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GATA, SHAKA ZULU, And The Coming Gold/Silver STORM!

lemetropole's picture




 

28, 2012

 
GATA, SHAKA ZULU, And The Coming Gold/Silver STORM!
 
Hi,
This is Bill Murphy, GATA chairman and of
www.LeMetropoleCafe.com, and this is about my commentary on Friday. To get right to the point, three quality sources told me three weeks ago that the gold and silver markets were going to take off in August and I have been pounding the table on such ever since.  The action in the Gold Cartel suppressed precious metals markets the past few days suggests that surge has already started.
 
As part of this surge, it has come to my attention that the nefarious activities of JP Morgan’s manipulative short position in the silver market is going to come to light in August, especially since they still have a big problem with that position … and part of it relates to their announced “whale trade loss issue,” if what I am told is spot on.
 
The Barclay’s Libor scandal has alerted the investment world how manipulated the financial markets really are. The Gold Anti-Trust Action Committee has been sounding off on this critical issue since January 1999. On January 31, 2008, the Wall Street Journal printed GATA’s $264,000 full page color ad about the ramifications of the gold price manipulation scheme. We used the words “disaster” and “catastrophe” about what was coming in that very ad. In typical fashion, the press ignored GATA and how prescient we were…
 
 
 Two months later the financial market collapsed in the US began in full fury.
 
Perhaps this portion of my Friday commentary will be of interest to you before the end of summer:
 
It is time for things to happen. As you know by now, I have been jumping up and down for fireworks to happen in August. We shall see. All I can say is that what has been brought to my attention over last three week period from the "best of" sources all points to the same conclusion. It will be nitty gritty time SOON. Perhaps that “soon” is “now” the way gold has traded the past three days.
 
If what I think I know is correct, it will be time to pour it on our adversaries and send them running for the hills. It got me to thinking of some old time energy which could recirculate to give The Gold Cartel the PUSH in that direction of those hills.
 
So much time goes by, many veteran Café members and GATA supporters might forget where one of GATA’s initial energy efforts came from to defeat The Gold Cartel. It surfaced from GATA’s trips to South Africa and relates to Africa’s greatest general in history, Zulu warrior chieftain SHAKA. It was around that time that one of the greatest movies ever, Zulu, starring Michael Caine, was on cable TV over and over again. It caught my imagination about how GATA could employ SHAKA’s battle plan to win the day for us … especially pertinent in that the Zulu miners were suffering so badly due to the heinous Gold Cartel’s price suppression scheme, as was all of South Africa.
 
So, retro time, as we continue to follow the SHAKA battle plan to defeat the heinous Gold Cartel…
 
An update on that Enveloping Horn Strategy…
 
*Our legal efforts against The Gold Cartel at the point of the horn are ongoing, as you well know by our latest FOIA efforts.
 
*Our left flank efforts with the press to expose The Gold Cartel’s price suppression scheme have gone on further than imaginable, what with all the evidence GATA has come up against them. Never in my wildest dreams could I have imagined how bought off and cowardly the financial press really is. I could go on and on here, but you get it and know that by now. The good news is the sleepy and kowtowed financial market reporters finally have their sniffers going in our direction after all these years.
 
*Our right flank already has won a clear victory. The big hedgers, AngloGold and Barrick, allied with The Gold Cartel back then, ended up running for their own hills and took something like $20 billion in losses for their ill-advised association with the dark side. $20 BILLION! GATA was right and the shareholders of those firms paid the consequences. Of course, all those higher ups at Barrick especially, just get off with tens of millions in compensation. "SO BE IT," as SHAKA would say.
 
One more thing, and prior to our GATA conference, I met with the KING of the Zulus in Durban, South Africa, a direct descendant of SHAKA. I promised him GATA would win the day for his Zulu miners. While his security was extensive and time consuming, he was a most engaging man and great company…
 
A 40 second sound bite before GATA’s historic Gold Rush 21 conference in the Yukon’s Dawson City in August of 2005. Andrey Bykov, economic advisor to  Russia’s President Putin at the time, said it was the finest conference he ever attended. He then came back to GATA’s sold out conference at the Savoy Hotel in London a year ago, at which 400 people attended from 38 countries…
 
 
Bill Murphy
Chairman
Gold Anti-Trust Action Committee
 

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Mon, 07/30/2012 - 09:48 | 2662023 bushwarcrime
bushwarcrime's picture

Thank you Confundido! and thank you GATA,

Condfundido, that was the most concise information  for the layman yet on our quandry and how to perceive it.  Will recommend it to others.

see you in Gitmo /s  ;)

Sun, 07/29/2012 - 18:24 | 2660953 mt paul
mt paul's picture

when tomorrows become doubtful....

