Best of the Week
Most Popular
1. Stock Markets and the History Chart of the End of the World (With Presidential Cycles) - 28th Aug 20
2.Google, Apple, Amazon, Facebook... AI Tech Stocks Buying Levels and Valuations Q3 2020 - 31st Aug 20
3.The Inflation Mega-trend is Going Hyper! - 11th Sep 20
4.Is this the End of Capitalism? - 13th Sep 20
5.What's Driving Gold, Silver and What's Next? - 3rd Sep 20
6.QE4EVER! - 9th Sep 20
7.Gold Price Trend Forecast Analysis - Part1 - 7th Sep 20
8.The Fed May “Cause” The Next Stock Market Crash - 3rd Sep 20
9.Bitcoin Price Crash - You Will be Suprised What Happens Next - 7th Sep 20
10.NVIDIA Stock Price Soars on RTX 3000 Cornering the GPU Market for next 2 years! - 3rd Sep 20
Last 7 days
Trump and Coronavirus Pandemic Final US Catastrophe 2021 - 19th Jan 21
How To Find Market Momentum Trades for Explosive Gains - 19th Jan 21
Cryptos: 5 Simple Strategies to Catch the Next Opportunity - 19th Jan 21
Who Will NEXT Be Removed from the Internet? - 19th Jan 21
This Small Company Could Revolutionize The Trillion-Dollar Drug Sector - 19th Jan 21
Gold/SPX Ratio and the Gold Stock Case - 18th Jan 21
More Stock Market Speculative Signs, Energy Rebound, Commodities Breakout - 18th Jan 21
Higher Yields Hit Gold Price, But for How Long? - 18th Jan 21
Some Basic Facts About Forex Trading - 18th Jan 21
Custom Build PC 2021 - Ryzen 5950x, RTX 3080, 64gb DDR4 Specs - Scan Computers 3SX Order Day 11 - 17th Jan 21
UK Car MOT Covid-19 Lockdown Extension 2021 - 17th Jan 21
Why Nvidia Is My “Slam Dunk” Stock Investment for the Decade - 16th Jan 21
Three Financial Markets Price Drivers in a Globalized World - 16th Jan 21
Sheffield Turns Coronavirus Tide, Covid-19 Infections Half Rest of England, implies Fast Pandemic Recovery - 16th Jan 21
Covid and Democrat Blue Wave Beats Gold - 15th Jan 21
On Regime Change, Reputations, the Markets, and Gold and Silver - 15th Jan 21
US Coronavirus Pandemic Final Catastrophe 2021 - 15th Jan 21
The World’s Next Great Onshore Oil Discovery Could Be Here - 15th Jan 21
UK Coronavirus Final Pandemic Catastrophe 2021 - 14th Jan 21
Here's Why Blind Contrarianism Investing Failed in 2020 - 14th Jan 21
US Yield Curve Relentlessly Steepens, Whilst Gold Price Builds a Handle - 14th Jan 21
NEW UK MOT Extensions or has my Car Plate Been Cloned? - 14th Jan 21
How to Save Money While Decorating Your First House - 14th Jan 21
Car Number Plate Cloned Detective Work - PY16 JXV - 14th Jan 21
Big Oil Missed This, Now It Could Be Worth Billions - 14th Jan 21
Are you a Forex trader who needs a bank account? We have the solution! - 14th Jan 21
Finetero Review – Accurate and Efficient Stock Trading Services? - 14th Jan 21
Gold Price Big Picture Trend Forecast 2021 - 13th Jan 21
Are Covid Lockdowns Bullish or Bearish for Stocks? FTSE 100 in Focus - 13th Jan 21
CONgress "Insurrection" Is Just the Latest False Flag Event from the Globalists - 13th Jan 21
Reflation Trade Heating Up - 13th Jan 21
The Most Important Oil Find Of The Next Decade Could Be Here - 13th Jan 21
Work From Home £10,000 Office Tour – Workspace + Desk Setup 2021 Top Tips - 12th Jan 21
Collect a Bitcoin Dividend Without Owning the King of Cryptos - 12th Jan 21
The BAN Hotlist trade setups show incredible success at the start of 2021, learn how you can too! - 12th Jan 21
Stocks, Bitcoin, Gold – How Much Are They Worth? - 12th Jan 21
SPX Short-term Top Imminent - 12th Jan 21
Is This The Most Exciting Oil Play Of 2021? - 12th Jan 21
Why 2021 Will Be the Year Self-Driving Cars Go Mainstream - 11th Jan 21
Gold Began 2021 With a Bang, Only to Plunge - 11th Jan 21
How to Test Your GPU Temperatures - Running Too Hot - GTX 1650 - Overclockers UK - 11th Jan 21
Life Lesson - The Early Bird Catches the Worm - 11th Jan 21
Precious Metals rally early in 2021 - 11th Jan 21
The Most Exciting Oil Stock For 2021 - 11th Jan 21
Financial Market Forecasts 2021: Navigation in Uncharted Waters - 10th Jan 21
An Urgent Message to All Conservatives, Right-Wingers and Patriots - 10th Jan 21
Despite Signs to the Contrary, Gold Price at or Near Top - 10th Jan 21 -
Ultimate Guide On The 6 Basic Types Of Index Funds - 10th Jan 21
Getting Vaccinated at TESCO - Covid-19 Vaccinations at UK Supermarket Pharmacies and Chemists - 10th Jan 21
Cheers for the 2021 Stock Market and These "Great Expectations" - 9th Jan 21
How to Plan Your Child With Better Education - 9th Jan 21
How To Find The Best Casino - 9th Jan 21
Gold Is Still a Bargain Buy - 8th Jan 20
Gold Price Set to Soar as Hyperinflation Looms - 8th Jan 21
Have Big Dreams? Here's How to Pay for Them - 8th Jan 21
Will the Fed Support Gold Prices in 2021? - 8th Jan 21
Stocks trading strategies for beginners - 8th Jan 21
Who is Buying and Selling Stocks in 2021 - 8th Jan 21
Clap for NHS Heroes 2021 as Incompetent Government Loses Control of Virus Again! - 8th Jan 21

Market Oracle FREE Newsletter

FIRST ACCESS to Nadeem Walayat’s Analysis and Trend Forecasts

Gold, Silver, Blind Men and Golden Elephants

Commodities / Gold and Silver 2014 Mar 14, 2014 - 02:06 PM GMT

By: Dr_Jeff_Lewis

Commodities

"The first rule of mainstream financial journalism and, particularly, financial journalism about gold is never to put a specific critical question about the monetary metal to any of the primary participants in the gold market, central banks. That is, nearly all gold market reporting is, by design, irrelevant distraction at best, disinformation at worst." -Chris Powell, Gold Anti-Trust Action Committee


That is, as long as it is taboo to make specific and detailed mention of silver or gold price manipulation. It is as if there is some underlying existential dilemma journalists face while dealing with this issue. Talent is not everything. There is no lack of talent and otherwise powerful voices.

It must be the effect of no skin in the game. Journalists are underpaid relative to astro-physicists turned algorithm traders. Therefore, it is safer to sell out to the devil and enjoy the accolades and promotions, even at the expense of unearthing the most important issues of our time.

What could be more important? What could be more crucial to the functioning of civil society than issues of economics and transparency in finance that trickles up to the courage of our leaders? A million social issues wedged between social actions will cease to exist in a currency collapse. Instead, these emotions coalesce into a tsunami that leaves a vacuum for the loudest and meanest voices to fill.

Journalism had its roots in transmitting the voice of the masses from the grass roots. The pen of liberty extended; the fourth branch of government.

We note once again that the mainstream (this time, The Economist) has published a piece focusing on manipulation centered on London.

The fix is the poster child for an outdated process, an oligarchical remnant, dominated by the largest players.

Why not go after the CME and CFTC? At least they publish actual data.
All any respectable journalist would need to do is contrast the trading structure in London with New York - a dive one layer deeper, then mention the lopsided positions at COMEX - regardless of who publishes the data - because it reveals all one needs to know.

Can you imagine a journalist coming clean with the following?

"It has been known for years that the largest traders in the silver futures markets, in the so called commercial category, have maintained short market corners that would make the Hunt Brothers blush with regard to the size of their attempted long. Furthermore, even if these were hedged positions (they would be horrible for the clients if they were, but they are not), the very existence of positions this size violates the law because there is no possible way that a position like this wouldn't be used to move the price at will for a profitable arbitrage".

"Manipulation is in all directions and must serve a wider scope of interest. The system can be gamed from many directions."

GATA has broadcast the legal precedent; Ted Butler has tirelessly chronicled the mechanism used. And the rise of HFT has sealed the deal for the self-regulated, yet for profit exchanges.

Manipulation is just one more arbitrage made legal and hugely profitable for pockets deep enough to position themselves. Obviously, it also conveniently serves to indirectly support the medium of exchange by pressuring and controlling the price of its counterpart, the precious metals.

All in all, London is a safe place to look and answer the drama - or create some drama of  its own.

Or it's probably more likely that we've become too complex and over specialized, making it even easier to control information.

Because price action makes market commentary, the main event will surely be spun in the favor of the mainstream. The big banks will profit simply because they are involved in practically every derivative imaginable, including indirect ownership of the liquidity and cash flow of the miners.

In this way, the financial journalists (who missed it) will never lose. They will be rewarded for their lack of credibility by suddenly connecting the dots - most likely by finding a suitable or fashionable scapegoat.

Wouldn't it be something if they would then juxtapose the conspiracy facts of market manipulation with revelations regarding surveillance?

Are prices managed 24/7 like phone and email conversations?

Prices are certainly monitored. And ‘monitor’ in this context is simply a euphemism for control, just as QE is a euphemism for money printing. And surveillance is a euphemism for the police state in which citizen equals criminal.

And monitoring prices is one thing. When the monitoring authority has the ability, mechanism, and the trade structure available to intervene, you can be sure that they will.

The bottom line is that the direction of prices will move when those who control it decide to let it; whether it fits with the narrative is a moot point. And sadly, the commentary and mainstream publications will continue to fumble with only part of the truth in order to purposely miss the big picture.

For more articles like this, and/or for a breath of fresh silver market reality amidst the stench of denial and technically meaningless short term price obsessed madness, check out http://www.silver-coin-investor.com

By Dr. Jeff Lewis

    Dr. Jeffrey Lewis, in addition to running a busy medical practice, is the editor of Silver-Coin-Investor.com

    Copyright © 2014 Dr. Jeff Lewis- All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Dr. Jeff Lewis Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules