With continued volatility in gold and silver, and oil holding well above the $100 level, today King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management. Embry told KWN gold has virtually no downside at these levels, but massive upside. Here is what Embry had to say: “I wouldn’t worry about it, I think you’re talking $50 to the downside on gold and thousands of dollars to the upside. These guys (manipulators) are really working on it relentlessly, which suggests to me there are more problems behind the scene than even I imagine.”
John Embry continues:
“They do not want the monetary policy central banks are embarked upon, which is as much money creation as necessary, they do not want people seeing the obvious alternative of gold and silver.
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Showing posts with label Gold Manipulation. Show all posts
Showing posts with label Gold Manipulation. Show all posts
20 March 2012
London Trader - Sovereign Gold Buyers to Raise Their Bids
With many global investors still concerned about the price of gold and silver, today King World News interviewed the “London Trader” to get his take on these markets. Here is what the source had to say: “Every time they have conducted raids in the paper market they lose more and more physical gold and we work from a higher level in terms of price. Right now we have washed an awful lot of the hot, weak money out of the gold market.”
The London Trader continues:
“This is when you see things turn and the manipulators rip it to the upside. There are buy stops on the upside that are attractive for them to target at this point. Traders are also watching the US dollar now because tomorrow the Iranians are scheduled to start trading oil in currencies other than the dollar. This is clearly an attack on the dollar by the Iranians.
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The London Trader continues:
“This is when you see things turn and the manipulators rip it to the upside. There are buy stops on the upside that are attractive for them to target at this point. Traders are also watching the US dollar now because tomorrow the Iranians are scheduled to start trading oil in currencies other than the dollar. This is clearly an attack on the dollar by the Iranians.
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19 March 2012
Turk - Physical Gold Buyers Won the Day, Shorts to Retreat
With gold and silver holding firm, despite bearish news, today King World News interviewed James Turk out of Spain. Turk told King World News the critical levels to look for in both gold and silver. But first, here is what Turk had to say about today’s action: “The precious metals ended last week on the ropes, Eric. The news at the open this morning here in Europe was bleak because the Indian government announced a doubling of the import tax on gold. Given that India is world's the largest purchaser of gold, this news was bearish.”
James Turk continues:
“Then the auction for the Greek credit default swaps concluded smoothly, suggesting the Greek default would not be disruptive. So the shorts had every chance today to deliver another crushing blow to the precious metals to continue the selling pressure from last week. But it didn't happen, Eric. The precious metals came back and put in a good day by holding above important support at $1650 for gold and $32 for silver.
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James Turk continues:
“Then the auction for the Greek credit default swaps concluded smoothly, suggesting the Greek default would not be disruptive. So the shorts had every chance today to deliver another crushing blow to the precious metals to continue the selling pressure from last week. But it didn't happen, Eric. The precious metals came back and put in a good day by holding above important support at $1650 for gold and $32 for silver.
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09 March 2012
Jim Sinclair - Central Banks Concerned Gold Will Go Ballistic
Today legendary trader and investor Jim Sinclair told King World News that the Fed has gone too far and risks losing credibility. Sinclair also said the central banks are doing what they can to prevent gold from reaching a level where it begins to go parabolic. Here is what Sinclair had to say about what central planners are up to and what to expect going forward: “Well it’s amazing that we’ve developed such visionaries in the Fed that they know exactly when to step on the accelerator and exactly when to step on the brake. Then, could they please explain how we got to the point where we need that?”
Jim Sinclair continues:
“The other side is, maybe what we are really going to do is a Harley Davidson burnout where nobody can see anything but a cloud of smoke. I think the Fed has gone too far when they speak to people who do understand enough about what makes these things happen, to know this is just, bottom line, fabrication.
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Jim Sinclair continues:
“The other side is, maybe what we are really going to do is a Harley Davidson burnout where nobody can see anything but a cloud of smoke. I think the Fed has gone too far when they speak to people who do understand enough about what makes these things happen, to know this is just, bottom line, fabrication.
