Hutch you say gata can not prove their case because there has been and is now zero activity documented or present in reality for gata to obtain to show what they say is true. Bad grammer, sorry. But Hutch, now you say you have evidence to prove gata's claims. Duh'ation Hutch, is it 2B or not 2B?
YOUR definition of manipulation is faulty. In saying that there is no proof available for manipulation, I can then say that there is evidence that GATA would love to have. You talk about two faces, GATA is two faced. They are attempting to skew any evidence to prove a fallacy. If I said to you I've sold gold spot to lower gold futures & thus buy the futures; you come up and say I'm deliberately trying to manipulate the Gold market. But what I'm really doing is taking on the risk of lower future gold prices. It's not manipulation. The US Fed has many times sold gold, and has just as many time BOUGHT gold futures. Japan has been doing it for years. But Gold derivatives aren't listed on the US Fed notices. You see everything as black and white. This is the problem when you have Lawyers trying to skew evidence to fit a case. Problem is that Central Banks have the powers to work in the derivatives futures markets at will. Japan is notorious for such actions. They've bought many US treasuries via Bond options, and while selling the yen to push such bonds into the money…. This is ALSO not manipulation. If Bill Murphy, you and others had a better understanding of the markets in general; then GATA wouldn't of likely happen. But then you wouldn't be looking for someone to blame for your life. Nearly one of my first posts on the Gold Price Monitor said that gold would fall to $250. And that was 2 years before such actions occurred. Does such predictions come with the gift of knowing the right people, or the ability to due the right homework. You see, some people strive to understand everything about an investment before they speculate. With all that said, let me spell it out for you again:
There has been no manipulation of the US Fed into the gold markets, but I still have documents that said they've sold MANY times. And most times occurred at localized lows.
And don't forget: The Central Banks have a right to make a profit.
Hutch
PS: I fear nothing. In 1982 I was dead, I know someday I'll be dead again. Until then, the party is on; and nothing can bother me.
Now Doug, answer me this one question:
Are you a pawn working for GATA? |
