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                          Gold and gold stocks,  It is “high noon” at $1300

About four years ago I wrote that a very knowledgeable gold mining person who has been an excellent source of information told me that there was a private meeting in a “large east coast North American city.” Those attending the confidential meeting were representatives of central banks and large commercial bankers (banksters)….The banksters made one key decision, that was that gold could not be allowed to stay above $1300 and if it did it had to be brought down.

Gold had to be kept  below $1300 as a rise above that could have disastrous effects on the stock market and the bond market. Thus the ongoing manipulations in the gold bullion price continues successfully.

If one will merely look at trading volume and the transactions themselves, one can see classic  “manipulation” engineered to keep the price of gold down. For example, on a Friday morning in September 2016, in New York, Gold futures’ contracts with an approximate dollar value of $1,200,000,000 were sold ( it was more than 10,000 December gold futures contracts, each representing 100 ounces). It caused the gold price to plunge and it was all done within two minutes! 

   In our opinion, it was designed to create an image of weakness in gold. Note that the sales were “paper sales” and not true gold bullion. The volume of the transactions was approximately 30 times the 100-day volume average for that time of day. Again in our view, it was “dumped” to create an image of  weakness in the price of gold. Several halfwits had the nerve to question my view on this. They are naïve to say the least.

Why? A rising gold price portends higher inflation and a bear market in the large capitalization stocks such as the S&P 500 and Dow Jones Industrials. Brokerage houses cannot afford to suffer bear markets as their  profits plunge and gold and commodities stocks do not provide the volume to replace lost revenue.

Cycles  As well, many major cycles indicate that we are commencing a major bull market in gold and many commodities. The cycles are occurring simultaneously.

U.S Dollar/GOLD relationship  According to the IMF, the U.S. dollar is overvalued by 15% to 20%…..the dollar must drop for gold to really perform well as well as to help the US economy.

 Let’s look at the price of gold verses  the U.S. Dollar futures contract….     In 2011, gold bullion was selling at over $1800 per ounce…the dollar contract was selling at 74,

    In 2017, gold bullion was down to $1100 per ounce……the dollar contract was at 100…..So you can see the effect of the dollar’s price rise.   

So now we will see if the market manipulating banksters are still in control.  

*Visit our www.Montrealanalyst.com site as all markets are related.