MNI Reports Coordinated Central Bank Intervention Sends Gold Lower Intraday
It is one thing for conspiracy websites to indicate that the Fed or the global central bank cartel are doing everything in their power to manipulate the price of gold lower. It is something different when the 'reputable', Deutsche Boerse owned Market News does just that.
- MARKET SOURCES REPORT BIS, BOE & FEDERAL RESERVE WERE SELLING GOLD AFTER IT POPPED TO SESSION HIGH AT GMT 1335 -MNI NEWS via BLOOMBERG
So much for all those sworn testimony claims that the central bankers do not manipulate the price of gold.
h/t GoldCore
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Who´s buying it?:)
I am, for one.
Fucking Manipulation... Thats about all they know how to do...
Butt remember, they play only with PAPER Gold.
GATA Bitchez!
China says thank you velly velly much!
keep buyin...I guess they can naked short it and end up printing cash to cover
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.
Great news!!, they are subsidizing our last chance to buy at these prices.
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.
The fact that central banks are selling gold openly now, smacks of desperation.
The time to prepare is running out. PMs are on sale.
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.
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?
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?
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.
I got gold and silver, (think I'll buy some more though) I just need more bullets.
The worst of the worst are all those smart ass technical analysts: analyzing and making charts of manipulated markets! The can stick their fibonaccis!
Right. "They" always drive down the price of whatever it is that "they" want to buy, so buy along with 'em.
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?
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.
I'll drink to that!
You do realize that if Ron Paul became President, they'd likely try to send him on a convertible ride in Dallas...
jawboning
which is how they make a living, with their mouths
they ain't sold no gold
Way too many F's...
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.
schopenhauer
a lifetime of lies: JFK. 9/11
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...
Timing a manipulated market? Thanks, but no thanks. I'll just buy and not worry about the gains I could have had.
love how your prices are hundreds of $ off. at least you're honest about being a troll.
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.
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.
SO.
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.
catch that falling knife if u can....not as easy as it sounds....if u think it is then you've never done it.
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.
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.
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?
Gold technicals show a huge compressing wedge. It's gotta break one way or another in the next couple weeks
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.
bis is not a paper tiger, but a well endowed golden eagle with stealthy talon's
id rather buy dollar and sit.. and wait.. ES on a ledge http://hedge.ly/vPBzqh
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.
3) If TPTB ever lose money, they just print it to make up for the loss and pass it on to the taxpayers.
Only as long as what they print is accepted.
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.
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.
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.
I'll take some silver. It's on sale!
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
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....;-)
I agree it may go down even more, but knows for sure.
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.
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:¡
Gold dropped priced in EUR too.
Other Central Banks....Korea...India...etc
I am.
There's one very simple rule I'm following: If someone has to sell, then I have to buy.
Could be that creditor nations demand discounted prices in part compensation for the worthless paper they're holding.
middle east peoples. i would say countries
but they are just for show and mind control.
so i hear.
We must be nearing the start of the massive upward repricing of gold/silver.
Make no mistake, we were conspiracy wierdos before it was cool.
Nothing to see here, they figured, "why not trade some useless barbarous relic for some real money?" They probably need it right around now.
Sellng paper gold? Deliverable in tungsten?
If you're lucky. At least you would have something physical.
More likely you just get a shrug from Corzine and Co.
Perhaps we should be charting the demand for tungsten versus the price moves of gold? ...might get a better sense of how bad the manipulation really is???
If you want to see how much they are manipulating gold just scroll back to yesterdays derivatives chart (not sure which post it was) and look at the totals for the gold derivatives. I think I recall it being around half a trillion or so with tens of billions being added every month. Rob Kirby did a decent explanation on how TPTB are using derivatives to contain prices of all commodities in order to mask the FRN printing and other assorted hijinks that our beloved gov't is doing on a daily basis. You might be able to find that article if you google him and scroll through his articles.
I suppose the theft from MF Global segregated accounts only bought them a months respite.
This is a Christmas gift for China, Russia, India and other buyers. Keep it doing stupid staff CB.
Really? Don't they have anything better to do? I want to be around when they have to buy back their shorts.
Is there a central banking skirmish going on with this news release ?
BS. The FED is selling gold?? At $42.XX per ounce?? I beleive they will lease to the bullion banks who then sell it, but this is somewhat shaddy.
You are correct. They lease gold, they do not sell it.
Its all unbacked (naked) short selling. Paper.
so. much. cheap. precious metals!
if only I had more fiat available right now!!
E-mail Jon Corzine perhaps he can lend you some fiat at low interest.
Corzine doesn't know where his beard is.
sure he does. it's where it's always been, bopping up against gary gensler's balls.
"so. much. cheap. precious metals! if only I had more fiat available right now!!"
Please at least respect the possibility that you might be saying that at significantly lower metals prices, with dollar much much stronger than today..
If the trade goes against them they'll just print more money to cover their losses...
oh I wish! imagine the parabolic whirlpool they'd find themselves caught in as they have to keep printing which in turns causes pm's to sky ever higher. print print print
Well... of course it's part of the tradition.
"Paper" assets (stocks, bonds) must be made to go up to "preserve confidence in the system". Physical PM's stand in the way of that. So they must be capped whenever possible.
So let them manipulate it all they want. It's just another buying opportunity for me. It should be obvious that their hyper-leveraged fiat Ponzi is in its final throes.
F**k you, Bernanke and your criminal associates.
Hey, these psychopaths want no competition. Will do whatever it takes to keep the bright light of day from impinging on their dark and dirty deeds. Others have other interests and are using these opportunies to off take what is really the only true money.
Well, even reputable and official news agencies can unfortunately have crackpot, conspiracist, doomer, libertarian interns in their ranks. It happens occasionally, and their contract usually ends as soon as their mental troubles are discovered.
Psychopathization of dissent
Tongue firmly planted in cheek as usual, eh Hamy?
recently Fed claimed (when interroageted by Ron Paul) they have no gold as such, only pure paper from Treasury. so what are they selling? papers backed by papers?
I may be wrong, but I recall from a Jim Rickards interview over at KWN, that they "lease" or "contract" the gold out to the market. The physical never leaves the vault. Eventually, when TSHTF, per the terms of the contract, they will just "take it back". The middle man will then also "take it back". And the buyer will have been "taken".
The gold is "lent", but its ownership is never changed.
This is why "us little people" should be buying coins, bars, and pimping up like Mr. T.
Fool!
Regards,
Cooter
It's a terminal cancer market that can last for weeks or years.
If you want to trade it, buy the gasp, sell the death rattle.
must... stay ..... below..... $1750.... !!!
This could indicate a big monetary injection in the works again. Gold always gets hit before hand.
Will be fucking funny when they either have to buy in the open market to honour the leases or watch the bullion banks cover like no tmr when it comes to deliver.
They have till Fed/Mar tho, so in the meantime all bets are off.
So let me get it straight. When central banks are selling gold it's 'maniupulation'. When they're buying gold it's 'diversifying their reserves'? That's ridiculous.
Depends upon the reasons for each.
WHY are they selling or buying!
Fed does not have physical gold - the Treasury does. Fed is selling paper contracts to be covered later. No physical will move.
In the case of purchases by other CBs, physical is actually acquired.
See the difference?
selling physical?
That's not manipulation, it's a market.