Obvious $A manipulation

[mchawe]

The US Govt complains about China manipulating its currency while manipulation in the gold and silver markets is in-your-face for years now.
Recently I have been amused by the shenanigans of the Reserve Bank of Australia (RBA), no doubt with the connivance of the Fed.
If you go to

http://www.netdania.com/Products/live-s ... eList.aspx

you will see what I mean. (This is an excellent free charting service for a number of markets in real time especially all the major currencies. Charts range all the way from 1m to monthly, and you can put in trend lines and studies and so these can be used for trading alongside whatever trading platform you are using.)

The level of US$1=A$1 is clearly what you might call a political level. The RBA and the Fed have been determined not to allow this level to get breached. If you start off with a daily chart, you will notice the first battle took place in November after a very strong run up starting in June 2010. The RBA bureaucrats  managed to get the $A back below par for a while. However while they were enjoying their Christmas break, the "unthinkable" happened again. The $A went to over US$1.02 while those bureaucrats were not looking !  First thing Monday morning 3rd Jan 2011 the market was 1.022. So an all-out effort was made to get things back down.

But this is a very strong market. and yesterday it bounced back up to par again. I was watching this price action on a 5 min chart. So predictable ! You can still see all this best on the hourly chart.

Ultimately I believe central bank intervention (euphemism for manipulation) will fail because the international capital flow into the $A is too strong.

Annual close for the $A above 9800 is very bullish, according to analysis by political prisoner Martin Armstrong (whose financial market predictive computer program was stolen by Goldman Sachs)

See
http://www.martinarmstrong.org/files/Sh ... 5-2010.pdf.

Also his unofficial web site      http://www.martinarmstrong.org/economic_projections.htm

[abduLMaria]

The US Govt complains about China manipulating its currency while manipulation in the gold and silver markets is in-your-face for years now.
Recently I have been amused by the shenanigans of the Reserve Bank of Australia (RBA), no doubt with the connivance of the Fed.
If you go to

http://www.netdania.com/Products/live-s ... eList.aspx

you will see what I mean.

the US engages in MASSIVE currency manipulation efforts, by using the futures markets to sell paper gold and silver in quantities exceeding annual production by a factor of 50 to 100.

which is apparently very profitable - JPMorgan, the primary silver manipulator, just announced annual results - net profits of $4.8 Billion on revenues of $27 Billion.  that's a 17.8% net - that's as good as it gets in corporate America.

http://finance.yahoo.com/news/JPMorgan- ... et=&ccode=


i first started learning about the US currency manipulation in March 2010.  that's when the CFTC had their hearings and a London metal trader named Andrew Maguire stepped forward.  he was pissed off that he was excluded from the CFTC hearings and did an interview with King World News (i think it was).  DBS/TFC also had a fantastic interview with Mohammed Rafeeq and some guy from GATA, explaining some of the manipulation techniques, e.g. naked shorts (selling metal you don't have, which is what JPMorgan does).

it is not easy to understand, or for me to explain.

some websites that might help
http://harveyorgan.blogspot.com/
http://gata.org/
http://www.financialsense.com/fsn/main.html
http://jsmineset.com/
http://kingworldnews.com/kingworldnews/ ... _News.html


basically, the US uses JPMorgan and HSBC as proxies to manipulate silver and gold markets respectively - as denominated in US $.  this affects the price of those metals in other currencies, effectively re-calibrating the value of the US $ as compared to those other currencies.

the problem being, there is a bit of a bluff going on, since the proxies use paper gold (and paper silver) and naked shorts as tools to do the manipulation.


of course, there is a silver lining.  the prices of physical metal are pushed down (except when traders are on a 'run' where prices of the metal are going up).  if you can buy on the down-tick, you have real money purchased at a discount.

http://www.kitco.com/charts/livegold.html
http://www.kitco.com/charts/livesilver.html

to watch the action in real-time.

Caveat - Kitco is Jew-controlled.  i was banned from their forums a few weeks ago for saying something quite factual about Israel.