On January 25th, 2011, the Egyptian Revolution commenced at Tahrir Square, Cairo; where the public finally ousted Hosni Mubarek after 30 ruthless years of dictatorship. Sadly, the political situation has significantly worsened…
Fresh Crisis in Egypt over Muslim Governors – June 18, 2013
…as has the economy – where inflation is spreading like the PLAGUE…
…but don’t worry, the U.S. PROPAGANDA MACHINE says “all’s well”…
Supporting Egypt’s Democratic Transition
I remember that day well, as I was skiing with Mike Krieger at Vail Mountain. It was late in the afternoon, and we were just getting off the slopes. Having heard the Egyptian news in the morning, I assumed gold would be dramatically higher; until, of course, I looked at my phone to see it was up just $6/oz. At second glance, I saw that after having blown through the attempted 12:00 PM EST “cap of last resort,” gold was stopped cold by a prototypical “CARTEL HERALD” algorithm at EXACTLY 2:00 PM EST…
At the time, the Cartel only utilized 3:00 AM EST, 8:20 AM EST, 10:00 AM EST, and 12:00 PM EST as their “KEY ATTACK TIMES”; as opposed to today’s vastly more desperate world – where they have added “THE 2:15 AM” and 7:00 AM EST opens of the London and New York “pre-market” sessions, respectively.
However, when I saw another 2:00 PM EST PAPER RAID just two days later, I was sure they had added a new, late day KEY ATTACK TIME to their repertoire; which I promptly named the “CRYBABY ATTACK” – given its obvious use when earlier KEY ATTACK TIMES failed to “achieve their objectives”…
Since April 2013’s “ALTERNATIVE CURRENCIES DESTRUCTION” – coincidentally when COMEX “commercials” like JP Morgan started aggressively covering their PAPER shorts; the Cartel has utilized all KEY ATTACK TIMES in an “UNPRECEDENTED” display of unabashed price suppression…
…but particularly in recent weeks, as the CACOPHANY surrounding the Fed’s potential June 19th “tapering” announcement increased in both frequency and intensity…
On June 10th through 12th, for example, we saw the 2:00 PM EST “CRYBABY ATTACK” every day…
…particularly when gold approached the then “line in the sand” at the KEY ROUND NUMBER of $1,400/oz…
…and subsequently – prompting this topic – on June 18th; following an entire afternoon of what appears to be a “$1,368 capping algorithm”…
Remember, the reason I so exhaustively point out the MANIPULATION utilized in TPTB’s soon-to-fail attempt at a 2013 “NEW YORK GOLD POOL” is to empower you to realize what you see on your screen is NOT REAL. Ultimately, free market supply and demand will overwhelm these CRIMINALS; and when it does, you will be shocked at how much higher “post-pool” PM valuations will be – not to mention, how terrifying the world may become…
Open letter to the Fed, USG and BIS
Dear Sir
Media is rife with credible reports that the Fed, ESF and BIS triad is behind the very apparent vicious bear raids and frankly patently obvious suppression of gold and silver.
Any denial would only add insult to injury, since the most acquainted and informed experts all agree that there could be no other entity which would trade in the blatantly impious manner in which huge volume has been dumped on the thinnest of markets, with the clear intent on maximum price destruction.
We therefore posit the following question to you:
• Why would you wager all the people’s gold to satisfy standing contracts from such truly injudicious raids? All that gold will be gone forever, to China, at massive discount prices; a treasonous act by any stretch of the definition.
• Do you consider it fair and equitable that sovereign entities can rig and manipulate the gold and silver markets in collusion with WS banks, which then front-run this illegal operation and profiteer hugely at the expense of all the other market participants not in on the scam? It has even been suggested that this is the very reason for the criminal raids; to re-capitalize the bankrupt banks at the expense of the hard working citizens!
• Are the people, who work hard, produce all the wealth and make society with their sweat and diligence, held in such sheer contempt and scorn, and treated as expendable, that they can be used as cash cows to be milked, more like raped and looted, just for the sake of bailing out some shiftless banking cabal which got themselves into financial difficulty through fraud and crime?
• Do you have any consideration for the billions and trillions invested by people all over the world in gold, silver and the PM mining industry, from mining to savings, which are all being destroyed; trillions of live time savings, livelihoods of millions of workers, families and children, all for an iniquitous system that only thrives on fraud, crime and the looting of hard working people?
The notion that suppressing gold, and hence lower prices, will have a constructive effect on the US$ or interest rates has so widely been discredited that it is utterly surprising that the Treasury, Fed and BIS are still holding on to such inane folly.
In fact it has been proven time and again that rigged markets always produce the exact opposite outcome to the intent, and then so with gusto, much more exacerbated than had markets not been manipulated in the first place.
So rigging gold and silver is a fools game, and most would agree, a despicable crime of immense proportions on par, if not greater than the Libor, IRS, CDO, drug money laundering or ISDAfix scandals of late!
We’d appreciate hearing your position on this matter and look forward to your explanation and answers to our questions.
Many thanks in advance
Kind regards