From FOFOA The Shoeshine Boy

[Quixote2]

http://www.zerohedge.com/article/guest-post-shoeshine-boy

A must read, long article summarizing the original. The original should be reviewed also, includes comments.

http://fofoa.blogspot.com/2010/09/shoeshine-boy.html

snipped from article

"When I look into MY crystal ball, here is how I see a future gold price chart developing (roughly, of course):"

http://1.bp.blogspot.com/_cvdgPlEKW9k/TJ1k2Kw5ipI/AAAAAAAABcc/n8pY_udAeQE/s400/Freegold_future_chart.jpg

[Gknowmx]

I agree. FOFOA is now on my must read blog list. A mentor to join the ranks of JCarvingBlock for me.

[gunDriller]

"Joe Kennedy's credibility on this "bubble top calling" issue is bolstered by the fact that from 1929 to 1935 his fortune went from $50 million to $2.85 Billion in today's purchasing power. And the take-home lesson in this story is that it is time to sell ANYTHING once the shoeshine boy is recommending it."


there's a great anecdote in "Creature from Jekyll Island" (about the Fed. Reserve), about the France-England war (Bonaparte era).

Nathan Rothschild got advance notice of England's victory and instead of buying English bonds, sold. he caused a "rush for the exits", where everybody sold English bonds, and the price collapsed. Rothschild then bought back in, and ended up owning most of the Bank of England - in the early 1800's.

The take-home lesson in this story is that ...
A/ you can't trust the Rothschild's.
B/ market manipulation is not a new thing.

my guess is, back when the central banks were selling gold, the Rothschild's were buying.