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Tag Archives: Gold market manipulation

An Historic “Hockey-Stick” Moment


HockeyStick4B

The original trend (green line) is fairly flat.  Something happens around A.D. 1971 to cause the second trend line (blue) to accelerate upwards.  That change in trend “velocity” marks the “Hockey-Stick Moment” where something unexpected and powerful suddenly took place.  In this example, President Nixon severed gold’s relationship to the dollar.

GATA love it

According to the “About” page at Gold Anti-Trust Action committee’s website (www.gata.org),

 

The Gold Anti-Trust Action Committee [GATA] was organized in the fall of 1998 to expose, oppose, and litigate against collusion to control the price and supply of gold and related financial instruments. The committee arose from essays by Bill Murphy, a financial commentator on the Internet (LeMetropoleCafe.com), and by Chris Powell, a newspaper editor in Connecticut.

 

Imagine that! GATA—and all that flows from it—started from just couple of “essays”.

As you’ll read, maybe the pen really is mightier than the sword.

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JPMorgan loses 44% of its Comex gold in 5 days


A couple of charts from Comex suggest that a “bank run” against JPMorgan’s gold inventory might be in progress.

 

•  The first chart reflects gold bullion inventories at Comex for Thursday, January 23rd, A.D. 2014:

 

Comex Gold Inventories  January 23rd, A.D. 2013

Comex Gold Inventories
January 23rd, A.D. 2014

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Political Investing?


Asset Classes:  Paper vs. Physical [courtesy Google Images]

Asset Classes: Paper vs. Physical
[courtesy Google Images]

Marc Lichtenfeld is the Director of Research for Access Research Group.  According to Investment U Daily,

 

Last year, Marc Lichtenfeld predicted a big year for healthcare stocks, especially for HCA Holdings, Health Management Associates and Omega Healthcare Investors.  A year later, those stocks have gone up as much as 55%, 79% and 54%.

“Marc also recommended two of the biggest performing stocks in the market this year: Celldex Therapeutics and NPS Pharmaceuticals were up 419% and 188% respectively.”

 

Clearly, Mr. Lictenfeld’s predictions were remarkable.

But, what was the basis for his predictions?  Did he intensely study the corporate structure and earnings capability for each of those corporations?

Or did Mr. Lictenfeld first study the political environment that was or would be prevalent in A.D. 2013?

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Desperate Times


Description: Newspaper clipping USA, Woodrow W...

Description: Newspaper clipping USA, Woodrow Wilson signs creation of the Federal Reserve. Source: Date: 24 December 1913 (Photo credit: Wikipedia)

Paul Craig Roberts was Assistant Secretary of the Treasury for Economic Policy and associate editor of the Wall Street Journal.  In one of his articles after the recent “April Plunge” in the price of gold, he wrote:

 

“I was the first to point out that the Federal Reserve was rigging all markets, not merely bond prices and interest rates, and that the Fed is rigging the bullion market in order to protect the US dollar’s exchange value, which is threatened by the Fed’s quantitative easing.”

It’s one thing for people like the Gold Anti-Trust Action Committee (GATA) to claim that the gold and silver markets are rigged. It’s another thing entirely to have a former Assistant Secretary of the Treasury to make similar claims.  Mr. Roberts’ credentials add much credence to the market rigging claims.

 

“With the Fed adding to the supply of dollars faster than the demand for dollars is increasing, the price or exchange value of the dollar is set up to fall.”

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