This page has been archived and commenting is disabled.
Is Gold Finally Ready to Catch Its Next Leg Up?
Collectively, the world’s Central Banks have put more than $10 trillion into the financial system since 2008. To put that number into perspective, it’s equal to roughly 15% of global GDP.
Despite this rampant money printing, the price of Gold has in fact fallen against every major world currency since 2011.

In a time in which every major central bank is expanding its balance sheet through money printing, Gold has fallen against every major currency.
Indeed, in the US, the Federal Reserve is now expanding its balance sheet at a pace of nearly $1 trillion per year. The Fed balance sheet is already at $3.8 trillion and will likely surpass $4 trillion in early 2014.
Any yet, the price of Gold, denominated in US Dollars is lower today than it was when back in early 2011, when the Fed’s balance sheet was just $2.4 trillion.

This doesn’t add up. Gold has experienced multiple sharp corrections during its 10+year bull market. This is likely another one.
Someday, and I cannot say when, Gold will catch its next leg up. When it does, we’ll finally see the market action that a $10+ trillion expansion in Central Bank balance sheets warrants.
For a FREE Special Report outlining how to profit from bear market crashes and bull market runs, swing by: http://phoenixcapitalmarketing.com/special-reports.html
Best Regards
Phoenix Capital Research
- advertisements -


