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Nice to see someone in the financial blogs has the stones to cover this besides me. LOL.
Huffington won't take my COMMENTS now on a story that seems to portray the TBTF banks as the potential victims of evil precious metals bulls who might exploit their naked shorts, although I think the writer might have been trying to make another point. The silence is deafening.
You really can't make this stuff up.
They won't allow you to comment on it? The US is so bloody corrupt.
Perhaps it's a control issue; it takes time to screen undesirable comments out, so why allow readers to go there in the first place. Just shut them out.
Publish your comments here and I bet a bunch of people will copy-paste them into their own comments on huffpo. Not that I would ever condone such anti-patriotic guerrilla tactics.
Trying to pull a faust one, eh? :-) Indeed a bargain.
ow ow ow...
...Actually, that was pretty funny AFA puns go.
If this is Jesse of Jesse's Cafe American, MAN have I occasionaly wanted to be at least able to email you regarding some things on your blog. Why no comments or contact email?!
There is a contact email as big as life on my website. Look at the profile. That is where most bloggers put them.
And the fact that the piece comes from Janet Tavakoli makes it all the more noteworthy. "I want to see you in jail"... exqueeze me?? Is she referring to Sprott? I got the same drift from the story, and she has a bigger, shinier tin foil hat than any gold bull.
Sprott? Could it be?
Her article is odd. Either the bullion banks have the gold to cover or not. If they don't it is fair game to exploit that.
None of this is news as far as the markets are concerned.
Note how a stock like Yamana Gold (Eric King's favorite) is still locked in a steep downtrend, trading at the same price as 2006 when gold was $550.
What will it take to get this thing moving? $1,500? $2,000?
How many people have to be assassinated first?
By the way, why doesn't Eric King interview the CEO of Jos. A. Bank next week?
You know. The IMF guys who pay out billions in counterfeited money for cash for gold commercials. The guys who give food and water to miners in africa and send them with guns down into gang controlled mines charging them interest on the food and water and bullets until they bring them gold and it ends up being just about what they charged for food and water and then rinsing and repeating.
You know the various levels and rings of slavery.
Markets me arse - people cannot pay their debts , that is the only true value of fiat paper - the promise and ability to pay.
When they cease to play this game the present "markets" are kaput
This little game is over.
Gold stocks just aren't popular. Not to mention how demonized mining has become - who would want to harm the environment when you can just use digits? They won't be popular until they are about to finish the boom which isn't even close to ending. Patience.
All this manipulation, short-selling, blah blah blah, it will all end through force in a crack-up boom sort of way. This just gives us cheaper prices for longer.
"Eric King Follow Up Interview With GATA On The Trail Of The Biggest Gold Manipulation Story Disclosed".......and then promptly disappeared, thus making it a non-event.
Funny but I didn't read about this in the papers nor did I see anything about it on the evening news with Brian (is placing my face on the side of a milk jug in the name of publicity going too far) Williams.
Nobody cares about gold.
What they do care about is oil, and everyone seems to believe OPEC is manipulating prices higher.
I suspect that Bama knows about Peak oil and that we've passed it. You think GATA's schtick is a big deal, who cares?
Is Peak Oil part of the mainstream discourse? No. Only how them oil companies is screwing us with $3 gas.
People believe in fairy tales like OCS oil saving us; nobody wants to listen. It takes the otherwise rational YEARS to accept Peak oil. A very educated friend of mine assumed that if it were real he'd have heard of it. It took rephrasing what Peak meant WRT "interest rates" or the cost of capital to get him to understand. And even crossing that threshold, you hear deus ex machina cloture.
If I were buying gold it wouldn't be because it's special, just because it's compact and of recognized real worth.
If they didn't care about gold they wouldn't manipulate it. Gold is the key to unravelling the fiat currency USD hegemony pyramid. Gold tells you the emperor has no clothes.
Don't focus on the paper, focus on the real.
