by Mike Swanson, Wallstreet Window:
If you do that for gold the story is very simple.
Gold began a stage two bull market this year when gold prices decisively went through their 200-day moving averages so much that those moving averages are now trending up and we can expect them to act as support for the next three to five years at the minimum, because that is how long most bull markets last.
Right now though most people are scared of gold and worried that the entire move this year could be a fake manipulation or that some giant drop is going to happen.
Gold went up towards the $1,300 level and pulled back off of it this month.
So that price action has caused peoples’ brains to get worried and for the meme of market manipulation to spread in gold.
The reality is that when a new bull market starts in something the people who buy into it are almost always professionals with a real knowledge of the sector that they are investing in attracted to cheap valuations and future potential and insiders.
The masses tend to miss the first move and to get involved only after something goes up for months on end. Really they tend to miss the first year and start to get in the second year.
We all know that big swings in investor psychology take place during market cycles and I have used this graphic in past articles to show that.
Today I want to talk to you about an important trend I have discovered and that is something interesting happens in a market when the market meme of manipulation gets popular.
Take a look at this.
This is a graphic from Google Trends showing the amount of interest over time for the phrase “market manipulation.”
This chart spikes up when people suddenly start to type that phrase into their search engine and falls when people have no interest in it anymore.
Ok now look at this chart of the S&P 500.
I’ve placed arrows on the chart to show when interest in market manipulation got high.
What I want you to notice that times in which people began to think about “stock market manipulation” and type that phrase in google search were good buy times in the stock market.
They all came after either corrections in a bull market or around the time of key stock market bottoms.
Now take a look at when people typed in the phrase “gold manipulation.” You may need to scroll the graphic to the right to see what is happening right now.
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from SGTreport - The Corporate Propaganda Antidote - Silver, Gold, Truth, Liberty, & Freedom http://ift.tt/27VB4wC
