The advent of computer generated trading algorithms heralded a quantum leap forward in the quest for 24/7 control of markets. No longer were humans beings required to do such unseemly things as man trading desks or worry a whit if free markets were, if even infrequently, attempting to function. Algo precision has made even the blackest of black swan events seem to turn lily white in their utter non-eventfulness. No more significant Dow or bond crashes, and best of all, no gold rallies exceeding (exactly) 1.00%, or the occasional 2.00%.
The gold price manipulation scheme will go down as the biggest financial market scandal in US history for numerous reasons. They include the destruction of the free market system in the United States.
My investigation into gold trading irregularities, including the time around the London fixes, initially began after reading the work of the late Adrian Douglas, along with Dmitri Speck.
The Inteligencia Financiera Global blog (Global Financial Intelligence Blog) is honored to present another exclusive interview now with GATA’s Bill Murphy.
July 23 - Gold $1335.10 down $1.30 - Silver $20.25 down 25 cents "GET AFTER THEIR ASS!" … A Texas Football Coach GO GATA!
Turd Ferguson, of the TF Metals Report, does superb work and commentary on the precious metals markets. His latest analysis on Friday’s Commitment of Traders Report caught my attention for a number of reasons, in addition to it being so well done.
10:23a HKT Thursday, March 14, 2013
Dear Friend of GATA and Gold:
Your secretary/treasurer was interviewed today on "Squawk Box Asia" with Bernie Lo on CNBC Asia in Hong Kong. The interview, seven minutes long, may be notable less for anything your secretary/treasurer said than for Lo's acknowledgement that the gold investment world has been mostly turned into paper and hallucination. So word does seem to be getting around.
James McShirley Comments to Lemetropole Cafe - "Virtually every manipulation I follow is in the 90%+ category"Submitted by lemetropole on 03/05/2013 23:10 -0400
James McShirley Comments to Lemetropole - "Virtually every manipulation I follow is in the 90%+ category"
The question many of us had going into today was whether the no follow-through allowed rule would be implemented yet again by The Gold Cartel for the zillionth time in a row.
On May 10, 2000 a GATA delegation consisting of Reg Howe, Frank Veneroso, Chris Powell and Bill Murphy met with Denny Hastert, The Speaker of the House in the United States Congress; Spencer Bachus, the Chairman of the House Subcommittee on Domestic and International Monetary Policy; and Dr. John Silvia, the Chief Economist of the Senate Banking Committee. We presented each of them our 100 page "Gold Derivative Banking Crisis" document and personally delivered it to the staff of every House and Senate Banking Committee member.
You truly have to be mentally challenged if you follow the gold/silver market action and cannot appreciate something is very amiss, as per the confused Mitsui gold people, as brought to your attention the other day.
James McShirley: There is no doubt the past month has been a pre-planned, coordinated attack on gold and silver.Submitted by lemetropole on 12/20/2012 13:55 -0400
Something BIG surely must be coming to justify the ferocity of the cartel. We will wait and see, and wonder where they are getting the physical to pull this off. Non-physical gold investors may come to better understand the phrase "getting Corzined".
A.M. Kitco Metals Roundup: Gold Drops Below $1,700 Following another Mysterious Price Drop in Asian Trading
Gold set for dramatic correction: hedge fund manager
Telegraph notes mystery German gold withdrawal and GATA's clamor about it
Submitted by cpowell on 10:47PM ET Wednesday, October 24, 2012. Section: Daily Dispatches
With the Associated Press report appended here, the German gold audit story has just exploded into the English-language press with some important revelations.