Articles related to Exchange Stabilization Fund
Chris Powell - GATA
Chris Powell at New Orleans conference: Gold market manipulation update, November 2018
Since we met at this conference last year much new evidence of manipulation of the gold market by central banks and their bullion bank agents has been compiled and disclosed by the Gold Anti-Trust Action Committee. For example, a month ago a major bullion bank, the Bank of No
Saturday, November 3, 2018
Jesse - Le Cafe Américain
US Stock Market Futures Slumping Overnight After Initial Plunge
After further declines to support levels after hours, that reached down well below the parabolic breakouts, the SP 500 and NDX futures have rallied back a bit to try to find support.  But the gains of this year and much of the rally from the end of 2017 have been erased. I have put updated charts in tonight's regular posting showing some more aggressive correction levels. Tomorrow is likely to be a pivotal day, as the bulls will attempt to find a footing and buy the dip.  They made an attempt
Tuesday, February 6, 2018
Chris Powell - GATA
Banks are in the clear if they rig markets as U.S. government's agents
Metals market analyst Lawrie Williams, writing yesterday for London bullion dealer Sharps Pixley, notes that manipulation of the monetary metals markets by big banks is becoming more evident, what with the U.S. Commodity Futures Trading Commission imposing fines this week on three European banks and the U.S. Justice Department bringing criminal charges against eight traders at the banks. Williams adds, "What is perhaps less certain is whether central banks are involved too in an attempt to prote
Thursday, February 1, 2018
Jim Willie CB - Hat Trick Letter
Silver as a Strategic Metal and Why Prices Will Soar 
The arguments in favor of silver as an investment asset are growing rapidly. In the opinion of the Jackass, silver is the most under-valued hard asset in existence, with the highest potential for price appreciation on the globe. To begin with, central banks own no silver, but do own huge tracts of gold. Industry has huge demand for silver, but a trifling amount for gold demand. The investment demand is another key factor in favor of silver, but also for gold. Ever since the tech telecom bust in
Sunday, January 21, 2018
Rory Hall - The Daily coin
A Golden Anchor for the Dollar
Dr Warren Coats, former Chief of the SDR with the title Assistant Director of the Monetary and Financial Systems Department at the IMF penned an article on a return to the gold standard in 2013 – A Hard Anchor for the Dollar. Not a classic gold standard, but an “updated version” of a gold standard that would allow for entities like the IMF, World Bank and BIS to stay involved and be part of the global banking system. This would allow these global banks to continue dictating monetary policy and c
Tuesday, January 2, 2018
Chris Powell - GATA
Ted Butler: A 10-year-deal to let JPM rig silver
Silver market analyst Ted Butler today speculates that the U.S. government has a 10-year agreement with JPMorganChase, stemming from the failure of the Bear Stearns investment bank, waiving commodity and anti-trust law enforcement so that Morgan can keep the price of silver under control and profit greatly from doing so. This brings Butler quite a bit closer to the possibility that Morgan is simply the executor of U.S. government trades, which easily would explain why there is never any enforcem
Wednesday, December 20, 2017
Chris Powell - GATA
Bill Murphy: Nearly two decades of fighting the Gold Cartel
Next year will be the 20th year, or two decades, that Chris Powell, the GATA army, and I have been out there doing what we could to expose the gold price suppression scheme by what we call the Gold Cartel. What we have learned over all this time is how all encompassing the market manipulation schemes really are. Initially, we realized that various bullion banks (such as Goldman Sachs and JP Morgan) were collectively suppressing the gold price to keep it below $300 an ounce. Eventually we realize
Tuesday, October 31, 2017
Jesse - Le Cafe Américain
Stocks and Precious Metals Charts -
"We would rather be ruined than changed; We would rather die in our dread Than climb the cross of the moment And let our illusions die." W. H. Auden, Age of Anxiety "The real truth of the matter is, as you and I know, that a financial element in the large centers has owned the government of the U.S. since the days of Andrew Jackson. History depicts Andrew Jackson as the last truly honorable and incorruptible American president." Franklin Delano Roosevelt "On a side bar. remember a couple
Friday, October 20, 2017
Chris Powell - GATA
U.S. Exchange Stabilization Fund rigs gold price, ex-U.S. Rep. Ron Paul says
Former U.S. Rep. Ron Paul, R-Texas, this week tells Wall Street for Main Street's Jason Burack that the United States uses its Treasury Department's Exchange Stabilization Fund to manipulate currency markets and suppress the price of gold. Central banking, Paul says, can't afford to let free markets set the gold price. The interview is 25 minutes long and can be heard at YouTube here: The discussion about gold price suppression begins
Thursday, August 10, 2017
Andy Hoffman - Miles Franklin
The 8:00 PM Algo-At 7:06 PM
In a world gone mad – mostly, due to a handful of sociopathic “one percenters” – here are some of the PiMBEEB reasons, from the past 24 hours alone, why I last week penned “the most Precious Metals bullish I’ve ever been.” In the words of Russian Prime Minister Dmitry Medvedev – former President, and current right-hand man to Vladimir Putin – regarding Congress’ insane decision to impose dramatic new economic sanctions on Russia, for reasons essentially no one understands; “the signing of new s
Friday, August 4, 2017
Jim Willie CB - Hat Trick Letter
  Chinese Leverage to Kill Petro-dollar
The Chinese Govt is greatly irritated by the requirement to use USDollars in payment for crude oil in the global market. The Beijing officials finally have some leverage in arranging for a major deal to pay for crude oil in RMB currency, their Yuan. The negotiations have been in progress for a couple months. The development is not covered well in the financial press, not even in the alternative media. It will happen, just a matter of time. Its effect will be far reaching and likely devastating.
