Gold Price Supression
Why is it that I never get any good ideas from reading the mainstream financial "news"? As someone who has been following the writings of the Gold Anti Trust Action Committee for years, I am constantly finding that the the assertions that the mainstream works right along with the big manipulators and the the agenda of the government to constantly apply disinformation to manipulate the perceptions while the big bullion banks work hand and foot with the Fed to cap and suppress gold and silver prices as much as possible.
While the attack on Silver by the operatives of the US and UK monetary authorities remains in full swing in their futile attempt to mask the avalanche of inflation and devaluation of the dollar, which is a promise to pay nothing, it turns out that one of the largest likely future applications that will greatly benefit humans in the battle against germs is of all things Silver.
Bix has been one of the most diligent sleuths in the world of silver price suppression and the big picture. While so much is opaque, many clues are evident and the unfolding drama seems closer to some major tipping point than at any I can remember since I started following silver closely in 2000. Bix does a great job of summarizing much of what he have learned up to now and of looking at some of the most likely outcomes in what would appear to be the not to distant future.
Any wonder how within days of the appointment of former high level JP Morgan executive William M. Daley to the position of Chief of Staff of the White House that the CTFC voted to exclude JP Morgan's grandfathered positions from being subject to the same position limits as almost everyone else and that silver and gold have been under pressure ever since? Ongoing silver manipulation by the Fed's assigned agent of silver supression now fully authorized by the CTFC.
Here is a comment I wrote on CNBC in regard to the article entitled "Central Banks Cloud Commodity Outlook: Economist," which discussed ECB talk of raising interest rates and the idea that the Fed will actually discontinue QE near term:
Stories like this and in much greater detail will be posted at Progressive user driven publication The Duffminster Times.
Now that Obama has appointed a Banking Executive who was the Midwest Chair of JP Morgan and is expected to appoint former Goldman Sachs consultant Gene Sperling to head the National Economic Council, I think we can expect an increase in attempted efforts to suppress silver and gold prices and that every effort will be made to keep the Casino and Bookie operations of the These Two largest beneficiaries of the Financial crisis they helped create gaining ever more control of government.
Fake Tungsten Gold Found. What appears to be the first documentation of counterfeit gold bars made of plated tungsten was noted today by Zero Hedge as having been reported by a German television station. The counterfeit bar reportedly is in the possession of the W.C. Heraeus gold foundry in Hanau, Germany, said to be the world's largest.
This sort of thing might shake the gold market even more than, say, the International Monetary Fund's confession that it really doesn't have any gold and that it has been selling only bookkeeping entries all this time.