The explosion comes from the oil market...oil moves things and it's what digs up gold too
Even more to the point if the PTB didn´t care about gold they wouldn´t have stolen so damn much of it! What about the tungsten bars in Hong Kong??? That story left about as fast as Sec. Clinton did on her way to Beijing hours after it broke.
Nahhhhh.. Thats tinfoil hatstuff, poppycock and bolderdash to boot.
What happened with the Japanese nationals crossing the Swiss border with almost a quarter TRILLON in phony U.S. treasury bills?
Thats IT!!! Move along people, thats right! Nothing to see here!!!!
Gold represents freedom. No one can easily counterfeit it (well except for Tungsten bars) to steal from all savers. If everyone's savings wasn't diluted at the rate of 50%/decade, imagine how free people would be to stop worrying about money, making risky investments in the stock market, or trying to game the real estate market just to stay ahead.
You could simply exchange your labor for other men's labor to dig up the gold and then exchange it for oil companies to dig up their oil. Much less to worry about with gold versus fiat.
Fiat keeps people pre-occupied with worrying. This keeps the sheep from thinking too much or getting to actually accumulate savings to make life easier. In a world where everyone is relatively rich relative to things they need to live, who is there left to enslave?
- hey, thought this would enhance your post;
SC, It's kinda crass to pitch your website with every comment you make.
"If I were buying gold it wouldn't be because it's special, just because it's compact and of recognized real worth."
Isn't that a description of "special" in the context of money?
Everyone in the know knows this is going on. It's been talked about for years.
The Fed is managing prices through its proxies. Period.
They can cash-settle gold at a premium, because cash is free to make. That's actually a good way to drive inflation in the money supply if they so choose.
The problem is with oil; you cannot forcibly cash-settle a barrel because cars and ships don't run on cash.
Obviously, the paper markets have broken down because they no longer reflect reality. It will all unwind at some point just like any other fractional paper scam.
"The problem is with oil; you cannot forcibly cash-settle a barrel because cars and ships don't run on cash."
I beg to differ. What about the Stanley Steamer? It can (happily) run on cash.
Gonna hafta ramp up that there production
Now those are rims to die for.
How many miles per bill does it get?
AHAHAHAHAhahaha, yes, excellent - but guess what...Chumbawamba is way ahead of ya !! Check out his ride;
don't forget wood gasification:
With so many fab sources - many of which I had been reading/listening to/otherwise following for so long - all apparently converging on a few central themes, I'm finding it difficult to do any real work.
I can only hope it continues.
And yet spot silver and gold are still in the same range they have been in for a while. wtf.
Remember these are FAKE paper prices you're looking at.
These prices are not fake until I can no longer buy and sell physical gold at a small premium or discount to the current spot price, and this is still the case. And the BB's are constantly flaunting their ability to set this price.
I think the issue is more one of time, as in "in 3 months, you will far better be able to see what the price should have been", or as in "if I just massively short this market over the next 3 months, then I will be millions richer.
Be interesting to see if there will be an asian takedown, or any takedown for that matter. If the story is true, I can't imagine someone not taking advantage of it, unless they fear of military reprisal...
Nothing to see here, move along. We control the vertical and the horizontal...
Damn Robo, I just found that link to post but you beat me to it.
Horizontal and vertical just fine here,
Its your Yagi thats off....
Some folks like watching the Chief Show
I just ordered up the first season of the "new" Outer Limits (1995 version) for my viewing pleasure. Why the hell not? I live it on a daily basis.
I will argue that why should pay when I'm already living in an episode?
I'm reliving "Dark Shadows"
we need a little vertical for some of those involved:
With the bankrupt Euro zone , and GATA having no proof for ten years, even though true manipulation has existed.. this News is just what can save the Euro. I take this revelation as war between the Fiat overlords.
Denninger is really beginning to annoy me. The Hunt brothers were not SHORT silver.
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