Rob Kirby Takes The Gloves Off On Silver Manipulation: JPMorgan IS the Gov’t!

May 22, 2013 By 15 Comments

ESFRob Kirby and Andy Hoffman join Elijah Johnson for a MUST LISTEN interview on Sunday’s silver smash, which saw 10% shaved off the silver futures price in only 4 minutes in a massive waterfall raid taking the metal to $20.30. 
Kirby had this to say about the raid:

The take-down in precious metals is a contrivance, and it reeks and absolutely stinks of desperation on the part of the protectors of the world’s reserve currency, and that would be the US Treasury in cahoots with the Federal Reserve.
I want to take the gloves off here.  Let’s just get this right up on the table.  JP Morgan’s positions aren’t JP Morgan’s positions.
JP Morgan’s positions are the positions of the exchange stabilization fund, which is a branch of the US Treasury.  When the US Treasury intervenes in the markets, they do so through the trading desk of the NY Fed, and their positions are executed by the NY Fed, who farm the trades out to the big derivatives banks.  In that context, JP Morgan is the Federal Reserve.  They are one and the same!

Rob Kirby along with Andy Hoffman’s MUST LISTEN interview on silver manipulation is below: [Read more...]

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Motive, Means, & Opportunity in the Gold Market

May 21, 2013 By 6 Comments

The various governments of the world and their central banks produce and distribute a product – paper currencies. Those currencies are backed by confidence, faith, and credit, but not by gold, oil, or anything real. Those currencies are digitally printed to excess, since almost all governments spend more than their revenues. The UK, Japan, and the USA are prime examples.
Central banks and governments have, to one degree or another, the motive, means, and opportunity to manage the price of gold. Clearly, their bias is to hold the price of gold low and to restrict its upward movement. Similarly, they want bond and stock markets to move higher, but that is another story.

YOU have motive, means, and opportunity to protect yourself and to profit from this process. [Read more...]

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Bill Murphy on Latest Metals Raid: There’s NO RULE OF LAW in US Financial Markets!

May 16, 2013 By 20 Comments

Bill MurphyGATA’s Bill Murphy was interviewed by Finance and Liberty for his thoughts on the latest smash in gold and silver, taking the metals back under $1400 and $23.
Murphy stated: We’ve been having waterfall attacks every other day for the past 2 weeks. It’s clearly the gold cartel, why no one else talks about this is beyond my comprehension! Plan A (for a metals smash) is around 3am NY time when London traders report for work, and Plan B after the London fix, they hit it when the COMEX opens with thousands of contracts in seconds.  Sentiment, retail sales, absolutely nothing matters to this market except bullion banks discharging their bazookas!
On how far gold & silver could fall if $1300 & $22 give way: There’s no telling. This is like the German’s invading Russia in WWII.  They kept going & going, but they overextended themselves, and had to fall-back.  This was orchestrated in the beginning of October, & I’ve never seen anything like it.

Murphy’s full thoughts on the latest gold & silver take-down are below: [Read more...]

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Indisputable Proof Paper Gold Markets are Massively Manipulated

May 14, 2013 By 19 Comments

Jamie DimonWhat would you think if someone told you the following?
“Three times this week, I am going to tell you the low price of gold with near perfect accuracy, and one of those three times, I am going to tell you events that will precede the low and the exact time that gold prices will crash.”

You would likely conclude that either:
(1) I am somehow directly involved in setting the price of gold in paper derivative markets, or
(2) that since nearly perfectly predicting gold price movements three times in one week in a free market is impossible, that such an accomplishment would serve as indisputable proof that gold markets are rigged and manipulated by bankers, as none of my predicted price targets depended upon technical chart analysis of any kind.
So let’s summarize my calls regarding gold price movements on three separate occasions last week, and why I feel that the accuracy of these calls serve as indisputable proof that Central Bankers and their agent bullion banks manipulate the price of gold and silver. [Read more...]

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Are We On The Verge Of Witnessing The Death Of The Paper Gold Scam?

