Monday 25 November 2013

Comparing publicized Yen intervention to unpublicized gold intervention.

From 2011

(Reuters) - Japan sold the yen for the second time in less than three months after it hit another record high against the dollar Monday, saying it intervened to counter excessive speculation that was hurting the world's No. 3 economy. (Sounds like Nixon in 1971)

The intervention vaulted the dollar more than 4 percent higher (Yen 4% lower) , which would mark its biggest one-day gain (Yen loss) in three years, and Finance Minister Jun Azumi said Tokyo would continue to step into the market until it was satisfied with the results.
"We started currency intervention this morning in order to take every measure against speculative and disorderly moves and to prevent risks to the Japanese economy from materializing," Prime Minister Yoshihiko Noda told parliament.

Ok, so what does this look like on the chart, when finance ministers intervene in the markets  ?

Here it is :
Looks awfully similar to this gold chart no ? But this is all conspiracy right.....



So there you have it. The G20 is smashing down the gold market to support government bond prices. As physical gold holders, we have no idea what the real price of gold is. But the propaganda machine can paint whatever price they want to make us look wrong. All we can do is keep soldiering on until they lose control. When that happens, nobody knows. Its a tough time.

Fast forward to 5:41 of this clip. And when they start talking about silver, FF to  9:48. Nobody can lay out as clearly as Chris Powell.