We had planned on writing about China’s emergence as the world’s new superpower, while the United States keeps sliding into Third World status, but we cannot escape the more cogent political implications/ramifications of the diverging paths between the two countries. Actually, the United States has turned direction from a positive influence to a negative one with almost all other countries in the world. There is no other country aggressively pursuing war and human rights violations more than the United States is, today. The US has engaged in perpetual warfare with one country after another in the Middle East: Iraq, on totally false pretenses, [Weapons of Mass Destruction]; Afghanistan, [seeking control […]
Tag: gold & silver manipulation
In this interview with Dimitri Speck, the gold price suppression scheme of the last 2 decades is discussed. In terms of gold’s outlook, the most likely scenario is one comparable to the current Japan: suppress deflation, stimulate slight inflation while avoiding strong inflation. In this scenario, the velocity of money will increase, savers will step out of the banking system, inflation will occur in asset and consumer prices. Gold is the best hedge in such a scenario.
If gold prices continue to slide, it is essential that you are not beguiled into thinking that you own a barbaric relic. There is enormous value to owning gold. And while it may not be apparent now, things are bound to change in the very near future. The Chinese have already figured this out and that is why they are buying as much gold as possible.
Jim Sinclair explains that gold price setting is too dependent on the paper market, to such an extent that it has continued to live as the means of manipulating the paper price of gold. What is “Free Gold.” It is the decoupling of the gold paper market influences on the gold price setting, or in other words freeing physical gold from price slavery to paper gold. The mechanism he describes is through the present time deletion of future exchange warehouse supply. He describes in this piece how he is planning to achieve his target.
JPMorgan’s real crime resides in its ability to sell unlimited quantities of COMEX silver contracts short on the way up in price to the point of creating unprecedented levels of market share and concentration. In December 2009, JPMorgan held more than 40% of the entire short side of COMEX silver and close to that market share on other occasions. To my knowledge, there has never been a greater market share or corner in any major market in history. These unlimited short sales by JPM inevitably satisfy technical buying interest and then that technical buying turns to selling at some point, with JPMorgan then working to induce the tech funds into selling.
Sound Money Magazine has put together a free issue for all its readers who are interested in attaining information about the price manipulation in the gold market. The free issue is a compiled set of evidences with regard to the intervention by the Government and Central bank in relation to the gold prices.
Now the gold and silver futures markets are not being used for their original purpose, but are being used to manipulate prices by some entity that does not want to see prices of precious metals move higher. It is widely known that central banks and other major financial institutions have been manipulating Libor, bonds, equities as well as the foreign exchange market. So, it is absolutely plausible that they are manipulating precious metals, in particular gold and silver. What does this mean for investors?
It appears that the multi-market price smash of this past week is also destined to be intentionally ignored by both the CME and the CFTC, save for the braggadocios press release from the CME and some not so reassuring words from Commissioner Chilton that the agency is ”looking into it.”
The total amount of gold that the US has exported – above and beyond its supply capability – is almost 4,500 tonnes, says Eric Sprott based on his own research! A truly stunning figure.
Friday March 15th was an interesting day in the gold market. The Wall Street Journal wrote the following: “U.S. regulators are scrutinizing whether prices are being manipulated in the world’s largest gold market, according to people familiar with the situation. The Commodity Futures Trading Commission is examining the setting of prices in London, in which a handful of banks meet twice daily and set the spot price for a troy ounce of physical gold, the people said.” After four and a half years of quasi silence about the silver price manipulation case, “it appears” from unnamed sources that the CFTC is “discussing” whether the daily setting of gold and silver prices […]
Jim Sinclair looks at the trading patterns, and is convinced the price take-down was “engineered.” Additionally, he believes the gold price is at or near a major bottom right now, for the following two reasons.
Gold Silver Worlds received a great question from one of its readers: Please explain how the “Gold Price” can drop $15.00 to $20.00 or more, in one “millisecond”, during overnight trading in Asian or European markets. It makes no sense and can only be caused by a “computer program” somehow. It occurs repeatedly and can only be pre-planned, at least that is the only logic explanation. Dimitri Speck, a true expert in this matter, provides the answer.
A long time subscriber of Ted Butler’s premium newsletter asked a question that may be on many minds: “Ted, you have frequently stated that all manipulations must end. Why is that? After 25 years it still appears to be going strong. Why can’t it go on for another 25 years, or for infinity?” Ted Butler answers that instead of wondering why the silver manipulation hasn’t ended yet, one should look at all the accumulating evidence that demand is overcoming supply. Silver is tighter today than it has ever been (except in April 2011). If these signs weren’t present, then there might be some worry about how much longer the artificial low price could persist. But these signs do exist and it’s up to us to recognize them for what they are, namely, confirmation points of what must occur.