Gold manipulation

Discussion in 'Gold' started by JulieW, Jan 29, 2018.

  1. JulieW

    JulieW Well-Known Member Silver Stacker

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    a number of traders - currently or formerly employed by UBS, HSBC and Deutsche Bank (as usual, no JPMorgan US banks were touched) - would be perp-walked and charged in an unprecedented cross-agency crackdown between the CFTC, DOJ and FBI seeking to punish spoofers of futures. This was confirmed moments ago by a CFTC press release which announced criminal and civil enforcement actions against three banks and six individuals involved in commodities fraud and spoofing schemes.

    Here is what got far less publicity: it wasn't just any futures that were spoofed - all the banks and traders busted were charged for spoofing the precious metals market, i.e. gold and silver. We bring this up because there are still the occasional idiots out there who say gold and silver were never manipulated.

    The banks in question, and their penalties:


    More at:
    https://www.zerohedge.com/news/2018...o-were-just-arrested-manipulating-gold-market
     
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  2. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Email Bron, Keith Weiner, Peter Hug, Koos, Moriaty, Jeff Christian and all the other system apologists and goons - who always say there is no price manipulation - I call BS. Now they have it - all I hear is crickets. If there prices are manipulated why pay these goons big bucks to make up BS stories and give you advice. Plotting the charts and the cup and saucer or the head and shoulders etc all BS. They know squat as it is clear the banks and their mates control prices .... for now but like all good things that wont last forever. The more they are exposed and people shine the light of day and truth on this the more uncomfortable for these criminals and the more likely they will get out of the metals market.
     
    Last edited: Jan 30, 2018
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  3. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    [​IMG]
     
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  4. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Oh please BB pull the other one. The banks are manipulating the metals market up ??? Of course its price suppression. We see it every day with regular massive dumps of naked short contracts, Manipulation of the $/Yen ratio that allows them to hedge their short position in gold. There is a perfect correlation of the gold price to the $/Yen ratio - co-incidence no way. Every commodity is racing up except gold and silver why ? because the banks are manipulating it up -BS. Please tell me another story I grow tired of this one.
     
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  5. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Look at this graph of the control of the largest 8 traders in Silver. This is not manipulation is it ? The largest 8 traders control over 6 months of silver production that is not a cartel is it ? How does that compare with other commodities - this is complete and utter control of the silver market by JPM and their mates - show me the evidence that this is not so ?

    [​IMG]
     
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  6. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    BB I am not getting into a argument with you as we all understand how the game is played and the goons that set themselves up as experts like those mentioned above are simply playing a game at our expense. Paper contracts without any metal backing are naked. The banks expand open interest thereby expanding metal "supply". you expand supply and you drive down price - simple.... The bullion banks create as much open interest as they want without having the metal backing. As almost no one stands for delivery it matters not. Open interest in gold is massive and the comex has almost no registered reserves. Of course we know about the swaps they do in London to then reduce OI without impacting the COMEX. Let me explain. The banks do what is called EFP and as of the last 2 months, the total amount of contracts shifted off of Comex and "Exchanged For Physical" over that time is 465,559. Let the sheer magnitude of just that number sink in for a moment. Now consider that 465,559 contracts represents 46,555,900 troy ounces or 1,420 METRIC TONNES.

    Next, do some maths and realize that that's an annual run rate of 8,520 METRIC TONNES. Then, let me remind you that the ENTIRE LBMA system holds just 7,449 metric tonnes, the vast majority of which is owned by the Bank of England. They simply move the contracts off the Comex and swap them elsewhere. One has problems grasping the magnitude of this fraud.

    But in reality those experts like Bron and Weiner tell us its all above board and there is no price suppression - we should all believe them because they are so so smart. The good news is that with the US$ puking and interest rates rising the days of their manipulation and price suppression are drawing to an end. That end will be spectacular, that I assure you. The pressures in this fraudulent market grow daily and this year or next will see some serious changes.
     
    Last edited: Jan 30, 2018
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  7. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    "Spoofing" is not price suppression.
     
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  8. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    BB!
    To consider this logic would invalidate the fundamental assertion that their price suppression theory is based on!
    SSSSHhhhhhhhh!!! someone might see through the Zerohedge BS. :eek:

    But we are the "goons". o_O
     
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  9. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Hey ass&$&@ I thought you would keep out of my posts clearly your word is as screwed up as your intellect. Anyway wouldnt expect any less of you. Love your fact based argument - superb .
     
  10. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    JP Morgan Chase and HSBC control vast amounts of gold and silver via holdings in their COMEX warehouses and ETF custodial arrangements.
    JP Morgan is the largest COMEX hoarder of silver and custodian of the largest silver ETF.
    HSBC is the largest COMEX hoarder of gold and custodian of the largest gold ETF.


    Why do you think they are the most active hedging their position in the market?... you fkn Einstein.
     
  11. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Couldn't resist this post... based on "Zerohedge fact". :confused:;)
     
  12. JulieW

    JulieW Well-Known Member Silver Stacker

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    From jsmineset.com - Bill Holter:

     
  13. JOHNLGALT

    JOHNLGALT Well-Known Member

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  14. JOHNLGALT

    JOHNLGALT Well-Known Member

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  15. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Holter is a liar, and knows less than Zerobrains about how markets work... Bron and others have proved that numerous times in the past.
    If you are going to quote commentators for your reference information, make sure to use credible commentators to ensure you don't look silly.
     
  16. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    A man you can trust - little Weiner looks like the guy below Mo


    96B5A186-09BC-4CCB-8B18-6196AA2F89AC.png
     
  17. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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  18. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    I read the comments.... he was laughed at by those who could not provide one logical argument, or shred of evidence to the contrary.
    Just "belief" of what they want to believe.
    Like this gem:
    :p
     
  19. JOHNLGALT

    JOHNLGALT Well-Known Member

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  20. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Haha!
    You should enter that into the comments on Weiner's article... it would fit right in. :)
     
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