Chris Powell

Tyler Durden's picture

Guest Post: Are The 12 Regional Banks Of The Fed Private Entities?





Well, if you take the US Supreme Court and representatives of the Federal Reserve System at their own words, the case is pretty clear: the member banks of the Federal Reserve System are private corporations / banks.

 
GoldCore's picture

Fed Concerned About Suspicious Gold Trading After FOMC Meeting





Two hours prior to the Federal Open Market Committee (FOMC) release, gold was trading below $1,300/oz but started to gradually tick higher prior to surging higher on heavy volume, minutes prior to the release of the FOMC statement. 

FX markets, stock, bond and commodity markets did not see similar large moves.

 
EB's picture

GATA's Chris Powell on 1200 Tonnes of Missing Gold at the Bank of England





You're not going to believe this: gold is manipulated.  Also, Paul Craig Roberts debunks GDP and lifts the veil off our disinformational gov't

 
lemetropole's picture

Updated CNBC link: Video of GATA secretary's interview on CNBC Asia is posted





 
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.

 
lemetropole's picture

FOR THE RECORD: GATA, Ted Truman And Gold … Another Stunning Revelation





 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.

 
lemetropole's picture

FLASH: German gold report reveals secret sales that likely were part of swaps





With the Associated Press report appended here, the German gold audit story has just exploded into the English-language press with some important revelations.

 
lemetropole's picture

Pepper investors, financial media with GATA's YouTube links





Submitted by cpowell on 02:09PM ET Saturday, September 8,
2012. Section: Daily Dispatches

5p ET Saturday, September 8, 2012

Dear Friend of GATA and Gold:

The Russia Today television network reports very high viewership for GATA hairman Bill Murphy's interview Tuesday on its "Capital Account" program with Lauren Lister, and so Murphy urges GATA supporters to send the interview's YouTube link --

 
lemetropole's picture

GATA Chairman Murphy's appearance on Russia Today's 'Capital Account' posted at YouTube





Dear Friend of GATA and Gold (and Silver):

GATA Chairman Bill Murphy's appearance today on the Russia Today television network's "Capital Account" program, hosted by Lauren Lyster, has been posted at YouTube here:

http://www.youtube.com/watch?v=sxVsosT3GAw

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

 
lemetropole's picture

Smart Money acknowledges its big miss with GATA and gold





Smart Money acknowledges its big miss with GATA and gold

3:40p ET Saturday, August 25, 2012

 
Tyler Durden's picture

Things That Make You Go Hmmm - Such As The Transition From Conspiracy Theory To Conspiracy Fact





Attempts to manipulate free markets invariably end badly - after all, they are, supposedly, by their very nature, free. Over the past few weeks, the exposure of the Libor-rigging scandal has monopolized the headlines of the financial press. The rather obvious implication being that given almost half the reported inputs that help establish the Libor rate are discarded immediately, Barclays simply CANNOT have manipulated the Libor rate alone. Period. At best this is a cartel, at worst it’s outright fraud on a scale that is completely unprecedented. In Grant Williams' humble opinion, the Libor scandal will mark a fundamental change in the treatment of financial conspiracy theories in the media. The sheer amount of coverage it will undoubtedly receive will signal a shift in attitude towards the exposing of such scandals rather than the blind-eyes that have been regularly turned in recent years. Prime amongst conspiracy theories that may soon be finally proven to be either valid or the figments of overactive imaginations, are those alleged in the gold and silver markets. If the long-stated claims about government-sanctioned, bank-led manipulation of precious metals markets are eventually proven to have any validity whatsoever, the fallout from the Libor scandal will prove to be (to use the words of Jamie Dimon) just another “tempest in a tea pot” as the precious metals are the very underpinnings of the entire global financial system.

 
GoldCore's picture

Central Bank Gold Manipulation “Steady As Ever” - Avoid “Paper Gold”





Gold may have its worst week in 2012 as it is currently down 3.5% for the week in dollar terms and nearly 3% in euro and pound terms. However, gold is still higher so far in June and the fundamentals suggest we have bottomed or are very close to a market bottom prior to a summer rally.

However, further short term weakness is possible as speculators go to cash and support is at $1,540/oz (see chart above).

 
Tyler Durden's picture

Riksbank Denies IMF Data Showing Sweden Gold Reserves Up Sharp 18.3 Tons in January





The IMF data on central bank demand in January showed that Sweden raised its gold reserves by 18.3 metric tons to 144 tons in January. The data on the International Monetary Fund’s website was gold bullish showing continued demand for gold by central banks internationally. Belarus added 5 tons to reserves, Kazakhstan raised reserves by 7.6 tons and Turkey increased gold reserves by 4.1 tons. They were two quite odd minor reductions in gold reserves. Mexico reduced bullion reserves by 0.1 ton and Tajikistan cut them by 0.3 ton, according to the IMF. However soon after the increase in Sweden’s gold reserves was reported by Bloomberg, Sweden’s central bank gold reserves contradicted the IMF data and denied that they had increased their reserves. Joanna Gerwin, acting head of communication for the Riksbank, told Bloomberg that Swedish gold reserves were unchanged at 125.7 metric tons in January. Officials at the IMF’s office in Paris said nobody in Europe was able to comment. Alistair Thomson, a spokesman for the IMF in Washington, didn’t immediately reply to a voicemail and e-mail from Bloomberg outside normal business hours. Interestingly, the Riksbank sold 36.6 tons under the Central Bank Gold Agreement (CBGA) from 2007-2009. An increase in reserves of 18.3 tonnes is exactly half of the amount sold and would mean that the Riksbank had bought back half of the gold sold from 2007 to 2009.

 
Syndicate content
Do NOT follow this link or you will be banned from the site!