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EVERYTHING IS MANIPULATED-GOLD-OIL-LIBOR-ELECTRICITY
HERE IT IS IN BLACK AND WHITE- THE FACTS ARE THE FACTS!!!
GOLD- TO KEEP THE FAITH IN THE US DOLLAR.
OIL -SO AS NOT TO HURT THE FRAGILE ECONOMY.
LIBOR -TO CONTROL EVERYTHING.
ELECTRICITY- SO JP MORGAN CAN MAKE SOME CASH.
ETC. ETC. ETC.
ITS TIME TO WAKE UP SHEEPLE! ITS TIME TO MAKE YOUR VOICE HEARD! START EMAILING EVERYONE AND COMPLAINING-POLITICIANS, IIROC, JIM FLAHERTY, POLICE ETC. ETC. ETC. ----
Goldman is, in all practical senses, the Exchange Stabilization Fund because ESF is only a brokerage account. There is no fund in terms of what one thinks a fund's office should look like. Read the law.
The President or US Secretary of the Treasury may appoint ANY person or entity to act on their behalf as the manager of the Exchange Stabilization Fund. The Exchange Stabilization Fund has a broad mandate that allows it to trade many things including GOLD. The USA is not the center of the Gold price in the full valuation move into 1980.
Right now the geniuses in charge of the ESF are driving gold via the paper market directly into Eastern hands. There is much speculation about the amount of Gold the USA holds and its deliverability as much gold and silver was used in the Manhattan Project and no audit has ever been carried out.
The gold price will in the not too distant future go through the cap and that will take it to full valuation above $3500. If you're speculating in gold in futures without at least 20 years of positive history and training as or under a professional you have a financial death wish.
The Fed via Goldman has capped gold in the paper market for months. They were so obvious between $1775 and $1800 that Petunia can call the strategy.
The volatility in gold and counter intuitive moves, thanks to Goldman as broker for the Exchange Stabilization fund investor, will migrate back to good gold shares with the real beef.
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Re: EVERYTHING IS MANIPULATED-GOLD-OIL-LIBOR-ELECT ...
Hi Jim,
How should I read the negative pressure over gold and gold stocks? What's going to change this negative scenario?
Respectfully,
Arlen
Dear CIGA Arlen,
This is capitulation everywhere. This event has been a manufactured market move since $1800, with clearly planned and executed intervention. The gold price take downs during low volume periods internationally is a known price moving only tactic.
I simply shut off the machine because all the regular causes for the gold price will make themselves effective with time. A manufactured market event will not change the trend. Even the most professional can be reduced to sheeple by their emotions.
I refuse emotions and emotional people in a market context. To save yourself from all this that has happened and will continue to happen requires commitment and courage.
You have it or you do not. Admit who you are and act accordingly.
Like every mistake made by Westerners, what you see today is simply driving gold into Asian control.
Jim
“Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves”
Re: EVERYTHING IS MANIPULATED-GOLD-OIL-LIBOR-ELECT ...
Comex is rigged, so buy only metal, not paper, Turk tells King World News
GoldMoney founder and GATA consultant James Turk today tells King World News how the big commercial shorts in the gold and silver futures arenas always fleece participants who think there's a market. Turk says the shorts can be beaten but only by avoiding futures and purchasing real metal. "The house is rigged," Turk says. "So don't play the game. Stay out of the paper market. Stop using the Comex. Don't be feedstock for the gold cartel."
An excerpt from the interview is posted at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/12/17_T...
“Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves”
Re: EVERYTHING IS MANIPULATED-GOLD-OIL-LIBOR-ELECT ...
SEC authorizes JPMorgan to use ETF to rig copper market too
A JPMorgan-backed investment vehicle that aims to track the price of copper has won the approval of US regulators in spite of strong opposition from users of the metal and senior politicians.
