The RIGGED game
Well, I have a different perspective on the market, on the prospects of inflation and risk.
It looks like Goldman Sacks (GS) individuals are pervasive throughout the financial sector and the gov't. I, and others, conclude the global metldown came about due to a lack of Honor, a lack of Integrity, a lack of Morals, Ethics, and Scrupples (HIMES) in the leaders of our USA gov't, business leaders, ... and that "state of mind" rubbed off on the rest of the planet.
GS was recently "ordered" by USA gov't individuals (speculate), even though the lease rates for gold are NEGATIVE since the beginning of June, to "knock" the price of gold down on or about June 18th. GS followed orders and knocked gold down ... and took the rest of the commodities and the market with it. Of, course, the USA gov't needed to sell their 100+ billion in "funding" the week of June 22 - 26 soooo, the manipulation is okay ... if it's the gov't? ... AND ... what financial entity leases gold, diliberately, AT A LOSS (that's what WILL happen when the lease rates are negative) unless it IS manipulation? I'd LOVE to lease gold and payback LESS. Sign me up!
One of the laughable ironies, is all the articles, writers and posters, that argued Mark to Market needed to impose the WORST case scenario for "transparancy" in the financials ... are whisper quiet when it comes to the "opacqueness" of the gold market. There is NO transparency in the gold market ... you're always playing "catch up" to gov'ts and the market movers who are calling their game plan. Look at the damage across ALL sectors and to the market from June 18th to date ...
So ... how does one invest in a market, even a global market, ... he/she can't/doesn't trust?
Basically, you are reduced to day or short term trading. Investing rules, guidelines, etc are USELESS until everyone is assured the lack of Honor, a lack of integrity, a lack of morals, ethics, and scrupples is done, finished, baked, .... zip, nada, zeroed out.
We NEED financials and a gov't we can TRUST. It's YOUR money, YOUR tax dollars, ... your blood, sweat, and tears. Don't you think it's time to tell your elected officials that EVERY gov't employee ans business leader needs to conduct himself/herself within the US Constitution, within the LAW, and with Honor, Integrity, Morals, Ethics, and Scrupples ... or QUIT! Write and e-mail your elected officials .... ask your families, friends, co-workers and associates to write and e-mail. Otherwise .. we're all "gambling" -- and not one of us is/are "investing."
MFool ... there's your headline and multi- article stories on fixing that NEEDS to be done ...