Parisian Family Office, CEO. Began Wall Street, 1982. Founded investment firm, CHIPPEWA PARTNERS, Native American Advisors. Active Trader. White Earth Chippewa Tribal member. Was NYSE/FINRA arb. Conservative, raised on Great Plains reservations. Pureblood, clot-shot free. In a world elevated on a dopamine binge, this is his take! Written from MT Ghost Ranch on the Yellowstone River, TN farm Pamelot or San Jose del Cabo, Mexico, CASA TULE'. Always been, will always be, an optimist.
Friday, February 21, 2014
Friday market analysis...........
Listen to the MSM mantra of wash, rinse, repeat!
Met a friend for breakfast and he was lamenting how the markets are being manipulated by insiders. I tried to tell him a couple of things after I stopped chuckling. When I started talking about nanoseconds I lost him. Funny how people always say it is impossible for someone to manipulate the market in less than half a second.
Most of America still thinks the stock markets are traded by humans!
After the eggs and hashbrowns he brought up gold prices as well. I told him gold is held by Western central banks for exactly the same reason individuals ought to hold it: protection. Central banks are accumulating gold because it cannot get wiped out like fiat currencies do.
I told him that people should be doing the same — not being sidetracked by the distractions. It's not about the price today.
If you own gold, it will do the heavy lifting for you when the time comes.