Gold Manipulation officially confirmed.

[PeacePlan]

Thanks, guys. What about the strange coincidences surrounding this story, like the technical problems with broadcasts, fires at the CFTC, the hit-and-run on Andrew Maguire, etc.? Should we consider those rumors or substantiated facts? I'm sorry if I sound lazy, but I know you guys are much more on top of this.

As far as the implications go...
Do you guys concur with the article about it making the sub-prime crisis look like peanuts? Physical silver and gold have gone up, but if this bombshell is as big as it sounds, they haven't shot up nearly enough for the long-term ramifications of this to be anywhere near reflected in the price. tmosley, you mentioned in a thread about two weeks ago - warning us about this - that you were buying with both hands. What are your projections on gold and silver prices? More importantly, how much do you expect this to affect international confidence in the dollar in particular?

I say the broadcasts, fire and accident are suspicious but we will never find out for sure?

As far as what the price of Gold/Silver will go to is all a guess. Could explode reach much higher prices than you expect? I don't know what level they will reach and no one does. We have been in a 10 year bull market and I don't see any signs of manic buying yet that would signal maybe this is over. Fundamentals all point to higher prices supply - demand. I buy it because it is an investment that I hold and can't be destroyed - if we do get that explosion of prices all the better for me.

 

[Original_Intent]

No worries. Comex and NYmex will be declared too big to fail and the Fed will just print them up some more gold.

..oh wait...

 

[TCE]

I would have expected the gold price to jump more than it has. I doubt this is an isolated incident. Seems more like a bread crumb leading to more bread crumbs. Obviously the next thing that needs to happen is China admitting that it has been filling its vaults with real gold. Wonder what YumYum's doing right now...

 

[fj45lvr]

I don't think you read the extent of the manipulation...

I think he's being hilariously sarcastic!! it was funnier than hell from one manipulated market to another (owned by the same guys no doubt).

 

[fj45lvr]

I say the broadcasts, fire and accident are suspicious but we will never find out for sure?

As far as what the price of Gold/Silver will go to is all a guess. Could explode reach much higher prices than you expect? I don't know what level they will reach and no one does. We have been in a 10 year bull market and I don't see any signs of manic buying yet that would signal maybe this is over. Fundamentals all point to higher prices supply - demand. I buy it because it is an investment that I hold and can't be destroyed - if we do get that explosion of prices all the better for me.

if the paper gold market is really fractional reserve at 100 to 1 ratio, you can bet the family farm that there is going to be some big-time movement...we're just waiting on rich foreigners to make their move... who doesn't like the fact that foreign business interests and governments are going to be able to topple the "house of cards"??

 

[wgadget]

if the paper gold market is really fractional reserve at 100 to 1 ratio, you can bet the family farm that there is going to be some big-time movement...we're just waiting on rich foreigners to make their move... who doesn't like the fact that foreign business interests and governments are going to be able to topple the "house of cards"??

But Timmy G and Paulson are now traveling the globe trying to cover their arses...right?

 

[Merk]

No worries. Comex and NYmex will be declared too big to fail and the Fed will just print them up some more gold.

..oh wait...

They could just bail them out with the gold in Ft. Knox.

..oh wait...

 

[The Freethinker]

I said screw it...I just bought 10grand more PMs from APMEX - on top of what I already have.

A mere pittance, make no mistake but it makes me feel all giddy inside everytime I do it.

This is a time one definitely should have PMs.

 

[Zippyjuan]

So the same guy at GATA who is making the claims about the gold market being manipulated is the source confirming it?

 

[PeacePlan]

So the same guy at GATA who is making the claims about the gold market being manipulated is the source confirming it?

No it is Andrew Mcguire a floor trader in London that is confirming what Bill Murphy and many others have been saying for years. They finally have an inside man (whistleblower) confirming it. They also have someone who went into the vaults of the bank that is supposed to be holding all the COMEX gold and silver and said there was almost nothing there..

 

[ctiger2]

So the same guy at GATA who is making the claims about the gold market being manipulated is the source confirming it?

No, Andrew Maquire isn't affiliated with GATA. He contacted GATA's Adrian Douglas.

http://www.kingworldnews.com/kingwo...10/3/30_Andrew_Maguire_&_Adrian_Douglass.html

 

[paperplane]

No it is Andrew Mcguire a floor trader in London that is confirming what Bill Murphy and many others have been saying for years. They finally have an inside man (whistleblower) confirming it. They also have someone who went into the vaults of the bank that is supposed to be holding all the COMEX gold and silver and said there was almost nothing there..

soooo... its not in the other room???