re: Gold Up $23.60 Today

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I am still waiting for you to post your 12 NYSE stock picks for the next 12 months.

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I'll do it as soon as you admit that you wrote last February that gold would be $35/oz within one year, per my signature quote. Otherwise, you can't be trusted for anything.

'Can you provide even the smallest evidence who is shorting gold? And by 'evidence' I don't mean one of your man-crush bloggers.'

Unfortunately I am not the attorney general of the US and do not have subpoena powers, not that it would benefit me if I did for the Fed/treasury are now exempt from the rules that govern the remainder of Main St America...most of their actions are more secretive than are nuclear weapons. So, no I cannot provide the proof but I can provide a body of evidence that has been collected over many decades to show absolute proof of control of gold prices by central banks incluning and especially the Fed and the US government...and it is the work of many people submitting freedom of information requests and bringing lawsuits against gold price manipulators...

FOMC meeting minutes... 1-31-95 LINK

'The gold price suppression scheme was a matter of public record in July 1998, six months before GATA was formed, when Federal Reserve Chairman Alan Greenspan told Congress: "Central banks stand ready to lease gold in increasing quantities should the price rise." That is, Greenspan himself, supposedly the greatest among the central bankers, contradicted the usual central bank explanation for leasing gold -- which was supposedly to earn a little interest on a dead asset -- and admitted that gold leasing is all about suppressing the price. Greenspan's admission is still posted at the Fed's Internet site: testimony of A Greenspan 7-24-98...

LINK

'Incidentally, while we gold bugs love to cite Greenspan's testimony from 1998 because of its reference to gold leasing, that testimony was mainly about something else, for which it is far more important today. For with that testimony Greenspan persuaded Congress not to regulate the sort of financial derivatives that lately have devastated the world financial system.'

LINK /

'Barrick Gold, then the largest gold-mining company in the world, confessed to the gold price suppression scheme in U.S. District Court in New Orleans on February 28, 2003. That is when Barrick filed a motion to dismiss Blanchard & Co.'s anti-trust lawsuit against Barrick and its bullion banker, JPMorganChase, for rigging the gold market.

Barrick's motion claimed that in borrowing gold from central banks and selling it, the mining company had become the agent of the central banks in the gold market, and, as the agent of the central banks, Barrick should share their sovereign immunity and be exempt from suit. Barrick's confession to the gold price suppression scheme is posted at GATA's Internet site:

LINK

'The Reserve Bank of Australia confessed to the gold price suppression scheme in its annual report for 2003. "Foreign currency reserve assets and gold," the Reserve Bank's report said, "are held primarily to support intervention in the foreign exchange market." The bank's report is still posted at its Internet site:

LINK

'Maybe the most brazen admission of the Western central bank scheme to suppress the gold price was made by the head of the monetary and economic department of the Bank for International Settlements, William S. White, in a speech to a BIS conference in Basel, Switzerland, in June 2005.

There are five main purposes of central bank cooperation, White announced, and one of them is "the provision of international credits and joint efforts to influence asset prices (especially gold and foreign exchange) in circumstances where this might be thought useful." White's speech is posted at GATA's Internet site:

LINK

'"And last, the provision of international credits and joint efforts to influence asset prices (especially gold and foreign exchange) in circumstances where this might be thought useful."

That is, central banks collaborate -- and since they do so in secret, it may be said that they conspire -- to rig the gold and currency markets. To use White's word, the central banks collaborate "especially" to rig the gold and currency markets.

Thankfully White did not accuse those who read his speech of being "conspiracy nuts." We still have Dennis Gartman, Tim Wood, and a few others for that, even if their band is rapidly diminishing.

Interestingly, among those listed as having attended the BIS conference on central bank cooperation and presumably in the audience for White's speech was Edwin M. Truman, a senior fellow at the Institute for International Economics and a former Federal Reserve official who, as assistant secretary of the U.S. Treasury Department, kept a close eye on the delegation GATA sent to visit members of Congress in Washington in May 2000 and who was in charge of denying to everyone then that the U.S. government had anything to do with a scheme to suppress the gold price. Truman seems to have survived any shock that White's speech may have caused him:

LINK

...and, I have plenty more on specific commodities desks.

But your real problem is the same as Ben's real problem. Gold is the only real competitor that the dollar has had, ever, and now the dollar is getting run over by real money...gold! Ben was so dumb when he made the famous 'helicopter speech' that he failed to realize that real people would see what dollar printing would do and run to a real safe asset. Not paper assets but the real thing, gold. What is Ben's next move, WHOGAS?

BTW, I know that you will not read the links that I provided but perhaps someone that visits this board will. One at a time is good enough for me. You are a lost cause, too far into your Keynesian fantasy world to get out. Too bad for you.

*WHOGAS is too chickenshit to call 12 NYSE stock winners for the next 12 months*

Hey moron, gold manipulation goes back much further than 95 and is still being attempted but with less success as can be seen in the run up of gold.

Gold suppression began when the first government that issued coinage debased it's own coinage. It's nothing new.

You act as if this comes as a total surprise. Are you ignorant of history?

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good gawd

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Thanks for playing....

ETA: can you provide any proof of who is shorting gold? And please make the data more recent than almost 15 years ago....

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Many of the links are in the 21st century.

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But NONE of the links you gave provide any information about who is* shorting gold.........moron. That is the question I asked you.

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Can you provide even the smallest evidence who is* shorting gold?

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I have my answer. The answer is NO, you can't.....

* Do you need the definition of "is"?

BTW, one of the links you posted doesn't work. It gives an error message. Nice job.....

Chicken, you need to save these threads, they have to be worth something for research. I'm pretty sure you're seeing some disintegrate into senility. That has to be worth something.

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Who the hell do you think is holding the enormous short positions?

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That's what I keep asking you to provide some documentation on. I don't know who has short gold positions. I think it would be interesting to learn, although shorting gold is certainly not illegal.

Do you think the Federal Reserve is shorting gold?

I did an excellent job of defending my links. You are simply to lazy to read the information I posted and instead dismissed it out of hand...which is what you always do with any info posted by anyone that you do not want to hear.

Why do you do this? Because you are paid to spred the 'green shoots' word for the US Gov. It is obvious to many and becoming obvious to the rest.

You are a Whore For Government Stats...or, WHOGAS for short.

"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.

This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard."

...By Alan Greenspan

Here you go WHOGAS...I had no clue that you were so ignorant of the COT reports and where on the internet they could be found. For a self proclaimed 'international banker' you seem to have a difficult time finding any economic data on the internet. Thats ok, I understand your predicament...you dont know shitz from shinola but you have many on this board convinced that you do...and now you must keep up the pretense. You are on that slippery slope where all liars eventually find themselves. I will be glad to find more data for you, just ask.

In addition to the commentary I have provided links to COT positions below...

'In my daily conversation with Ted Butler, he broke the numbers down even further. '4 or less' bullion banks are short 63,383 Comex silver contracts... which is 97.6% of the entire net short position of 65,426 contracts. '8 or less' traders are short 76,168 Comex silver contracts, which represents a stunning 116% of this same short position. And the most grotesque number of all [when you take out all the market-neutral spread trades] is that JPMORGAN, ALL BY ITSELF, IS SHORT ABOUT 40% OF THE ENTIRE COMEX SILVER MARKET!!! The full-colour COT graph for silver is linked here.' caps mine, links below...

In gold, the bullion banks increased their net short position by another 14,062 contracts. Only by purchasing 4,493 long positions did the bullion banks save themselves from the notoriety of being net short over 30 million ounces of gold at the end of this reporting period. Their new net short position [as of Tuesday] was 295,926 contracts... or 29.6 million ounces of gold. The '4 or less' bullion banks are short 19.6 million ounces of that... and the '8 or less' bullion banks are short 27.0 million ounces of gold... or 91.2% of the entire net short position. The full-colour gold COT report is linked here... and is a sight to behold.'

COT gold link... LINK

COT silver link...
LINK

link... LINK

' It's obvious you are extremely envious of my international banking experiences'


You couldn't run a branch outlet of a small regional bank, much less have input into decisions at the international banking level. How many languages do you speak? Do you speak technical Chinese fluently? Do you speak technical Mandarin fluently? How would you proceed to clear a currency swap between the Fed and the ECB? What would your routing sequence require? I am dying to hear your answers!

Hey numbnuts, I just provided you the links. You can't figure out who the commercials are? The 'under 8s' and 'under 4s'...duh... You are even dumber than I thought or you simply do not want to admit that there are only a few Wall St banks with enough capital to hold those enormous positions in shorts. Where did the Wall St bankers get the dollars to hold their positions?...duh