TFMR Podcast #38 - Chris Powell of GATA

44

Earlier today, I had the pleasure of visiting with Chris Powell, who along with Bill Murphy, founded the Gold Anti-Trust Action Committee back in 1998. With all of the news this week surrounding The Bundesbank and their gold repatriation plans, I figured that Chris would be able to add some additional context to the story.

Please keep in mind that GATA is a non-profit organization and it relies upon voluntary donations for its funding. If you can spare a few, U.S. tax-deductible dollars, please support their efforts at https://www.gata.org/node/16

Additionally, one of the topics Chris and I cover is the ongoing leasing and price suppression activities of the Bank of International Settlements (BIS). Samples of the great research that GATA has done on this subject can be found here: https://www.gata.org/node/11012 here: https://www.gata.org/node/11 and here: https://www.gata.org/node/4225.

I'm confident that you'll enjoy this informative podcast.

TF

  44 Comments

raybay
Jan 18, 2013 - 5:31pm

newbie

newbie stacker here, been lurking for a while- decided to take the plunge,

when will they define 'swaps' then

steveo
Jan 18, 2013 - 5:31pm

Read Below for the US

Read Below for the US Situation simplified The large numbers are so staggering, that it is impossible to wrap your head around it. The family example brings it down to earth. So if you ever had doubts about your doubts about the position of the US, you can dispel those doubts (the ones about the doubts). https://oahutrading.blogspot.com/2013/01/the-bankrupt-family-example.html

steveo
Jan 18, 2013 - 5:31pm

Read Below for the US

Read Below for the US Situation simplified The large numbers are so staggering, that it is impossible to wrap your head around it. The family example brings it down to earth. So if you ever had doubts about your doubts about the position of the US, you can dispel those doubts (the ones about the doubts). https://oahutrading.blogspot.com/2013/01/the-bankrupt-family-example.html

Silver_investor
Jan 18, 2013 - 5:34pm

Enjoyed the Podcast

I have a lot of respect for Mr. Powell and the folks at GATA.

metalmaniac
Jan 18, 2013 - 5:54pm

lurking

ex lurker, i would like to say hello!!!

happy stacking

Prize Fighter
Jan 18, 2013 - 6:06pm

Byzantium, precisely!  Nobody

Byzantium, precisely! Nobody dropped off German gold in the first place and there are no cobwebs to clear from a dusty Deutschland corner locker. This is gold which was to be converted from FX reserves per Bretton Woods. Ya ya Colonial Clink, we buy de gold for you. Keep safe, no problem. Comedy of horrors.

We've seen so many shadow boxing matches it's hard to know when you're witnessing a real throwdown. It's like a wrestling match that went off script and all bets are off.

Key Economic Events Week of 3/30

3/31 9:45 ET Chicago PMI
4/1 8:15 ET ADP Employment
4/1 9:45 ET Markit manu PMI
4/1 10:00 ET ISM manu PMI
4/2 10:00 ET Factory Orders
4/3 8:30 ET BLSBS
4/3 9:45 ET Market service PMI
4/3 10:00 ET ISM service PMI

R man J
Jan 18, 2013 - 6:51pm

Martin's Turning Point Fail

According to Mr. Armstrong's reports in years past, it was clear he though June 14, 2011 was supposed to be a major economic turning point. I don't think he sees all the cards. I follow most of them and to me, Rickards has been right as well as Sinclair. But none are perfect--Rickards said Iran/US war had begun in Q1 2012.

ballyale
Jan 18, 2013 - 6:59pm

Here's the real situation.

The Fed and every other CB can short the gold market, all the while purchasing as much as possible.

They can do that until all the gold is gone. Then what do they do?

Answer: Just say they have the gold. That's probably already happened.

Reply: But it's only paper gold.

Answer: So what? We'll keep on doing it, no matter what. The people will believe our lies. Don't they always? Besides, the people don't care about the the price of gold or silver. They don't have any. There will be no outcry until they actually start disbelieving in the purchasing power of the Dollar. Even then, they will simply chalk it up to inevitable inflation that the Gov't will continue to lie that it is no more than 2% that they manufacture like the gold price.

Reply: Liar, liar, pants on fire. That's what will happen to the real price of Gold and Silver when no one is able to actually obtain the phyzz.

Not so soon the price of the PM's will go En Fuego, on fire and "To the moon, Alice" as Jackie Gleason often told Alice.

Of this I have no doubts. This rotten Gov't has sown the seeds of its own destruction.

It won't be long before they see the results of this Frankensteinian monster.

