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Glyn G
Member since May 2012
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If the law won't stop market rigging, what can we do?

- Chris Powell - Gata

I agree wholeheartedly regarding removal of physical from the banking system. I'm wondering if there is another possible alternative for fighting manipulation within the Comex. Excuse my limited understanding of economics. It seems to me JP Morgan (and therefore the US government's position) is only made possible because of a prevailing movement in one direction. Like wind turbines pointing west in the UK they draw power off the prevailing westerlies. The obvious no brainer meme floating around is that gold can only go up under current conditions. But because JP Morgan have unlimited scope to sell precious metals they don't own they can constantly profit from pushing back against this tidal surge. But if everyone followed their every move. Built up short positions when they built them, and reversed them when they reversed them. Would that not make it no longer worth their while? It seems to me they profit from our anger and willingness to oppose them. It seems by fighting them we are simply playing into their hands. Follow them and the game is up. “The green reed which bends in the wind is stronger than the mighty oak which breaks in a storm.”

Commented 4197 days ago

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Beginning of the headline : "If the U.S. judiciary deemed protection of the nation's currency or similar national interests (such as stable financial markets and oil prices) as justification not to prosecute a cartel's war against gold by federal authorities, foreign governments, and their agents, could anti-trust law ever be brought to bear against such activity in our lifetimes? "What I'm asking essentially is: What is the Achilles' heel of gold market collusion that would provoke enforcement in a compromised judicial system?" I have replied to R... Read More

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