This morning, I am ANGRY, as ANGRY as at any time in my career - for MANY reasons.
I have already been at my wit's end watching six weeks of the most blatant, heavy-handed, mocking Cartel suppression in ten years - actually, my 10-year PM anniversary is next month - not to mention fending off the vultures that continually state no such manipulation exists. Essentially EVERY global market - stocks, bonds, commodities, and currencies - is not only "managed," but done so OVERTLY. Yet, the tiny, easily "managed" PM markets are not?
After 10-years of presenting EVIDENCE, ADMISSIONS, and COMMON SENSE from watching on a daily basis - not to mention, the presence of a secretive U.S. agency mandated with gold manipulation - the Exchange Stabilization Fund - even traitors within our camp constantly attack us, the worst kind of sociopathicvipers imaginable. Amongst the REAMS of PROOF I have given over the years is the actual MISSION STATEMENT of the "ESF":
The U.S. Exchange Stabilization Fund was established at the Treasury Department by a provision in the Gold Reserve Act of January 31, 1934. The fund began operations in April 1934, financed by $2 billion of the $2.8 billion paper profit the government realized from raising the price of gold to $35 an ounce from $20.67. The act authorized the ESF to use its capital to deal in gold and foreign exchange to stabilize the exchange value of the dollar. The ESF as originally designed was part of the executive branch not subject to legislative oversight.
As well as the Bank of International Settlements (BIS), i.e. the "Central Bank's central bank," which through its Director - William White - in 2005 stated the following:
Among the five objectives of central bank cooperation are "the provision of international credits and joint efforts to influence asset prices (especially gold and foreign exchange) in circumstances where this might be thought useful.
Which is EXACTLY what they did on December 8th, 2011 - the commencement of "OPERATION PM ANNIHILATION II" - when gold was about to take out Jim Sinclair's "heralded" $1764 "Angel" following a surprise ECB rate cut...
MNI Reports Coordinated Central Bank Intervention Sends Gold Lower Intraday
...SMASHING gold with the help of "the Federal Reserve and Bank of England," the latter of which sold nearly all its gold at the BOTTOM of the market in 2000.
Then you have Fed Chairman Alan Greenspan's comment before a Senate committee on July 30, 1998, "Central banks stand ready to lease gold in increasing quantities should the price rise." And former Fed Chairman Paul Volcker, writing of the events of February 12, 1973:
That day the U.S. announced that the dollar would be devalued by 10 percent. By switching the yen to a floating exchange rate, the Japanese currency appreciated, and a sufficient realignment in exchange rates was realized. Joint intervention in gold sales to prevent a steep rise in the price of gold, however, was not undertaken. That was a mistake.
Not to mention the Reserve Bank of Australia, whose 2003 Annual Report, states, "Gold reserves are held primarily for intervention in foreign exchange markets."
Or in 2002, when Barrick Gold was sued for illegally suppressing the gold price, it admitted it was involved in "hedging," but filed to dismiss the case under Federal Rule of Civil Procedure 19 (b), stating that if a necessary person cannot be made a party to a lawsuit, the court may determine the action "should be dismissed, the absent person being thus regarded as indispensable."
In other words, it was acting on behalf of the ULTIMATE "indispensable person" - the Federal Reserve - and thus, should also enjoy the protection of Sovereign Immunity! By the way, the motion was denied, and Barrick ultimately settled out of court. Yes, they are working for "indispensable persons," just as JP Morgan is selling billions of ounces of PAPER gold for "clients."
And how about the Grand Daddy of them all, from Eddie George - governor of the Bank of England - in September 1999 following gold's spike (and subsequent plunge) after the initial announcement of the Washington Agreement, limiting Central Bank gold sales:
We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake.
Therefore at any price, at any cost, the central banks had to quell the gold price, manage it. It was very difficult to get the gold price under control but we have now succeeded. The US Fed was very active in getting the gold price down. So was the U.K.
And finally, the most smoking gun PROOF possible, which no "admission" is required to understand. On September 6th, 2011, hours after the end of the Labor Day weekend, and five minutes before one of the most gold bullish events of the past decade - the Swiss National Bank devaluing the Franc 9%, pegging it to the dying Euro - gold PLUNGED $50/oz from its ALL-TIME HIGH in a matter ofminutes...
...launching the most blatant Cartel attack ("OPERATION PM ANNIHILATION I") since the May 1st, 2011 "SUNDAY NIGHT PAPER SILVER MASSACRE."
If you want to DEBATE ME PUBLICLY - at ANY TIME, at ANY PLACE, in ANY FORUM - then come on, "MAKE MY DAY."