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In my two-plus decades on Wall Street – including six years at one of the world’s most infamous white-collar criminals (Salomon Smith Barney); I can NEVER recall analysts encouraging investors to short stocks or markets.  Sell, yes – albeit rarely, due to the conflicts of interest and career risks I have repeatedly written of.  But actually short stocks and markets?  Rarely, if EVER…

Goldman Urges Investors to Short Gold – April 10, 2013

Published first thing in the morning on Wednesday, April 10th, two of Goldman’s finest thugs cited the common PROPAGANDA utilized by the “MAINSTREAM” to denigrate the greatest threat to U.S. dollar hegemony.  My favorite LIE is their “prediction” that the market will make a “more hawkish interpretation of recent Fed communications”…
“Damien Courvalin and Jeffrey Currie see something ominous in gold’s failure to react more vigorously to a few new items of late.  One is the mess in Cyprus, which “triggered a resurgence in Euro area risk aversion,” but didn’t do much for gold. The other is weaker U.S. economic data, which used to spur investors into gold as a haven.  But stepping back from the headlines, the firm predicts an improvement in the U.S. economy, a “more hawkish interpretation of recent Fed communication,” and fewer sovereign-debt shocks in the U.S. and Europe should each be problematic for gold.”
Barrons.com, April 10, 2013
Thus, in spite of their admitting the economy was very weak – following an uneventful March 20th FOMC meeting, in which Bennie reiterated the Fed’s QE4 policy; Goldman told investors to aggressively short gold on expectations of a “more hawkish interpretation of FOMC Minutes”; a chain of logic that even the most Wall-Street biased judge would throw out of court

Fed Reiterates Policy, Stays the Course, Markets Unchanged – March 20, 2013

Just hours after the short-sale recommendation, “minutes” of the March 20th meeting were released…

Treasuries tank after Early Release of Fed Minutes – April 10, 2013

On the heels of this supposedly “bullish” news (published at 1:00 PM EST), the “DOW JONES PROGANDA AVERAGE” didn’t budge

Dow Jones Industrial Avg 4-10-13

…while – of course – PAPER gold was smashed

New York Spot Gold Bid 4-10-13

Now, take a second look at the minutes headline above; regarding the “early release” of the report.  In other words, it was leaked – to a handful of “elites” that could utilize it for inside trading.  And would you look who received said data; yep, Wall Street banks…

Wall Street Got Leaked FOMC Minutes – April 10, 2013

…including – of course – Goldman Sachs…
“Most the people on the email list have addresses indicating they work at the House or Senate; but some are from financial services firms including Barclays, BNP Paribas, Carlyle, Citi, Goldman Sachs, J.P. Morgan Chase, Nomura, U.S. Bancorp, and Wells Fargo.”
Business Insider, April 10, 2013
Not that anything about the minutes was actually PM-bearish; as the Fed governors simply discussed what they discuss at EVERY meeting; that is, the pros and cons of current policy.  However, when coupled with maniacal naked shorting and a virulent short-sell recommendation, it’s quite easy to generate a prototypical WATERFALL DECLINE in the PAPER PM markets…

CHUTES AND LADDERS

Better yet, just one day later, Goldman Sachs’ Lloyd Blankfein; i.e., 2012’s highest-paid bank CEO…

Blankfein Leads Pay List Amid 7.7% Increase for Bank CEOs

…was part of a closed-door meeting between Wall Street’s most powerful men and the President himself…

Obama meets with Wall Street CEOs – April 11, 2013

…and what a coincidence; on the following day, the “ALTERNATIVE CURRENCIES DESTRUCTION” was launched; in which not only was gold taken down 15%…

24 Hour Spot Gold Bid 4-15-13

…and silver 20%…

 

24 Hour Spot Silver 4-15-13

…but BITCOIN, an astounding 65%…

Market Price Graph

The MSM – as always – ignored the coincidences, and quickly moved on to the next round of PROPAGANDA.  However, RANTING ANDY did not; nor did many others in our “shadow world” – where TRUTH reigns.

I am as far from a “conspiratorialist” as one can find; as I base my conclusions solely on FACT.  Thus, when I write confidently about PM manipulation, it is due to a decade’s worth of research.  And first and foremost in my research has been the study of PHYSICAL supply depletion; which has only grown more chronic in recent years.  In fact, that VERY WEEK, two of the most PM-BULLISH announcements imaginable emerged; regarding both current

Huge landslide shuts Kennecott Utah Copper’s Bingham Canyon Mine – April 12, 2013

…and future production…

Barrick heeds Chilean court, halts work on Pascua-Lama mine – April 10, 2013

…the latter of which – by the way – was just dealt a further, CATASTROPHIC blow…

Pascua-Lama reactivation to take 1-2 years or more: Chile regulator – May 30, 2013

Even before Goldman’s short-sale recommendation, PHYSICAL gold demand was skyrocketing

Physical gold demand shines in first quarter: WGC

…not to mention, PHYSICAL silver demand…

U.S. Mint Runs out of American Eagle Silver Coins, Suspends Sales – January 2013

…whilst JP Morgan’s COMEX gold inventory had been depleted to nearly ZERO…

JPM Eligible Gold Graph

…to a point that as of Monday (June 3rd), the COMEX felt the need to post this damning disclaimer on its inventory reports!

The COMEX confirms that its Gold and Silver Inventory Reports are Fraudulent

Thus, one wonders exactly WHERE Goldman expected its clients to find gold and silver to “borrow” (and thus, short); particularly when ALL of the major bullion closed-end funds are deemed “hard to borrow”…

Spott Silver Central Numbers

…let alone, as just days after said attacks, PHYSICAL demand went berserk; in both the institutional

India gold imports to surge 200% in 2Q, Asia demand to hit quarterly record

…and retail markets…

2013 American Eagle Bullion Coins Skyrocket in April Sales

…such as at Miles Franklin, where April was our BEST MONTH EVER; by 40% – as always, with 50 times more buyers than sellers

Miles Franklin Monthly Profit

Better yet, the COMEX itself has since been raided of PHYSICAL supply…

Comex Total Ounces

…as has the fraudulent ETF GLD…

SPDR Gold Trust Prospectus

…where massive PHYSICAL supplies were redeemed…

Sprott – This is why there is such a Massive Shortage of Gold

…and sent – permanently – to “points East”…

Sprott – Redemptions in the GLD are, oddly enough, Bullish for Gold

Please notice how GLD and SLV are – farcically – NOT “hard to borrow”…

…and then take a gander at the below, damning chart; which SCREAMS at to what actually occurred in April – or, for that matter, since “DOLLAR-PRICED GOLD” achieved its ALL-TIME HIGH in September 2011…

 

Demand Graph

Finally, take a look at the astonishing charts below…

…depicting how “commercial” COMEX traders – such as GOLDMAN SACHS – have not only utilized this orchestrated decline to cover PM shorts at a RECORD pace; but may actually go net long, for the first time EVER…

 

Silver Net Long Position

When the history books are written, GOLDMAN’S ‘SHORT GOLD’ CALL OF APRIL 10TH may well be recalled as an inflection point in global history.  That is, when TPTB made a “last ditch” effort to prepare for the inevitable END GAME of GLOBAL FIAT CURRENCY COLLAPSE.  That’s my story, and I’m sticking to it!