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Go To Zerohedge to see the article on the announcement by the CFTC that the silver manipulation investigation is officially over. No evidence of manipulation has been found. All of you that feel that there is manipulation in the markets are just angry cause you are holding underwater gold and silver. No evil manipulation of markets is present. Move along please.
My silver is not underwater! And actually neither is our gold!
You are in the minority and I am very jealous. Anyone who has bought gold and silver in the past 2 years is most likely underwater which is very discouraging.
investing is tough…
Glen you are very naive if you think there is no manipulation. First of all the CFTC is a complete joke as they (and the courts) will not prosecute the federal gov’t or banks such as JP morgan and Goldman Sacs that act on behalf of the Federal Gov’t as they wouldn’t dare because they would lose their jobs. As they do get pressurred to “do the right thing” secondly I watched Allan Greenspan in an interview (former fed chairman 1987 – 2006 )and he said the biggest mistake the feds made was “allowing the price of gold to appreciate as much as it did” referring to 1980 when it made an alltime high. There is not any doubt the feds do manipulate gold and other markets just how much and when is the only question
Robin, the CFTC is not a joke. They cannot prosecute the Federal government for manipulation. The law allows the Treasury Dept to legally manipulate the markets. There is nothing anyone can do about this. In fact, what the Treasury Dept does in the markets cannot even be discussed out in the open. They answer to no one except the President of the United States. Sounds like fascism to me?
Or something like that Glen. Remember the govt knows what is best for all of us!
Shouldn’t have bought them in the last 2 years Glen. Too expensive. Getting cheaper. End of story. Buy low, sell high!
There are none so blind as those that don’t wish to see. (Or are not allowed to see)
Very true in both cases, CFS!
fed manipulate all markets, not just gold and silver. you want evidence? they set interest rate.
Wow Glen! I’m so glad you told me! Time to get into gold and silver then prhaps, as the probably only markets in the world that are not manipulated!
All markets are manipulated. Remember May of 2011?
50% of annual production (~350 m ox) wassold in 3 min at 3am. I do realize that this was paper silver and not phyzz, but this is not how free markets work. This was obvious to me to suppress price and drive investors away from a metal that has a history of being a competing currency.
Go to the GATA site to see Chris Powells comments on this decision by the CFTC. The CFTC’s hands are tied when the Treasury Dept is involved in manipulation of markets. The Treasury Dept legally has a mandate to manipulation all financial markets at the discretion of the Secretary of the Treasury and he is held accountable by no one except the President.
Market manipulation has been going on sinse about 1962, Johnston gave a speech about it. Probly before that. But thats when we were outright told they were manipulated.
Anyway, explains why there have been no charges when it is done.
Just somthing we have to live with.
Obviously better if they were free to work tho.
That is if you agree with Misses, which I do.
You must believe in Santa Claus and the tooth fairy as well. Don’t be so gullable
Robin, I shouldnt believe a presedent when he says somthing? lol, maybe you have a point.
By federal law, the Gold Exchange Act of 1934 specifically authorizes the US government to rig not only the gold market, but to rig any (financial) market surreptitiously through the Exchange Stabilization Fund. If the CFTC has discovered that market rigging is taking place because of US government policy, then according to law there is nothing to be done about it.â€ť
Thanks Glen for the link.
Same from me Glen.
Jim Willie also has a public article out that compliments what is going on as far as the Fed reserve and its manipulation and control of the bond markets. I guess you can google this. Bond market manipulation is far more important than silver manipulation.
Jim Willie: Flash Trading Hits USTreasury Bonds
I would agree with your comment about bond market manipulation.
If Gary thinks gold is going to 1000, then what is his downside target for silver? I hope you guys can ask him next time he is on.
Gold at $1000 would put silver at $15, possibly even $14.50.
Yeh Matthew, I really don’t personally see that either. Not claiming to be the prettiest baby in the nursery by the way!
I agree with you, Al. I added to five of my juniors today. I think a rally is near…
Tomorrow we will.
I, by the way, do not see $1000 gold anywhere in the near future. Fundamentals just not showing me that.
Al, could you be more specific with your fundamental call?
Sure Bobby, look for an editorial on this later today.
This is a must watch, former congressman Neil Gallagher.
Thx for that Robski.
Unreal, that will take some time to digest.
It is long but informative.
Sorry to be so short on my comments on the above video, it moved me so much. I was born in1970, but I love learning about history. That is why I love coming to this blog, most of the bloggers here have a “sense” of history about them, call it wisdom. As Mark Twain so elegantly said, “History doesn’t repeat, but it rhymes.”
Yep, Robski, it certainly does rhyme.
Many thanks for your participation, my friend.
I disagree totally with Gary’s theory that gold will go down to 1000 dollars. What would the Treasury Dept have to gain by driving the price down that low? Nothing. The Treasury Dept would serve itself well by forcing gold to basically trade sideways as long as it possibly can. One thousand dollar gold would only cause an increase in demand for phyzz that would bring the end game that much faster. They want to stabilize the bond markets. This is the immediate problem and the most important problem. They can’t let interest rates get away from them. Nope, no 1000 dollar gold in our future. Sideways trading. I think thats what they are looking for.
Glen, this would allow the Chinese and the new world currency to accumulate more gold, it’s all part of the master plan.
Okay, so far we are a team of two!
Jim Willie: Flash Trading Hits USTreasury Bonds Sept. 26, 2013, – The US Treasury Bond market breakdown is in progress, all part of the general USDollar global rejection that is taking the world by storm. …. The USFed, the USGovt, and the Big US Banks urgently needed to stop the move in the 10-year bond yield (aka TNX). …. http://www.silverdoctors.com/jim-willie-flash-trading-hits-ustreasury-bonds/
Glen – I’ve said for months newcomers will not be rewarded in this market. These are the people who bought gold and silver in the last couple of years.
The question is now how many are still holding on? How many have thrown in the towel?
Can gold resume its rally until they throw in the towel? This is Jim Rogers point. There is still too many late comers and weak hands that need to get flushed out