Chart usGOLD   Chart usSILVER  
 
Food for thought
We all enjoy the comfort of opinion without the discomfort of thought
John F. Kennedy  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1267.442.40
Silver 19.230.05
Platinum 1406.251.50
Palladium 880.501.50
WORLD MARKETS
DOWJONES 17068-30
NASDAQ 459818
NIKKEI 15798130
ASX 565728
CAC 40 4378-1
DAX 950728
HUI 237-9
XAU 99-4
CURRENCIES (€)
AUS $ 1.4155
CAN $ 1.4352
US $ 1.3131
GBP (£) 0.7973
Sw Fr 1.2072
YEN 138.1180
CURRENCIES ($)
AUS $ 1.0781
CAN $ 1.0930
Euro 0.7616
GBP (£) 0.6072
Sw Fr 0.9191
YEN 105.1940
RATIOS & INDEXES
Gold / Silver65.91
Gold / Oil13.60
Dowjones / Gold13.47
COMMODITIES
Copper 3.150.00
WTI Oil 93.190.31
Nat. Gas 3.900.01
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Gold price suppression needs no whistleblowers; it's in the open because nobody notices
Published : September 03rd, 2014
459 words - Reading time : 1 - 1 minutes
( 0 vote, 0/5 ) Print article
 
    Comments    
Tweet
Keywords :   Central Bank | Manipulation |

Over the long Labor Day holiday weekend in the United States your secretary/treasurer sent the following e-mail to many financial journalists and mining company executives in the hope of calling their attention to the latest smoking-gun proof of central bank intervention against the gold market and other markets.

* * *

Dear -----:

The Gold Anti-Trust Action Committee is publicizing a document discovered last week on the Internet site of the U.S. Commodity Futures Trading Commission. It suggests that central banks are surreptitiously intervening in all major futures markets operated by CME Group -- that is, suggests that all these markets are rigged. This strikes me as a pretty big news story and I've sent it to many major news organizations in the hope of inducing them to pursue it. See what you think. The document and some context for it can be found at GATA's Internet site here:

http://www.gata.org/node/14385

Also possibly of interest is this commentary about the failure of gold and silver mining companies to protest government's suppression of the price of their products:

http://www.gata.org/node/14394

Of course I'd be glad to provide more information.

With good wishes.

* * *


Of course there were few acknowledgments, but one mining executive did reply cordially, to the effect that 1) conspiracies are hard to keep secret, 2) despite GATA's many years of exposing market manipulation not one disgruntled employee or former spouse or jilted lover has ever come forward to describe how the manipulation works. Until he could see information from someone actually involved in gold price suppression, he wrote, he would remain a skeptic.

Your secretary/treasurer replied as follows.

* * *

You want specific participants in the gold price suppression scheme to come forward -- but many already have. Some participants have even given speeches about it, like these:

http://www.gata.org/node/4279

http://www.gata.org/node/13373

On behalf of many central banks, the staff of the International Monetary Fund wrote this report recounting central bank participation in gold price suppression:

http://www.gata.org/node/12016

I can get you many more documents like these if you'd like to see them.

True, these people are not whistleblowers, as they are not craving publicity to expose something. Rather they are insiders very confident that they can admit these things more or less in public because nobody will pay any attention -- not the financial news media and not even the gold mining industry itself.

We're still hoping to prove them wrong in regard to you. Why not look at the three documents cited above and see what you think? There's a lot more available here:

http://www.gata.org/taxonomy/term/21

* * *

Will this mining industry executive look at the admissions provided to him today? Will he act on them? We can only hope as we press on in the morning.

Tweet
Rate :Average note :4.5 (19 votes)View Top rated
Previous article by
Chris Powell
All articles by
Chris Powell
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Chris Powell

Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
Chris Powell ArchiveWebsiteSubscribe to his services
Most recent articles by Chris Powell
9/3/2014
9/3/2014
9/2/2014
9/2/2014
9/2/2014
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer