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 - 2:12am

The USD / silver chart


hm?mm.?... ?huh ?wha?ts tha.. ?huh z zz zzzz zzzz zzzz

Dec 27, 2015 - 11:03pm
Texas Sandman
Dec 27, 2015 - 10:43pm

Gun free zones --- federal

Where the zones are federally mandated, the answer is simple.

The federal government can not be sued unless it allows itself to be sued.

I'm not a lawyer and know that one.

Dec 27, 2015 - 10:37pm

Any Lawyers Out There

Can any lawyers out there tell me why someone hasn't sued the creators of gun free zones for the loss of lives within those zones?

If some entity creates a gun free zone, shouldn't they be responsible for enforcing said zone and protecting all of the unarmed occupants of the zone?

In other words, shouldn't the deaths of people in a gun free zone be the responsibilty of the creators of the zone?

Dec 27, 2015 - 10:16pm

Re:14.40 Silver

".....algo's never sleep"?

Texas Sandman
Dec 27, 2015 - 10:03pm

Let not your heart be troubled...

"The Fed's balance sheet is a pile of tinder, but it hasn't been lit … inflation will eventually have to rise."

Alan Greenspan

AKA "The Maestro"

Dec 27, 2015 - 10:01pm

I had nothing to do with it

This is Gary's recording on his own YouTube channel.

Dec 27, 2015 - 9:59pm

$14.40 silver

Remarkable how that level is defended....even on a Sunday night in late December. Silver has the audacity to rally a few ticks through $14,40 and it is immediately slammed lower by over 1%! Amazing.

Dec 27, 2015 - 9:57pm

Gary's Gold Manupulation video

Turd, I really do appreciate the folks you have contribute. It's an added plus for subscribers.

ONE request.... I have no problem listening to your daily Turd vaults, but I now have a sore back from leaning to hear this

gentleman. My gosh his voice faded away and I had volume maxed!

This happened a few weeks ago with another guest.

I suppose they don't have your experience with mic's but please please next time help them get closer,

going for heating pad for the back,...

boomer sooner
Dec 27, 2015 - 7:09pm

Self-doubt From a Gold

Self-doubt From a Gold Investor

December 4, 2015/0 Comments/in Uncategorized /by mwright

I had a period of severe self-doubt last week.

It was related to my worldview, my belief that the wheels are, at some point in the next few years, going to fly off the economic wagon like so many tires from a cartoon clown car. I have bouts of doubt from time to time, but I generally think they’re healthy since they blunt the most pernicious impacts of confirmation bias.

But last week, the doubts were particularly strong. There are many economic and FX cross currents blowing through the geopolitical landscape, so the thought occurred that perhaps the CBs can actually keep the current farce/ponzi going, maybe for decades longer.

After all, the CBs have powerful tools at their disposal:

the ability to print money

sympathetic politicians (statists) in political power in almost every developed country

an interconnected network of ex-Goldman central bankers in major countries

government statistics that can be (and are) readily manipulated to meet the needs of the current agenda

a largely compliant financial and mainstream media

a certain lack of conscience

The question that troubled me is whether these advantages are decisive, that is, whether they can be leveraged into perpetuity.

Whenever things become too complex, I find it useful to take a couple of steps back and examine the basic truths behind the situation, in this case, our current economic position. My conclusion was – and is – that the above advantages, though powerful, cannot extend the unsustainable forever. And this is the big “get it” – spending beyond one’s means, whether an individual, a town, a state or a country, is not sustainable in the long term. It can work for decades, but eventually, the long run arrives. And when it does, the piper must be paid.

And I believe that is where we are today. Current debt levels are too great to be repaid, and eventually must be cleared through either default or inflation of the currency. Another truth is that expanding the money supply to buy debt that has been issued to pay for real goods and services is the modern day equivalent of alchemy. Something cannot come from nothing for very long.

All of the cheerleading and gnashing of teeth in the mainstream media is simply noise. Absent a hard debt default, there are only a couple of ways through the current mess – either cut government spending/promises to enable paying down debt to serviceable levels, or inflate the currency to enable paying down debt in cheaper dollars. Or some combination of the two. The first would be the catalyst for the worst depression in world history, and the second is what we are trying to do at present – but it’s not working very well. Instead of wage inflation, we are seeing asset inflation…and stagnation – sluggish employment combined with deflation for some goods and rising prices for others.

So in true Keynesian fashion, rather than examine the flawed ideology that is the foundation of both the current economic mess and their careers, the Central Bankers are trying to figure out how to do more of what hasn’t worked, that is to get more money into individuals’ hands and increase its velocity. The Central Bankers are doubling down, either on stupid or on malicious.

The Central Bankers seem to believe they can control events and micromanage human behavior. That being the case, I’ve concluded that having some assets in precious metals – betting on Gold – is a bet that 1) the Central Bankers will continue their Keynesian ways, and 2) that they will not be able to control future events as well as many think. And even if they don’t do #1, we’ve reach a debt/GDP ratio where it doesn’t really matter – the die is already cast. And this makes #2 almost a certainty – it’s just a question of timing.

Point is, whenever I get too wrapped around the axle with the complexity of current economic events and analyses, I try to look at the simple truths of the situation: Spending beyond our means is not sustainable. Nor is printing money to buy real goods and services. Hence, we’ll eventually have a reset, and Gold will reign atop the asset world again.

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