Thursday, September 10, 2015

Not Redeemed By Gold & Silver

[Anyone waking this morning will glance at US equity futures and happily note its unchanged-ness relative to weakness in Asia overnight. But behind the scenes of the last 12 hours was a total and utter farce of price discovery failure. S&P 500 e-mini futures have been halted twice (0551ET anbd 0612ET) in what one market observer exclaimed "looks like manipulation to me." So what exactly happened at 6:12am? . . . It appears the "markets" are starting to run our of excess room for the various central bank manipulations to take place without being utterly exposed for all to see. ]


I've been watching and learning a bit about the markets the past couple months--something I've never really cared about, not my thing . . . but am always interested in learning new things, so have been tracking a few different sites and prognosticators. . . . What is obvious is that the whole system is now unhinged from natural market forces and is being manipulated and propped up in the extreme.  Which only means that the bubble is getting bigger and bigger-which, by "natural forces" must, at some point nevertheless break.  I believe the reason "they" are suppressing gold and silver prices . . . is so they can scoop it all up at bargain prices . . . then, once satisfied, they will take their arm off the pressure . . . and it will explode. . . .

Meanwhile, I happened to be pick up and be reading James early this morning:  "Come now, you rich, weep and howl for your miseries which are coming upon you. Your riches have rotted and your garments have become moth-eaten. Your gold and your silver have rusted; and their rust will be a witness against you and will consume your flesh like fire. It is in the last days that you have stored up your treasure!…"  --James 5:1-3

And also in 1 Peter:  "If you address as Father the One who impartially judges according to each one's work, conduct yourselves in fear during the time of your stay on earth; knowing that you were not redeemed with perishable things like silver or gold from your futile way of life inherited from your forefathers, but with precious blood, as of a lamb unblemished and spotless, the blood of Christ.…"  --1 Peter 1:17-19

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