 

the futures markets

will be pointless

Sun, 07/29/2012 - 17:18 | 2660846 Peter Pan
Peter Pan's picture

Good article, therefore preparation is more important than a date.

Sun, 07/29/2012 - 16:43 | 2660767 terryfuckwit
terryfuckwit's picture

cantbe arsed explaining anything on planet thick twats

Sun, 07/29/2012 - 19:25 | 2661052 Bansters-in-my-...
Bansters-in-my- feces's picture

Hey terryfuckwit,seems you chose your user name wisely.

Good job.

Sun, 07/29/2012 - 23:04 | 2661401 StychoKiller
StychoKiller's picture

His comment can't even be parsed -- FAIL!

Mon, 07/30/2012 - 07:36 | 2661757 Disenchanted
Disenchanted's picture

 

 

 

He can't be bothered to explain anything to dumb fucks the world over.

Sun, 07/29/2012 - 16:42 | 2660766 Seorse Gorog fr...
Seorse Gorog from that Quantum Entanglement Fund. alright_.-'s picture

The whole thing is written in bold!! It must be important then. We better start seeing some hard evidence about this 'manipulation'. I still want to see gold at $2000 this year though.

Sun, 07/29/2012 - 17:03 | 2660815 Bay of Pigs
Bay of Pigs's picture

To go their site. There's 13 years worth of hard evidence there for you to read.

The direct quotes by the former FED chairmans are the best.

Sun, 07/29/2012 - 16:32 | 2660743 RockyRacoon
RockyRacoon's picture

GATA does a fine job, but I'll be more heartened by articles by other than those who have been tooting the PM horn over the last 10 to 12 years.   I'm in, but others will have to come forward; those who heretofore have been haters will have to confirm the move.   Without that the true rise in gold to its actual "value" will not happen.

Sun, 07/29/2012 - 16:47 | 2660773 Oracle of Kypseli
Oracle of Kypseli's picture

I can understand gold agnostics, but what is the reason for gold and silver haters? We need someone with the credentials to give us the psychological profile for them.

Who are these guys that take time to put down arrows, without presenting an opposite thesis other than "barbarous relic." "You can't eat." and "it does not pay interest."

My silver dollars inherited from my parents are paying dividents now.

Mon, 07/30/2012 - 03:45 | 2661663 Bloodstock
Bloodstock's picture

In response to your question concerning the psycological profile, they are nuts! Credentials should not be necessary for the obvious.

Sun, 07/29/2012 - 17:03 | 2660814 New_Meat
New_Meat's picture

"Who are these guys that take time to put down arrows, without presenting an opposite thesis..."

Why Oracle, you should have already divined the answer to this conundrum.  They are the "pussy junkstaz."

- Ned

Sun, 07/29/2012 - 17:06 | 2660818 RockyRacoon
RockyRacoon's picture

My personal goal is to comment when I give a down arrow.   Up arrows I give with abandon.  It's only fair.

Note your up arrow is missing for the well-known reason, the quote.

Sun, 07/29/2012 - 17:45 | 2660882 New_Meat
New_Meat's picture

Well, rock, good to see ya'.  And yes, that is my constant point about pussy junkstaz--state the objection (if any, other than a dismissive meh).  s/f - Ned

Sun, 07/29/2012 - 21:46 | 2661300 RockyRacoon
RockyRacoon's picture

By that rule there should be several more comments here since I gathered myself some junks.

I guess the JUNSTAZ have struck again.   They can just kiss my fuzzy butt.

Sun, 07/29/2012 - 22:27 | 2661354 Raymond K Hessel
Raymond K Hessel's picture

After having read the comments on this site in the past, the junk arrows are quite polite.

A really thick skin is a necessary on this site.

Mon, 07/30/2012 - 03:26 | 2661652 Dr. Sandi
Dr. Sandi's picture

Dibs on the 'coon's really thick skin.

Oh, yeah, and the tail too. Gotta have the tail to do it right.

So far, I haven't seen anybody who has what it takes to skin old Rocky. But dibs anyway.

Mon, 07/30/2012 - 01:17 | 2661601 RockyRacoon
RockyRacoon's picture

Yeah.  Today is my 3 year ZH birthday.  I've figured that part out.  Just having some fun.

Sun, 07/29/2012 - 16:22 | 2660721 IcarusOnFire
IcarusOnFire's picture

You know it's all part of the game to do this to us.  Get our hopes up time and again, and then time and again beat us down with a 2 X 4.  The emotional roller coaster absolutely destroys demand.  As investors get destroyed they vow not to ever return.  That's how THEY win.  "NEVER UNDERESTIMATE THE POWER OF THE DARK SIDE OF THE FORCE."

