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Fed, ECB “Monetary Insanity” Is “Frightening” - Gold Rigged … For Now

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Fed, ECB “Monetary Insanity” Is “Frightening” - Gold Rigged … For Now

Max Keiser interviewed GoldCore Research Director, Mark O’Byrne last week and the video was released on Saturday.

Key points and topics covered:

- “Monetary insanity” of ECB and Fed is “frightening”
- “Absolutely nothing has been learned” since financial crisis
- “Financial hypocrisy on a grand scale”
- Ireland was vassal of Bank of England and now ECB
- Ireland needs to get “financial and monetary independence”
- Huge demand for gold and yet prices manipulated lower
- Real unemployment is U.S. probably 15-20%
- Dollar may rally in short term but vulnerable in long term
- Russia, China may monetise gold as geopolitical weapon
- Gold and silver are “hedges for you in local currency terms”


You can watch video here

DAILY PRICES

Today’s Gold Prices: USD 1068.00, EUR 973.96 and GBP 703.67 per ounce.
Friday’s Gold Prices: USD 1067.20, EUR 973.86 and GBP 704.93 per ounce.
(LBMA AM)

Gold in EUR - 10 Years

Gold gained $6.50 on Friday to close at $1078.20, a loss of 0.65% for the week.  Silver was down by $0.16 to close at $13.95 a loss of 4.12% for the week.  Platinum lost $11 to $841.

IMPORTANT NEWS

Gold ticks up but looming U.S. interest rate hike weighs – Reuters
Asian Stocks Join Global Selloff as Commodity Producers Retreat – Bloomberg
Wall Street veterans say rate-hike past is not prologue for markets – Reuters
Italy bank rescue marred by suicide and lost savings – BBC News
Third Avenue junk fund blowup exposes risks of unsellable assets – CNBC

IMPORTANT ANALYSIS

Austria Proudly Shows Off The 15 Tons Of Gold It Repatriated From London – ZeroHedge
India’s Failing Gold Monetization Scheme: Seizure Imminent? – ZeroHedge
‘The Fed Awakens’ expected this week amid volatility spike – MarketWatch
Junk Bonds Are Tanking and Icahn Says Meltdown ‘Just Beginning’ – Bloomberg
Investor checklist for a stock market crash – The Telegraph

 

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Mon, 12/14/2015 - 18:26 | 6923328 alexcojones
alexcojones's picture

When has Gold NOT been rigged?

49er era?

Mon, 12/14/2015 - 16:00 | 6922789 actionjacksonbrownie
actionjacksonbrownie's picture

This isn't news, it is a running headline that is over 100 years old.

Mon, 12/14/2015 - 15:58 | 6922779 THE DORK OF CORK
THE DORK OF CORK's picture

Above read only for Irishmen

Incomprehensible for most

 

The Irish free state (in reality 1920s -70s) was a period of capitalistic (usury based) concentration which actually increased the power of Dublin relative to the region's.

 

It had nothing much to do with the decentralised nationalism of Corkery. 

However post 1970s the tempo of destruction increased with the EU destruction of old Ireland.

 

Mon, 12/14/2015 - 13:51 | 6922132 dot.dot
dot.dot's picture

?

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