Gold Manipulation

Eric Sprott – Billionaire Investor and CEO of Sprott Asset Management has spoken very candidly to King World News.  I have for some time now suspected that Gold and Silver markets have suffered manipulation from Central Banks; and now in this 17-minute interview all my suspicions have been confirmed.   The most spectacular confirmation of foul play has been as a result of Germany suddenly leaving London Gold Price Fix (in the first 2 minutes of the interview) TODAY!

Listen for yourself – Eric Sprot - Gold Manipulation

So, we suspect prices are being manipulated?, Ok but are there any other signals indicating that Gold is about to enter its bull market?

Check out this Spot Price Gold chart, do you see it?

Traders amongst you will be well familiar with the ‘Double-Bottom’ price reversal pattern that is clearly visible on this weekly chart.  For non-traders, in short, following a clear ‘Down-Trend (Red line sloping from top-left, to bottom right) The pattern forms with two consecutive troughs that are roughly equal, a moderate peak in-between and a resistance breakout.  So on this chart you can see at point (A) there are 2 clear troughs created by the price pattern, for this to be a confirmed Double-Bottom, the price must break out at point (C)!.  At point (B), I have placed a best-guess as to where I see the price ascending to, note, point (C) must be broken otherwise it will just be a normal trading range.  Finally I see the potential for Gold to increase to my initial target at point (D) at around $1680 p/Oz.  So how do we trade or invest in this?, I see 3 clear entry points:

Aggressive – Enter now for the biggest potential gains, however the pattern may not confirm as a double bottom and the price will not break-out at point (C).

Semi-aggressive – Wait until point (C) has been breached for smaller but relatively safer gains, however you will need to watch for the first pull-back.

Safe – Beyond point (D), the price will pull-back with some profit taking then hopefully resume its price ascent in a new Bull market.  It is at the point the price begins to rise again is where you could enter into a long trade. The gains are the smallest but relatively speaking also they come with the least risk.

Some food for thought; I came across an article in the Shanghai Daily who have stated that China is expected to announce it has more than doubled Gold reserves! I’m no Sherlock Holmes, but adding all of the Gold and Silver news together I do believe that there can only be one place for prices to go from here…what do you think?  Oh the link for Shanghai Daily is here - China's Gold Hoard

There’s so much more to talk about, and ill sift through the information as quickly as I can and get it on Mokarimakka…. Oh great news, I have a new partner who has agreed to lead on key U.S stock market activity and add to Mokarimakka.