Guest Post: "Gold Market Manipulation", by Gary Savage

Fri, Dec 25, 2015 - 10:18pm

Back on Wednesday, technical analyst Gary Savage published a terrific video presentation that dissects the ongoing price manipulation in the paper gold market. Since it covers several of the topics we routinely discuss here at TFMR, I wrote Gary to ask if we could use it as a guest post and he happily obliged.

So, please take some time this weekend to watch the video below. You'll notice that Gary points out several of the features that we've followed for years. For example, Gary discusses the downtrend that has been enforced since 2013. Here at TFMR, we call this "The Nemesis Line" and the significance of this trendline and succession of lower lows is well known to Vault subscribers.

Gary also takes some time to address what appears to be an ongoing, overt effort to prop up the equity markets. Again, Vault subscribers will recall how many times we've pointed out all of the V-shaped recoveries in the S&P. The chart below from last week shows at least 21 over the past twelve months.

Gary makes several other worthwhile points, too, so please take the time to watch this video over the weekend. You'll be glad you did.



by, Gary Savage of

In this video, I explain how and why I think the gold bear market is artificial, and due to manipulation by a few big banks in the paper market. I discuss the market reaction that will confirm I’m correct. The analysts that for a couple of years have been trying to deny manipulation are ultimately going to look like idiots, and the Sinclairs of the world are going to have the last laugh, and will be proven correct in the end.

About the Author

tfmetalsreport [at] gmail [dot] com ()


Dec 28, 2015 - 2:56pm


Let's pray for a blow off top in the s&p before year end ,

gamble gonna short on new highs gamble

Dec 28, 2015 - 2:36pm

Tax Loss Selling

Apologies. I believe I may have started this.

Ready to pick bottoms next week though!

Happy holidays to all.


BTW, can we now officially throw Clif High into the Bo Baloney/Harvey Organ receptacle?

Dec 28, 2015 - 2:22pm


A brief one...eventually. Sometime after the CoT is released.

ancient Egyptian...ex-canary
Dec 28, 2015 - 2:18pm

Happy Monday for some

Anyway....Go Bengals In honor of the best looking uniforms in NFL.


Dec 28, 2015 - 1:52pm

It's so easy for them

to manipulate prices lower and lower. What or who's going to stop them? There's no regulator and there is nothing we can do about it and the blatant manipulation has been in our face for several years now. Another year goes by and another year end ass kicking.

Oh I forgot it must be because they are soooooo desperate having made billions rigging the price lower!

Dec 28, 2015 - 1:51pm


are you doing a podcast today?

Dec 28, 2015 - 12:30pm

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Dec 28, 2015 - 12:08pm

It is time to take action

Dec 23:

Bank of Nova Scotia, along with a handful of international banks embroiled in a lawsuit in the United States over alleged manipulation of a key benchmark based on the gold price, is facing a fresh lawsuit filed in Canada.

Lawyers at Sotos LLP, Koskie Minsky LLP and Camp Fiorante Matthews Mogerman are seeking class action status for the lawsuit filed in the Ontario Superior Court of Justice.

In a statement Tuesday, the law firms said they are seeking up to $ 1 billion in damages or compensation on behalf of Canadian investors who bought “a gold market instrument either directly or indirectly” between Jan. 1, 2004, and March 19, 2014.

The lawsuit alleges the defendants, including Bank of Nova Scotia, “conspired to manipulate prices in the gold market under the guise of the benchmark fixing process, known as the London PM Fixing, for a ten- year period,” the law firms said in the statement.

SilverBull from Agora Message has posted contact information relative to these fillings:

Law Firms

1. Sotos LLP--Toronto, CA 416-977-0007

2. Koskie Minsky LLP--Toronto, CA 416-977-8353

3. Camp Fiorante Matthews Mogerman--Vancouver, CA 604-689-7555

He writes "I plan to call these numbers, inquire the name of the contact person for these lawsuits, inform them of my relationship with gold, and gather any info I can on the situation."

I plan myself to call them next week as well.

It's pretty hard to imagine JP Morgan suffering with a legal suit in USA but Nova Scotia in Canada is another story. I will focus my attention in this legal suit and I recommend to do the same. don't fight the Fed... fight Nova Scotia! these bastards will be saved by a Fed swap but not by a judge! The legal system in Canada seems less corrupted... shall I dream a little bit in this Christmas season?

Dec 28, 2015 - 10:54am

So Much For The

$14.00 line holding. Man they sure are attacking or is this normal? LMAO Keep Stacking (Damn that's it, I bought yesterday.)

Dec 28, 2015 - 9:36am

The Year Nothing Worked

  • It's the worst year for asset allocation funds since 1937

  • A 2.2% gain in the S&P 500 is roughly the best anyone could do

(However; Bitcoin is up 35% shhhhhhhhhhhhhh)

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