Price charts showing textbook representations of action play to emotions. Numbers behind the scenes remain consistently bullish for precious metals.

It's all an illusion:
Plunge In Price Of Gold All Electronic

Investors starting to wise up:
In "dash for cash", gold ETF investors hold on

Behind the scenes:
Gold Futures Advance As Biggest 3-Day Decline Since 1983 Spurs Purchases

The Fed's roadmap, with GDP numbers due tomorrow:
Bernanke: Fed Ready To Do More If Economy Worsens Too Much

Quote from: cypherdoc on September 28, 2011, 10:13:09 PM

do you have any idea what the psychology behind a wave 3 down is? its this:

"OMFG! we really do have a problem! we are royally screwed so sell, sell, sell!"

An arbitrary perspective of price action doesn't dictate fundamentals. Painted charts only fool the little players. Selling has been done into the waiting arms of entities that weren't squeezed by intervention.

Deflation/Inflation is no different from Bear/Bull. Fundamentals determine which is dominant overall. Gyrations within the trend are normal - nothing goes in a straight line. There are always multiple currents affecting movement.

I'm still waiting for my fills.

Quote from: BitcoinRedLight on September 28, 2011, 04:55:38 PM

Quote from: miscreanity on September 25, 2011, 08:04:05 PM

You'd be correct under normal circumstances, trading in a legitimate market environment geared toward price discovery instead of perception management. This is a non-linear aspect.

Exactly.

The most difficult hurdle to get over is one's own conditioning, belief, in the system.

The cold hard fact is this: JPM-GS, the Comex and the Fed function as one entity and they have unlimited access to FRNs (which means they control the markets). The CFTC is a lap dog. Congress is a purchased hood ornament and Obama is a dupe.

The Fed has, effectively, been the central bank of the world. They want that sweet deal cemented. It is the lynchpin of control.

Silver is the achilles heel.