May 9, 2013 By 35 Comments

The legal claims on physical gold far exceed the amount of physical gold that the banks actually have by a very, very wide margin. And right now the bankers are scared out of their wits because their warehouses are being drained of physical gold at a frightening rate. So what happens when their physical gold is gone but they still have lots and lots of people with legal claims to gold? When that moment arrives, it will represent the end of the paper gold scam. Many believe that the recent takedown of the price of paper gold was a desperate attempt by the bankers to put off that day of reckoning, but it appears to have greatly backfired on them. Instead of cooling off demand for precious metals, it has unleashed a massive “gold rush” all over the globe. Meanwhile, word has been spreading among wealthy families in both North America and Europe that they had better grab their physical gold out of the banks while they still can. This is creating havoc in the financial community, and at least one major international bank has already declared that it will only be settling those accounts in cash from now on. The paper gold scam is starting to unravel, and by the time this is all over it is going to be a complete and total nightmare for global financial markets. [Read more...]

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Bart Chilton Says CFTC Needs to Look into Bitcoin- While Latest Silver Manipulation is Ignored!

May 8, 2013 By 37 Comments

How does Bart Chilton and the rest of the regulatory crew explain the 2013 instant replay of 2008?  Price gets crashed from “sellers” yet what supposedly was sold can only be bought at a 30% premium…IF you can find it at all?  We are still waiting…and now “Bitcoin” is on the front burner I’m sure that Silver (and Gold) will not be addressed until AFTER exchange defaults occur.  For that matter, they won’t be reported on after the fact either because we will then have bigger, MUCH BIGGER problems facing us…like where the next meal will come from. [Read more...]

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Feds Investigating Blythe Masters Over Energy Market Manipulation, Obstruction of Justice, Perjury

May 2, 2013 By 30 Comments

JP Morgan Dimon MastersThe NYTimes Dealbook reports tonight that the Federal Energy Regulatory Commission (FERC) intends to take action against JP Morgan and Blythe Masters over manipulative trading schemes in the Michigan and California energy markets.

FERC’s 70 page filing reportedly singles out JPM Head of Commodities Blythe Masters for her role in the scheme, and alleges that Blythe personally participated in JPMorgan’s efforts to block the state authorities from understanding the reasons behind JPMorgan’s bidding schemes, and that Blythe made scores of false and misleading statements and material omissions to authorities and that enforcement officials plan to recommend Masters be held “individually liable.”

Surely Blythe will quickly be exonerated for the fact that JPM’s alleged energy market manipulation was not a directional position, but was merely hedging on behalf of a client…
[Read more...]

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Gold And Silver – War (Unofficially) Declared on 12 April 2013

April 29, 2013 By 10 Comments

warWar [unofficially] declared on gold and silver!
The gloves are off, and central bankers are on a full frontal assault against all [paper] holders of gold and silver.  Ironically, that very overt assault is the biggest clue of how fearful those in power really are.  Fear, a sign of weakness, and the New World Order does not want anyone snooping behind their curtain of Oz.

Those who understand the value of that barbaric relic are going to be the clear winners. Those who chose to hold paper were the biggest losers, stopped out, washed out by a tsunami  of no-margin-required-short-selling.  It was the JPMorgan version of, “I will huff, puff, and blow your paper house down.”  That scenario worked against all except those who built their financial “house” with physical silver and gold. It is essential for your financial survival to buy and hold physical gold and silver.  There is no law against it... for now.

[Read more...]

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Deepcaster: Profit, Protection, Despite Cartel Intervention – April 2013 Update

April 27, 2013 By 20 Comments

Submitted by Deepcaster:

“When the Fed’s fire hoses started spraying an elephant soup of liquidity injections in every direction and its balance sheet grew by $1.3 trillion in just thirteen weeks compared to $850 billion during its first ninety-four years, I became convinced that the Fed was flying by the seat of its pants, making it up as it went along. It was evident that its aim was to stop the hissy fit on Wall Street and that the threat of a Great Depression 2.0 was just a cover story for a panicked spree of money printing that exceeded any other episode in recorded human history….

