GATA Chairman: JPM Has RUN OUT of Physical Silver- Most Explosive Gains of Entire Bull Market Ahead!

Play

GATA Chairman Bill Murphy joins The Doc & Eric Dubin on this week’s show to discuss: 

  • Why Murphy believes JPMorgan accumulated vast stores of PHYSICAL SILVER into the 2011 top while shorting the paper market, and has used the physical stockpiles to smash silver lower over the past 3 years- resulting in a paper fortune for JPM, but that the market action over the past 2 months indicates JPM has RUN OUT OF PHYSICAL SILVER to manipulate prices down!
  • Gold & silver’s trading in the wake of the MH17 tragedy- Murphy explains why the cartel never allow the PMs to hold their gains from an international crisis
  • Big money responds to early week take-down of gold & silver with massive physical buying- signs we may be in the early stages of a massive sustained run for the metals
  • The GATA Chairman provides his current outlook for gold & silver, and states that the next rally will see the most volatile and explosive moves to the upside for gold & silver of the entire bull market!

The SD Weekly Metals & Markets With The Doc, Eric Dubin, & GATA Chairman Bill Murphy is below: 

[Read more...]

The Mainstream Media Knows The Government Manipulates The Gold Market

gold manipulationWe already know that what is reported by the mainstream media all across the political spectrum – from MSNBC to Fox News – is largely highly scripted, distorted and controlled by the Government.
But the news coverage of the gold market manipulation is the most highly contained information next to defense and espionage.
The New York Times’ “Dealbook” blog  wrote an article yesterday smearing the recent lawsuits filed against the big banks for gold market manipulation.  It described the nature of the lawsuits as being seeded in conspiracy theory and it referenced GATA as a group of “offbeat activists.”
The piece below is in response. 
[Read more...]

GOFO Plunging Again- Indicating A Big Move in Gold?

freefallThe oppressive and illegal manipulation of the gold market is starting to show unintended consequences again.  At the beginning of April the LBMA (London) gold forward rate (GOFO) turned negative again.  It’s been getting more negative every day this month.
From January 1, 1989 – July 7, 2013, there were only seven days in which a negative GOFO was observed.   But since 7/7/2103, GOFO has been negative more than 55% of the time.  In other words, the market for physical gold that can be delivered into the custody of the buyer has never been tighter. [Read more...]

Why Goldman Sachs Is Highly Motivated To Low-Ball The Price Of Gold

The distinguished analysts from Goldman Sachs have reiterated their 2014 forecast for gold to hit $1,050 by the end of the year.
Goldman has a serious motivation for throwing the paper price of gold under the bus.  You see… Goldman is by far the weakest and most vulnerable bank when it comes to its Assets to Derivatives ratio.  Not only does Goldman rank DEAD LAST compared to the other banks in this ratio, it does so with flying colors. [Read more...]

Why the Zerohedge Analysis of China’s Gold Buying is Wrong

tyler-durden-zero-hedge-The stench of a well-trodden cow pasture is emanating from the Zerohedge article which tries to blame the decline in the price of gold during 2013 on China’s use of a complicated commodities financing structure.   Long time readers know that I always give ZH credit for digging up a lot of information and news items that we might otherwise miss.   It is invaluable in that respect.  However, Zerohedge has historically missed the boat with respect to knowledge and understanding of the precious metals market.
Zerohedge has tried to connect the price-action in the price of gold during 2013 with the amount of gold futures selling which accompanies the CCFD gold transactions for the purposes of hedging.
Zerohedge’s analysis of China’s gold buying is fundamentally flawed, and totally wrong.
The REAL reason that China was able to import over 2,000 tonnes of gold in 2013 without the price being driven a lot higher is due to 3 factors:

[Read more...]

Alasdair Macleod: The Gold is Gone, Cornered by China! Could Go Considerably Higher than $2k By the End of 2014!

launch rocket verticalOur friends Alasdair Macleod and Bill Murphy joined Finance & Liberty for a MUST WATCH interview on the metals.
Macleod dropped a bombshell of a prediction regarding his gold outlook for 2014:

I mean the gold is gone- its been cornered by China and it is so miss-priced as to be ridiculous.   I think if there is any surprise, it will be just how high the price of gold goes over the course of this year.  And I think that it could well go considerably higher than the $2,000 price that Bill Murphy just mentioned.

Alasdair Macleod & Bill Murphy’s full MUST WATCH interview is below: [Read more...]

Bill Murphy is Fired Up: Gold Will Become Explosive Within A Month, New Highs Coming!

Play

eplosive gold rallyGATA’s Bill Murphy joins The Doc & Eric Dubin this week to discuss:

  • Friday’s massive cartel raid on the metals as gold pummeled by $25, and silver by nearly $1 on the NFP release
  • Ukraine crisis rapidly escalating as Russia has halted ammo exports to the US, both sides threaten economic war & retaliation, and Russia invades Ukranian Air Force Base in Crimea late Friday
  • SD Exclusive Report: After hundreds of BBB complaints over 6 month delays shipping bullion to customers, Tulving Company goes out of business
  • Bill discusses the latest on BaFin’s PM investigation, and whether GATA might be involved in assisting the German regulators
  • Murphy provides his outlook for the metals, and makes the case why gold and silver will become explosive within a month!

The SD Weekly Metals & Markets With The Doc, Eric Dubin, & GATA’s Bill Murphy is below:

[Read more...]

Want to Know What’s in Fort Knox? Here’s The Bar List

Thanks to a tip from an SD reader, we have discovered the US’ official bar list of “Deep Storage Gold”  held at Fort Knox, Denver, and West Point, buried in a PDF file on the House Financial Services website.
Updated on Sept 30th, 2010, the document provides a full bar inventory including total bars, weights, and fineness of the US Deep Storage Gold reserves.  

