Goldmanite Mario Draghi has just issued Cyprus an ultimatum that the nation’s gold reserves must be liquidated to satiate the Vampire Squid…er…the ECB for Cyprus’ bailout. In response, Cyprus’ Central Bank President Panicos Demetriades just stated:
Peter Schiff was back on CNBC Wednesday, and discussed gold’s latest raid, and The Vampire Squid’s latest Muppet call for a major decline in gold. [Read more...]
One would think that TBTF bank CEO’s would have learned from Lloyd Blankfein’s epic blunder when he stated that Goldman Sachs was doing God’s work in an interview- inciting a firestorm of negative publicity for the bank…
One would think.
It appears that Bank of America CEO Brian Moynihan must have missed the memo.
In an interview with Charlie Rose airing last night, Moynihan made the Blankfein mistake. [Read more...]
The Golden Jackass Jim Willie sat down with The Doc this weekend for an extraordinary interview regarding gold, silver, and what Willie believes will soon be a massive European banking collapse.
Willie states that a Big European Bust is Coming- evidenced by the fact that European banks received $1.2 trillion from the NY Fed in January alone!
Willie states that the coming European bust will ignite a global Gold rush, a massive short covering rally, and will result in a powerful 30% to 50% rise in the gold price!
Willie also discusses gold and silver backwardation, the recent paper raids, and whether or not the metals face the risk of a 2008 type collapse as the Western financial markets go down in flames!
Jim Willie’s first of an explosive, 2-part interview with The Doc is below: [Read more...]
Submitted by Bill Holter
When this thing finally blows, Gold and Silver will become more scarce and prices will move in multiples of what we’ve recently seen in the arms market. “Paper” money will come out of the woodwork looking for a place to hide and “real money” will be so far into hiding that you’ll see NONE on the street. Now that’s what “supply and demand” is all about in a real world!
CNBC Original takes a revealing look at Wall Street’s most powerful and profitable bank fighting to restore its reputation through a one-hour documentary reported by CNBC is David Faber.
CNBC takes viewers inside the firm is tightly knit corporate culture of extraordinarily driven professionals to help explain both its success and the reasons why it is come under such widespread criticism. The program looks at how Goldman Sachs’ aggressive trading culture has come under scrutiny both in Washington, D.C. and on Main Street, amid accusations that the investment bank misled investors. Faber reveals how Goldman Sachs benefited from controversial deals before, during and after the global economic crisis. The one-hour documentary also considers Goldman Sachs’ unparalleled presence in Washington. Numerous executives from Henry Paulson to Robert Rubin and Jon Corzine have left Goldman Sachs over the years to take on influential roles in government. Faber speaks to critics who question whether the firm’s presence in Washington gave it an unfair advantage in surviving the global financial crisis.
Full Vampire Squid documentary is below: [Read more...]
Legendary gold trader Jim Sinclair, who called the top of the last bull market in gold to the day, liquidating his entire personal gold position overnight the day gold topped, has come out and officially stated that gold will make a significant long term bottom in the next month.
Specifically, Sinclair states that gold will place a bottom between today, 2/28, and 3/27, and that Thereafter gold is released to the upside which will be a minimum of $3500.
Considering Sinclair predicted gold would trade at $1650 in 2011 (which it did) when gold was trading in the upper $200′s back in 2001, we would suggest paying attention to Sinclair’s latest major gold call.
You can bank on the fact that the Morgans and Goldmans sure are.
Sinclair’s call for a major bottom in gold is below:
In the midst of gold and silver’s relentless attacks last week by the cartel, we wrote that investors should be prepared for a potential bottom in gold and silver on or around Monday 2/25, options expiration in both gold and silver.
Goldman seems to have validated that call this morning, as only one day after March options expiration, the Vampire Squid has advised clients to sell gold, slashed its 2013-2014 outlook for gold to $1450/oz, and called for an end to the gold bull market. [Read more...]
Jim Sinclair has sent email subscribers another alert Sunday night regarding the latest take-down of gold.
Sinclair again re-iterates that the bullion banks will be the entity that makes the greatest gains in the current precious metals bull market.