The Securities and Exchange Commission on Monday approved the exchange traded fund, which is backed by physical buying of copper, opening the door to easy investment in the metal. The regulator's approval comes despite opposition from Carl Levin, chairman of the powerful Senate subcommittee on investigations, on the grounds that the proposed products "would allow speculators to create a squeeze on the market."Senator Levin said that the SEC's approval of the ETF was "a blow to American businesses and consumers" and that it would "increase copper prices and volatility, and undermine market efforts to produce prices in response to supply and demand by copper users."
The SEC said it did not see the products disrupting the supply of copper available for immediate delivery and gave the go-ahead to NYSE Arca, the exchange, to list the JPMorgan ETF. NYSE has a separate request to list a rival BlackRock iShares copper ETF, which is now likely to go ahead too.
Leading US copper users have argued that the ETF would even "wreak havoc" on the global economy, given the metal's use in electrical wiring, which makes it essential to the manufacturing industry.
Companies such as Southwire, Encore Wire, Luvata, and AmRod as well as trading house Red Kite said the launch of the products would result in a "substantial artificially induced rise in near-term copper prices."
JPMorgan said it could not comment until the launch of the copper ETF, but in a previous submission to the SEC the bank had countered that the product would not consume metal but would merely hold it.
If and when the metal is needed by real consumers, the investors can sell their shares in the ETF and the copper will be available to the market within days.
Its regulatory filings suggest JPMorgan's ETF could hold 61,800 tonnes -- the equivalent to 27 per cent of the copper held in the London Metal Exchange's global network of warehouses.
The regulator said it believed the physical copper ETF would "provide another way for market participants and investors to trade in copper" and could enhance competition among exchanges.
The SEC added that the new copper ETFs would "provide investors another investment alternative, which could enhance a well-diversified portfolio" and "could increase competition among financial products and the efficiency of financial investment."
“Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves”
Re: EVERYTHING IS MANIPULATED-GOLD-OIL-LIBOR-ELECT ...
INTEREST RATES FROM FED PRINTING, THE US DOLLAR, INFLATION STATS, UNEMPLOYMENT STATS -----ALL MANIPULATED!
HOW DOES IT FEEL THAAT YOUR INVESTMENTS ARE JUST DUST IN THE MANIPULATED WIND!
“Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves”
Re: EVERYTHING IS MANIPULATED-GOLD-OIL-LIBOR-ELECT ...
With his commentary this week Chris Martenson became the latest financial writer to earn his tinfoil hat.
"Once upon a time," Martenson writes, perhaps with a weary glance at GATA, "it would have been considered in bad taste to suggest that the world was being centrally managed in secret by a smallish cabal of bankers whose actions served to either prop up the excessive spending habits of the very governments that conferred upon them the power to print money or to bolster the health and profits of the banks they mainly serve. That was then. Today you can just read about it in the Wall Street Journal."
Martenson then cites a report from Wednesday's Wall Street Journal about central bankers having lovely dinners at private meetings at the Bank for International Settlements in Basel, Switzerland, during which they secretly experiment with and decide the fate of the world --
http://online.wsj.com/article/SB1000142412788732371700457815715246448659...
Turning to gold, Martenson writes:
"I don't really think that gold's current market price or recent behavior have anything useful to do with gold's value here. ... [S]ome entity has been selling literally thousands and thousands of gold contracts into the thinly traded overnight markets so rapidly that we have to use millisecond charting to see it for what it is. Again, there is no other legitimate explanation for this activity of which I am aware besides having an intent of pushing the price down.
"Whether there is some motivation for this activity besides 'making money,' I remain convinced that the gold market, like many others, is no longer sending useful price signals. Instead it is telling us that some entity has found it useful to sell thousands of gold contracts all at once.
"The interesting part of this story is that this has been the most sustained, intensive, and yet ineffective gold selling that I have yet seen. In the past, such bear raids, as they are called, would have resulted in a sharply lower gold price. Right now that has not yet really happened.
"I am wondering if a big up move is not right around the corner for gold. I can tell you that if even one fourth of the recent quantitative easing effort was announced five years ago, markets would have exploded and gold would have absolutely launched."
“Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves”