• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

MNI Reports Coordinated Central Bank Intervention Sends Gold Lower Intraday

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Thu, 12/08/2011 - 13:36 | 1959327 hugovanderbubble
hugovanderbubble's picture

Who´s buying it?:)

Thu, 12/08/2011 - 13:37 | 1959330 Crisismode
Crisismode's picture

I am, for one.

Thu, 12/08/2011 - 13:40 | 1959337 BaBaBouy
BaBaBouy's picture

Fucking Manipulation... Thats about all they know how to do...


Butt remember, they play only with PAPER Gold.

Thu, 12/08/2011 - 13:53 | 1959438 Pladizow
Pladizow's picture

GATA Bitchez!

China says thank you velly velly much!

Thu, 12/08/2011 - 14:00 | 1959497 trav7777
trav7777's picture

keep buyin...I guess they can naked short it and end up printing cash to cover

Thu, 12/08/2011 - 14:13 | 1959597 knukles
knukles's picture

Another Conspiracy Theory blown to shit.
I am getting so fucking tired of expostulationg ideas over the years to be told I'ma Conspiracy Theorist, Nutjob, fucktard only later to proceed through the gradual unwinding process of the shit becoming true.
And by the time it does, everybody else in the worls looks at you and says... What?  Everybody Knows That!

OK So fuck off if you're not thinking like the Knukles.
Even yesterday. I was at a luncheon populated heavily with equity managers and it was like being in an alternative fucking universe.

And today, watching gold get fucking battered, it was clear as a bell.  Somebody was fucking with it tryong desparately to knock it doen what with all the bad news circulating WorldFuckingWide.

Shite, it's all shite and getting shitteier. 

Thu, 12/08/2011 - 14:25 | 1959688 Hard1
Hard1's picture

Great news!!, they are subsidizing our last chance to buy at these prices.

Thu, 12/08/2011 - 14:54 | 1959866 Quinvarius
Quinvarius's picture

The Federal Reserve attacked the US Treasury's already precarious solvency.  That is all I see--The Fed making the people and the government of the USA poor.  It was an attack on the USA plain and simple.  Besides the fact that it is treason and terrorism, it really pisses me off. 

Thu, 12/08/2011 - 15:13 | 1959957 zorba THE GREEK
zorba THE GREEK's picture

The fact that central banks are selling gold openly now, smacks of desperation.

The time to prepare is running out. PMs are on sale.

Thu, 12/08/2011 - 15:51 | 1960097 Kali
Kali's picture

The stench of their fear is overwhelming.  The blatant manipulation of everything, markets/gold, means it is all over.  I am  glad, I am tired of waiting.  I am having a real hard time justifying sending the governments (yes state and local too) any of my "taxes" for 2011.  I have no reason to be paying any of these lying, psychopathic pieces of donkey shit any of my earnings.  They have all declared war on the people of this country.  We need to declare war back.

Thu, 12/08/2011 - 19:08 | 1961060 The Japer
The Japer's picture

Kali, until I read your comment, I thought I was the only one thinking about withholding taxes owed to government.  Would that not be the best way to protest and voice our justified anger at politicians and ever-expanding government intervention in our lives?  Why aren't more on board?  Where is the populist support? 

Thu, 12/08/2011 - 15:58 | 1960127 Badabing
Badabing's picture

A complicated web we weave.

central banks have gone from net sellers to net buyers in the last few years!

How many times have we heard this!

Now we know why, they sell on paper and buy phyisical the same day, the central banks should be shut down!

but how the hell do you do that?

Thu, 12/08/2011 - 16:03 | 1960137 Kali
Kali's picture

Nukes?  pitchforks and torches, guillotines, sniper rifles, food poisoning, let me count the ways.  It appears to be the ONLY way.  Their intent is clear.  They intend to steal everything that exists and starve us all out. 

Thu, 12/08/2011 - 16:14 | 1960192 grekko
grekko's picture

I got gold and silver, (think I'll buy some more though) I just need more bullets. 

Thu, 12/08/2011 - 18:11 | 1960901 toothpicker
toothpicker's picture

The worst of the worst are all those smart ass technical analysts: analyzing and making charts of manipulated markets! The can stick their fibonaccis!

Thu, 12/08/2011 - 19:11 | 1961071 RiverRoad
RiverRoad's picture

Right.  "They" always drive down the price of whatever it is that "they" want to buy, so buy along with 'em.

Thu, 12/08/2011 - 14:30 | 1959723 machineh
machineh's picture

Let's be charitable -- maybe the turbocharger broke on the printing press, and they needed to raise some quick cash.

After all, with the debt ceiling fast approaching, why wouldn't cornered rats just sell gold? 

Thu, 12/08/2011 - 14:54 | 1959871 HoofHearted
HoofHearted's picture

They're just trying to get the last of these high prices for gold...just like England did in...oh shit, nevermind.

They're all motherfucking assholes. We know that. Let's stop voting for the one of the two approved candidates that is the less asshole-ish and vote for someone who really ought to be in a place of influence. Ron Paul for President.

Thu, 12/08/2011 - 16:15 | 1960197 grekko
grekko's picture

I'll drink to that!

Fri, 12/09/2011 - 01:35 | 1961987 FlyPaper
FlyPaper's picture

You do realize that if Ron Paul became President, they'd likely try to send him on a convertible ride in Dallas...

Thu, 12/08/2011 - 18:40 | 1960984 4horse
4horse's picture


which is how they make a living, with their mouths



                          they ain't sold no gold

Thu, 12/08/2011 - 14:51 | 1959857 mirac
mirac's picture

Way too many F's...

Thu, 12/08/2011 - 18:34 | 1960967 4horse
4horse's picture

yes. never knuckle under:

. . . And by the time it does, everybody else in the worls looks at you and says... What? Everybody Knows That!


All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.





a lifetime of lies: JFK. 9/11              

Thu, 12/08/2011 - 14:23 | 1959641 Troll Magnet
Troll Magnet's picture

Okay, here's how you play this bullshit game.

If you already own a bunch of physical, relax and act like you don't know what gold or silver is.  Don't let anyone know you own anything.  You're sitting real pretty.

If you're still accumulating, buy a little here but don't buy too much.  For example, if you had set aside $1,000 to buy more physical gold, spend maybe $250 and hold on to the rest of your paper money.  And accumulate more cash for the time being.

If you don't own any physical gold, start buying now.  But don't go all in.  I'd spend 50% of my cash on gold and silver right now if I didn't own any PMs.  

When shit starts to crash and burn all around us, gold could very likely dip to the $1,600 level or maybe even $1,500 to $1,400 range before it shoots north of $2,000 and (much, much) higher.  Then you can clean out your coin dealers' inventory and laugh all the way to your undisclosed location.  

Personally, I bought a couple oz a few weeks ago when the price dipped to the mid $1,600 range.  And since I'm still in an accumulating mode, I'm licking my chops this morning.  Mmm...Gold...or maybe I should pick up a couple of more 100 oz silver bars.  Decisions, decisions...

Thu, 12/08/2011 - 14:46 | 1959836 XitSam
XitSam's picture

Timing a manipulated market? Thanks, but no thanks. I'll just buy and not worry about the gains I could have had.

Thu, 12/08/2011 - 15:17 | 1959969 lemonobrien
lemonobrien's picture

love how your prices are hundreds of $ off. at least you're honest about being a troll.

Thu, 12/08/2011 - 16:19 | 1960214 grekko
grekko's picture

When gold hits $6K-$8k, who's gonna care that the you saved $200/ounce?  That won't even be enough to get a coffee at McDonalds at that time.

Thu, 12/08/2011 - 17:41 | 1960768 Troll Magnet
Troll Magnet's picture

Well, let's say you have $10,000 to buy physical gold.  If you buy right now at $1,700/oz, you can buy 5.8 oz.  But if you're lucky enough to catch the dip and buy @ $1,500/oz, you can buy 6.7 oz.  


If/When gold hits (let's say) $10,000/oz, your gold will be worth either $58,000 or $67,000.  

That's why you should care.

Sat, 12/10/2011 - 04:22 | 1965646 boatman
boatman's picture

catch that falling knife if u can....not as easy as it sounds....if u think it is then you've never done it.

Thu, 12/08/2011 - 19:23 | 1961099 fiddler_on_the_roof
fiddler_on_the_roof's picture

I don't think you will be able to buy any Gold below $1650. Today's price looks like an interim bottom to me.

If I were you, I will go all in now at $1708.

Thu, 12/08/2011 - 14:06 | 1959530 bernorange
bernorange's picture

GATA recently highlighted an FT report about massive bank gold leasing.  More paper games with paper gold.  As a PM bug, I prefer the real thing.

Thu, 12/08/2011 - 15:45 | 1960073 knukles
knukles's picture

Oh yeah, and a second thought.  Having been said that this don't happen and having been noted that it probably, likey, pretty much is happening, does this open up a possible perjury charge in front of Congress by you know who? 

But then again whose gonna enforce the laws in the land of the lawlwss?

Thu, 12/08/2011 - 16:19 | 1960213 midtowng
midtowng's picture

Gold technicals show a huge compressing wedge. It's gotta break one way or another in the next couple weeks

Thu, 12/08/2011 - 15:39 | 1960049 el Gallinazo
el Gallinazo's picture

Butt remember, they play only with PAPER Gold.


You mean they're not seliing Fort Knox tungsten?  I wanted to refurbish some old light bulbs.

