Gold Rigging Goes Mainstream: FT Reports Evidence of “Collusive Behavior” on London Fix!

Jamie DimonThe Financial Times reports this morning that global gold prices may have been manipulated on 50% of occasions between January 2010 and December 2013, according to analysis by Fideres, a consultancy.
The findings come amid a probe by German and UK regulators into alleged manipulation of the gold price. Prices are set twice a day by Deutsche Bank, HSBC, Barclays, Bank of Nova Scotia, and Societe Generale in a process known as the London gold fixing.
Fideres’ research found the gold price frequently climbs, or falls, once a twice-daily conference call between the five banks begins, peaks or troughs, almost exactly as the call ends, and then experiences a sharp reversal, a pattern it alleged may be evidence of “collusive behavior.”
Fideres concluded that this “is indicative of panel banks’ pushing the gold price upwards on the basis of a strategy that was likely predetermined before the start of the call in order to benefit their existing positions or pending orders.”
The behavior of the gold price is very suspicious in 50% of cases. This is not something you would expect to see if you take into account normal market factors,” said Alberto Thomas, a partner at Fideres.

[Read more...]

Banker Clean-Up: We Are At the Precipice of Something So Big, It Will Shake the Financial World to its Core!

banker jumpI feel that this is one of the most important investigations I’ve ever done. If my findings are correct, each of us might soon experience a severe, if not crippling blow to our personal finances, the confiscation of any wealth some of us have been able to accumulate over our lifetimes, and the end of the financial world as we once knew it.  The evidence to support my findings exists in the trail of dead bodies of financial executives across the globe and a missing Wall Street Journal Reporter who was working at the Dow Jones news room at the time of his disappearance.  If the bodies were dots on a piece of paper, connecting them results in a sinister picture being drawn that involves global criminal activity in the financial world the likes of which is almost without precedent.  It should serve as a warning that we are at the precipice of something so big, it will shake the financial world as we know it to its core.
Although the trail of mysterious and bizarre deaths detailed below begin in late January, 2014, there are others. Not only that, there will be more, according to sources within the financial world. Based on my findings, these are not mere random, tragic cases of suicide, but of the methodical silencing of individuals who had the ability to expose financial fraud at the highest levels, and the complicity of certain governmental agencies and individuals who are engaged in the greatest theft of wealth the world has ever seen.
We appear to be witnessing a clean-up where JPMorgan and Deutsche Bankers are at the epicenter of it all.
[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...]

Alert: At Least 20 Bankers Now Dead!

morgan willieThe sudden rash of bankers expiring in mysterious ways has been well documented at SD Jim Willie revealed to SD readers that we are seeing bankers removed who are on the verge of revealing big data details on FOREX bank fraud.
News of the latest JPM banker to be found dead (Ryan Crane, the Executive Director of JPM’s Global Equities Group) went viral after European banking source V claimed that Crane & the JPM London banker who fell from the top of JPM’s London HQ last weekknew each other & had uncovered something“.
If the bombshell news the investigative journalists at Infowars have just released is accurate, it appears that the number of bankers found dead in the past several weeks has now swelled to over 20, and includes a slew of mid-level bankers as well as the top level execs that have been chronicalized on SD.
Gerald Celente & Alex Jones discuss the news that the number of dead bankers has now reached 20 below:
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Banker Source On Dead JPM Bankers- “Knew Each Other & Had Uncovered Something”

Wednesday we reported that another JP Morgan banker has been found dead, as the latest banker to meet a sudden and untimely demise is Ryan Henry Crane, the Executive Director in JPMorgan’s Global Equities Group.
Today, Steve Quayle’s banker source “V”, who predicted that a wave of banker hits was imminent when the very first bankers began dropping last week, has dropped a bombshell regarding the death of Ryan Henry Crane. 

V states that Crane oversaw all of the trade platforms and worked closely with Gabriel Magee of JPM’s London desk (who fell 32 stories off the JPM London roof moments after texting his g/f he would be home shortly), and that the pair had access to the exact same info.
V concludes Crane & Magee: “Knew each other and had uncovered something“. 

V’s update on the latest JPMorgan banker to turn up dead is below: [Read more...]

Max Keiser: JPMorgan Behind Bitcoin DDOS Attacks!

JPM ChaseThe cryptocurrency known as Bitcoin has endured several flash crashes this week as first MtGox, and then BitStamp were forced to halt withdrawals due to issues with Bitcoin transactions settling due to massive DDoS cyber attacks.
JP Morgan, who according to reports continues its attempts to launch its own cryptocurrency (in competition to Bitcoin) has issued several scathing attacks on Bitcoin in the past week.
In response, longtime Bitcoin advocate Max Keiser is publicly alleging that JPMorgan is behind the Bitcoin DDoS attacks!
[Read more...]

Banker Source on Wall Street Suicides: Big Things Are Going Down!

bankster AssassinationsSteve Quayle’s banker source “V” is warning that “big things are going down” as a result of the fact that the NY Fed & bullion banks are OUT OF PHYSICAL GOLD, and states that the 4 banker suicides in the past week were on a HIT LIST tied to FOREX fraud- a list which the source claims includes dozens of Wall Street banksters.
The full warning alert from “V” is below:
[Read more...]

Gold & Silver COT Report: Commercials Are 105 M oz Net Short in Silver!

Jamie DimonAnother big week for massive open interest changes almost like two weeks ago except this week gold open interest was downsized big-time.
In silver, price started at 18.85 and ended about 19.55  Commercials added almost as many longs as they sold shorts so they remain net short 105 million oz in silver! [Read more...]

SRSRocco Puts Silver Price Rigging Into Perspective

Price Silver MoveAs we continue to witness orchestrated take-downs in the paper price of silver, the real market rigging is taking place in another industry.  After the price of silver fell 5% in a twenty-four hour period of time, precious metals investors are once again concerned about the future outlook of the shiny metal.
If psychology is the key to market trading, the Fed and its member banks have done an excellent job destroying market sentiment in silver currently.  I say currently, because “ALL” fiat currencies and Ponzi schemes collapse.  There are no exceptions.
Precious metals investors need to understand that in order for this Grand Derivatives Ponzi Scheme to continue, the price of gold and silver have to be controlled to keep the masses from waking upTo keep the public purchasing worthless 401k’s, IRA’s, bonds, most equities, pension plans, CD’s and etc, the OUT OF SITE, OUT OF MIND TACTIC is used by the Fed, U.S. Treasury and member banks.
When the price of gold and silver move up too high, this puts a kink in the fiat monetary authorities game plan.  The Fed and banks have no use for a public that is WELL INFORMED AND AWAKE As long as Americans continue to behave and purchase the crap the U.S. Treasury and banks sell them… everything is fine.
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Harvey Organ: 20 Tons of Gold “Kilo Bars” Withdrawn From JPM Vaults & Headed to Hong Kong!

Play

Gold VaultHarvey Organ joins the SD Weekly Metals & Markets Wrap this week to warn of a possible February COMEX Gold Default:

  • Continued decline in “registered” gold inventory at the COMEX- 2o tons of gold “kilo bars” withdrawn from JPM vaults headed to Hong Kong!
  • 2014 will mark the year where physical forces deep “managed retreat” in the least
  • Geopolitical and Global Macro review:  From MyRA & pension fund confiscation to Ukraine & Emerging Markets
  • Fed Taper Review- Eric believes the Fed will overshoot tapering to $50 billion/month, while Harvey believes Wednesday’s taper will be the last
  • Harvey discusses why February may very well see strains to the point of the long anticipated COMEX default in gold!

The SD Weekly Metals & Markets with Harvey Organ is below: [Read more...]

RECORD ONE-DAY WITHDRAWAL OF GOLD FROM JP MORGAN Drains 22% of Inventories!

empty-vaultIn a surprising change from its inventory build over the past few months, JP Morgan had the largest one-day withdrawal of gold ever Friday.  JP Morgan had 321,500 (exactly 10 metric tons) withdrawn from its Eligible category.

In just one day, JP Morgan lost 22% over its total gold stocks at the Comex.
It seems as if 2014 may be the year that the Financial System finally falls over the cliff. [Read more...]

JPMorgan Quits $1bn Chinese IPO Over ‘Elephant Hunting’ Probe

Elephant hunting MorganMove over London Whale, JP Morgan has a new Mammoth scandal on its hands:

America’s biggest bank, JPMorgan Chase has quit work on a Chinese firm’s initial public offering over a probe that it may be part of a larger ‘jobs for contracts’ hiring scheme called ‘elephant hunting’, made famous in the 2000s. [Read more...]

Marshall Swing Returns: Bullion Banks Suddenly Packing on Shorts!

Massive shortsIn gold we see that what all the headliner commentators thought were the bullion banks taking a big long position prior to the supposed blast off to the moon – in reality those bullion banks (producer merchant) have been packing on shorts right and left the last five weeks and have gone from just about 1.2 million ounces net long to a mere 311,000 ounces net long as of last Tuesday.  Those swap dealers are packing on the shorts this past reporting period as well adding just over 641,000 short ounces.
What does all this mean?
For the first time in a long time we have both houses of the commercials moving congruently to significantly larger short positions.  People, they are not taking those positions so they can report a loss…
Get ready for a price drop and back up the truck soon! [Read more...]

The Price Of Gold: The Fed’s 60 Seconds Of Desperation

The price of gold was remarkably smashed $35 in the space of 60 seconds at 10:14 a.m. NY time Monday morning12,000 contracts hit the market almost all at once.  To put this size in context, on Friday a little over 107,000 Feb contracts traded during the entire 23 hour Globex system session.  In other words, Monday at 10:14 a.m., a little over 11% of Friday’s total volume traded in the space of  1/1380 th of the entire Globex session for a given period.
The hit came from nowhere and halted a strong rally in the price of gold that began last night in Asia.
This is the unmistakable sign of desperationDesperation to keep a lid on the price of gold in an attempt to make the public believe that everything is ok in this country and with the U.S. dollar.  But we all know otherwise… [Read more...]

China Gold Association President: US Intends To Suppress Gold To Ensure Dollar’s Dominance

Caption Contest 1Sun Zhaoxue, China Gold Association President, and General Manager of the China National Gold Group Corporation (China’s largest gold mining firm) has brought the US manipulation of the gold market mainstream in China in a speech at the Lujiazui Forum, an annual finance conference attended by prominent Chinese economists:
Only gold remains on par with the US Dollar to benefit from the Eurozone collapse. This is why the US began to suppress gold by issuing a statement two months ago that the Eurozone will sell its gold when it is unable to service its debt, then stating three days later that the news was false. Goldman Sachs made a forecast for the gold price at the beginning of the year but suddenly changed its course saying the gold price will fall to $1300.
Bernanke’s speech followed, saying that monetary easing will end, that the US economy is improving. This series of examples shows that the fall of the gold price is premeditated.  This process is a genuine currency war.

Then we have to ask the US why they store so much gold but instead of selling gold, they issue debt to other countries to rescue the financial market.  The US owes Germany so much gold but instead of repaying immediately, sets a 2020 deadline to return the goldThis is a downright currency war to maintain US Dollar hegemony by defeating all other currencies.” [Read more...]