UntitledGold was smashed once again by the Comex bank cartel Tuesday morning as 45 tonnes of paper gold were dumped on the COMEX in 2 minutes.  
Once again Doug Casey looks like an idiot with his arrogant and presumptuous insistence that the gold market is not manipulated.
It would take an absolute idiot to not see manipulation here, especially given that there not any news or event triggers when gold was flash-crashed AND none of the other related securities markets (stocks, dollar, bonds, commodities) behaved with any degree of volatility when gold was hit: 


Submitted by PM Fund Manager Dave Kranzler, Investment Research Dynamics

BRICS establish $100 bn bank and currency reserves to cut out Western dominance:

The big launch of the BRICS bank is seen as a first step to break the dominance of the US dollar in global trade, as well as dollar-backed institutions such as the International Monetary Fund (IMF) and the World Bank, both US-based institutions BRICS countries have little influence within.

Here’s the link to the article (note:  Bloomberg is misreporting this story – surprise surprise – as being a $50 billion agreement):   LINK.

I’ve been saying for quite some time that Jim Rickards was wrong in his persistent and presumptuous insistence that the next reserve currency would be the dollar-dominated IMF SDR…

…Gold was smashed once again by the Comex bank cartel.  Once again Doug Casey looks like an idiot with his arrogant and presumptuous insistence that the gold market is not manipulated.   It would take an absolute idiot to not see manipulation here, especially given that there not any news or event triggers when gold was flash-crashed AND none of the other related securities markets (stocks, dollar, bonds, commodities) behaved with any degree of volatility when gold was hit (click on graph to enlarge):

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Believe it or not, I don’t just publish reports which present the bullish side of junior mining stocks.  I was writing a report on Minco Silver and thought it looked interesting on the surface.  But when the Company refused to take my calls or even return my voicemails to let me know when they could chat, I took a deeper look at the issues I wanted to have them clarify.   Conclusion:   red flags everywhere.

Seeking Alpha, unsolicited, published my article in its PRO section, which gives higher paying subscribers to Seeking Alpha a first crack (I did not solicit a PRO designation for the article).

You can read my analysis and why I recommend avoiding Minco Silver (and Minco Gold) here:   Minco Silver Doesn’t Pass The Smell Test

I may be wrong, but the risk that I’m not wrong will help anyone avoid the pain of my being right.  There’s too many other good ideas out there, like the ones I have posted here: Junior Mining Stock Research.


  1. I like to know who has the balls to go after JPMORGAN and file whatever paperwork is needed to be filed so there name is viral all over the WORLD of there dirty scam to take all our money Naked Shorting and a list of much , much more ???

    • I dont think that would gain much traction since the DOJ has had their way with Dimon’s little Idaho.   $20 billion was enough of a tithe to TPTB that we the people would get dick if we tried
      Willie opines that Dimon’s phony throat cancer is just a ruse for him to get some phony rad and chemo treatment in a hospital in a country with no extradiction treaty
      I tend to believe what Dimon says. He can’t be killed like the lower level banker munchkins but he is one of the top 10bankers in the universe who an say with certainty that the SHTF and probably soon.  When the biggest rats flee the game is soon up.  I await Lloyd Blanfein to come up with some exotic disease pretty soon along with the head sheds of B of A, D Bank, Morgue and Stanley and others.

    • @AGXIIK
       
      Perhaps they will do a “Ken Lay” job for Dimon.  This is where the fellow supposedly dies (after an injection of a coma-inducing agent), is given no autopsy, and is then cremated within an hour or so of the “death” certificate being signed by a guy who will soon die as well.  There.  All gone.  Nice and tidy.  Meanwhile, the miserable SOB is revived and whisked out of country in the dead of night via a military flight to some South American country, where he can live out his days in splendor.  Some poor homeless guy about his same size goes to the crematorium and that guy’s dental records are switched for Dimon’s.  Yep, the dental records match.  We have confirmation that Jamie is dead.  End of story.  Sort of…
       

    • If there were a such a thing as naked shorting in the commodities market maybe it would make sense to file whatever paper work your talking about. 

  2. “Once again Doug Casey looks like an idiot”
     
    He has no credibility – He has proven to be a tool & can no longer be trusted or taken seriously 
     
    When I see an article  by him – quote by him – interview of him I pass it by
     
     

    • I do too. Doug Casey has NEVER passed the smell test.
      He isn’t a huckster like Max Kaiser, but Casey clearly likes his own farts….

    • In my opinion, 95 to 99% of the commentariat are either goofballs or shills because they all treat fake ‘money’ as something to be eternally presumed viable … despite the crystal clear, mathematical certainty that it’s doomed to destroy itself. The ‘blind leading the blind, over the proverbial cliff.

    • @Pat.  I agree the paper money is fake and will destroy itself. Therefore, any discussion of the “price of silver” in $$ is merely a pastime.

  3. I find peace in knowing that the relatively small amount of metals manipulation is far, far less than the manipulation of the general public.
     
    When the SHTF, there will be a mass eye opening of such magnitude that you will be able to hear the lids flapping in the breeze and will feel the spray from the dropped jaws. All those who poo-pooed the nutcase preppers will be awfully friendly and open minded all of a sudden. I still won’t turn them away likely, even though they turned me away when I tried to help them before the fact……….we’ll see, that’s for sure!
    Have you opened your eyes today?

  4. Waterfall……? This is nary a bubbling brook.
    Relax.
    For those that rode Gold from 900 all the way to 1900, then back down to 1180, so what of it?
    Some here need a Snickers…..get some nuts.
    Cost average, dump fiat.

  5. funny that Kransler mentioned Casey.  I just cancelled my subscription to his tout and shout, pump and dump news letter
    I’d say he’s more than an idiot. He’s a fatuous gasbag.  It takes one to know one.  
    Kranzler, Holter, PCR and Stockman can be relied on to give some good intel.  Rickards—not so much
    That $100billion for the BRICS bank is a doozie.  Where can I get an account? It won’t be long before they have a retail outlet nearby.  Even though it’s another paper currency paradigm it might have enough precious metals to back it up

    • Aside from the brain dead Doug Casey, we could always listen to SD’s own kintama, mikeyj and jiggy to really find out whats really going in the PM markets. According to them, nothing illegal or nefarious is going on. It’s a free market.
       
       

    • And when this happens with unabashed naked buying of the market all is fine?  There were more instances of that in june than there were selling moments (not that I am complaining).  Only an idiot would look at one piece and interpret manipulation.  
       
       

  6. there are a lot of idiots out there who don’t see the dollar collapse coming either. i heard something about how the dollar collapse might come sooner than expected. i’m just hoping i have prepared enough when it does finally happen.

    • The dollar collapse looks a lot like a black swan event.  If it is, then it is utterly unpredictable… and devastating in consequence.
       
      As to whether or not we are fully prepped for it when it happens, well, probably not.  But ANY prepping will be better than none, so we all need to do the best we can with it and then have some faith that it will be enough.
       

  7. Surely the way to beat the manipulation of the gold price via paper transactions, is to demand physical deliveries.
    The law of supply & demand will take over & the price would have to rise.
    The buyers should not accept paper.

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