“Because they stopped it in its tracks after the AIG bailout and then all the alphabet soup of different lines that the Fed threw out, and then the enactment of TARP, the last two investment banks standing were rescued, Goldman and Morgan [Stanley], and they should not have been. “Therefore, the idea that they were on death’s door does not stack up. Even if they had been, it would not make any difference to the health of the financial system. …“The banks quickly worked out their solvency issues because the Fed basically took it out of the hides of Main Street savers and depositors throughout America…. [Read more...]

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End Game: $800 SILVER & $8000 GOLD! – Bill Murphy & Don Harrold

April 26, 2013 By 32 Comments

8000Unconventional Finance has released a discussion on gold and silver between GATA’s Bill Murphy & analyst Don Harrold.
In the face of large corrections and terrible sentiment (albeit massive physical demand), upon achieving full-valuation at the completion of the major secular bull markets, will we be looking at a a 10/1 silver to gold ratio, and a massive $800 & $8,000/oz? [Read more...]

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Is the COT Data as Manipulated As Gold & Silver?

April 26, 2013 By 5 Comments

Jamie DimonThe Commitment of Traders data is published every Friday. It lists the reportable positions of the commercial and non-commercial traders for silver contracts on the COMEX.

  • The data is manipulated. The same people who brought us LIBOR, flash crashes, high frequency trading, and the most recent gold and silver crash are the people who report the data.
  • Experienced traders like Jim Sinclair understand the inner workings of this data far better than I, and it is my impression that he is skeptical of the value of the COT data.
  • The data is subject to revision, errors, and occasional changes in definitions.
  • Not everyone in the world is honest in their reporting (really?), and the regulation and enforcement might be a bit lax (really?). [Read more...]
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Bill Murphy: The Gold Meltdown

April 24, 2013 By 6 Comments

GATA’s Bill Murphy joins AltInvestors to discuss the latest gold take-down, which Murphy describes as the largest manipulative take-down of gold that he has ever seen.
Murphy’s thoughts on gold are below: [Read more...]

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Are JPM’s Alleged Silver Shorts Already in the Money?

April 23, 2013 By 48 Comments

JPMBy Eric Dubin

Given that options expiration comes to COMEX April 25th, today’s China disappointment would have been the perfect news event for the cartel to piggy-back on and smash gold and silver further.  The fact that silver is only down a few tens of cents and recovering actually offers more support to my theory that JPM really doesn’t have a need to push silver under $22.  Their entire short book should have an average basis comfortably above $22.
JPM should be in the money.  [Read more...]

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CBC Documentary to Break JPM Whistle-Blower Testimony on Gold & Silver Manipulation!

April 18, 2013 By 84 Comments

gold manipulation

*Update: Whistle-blower testimony completely removed from the final cut…while Jeffrey Christian insisting Fort Knox contains all the gold advertised is included. 
Guess we’ll have to do this the hard way and drain every last physical ounce…

The CFTC is sitting on information that implicates JPMorgan as manipulating the futures market in Silver and Gold.  The reason this is so damning is that the CFTC has evidence that incriminates JPM as having malicious short positions designed to influence the price action of Silver and Gold towards JPM’s favor; akin to the LIBOR scandal in which rates were manipulated down towards the banks favor.  -JPM Whistle-blower

The PM community has been waiting over a decade to see the gold and silver manipulation story go mainstream, as the LIBOR scandal did last summer.
As of 9pm EST tonight, the wait is over…
[Read more...]

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Jim Willie: Real Physical Price of Gold Soars to $2,000/oz As COMEX Burns!

April 16, 2013 By 47 Comments

In this MUST LISTEN interview, the Golden Jackass Jim Willie states that in the wake of the impending LBMA default that Andrew Maguire warned was in progress Monday, physical gold orders in size are being filled at the $2,000/oz price level, while the COMEX futures prices crashes and burns!

Is the long-awaited final disconnect between paper and physical gold and silver occurring before our eyes?  The fact that US wholesalers are SOLD OUT of physical silver as of Monday evening seems to substantiate this fact.
Jim Willie’s full report is below: [Read more...]

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