Is there a way to turn the tables, score one for the little guy, and make money from the manipulation of the gold price? I believe it can happen with The Commodity Code, but first, here’s a little background to the story, and what’s happening in the news at the moment especially after the LIBOR scandal breaking:
Mark O’Byrne writing yesterday on GoldCore had this to say: “Similarly, the gold market has the appearance of a market that is a victim of “financial repression. Given the degree of risk in the world – it is arguable that gold prices should have surged in recent months and should be at much higher levels today. The gold market has all the hallmarks of LIBOR manipulation but as usual all evidence is ignored until official sources acknowledge the truth. However, like LIBOR the gold manipulation ‘conspiracy theory’ is likely to soon become conspiracy fact. “
Thomas Pascoe writing in The Telegraph says, “As with everything in economics, there is a correctional market mechanism for this scenario – the flight to commodities, particularly precious metals like gold. Gold holds its value when paper money loses value, because it is beyond the gift of the government to simply will gold into being and give it to friends in high places or voters in low ones.
If gold has been manipulated downwards and if that process continues, then all recourse to a store of value (other than land and property) has been taken from the individual.”
Liza Jansen in CNBC reported that Chris Powell, Secretary and Treasurer of the Gold Anti-Trust Action Committee told CNBC in June that “as central banks are interested in supporting government bonds and the dollar and keeping interest rates low, they continue to manipulate the gold market“.
And it makes this video of Bill Murphy of GATA Reveals Whistle-Blower in Gold Price Suppression all the more poignant.
Will the gold price now go to its natural value now that the manipulation is coming to fore and and can you take advantage of this to build your wealth.
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Gold Market Manipulation Issue Seeping into Polite Company (americafirstsite.com) Commentary concurring that the gold market is or is probably manipulated by central banks for the same reasons the LIBOR interest rate was manipulated is turning up frequently now. Jan Skoyles of The Real Asset Co. today notes, as GATA has been doing for a while, that the current manipulation just continues in secret the central bank manipulation.
LIBOR Manipulation Leads To Questions Regarding Gold Manipulation (sgtreport.com) from Gold Core, via Zero Hedge : A lack of transparency, a lack of enforcement of law and a compliant media which failed to ask the hard questions and do basic investigative journalism led to the price fixing continuing and the manipulation continuing unchecked on such a wide scale for so long – until it was exposed recently.
Things That Make You Go Hmmm – Such As The Transition From Conspiracy Theory To Conspiracy Fact (zerohedge.com) From Grant Williams, author of Things That Make You Go Hmmm. Attempts to manipulate free markets invariably end badly – after all, they are, supposedly, by their very nature, free. Over the past few weeks, the exposure of the Libor-rigging scandal has monopolized the headlines.
The Gold Manipulation ‘Conspiracy Theory’ is About to Become ‘Conspiracy Fact’ (wealthwire.com) This latest price weakness is confusing many market participants and causing further jitters to some owners of gold. Our conversations with people in the industry and our own experience makes us confident that this is another paper driven sell off drive primarily by speculative, leverage interests on the COMEX.
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