Edward G
Jan 18, 2013 - 9:59pm

Welcome aboard raybay and metalmaniac!!

raybay, IDK mate, but if their swaps go wrong they can always go into school the next day and say their mum said they weren't allowed.....worked for me!

Seriously though, questions about what is actually going on with the position limits don't tend to get answered very well here, as you will know.... but yes, aren't we in theory supposed to be waiting for Bart + co to do whatever.....guess folk here got tired of emailing him, though he always answers politely in an honorable Phil Mickelson sort of way! I had 4gotten all about it tbh haha

It's a bit puzzling KWN (or TF's interview with Bill) never get into this....have we got it wrong and are the PL's dead in the water? Or are expectations just off the bottom of the scale??? does anyone know about the temporary exemptions??

just wondered...

metalmaniacEdward G
Jan 18, 2013 - 10:10pm

thx

thanks Edward G ,

temporary exemptions is that what its called, should be permanent nothing, and nothing to see here....i love turdville,, :D

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Key Economic Events Week of 3/30

3/31 9:45 ET Chicago PMI
4/1 8:15 ET ADP Employment
4/1 9:45 ET Markit manu PMI
4/1 10:00 ET ISM manu PMI
4/2 10:00 ET Factory Orders
4/3 8:30 ET BLSBS
4/3 9:45 ET Market service PMI
4/3 10:00 ET ISM service PMI

Key Economic Events Week of 3/23

3/24 9:45 ET Markit flash PMIs
3/25 8:30 ET Durable Goods
3/26 8:30 ET Weekly jobless claims
3/27 8:30 ET Personal Inc and Spending

Key Economic Events Week of 3/9

(as if these actually matter)
3/11 8:30 ET CPI
3/12 8:30 ET weekly jobless claims
3/12 8:30 ET PPI
3/13 8:30 ET Import Price Index

Key Economic Events Week of 3/2

3/2 9:45 ET Markit Manu PMI
3/2 10:00 ET ISM Manu PMI
3/2 10:00 ET Construction Spending
3/4 8:15 ET ADP employment
3/4 9:45 ET Markit Service PMI
3/4 10:00 ET ISM Services PMI
3/5 8:30 ET Productivity & Unit Labor Costs
3/5 10:00 ET Factory Orders
3/6 8:30 ET BLSBS
3/6 10:00 ET Wholesale Inventories

Key Economic Events Week of 2/24

2/25 9:00 ET Case-Shiller home prices
2/26 10:00 ET New home sales
2/27 8:30 ET Q4 GDP second guess
2/27 8:30 ET Durable Goods
2/27 11:30 ET Goon Evans speech
2/28 8:30 ET Pers Income and Spending
2/28 8:30 ET Core Inflation
2/28 9:45 ET Chicago PMI

Key Economic Events Week of 2/17

2/18 8:30 ET Empire St Manu Idx
2/19 8:30 ET Producer Price Idx
2/19 8:30 ET Housing Starts & Bldg Perms
2/19 2:00 ET January FOMC minutes
2/20 8:30 ET Philly Fed
2/21 Fed Goons all day at Chicago Conf.
2/21 9:45 ET Markit flash Feb PMIs

Key Economic Events Week of 2/10

2/11 10:00 ET Job Openings
2/11 10:00 ET CGP Hump-Hawk House
2/12 10:00 ET CGP Hump-Hawk Senate
2/13 8:30 ET CPI
2/14 8:30 ET Retail Sales
2/14 9:15 ET Cap Ute & Ind Prod
2/14 10:00 ET Business Inventories

Key Economic Events Week of 2/3

2/4 10:00 ET Factory Orders
2/5 8:15 ET ADP Employment
2/5 9:45 ET Markit Service PMI
2/5 10:00 ET ISM Service PMI
2/6 8:30 ET Productivity & Unit Labor Costs
2/7 8:30 ET BLSBS
2/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 1/27

1/28 8:30 ET Durable Goods
1/28 10:00 ET Consumer Confidence
1/29 10:00 ET Pending Home Sales
1/29 2:00 pm ET FOMC Fedlines
1/29 2:30 pm ET Powell presser
1/30 8:30 ET Q4 GDP first guess
1/31 8:30 ET Pers Inc and Spending
1/31 9:45 ET Chicago PMI
2/2 10:00 pm ET Chiefs win SB LIV

Key Economic Events Week of 1/13

1/14 8:30 ET CPI
1/14 9:00 ET Goon Williams
1/15 8:30 ET PPI and Empire Fed
1/16 8:30 ET Retail Sales and Philly Fed
1/17 8:30 ET Housing Starts
1/17 9:15 Et Cap Ute and Ind Prod

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