Saturday, July 29, 2017
Chris Powell - GATA
Why not sue Comex for facilitating the rigging of monetary metals markets
Dear GATA: I read Ronan Manly's July 18 report asserting that the New York Commodity Exchange's gold futures market is structured to facilitate price manipulation: The U.S. Commodity Futures Trading Commission likely won't ever do anything about that. But I wonder if anyone has looked into whether the Comex and its operator, CME Group, might be held liable for knowingly facilitating or aiding and abetting illegal activity? Perhaps a civil lawsuit seeking damages or
Wednesday, July 19, 2017
Andy Hoffman - Miles Franklin
Valuation Anomalies Suggest Historic Precious Metal Lows
Today, we’re going to start with an interview with billionaire Frank Giustra – perhaps, Canada’s most famous mining stock promoter.  Who, in this interview, comes as close to accusing gold of being manipulated as mainstream investors are “allowed.” Do you think the gold market is manipulated? No, I don’t think it is manipulated.  Manipulation is a strong word. But I do believe it is managed, by the policy makers who need to keep confidence in a system when it goes sideways.  Any major spike in t
Wednesday, June 21, 2017
Andy Hoffman - Miles Franklin
When I Said The Lowest-Ever Inflation Adjusted Gold Price, I Meant It!
So you understand just how dire – and global – the “Greatest Depression” is becoming, here’s a sampling of the “PiMBEEB,” or Precious-Metal-bullish, everything-else-bearish headlines of the past 24 hours alone.  Which cumulatively, tells you all you need to know about how all Central banks will respond into the foreseeable future.  Or, more accurately, forever – given that fiat currency regimes by nature are Ponzi schemes; which consequently, must expand exponentially; whilst maintaining public
Thursday, June 8, 2017
Andy Hoffman - Miles Franklin
Opec, Like The London Gold Pool, Proving Cartels Always Fail
In Wednesday’s “historic market manipulation setting the stage for catastrophe,” my principal inference was that, per the time old adage, crime never pays.  Perhaps in the short-term; but the longer a scam is perpetrated, the more vulnerable it becomes to its inevitable demise.  Kind of like Fargo, when the initial plan to ransom Jerry’s wife morphed into a heinous killing spree, resulting in essentially all participating parties dying; as crime, like market manipulation, has significant uninten
Friday, May 26, 2017
Jim Willie CB - Hat Trick Letter
Sordid Saudi Signals
Thursday, May 25, 2017
Andy Hoffman - Miles Franklin
Historic Market Manipulation, Setting The Stage For Catastrophe
In 1989, as a college sophomore, I switched my major from biology to finance.  Immediately, I subscribed to the Wall Street Journal, and read the “C” section every day for the next ten years, without missing a day.  That is, until I got sick of its CNBC-like economic and financial market cheerleading, in the first sign of a burgeoning mistrust of the financial media, that has led to today – when, on a worldwide basis, I have become one of its most well-known detractors.  This, and the the entire
Wednesday, May 24, 2017
Andy Hoffman - Miles Franklin
Made In America-The Perfect Precious Metals Storm
In yesterday’s “unprecedented catastrophe,” I espoused that “when the powers that be’s’ unprecedentedly destructive acts – in the name of destroying the 99%, for the benefit of the 1% – inevitably, spectacularly fail; the world as we have known it will no longer be recognizable.” Well guess what?  As of today, America – and its rapidly diminishing global role – will never be the same; as quite obviously, the “Deep State” that even I have had trouble acknowledging has once and for all, destroyed
Thursday, May 18, 2017
Andy Hoffman - Miles Franklin
Maybe They Just Don’t Want To Buy Them!
Wasn’t it yesterday that I showed charts of “Dow Jones Propaganda Average” trading of the past week – during which, the PPT’s signature “dead ringer” algorithm held it up every day?  And the day before, when I showed how the exact same algorithm has been used in China since its early 2015 stock market crash?  Well, lo and behold, let’s take a look at this morning’s Chinese stock trading – whilst Chinese commodity prices plunged to new six-month lows; right next to yesterday’s U.S. close.  See if
Thursday, May 11, 2017
Andy Hoffman - Miles Franklin
Ticking, (Short-Fuse) Time Bombs For The “Challenging” Central Banking Industry
In yesterday’s “who’s more bullish for Precious Metals – Macron or Le Pen?,” I started with nearly five pages of cold, hard facts – proving across-the-board market manipulation of essentially all Western markets.  Which, for the sole purpose of prolonging a terminally ill monetary status quo – in which 1% benefit, at the expense of not just the “99%,” but future generations of “99-percenters” – has created “dotcom-like valuations in a Great Depression Era.”  Not to mention, sentiment – per yeste
Tuesday, May 9, 2017