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  • Oil Bulls' Biggest Nightmare: A Stronger Dollar
    from JT

    quote
    It is ALL manipulated now. The PPT has its fingers into ALL market, tipping over TA dominoes in commodities (gold and silver mainly, but on certain days ALL commodities) and buying enough futures in the DOW to break thru resistance levels to create contrived "rallies"...... Hail Mary rallies at the end of the market day. But their main intervention has been in the gold and silver markets...the true monitor of the value (or more accurately the worthlessness) of our fiat currency. There is no "strong" dollar...just suppression of the prices of gold and silver...and mainly on the COMEX, aided by the Fed's/the Cartel's co-players/co-conspira... on the London exchange and the TOCOM (Tokyo). The rest is just talk based on the lies of the MSM.
    unquote

    I have often read this sort of commentary elsewhere, and anyone who follows market action intraday must have noticed all of the activities mentioned by JT; end of day rallies, persistent support around critical levels of the indicies etc.. I understand JP's disillusionment with govt; I guess we all are, and powerless to do anything about it. But why is he upset the market is being artificially supported? Good stock picking still earns you a return above the index, whilst articifical support of indicies prevents 1929-like occurences. The dollar? sure, it's weak. But 10 years ago the euro was 80 US cents, and if you look at various currency relationships over 50 years or so, they appear to have very long cycles of strength and weakness relative to each other; it's true particularly with the majors such as the yen, sterling, and the euro (using the DM as a proxy prior to the euro). Overall its true that all currencies are losing value but that's not the work of one central bank alone.
    Apr 28 05:51 am |Rating: 0 0 |Link to Comment |View article

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