Gold Cartel Acting like a Cornered Rat
Andy Hoffman
As you know, on Thursday the CFTC had its sham meeting to discuss position limits on COMEX metals trading, basically in response to years worth of inquiries by gold and silver investors. The panel was chock full of liars, thieves, and general Cartel
sympathizers, with only three exceptions, one being Bill Murphy, the head of GATA (Gold Anti-Trust Action Committee) and basically the global leader in the fight against gold/silver manipulation (think Martin Luther King Jr., Gandhi, etc.).
To start, a week before the hearing it was announced that the CFTC had a fire in the room where its gold and silver records are held. No further information as to what kind of damage occurred was released.
Secondly, during the six-hour hearing, the only time the live video feed went down was from one minute before Bill Murphy spoke until one minute afterward (you can’t make this stuff up). Then, when he was finally asked a question by the panel (most questions were directed to the liars and thieves), the audio mysteriously went out until right at the end of his answer.
Next, when asked for some hard proof of the manipulation, he released a well-guarded bombshell from a whistleblower that had been sending (ignored) emails to the CFTC explaining how JP Morgan traders were rigging the gold market and then bragging about it. The whistleblower, a London metals trader named Andrew McGuire, had some quite damning evidence against the Cartel, and not surprisingly the CFTC panel asked nothing else about it.
>http://www.gata.org/node/8477
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Normally, I’m not one to jump to conclusions, but never in my life have I been so sure that these events are all connected in a desperate attempt to silence the rising competition. The Cartel is on its last legs, and when they finally go down we will see many, many changes in our lifestyles. The price of gold is only a small part of the equation, but will likely serve as a focal point to ignite global recognition of the destruction monetary printing is doing to the global financial system. Oh, and one final thing. Remember the supposed 190 tonnes of IMF gold that the Cartel keeps trying to use as a tool to strategically attack the price of paper gold with (by continuing to threaten to dump it on the market). Well it looks like late Friday afternoon one of the world’s premier gold investors, Eric Sprott of Canada, made a bid for it and was refused (see below). Personally, I don’t believe the gold exists, and that the other 212 tonnes bought late last year by India, Sri Lanka, and Mauritius amounted to nothing more than an accounting book entry. But even if it does exist (a piddling $6 billion worth, by the way, as much debt as the U.S. incurs in a few hours), it obviously won’t be sold at these prices. Get ready for a much, much higher gold price, and with it all the negative impacts on our lives that will accompany it. PROTECT YOURSELF! Andy http://agoracom.com/ir/ECU/forums/discussion/topics/411008-gold-cartel-acting-like-a-cornered-rat/messages/1354164 |
March 30, 2010