Stacy Summary: This is a report just published by Paul Mylchreest, who used to be at Chevreux where he wrote the infamous first bank report confirming manipulation in the gold market. Find the report below the fold.
Max Keiser
Financial War Reports
Stacy Summary: This is a report just published by Paul Mylchreest, who used to be at Chevreux where he wrote the infamous first bank report confirming manipulation in the gold market. Find the report below the fold.
It’s ironic that gold bugs complain of price manipulation when many (most?) of them desire a gold standard which would both boost and fix the price of gold in fiat by GOVERNMENT FIAT (deliberate and scathing irony).
If there was video of these people killing and eating babies, still, nothing will happen or be done. The law does not apply; Morality does not apply; Sanity does not apply. The only thing that applies is selfish greed and the other members of the CLUB. If you are not in THE CLUB you have no say on what goes on in the CLUB behind it’s curtains.
@Max, Stacy,
HEY !! got a 1968 silver quarter in my change after purchasing a coffee today.
at .089 oz x $32 = $2.85 (pays for my coffee)
at .089 oz x $500 = $44.50
see ya suckaz !!
Goldman: Buy Gold
http://www.businessinsider.com/goldman-buy-gold-2012-3
Macquarie:Buy Gold Now
http://www.businessinsider.com/macquarie-this-is-a-good-opportunity-to-buy-gold-2012-3
Sounds like a ‘pump and dump’ scheme is on the way
I enjoy watching the gold manipulation circus. Even if you happen to own gold, what does it matter? In fact, in a way, gold manipulation is part of the free market sorting itself out, in an odd way.
If Ron Paul is such a peace activist?…why has nobody ever seen him at a Peace March?
The content doesn’t show anymore, luckily I saved it for later reading:
PDF is here
Still need to read it in-depth but it looks quite interesting. He’s mostly looking at patterns in the kitco graphs and identifies several patterns that repeatedly show up, which — supposedly — show certain algorithms in action. As well as some occasional dumps such as Feb 29th.
@F.Beard
“fix the price of gold in fiat”
The value of gold, redeemable in trade for other goods, has remained relatively stable and uneffected by ties to fiat, and we have no reason to believe this will change in the future. The desire of your said bugs is to fix the price of fiat in gold.
Personally I am not infavor of the fix, a fixed price or ratio. The magic in stabilization of historical fiat actually was simply borne of a note’s relatively free redemption into a commodity such as gold [and vice versa]. That is what anchors accountability of issue. No, I can no longer freely redeem my Federal Reserve Note for gold at or through the Treasury or Federal Reserve Bank. Yes, I still can convert via other [taxable] means.
Fiat has provided many conveniences, but at the heart of its impetus to be created is provision to fund government. This coincides with the simplicity that all that’s needed to found its issue really is the declaration of its usability to pay taxes. For a tax system to function logically(accountably), something, preferably that which is used to pay taxes, needs to be itself tax-free or untaxable, lest the entire system falls corrupt.
Our current fiat system has fallen corrupt. The note is tied to nothing but itself. It is not tax-free. It taxes all including itself. It provides unbound taxation as it is inflated. Thus government funds itself through further issue of fiat. It is the penultimate case of taxation without representation. The distinction of “appropriations” means little or nothing.
As such, government has severed it ties to the governed, broken free from the people. Further appropriation is now inherently built in to all appropriation…
http://www.youtube.com/watch?v=FVqnRPMZbE0&t=4m6s
The note is tied to nothing but itself. It is not tax-free. It taxes all including itself. It provides unbound taxation as it is inflated. Thus government funds itself through further issue of fiat. It is the penultimate case of taxation without representation. The distinction of “appropriations” means little or nothing. John Robb
All of the above is fixed by ensuring that fiat is de jure and de facto legal tender for government debts only – taxes and fees – and not private ones.
Gold standard advocates would replace government counterfeiting of private money with private counterfeiting of government money. The proper solution – implied by Matthew 22:16-22 – is coexisting government and private money supplies. Government money should only be legal tender for government debts and private money should only be acceptable for private debts.
@Rasta – 1968 quarters are worth $0.25
F. Beard speaks through his rear orifice again. Yawn, a one trick pony.
Actaully F. Beard, the proper money system is quoted not by “Matthew”(originally Maat, the Egyptian god of truth, stolen by those nitwit Christianites) but rather by noone: “stuff your religous crap where the sun don’t shine, you low IQ myth huggers have held down humanity for thousands of years: get real.” Then Get silver, get gold.
@F.Beard
“Gold standard advocates would replace government counterfeiting of private money with private counterfeiting of government money.”
I don’t understand what you mean by ‘private counterfeiting of government money’.
“Government money should only be legal tender for government debts and private money should only be acceptable for private debts.”
