Bitcoin and Crypto Prices Being Manipulated Like Precious Metals?

Bitcoin and Crypto Prices Being Manipulated Like Precious Metals? - FSN Interview GoldCore


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Kerry Lutz of the Financial Survival Network (FSN) interviewed GoldCore's Mark O'Byrne about the outlook for crypto currencies, financial markets and precious metals.

- Are bitcoin and crypto prices being manipulated like precious metals?
- Is there a coordinated backlash against bitcoin from JPM and powerful interests?
- 95% of cryptocurrencies and ICOs will likely go to zero
- Good cryptos will thrive, most will disappear in "massive creative destruction"
- Ponzi like nature of financial markets and fiat monetary system
- Fundamentals do not justify the massive gains in US stocks in recent years (near parabolic rise of over 300% in the S&P 500 since 2009)
- Is Plunge Protection Team (PPT) active in supporting markets?
- Retail investors including millennials piling into markets near top
- Smart money is reducing allocations to stocks and bonds; diversifying into gold
- Bitcoin is just nine years old and not proven store of value
- Gold proven store of value as seen in data, history and experience
- Gold backed crypto, crypto bullion, "digital gold" and "gold on the blockchain" has huge potential
- Perth Mint, Royal Mint, Royal Canadian Mint, LBMA and many others looking at blockchain
- Important blockchain solutions have full backing, transparency, security, stop the fraud and have customers interest at heart
- Important to own hard assets including physical gold and silver outside our digital financial and banking systems

Listen/ Watch To FSN GoldCore Interview On YouTube Here

 

 

News and Commentary

Gold edges up as dollar eases; eyes on US inflation data (Reuters.com)

Asia Stocks Rise With S&P Futures; Dollar Declines (Bloomberg.com)

Holiday drives up Chinese gold demand (GlobalTimes.cn)

Gold prices remain up on sustained jewellers’ buying in India (Livemint.com)

Bitcoin Finds a Bottom as Risk Aversion Grips Global Markets (Bloomberg.com)

Moody's Threatens US Downgrade Due To Soaring Debt, "Fiscal Deterioration" (ZeroHedge.com)


Source: Goldchartsrus via Goldseek

Eight signals to watch that the U.S. stock rout is over (Reuters.com)

What America’s Super Bowl says about Asia’s stocks (StansBerryChurcHouse.com)

Where Will The U.S. Get the Cash? - Mauldin (GoldSeek.com)

Except For Gold...The Big 6 Commodities Were Closed Lower Again - Ed Steer (GoldSeek.com)

Granddaddy of all Bubbles Has Been Pierced - Doug Noland (CreditBubbleBulletin.blogspot.ie)

How China Is About to Shake Up the Oil Futures Market (Bloomberg.com)

Gold Prices (LBMA AM)

12 Feb: USD 1,321.70, GBP 955.19 & EUR 1,077.45 per ounce
09 Feb: USD 1,316.05, GBP 945.58 & EUR 1,072.84 per ounce
08 Feb: USD 1,311.05, GBP 944.87 & EUR 1,071.13 per ounce
07 Feb: USD 1,328.50, GBP 956.12 & EUR 1,075.95 per ounce
06 Feb: USD 1,344.65, GBP 962.50 & EUR 1,083.52 per ounce
05 Feb: USD 1,337.10, GBP 947.20 & EUR 1,072.49 per ounce

Silver Prices (LBMA)

12 Feb: USD 16.43, GBP 11.86 & EUR 13.39 per ounce
09 Feb: USD 16.36, GBP 11.83 & EUR 13.37 per ounce
08 Feb: USD 16.35, GBP 11.70 & EUR 13.36 per ounce
07 Feb: USD 16.69, GBP 12.02 & EUR 13.52 per ounce
06 Feb: USD 16.81, GBP 12.07 & EUR 13.59 per ounce
05 Feb: USD 16.88, GBP 12.01 & EUR 13.56 per ounce


Recent Market Updates

- “This Is Where They Completely Lost Their Minds” – Hussman
- Brexit Risks Increase – London Property Market and Pound Vulnerable
- Peak Gold: Global Gold Supply Flat In 2017 As China Output Falls By 9%
- Crypto Currency Backlash Sees Flight From Cryptos and Bitcoin
- Gold Rises As Global Stocks Plunge and Bitcoin Crashes 70%
- Shrinkflation Intensifies – Stealth Inflation As Thousands of Food Products Shrink In Size, Not Price
- U.S. Debt Is “Extraordinarily High” and Are Stock And Bond Bubbles – Greenspan
- Gold Bullion Price Suppression To End? Bullion Bank Traders Arrested For Manipulating Market
- ATMs Hit By Malware “Jackpotting” Attacks That Dispense All Cash In Minutes
- London Property Market Tumbles As Glut of Luxury Apartments Grows To 3,000
- Silver Bullion: Once and Future Money
- Greatest Stock Bubble In History? GoldNomics Podcast Transcript
- Davos – My Personal Experience of the $100,000 Event, $60 Burgers, Massive Inequality and the Blockchain Revolution

 

Comments

VisceralFat1 Mon, 02/12/2018 - 11:20 Permalink

if i could print money and buy all the shit i wanted without having to work a single day of my life... 

....

i would manipulate the fuck out of everything!!!!!!!!!!!!!!!!!

Scrot Mon, 02/12/2018 - 11:22 Permalink

Translation: The only reason gold is not a gazillion dollars per ounce is because of the shadowy figures (probably Jews) "manipulating" the price. But Gold really is the sh*t so we're going to keep hawking it like a carnival barker till the end of time.

Dr. Bonzo Mon, 02/12/2018 - 14:12 Permalink

Hahahaha... the gold bugs seem T'd off the crapto currencies basically did what PMs were supposed to do in the flash of an eye.

Don't worry gold critters... we're with you on this one. From a distance.

Grandad Grumps Mon, 02/12/2018 - 14:20 Permalink

The short answer: This is a real stupid question!

Precious metals, cost to mine and refine - pretty high, depending on the metal
Crypto, cost to produce - ZERO

Precious metals, inherent value - They all have industrial uses
Crypto, inherent value - ZERO

The cryptos are all Ponzi schemes created on the IPO model where the creators and co-conspirators are given large amounts of free shares/coins that they can sell unrestrictedly. A smaller amount is made available publicly, looking for fools.

the cork Mon, 02/12/2018 - 16:28 Permalink

Told you that is EXACTLY what would happen a long time ago, and again most recently

when the banks were allowed to start a crypto futures market.

 

The banks are as crooked as a dogs hind leg and taint any and everything they touch.

 

Why the big surprise?

Greendawg Mon, 02/12/2018 - 17:08 Permalink

They fully controlled and manipulated the price on the way up so it only seems fitting that the same group could beat the price down at will once they have fleeced enough retards into it.  

wattie Mon, 02/12/2018 - 19:19 Permalink

More arrests recently, farcical fines.

No Investors compensated for banker indiscretions!!

Join the Global Class action fightback against gold/silver manipulation!

Investors from 18 countries around the world have signed up so far...will you?

Together we can end this.

http://www.leonkaye.co.uk/class-actions/possible-manipulation-gold-silver-prices-1999-onward-proposed-class-action/

www.goldclassaction.com

www.silverclassaction.com

 

 

MrBoompi Mon, 02/12/2018 - 21:30 Permalink

Bitcoin is exactly the opposite of a gold standard so I can't see why any central banker would be against it.  What asset backs bitcoin?  Electricity?