I'll believe it when I see it, not a second sooner.

Icarus

Where is Wynton Benton?

Mon, 07/30/2012 - 03:23 | 2661651 Dr. Sandi
Dr. Sandi's picture

 

I'll believe it when I see it, not a second sooner.

Icarus

Where is Wynton Benton?

Wynter Benton is currently on tour, stripping for John Galt and a lively group of clever gentlemen in an exclusive venue somewhere in the Colorado Rockies.

 

Sun, 07/29/2012 - 21:34 | 2661270 Jungle Jim
Jungle Jim's picture

Yeah. I went out and bought what some people would call a lot of silver and gold. Right now it's all worth a good deal less than what I paid for it. I mean if you care about the market value at all. According to that I LOST somewhere between $14 grand and $25 grand. (I'm not exactly sure how much, because I didn't buy it all at the same time, and the prices were bouncing up and down the whole time.) It has been emotional, and not in a fun way.

So, yeah, now seeing is believing. I'm not just going to believe every tale of Eldorado or Silverado or whatever that I hear.

 

Mon, 07/30/2012 - 23:29 | 2664104 MeelionDollerBogus
MeelionDollerBogus's picture

http://flic.kr/p/cgMBw3 then believe in evidence, data, math You could have used GLD puts or shorting when buying bullion near the peaks

But unlike MF Global customers your account can't be swiped with digital commands or reduced to 0 by other means. you have security. It has mass and elemental purity.

that's the only way security can exist.

Mon, 07/30/2012 - 05:21 | 2661682 cynicalskeptic
cynicalskeptic's picture

patience... unless you really think our politicians and bankers are going to fix the mess we're in....   I lost far more on blue chip stocks when the market tanked - made it more than back up playing the armageddon card.... paper profits are down a bit at the moment but I'm still far ahead....

It's been a rigged game for some time.  MOPE means management of PERSPECTIVE.... managing how people see things and that's what's behind the manipulation of PM's .... the $US really IS great and good - don't look behid the curtain... if you do you'll see that CHina, Russia and damn near anyone that can is exchanging paper dollars for tangible assets.....   DIversions abound... Eurpoe is amess - flee to the safe dollar... GREECE is failing (just don't mention that California is 10 times larger economically and in far worse shape)......  Britain s back in recession (only because they're reporting somewhat more accurate numbers than we are - the US has 20+% unemployment and a NEGATIVE 2% GDP 'growth')

BTW -  JPMorgan lost a few BILLION (likely more than that) lately......   

Mon, 07/30/2012 - 03:41 | 2661662 Bloodstock
Bloodstock's picture

Go long and hang on, it'll be back! 

Sun, 07/29/2012 - 23:01 | 2661398 StychoKiller
StychoKiller's picture

You can bitch about the cost(s) of homeowner's insurance too -- until yer house burns down, then you'll be glad you have it -- same with Au/Ag (Wealth Insurance.)

Sun, 07/29/2012 - 21:51 | 2661313 Clint Liquor
Clint Liquor's picture

If you have a substantial amount of physcial Gold and/or Silver you are 1% of the world's population. 75% of the remaining 99% wish they had the means to own it and the other 25% have the means but are incredibly stupid. Count your blessings asshole, you are a 1%'er.

Mon, 07/30/2012 - 02:35 | 2661639 tenpanhandle
tenpanhandle's picture

I see nothing that would earn him the title of asshole so I will move that word and put it where I think it belongs; somewhere around your nom de plume / avitar.

Sun, 07/29/2012 - 16:41 | 2660762 SubjectivObject
SubjectivObject's picture

Obmama has redefined hope for a generation.

Sun, 07/29/2012 - 16:49 | 2660781 HungrySeagull
HungrySeagull's picture

Bitterly clinging to bible and guns while stacking....

 

Oh wait... was that a box of ammo or a monster box?

Mon, 07/30/2012 - 05:26 | 2661683 cynicalskeptic
cynicalskeptic's picture

sorry, but imho the Bible won't do much unless it's used as body armor.....   I suspect 'God' is far far away and not paying much attention.... we were provided the basics and left on our own - and to a large extent we've made a mess of things.

Sun, 07/29/2012 - 15:58 | 2660675 KingdomKum
KingdomKum's picture

we few, we happy few, we band of silver holders  .  .  . 

Sun, 07/29/2012 - 16:59 | 2660806 New_Meat
New_Meat's picture

it basically sucked the first time ;-)

Sun, 07/29/2012 - 15:56 | 2660671 KingdomKum
KingdomKum's picture

we few, we happy few, we band of silver holders  .  .  .  

