The similarities in gold this year vs last year
Craig Hemke and I compare the gold chart this year to late 2015. There are some striking similarities in terms of the pull back at the end of the year and to what happened in December of 2016. Plus the current gold pull back also happened last year in March. Craig points to a lot of different factors that he think will support gold but only time will tell.
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I hope Doc, Matthew, Excelsior, and Al are not Goldman Sachs agents!
Lol, no, they seem like genuine regular folks who have a thirst for answers to topics that concern them.
They don’t come across as unapologetic pumpers or bagholders for others.
If there are similarities between this year and last year does this also mean that the following 2016 year end price prediction from Turd 8 months ago still holds for the end of 2017 price target? Why wouldn’t it?
What happened with last years Maguire-like sensationalist synthetic analysis? These are fair questions if you’re inclined to consider the guests current analysis, right?
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A Timeline For The Next Rally In Gold
“…So, summing up, what should we expect going forward:
Further choppy to downward price action into late next week. It’s still possible that gold could trade as low as $1285 and back near its 50-day moving average before bottoming. This area has proven as support all year.
A renewed rally in August back to near, but likely not exceeding much, the highs of late June and early July. Something between $1370 and $1390. Talk will begin to spread that gold has seen a “double top”.
Another tumble in mid-late September as the next front and delivery month (October) comes off the board, However, October is never a big volume or big “delivery” month. Instead, most of the action after August typically shifts into the December contract. Therefore, following the 2016 pattern, any dropoff in September should be more shallow than what we’re seeing at present.
Then, finally, a breakout to new 2016 highs in October and November. This year-end rally should take gold all the way back to near the April 2013 manipulated breakdown level of $1525. Let’s call it $1475-$1525.”
https://www.tfmetalsreport.com/blog/7751/timeline-next-rally-gold
Timely and topical now that $1200 just went by the wayside again. At some point when the EU/Euro breaks apart and the USD soars we’ll close in on $1000 and break it imho.
For how long or how often we teeter-totter around $1000-950 is anyone’s guess.
The predictions and sensationalism around that time will be interesting to witness. The denial will run deep.
“There is ZERO CHANCE that gold is headed to $1200. ZERO.
Physical demand will not allow it. Additionally, at some point, mines will close due to the lack of profit on extracting difficult veins. This means even less supply. This is all well and good but it’s just noise.”
“Nope. I will eat my hat at 1200. It would be the opportunity of a lifetime. Post-whateverthisis, as fiat finally collapses, the world (including the U.S.) will be FORCED back onto a gold standard. A gold price that is anything other than multiples higher from here would be tremendously deflationary and counter-productive.”
“Simply divide your favorite measure of dollar money supply by the (alleged) number of ounces held by the U.S., add a few extra thousand dollars on for good measure to allow for overshoot, and you get an ultimate dollar value. Again, multiples higher than today.”
“Knowing this, why do I even care about $1550 vs $1500 vs $1450 vs $1600. It simply doesn’t matter toward the end game. And trust me, The End Game is coming a lot sooner than you think.”
There’s lots of questions out there regarding Andrew Maguires credibility for good reason.
Has Andrew Maguire been playing both sides of the fence?
I don’t believe the Fed Res angle but what about GS or JPM or some other vested interest?
Why does the majority of his sensationalist claims coincidently end up being terribly wrong far, far more often then not? Why might that be?
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“Is Andrew Maguire a US Federal Reserve Plant?”
Greetings my fiat friends. I trust that paper is keeping you well? None of the hyperinflation promised by the precious metal advocates? No real need for the barbarous relic that is gold? No. That’s what I thought.
Normally my inbox is filled with naught but threats from the precious metals cartel as well as cease and desist emails from Ben Bernanke’s secretary, asking me politely to refrain from daily notes of praise for the great man. Today I bring you a letter of a more serious nature. Frank Fiatstein writes in questioning, just who is Andrew Maguire? He is certainly not known by myself or my unnamed insider paper advocates as a double agent, but would I tell you if he was?
I would encourage you to share your thoughts in the comment section below, especially if you have any insight into Mr Maguire’s shady history…
– Paper Money Shield
Dear Paper Money Shield,
I am an investigative journalist looking into the murky world of precious metals. Your site has been a valuable resource and you are obviously highly connected in the paper money world.
I have come across some admittedly circumstantial, but highly compelling, evidence that a Mr Andrew Maguire is not all that he purports to be, and it is not favourable to your side. I believe that Mr Maguire is a US Federal Reserve plant, a double agent spy. Can you confirm or deny this? It seems to me that manipulation is not just on the goldbug side. Consider the following facts:
1. Mr Maguire came out of nowhere only a few years ago, with no previous involvement in the internet gold community. Google searches reveal nothing.
2. Mr Maguire is said to be a former Goldman Sachs trader. We all know GS has planted many former employees in government positions seeking to influence them to suit itself.
3. Jeff Christian, who also worked at GS, could not find anyone in the precious metals industry who had heard of Mr Maguire and Mr Maguire has failed to provide a CV listing his employment in rebuttal.
4. Searches on London newspapers such as the London Times, The Guardian, The Sun, and The Telegraph, for confirmation of the supposed hit-and-run that sent Andrew Maguire and his wife to the hospital give no results, which is strange for such a dramatic event which involved hospitalization, a head-on at full speed (with the driver hitting 2 other cars as he sped off), and police helicopters.
5. Mr Maguire supposedly has deep contacts in the precious metals market, yet did not inform his readers that a price smash was coming, causing them to lose a lot of money.
The lack of a prior history and inability to provide a CV are calling cards of a fake identity, created quickly. The hit-and-run adds the necessary drama to get the attention of the silly emotional goldbugs, and is brilliant psychology which is designed to cast Mr Maguire as a martyr – how most goldbugs see themselves and thus create a connection between them and their misinformation agent.
The last piece of the puzzle came into place for me with Mr Maguire’s inability to warn of the gold price smash. Clearly his brief is to engage in Psy Ops to screw the goldbugs over with illogical theories about how the precious metals markets work (which don’t accord with reality, creating cognitive dissonance within the goldbug mind) and then get them to lose money buy just telling them to hold precious metals forever. Clearly the end objective is to demoralise goldbugs so they will never buy precious metals again.
The reference to him working at Goldman is probably the only correct part of his cover story. It is not coincidental that he led his followers into the trap of being long while his former employer said, just before the biggest smash in the gold market (suspicious in itself), that the gold price would fall and to go short. GS needed silly longs to execute their short strategy against and Mr Maguire obliged.
Being a paper money advocate, I doubt you will be prepared to reveal your paper master’s brilliant double cross of the goldbugs in what I think will end up being GoldGate. While the advantages of paper money are clear to me and anyone with half a brain, and the silly goldbugs deserve to lose their money, I nevertheless am bound to seek the truth. It seems to me the paper money advocates do not have clean hands in this matter. I challenge you to publish this email and come clean.
Yours sincerely,
Freddy Fiatstein