The Sucker's Ploy
And My Prediction About Where Gold/Silver Prices are Heading after the FOMC Interest Rate Hike
Three card monte was a scam I witnessed quite often in my youth being executed on unsuspecting marks in the streets of Philadelphia. I was also fascinated by the enormous level of gullibility on display as I would always think that only a complete idiot would engage in the scam just because he witnessed a couple people winning $20 prior to his engagement and the inevitable loss of a 20 dollar note. Such displays of naivete always led me to silently ask, “How could anyone be so gullible as to not understand that the ‘winners’ are associates of the person executing the scam and that there are no winners of 3-card monte except those executing the scam?” In any event, 3-card monte, for those unfamiliar with this street hustle, is a scam in which the scammers let marks witness people easily winning money to convince their marks that they will replicate such success. And of course, the marks always lose 100% of the time when they play.
However, the naivete of the common man or woman has been on full display in recent times, with only the most gullible of the gullible being separated from hundreds of millions of dollars in Elizabeth Holme’s 3-card monte scam pulled off with Theranos, in which Holmes convinced dozens of wealthy marks that she had invented groundbreaking blood lab technology with the provision of zero proof. And we all witnessed hundreds of millions partaking in the Big Pharma money making scam, that blindly and compliantly believed the Great Reset participants’ narratives that the experimental CVD19 drugs were “safe” and “efficacious”, even though these claims were forwarded as “fact” with zero scientific evidence. Pardon my French, but screw the consensus narratives. I’ll side with science 100% of the time when I make my decisions, and regarding the two aforementioned scams, had everyone else done the same, no one would have been scammed by Theranos or Big Pharma.
Yesterday, the Central Bankers colluded with the statisticians for a suckers’ ploy to sucker more traders to assume long positions in the gold and silver derivative markets by deliberately manufacturing a soft CPI (consumer price index) print that I don’t believe for one second was close to being truthful (as statistics is another field of “science” in which lies are easily manufactured). In any event, a soft CPI print convinced many traders to redeploy cash into the US stock market and the US stock market temporarily soared. This shouldn’t have provoked traders to deploy cash into gold and silver prices as well, but for some reason it did, and gold and silver futures prices spiked alongside stocks,
All paid subscribers should understand by now, commodity prices do not follow fundamentals as all major commodities are massively price manipulated. I’ve spoken extensively about this with oil this year, predicting $82 oil prices would manifest later this year when oil was earlier trading at $130 per barrel, at a time when many Wall Street ‘analysts’ were predicting $130 prices as a jump off point to $380 per barrel prices later this year. You may view the chart of crude oil I posted this past April in which I predicted oil prices would crater to $82 here that likely made some oil traders some pretty hefty profits.
As soon as I saw gold and silver prices spike yesterday morning in response to the soft CPI print (and understanding that they should not have reacted in that manner as the “risk on” environment the bankers wanted to sell with a soft CPI announcement), I knew this was a sucker’s ploy. What is a sucker’s ploy?