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07 March 2012
Norcini - Gold & Silver Smashed as Bullion Banks Cover Shorts
With gold and silver plunging, along with stock markets and crude oil, today King World News interviewed legendary Jim Sinclair’s chartist Dan Norcini. Norcini told KWN what we are seeing today in the gold and silver markets is not what most people think: “People will tend to blame this takedown in gold and silver on the bullion banks. Interestingly, I don’t think that’s the case this time, Eric. I think what happened last Wednesday was bullion bank selling related to central bank intervention, when we had that big takedown, which was timed with Bernanke’s Congressional testimony.”
Dan Norcini continues:
“That did get the ball rolling, but once these guys create enough downside momentum and downside support levels are breached, the bullion banks don’t have to do any selling. At that point, the hedge funds and algorithms start to do the selling for them.
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Dan Norcini continues:
“That did get the ball rolling, but once these guys create enough downside momentum and downside support levels are breached, the bullion banks don’t have to do any selling. At that point, the hedge funds and algorithms start to do the selling for them.
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John Embry - Conditions are Deteriorating at an Alarming Rate
With gold down $35 and silver trading $1.25 lower, today John Embry told King World News that current economic conditions around the world are deteriorating rapidly. Embry, Chief Investment Strategist at Sprott Asset Management, also said that in the midst of these deteriorating conditions we are seeing aggressive manipulation. But first, Embry had this to say about what is happening in the gold market: “You are seeing gold take out some short-term technical support levels. I guess the next one of significance is at $1,650. If gold were to take $1,650 out, that would get more of the hedge funds and the algorithm traders shorting.”
John Embry continues:
“But it’s all just paper. I can assure you that there is very little physical gold being sold at distressed levels here. Any transaction in physical is probably being motivated by the buyer who is taking advantage of these low prices.
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John Embry continues:
“But it’s all just paper. I can assure you that there is very little physical gold being sold at distressed levels here. Any transaction in physical is probably being motivated by the buyer who is taking advantage of these low prices.
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06 March 2012
Richard Russell - A New Golden Age or The New Normal?
With gold holding near the $1,700 level, today the Godfather of newsletter writers, Richard Russell, had this to say about what is happening in the markets and on the streets: “Treasuries provide you with zero or minus yields. So, in general the little guy is stuck with whatever meager money his salary brings in after taxes. And as for savings, well, that's just the dream of a decade ago.”
Richard Russell continues:
“If the little guy is lucky enough to have a real job, he's angry at the big mucky-mucks on Wall Street or at the bankers who are pulling down millions. These guys (the suits) appear on Bloomberg with their green-striped or purple silk ties and talk about Greece or whether auto sales are flat or going a bit higher.
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Richard Russell continues:
“If the little guy is lucky enough to have a real job, he's angry at the big mucky-mucks on Wall Street or at the bankers who are pulling down millions. These guys (the suits) appear on Bloomberg with their green-striped or purple silk ties and talk about Greece or whether auto sales are flat or going a bit higher.
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Turk - Central Banks Intervened in Gold Out of Desperation
With gold near $1,700 and silver below $34.00, today King World News interviewed James Turk out of Spain. Turk told King World News what level on gold will hold, in the aftermath of the central bank intervention. Here is what Turk had to say about the situation: “We’ve seen this so many times over the past twelve years, Eric. I’m taking last week’s smash in the metals in stride. The fact that central banks chose to intervene when silver had broken out on massive volume and gold was on the verge of a breakout is not surprising. The situation was getting desperate and they had to intervene at that point or things were going to get out of control on the upside.”
James Turk continues:
“For anyone who has been accumulating precious metals over the past twelve years, you have all seen this time and again. But there is an important point to take from this observation, Eric. All of the ham-fisted interventions in the past were eventually overcome, and much higher prices were achieved. I don’t expect this time to be any different from any number of times we have seen this in the past.
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James Turk continues:
“For anyone who has been accumulating precious metals over the past twelve years, you have all seen this time and again. But there is an important point to take from this observation, Eric. All of the ham-fisted interventions in the past were eventually overcome, and much higher prices were achieved. I don’t expect this time to be any different from any number of times we have seen this in the past.
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03 March 2012
SilverDoctors: Even Dennis Gartman Agrees Wednesday's Gold & Silv...
SilverDoctors: Even Dennis Gartman Agrees Wednesday's Gold & Silv...: Analyst Dennis Gartman, whose overall bearishness on gold is only trumped by Jeffrey Christian and Jon Nadler, apparently has been nearly co...
SilverDoctors: Cartel Added 27 Million Oz of Silver Shorts, 1.6 M...
SilverDoctors: Cartel Added 27 Million Oz of Silver Shorts, 1.6 M...: The commercial's increased their silver net short position a massive 5,405 contracts (27.025 million ounces! ) in the week ending Tuesday 2/...
Eric Sprott - What Happened in Gold & Silver is Stunning
Today billionaire Eric Sprott told King World News that a staggering 500 million ounces of paper silver traded hands during the takedown in the metals this week. Eric Sprott, Chairman of Sprott Asset Management, had this to say about what took place the day of the plunge in gold and silver: “I can only imagine it’s the same forces that for the last twelve years have been at work in the gold market, trying to keep the volatility very large on the downside. As you are aware, we hardly ever get days when you get an intraday $100 rise in gold. When we look back at what happened (on Wednesday) we saw huge sell orders in gold and silver.”
Eric Sprott continues:
“When I look at the silver market in particular, in a 30 minute span we had sellers of 225 million equivalent paper ounces, in a market that in one year the silver miners only produce 800 million ounces. So again, it’s the paper markets overwhelming the physical market. It’s stunning to me that on a day like Feb. 29th we traded 500 million ounces of silver.
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Eric Sprott continues:
“When I look at the silver market in particular, in a 30 minute span we had sellers of 225 million equivalent paper ounces, in a market that in one year the silver miners only produce 800 million ounces. So again, it’s the paper markets overwhelming the physical market. It’s stunning to me that on a day like Feb. 29th we traded 500 million ounces of silver.
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02 March 2012
SilverDoctors: JS Kim Discusses Gold, Silver Manipulation with Ma...
SilverDoctors: JS Kim Discusses Gold, Silver Manipulation with Ma...: For those who missed it, on Monday JS Kim discussed a coming manipulation event in gold and silver that would prevent the shorts from gettin...
Whistleblower Maguire - US Entity Interferes in Gold Market
This morning, in an exclusive interview, London whistleblower Andrew Maguire told King World News that the launch of a physical gold and silver exchange in China was interfered with and subsequently killed by a New York based entity with very powerful Chinese connections. Maguire also said Wednesday’s smash in gold and silver was blatant maniuplation. Here is what Maguire had to say about the situation: “Well, Eric, it couldn’t have been more blatant (intervention in the gold market) could it? Talk about not worrying about hiding your footprints. This was obviously sanctioned somewhere at a higher level because the amounts of contracts, paper contracts that hit the market, all at once, within seconds of each other, this was not normal trading.”
Andrew Maguire continues:
“This (manipulation) was 100% to protect resistance levels that were about to be breached. However, I don’t think for a minute this has fooled anybody. Anyone in the physical market was waiting for something like this. You only have to have enough of the weak money in there and sure enough they will flush it out.
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Andrew Maguire continues:
“This (manipulation) was 100% to protect resistance levels that were about to be breached. However, I don’t think for a minute this has fooled anybody. Anyone in the physical market was waiting for something like this. You only have to have enough of the weak money in there and sure enough they will flush it out.
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Billionaire Hugo Salinas Price - Central Banks Smashed Gold
oday multi-billionaire Hugo Salinas Price told King World News that central banks were definitely behind the smash in the gold price yesterday. He also said people should ignore it and continue buying gold and silver. But first, here is what Hugo Salinas Price had to say when asked about the plunge in gold yesterday: “I definitely think the central banks were behind it. I look at the graph of the gold price yesterday and when it collapses down $100 in about an hour, that is not natural market action. I think people are getting used to this. This is standard procedure and it doesn’t worry me at all.”
Hugo Salinas Price continues:
“The paper money people (central bankers), the fiat money people all over the world who are keeping us in this game, they are now in retreat. What you saw yesterday was a ‘Rear guard action.’ In reality, the gold and silver forces are overcoming them and overrunning them.
