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...]

Jim Rickards: Next Crisis Will Be Worse than 2008 Because it Will Be Bigger Than the Fed!

dollar collapse panicThe five biggest banks in the United States in 2008, today those banks are bigger. They have a larger percentage of the assets of the banking system.  They have much larger derivatives books and if you apply what I use which is complexity theory, to understand the risk in capital markets, you know that when you increase something in scale, the risk does not go up in a linear fashion. It goes up in an exponential fashion so the risk is – the size of the system is greater than ever before and the risk gets exponentially greater than ever before.
So we have a lousy economy. We have massive risk. We have the whole thing getting propped up like money printing by the Fed. This is naturally going to happen except this time, the next time, it will be worse than 2008 because it will be bigger than the Fed.
[Read more...]

Tell-all Goldman Sachs Twitter Elevator Gossip ‘Employee’ Exposed

The source behind the Twitter handle @GSElevator Gossip, which has over 600,000 followers and chronicles ‘overheard’ elevator conversations at Goldman Sachs revealing bankers’ real attitudes towards money & women, is actually not even an employee.
The Twitter account prompted Goldman Sachs to open an internal inquiry to try and track down the tweet-happy employee, and it turns out that the Twitter author is 34-year-old John Lefevre, a former bond executive who was offered a position as head of debt syndicate at Goldman’s Hong Kong office in 2010, but never actually worked for the firm.  [Read more...]

Nigel Farage: We Are Now Run By Big Banks and Big Bureaucrats!

farageOur favorite member of the European Parliament, Nigel Farage has unleashed another epic rant in Strasbourg on how the Greeks were suckered by Goldman Sachs & big EU bureaucrats:

Greece is now under foreign control. You can’t make any decisions, you’ve been bailed out, and you’ve surrendered democracy, the thing your country invented in the first place.  And you can’t admit that joining the euro was a mistake – of course Mr Papandreou did that didn’t he, he even said there should be a referendum in Greece and within 48 hours, the unholy trinity (troika) that now run this European Union had him removed and replaced by a ex-Goldman Sachs employee puppet.
We are run now by big business, big banks and in the shape of Mr Barroso, big bureaucrats.

Farage’s full MUST WATCH rant is below:
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Why Is Goldman Sachs Suddenly Warning of a Stock Market Crash?

Why has Goldman Sachs chosen this moment to publicly declare that stocks are overpriced?  Why has Goldman Sachs suddenly decided to warn all of us that the stock market could decline by 10 percent or more in the coming months?  Goldman Sachs has to know that when they release a report like this that it will move the market.  And that is precisely what happened on Monday.  U.S. stocks dropped precipitously. 
So is Goldman Sachs just honestly trying to warn their clients that stocks may have become overvalued at this point, or is another agenda at work here?
We consume far more wealth than we produce, and our entire nation is drowning in a massive ocean of red ink that stretches from sea to shining sea.
This is not sustainable, and it is inevitable that the stock market will catch up with economic reality at some point.
It is just a matter of time. [Read more...]

Manipulation Going Mainstream as Bloomberg Asks: ‘How to Keep Banks From Rigging Gold Prices?’

Jamie DimonLast week the financial MSM admitted for the first time that the West’s gold is being physically drained to Asia and that London’s gold vaults are “virtually empty.
Now, allegations that banks are rigging the gold and silver markets continue to gain credence among the mainstream as Bloomberg has published an article by Rosa Abrantes-Metz entitled How to Keep Banks From Rigging Gold Prices’’.

Rosa Abrantes-Metz concludes that gold prices may be manipulated and gives evidence to support her assertion.

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Former Goldman Banker Nomi Prins On Why Depositors Could Lose Money in the Next Bank Crisis

Nomi Prins, former Wall Street banker and author, says, There’s this myth . . . that somehow the Fed’s quantitative easing (money printing) is helping to create jobs. The big six bank stocks are outperforming the rise in the stock market generally by ten times, and that is really not talked about very much, and that’s a big multiple. They are the ones who have received the most benefit, and they are the ones who are still in trouble.”
Can the Fed stop supporting the big banks?  According to Prins,
The banks can’t survive without the Fed support, period. . . . The Fed will not discontinue its program of helping these banks because the levels of problems are still the same.”  According to Prins, depositors could be in trouble during the next banking calamity.  Prins contends, That is a danger.  Depositors could lose money because the FDIC would not be able to contain a mega fallout. . . . They’re creating a facade of stability until it falls apart.”
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Chinese Central Bank’s Fingerprints Are All Over the Gold Manipulation!

