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Deep Capture: Manipulating Gold and Silver

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  • Deep Capture: Manipulating Gold and Silver

    The latest case of regulatory indolence was recently exposed by Andrew Maguire, a successful metals trader and whistleblower who went to the Commodity Futures Trading Commission with data that strongly suggested that a small number of criminal short sellers had rigged the markets for silver and gold. Maguire not only provided the regulators with a Dummies’ guide to how the manipulation generally worked, but also warned them of a specific crime – a dramatic take-down of the gold and silver markets – that he said would occur at an exact time on a specific date in the near future. That is, Maguire told the regulators that a massive crime was about to happen, and the crime happened precisely as he predicted it would.

    With Maguire’s warning, the regulators were able to watch a crime unfold, right before their eyes, in real time. Then the regulators thanked Maguire by saying, in essence, “you’re a nuisance, go away.” This is not just appalling, but scary, because the criminal activity that Maguire exposed is much bigger than the Madoff Ponzi scheme, and more likely to result in serious damage to the American economy. Indeed, there is a strong case to be made that our national security is at stake. As Maguire stated in a recent interview with King World radio, the manipulators have likely created a massive naked short position that can easily be exploited by foreign entities who might see financial or even political gain in eviscerating the dollar. [emphases added]

    Read the rest here: http://www.deepcapture.com/manipulat...k-the-economy/
    Last edited by zilbo79; April 02, 2010, 06:03 PM.

  • #2
    Re: Deep Capture: Manipulating Gold and Silver

    The links to the King News Interviews

    Interview with Andrew Maguire and Adrian Douglas


    Interview with GATA

    Nathan Lewis' article - It's Ponzimonium in the Gold Market

    Comment


    • #3
      Re: Deep Capture: Manipulating Gold and Silver

      Originally posted by zilbo79 View Post
      The latest case of regulatory indolence was recently exposed by Andrew Maguire, a successful metals trader and whistleblower who went to the Commodity Futures Trading Commission with data that strongly suggested that a small number of criminal short sellers had rigged the markets for silver and gold. Maguire not only provided the regulators with a Dummies’ guide to how the manipulation generally worked, but also warned them of a specific crime – a dramatic take-down of the gold and silver markets – that he said would occur at an exact time on a specific date in the near future. That is, Maguire told the regulators that a massive crime was about to happen, and the crime happened precisely as he predicted it would.

      With Maguire’s warning, the regulators were able to watch a crime unfold, right before their eyes, in real time. Then the regulators thanked Maguire by saying, in essence, “you’re a nuisance, go away.” This is not just appalling, but scary, because the criminal activity that Maguire exposed is much bigger than the Madoff Ponzi scheme, and more likely to result in serious damage to the American economy. Indeed, there is a strong case to be made that our national security is at stake. As Maguire stated in a recent interview with King World radio, the manipulators have likely created a massive naked short position that can easily be exploited by foreign entities who might see financial or even political gain in eviscerating the dollar. [emphases added]

      Read the rest here: http://www.deepcapture.com/manipulat...k-the-economy/
      sigh... deepbullshit.com desperate for traffic in a gov't $$$ recovery...

      lame.

      right up there with zerocred's capital controls fabrication last weekend.

      markets & econ bouncing after $3 trillion pumped in? who could have known?

      these nitwits need a chill pill.

      Comment


      • #4
        Re: Deep Capture: Manipulating Gold and Silver

        Given the track record of our "regulators", you believe that manipulation cannot happen on a massive scale? Do you believe our regulators are not captured by FIRE?

        Comment


        • #5
          Re: Deep Capture: Manipulating Gold and Silver

          Originally posted by zilbo79 View Post
          Given the track record of our "regulators", you believe that manipulation cannot happen on a massive scale? Do you believe our regulators are not captured by FIRE?
          you must be new here. let me catch you up.

          old farts like me here at itulip heard all this shit 10 yrs ago... gtfo of the stock market manipulation/bubble in mar 2000 & pile into gold in 2001.

          5 yrs later, here's itulip telling the 'gold bubble' morons to stfu...


          gold manipulation? are you friggin kidding me? wanna see manipulation? the fed shoveled $1trillion into the housing market last year.

          gold = sideshow

          Comment


          • #6
            Re: Deep Capture: Manipulating Gold and Silver

            Originally posted by metalman View Post
            you must be new here. let me catch you up.

            old farts like me here at itulip heard all this shit 10 yrs ago... gtfo of the stock market manipulation/bubble in mar 2000 & pile into gold in 2001.

            5 yrs later, here's itulip telling the 'gold bubble' morons to stfu...


            gold manipulation? are you friggin kidding me? wanna see manipulation? the fed shoveled $1trillion into the housing market last year.

            gold = sideshow
            You really need to get your eyesight checked.

            What do you think allows them to pump $1 Trillion into the housing market with out the dollar going "Not well".

            You see NO RELATION to the facts you describe and gold manipulation. Seriously, no relation at all, Huh?

            I think you should talk to Larry Summers. HE SEEMS TO THINK THAT IT IS IMPORTANT. (He EVEN wrote a paper on it) ;)

            http://www.nber.org/papers/w1680.pdf

            Gibson's Paradox and the Gold Standard

            Online access to NBER Working Papers denied, you have no subscription
            <table><tbody><tr><td>
            </td><td align="center"> Robert B. Barsky, Lawrence H. Summers

            NBER Working Paper No. 1680 (Also Reprint No. r1349)<sup>*</sup>
            Issued in February 1990
            NBER Program(s): EFG ME

            This paper provides a new explanation for Gibson's Paradox -- the observation that the price level and the nominal interest rate were positively correlated over long periods of economic history. We explain this phenomenon interms of the fundamental workings of a gold standard. Under a gold standard, the price level is the reciprocal of the real price of gold. Because gold is adurable asset, its relative price is systematically affected by fluctuations inthe real productivity of capital, which also determine real interest rates. Our resolution of the Gibson Paradox seems more satisfactory than previous hypotheses. It explains why the paradox applied to real as well as nominal rates of return, its coincidence with the gold standard period, and the co-movement of interest rates, prices, and the stock of monetary gold during the gold standard period. Empirical evidence using contemporary data on gold prices and real interest rates supports our theory.
            </td></tr></tbody></table>

            (which you must now pay $5 to get)
            Last edited by jtabeb; April 02, 2010, 09:34 PM.

            Comment


            • #7
              Re: Deep Capture: Manipulating Gold and Silver

              Did I say there was a gold bubble? Did the article say there was a gold bubble? The thesis of the article was that market manipulators was driving gold down and that they could use the same mechanism to drive the dollar down. Did you even bother to read it?

              Does manipulation in the housing market mean that there is no manipulation in gold?

              Comment


              • #8
                Re: Deep Capture: Manipulating Gold and Silver

                Originally posted by jtabeb View Post
                You really need to get your eyesight checked.

                What do you think allows them to pump $1 Trillion into the housing market with out the dollar going "Not well".

                You see NO RELATION to the facts you describe and gold manipulation. Seriously, no relation at all, Huh?

                I think you should talk to Larry Summers. HE SEEMS TO THINK THAT IT IS IMPORTANT. (He EVEN wrote a paper on it) ;)

                http://www.nber.org/papers/w1680.pdf

                Gibson's Paradox and the Gold Standard

                Online access to NBER Working Papers denied, you have no subscription
                <table><tbody><tr><td>
                </td><td align="center"> Robert B. Barsky, Lawrence H. Summers

                NBER Working Paper No. 1680 (Also Reprint No. r1349)<sup>*</sup>
                Issued in February 1990
                NBER Program(s): EFG ME

                This paper provides a new explanation for Gibson's Paradox -- the observation that the price level and the nominal interest rate were positively correlated over long periods of economic history. We explain this phenomenon interms of the fundamental workings of a gold standard. Under a gold standard, the price level is the reciprocal of the real price of gold. Because gold is adurable asset, its relative price is systematically affected by fluctuations inthe real productivity of capital, which also determine real interest rates. Our resolution of the Gibson Paradox seems more satisfactory than previous hypotheses. It explains why the paradox applied to real as well as nominal rates of return, its coincidence with the gold standard period, and the co-movement of interest rates, prices, and the stock of monetary gold during the gold standard period. Empirical evidence using contemporary data on gold prices and real interest rates supports our theory.
                </td></tr></tbody></table>

                (which you must now pay $5 to get)
                Thank you for stating the obvious. It needed to be said.

                Comment


                • #9
                  Re: Deep Capture: Manipulating Gold and Silver

                  Here is a link to a free pdf
                  Gibson's Paradox and the Gold Standard

                  Comment


                  • #10
                    Re: Deep Capture: Manipulating Gold and Silver

                    Originally posted by zilbo79 View Post
                    Did I say there was a gold bubble? Did the article say there was a gold bubble? The thesis of the article was that market manipulators was driving gold down and that they could use the same mechanism to drive the dollar down. Did you even bother to read it?

                    Does manipulation in the housing market mean that there is no manipulation in gold?
                    Zilbo, here is the MO here,

                    1) Take someone's post,
                    2) put a spin on the agenda to included something that was never posted and
                    3) try to make the person who posted look foolish by manipulating the point of the post.


                    Just remember..............

                    Metalman = Tool

                    Comment


                    • #11
                      Re: Deep Capture: Manipulating Gold and Silver

                      Very interesting. Thanks for this, Rajiv.

                      Comment


                      • #12
                        Re: Deep Capture: Manipulating Gold and Silver

                        Originally posted by Camtender View Post
                        Metalman = Tool
                        Toolman?:p

                        Comment


                        • #13
                          Re: Deep Capture: Manipulating Gold and Silver

                          Originally posted by zilbo79 View Post
                          The latest case of regulatory indolence was recently exposed by Andrew Maguire, a successful metals trader and whistleblower who went to the Commodity Futures Trading Commission with data that strongly suggested that a small number of criminal short sellers had rigged the markets for silver and gold. Maguire not only provided the regulators with a Dummies’ guide to how the manipulation generally worked, but also warned them of a specific crime – a dramatic take-down of the gold and silver markets – that he said would occur at an exact time on a specific date in the near future. That is, Maguire told the regulators that a massive crime was about to happen, and the crime happened precisely as he predicted it would.

                          With Maguire’s warning, the regulators were able to watch a crime unfold, right before their eyes, in real time. Then the regulators thanked Maguire by saying, in essence, “you’re a nuisance, go away.” This is not just appalling, but scary, because the criminal activity that Maguire exposed is much bigger than the Madoff Ponzi scheme, and more likely to result in serious damage to the American economy. Indeed, there is a strong case to be made that our national security is at stake. As Maguire stated in a recent interview with King World radio, the manipulators have likely created a massive naked short position that can easily be exploited by foreign entities who might see financial or even political gain in eviscerating the dollar. [emphases added]

                          Read the rest here: http://www.deepcapture.com/manipulat...k-the-economy/
                          Let's say this conspiracy nonsense is true. And there will be several downturns in the metals market based on these conspiratorial bastards. Isn't that just a good time to buy? Shouldn't we thank those crooks for giving us an opportunity to buy low?

                          This post is a complete confusion of points and anyone who has followed the metals market for a few years cannot take it seriously. It starts in paragraph one with a take down of metals and ends with the 'eviscerating' of the dollar. Gold is the anti-dollar. This post is too dumb to address in the specific.

                          Silver brought down the financial system. Silver. Really? That is one of the dumbest things I've ever heard. So silver and gold brought it down. Really? Do these idiots understand that the world financial system could suck up all the silver and gold in the world and not even notice the ownership? It's a side bet, a wager for amusement.

                          Wow, bigger than Madoff? Do we really care? Are we now comparing Madoff to the world financial system? Madoff screwed his friends. Sure it was big on the ponzi scheme scale but Madoff was nothing. Madoff was a rat who took a ride on the criminal side of the world financial markets.

                          Here's how it works. During a bull market, metals mostly go sideways, then they go up very fast, especially silver. When they do, sell some because they'll most likely go down again. Then buy more and hold it. Repeat.

                          Or take the iTulip approach. Buy it when it's lower and just hold until say 2020. Easy enough. Who cares about this nonsense.

                          Comment


                          • #14
                            Re: Deep Capture: Manipulating Gold and Silver

                            Originally posted by santafe2 View Post
                            Let's say this conspiracy nonsense is true. And there will be several downturns in the metals market based on these conspiratorial bastards. Isn't that just a good time to buy? Shouldn't we thank those crooks for giving us an opportunity to buy low?

                            This post is a complete confusion of points and anyone who has followed the metals market for a few years cannot take it seriously. It starts in paragraph one with a take down of metals and ends with the 'eviscerating' of the dollar. Gold is the anti-dollar. This post is too dumb to address in the specific.

                            Silver brought down the financial system. Silver. Really? That is one of the dumbest things I've ever heard. So silver and gold brought it down. Really? Do these idiots understand that the world financial system could suck up all the silver and gold in the world and not even notice the ownership? It's a side bet, a wager for amusement.

                            Wow, bigger than Madoff? Do we really care? Are we now comparing Madoff to the world financial system? Madoff screwed his friends. Sure it was big on the ponzi scheme scale but Madoff was nothing. Madoff was a rat who took a ride on the criminal side of the world financial markets.

                            Here's how it works. During a bull market, metals mostly go sideways, then they go up very fast, especially silver. When they do, sell some because they'll most likely go down again. Then buy more and hold it. Repeat.

                            Or take the iTulip approach. Buy it when it's lower and just hold until say 2020. Easy enough. Who cares about this nonsense.
                            points addressed per bolded text
                            1. depends on if they can keep this thing going indefinitely (or longer than those who hold/buy PM care). Further more, wouldn't you rather get a fair price than a manipulated one (even if that means more expensive to buy)?

                            2. Would you be so kind to post what sets the silver/gold price? Is it trading in actual physical gold, or is the price heavily influenced by supply/demand for paper silver/gold? Should it be?
                            What about those huge short positions that JPM and HSBC have? Are those legitimate short positions? How much bullion do they have to possess such huge short positions?

                            Although I'm not blindly believing any claims of manipulation, based on the claims I'd tend to listen seriously to some of the manipulation arguments. Especially when you look at the history of gold market manipulation by governments/central banks (a lot of papers saying this much have been declassified already).

                            I'd consider the possibility that these governments and central banks do think that PM manipulation is necessary to keep our fiat currency regime erect; depending on what is required to do, they'll keep it going. At one time in history, confiscation/ban on private ownership was done (was it needed?). Which scenarios are possible? Are they all good for private holders of gold/silver?
                            Last edited by FrankL; April 03, 2010, 02:22 AM.
                            engineer with little (or even no) economic insight

                            Comment


                            • #15
                              Re: Deep Capture: Manipulating Gold and Silver

                              Originally posted by Rajiv View Post
                              Good interviews, especially the Andrew Maguire one. Thank you for posting them.

                              Comment

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