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Hugo Salinas Price continues:
“The paper money people (central bankers), the fiat money people all over the world who are keeping us in this game, they are now in retreat. What you saw yesterday was a ‘Rear guard action.’ In reality, the gold and silver forces are overcoming them and overrunning them.
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Caesar Bryan: Yesterday’s Gold Selling Raises Serious Red Flags
Today 25 year veteran Gabelli Gold Fund manager, Caesar Bryan, told King World News that yesterday’s selling in the gold market raises some serious red flags. Gabelli & Company has over $31 billion under management and Caesar Bryan has managed the gold fund since its inception in 1994. Caesar also said the activity was very suspicious because the selling was not designed to maximize revenue. Here is what Bryan had to say about the situation: “What we saw yesterday in the gold market was very large volume just pounding the market lower and it raises the question, is this a seller who is trying to maximize his revenues? The answer is, maybe not because it was very sudden and the volume appeared to be very large.”
Caesar Bryan continues:
“This is actually similar to other experiences that we’ve seen in the last year where there has been a very sharp, sudden pullback in the gold market. But what I can tell you is the seller was not looking to maximize his revenue from the sales and to market participants like myself and others this is strange. The design of the selling raises serious red flags and leaves some questions unanswered.
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Caesar Bryan continues:
“This is actually similar to other experiences that we’ve seen in the last year where there has been a very sharp, sudden pullback in the gold market. But what I can tell you is the seller was not looking to maximize his revenue from the sales and to market participants like myself and others this is strange. The design of the selling raises serious red flags and leaves some questions unanswered.
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01 March 2012
Sinclair: Today was a Cover-Up By the Fed & Mainstream Media
Today legendary trader and investor Jim Sinclair told King World News that today’s action was a cover-up by the Federal Reserve and the mainstream media. Sinclair also laid out for KWN readers globally the exact sequence of the cover-up and how it was orchestrated. Here is what Sinclair had to say about the shocking events that took place today: “The power behind the equity markets right now is liquidity and everybody knows it. It’s not improving earnings and it’s clearly not a broad globally improving economy, but rather improving liquidity.”
Jim Sinclair continues:
“If, in fact, what Bernanke attempted to tell the investment world today, that QE may not be necessary because of a modest improvement in the statistics of unemployment, if that was truly to be believed, then the stock market should have been off 800 points while gold was gold was down $100. Because the same thing moving the stock market is what’s moving the metals and that is pure liquidity.
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Jim Sinclair continues:
“If, in fact, what Bernanke attempted to tell the investment world today, that QE may not be necessary because of a modest improvement in the statistics of unemployment, if that was truly to be believed, then the stock market should have been off 800 points while gold was gold was down $100. Because the same thing moving the stock market is what’s moving the metals and that is pure liquidity.
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Eveillard - Desperate Central Banks Intervene in Gold Market
Today legendary value investor, Jean-Marie Eveillard told King World News he believes central banks are desperate and they are intervening in the gold market. Eveillard, who oversees $50 billion at First Eagle Funds, had this to say about the situation, “Usually I don’t have much to say for bullion regarding day to day trading. But a move of $75 is somewhat striking. Central banks acknowledge they intervene in foreign exchange markets. They (central banks) sort of don’t exactly deny, but they are very quiet about the fact that obviously they also intervene in the gold market.”
Jean Marie Eveillard continues:
“For all I know that may be the case today (that central banks are intervening in the gold market). Whether the fact that it’s the last day of the month is important or not, I leave that to traders to explain, if there is even an explanation there.
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Jean Marie Eveillard continues:
“For all I know that may be the case today (that central banks are intervening in the gold market). Whether the fact that it’s the last day of the month is important or not, I leave that to traders to explain, if there is even an explanation there.
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27 February 2012
GATA Chris Powell
Friday, 24 February 2012 00:00
FutureMoneyTrends.com recently met with Chris Powell, the treasurer and director of the Gold Anti-Trust Action Committee (GATA). GATA is a non-profit civil rights organization whose purpose is to expose, oppose, and litigate against the collusion to control the price and supply of gold and related financial instruments.