I have no problem with that sentence as it stands. I borders with redundancy in fact, or definition. It rolls much like, “Coke dealers should deal coke, and truckers should drive trucks.”
http://maxkeiser.com/2012/03/02/all-economies-are-planned-economies/#comment-446842
I don’t understand what you mean by ‘private counterfeiting of government money’. John Robb
Government should not be required to buy your or my favorite scarce substance in order to create government money.
@ronron,
Please slap noone upside his headbone.
Thanks.
PS
Not the ears!
@ronron,
Never mind. Let him be.
The weirdest thing for me is that all of the graphs shown inversely reflect my blood pressure on that very day! If I replace $US with mmHG it’s identical.
I’m printing it out and taking it to my GP. She’ll finally realise that it is the bloody gold price and not the alcohol afterall.
@F.Beard
“Government should not be required to buy your or my favorite scarce substance in order to create government money.”
So be it.
Then I should not be required to buy government money in order to acquire scarce substance or create product or productivity.
Attach the price of Gold to the Dow!
Then I should not be required to buy government money in order to acquire scarce substance or create product or productivity. John Robb
Correct but you still must obtain government money to pay your taxes. That’s the way it works so long as we have government.
@F.Beard
“Correct but you still must obtain government money to pay your taxes. That’s the way it works so long as we have government.”
Bingo! You just stole my thunder.
That’s my point.
Mr Beardsley … for You
http://www.wimp.com/singhallelujah/
Good for the Soul
@Trooper Dave,
I got banned from the washington post for posting that cheney ate a child to get his heart.
That’s my point. John Robb
Yea, well government is a given. What isn’t a given is that government should serve the rich and the banks at everyone else’s expense. That’s fascism.
That’s my point. John Robb
But without the “stealth inflation tax”, all government taxation would be explicit and thus subject to voter sanction.
@Happy Dick
That was lovely!
Here’s my bloody stab at it. Ouch!
http://spiderjohn.com/demolicious/halleluj/ah.wma
@F.Beard
“Correct but you still must obtain government money to pay your taxes.”
That is literally saying that I’m correct, but incorrect. It is an irreconcilable contradiction. I must somehow obtain government money in order to give it back.
The contradiction negates the next sentence…
“That’s the way it works so long as we have government.”
There are two general ways to fund government. Through contribution or extraction. Your fiat system engages extraction. Your judeo-christian system of tithing engages contribution.
extraction = wealth destruction = desecration
contribution = wealth creation = glorification
We’re more of the love, blood and rhetoric school. Well, we can do you blood and love without the rhetoric, and we can do you blood and rhetoric without the love, and we can do you all three concurrent or consecutive. But we can’t give you love and rhetoric without the blood. Blood is compulsory. They’re all blood, you see…
http://www.youtube.com/watch?v=y-Sx4W2cKlU
I must somehow obtain government money in order to give it back. John Robb
Correct. That’s the way government money works – it is spent into existence and taxed out of existence.
@F.Beard
Your original use of “correct” referred to this…
“Then I should not be required to buy government money in order to acquire scarce substance or create product or productivity.” -J.Robb
That contradicts this being correct…
” I must somehow obtain government money in order to give it back.” -J.Robb
The latter is in reference to your fiat system.
“That’s the way government money works – it is spent into existence and taxed out of existence.” -F.Beard
Yes, this is the way one form of government money works. The sponge. This is the way our current form of government money works. We are slave to the sponge.
“and from your lips she drew the hallelujah” -L.Cohen
@F. Beard: I’m not particularly a gold bug, but I am certainly against fiat currency and against letting governments (or private central banks) print money.
- the printing causes inflation, which is a stealth tax
- the printed funds are rarely used for good causes
* WAR is made possible (and easy) by money printing, since otherwise politicians would have to bring about immediate tax hikes to pay for the war effort.
There would be no wars of aggression if not for our ability to print money. If you are honest in your christian beliefs, then surely you are against war / mass murder, and hence you should be against all forms of fiat and money printing.
@Mini US
To me, it looks like the Wall St Mafia have been punping and dumping their own bank stocks since at least July last year. How else can you explain how BOA can go from nearly filing Chap 11 to nearly 10 us pesos in a few months, when they are surrounded by Litigation Lawyers with more Law suits that their are Law Firms.
Thunder Road…
There are many redundant lines on the charts in Paul Mylchreest’s report. I have a handy collection of Kitco chart screenshots from last fall as I constantly searched for [seemingly algorithmic] repetition in attempts to find the lowest dips to purchase. I was simply awed by the reoccurring patterns as was my twelve year old son who became absorbed by the project as he would a video game. Page forty four of Mylchreest’s report would have saved me the trouble [and my eyes]. Buy Wednesdays. Sell Tuesdays. Or screw Tuesdays. Buy Wednesdays. Sit tight. Take hold. Thunder Road…
so? buy gold. it’s obviously undervalued. what’s the problem?
@Mini US
Interesting links to articles from Joe “Paperbug” Weisenthal.
We got one last chance to make it real,
to trade in these wings on some wheels…
http://www.youtube.com/watch?v=RMB3M43AEpc
http://wealthcycles.com/blog/2012/03/26/true-supply-and-demand-of-commodities-will-never-be-controlled
”Those who run the high frequency trading (HFT) outfits anticipated a monetary re-inflation as the response to the deflationary collapse. For every new unit of currency created, the fund managers knew that it would take more, weaker dollars, to buy the same real asset. Whether that real asset is corn, oil, or shares of a business (equities), they knew that it would not matter in terms of correlation.
The study, which ran through 2011, found that all six of the most liquid commodities, crude, soybeans, wheat, corn, sugar, and live cattle, are joined at the hip to the S&P500 futures movements, and to the ratio of the euro to the dollar.”
@Gruntsvig
The ongoing march has grown large. Squint your eyes. Look to the front.
@ F Beard
It’s true that you would have to obtain government money from private money in order to pay your taxes – wouldn’t that set up an exchange between private and government money? – don’t see how that would help at all! In fact it would be more complicated and be open to all the corruption and manipulation we have today anyway.
Also, please, don’t say that gold bugs COMPLAIN about the gold manipulation! We are merely highlighting it as fact for those that don’t understand! Of course, it enables us to buy at a lower price and enjoy a larger pay-off in the long run – there’s not much to complain about there! One would only complain about the gold manipulation if one knew about it, but didn’t own gold – then you would know you are getting perpetually screwed and you’d know that the economic situation would be alot better if it wasn’t happening (benefitting everyone). We don’t complain – we just honestly can’t believe it’s gone on so long and that the masses don’t realise – still!
@Max & Stacy,
You must contact “John” next time you are in Ireland, He can make you an infallible Gold and Silver Price Predictor!
http://m.worldirish.com/listening-post/view/johns-weather-forecasting-stone-predicts-donegal-weather-671
If you are honest in your christian beliefs, then surely you are against war / mass murder, and hence you should be against all forms of fiat and money printing. Christophe
The problem is not inexpensive fiat since that is the ONLY ethical government money form. Also, remember that South America was conquered largely to get its gold.
@F.Beard
“Yea, well government is a given.”
No, its not. Its a takin’
@ Mini US *grins*
No, its not. Its a takin’ Mini US
Those in favor of a gold standard are in favor of government by definition since it is government that would enforce it.
@Gruntsvig
Clever. Is that the new school yard talking point for this week? Humorous attempt though.
Dr. Paul has done greater than a “peace” protest and that has been by using his congressional vote, at times the only vote, against the imperialistic wars/occupations and the erosion of the Constitution promoted by the traitors, infiltrators and neocons now running this country. Dr. Paul has displayed immense courage in his voting, not that I agree with all of his stances, but he is the true voice of the American people right now and always has been and isn’t the point of “protest” is to make your government aware of the citizens stance on certain issues and if so doesn’t this make Dr. Paul the tip of the spear in the “protest”? He faces the enemies of America on a daily basis and stands his ground, accepts the ridicule thrown at him because he knows that his message is the truth and is waking up the American people.
Don’t be afraid Gruntsvig. Dr. Paul may not win, then again he may, but you cannot put the genie back in the bottle. A new, actually rediscovered, consciousness has arrived in the American people but we don’t read/hear about it on MSM, we only hear about the “extremists” from either side. The game is slowly changing. Be on the side of peace. It won’t kill you. Yes, the revolution will not be televised but it is being telepathized.
Peace
@ OhChit | March 29, 2012 at 6:29 pm |
—Yes, the revolution will not be televised but it is being telepathized.—-
Spot on!!! thanks!
Gruntsvig,
Ron Paul does not participate in “peace marches” because they are not really peace marches. They are, OTOH, Marxist-orchestrated demonstrations of welfare-cheque collecting useful idiots which lend no benefit to anyone. These people are anti-peace and orchestrated by the likes of Soros and other NWO stooges.
If you do not understand Ron Paul and his mission you are in sad shape. He is the ONLY factor standing between you and incarceration in the FEMA camps awaiting the gassing chambers in the long-planned cull of citizens just as they are now planning a massive cull of private farm animals in Michigan.
Were I you, I would show him a little more respect because he is the ONLY hope you have to retain some vestige of freedom and even your life.
“The game is slowly changing.” -OhChit
http://spiderjohn.com/music/van/takefind.wma