow it...and only then.
 

Tbonz

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Why can't there be some semblance of a balance?
Um, I really wish that it would focus on the mouth breathers out there, it would make the world a much better place.

I really wish that I would be here 50 years from now to tell the IDIOTS that I told them so, but that is probably not going to happen.

So,............ I told you so for posterity.
 

Scorpio

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Not long ago we spoke of the usd and the metals going up together, pretty much against historical norms,
and it wasn't making sense,

sure enough, it resolved, and in a definitive way

the dollar kept moving up hard, and the metals have collapsed into a heap of dung yet again

raging inflation, massive over printing of fiat, and the metals collapse,
yeah, got it

totally makes sense...........................

and sure, the fed is supposed to be increasing rates this week 50 tics and more coming in the future, but will they have the guts to stay the course? Stocks are already backing off and rates have just started to be raised at the official levels.

the usd is up 45 to over 103 this am again, this chart is last closed day

1.png



for gold, you can see it was getting choppy as the dollar continued to rise, finally culminating in a move to the down,
as the fed continues to chirp about raising rates, behind the curve, etc. Again, this is not showing the evening and morning move


sc.png
 

Avalon

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Not long ago we spoke of the usd and the metals going up together, pretty much against historical norms,
and it wasn't making sense,

sure enough, it resolved, and in a definitive way

the dollar kept moving up hard, and the metals have collapsed into a heap of dung yet again

raging inflation, massive over printing of fiat, and the metals collapse,
yeah, got it

totally makes sense...........................

and sure, the fed is supposed to be increasing rates this week 50 tics and more coming in the future, but will they have the guts to stay the course? Stocks are already backing off and rates have just started to be raised at the official levels.

the usd is up 45 to over 103 this am again, this chart is last closed day

View attachment 256888


for gold, you can see it was getting choppy as the dollar continued to rise, finally culminating in a move to the down,
as the fed continues to chirp about raising rates, behind the curve, etc. Again, this is not showing the evening and morning move


View attachment 256889
Do you think gold is going lower ?
 

Scorpio

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from what I am looking at, yes

with the caveat being if the dollar tops out, then it could be due for a minor run
 

BarnacleBob

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from what I am looking at, yes

with the caveat being if the dollar tops out, then it could be due for a minor run

I dont think the world economy can effectivey operate without a stronger $. The long term U.S. interest rates are 5.5% - 6.5%.....a return close or to the average mean places the $ somewhere north of 115.... IOW AU & AG along with many other commods will decline in price....
 

Au-myn

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Three Questions About Gold Price Manipulation​




May 02, 2022

Profile picture for user Kelsey Williams

Kelsey Williams





There are three basic questions that need to be asked, and subsequently answered, regarding gold price manipulation. Here are the three questions:

  1. Is there an ongoing attempt to suppress the gold price?
  2. If so, is that attempt successful?
  3. If it is successful to any degree, does it matter?

If the answer to No. 1 is yes, then it follows that the answer to No. 2 becomes critical. We, of course, have to define what “successful” means. Finally, then, we can judge the effects of those attempts and their impact.


ATTEMPTS TO SUPPRESS GOLD PRICE


I think it is obvious that there are attempts to suppress the gold price, but we need to clarify some things before moving on to question No. 2.


Suppressing the gold price is not the primary goal. The goal is to support the US dollar. The purpose is to avoid or temper the crippling effects of inflation and the eventual demise of the dollar.


By doing so, the environment for banks to continue to lend money – and collect interest – in perpetuity is preserved.


Since the higher price of gold over time is a reflection of the loss in purchasing power of the US dollar, the focus and concern has to be the dollar. The logic is that if the price of gold can be suppressed, then the dollar weakness might be less apparent.


Functionally, this logic is similar to bonds and interest rates. If you want to manipulate interest rates to a lower level, and you have enough money, you buy bonds. Higher bond prices are the same thing as lower interest rates.


This particular strategy allows the US Treasury to borrow lots of money at cheaper rates; as long as the Fed and its primary dealers buy up whatever amount of debt isn’t sold at auction.


Sometimes, as in 2008 and again in 2020, a collapse in the credit markets is countered by the Federal Reserve gobbling up huge amounts of bonds and carrying them on their book for years afterwards.


In any case, the link between the gold price and the US dollar is clear. A higher gold price over time is indicative of a cheaper US dollar and vice versa.


ARE GOLD PRICE SUPPRESSION ATTEMPTS CONSIDERED CONSPIRACY?