Feenix Crapital -- you suck!
Learn how to track capital flows you fucking asshat
The fact that the Fed balance sheet has increased is meaningless in the grander scheme of flat or even falling credit creation
In addition, learn what sentiment and momentum mean fuck face, the momentum in gold is taking a break
When all the fucking morons like you and every other fucking "gold is being manipulated" retards are washed out and are calling for the bear sub-$1000
Then maybe I will do the Cramer 'mon back
But not until you clueless fuckfaced assholes capitulate
IT'S ALL ABOUT THE CAPITAL FLOWS -- country to country, market to market
But a few days ago Michael Pento on King World News said the balance sheet of the fed isn't what's driving the gold price.
Bonds, real estate & money printing is what does it. When we see interest rates push up & real estate crash harder, it has been pushed up with printed money for quite some time (and fraud), then we'll see gold rise. Gold does have smash downs from validly detected manipulation & from pushing rates down and real estate prices up. It doesn't work forever, as we can see from the 2006 and 2008 incidents.
This smash-down is about over now.
Momentum in gold, bonds, real estate move as a single driver, just measured differently from each other. Think of pistons attached to a drive-shaft. You don't see the pistons move in the same direction at the same time but a little inspection of what the machine actually is & does, and it will be clear they do move together as a single machine with a purpose.
Try being a bit more rude, maybe you could get your point across.
Thank you...thank you very mcuh...I'll be here all week...don't forget to try the veal!
Velocity of money is too low. When it picks up commodities will rise sharply.
Public poll: If one could only afford two monster box's, is that enough? I already know the answer.
Even though Gold is being Manipulated down, central Banks are buying. The price is causing mining stocks to be Undervalued, and they can be bought very cheap. When the Central Banks buy majority of the miners, they will take them private, get the Government though lobbying Congress to again make it UNLAWFULL to own Gold.
They will then control a basis for real Money...... Interest will rise and so the debts that we have accumulated.
There will be Two systems, One for the Owners , Second for the Slaves which most of us will belong.
Occupy Wall Street was a start, too bad it Failed, Our Governments are Puppets, grabbing scraps....
Not sure what to do....... seems they have most angles covered. Might just have to wait and sacrifice one's self if a target (the cause) ever presents an opportunity.
Old broken and nothing to lose..........but waiting.
You are talking about paper gold price on the COMEX no?
Who knows how that game will be played out...it will depend entirely on CBs games no? Well until even those games can't overcome the call for increasiing calls for delivery of invisible gold.....
However will physical price of gold decouple from paper...and how will it happen.
I get the feeling other major financial issues will arise that makes fucking around with paper gold the least of their worries...and that it will eventually get to have its own head. They will be so busy trying to save their financial universe that gold manipulation will be left.
Gold when it is let run by its fundamentals...including its relationship to global fiat printing frenzy.....will do multiples of where it is now....and its volitility on an upward slope will make bitcoin look positively sedate.
Why would any sensible "1%" investor put money into gold when equities, art and financial center property are producing enormous returns. That's why gold has languished.
The 1% investers have very little in which to invest in and gain Profits . The System is Broken.
Gold was, is and always will be an asset that can not be manufactured, doesn't corrode and can be tested for purity.Thats why it was used as a backing of currencies World Wide. The Council of Foreign Relations, and the IMF are systems put in place to "Control " .
Those Countries that do not comply, have sanctions placed against them , are called Terrorists and Attacked under false Flag events. This Control wants to be in charge of One World Millitary.... keeping us all Slaves to the Elite. Anything will be done to make this happen. The American War Machine is directed to this End. Saddam Hussein did not want any more $US. he wanted Euro's for his Oil. TPTB could not let this happen. American Tech allowed oil drills to horizontally drill from Kuwait under Iraq and this caused IRAQ retaliation which Justified to the American People for WAR. (doesn't take much) some say similar tricks bought Public opinion to join the Second World War and after 9-11 the war on Terror. The CIA is the backbone of the biggest Terrorist Events .
Gold may be the Key. If it's not Unlawfull to own, savings in Gold (physical). This could bring great rewards but who really want to be Rich in a Poor Land? Not very many with any Morals. I think that an investment in Gold is Prudent, not all in but holding some may make life easier for offspring or later in life (diversification). The stock market is crazy, some stocks trade @ 1000 times earnings..... property will never be owned , just rented (TAXES). Art....well yes, but not all can keep their wealth on a wall, with no interest or Dividends for day to day expences.Gold is transportable, Don't be fooled, it may prove reliable, the bitcoin could be shut down, power or internet or hacked. Same as bank accounts, safety deposit boxes....all have been threatend of confiscated before, remember fool me once? The stock market can crash, or an inflated bubble poped and now Banks are talking about charging storage fee's on cash. JMHO. dyodd.
Wishing all a Happy New Year..... but do Think, it's your future and that of your family and Friends. :0)
"Someday, and I cannot say when, Gold will catch its next leg up."
Wow! Now that's some statement. Sort of like, "someday, and I cannot say when, the sun will go nova".
What is it about ZH constantly posting such drek (sp?) from Phoenix Capital?
For the most part, there hasn't been money printing; there has been monetary base printing. Money stock growth has lagged, but it is money stock growth which affects prices and spending. This alone, given the tremendous previous rise in gold, would explain its underperformance. There is another possible bearish factor: the ever present possibility of a double dip Great Recession, which would bring down spending and prices of commodities, including gold. There could be no assurance that TPTB could reinflate under that scenario.
So when the Fed covers the entire deficit, that money from nowhere isn't spent into the economy?
I believe 2/3 's is held by the FED, 1/3 is lost to transaction thru fees and interest, this is the money flowing to the 1%.
The Bankers play with paper (loans etc.) but Financial Control is gained and when they call all debts in, it must be paid with CASH. This will make it hard to aquire cash and buy anything including food. The holders of Value, will be able to buy most things like at a fire sale, wealth transfer like has Never been seen.
..........that money from nowhere isn't spent into the economy?
Only a small percentage is let into economy, such as Govt. workers, but in Bens perfect world it's to sit at banks to recap the banks to their solvency at a future date so all paper assets are back to ledger amounts.
One of his goals is to grow the economy to the point he can just keystroke that currency to oblivion. He knows he can't let that cash out.
Good Luck Ms. Yellen.
Well said James. However, although this was Ben's strategy it is/was a strategy full of holes. Like the repo markets reaction to the Fed owning 35% of the UST 10 yr. The Fed (Ben Shalom) essentially just changed rules and allowed "anyone" not just member banks to come to the Fed window if they had any repo issues.
The game is not as simple as Ben Shalom thought it might be. The Fed (under Janet Shalom) will be marketed as having a "woman's touch".... untaper the taper with easy money "for the children" if a slowdown "reoccurs".
The Fed (led by the Shaloms) has gone down the rabbit hole. There will be blood.
The reason gold has not responded to the Fed's increased balance sheet is simple, it is not tied to that. Gold is priced at the margin, the last sale determines the value of all gold until the next sale. If the Fed quintuples it's balance sheet you will not feel any more prone to buy or sell gold, as your balance sheet has not changed. The price of gold will only change based on supply and demand. Of course manipulation does change this dynamic to some unknown extent, but in the long run supply and demand will prevail. Paper gold is part of the manipulation process either directly or indirectly. Do not participate with paper, deal only in the genuine article.
Bull. The central banks are backstopping the losses incurred by their henchmen (i.e. JP Morgan Chase) naked shorting PMs and supressing the price. That's it. And if you think you know what the Fed's real balance sheet is, then I suggest you share your knowledge because I don't think even God knows the real score where the Fed balance sheet is concerned.
no
Exactly.
Kiss of death, this post.
The real kiss of death is that I am considering buying gold!
Once the Chinese can't get any more gold?
The end. Th... th... thats all folks!
They will NEVER get all the gold they want.
It seems JPM knows this. They got religion this year reversing from a massive short to a massive long as the prices were manipulated downward (on their behalf?) And they are demanding delivery. In December alone they have taken around 90% of all the COMEX deliveries.
Their reversal was about a $25B change in position between covering and then going long.
Coincidence? So much for that barbaric relic bullshit.
JPMs short is on behalf of China. If they are abandoning their positions it is on the order of Chinese gubmint.
Fool's gold, or at least that is what the FED and other central banks want you to think.
"Just when I thought I was out, they pull me back in"-Michael Corleone
"In a time in which every major central bank is expanding its balance sheet through money printing, Gold has fallen against every major currency."
Every major central bank has a vital interest in seeing it fall. So it fell.
Wait til the Chinese get stiffed on a shipment. Every major central bank will be wailing and gnashing their teeth that day.
GOLD WILL ONLY RISE WHEN DEPOSIT RATES RISE, I MEAN, WHEN BANKS NEED TO PAY TO ATTRACT DEPOSITS.
Exactly.
That is to say, exactly backwards.
Once the Chinese get stiffed they'll probably be pretty confident our well is dry and that they are ready to win.