It is early here on the west coast of the United States, and the opening bell just went off 15 minutes ago.
As has been the case for many months, the US Dollar is down again, and so is both the paper derivatives of gold and silver (GLD/SLV).
Crude oil is up in early trade, and the overall equities markets are under some pressure after yesterday's big rally.
It seems that the fakery in the paper gold and silver markets will continue until it doesn't. Moreover, we are witnessing the same action with regard to the price action of cryptocurrencies as of late.
**Do any of you find the price action of "Dollar alternatives" like gold, silver, and crypto somewhat suspicious as of late?
I sure do.
Yesterday the US Dollar hit a 7 month low, and it is lower still today. Moreover, with The Federal Reserve promising to do whatever it takes to create inflation-the only direction for the dollar is down...
Gregory Mannarino @marketreport
Is it possible we will see the US stockmarket continue to melt up with a few mini crashes just to make it look real, dow 30,000 within 12 months due to all of these bizar circumstances? I see this as possible, even likely. All the big players are in this game and the digital printing presses are running red hot. Is this a year long index buying opportunity? Am I missing something here?
@leeuw it is entirely plausible, but the longer the PPT keep this ruse going the worse things are going to get. They should just let the whole pile of cards go. Would be better in the long run.
So, let us watch today's plunge being mysteriously picked up somewhere towards the end of the session? Is this popcorn material or what?
Oh yes I can't wait for it to actually pop, then I will be sat there with the popcorn.
Stock market will go down when FED decides to bring it down. Fundamental analysis doesn't work anymore. Of course you can see some patterns like: bad data from the economy means FED will print money -> buy signal.
I agree, as soon as the market even begins to take a dip (1%)
, the plunge protection team rushes in to prop things up.
So good info, this is important as a stocks trader thanks
This comment has received a 0.08 % upvote from @booster thanks to: @hamzaoui.
The old and still relevant pattern of thinking: Dollar down go to gold or an other type of asset.
The new fraud pattern: Dollar down, force gold and all other assets down, make people run to markets. Then the wall street crooks can steal it all.
Perfect analogy and beautifully said.........................
Silver is having a big sale! Get as much as you can before the sale ends! When the sale is over it will be bittersweet and very upsetting for those who will know then that they missed the boat. This is a once in a lifetime opportunity, that is why it will be bittersweet when it's over.
"FIRESALE!!!!!!!!"....................
What would life be like without them messing with the "free" market? Great post "Greg The Lion Mannarino"
Great comment D R...
@pocketechange
Oh ya? What smart ass comment did I say this time. Lol
Check out steemnow.com and it will show you so much information...
you'll have to type in your name in the upper right...
Ok thanks again for the info.
lol... I just happened to see your comment...
Try looking up Steem Now..
Ok I will look at it later tonight. Thanks
I'm from the country of the silver, thanks God I can get it fast quick and by tons
The Cartel are selling paper gold to bring price down. The options expire tomorrow.
Anyone who's entire portfolio consist of only cryptos is a fool, a healthy portfolio is diversified.
Dollars still being dumped, into real money, or assets whether it be gold, silver, crypto, but look around you everyone paying their "dollars" for alternatives, people are literally trading"dumping" dollars.
Those who think they have a retirement savings are in for a bad awakening
Dollar up = gold down
Dollar flat = gold down
Dollar down = gold down
Dollar plummets = gold down
They've found a way to manipulate gold with algos taking signals off the USD/JPY currency pair, but even that failed to work inversely today when the yen rallied but gold still went down.
Central banks number 1 mission is to keep the illusion of 'everything is fine' with their fiat currencies hence PM's must be kept in check at all costs.
I also find it very very telling that the cryptos get under pressure at the same time as PM's. I think the central banks are rigging those the best they can (by being buyers and then large sellers when they want. After all, they have unlimited fiat currency to buy the cryptos, so it makes no difference to them to suffer 'trading losses' on the cryptos)
Well that's my opinion anyway
:-)
end value for dollar just like all other fiat is zero.
yea, I'm watching the dollar shrink:
https://www.investing.com/quotes/us-dollar-index-streaming-chart
what I don't get is why Silver ( Ag ) and ME ( as in myself ) have to get kicked
in the balls by the silver manipulators every morning, I thought that was
coming to an end soon, but the dollar continues to shrinking and so does Silver,
-What the Hell Man ?
That is largely one reason I am here now, as a disabled iraq veteran
I have no other way to get into Crypto...
Gregory I am following you and like your post. I myself am filled up with stocks and crypto, I have been hit so hard before, this time if the market cracks the whole world will implode. I have been hooked up in a position with Transocean and Seadrill since 5 years, I think I have lost over 95% of my money on those oil service companies. I would appreciate you commenting on my post https://steemit.com/steemit/@lucky.digger/would-you-like-to-become-a-millionair-within-7-years-with-only-usd100
Infinite chances of stacking more physical silver until I run out of space to store them...
They keep digging the hole deeper and deeper. Eventually we are going to have a cave in.
I would say stock up on supplies. They are probably going to cost more in the future. Buy food, toiletries, clothing, medicine, whatever to save money for when the price skyrockets. get some Silver and crypto as well.