For all those inquiring minds wondering how much if any of the US’ gold reserve remains, the official US Deep Storage Gold bar list is below: [Read more...]

Chinese “People Are Buying Gold Like Groceries”

Chinese aunties buyng gold for sale in TaiyuanWeekly Chinese Gold Demand Transcends Global Mining Production, Again.
All over the media we have seen extreme gold shopping sprees around new year and at the Lunar year in China.
This resulted in an all time Chinese gold demand record in January – which accounted for 246 tons.
It seems the Chinese are in a state to buy all the physical gold that can be supplied.

These two photos were taken yesterday by my uncle in a gold shop in Beijing. People are buying gold like groceries
[Read more...]

Jim Rickards on PM Spike: That’s What Happens When You Take Manipulators’ Toys Away

Jamie DimonJim Rickards on gold & silver’s continued rally overnight Sunday and early Monday while the banks & COMEX are closed:
That’s what happens when you take manipulators’ toys away! [Read more...]

SRSRocco: Gold Crosses Big Barrier at $1300, Could Explode at Any Moment!

rocketAs the price of natural gas topped above $5 Thursday, Gold finally surpassed the psychological $1,300 level.  This is quite interesting as the largest gold producer on the planet, Barrick just released its Q4 2013 results showing  “All-in costs” for mining gold at $1,317 an ounce.
As record demand for the yellow metal continues in 2014, the current price of gold is still below the total cost of production from one of the largest gold miners in the world.The problem now plaguing the mining and energy industry is the huge increase in capital expenditures as prices remain flat (oil) or decline (gold).
The gold market isn’t trading on fundamentals whatsoever.  The Gold Market could explode at any moment.
2014 may indeed be the pivotal year for the financial markets.  There are so many negative factors going forward, I believe the broader stock & bond markets will finally succumb to the weight of the Hundred Trillion Dollar Derivative Monster.
[Read more...]

17 Questions For The Fed on Gold That Deserve Answers!

17 silverThe U.S. believes in paper dollars and an unbacked debt based currency. Such currency can be created with little more than a few keystrokes on a Federal Reserve computer. Would the Fed and the U.S. government sell gold into the world market to slow the inevitable weakening of the U.S. dollar? Would the Fed and the U.S. government ship (via intermediaries) substantial quantities of gold to China to prevent dumping of T-bonds and dollars? Are gold sales a “delaying action” to extend the reserve currency status of the U.S. dollar?
What will happen to world bond and stock markets if confidence in the financial system evaporates? Would confidence in the financial system be damaged if the world became aware that most of the gold supposedly stored in government and central bank vaults in the western world is “missing?” Is this the primary reason why the U. S. gold vaults have not been audited for over 50 years? [Read more...]

The Big Reset, Part 3: Why China Bought JPMorgan’s Gold Vault

The US and China seem to be working together in advance towards a global currency reset whereby the US, Europe and China will back the SDR’s with their gold reserves so the dollar can be replaced.
We have now arrived at the point where it is not the banks, but the countries themselves that are getting in serious financial trouble.
The idea that we can ‘grow our way back’ out of debt is naive. The current solution to ‘park’ debts on to the balance sheets of central banks is just an interim solution.
A global debt restructuring will be needed. This will include a new global reserve system to replace the current failing dollar system, probably before 2020.

In Part 1 & Part 2, gold expert Willem Middelkoop explained why China is frantically acquiring physical gold, and how they plan to extricate themselves from the US dollar.
In part 3 below, Middelkoop informs leading Dutch paper NRC Handelsblad why gold will emerge victorious from the ongoing financial crisis:
I put my money where my mouth is. More than 75% of my assets are invested in the precious metals sector.  Gold will retake its rightful place in the monetary system. Once the reset comes, the new world reserve currency will become partially backed by gold. When the Americans abandoned the gold standard in 1971, the current crisis was actually triggered. As money was no longer backed by gold, the unbridled creation of money – creating money out of nothing by central bankers – began. This created the current debt predicament. Previously central bankers were chained by gold.
History has shown that no single currency can survive without gold.   When the rise happens, the price of gold will explode. I will only sell my gold if the price hits $5,000.

[Read more...]

40 Years of Gold Manipulation: Beneath the Surface

I’d like to introduce you to Mrs. Louise Boyer, a very decent lady and a highly competent secretary.  So competent, in fact, that she spent nearly three decades working as the personal secretary of one of the most powerful men in America, Governor Nelson Rockefeller.
From rubbing elbows with the high society of the world, to arranging his personal meetings with national and international leaders, coordinating his political events, or seeing to the details of his extensive travels, this was obviously an intelligent, capable, and steady lady.
At least, she was.  Until she decided in the summer of 1974 to contact a New York newspaper and tell them that she was privy to explosive information regarding the Rockefeller family arranging with the Fed for large amounts of US gold to be sold and shipped to buyers in Europe, reportedly at the official price of $42.22/oz, while gold on the open market was selling for somewhere around $175/oz.
Three days after the publication of the article, Ms. Boyer was found dead, having “apparently” thrown herself through the windows of her tenth-story New York apartment and plunging to her death.
The elaborately concocted story that followed, attempting to convince the public that the Fed still held the US’ gold, is below: [Read more...]

Bill Murphy: Germans Declare Gold Markets Are Rigged!

silver crashIn his latest interview, Bill Murphy, the chairman of the Gold Anti-Trust Action Committee, chats with Cambridge House Live’s Bridgitte Anderson about the recent news that Germany is taking a serious look at potential criminal activities in the gold market.
Have the Germans finally come to the same conclusion as GATA that the gold (& all other Western financial markets) are rigged?
In the words of Chris Powell: “There are no markets anymore, just interventions.
Murphy’s full interview is below:
[Read more...]