Sun, 07/29/2012 - 15:49 | 2660656 terryfuckwit
terryfuckwit's picture

precious metals or lottery tickets... take your pick

Mon, 07/30/2012 - 03:19 | 2661650 Dr. Sandi
Dr. Sandi's picture

I feel lucky. I think I'll cash in all my PM for lottery tickets.

Sun, 07/29/2012 - 15:33 | 2660623 HungrySeagull
HungrySeagull's picture

I have always said, that paper shit will be a inferno to behold.

 

If you don't own it, you have nothing.

Sun, 07/29/2012 - 16:02 | 2660685 Gringo Viejo
Gringo Viejo's picture

...and if it's not in your personal possession, you don't own it.

Sun, 07/29/2012 - 15:17 | 2660598 zorba THE GREEK
zorba THE GREEK's picture

Soon, the big bucks will come running to gold and silver for shelter from the rapidly

approaching global financial s**tstorm. Any PM shorts will be crushed and the shortcovering

will be fuel on the fire.

Mon, 07/30/2012 - 05:38 | 2661690 cynicalskeptic
cynicalskeptic's picture

will come running?!?!  

FUTURE tense?????    uh... no.  Try HAVE BEEN BUYING and STILL ARE

newsflash... the big $ have been in for some time and hey're still buying.  Read the article on Free Port in Switzerland?  - the customs holding area 'outside' the country (meaning tax never-never land..... great place to hide things as well)..   The damn vaults are full up - artwork and gold - things that seriously wealthy people are using to preserve thier wealth and buying power.  They're exchanging paper fopr things that they perceive to have tangible and lasting value.  So while the poor schmucks are selling off the last piece of gold they have to 'WE BUY GOLD' at a fraction of it's value - the remnants of REAL value that are being sucked up out of themasses are being refined and remelted into bars bought by billionaiores and stashed in thick walled Swiss vaults. 

 

BTW - the Arabs have had doubts about holding paper dollars for a while... buit too many of them were dumb and trusting.  Much of the gold THEY bought was 'safely stored' for them in London vaults.....   some people are in for a rude awakening when they go to collect 'their' gold.....   they're going to find it got 'lent out' and is now sitting in a vault in Hong Kong or Shanghai or St. Petersburg - AND possession is 9/10's (actually pretty much everything...)

Sun, 07/29/2012 - 21:39 | 2661292 Jungle Jim
Jungle Jim's picture

But  how soon? Some of us are running out of time.

Sun, 07/29/2012 - 22:09 | 2661333 harleyjohn45
harleyjohn45's picture

I started stacking metals in 1970 thru 2005.  I'm still waiting, since you are a newcomer, it will take a couple more years.  Time is running out for the Fiat printers.

Sun, 07/29/2012 - 18:57 | 2660782 Doña K
Doña K's picture

Zorba,

Are gold coins available in Greece? at what premium?

EDIT:

That is a serious question. Why the down arrows?

Mon, 07/30/2012 - 03:11 | 2661648 peter4805
peter4805's picture

Hello,

Here's a selection of modern gold coins available from Greece. Hope this helps.

http://www.taxfreegold.co.uk/greece.html

Sun, 07/29/2012 - 15:16 | 2660595 JawsMusic
JawsMusic's picture

You guys are falling down on the job, I guess I'll hav to do it....

Gold Bitchez!

Sun, 07/29/2012 - 15:13 | 2660589 UP4Liberty
UP4Liberty's picture

AUDIT THE FED!

STIFF THE FED!

AND THEN END THE FED!

 

WOW - that sounds good!

 

:)

Sun, 07/29/2012 - 16:58 | 2660800 New_Meat
New_Meat's picture

a HAPPY ENDING on ya!

Sun, 07/29/2012 - 16:40 | 2660757 Urban Roman
Urban Roman's picture

And put Congress in charge of the printing press. What could possibly go wrong with that?

Mon, 07/30/2012 - 00:45 | 2661583 Boxed Merlot
Boxed Merlot's picture

Are you implying that Congress is not in charge of the printing press?  What do you think Timmy's been peddling to the private sector fed?  Granted, it's not legal tender as frns, it's worse, it's interest bearing notes.

 

End the fed!!!

 

Coin constitutional money.

Sun, 07/29/2012 - 20:56 | 2661170 Pinto Currency
Pinto Currency's picture

 

Only a fool would suggest putting Congress in charge of printing presses.

The market has chosen gold and silver as money over 5,000 years. 

Stalin, Lenin, Hitler, and bankers chose paper as money last century.

 

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