Gold went down during US market open but it seems to be creeping up again now. It's been ranging the past week or so, resting after after a short term downtrend. "Experts" say gold looks bullish now so lets see how it pans out.
Yes. Suspicious.
Big time my friend, very.
They can hold down the Dollar value of my
Gold and Silver, but the one thing they can't
Manipulate is the Weight of my PM's...
@pocketechange
Hey Guys out there saw right now Report of History of Gold with Messages inside like Gold since History of humans Gold always you can buy something like a good dress but the final message of the report was in crisis Gold is Worhless because you cannot eat it wow if this is not the ultimate message tu buy what you can?
How can this be.......... wait.... its been this way for a long time. I guess it will continue until it can't. I picked up a silver roll of quarters this morning.... how bout' you guys? ROOOOOOOOAAAAAAR!
I'm stacking and just ventured into Bitcoin. Next purchase is Etherium....
Yep! Check this out for a "free" way to earn some bit coin if you like. It's fun and by no means will it make you rich but if you like earning tiny bits, it does that for you. Who knows, in the future these tiny bits may be worth a fortune as the whole coins are broken down into tiny bits for the masses who have none? bitcoin https://freebitco.in/?r=3030531
Freebitco.in is an once-an-hour lottery web site, but I'm giving it a try.
It's fun, just takes time. I usually do it while I'm on the cpu. It adds up.
Free dogecoin faucet http://freedoge.co.in/?r=657895 Give em' a try if you like. The doge faucet pays about a half a coin at this point every hour with a collection every Sunday with a minimum of 100 coins. Of course( didn't ofcourse used to be one word?) you can double your earnings or lose it all by betting on the site.............. have fun.
Good times for loading the boat with silver and cryptocurrencies ;-)
I've stopped eating out and trying to get Silver round with saved money, while under $20.
Thanks for the update
Wild stuff! Exciting time to be alive.... Keep the reports coming!!!!
Thanx
I use Crypto for Investment and Trading (Adding Forex) and Gold and Silver as Insurance!!
Another day another slam down.. but Greg always say's "The question is how we can capitalize on this" :)
With so many dollars printed, I can't see why it's still more valuable than many other currencies...
Diversify savings in precious metals, land, crypto
They will pump it up again. The never ending actions by the fed
WTF Greg!!
It's incredible.
Hey, Greg. Just thought I'd let you know that your UA calls should regain the time premium they lost on the little dump after today's high was set. UA just did a short term buy signal. I would assume that the new guy fresh out of Harvard that Goldman Sachs has running the computerized UA trading machine is now going to attempt to take out today's high. Not sure you would want to hold past that however. The long trade in GDX is likely going to setup before the long trade in SLV. I'll be spewing about that if you want to pick up a trade in "paper" gold. Here's the UA 5 day chart. Looks like the markets are going to stage another selloff...they may rally things just a tad higher first tho.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=ua&x=37&y=1&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
Since the "new guy" from Harvard handling the GS Under Armour trading computer is a rookie...he might just take it to 19.50 first. If he does...I'll go into their N.Y.C. trading office for you personally, and kick that guy in the ass! Good luck, bro. :-)
You are on the money! Thank you for this!
And I'm going to warn you like I have been warning everyone else...if this trades thru $420 and you don't sell every single coin of every single crypto you currently own...it'll be "gone!" the money. :-)
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=gbtc&x=49&y=8&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
Working its way into "mildly oversold" again so you "must" assume a rally is coming. If they panic out instead...let em shit their pants. I'll be there for you at the next "realistic" buy point. But again, don't lighten up on a further rally and you WILL be sorry. You can use GBTC as your guide or check with my updates. 297.00 is the current target low. That's 25% less than now. If it transfers over to "acutal" bitcoin...I'll call that "panic" before it even happens. :-)
I think your analysis is valid. Thanks again for this.
Looks like NiKE reports here after the bell? You ready for a "dramatic" decrease in the waste of $$$ allocated to both professional and amateur sports endorsement contracts? I haven't been following it as closely as UA, and I know UA eventually makes a new low. Let's see if NKE gets dumped on. It's a short if it rallies.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=nke&x=58&y=18&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
Just figgerd I'd look at the list of earning reporters to see if I can "guess" one right. :-) NKE "holding steady" at 53.50...after a brief uptick in the first few minutes of after hours trading, caused by the green horn fresh out of Yale handling the NKE trading account at Jay P. More Gone >>> "You can't screw NKE up, son. No way, no how. We'll start you off there" says Jamie Dimon :-) Wish him luck, Greg. His job depends on this earnings report....gulp! :O
Better days ahead then i guess. Keep up the great job. Thanks Greg!!
thanks for update. interesting. I think $ will grow again
What should we do then?
If the As dollar drops and oil rises again, then what will happen
It's starting to become Skull Numbing all this manipulation...
Thanks Greg. Upvoted and resteemed.
Agree with you Greg - totally obvious for and it is not hard to see. What's really puzzling, how come no one else can see it. "**Do any of you find the price action of "Dollar alternatives" like gold, silver, and crypto somewhat suspicious as of late?"
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