Those who think the Goldmans or Morgans are stupid and clumsy are the ones demonstrating those traits. I see and know the same things these greatest of all time manipulators of price see and know. This is 1979 in the gold market right before the greatest price appreciation took place over the shortest period of time then. The most money over the shortest period of time in the gold bull market of the 70s was not made by the gold crowd but rather by the mega powers of Establishment Wall Street after doing the same things they are now doing.
Sinclair concludes by stating that in years to come his missives on gold will be dismissed based on his prediction for $3,500 gold, and the $3,500 number will be looked back upon as just the start of gold’s move.
Sinclair’s full email alert is below:
[Read more...]
God’s workers at the Vampire Squid endured a PR nightmare last year after a former director wrote an op-ed in the NYT claiming that Goldman routinely traded against their own clients, and referred to their clients internally as muppets.
While Muppet-Gate has passed for Goldman, it appears that the business of intentionally fleecing clients continues as usual, as Goldman issued its clients Monday a recommendation to sell positions in Heinz (HNZ) on risk of continued top line disappointment, which today (only 3 days later) was acquired by Warren Buffett’s Berkshire at a 20% premium to the last share price.
God’s worker indeed. [Read more...]
CFTC Commissioner Jill Sommers, who is famous for voting in favor of TBTF bankers interests nearly 100% of the time has just announced her resignation from the CFTC.
In other news, The Vampire Squid and The Morgue are duking it out vying for an alumni to replace Sommers.
Full statement below: [Read more...]
The legendary Jim Sinclair, who yesterday advised readers that the current take down in the metals market is The Great Train Robbery, in which the Goldmans of the world are going massively long in gold, has sent an email alert to subscribers advising that the post QE4 gold and silver take-down is a move of desperation by the Fed via the gold banks based on the false premise that attacking symptoms without meaningful economic intervention is going to cure the problem.
Sinclair states that using charts or technical analysis in such a manipulated and manufactured market is totally useless, but that gold is going to $3,500 and above, and the dollar to .72 and below, as soon as the Fed’s take-down is completed and the Goldman boys have adequately stuffed their pockets with gold.
Full MUST READ alert below: [Read more...]
The legendary Jim Sinclair (who called the current bull market before anyone over a decade ago) has long maintained that the bullion banks would make the lions share of the profits in this massive secular bull market, not the average gold investor.
Sinclair has sent an alert to metals investors today, advising that the current massive take-down in the metals is the end-game, and the Great Train robbery is in progress in which the Goldmans of the world will go massively long in gold.
Sinclair states that as soon as the bullion banks have grabbed every last available ounce of gold they can lay their hands on, gold will EXPLODE to $3,500.
MUST READ! [Read more...]
By SD Contributor Rob Kirby:
When sovereign gold is lent / leased – this is done through A BULLION BANK [like Goldman Sachs] whereby, physical bullion is sold into the market to raise cash balances which are then reinvested.
LTCM inadvertently collapsed when they took a highly leveraged position in sovereign Russian bonds and Russia defaulted. If a public ‘work-out’ of LTCM would have ensued – the true state of sovereign Italian finances, as well as the criminal actions of Goldman ‘Hannibal Lecter’ Sachs would have been on public display for the whole world to see – and the Euro would very likely have been still-borne.
For his part in this CRIMINAL FIASCO – Super Mario Draghi was rewarded by being made Vice Chairman of Goldman Sachs International in 2002 and later, in 2011 was appointed president of the European Central Bank [ECB] which on December 13, 2012, was granted exclusive regulatory power over ALL EUROPEAN BANKS: [Read more...]
The legendary Jim Sinclair has responded to distraught gold and silver investors over today’s massive cartel take-down of gold and silver.
Sinclair states that today’s price action reeks of capitulation everywhere, and that This event has been a manufactured market move since $1800, with clearly planned and executed intervention. The gold price take downs during low volume periods internationally is a known price moving only tactic.
Sinclair reminds readers that the hardest part of enduring a bull market is to be right and sit tight, and that the cartel’s manipulation will not change the overall trend: A manufactured market event will not change the trend. Even the most professional can be reduced to sheeple by their emotions.
Sinclair’s full alert below: [Read more...]
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