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 27, 2015 - 1:53am

COMEX default- no big deal

When the COMEX does default, Crazy Louie does not think it will be that big of a deal. They will force-manure, settle in fiat, fine the people who were selling what they didn't have, and will be back up and running in a couple of weeks. Just remember, there will not be one less ounce of gold in the world the day the COMEX defaults. There may be a few thousand more people who "wake up" and realize all the world's fiat/debt systems are screwed, but it probably won't start a global tidal wave of gold buying.

Ever watch any of the Dice videos on YouTube? Most people are FAR from being awake.

Louie believes the tidal wave of gold buying is taking place among the growing Indian population, the Chinese people, and central banks. Demand for the finite amount of gold in the world is what will drive the price up, not the COMEX default.

Dec 27, 2015 - 1:38am

Post Christmas Weekend Liberty

Taking advantage of the weekend to stray off topic.

Louie believes that no one is going to have to kill the USD, we are doing a fine job of that ourselves. So what will replace it? I don't think we will start valuing currencies versus gold. If the US/USD disappeared tomorrow, within a month there would be some new fiat currency standard that everything was "measured" and "charted" in. Might be the Euro, might be the Ruble, or the Chinese Yuan. I think the most likely candidate would be the Special Drawing Rights SDR basket of currencies dictated by the IMF. I don't think we are ever going back onto the gold standard, unless we kill off 5.5 billion people during WWIII.

And the minute we start another fiat system, the spawn of Dimon will show up to re-introduce fractional reserve banking.

Dec 27, 2015 - 1:24am

Fred re:comex default

i expect the comex to get sacrificed.

as part of the current USD denominated system topology it will have to go. if/when it does, it is part of the plan by tptb to try and save their system by getting it out from under the usd.


Dec 27, 2015 - 1:18am

Louie, "YES!!!" (and no)

It may have had some impact on the global support for the petro-dollar. Last thing we would want is for people to start asking for gold in payment rather than FRNs. Right.

That is exactly the takeaway they were shooting for.

Because they do want to promote *Gold as the global trade denominator between different currencies.

Here we had Turkish Lira for Oil settled in gold, supposedly but not really because the Lira, Oil, and Gold were all valued relative to the USD. The significance is that it shows the model or system topology they are shooting for.

Everything in the system is valued relative to the USD. This is very limiting to the owners of the system because the USD is the national currency of the United States.

If they could replace the USD with *Gold then they would be in business because *Gold is nationless.

But they don't want everybody grabbing actual physical Gold and using it for international trade. No, they want Gold to be the common denominator that sets the values for currencies. *Gold, meaning the "Gold price", and not the free-market Gold price but the price of Gold on their charts.

these stories are "ditch the dollar, trade in gold" stories. To introduce the concept.

They are trying to replace the USD currency standard topology with a fiat gold standard international trade topology.

They want the currency exchange rates for any two currencies to be the by-product of the physical gold exchange rate for any two currencies. no more currency exchanges, no more currency fixes.

for example: if the mexican gold exchange (chart) is pricing gold at 100 pesos per ounce 100/oz

and the Somali gold exchange (chart) is pricing gold at 1,000 shillings per ounce 1,000/oz

then the MXN/SOS would be 1:10

and the international transactions would be transferred in gold from central bank to central bank accordingly. (not real gold, but that wouldn't matter).

for the bros., the beauty of this new gold currency standard topology would be that THEN the chart owners could totally crash the USD and not screw up the rest of the world.

With the current usd currency standard their hands are tied. tied by what? the usd/silver and usd/gold charts! 'cause not only are all the currencies valued relative to the usd, but so are silver and gold.

- - -

right now everybody at TFMR is ahead of tptb on this thing. it's important to understand their objective on this and watch how they are trying to establish this vision by composing it in the aggregate of the various usd/gold/de-dollarization trade stories.

- - -

current situation- all currencies and silver and gold are valued relative the USD

fiat gold standard- each currency has a gold exchange and those gold rates are what determine the rates between currencies. (reason for zh turkey/iran/gold stories)


Dec 27, 2015 - 1:15am

I can verify

I am not looking to pick a fight, but the oil-Lira-gold-USD trade was real. Google is very helpful in finding lots of information, and there is a lot of it out there.

Does anyone remember the two plane loads of gold "confiscated" in Istanbul?

It happened. How big of an impact it was/is I don't know. In my opinion, the BIGGER questions are:

Who is in charge in Turkey? Who are they with &/or for? Who are they working against? The US had to know (HAD TO KNOW!!!!) that the scheme was going on, so why did we let it happen for so long? Were we trying to help Iran get hard currency so that they could build up their nuclear program?

IM (crazy) O - The globalists/Build-a-burgers/Rothschild/Masons/Satanists have gotten together and decided that China has 80 million single men who will never find brides, global warming is about to destroy the world, and that all the central banks in the world are f*&^ed because of debt/fiat monetary systems. Only thing to do is have a nice big war and wipe out 2-3 billion people. Looks like they have chosen to have it in Ukraine/Turkey/Syria/Iraq/Iran.

