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

Another day, another Fed and bullion bank intervention

- Chris Powell - GATA

I ask a very simple question and would like a very simple answer.

The theory that this price smash was contrived and manipulated remains a speculative theory. Can you offer proof of this without referring the same unfounded rhedoric of the past?

Over the past 3 years we've heard nothing but how the increase in money supply (QE) was going to send metal skyrocketing and many speculators bet on that. If the FED hinted that it might not embark on more QE then why is it so unreasonable to suggest that the dumping occurred because the very reason new investors came in to the game was to speculate on addtional QE?

All this talk of manipulation is pure conjecture. Simply because everyone repeats the same unfounded message doesn't mean that it is true. Where is the proof that this was a bankster takedown rather than a "he didn't hint towards additional QE so dump" situation.

I didn't hear complaining the day before when silver had a spectacular day. I didn't hear complaining during the early days of 2011 when silver had magnificent up days. To be fair, the only complaining I hear is when silver gets smashed. Only then is it a conspiracy against silver ... not on up days though. That is a little hypocritical don't you think?

Commented 4443 days ago

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Beginning of the headline : Interviewed today by King World News, Sprott Asset Management's John Embry discusses another smash in the gold and silver paper markets by their "manipulators," the bullion banks: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/2/29_Em... Market analyst and gold mining entrepreneur Jim Sinclair writes that today's action in gold is an "intervention" functioning as "window dressing" camouflage for more "quantitative easing" by central banks: http://www... Read More

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