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China Plunges 13% Since July Despite The Following 24 Market Manipulation Measures
"The greatest trick the central planners ever pulled was convincing the world omnipotence existed..." until now!
Since July 1st, China has unleashed at least 24 separate "measures" aimed purely and simpy at manipulating the stock market higher than prevailing market forces would warrant...
And the result is...
A 12.5% decline exposing the un-omnipotence of central planners when the fecal matter strikes the rotating object.
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Gold Bottoms anywhere above $950
Gold Bottoms after dropping below $950
What goes up, must come down.
This applies to Gold and Silver too. Make sure you use the multi-decade chart.
I see huge margin calls on the horizon.
That will launch a huge metal selloff, and a 25%-50% drop in AU price before AU goes to $3,500/oz!
Nice to hear so many people bearish. Best sign anybody could possibly have.
The mood has shifted in China as well. There were rah-rah articles on housing and stocks in the past month. Now this weekend comes:
Western China Property Market Has "Quietly Collapsed"Chengdu is seeing a wave of unfinished buildings similar to the early 2000s, which still took the government years to clear out during a period when the economy was growing double digits.
An unknown blog from outside China makes a negative remark.
BFD
I was in Chengdu last year and the slow down wasn't apparent.
Did they ever open a 3rd subway line?
Where else are you gonna see bamboo scaffolding and flip flop wearing concrete formers?
I stayed in Jinnui, right on the inside of the 2nd ring road, for a month. LOVE THE FOOD and the whores!
Where's my hot pot?????
China's "markets" haven't dropped far enough.
It'll be interesting to see if they drop much at all. As of now, the Shanghai is up 2%. SMH Looks like a good time to add to my FXP long position (China short). I don't know what "Don't fight the Fed" is in Chinese, but I hope it doesn't hold true in China. :-O
Central planners = Thieves, Extremists = Terrorists...
Desperation is in the air...PTB looking to SPIKE the open tomorrow but will it hold?
Public floggings of "unpatriotic" short sellers and Mom & Pop pig farmers leveraged to the hilt are next.
The NDQ cfd's are laughable.
Central bank buying much? Paging Abe & Co.
It's deja vu all over again.
Still up for the year. If the Chinese central bank runs out of money I'll start caring. But since it's impossible to run out of fake money, we have nothing to worry about. Psst.. Blue Horseshoe loves Happy Cock Heavy Industries.
You got qOz?
If you look at the same index back a few years, you will see that it dropped 71% in 2007-2008. It recovered easily and China went on to kick the world's ass.
13%,
BFD.
The Chinese "market" hasn't even recovered half of the losses from 2007 yet. By kicking ass, you must mean taking on trillions in debt to build empty factories, apartment buildings, and cities. LMAO!!!
The spike that was wiped out in 2007-2008 was just part of a healthy correction. The long term trend continued, and another spike happened. This bubble also popped. If the Shanghai Composite Index dropped to 2000 and took a year to reach 3000. the long term trend would be intact.
I don't think you spend much time in China, or you would understand why there are empty residential units.
While people that spend too much time in China cannot see the forest through the trees.
The Nasdaq will probably drip lower early next week, then form a "right shoulder" and squeeze the life out of short traders.
Now it could either be that China is similar to the US re: stock market corruption OR the US hidden hand is tanking it.
The big stimulus took place right at the bottom. From there, China is up 10%.
When you threaten sellers with jail... you can drive up the market. So can stimulus, as evidenced by the USA, up 200% since 2009. Don't think China can do that? Wanna bet?
And everyone's cool with threats of jail by the state, the raw feudal intimidation, the devaluation of their current and saved blood & sweat labor (which is seen in the inflation of prices caused by the devaluation of what they were paid for their labor) in order to keep the state, it's employees & it's oligarchs in the lifestyles they've become accustomed to.
As long as we're all on the same page and we understand each other as to what modern neo-Keynesian economics actually is, then I guess it's ok to hide some under the table from the state and it's oligarchs.
Which is refreshing to understand ;-)
Lets' mess with FOX NEWS.
They are, "Fair and Ballanced"?
Let's show them real Conservatism+)
Ok...so the Chinese are trying to spruce up their stock market..so what..in the US we dress up our stock market when it is going down..usually between 3-4pm.
Chinese is are #1slaves!
The day I bought gold is the day it began going down (couple 2 -3 weeks ago) I don't want to sell it because it will go up.
BTFD has become STFR...fear not!
I live in Asia, Thailand. We have a similar bubble here. Ready to blow big time. I'll never understand how ZH guys think China is so smart.
The Thai's are going to have a civil war for sure and this baby is blowing up as we speak.
I've seen this mess for years in Asia.
The China deal is this...
Curruption and lies at every level. They would fuck their mothers for a gold coin.
Social unrest is waiting to blow...
You have been warned.
ZH keeps saying "China is down this morning", or whatever. But the fact is, it is up 5% in the last 3 trading days and up 13% from the bottom. All the evidence points to China stocks going higher, not lower.
Of course, it is all manipulated. So what! So is our system and it did not stop us from going from 6800 Dow in 2009 to 18,000 a month ago.
Manipulation.... works. And government can keep it going a long time. In our case... since gold was taken away in 1934. 81 years of manipulation success.
My guess is China recovers half its losses within 9 months.
24 Market Manipulation Measures = A Bankers Dozen
"The Bottom" .... U Funny round eye.
Another nice "Bottom" .... http://finviz.com/futures_charts.ashx?t=ES&p=w1
I guess it could be a bottom if you are standing on your head.... http://finviz.com/futures_charts.ashx?t=ES&p=m1
And my guess is china doubles its losses in that timeframe...see you in nine months.