Caption Contest 1A SilverDoctors Exclusive By SD Contributor AGXIIK:

The Dollar’s fate lies in China’s Hand.  Gold is the key to this fate.  The Chinese Central bank’s fingerprints are all over the gold manipulation story.
The Chinese play the gold players like fiddles, rigging the price of gold lower to take in as much as they can. 
Like Sun Tsu said, If you can win the battle without fighting, that is a good warThey’ve not fired a shot. They’ve used our currency reserves to buy up our gold.
The existence of our world  reserve currency status will depend on how and when China shows the world what they hold in gold That report is due in 2014
Once they show the world they have the gold to back their currency, the entire world will flock to the winner.
The fate of the dollar is almost entirely tied to China, its gold holdings and the value of gold once its real value is set.
$50,000 an ounce could become a real figure.
[Read more...]

Venezuela Denies Goldman’s Gold Deal As Inflation Tops 54%

Never believe anything until it is officially denied… [Read more...]

Perception Deception

vampire squid goldmanRather than source the abundance of information currently available regarding Chinese demand, Goldman chooses instead to use the Bloomberg/IMF data for their chart and research report. This is the same GoldmanSachs, mind you, that tells their clients that gold is heading to $1050 (http://www.cnbc.com/id/101220299), all the while accumulating shares in the GLD at a rate four times faster than anyone else on the planet and acquiring 1.45 million oz of gold from Venezuela! [Read more...]

Venezuela to Sell or Swap 1.45 Million Oz of Gold to Goldman Sachs

Bernanke-Dimon-Fed-TunnelVenezuela’s El-Nacional is reporting that Venezuela has signed an agreement with the Vampire Squid to swap or exchange 1.45 million oz of the country’s international gold reserves effective Oct 2013, with the agreement running through Oct 2020.
The gold reportedly is currently being held at the Bank of England, and will be PHYSICALLY DELIVERED TO GOLDMAN SACHS in exchange for US dollars from Goldman.
We wish both Germany and Venezuela well in obtaining a single ounce of their physical gold reserves back in 2020. [Read more...]

Gold Trader: “Manufactured” Crash Imminent, Gold to Test June Low Next Week As JPM Guns for $1,000

“At least two big banks, I would say Goldman Sachs, JP Morgan, maybe a big hedge fund…are trying to push gold down to that support zone at around $1000. I think they’re already short, and right now they’re letting the reversing dollar do the work for them.
I think gold tests the June low by the middle of next week.
When gold bottoms, it will bottom in a v-shape—& it’ll come roaring back out…because those three funds that have been trying to drive this down…will flip and go long. I think any smart hedge fund manager is looking for this $1000 level, and they’re just like me—they’re sitting in cash and waiting and licking their lips. If a washout comes, they’re going to put the money to work…so I think the buying pressure…is going to be huge.

he bottom will be an event—very short and we will very quickly rally back up to test $1520…and then I think by next summer we’ll already be testing $1800-$1900.[Read more...]

Jeffrey Christian Slips Up Again, Inadvertently Proves Illegal COMEX Price Setting in Silver

Jeffrey ChristianHas Jeffrey Christian inserted his foot into his mouth once again, and for the second time inadvertently divulged information in a public speech proving that the gold and silver markets are manipulated?
While the end of Christian’s Silver Summit speech in which he attacked metals trader Andrew Maguire has received even MSM media attention over the past week, we suspect slandering Maguire will not be the only reason Christian will regret last Thursday’s speech in Spokane.

In a stunning admission last week at The Silver Summit in Spokane, Washington, CPM Group’s President Jeffrey Christian, a long time opponent of silver market rigging claims, admitted that the price of silver was being illegally set on the COMEX trading floor. This admission came during his attempt to prove that there was no silver market manipulation taking place.

[Read more...]

Will The Real Goldman Sachs View On Gold Please Stand Up

The head of Goldman Sachs’ commodities research area yesterday announced in headline-grabbing fashion that gold was a “slam dunk” sell.  What’s truly stunning about this is that during the 2nd quarter this year, Goldman Sachs revealed in an SEC 13-F filing that it had accumulated over 4 million shares of GLD (that’s half a billion dollars worth) of GLD to become the 6th largest holder.
True to its historical track record, Goldman often says one thing through its research reports but does the exact opposite with its capital. [Read more...]

The United States Crossed The Rubicon On Its Path To Collapse

gold collapseSince the Lehman crisis in 2008 it turns out that gold and silver have been the number 1 and number 2 best performing investments.  I bet that surprises everyone who is reading this.  Despite this nasty two-year correction, if you invested every penny in gold and silver, you have outperformed every other possible asset class.  And get ready for the next move higher in gold and silver, because our system is in worse shape and further along its collapse than it was in 2008.  Goldman Sachs knows this and that’s why – despite their analyst report that says gold could still go lower here – Goldman Sachs – the firm – became one of the largest holders of GLD during the 2nd quarter of 2013. [Read more...]