Attempts to manipulate money and currencies have been evident for centuries. They are conspiratorial in nature, but they are not necessarily secret. They may also be interrelated to and part of larger conspiracy efforts that are incredibly more harmful and ill-conceived.


Regardless of the intentions of the perpetrators, at least with regards to money, the attempts are real and fairly evident. (see Gold market manipulation: Why, how, and how long?

)


GOLD PRICE SUPPRESSION SUCCESSFUL?


Are attempts to manipulate and suppress the gold price successful? Some people think so. Generally, that is the argument given by those who think the gold price should be much higher than it is.


How high should the gold price be? Answers given range from $3k to $10k and higher.


If the evidence of gold price suppression attempts are there, is the logic so simple as to infer that if it weren’t for the Fed, gold investors would be rich?


If one argues that “the gold price should be much higher” and it’s not, then logically, one might feel inclined to blame it on someone or something else.


Can a price projection of $3k gold justified? We have to know that any higher price expectations for gold are justified before we can assess how successful attempts to manipulate or suppress the gold price actually are.


For example, using $2k gold as our current benchmark price, and with the belief that gold should be priced at $3k, we are saying that gold is underpriced by fifty percent. Can that be attributed to price suppression?


If so, that would seem to indicate a reasonably successful attempt to suppress the gold price.


Absent the price suppression, then, would gold go straight to $3k? Maybe, but likely not. There are several reasons why not.


First, a gold price at $2,180 oz. would come close to matching its previous inflation-adjusted peaks from 1980, 2008, and 2020. At $2,180 oz., the gold price would fully reflect the additional effects of inflation since its peak of $2060 oz. in August 2020. Hence, at $2180 oz., gold reflects full value in current dollars.


Second, in order for gold to exceed $2,180 oz., there would have to be further apparent and sustained weakness in the US dollar. That may happen, but it will take some time.


And, should that occur, it will mean that the US dollar will lose a commensurate amount of purchasing power before the gold price can move higher.


Also, while the effects of previous Fed inflation are showing up right now, the US dollar has been stronger of late – not weaker. In addition, there are the possibilities of disinflation and deflation, neither of which bode well for higher gold price expectations.


Currently gold is priced reasonably close to its inflation-adjusted value. It has never exceeded that point in the past. Don’t expect it to do so now.


DOES GOLD PRICE SUPPRESSION MATTER?



Attempts to suppress the gold price may appear to have an impact but they will not be successful in keeping the gold price from eventually reflecting the US dollar’s actual loss in purchasing power. See the chart below…


Current Gold Prices (inflation-adjusted) – 100 Year Historical Chart


image-20220502150431-1



The three successive peaks on the chart above from 1980, 2011, and 2020 are nearly identical; and that is not coincidental. They are all points where the gold price matched closely its actual value.


Gold’s value is in its use as money. There is no other value to gold except in a secondary role as jewelry, or for adornment.


Those who speak most strongly about gold price manipulation seem to think that without price suppression gold would be much higher. But that assumption presumes that gold’s value is something else other than real money and a store of value. It is not.


In other words, gold is not subject to the law of supply and demand in the ways that other goods and services are. Nor, is it comparable to stocks or other financial investments, real estate, etc.


In other words, strong demand for gold does not drive its price up. Only the actual loss in purchasing power of the US dollar determines a higher gold price. Below is the same chart as above, but in nominal prices only; no adjustments for inflation…


Gold Prices – 100 Year Historical Chart


image-20220502150431-2



Looking at the chart immediately above we might feel that it is just a matter of time before the gold rocket launches us into ultra-wealth. At this point we need to remember that even though the price of gold tripled between 1980 and 2011, it was no more valuable in 2011 than it was thirty years earlier.


And one ounce of gold today at $2000 is no more valuable than it was a century ago at $20.


REVIEW AND CONCLUSION


Yes, gold price manipulation is evident and ongoing.


Whether it is successful or not is open to debate. At times it may appear to be so, but attempts at gold price suppression have never kept the gold price from eventually reaching its true value.


It matters not so much that gold price manipulation occurs, or that it may have an impact. What matters more, and that which presents a greater risk to investors, is unrealistic expectations.


It is unrealistic to expect substantially higher gold prices without an equally greater loss in US dollar purchasing power first. That could happen quickly or it might take longer than many expect.


Whatever the timeline, any appreciable movements higher in the gold price above $2000 oz. don’t present a profit opportunity as long as gold remains close to its previous inflation-adjusted high points. (also see Gold Gains In Price Only – Not In Value

and Not About Gold – All About The Dollar)


https://goldseek.com/article/three-questions-about-gold-price-manipulation