Thu, 12/08/2011 - 16:12 | 1960180 earleflorida
earleflorida's picture

bis is not a paper tiger, but a well endowed golden eagle with stealthy talon's 

Thu, 12/08/2011 - 13:40 | 1959371 HedgeAccordingly
HedgeAccordingly's picture

id rather buy dollar and sit.. and wait.. ES on a ledge http://hedge.ly/vPBzqh

Thu, 12/08/2011 - 13:50 | 1959430 LawsofPhysics
LawsofPhysics's picture

I agree, but since when have technicals mattered?  Only a few things can be bet on safely;

1) If TPTB can change the rules, they will.

2) IF TPTB can manipulate the markets without any serious chance they will lose everything, they will.  

The flux of available energy is forcing the return to local economies.  This is a central "controller's" worst nighmare.

Thu, 12/08/2011 - 17:25 | 1960690 Silver Pullet
Silver Pullet's picture

3) If TPTB ever lose money, they just print it to make up for the loss and pass it on to the taxpayers.

Thu, 12/08/2011 - 17:57 | 1960849 LawsofPhysics
LawsofPhysics's picture

Only as long as what they print is accepted.

Thu, 12/08/2011 - 13:45 | 1959404 TruthInSunshine
TruthInSunshine's picture

The BBC aired a special today whereby they interviewed people in the Netherlands who want to go back to the guilder and leave the EU, and the far right party there, which used to be non-relevant, now has the 2nd most seats in parliament and is positioned to upset the majority party soon.

The main reason?  The cost of living/inflation.

Let them print euros to infinity and beyond, which is the ONLY way to save anything remotely approximating what is now the European Union, as holders of sovereign debt get paid back with used toilet paper, and as inflation absolutely enrages people in Europe who tend to be much less even tempered than the Dutch, and watch what happens.

Anyone who actually believes that the European Union can be saved at this point is beyond delusional. If it's "saved," the "save" won't last very last.

Thu, 12/08/2011 - 13:57 | 1959476 Uber Vandal
Uber Vandal's picture

Funny thing about that, is I have a few friends in the Netherlands, and when they went from the Guilder to the Euro, the money that they had in the bank became less, but the price of EVERYTHING became more.

But, precious metals are in a bubble you know.

Thu, 12/08/2011 - 18:22 | 1960921 Old Poor Richard
Old Poor Richard's picture

Deflation of the value of everything you have.  Inflation of the price of everything you need.  It is the way of the banksters.  It is the way of the fiat currency.  It is the way of the Dark Side.

Argentina saw the same thing.  Greece will see the same thing if they withdraw from the Euro. 

A country could conceivably do the right thing, pull out of the Euro and adopt a gold-backed currency.  It would guarantee they could never try to print theirselves out of a hole.

I'm wondering when China is going to announce willingness to buy oil with gold-backed currency.  Or Chavez is going to announce unwillingness to sell oil for anything but gold-backed currency.  (The latter would be a good one; see how fast the U.S. bombs his sorry ass if he tries it, in the name of "anti-terrorism.")

Ob original article: Pretty hilarious the financial press openly reported manipulation by the banksters, it's supposed to be a secret (lolz).  We'll see how many hours this latest smack down lasts. 

Thu, 12/08/2011 - 13:38 | 1959340 StrangerThanFiction
StrangerThanFiction's picture

I'll take some silver. It's on sale!

Thu, 12/08/2011 - 13:40 | 1959376 hugovanderbubble
hugovanderbubble's picture

Im strong silver long player, but in the short term , with all my respects i think we gonna test 27-28 USD, because EURUSD gonna drop below 1.31x

Thu, 12/08/2011 - 13:49 | 1959437 Nate H
Nate H's picture

I agree. And if euro goes to 1.25 silver goes to ~$25. but if euro goes to 1.20, then silver goes the other direction....;-)

Thu, 12/08/2011 - 13:57 | 1959475 StrangerThanFiction
StrangerThanFiction's picture

I agree it may go down even more, but knows for sure.

Thu, 12/08/2011 - 14:15 | 1959574 tekhneek
tekhneek's picture

I dumped the last of my dry powder back when it tested 30 or so. I did 50/50 and got in at $35 then again at $30.

I'm stacking paper til the next huge dip. I know there's going to be a few more and at least one major one. That's when I'm going to cash in the rest of my dry powder. I'm thinking sub-$20 range. If it never comes back at least the bulk of my position is physical. I have a small % in cash but now I'm just stacking paper and waiting for the fuck faces short it into oblivion for me.

$2 in silver for every $1 in gold baby.

Thu, 12/08/2011 - 13:39 | 1959365 hugovanderbubble
hugovanderbubble's picture

I honestly think all its EUR/USD driven...

If they has been sellers its because they "expect" a big drop in the EURUSD for next months..reason..of course France downgraded to AA from AAA:¡

Thu, 12/08/2011 - 13:45 | 1959408 Fluffybunny
Fluffybunny's picture

Gold dropped priced in EUR too.

Thu, 12/08/2011 - 13:40 | 1959370 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Other Central Banks....Korea...India...etc

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