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Hi Eric,
I've just watched gold get taken down $18 in 20 minutes or so. And I'm thinking - what's to stop the cartel/bullion banks from just using the trillions of dollars to cap the price?

It seems like cycles don't matter - they just take it down when they want. You almost question why bother with it all.

Just speaking out of frustration. I want to believe in a upside price blast, but all I keep seeing is price take downs.
A

Predictable, engineered take down after a G-20 meeting. As I have already written, intervention against the primary trend is always fleeting.

If the central bank and their bullion agents had complete dominance (control) over the gold market, it would not be appreciating faster than stocks, bonds, real estate, etc. since 2000. If gold is a barbaric relic, as often suggested, why is the price of gold quoted and accepted across the world? Furthermore, why do centralize powers remain so secretive about holdings and transaction intentions? Don’t let experts override your investment intuition and logic.

Gold, scare and portable, has been and continues to be an important monetary metal with the key distinction that it carries no liability in a world inundated with interconnected liabilities.

Make no mistake, gold is gaining ground. If you, as well as all within the community, maintain your wits while all others lose them, declines are gifts for further accumulation.

By the way, cycles do matter. No amount of intervention can reverse cycles. While intervention can oscillate markets around major and minor cycle dates, they cannot, regardless of size, reverse secular trend or invert cycles. Cycle inversions, while rare, are cause by capital flows or competitive market forces.

Regards,

Eric