We have another view - from Europe this time - on the ongoing Gold manipulation, its mechanics and the motivations behind it. UK financial authorities have launched the investigations in the Gold market manipulations now. We do not hold our breath here, but hope that they will get at least this information for consideration.
Manipulation is conducted on everyday basis with the aim to drive the Gold fixing price in London down and get access to physical Gold, which could be sold at a premium at the next trading day in Asia. "This arbitrage" was a normal source of profit for LBMA banks, but now starting from April of this year we have the additional waterfall smashing of Gold in order to manipulate the QE inflation expectations in the market. As ZeroHedge has reported today:
"Shortly after 1amET this morning, someone with no apparent fiduciary duty to their client's for best execution or any apparent trade allocation expertise decided it was time to dump 1500 contracts into an entirely illiquid gold futures market. The 150,000 ounce notional sell order ($184.5 million), captured graphically by Nanex, sent the price down $10 instaneously, tripped the exchange's circuit breakers and halted the market's trading for 20 seconds (once again). This is now the 4th market halt in the past 3 months (and this time on no news whatsoever), as the manipulative monkey-hammerings from who knows whom (BIS?) is becoming increasingly obvious."
"On behalf of Matterhorn Asset Management Zurich, Lars Schall met up with Munich based quantitative market research analyst and author Dimitri Speck. Dimitri also serves as a consultant to the US-based Gold Antri-Trust Action Committee (GATA).In Part 1 (16 minutes) of this excellent interview Dimitri explains in detail what the effect of agreements between the FED, other central banks and bullion banks has been during the past 20 years. And why the original motivation to suppress the gold price was to lower the inflation expectations of the people and therewith directly also support bond prices as well as maintaining a relatively strong US currency in the process."
"Why The System is so concerned now with its exposure of the Gold and Silver market manipulation? We continue to dig out the available information for your own conclusion. Chris Powell provides very simple explanation - these markets are manipulated by the Government agents themselves.
Infamous PPT comes to light in this conversation as well - under the law Exchange Stabilisation Fund is exempt from the Freedom Information Act and any market supervising at all."
Peter Schiff: On Taper, China's Bombshell Announcements For Treasuries, Dollar And Gold GLD, MUX, TNR.v, GDX
"Peter Schiff talks about the bombshell of the year - China has announced the Mother Of All Tapering - PBOC Says No Longer in China's Interest to Increase Reserves. China is ready to reduce its balance sheet and they do not have to sell any US Treasuries - during the operation Twist they have used the golden opportunity and rolled over the long term treasuries into the shorter maturities. China can just allow US to repay maturing US Treasuries. We do not think here that they will accept Bitcoin. They have made this announcement after the record buying of Gold and some people are estimating that official Gold reserves are much higher than officially recognised today."