Fred Hayek
Dec 27, 2015 - 1:12am

@Wingy, but what about the rest of the world?

Just because the american public and american institutions might not respond to a de facto Comex default doesn't mean that the rest of the world will also simply yawn and turn the page on the magazine they're reading.

As I was trying to tell one of my relatives this weekend who brought up 1980, this isn't just the Hunt Brothers against the establishment of a healthy, vibrant U.S. economy. You've got most of the world sick to f***ing death of the U.S. having the unlimited dollar credit card to use to pay for its insane foreign policy. And a couple of the biggest players (China and Russia) are openly going for gold hand over fist for their own benefit and to help overturn king dollar. You've got other players, the whole eastern hemisphere but especially India buying gold hand over fist privately though their governments don't do much. And you've got another category of players, Europeans, especially I would think, who have some cultural affinity for gold and who now see that all these bullshit "great moderation" notions that everything can safely be shit piled on shit piled on vapor piled on shit are quite false and that they need to protect themselves from their central banks.

So, the U.S. pulls some big game move that amounts to an acknowledgement of Comex default or something of the like, a failure to deliver gold to SOMEbody. The U.S. media says nothing. U.S. institutions act as though nothing has happened.

Why will China? Why will Russia? Why will India? Why will Switzerland? Why will Germany? Etc, etc.

All those groups will only step up their buying, won't they? Why wouldn't they? You're a rich guy in Germany. You've been buying some silver and gold already. The news says there was some kind of odd . . event in the U.S. at the Comex. The official press says it was nothing. The internet talk says that the Comex effectively defaulted that even the few honest trades, the few trades that weren't wash trades had to be bought out. You're the hypothetical rich guy in Germany. What do you do? You buy as much gold and silver as you can right away, don't you?

This isn't 1980. When we get to the brink of the system breaking they can't simply change the rules of the casino to stop the Hunts and they sure as hell can't raise actual interest rates to 19%. Chinese, Russians, Indians, Swiss, Germans and others are buying gold and silver in venues where the U.S. and U.K. establishment can't stop them like they could stop the Hunts by simply changing the rules of the casino on the fly.

Unless this market subversion could be done completely secretly, the rest of the world will react and the U.S. won't be able to stop it.

Dec 27, 2015 - 12:19am

@Infometron re: hearsay

I hate hearsay. Can anyone verify?

No. Nobody can verify. Or question. Or receive one single objective verifiable fact regarding any of it.

zh introduces a narrative, then follows it up with another story that usually starts out "what was originally suspected has now been proven as blah blah blah..." and what is the proof?? ...their next story. It really is that ridiculous. They're self-referential and self-validating. over and over and over again.

  Image cannot be displayed Keep The People Straining To See Behind The Curtain So They Will Never Notice What Is Happening Right In Front Of Them!

- - -

and fwiw, the transaction would still have been a usd denominated transaction since they traded x "Dollars" worth of gold for x "Dollars" worth of oil.

Dec 27, 2015 - 12:02am

Kerry and the dollar reserve

My opinion that Kerry's comment about the dollar reserve ending with a shake of the hand and "its kind of shaky anyway" was a warning, this followed Obama a week earlier saying essentially the same thing. There was no discernable reason for either comment, except to be able to point back and say I warned you, look at the tapes. I may or may not be full of it but I do believe they like to clear their past, look at Greenspan's comments about Gold in New Orleans, and there are many others. Just my opinion but I believe that this whole thing is decided and just playing out.

If Goldman and gold and Jpm and silver is true then you follow the lead of the banks and buy au and ag. They always win and the people always lose. This will absolutely be described by history as the greatest fraud and robbery in the history of the world. I also really enjoy the now 12.6 billion interest payouts to the banks for "excess liquidity" for money that doesn't exist and doesn't belong to them if it did. Got to hand it to them, they don't miss a thing.

Dec 26, 2015 - 11:37pm

Oil sanctions lifted

Iran no longer has to do the oil for Lira for Gold for USD swap because the sanctions have been lifted. Iran can now sell oil directly for USD.

The oil for gold scheme was not (in my opinion) that big of a deal as far as gold shifting from west to east. When Iran sold the gold, Dubai would then either sell the gold in their markets, or send it back to Turkey to give to Iran for the next shipment. The gold was circulating, not going out of circulation.

It may have had some impact on the global support for the petro-dollar. Last thing we would want is for people to start asking for gold in payment rather than FRNs. Right.

Dec 26, 2015 - 10:45pm

@Louie Re: Iranian Deal

I recall hearing that a highly unpublicized part of the Iranian deal is that they would agree to stop doing that oil for gold trade... This was apparently part and parcel of Kerry stating that the deal must pass in order to maintain dollar reserve status.

I hate hearsay. Can anyone verify?

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