MNI Reports Coordinated Central Bank Intervention Sends Gold Lower Intraday

Tyler Durden's picture

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.


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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BaBaBouy's picture

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


Butt remember, they play only with PAPER Gold.

Pladizow's picture

GATA Bitchez!

China says thank you velly velly much!

trav7777's picture

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

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. 

Hard1's picture

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

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. 

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.

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.

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? 

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?

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. 

grekko's picture

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

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!

RiverRoad's picture

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

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? 

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.

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...

4horse's picture


which is how they make a living, with their mouths



                          they ain't sold no gold

mirac's picture

Way too many F's...

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              

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...

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.

lemonobrien's picture

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

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.

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.

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.

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.

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?

midtowng's picture

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

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.

earleflorida's picture

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

HedgeAccordingly's picture

id rather buy dollar and sit.. and wait.. ES on a ledge

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.

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.

LawsofPhysics's picture

Only as long as what they print is accepted.

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.

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.

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. 

StrangerThanFiction's picture

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

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

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....;-)

StrangerThanFiction's picture

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

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.

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:¡

Fluffybunny's picture

Gold dropped priced in EUR too.

Mr Lennon Hendrix's picture

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