If you own gold or silver and want to see the manipulation exposed and maybe even one day see it end, we urge all members to support GATA.org by making a donation, even a small donation can help bring an end to the gold cartel.
MORE
FutureMoneyTrends.com recently met with Chris Powell, the treasurer and director of the Gold Anti-Trust Action Committee (GATA). GATA is a non-profit civil rights organization whose purpose is to expose, oppose, and litigate against the collusion to control the price and supply of gold and related financial instruments.
If you own gold or silver and want to see the manipulation exposed and maybe even one day see it end, we urge all members to support GATA.org by making a donation, even a small donation can help bring an end to the gold cartel.
MORE
20 February 2012
SilverDoctors: $6 Trillion in US Bonds: Part of the Collateral fo...
SilverDoctors: $6 Trillion in US Bonds: Part of the Collateral fo...: Yesterday we speculated on the origins of the allegedly fake $6 Trillion in 1934 US bonds seized in Italy. We have now discovered a first-...
18 February 2012
Gld ETF Warning, Tungsten Filled Fake Gold Bars
By Rob Kirby
http://www.kirbyanalytics.com/
(Editor's Note: We first started bringing the existence of tungsten filled gold bars to your attention in November, 2009. Bill Clinton's' involvement with coconspirators Robert Rubin, Larry Summers, and Allen Greenspan came as no great surprise. The absolute corruption of our Government took place during the Johnson administration, and hasn't let up since. - JSB)
Gold Finger - A New Take On Operation Grand Slam With A Tungsten Twist”
I’ve already reported on irregular physical gold settlements which occurred in London, England back in the first week of October, 2009. Specifically, these settlements involved the intermediation of at least one Central Bank [The Bank of England] to resolve allocated settlements on behalf of J.P. Morgan and Deutsche Bank – who DID NOT have the gold bullion that they had sold short and were contracted to deliver. At the same time I reported on two other unusual occurrences:
1] - irregularities in the publication of the gold ETF - GLD’s bar list from Sept. 25 – Oct.14 where the length of the bar list went from 1,381 pages to under 200 pages and then back up to 800 or so pages.
2] - reports of 400 oz. “good delivery” bricks of gold found gutted and filled with tungsten within the confines of LBMA approved vaults in Hong Kong.
Here’s what I now understand really happened:
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http://www.kirbyanalytics.com/
(Editor's Note: We first started bringing the existence of tungsten filled gold bars to your attention in November, 2009. Bill Clinton's' involvement with coconspirators Robert Rubin, Larry Summers, and Allen Greenspan came as no great surprise. The absolute corruption of our Government took place during the Johnson administration, and hasn't let up since. - JSB)
Gold Finger - A New Take On Operation Grand Slam With A Tungsten Twist”
I’ve already reported on irregular physical gold settlements which occurred in London, England back in the first week of October, 2009. Specifically, these settlements involved the intermediation of at least one Central Bank [The Bank of England] to resolve allocated settlements on behalf of J.P. Morgan and Deutsche Bank – who DID NOT have the gold bullion that they had sold short and were contracted to deliver. At the same time I reported on two other unusual occurrences:
1] - irregularities in the publication of the gold ETF - GLD’s bar list from Sept. 25 – Oct.14 where the length of the bar list went from 1,381 pages to under 200 pages and then back up to 800 or so pages.
2] - reports of 400 oz. “good delivery” bricks of gold found gutted and filled with tungsten within the confines of LBMA approved vaults in Hong Kong.
Why Tungsten?
Unfortunately, there are now more sordid details to report. When the news of tungsten “salted” gold bars in Hong Kong first surfaced, many people who I am acquainted with automatically assumed that these bars were manufactured in China – because China is generally viewed as “the knock-off capital of the world”.If anyone were contemplating creating “fake” gold bars, tungsten [at roughly $10 per pound] would be the metal of choice since it has the exact same density as gold making a fake bar salted with tungsten indistinguishable from a solid gold bar by simply weighing it.
Here’s what I now understand really happened:
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