Best of the Week
Most Popular
1. US Housing Market Real Estate Crash The Next Shoe To Drop – Part II - Chris_Vermeulen
2.The Coronavirus Greatest Economic Depression in History? - Nadeem_Walayat
3.US Real Estate Housing Market Crash Is The Next Shoe To Drop - Chris_Vermeulen
4.Coronavirus Stock Market Trend Implications and AI Mega-trend Stocks Buying Levels - Nadeem_Walayat
5. Are Coronavirus Death Statistics Exaggerated? Worse than Seasonal Flu or Not?- Nadeem_Walayat
6.Coronavirus Stock Market Trend Implications, Global Recession and AI Stocks Buying Levels - Nadeem_Walayat
7.US Fourth Turning Accelerating Towards Debt Climax - James_Quinn
8.Dow Stock Market Trend Analysis and Forecast - Nadeem_Walayat
9.Britain's FAKE Coronavirus Death Statistics Exposed - Nadeem_Walayat
10.Commodity Markets Crash Catastrophe Charts - Rambus_Chartology
Last 7 days
UK Corona Catastrophe Trend Analysis - 2nd Jun 20
US Real Estate Stats Show Big Wave Of Refinancing Is Coming - 2nd Jun 20
Let’s Make Sure This Crisis Doesn’t Go to Waste - 2nd Jun 20
Silver and Gold: Balancing More Than 100 Years Of Debt Abuse - 2nd Jun 20
The importance of effective website design in a business marketing strategy - 2nd Jun 20
AI Mega-trend Tech Stocks Buying Levels Q2 2020 - 1st Jun 20
M2 Velocity Collapses – Could A Bottom In Capital Velocity Be Setting Up? - 1st Jun 20
The Inflation–Deflation Conundrum - 1st Jun 20
AMD 3900XT, 3800XT, 3600XT Refresh Means Zen 3 4000 AMD CPU's Delayed for 5nm Until 2021? - 1st Jun 20
Why Multi-Asset Brokers Like TRADE.com are the Future of Trading - 1st Jun 20
Will Fed‘s Cap On Interest Rates Trigger Gold’s Rally? - 30th May
Is Stock Market Setting Up for a Blow-Off Top? - 29th May 20
Strong Signs In The Mobile Gaming Market - 29th May 20
Last Clap for NHS and Carers, Sheffield UK - 29th May 20
The AI Mega-trend Stocks Investing - When to Sell? - 28th May 20
Trump vs. Biden: What’s at Stake for Precious Metals Investors? - 28th May 20
Stocks: What to Make of the Day-Trading Frenzy - 28th May 20
Why You’ll Never Get Another Stimulus Check - 28th May 20
Implications for Gold – 2007-9 Great Recession vs. 2020 Coronavirus Crisis - 28th May 20
Ray Dalio Suggests USA Is Entering A Period Of Economic Decline And New World Order - 28th May 20
Europe’s Coronavirus Pandemic Dilemma - 28th May 20
I Can't Pay My Payday Loans What Will Happen - 28th May 20
Predictive Modeling Suggests US Stock Markets 12% Over Valued - 27th May 20
Why Stocks Bear Market Rallies Are So Tricky - 27th May 20
Precious Metals Hit Resistance - 27th May 20
Crude Oil Cuts Get Another Saudi Boost as Oil Demand Begins to Show Signs of Life - 27th May 20
Where the Markets are heading after COVID-19? - 27th May 20
Silver Springboards Higher – What’s Next? - 26th May 20
Stock Market Key Resistance Breakout Is Where the Rubber Meets the Road - 26th May 20
5 Ways To Amp Up Your CFD Trading Today - 26th May 20
The Anatomy of a Gold Stock Bull Market - 26th May 20
Stock Market Critical Price Level Could Soon Prompt A Big Move - 25th May 20
Will Powell Decouple Gold from the Stock Market? - 25th May 20
How Muslims Celebrated EID in Lockdown Britain 2020 - UK - 25th May 20
Stock Market Topping Behavior - 24th May 20
Fed Action Accelerates Boom-Bust Cycle; Not A Virus Crisis - 23rd May 20
Gold Silver Miners and Stocks (after a quick drop) Ready to Explode - 23rd May 20
3 Ways to Prepare Financially for Retirement - 23rd May 20
4 Essential Car Trade-In Tips To Get The Best Value - 23rd May 20
Budgie Heaven at Bird Land - 23rd May 20

Market Oracle FREE Newsletter

Coronavirus-stocks-bear-market-2020-analysis

Gold and Silver Truth, Consequences, and Confiscations

Commodities / Gold and Silver 2014 Sep 29, 2014 - 12:05 PM GMT

By: Dr_Jeff_Lewis

Commodities I think it's normal to have doubts - especially in rigged markets like this. Stockholm Syndrome creeps in and we begin questioning everything.

Commenting on these markets over the last decade, I often wonder how long they can keep it all together.  The entire house of cards has stood up much longer than anyone has expected.  The next wave of investors will likely go through the almost reflexive reach for derivatives first.


New investors, or would be long term holders, simply have an aversion and are well versed in the worlds of ETFs.   Overall, I think we have to keep in mind that each and every move for the time being occurs by the will of those who control it.

Yes, the moves will conform to technical analysis in some way, but it's all one gigantic painted tape. Confiscation is happening all around us.

It is insidious and sweeping. It even goes beyond literal currency and wealth.

With the massive misallocation of capital, combined with a declining workforce, the brain drain is phenomenal and scary.

Obviously, we have this slow, "boiled frog" currency devaluation masked by the data, denied by the media, and unnoticed by the masses.

Direct taxation is another form of ongoing confiscation. It will probably get worse, and more people will opt out that way.

Allowing the financial elite to have sweeping ‘above the law’ powers to front run, rig, and defraud markets is another egregious form of confiscation. Obviously, they will create so much risk that the whole system eventually collapses, destroying any last vestiges of a real economy and making it impossible to ever "reflate".

And in the process of intervening, they will bail in depositors and indirectly grab retirement funds long before they go after the tiny majority of those who hold precious metals. Cyprus was a template. MyIRA is a trial balloon.

Outlawing direct purchases would very likely have the same effect as attempting to impose gun control. It always backfires. It would dovetail with the "under the table wage movement” and tax avoidance on main street. It will also spark a grey market for the precious metals.

Basically, anything that legitimizes or publicizes the monetary side to precious metals will be avoided like the plague.

It’s best to keep expectations low for the short term.

Easier said than done.

We had chickens (and fresh eggs) for a while. They died, and we didn't replace them. I think some of the urgency I felt about being prepared faded. In some ways this parallels the complacency we now see all around us.

Most of you have it down. Much better than most. That's little consolation.

But the fundamentals are just that: fundamental. They manifest like truth - eventually - for better or worse.

Precious metals (and the way of life associated) come down to a very cheap long term (life) option. The downside risk on that option depends on your ability to hang in there over a period of time that will probably feel much longer than it is.

Many of you have been at this for quite some time. The world can seem like some lost opportunity.

It certainly doesn’t hurt to appreciate the aesthetics of what we are doing. That will keep you sane as we go along.

For more articles like this, and/or for a breath of fresh silver market reality amidst the stench of denial and technically meaningless short term price obsessed madness, check out http://www.silver-coin-investor.com

By Dr. Jeff Lewis

    Dr. Jeffrey Lewis, in addition to running a busy medical practice, is the editor of Silver-Coin-Investor.com

    Copyright © 2014 Dr. Jeff Lewis- All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Dr. Jeff Lewis Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules