You are here
Robert Appel: Technical analysis is just a weapon against the gold market
8:25a ET Tuesday, February 23, 2016
Dear Friend of GATA and Gold:
Profit Confidential editor Robert Appel writes this week that the manipulation of the gold market by central banks is obvious and that such rigging turns ordinary technical analysis into a weapon against that market.
The manipulation, Appel writes, "represents a coordinated series of attacks on multiple fronts over a period of years, is funded by institutions that can print money at will, incorporates a major 'psy-op' component designed to both capture and hold the attention of the mo-mo crowd, and is backstopped by legislation that not only exempts the chief operators from the rule of law but (typically) can actually make life unpleasant for those who question the status quo."
He adds: "If a person or persons unknown enter the market with overpowering 'blunt-force trades' -- backed by the ability to create infinite money at will and with immunity from prosecution -- then the potential exists to deliberately move prices to 'known' inflection points that are religiously followed by traders around the world -- traders who, for whatever reason, have yet to conclude they are being 'gamed.' In effect, under such a scenario, technical analysis morphs from tool to weapon, and the weapon, ironically, has the greatest impact on those who are most addicted to the tool."
Appel's commentary is headlined "If This Happens Gold Mining Stocks Could Skyrocket" and it's posted at Profit Confidential here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Direct Ownership and Storage of Precious Metals
Outside the Banking System in Zurich and Singapore
Goldbroker.com is a precious metals investment company that enables investors to own and store gold directly in their own name (no mutualized ownership) in Zurich and Singapore.
Goldbroker's clients are not exposed to any counterparty risks. They own gold and silver in their own names (the ownership certificate cites the name of the investor and serial number of his bars) and they have storage accounts opened in their own name as well. So Goldbroker.com's storage partner knows the exact identity of each investor. Goldbroker.com doesn't store in the name of its clients; rather, Goldbroker's clients store personally. All investors have direct access to their gold and silver bars.
Goldbroker.com was launched in 2011 so that investors would avoid any counterparty risk when investing in physical gold and silver.
Goldbroker.com is listed among GATA's recommended monetary metals dealers:
To invest or learn more, please visit:
Join GATA here:
Mines and Money Asia
Tuesday-Thursday, April 5-7, 2016
Hong Kong Convention and Exhibition Centre
Hong Kong Special Administrative Region, China
Mining Investment Asia
Wednesday-Friday, April 13-15, 2016
Marina Bay Sands, Singapore
Support GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:
Or by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit: