Western Central Banks Suppressing Price of Gold As China Preparing for the Demise of the Dollar GLD, MUX, TNR.v, GDX

About Our Guests:

BILL MURPHY: Chairman and Director of the Gold Anti-Trust Action Committee (http://GATA.org). Murphy grew up in Glen Ridge, N.J., and graduated from the School of Hotel Administration at Cornell University in 1968. In his senior year he broke all the Ivy League single-year pass-receiving records. He then became a starting wide receiver for the Boston Patriots of the American Football League. He went on to work for various Wall Street brokerage firms and specialized in commodity futures. He began as a Merrill Lynch trainee and went on to Shearson Hayden Stone and Drexel Burnham. From there he became affiliated with introducing brokers and eventually started his own brokerage on 5th Avenue in New York. He now operates an Internet site for financial commentary, http://LeMetropoleCafe.com.

ALASDAIR MACLEOD: Head of Research at GoldMoney (http://GoldMoney.com).
Macleod first became a stockbroker in 1970 and a Member of the London Stock Exchange in 1974. His experience encompasses equity and bond markets, fund management, corporate finance and investment strategy. After 27 years in the City he moved to Guernsey, where he advised a variety of offshore institutions as a consultant, becoming an executive director for an offshore bank in Guernsey and Jersey. For most of his 40 years in the finance industry, Macleod has been de-mystifying macro-economic events for his investing clients. The accumulation of this experience has convinced him that unsound monetary policies are the most destructive weapon governments use against the common man. Accordingly, his mission is to educate and inform the public in layman's terms what governments do with money and how to protect themselves from the consequences. Macleod can be found online at: http://FinanceAndEconomics.org

 We continue to investigate the recent manipulations in Gold market and building piece by piece our big picture with the ongoing groundbreaking geopolitical  processes. Bill Murthy from GATA and Alasdar Macleod are sharing their deep knowledge of the Gold market and industry with us today.

Eric Sprott's Open Letter To The World Gold Council GLD, MUX, TNR.v, GDX

  ZeroHedge has published Eric Sprott's open letter to The World Gold Council. Coupled with his recent interview we can see the much stronger demand, particularly, from China for Gold.

September Nonfarm Payrolls Huge Miss - Gold Spikes Up, Data Leaked Again GLD, MUX, TNR.v, GDX

"We have September Nonfarm Payrolls with the Huge Miss and Gold Spikes Up immediately. Data was leaked yearly again with Gold printing:

+$5 at 8.28 and 

+$18 at 8.33

  

  "Cowboys" shorting the Gold market, according to Eric Sprott, must be in a serious trouble now. The yearly trade on October 15th has amounted to 640 million and Gold was Sold at 1270 - 1250 levels. Now with CFTC out of hibernation can we expect at least some kind of investigation?

  There are more and more calls about the US Dollar loosing its Reserve Currency of Choice status now. Default was avoided, but the damage is done.
  All FIAT currencies are based on trust. The geopolitical shift is making its way to mass media and we are witnessing the groundbreaking developments in the Gold market. Nobody can manipulate it all the time and China will be busy writing "Thank You Cards" to the FED and related Cartel members at LBMA and BIS, buying all the physical Gold available for Delivery at this levels.

  We can forget about the Taper until mid 2014 now and Janet Yellen will be following the new FED's playbook written by Michael Woodford. Peter Schiff has dissected for us this situation very well."