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overtheedge
Member since May 2012
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has posted a comment on the article :

It Is Much Bigger Than You Think

- Bill Murphy - Le Metropole Café

1. Every participant in the market attempts to get the best deal.

2."... it has long been my opinion that JP Morgan was trading for The Gold Cartel, including the US Government, ..."
An opinion is NOT evidence.

3. Am I sympathetic towards the miners? No. I'm not sympathetic towards the oil producers just because we are past peak oil. Folks you better get your heads out of your third point of contact. Peak cheap gold and silver happened awhile back.

GATA doesn't act in the best interests of those who are accumulating gold and silver.
Try as I might, the only segment of the PM market that I can see where GATA's effort would result in reward is amongst those speculators holding large amounts of cheap physical gold and silver bought years/decades ago.

If GATA were really serious, they would seek laws to prevent uncovered shorts and require all contracts with less than 30 days remaining to take delivery. This means no roll overs. If you bought it or sold it, you make good on the contract.

GATA, present your evidence directly linking the US Government to current gold and silver price manipulation. Don't even try to claim 1960's-70's evidence proves your point. The US government admitted what they were doing at the time. You either have current evidence or you have nothing but innuendo and unfounded opinion.

I agree that large traders and trading houses are gaming the system. See #1 above. If I had deep pockets, so would I. And in my unfounded opinion, I suspect that GATA members either are or would if they could.

Commented 3698 days ago

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Beginning of the headline :There are two mistakes one can make along the road to truth - not going all the way, and not starting." ... Buddha - The gold price manipulation scheme will go down as the biggest financial market scandal in US history for numerous reasons. They include the destruction of the free market system in the United States. The manipulation of the gold and silver prices eventually led to the manipulation of US interest rates via the Fed, the stock market via the Plunge Protection Team, and to the c... Read More

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