Perhaps this is why Deutsche Bank could not find a single buyer for its seat on the London Fix: the bank, along with HSBC have been officially accused on manipulating the silver fix in a new suit filed in federal court in Manhattan over the weekend. [Read more...]
I knew the month was running out and I knew “TPTB” in the paper markets were approaching something called an “options expiry.”
The organization responsible for destroying the role of silver as money, is documented in this article.
This organization makes the Bilderbergs look like pikers.
If you think you know the true story of Silver, this article will surely DESTROY many myths and incorrect assumptions. [Read more...]
In this excellent interview with the SGTReport, gold expert Alasdair Macleod discusses Friday’s news that the CME and Thomson Reuters have been chosen to run the replacement for the 117-year old London Silver Fix.
But the new boss is the same as the old boss, because it looks like the new system is little more than an ELECTRONIC FIX – so there will be NO free market mechanism allowed to set the REAL, MARKET price for silver.
We also discuss the startling fact that according to Jeff Christian’s CPM Group, $5 TRILLION of silver circulated globally last year — that equates to $5,000 per ounce silver if all that paper had to be backed by PHYSICAL… [Read more...]
While the criminal conspiracy to FIX silver and gold continues, and as the criminal cartel dumped $2.3 BILLION IN FUTURES in 5 minutes Tuesday, causing gold to plunge back below $1300 — down more than $40 in just a few trading sessions, Bix Weir joined the SGTReport for his take on the “end” of the London silver FIX – and the current state of the CRIMINAL CONSPIRACY to FIX silver and gold. [Read more...]
This is the first word that came to mind when I checked today’s silver prices.
Forcing the price of silver lower, when the price clearly wants to go higher and in a world where all the fundamentals (rising inflation, worsening economy, multiple wars or near wars) point to higher prices – or at least not plummeting prices – certainly meets the definition of “brazen.”
As a long-time observer of silver price charts, you know such waterfall chart shapes are coming, but a part of you still can’t believe they will happen.
Not in, you know, America, land of the free (markets).
Gold 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: [Read more...]
Following Monday’s $1.3 billion paper gold dump on the COMEX open, the cartel has hit gold and silver again Tuesday, and has finally succeeded (for now) in driving spot gold back under the critical $1300 level- but it took twice the amount of paper used yesterday, as an astonishing $2.3 BILLION in gold futures were just dumped on the market. [Read more...]
With an unallocated account the customer doesn’t have an entitlement to any specific bullion bars, and is a creditor of the bullion bank. So long as the customer is happy with the counterparty risk, this is the cheapest way for him to have exposure to gold. F
rom the bank’s point of view, there is no need to hold more gold than required to meet customer withdrawals. Furthermore, even this gold doesn’t have to be bought, merely leased from a central bank, remaining in the Bank of England’s vault unless needed.
There can be little doubt that the increase in the quantity of gold held in the Bank’s vaults between 2006 and 2013 reflected, among other factors, physical backing for increasing unallocated accounts during the 2000-2012 bull market.
In the past a bullion bank’s risk to a rising gold price either went unhedged, or was managed through derivatives, using forwards futures and options. Therefore, so long as systemic risk is not regarded as a material factor, the bullion banking community can absorb significant gold demand from investors by expanding unallocated accounts without any physical buying required.
However, the investing public’s greater awareness of risk to bank deposits from bail-ins could change this in future.
“Silver is very closely connected with the purchasing power of more than one half of the human race.”
Documented below, are 24 facts, conspiracies, & manipulations pertaining to the silver market. [Read more...]
According to new information obtained from a bank analyst, data provided to the public is intended to distort reality.
I sat down with the analyst who shared some interesting insights on how gold and energy data are manipulated to mislead the public.
Things will continue to get more and more BIZARRE in the world financial system.
That is why it is wise to own physical gold and silver.
The DEATH OF THE DOLLAR is coming… we just don’t know the exact date. [Read more...]
In the radio interview below Steve Quayle’s European banking source V (the Guerrilla Economist) discusses a warning code just released by the banksters that: “something very, very big is about to happen” to the silver market.
“It appears that the timeline for the economic conflagration has been moved a little closer than we thought. “ [Read more...]