Thursday Conversation - Chris Powell

47

Chris Powell of GATA joins us for a an interesting and enlightening Thursday conversation.

Over the course of this discussion, Chris and I hit three, primary points:

  • the primary work of GATA and the ongoing central bank interventions in the monetary metals
  • recent efforts to inspire government regulators to look into the mechanisms of price manipulation
  • the ongoing yuan-gold and/or SDR-gold "peg"

Many thanks to Chris for his time and please be sure to support GATA if you can. They are an invaluable ally in the fight against precious metal price manipulation and government-sponsored market intervention, in general.

TF

  47 Comments

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hindsight101
Oct 21, 2018 - 5:24am

Having some trouble getting

Having some trouble getting on....this is a test

AngryCitizen
Oct 13, 2018 - 12:24pm

How Do I Keep Track

Of it all? It's beyond what I have time to do.

I guess I'll just be thankful that I can take advantage of the "blue light special" and stack some more...

Thomas More
Oct 12, 2018 - 10:20am

These things

take time to turn around.

You got to get the knife catchers out of the way, the short sellers profit taking, algos rebalancing, margin guys covering margin calls - and Central Banks throwing in the towel (ha, ha - only kidding). They are strapped in there like the Kamikaze.

All above references to the SP - which influence gold and silver.

Wizdum
Oct 12, 2018 - 10:10am

more like..

..frustration

R man J
Oct 12, 2018 - 9:54am

Miners are being crushed

So they let gold and silver ETFs drift up, but they can still crush the miners.

HVGDF (-18%), SLVRF (-8%), USAU (-11%); FFMGF, EXK -5%

Thomas More
Oct 12, 2018 - 9:48am

Wizdum

are you feeling fidgety today?

Wizdum
Oct 12, 2018 - 9:44am
Oct 12, 2018 - 9:26am

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AKA AuAgforever AIJ
Oct 12, 2018 - 9:25am

McHugh / ready for the PM rally?

"Stocks Plunged across the board again Thursday, October 11th. They topped on our recent Phi mate turn date October 3rd, and have declined sharply since, the Industrials down almost 2,000 points. This plunge is a small degree wave 3 down move, or part of 3-down.The Bull market from 2015 looks complete, as its wave v-up move looks complete. That wave formed Rising Bearish Wedge patterns to identify the end, as they are termination top patterns. These patterns give downside price targets, which will be the initial downside price targets for the new Bear market. Those downside price targets are 24,000 in the Industrials, 2,600 in the S&P 500 and 6,400 in the NASDAQ 100.

There will be short-term rallies as this Bear market continues, and some of those rallies could be explosive. Our Plunge Protection Team Indicator moved to an "On" signal which means the odds are high that the PPT is buying the market hard and could force a short-covering countertrend rally at any time. Several indicators are showing the stock market is approaching a short-term oversold level. While more downside is possible over the short-run, we must be watchful for a short-covering corrective rally.

Our HUI key trend-finder indicators generated a new Buy signal Thursday, October 11th, as Mining stocks rose sharply. Gold and Silver also rose sharply. These markets could have completed wave 2-down and are now starting wave 3-up. If so, this could be a dramatic Bull market starting. The HUI Demand Power / Supply Pressure Indicator also triggered a new Buy signal Thursday."

Thomas More
Oct 12, 2018 - 8:34am

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