If Gold ever closes above this line, then a major breach of ^Th^ei^r defences has occurred.
(media.greatawakening.win)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (19)
sorted by:
It means there is a massive sell order somewhere in that area of price, so that any approach to it is sent packing back down again - it's basically the all-time high fiat price for Gold.
Price can breach that level if enough people are buying, but mechanisms are in place to ensure that price doesn't close above that level. If it does it indicates a serious weakening of their ability to overcome the buyers by selling more paper gold that doesn't actually exist.
The day the people in the paper market decide to cash out is the day that the paper machine fails bigly. There are clauses in the contracts that mention the sale can be settled in dollars rather than actual gold delivery (that's how they get away with it) - but if inflation and BRICS devalue the dollar too much it will become impossible to control and the whole mechanism will break.
The "people" that own all the paper gold, through the singular corporate entity that exists, and their holding companies (Alphabet, JPMorgan Chase, etc.) and control companies (BlackRock, Vanguard, etc.), are the exact same people that are manipulating the futures market. If they ever "cash out," it will be because they want to crash the system.
The system has to fail. Both WH and BH (assuming they are actually two different entities) require it for their respective plans to move forward (assuming there are actually two plans). WHEN it fails, the only way to tell who won will be what comes out the other side. In other words, there is no way to know until after the fact. The Crash itself must happen regardless.
The Crash will not be a "win," but rather, "the Beginning of the End of The Plan."
Soooo you're saying we can short the federal reserve? 💦