Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

What History Says for Gold Stocks in 2018-2019
By: Jordan Roy-Byrne CMT, MFTA

Jack Chan's Weekly Precious Metals Market Update
By: Jack Chan

Synchronized Global Growth May Have Arrived
By: Frank Holmes

Asian Metals Market Update: November-21-2017
By: Chintan Karnani, Insignia Consultants

Gold Seeker Closing Report: Gold and Silver Give Back Friday’s Gains
By: Chris Mullen, Gold Seeker Report

Operation Twist By Another Name and Method?
By: Gary Tanashian

SWOT Analysis: Gold Bounced Back After Attempts to Knock Down Price
By: Frank Holmes

Hyperinflation in Zimbabwe – It’s back, but maybe not for long
By: JP Koning

Gold Versus Bitcoin: The Pro-Gold Argument Takes Shape
By: John Rubino

Inflation and Counterfeit Credit
By: Keith Weiner

 
Search

GoldSeek Web

 
The Mainstream Grapples with the Last Manipulated Asset Class


 -- Published: Friday, 7 March 2014 | Print  | Disqus 

By Dr. Jeffrey Lewis

There is something rather absurd about the ever-so-slightly loosening death grip that the mainstream financial media has around the issue of precious metals price manipulation. The painfully reluctant (and largely incomplete) reports on the subject have fueled a series of seemingly derivative-like conspiracies.

It's not as if the issue is really that complicated. Therefore, it must be part and parcel - an extension of the mechanism. Perhaps the hope is that partially educating or entertaining the masses, followed by rebuttals from a string of authorities, would put the issue to bed? But clearly, it cannot be that complex.

Most precious metals investors and market observers have been somewhat caught off guard by the strange emergence of more than a few stories devoted to precious metals price manipulation occurring in the mainstream financial press of late.

Media outlets including The Financial Times of London, Bloomberg News, The London Evening Standard, and Handesblatt are but a few. While handling of the issues was somewhat impressive, they were very much incomplete. The Financial Times, perhaps the largest and most influential, decided to pull its version soon after it published. Apparently, it felt like it needed to re-evaluate the issue, though it made no official comment.

Perhaps it is inevitable that these organizations, like so many other large and complex entities, are unable to fully manage their content. But that's another conspiracy.

Most of you are familiar with the core issues. It would take approximately 15 minutes to explain and demonstrate to a well-trained financial journalist the conspiracy facts surrounding precious metals price manipulation. It is the same management that occurs every day in all directions, intended for profit and to control the rate of interest, perception of currencies, and the value of money.

They would be interested and well-versed in the data clearly implicating a basic trading structure that is manipulative by definition and by law. These organizations would certainly have someone in-house to create some graphics to go along with this.

An interested journalist might also understand something about high-frequency trading or spend a few moments delving into the mechanisms used to move prices in practically every market. They could interview NANEX if they needed some graphics to go along with that.

Better yet, it seems a bit irresponsible to have ignored the vast archives created by the Gold Antitrust Action Committee (GATA) or the constant commentary from its officers who ask the questions for them. Certainly, they Google "Ted Butler" and read one article from 20 years ago outlining the mechanism that is alive and well today, as this is typed and read. Even better, they could call them up or send them email for comment.

It wouldn't be a stretch for the curious and aspiring journalist's imagination to review the details of the most investigated market of all markets - the COMEX silver market, self-regulated (of course) by the for-profit CME - who would also be thrilled with a call requesting comment.

It would be easy to cherry pick days where, say, 50 percent of global silver production was sold in 36 hours. And much of it sold while everyone was asleep. Think of the headlines they could generate!

Maybe the CFTC would be willing to throw another celebrity into the spotlight? This time they could have them explain that the combined budgets of the CFTC, SEC, and DOJ pale in comparison to that of the main instigator and right arm of the U.S. Federal Reserve. Therefore, while they see clearly that gold and silver are managed - just like FOREX, equities, LIBOR, and government bonds - it is just too big an issue to prosecute because it risk disrupting....

Overnight, investors would awaken from their hypnosis. Return of capital would quickly replace return on investment. Whichever particular news organization that allowed an accurate rendering would become a social media content darling - earning massive traffic, clicks, and revenue for itself and it's advertisers; perhaps also freeing itself from dependency on said influence and, therefore, becoming closer to what once was a free press.

But seriously...

As fascinating as it is to observe journalists struggling to paint a picture of an issue that is incredibly basic and available for almost anyone who has with even tangential interest, it is also a sad reflection of how the issue will ultimately be resolved.

History teaches us the lesson over and over. Control of the money invariably leads to abuse of power. The power expands unnaturally and destroys the money. All of the financial system bloat and insolvency we see today is the modern version of this. It can suffocate and nearly destroy a functioning economy and, sadly, take many innocents along with it.


| Digg This Article
 -- Published: Friday, 7 March 2014 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.