[blam]

Gold Price Up 3.5% In August, Stocks Fall 6% to 12%

Gold was marginally higher yesterday and closed at $1135.50 per ounce, up $1.10. Silver was 0.3% higher and closed at $14.64 per ounce.

Gold rose 3.5% in August as stocks globally saw sharp falls on growing concerns about the Chinese and the global economy. Silver was 1% lower for the month of August and also acted as a hedge from falling stock markets globally

[Old Sarge]

The late jump in financials – finishing the session up over 2% – yet again suggests the government, along with the so-called “national team”, were actively intervening in the market to ensure large cap stocks finished higher before tomorrow’s V-Day military parade.

Is this the "Plunge Protection Team" we've read about?

[preacher]

Later

[nathanbedford]

There are two other headlines in recent days which are to be considered along with the suspicion that China is manipulating its own market.

First, a declaration by the Chinese that they would no longer support the market; second, an indication that Chinese are selling American treasuries.

Are the Chinese selling American treasuries to use the money to intervene in the market? It seems highly unlikely that the Chinese would intentionally drive up interest rates on American treasuries to tank the American economy and in the process commit economic suicide by losing their own market.

Did the Chinese lie about their decision not to prop up their stock market? This article is alleging just that. Are the Chinese out of money with which to prop up their own market and need the money from American treasuries? Not likely, the Chinese simply printed money in 2008-2009 to prop up their economy and could do so now. That would aid them in their original purpose of devaluing their currency to make their goods more competitive.

I confess I do not understand what is going on. But I do have an understanding that what is happening could be terribly, terribly important for our own economy.

[arthurus]

The NYSE staged a “dramatic recovery” just a couple of days ago.

[Jack Hydrazine]

Just wait until after September 13th! Then the fun REALLY begins!

[Jack Hydrazine]

Jeff Berwick-Nothing but Black Swans Ahead
https://www.youtube.com/watch?v=9DT4qrrRe7Q

[MeneMeneTekelUpharsin]

Reference.

[citizen]

China has a PPT? Imagine that....

[Buckeye McFrog]

and I have a bridge over the Yangtze River I’d like to sell ya....

[Jet Jaguar]

Goldbug ping.