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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (164208)	11/9/2023 2:08:57 AM
From: Goose94	Read Replies (2) \| Respond to of 203844

Gold: Got Gold Get Gold. Gold market rigging is just part of central banking's comprehensive rigging and deception November 8th 2023 Today's edition of The King Report, the outstanding daily financial letter written by Bill King of M. Ramsey King Securities in Burr Ridge, Illinois, is excerpted below, reminding readers that surreptitious manipulation of the markets by the U.S. government extends far beyond gold -- that it is and long has been comprehensive. For example, who has ever seen a mainstream financial news organization, financial letter writer, or gold market analyst (outside of GATA) pursuing the bombshell that was buried in a Bloomberg report from July 31 last year about the prosecution of the JPMorganChase gold traders for manipulating the monetary metals markets? The Bloomberg report was headlined "From Profits to Pay, JPMorgans Gold Secrets Spill Out in Court" From Profits to Pay JPMorgan's Gold Secrets Spill Out In Court -- and GATA called your attention to it when it was published: gata.org The report's very last paragraph reads: "Another set of important clients were central banks, which trade gold for their reserves and are among the biggest players in the bullion market. At least 10 central banks held th eir metal in vaults run by JPMorgan in 2010, according to documents disclosed in court." Even Bloomberg itself does not seem to have pursued this detail -- that central banks do far more with their gold reserves than let them sit in their own vaults as emergency cash; that they also store gold reserves with JPMorgan, the biggest bullion bank, because they are actively trading the monetary metal, intervening in the gold market surreptitiously to influence currency exchange rates and asset prices, as Bank for International Settlements executive William R. White admitted they do in 2005: BIS official: Central banks cooperate to influence gold price Manipulation of the gold market is bad enough. Indeed, it is crucial to the manipulation of other markets insofar as the price of gold powerfully influences interest rates and the price of everything else. If allowed to trade freely, gold would expose the falsity of manipulated prices. But even worse is that even in nominally democratic countries the basic un derlying purpose of modern central banking is deception. The power of governments and central banks to create and allocate infinite money and thus control the prices of all capital, labor, goods, and services in the world is a huge power. But it is not their greatest power. Their greatest power is conferred upon them by the failure of financial news organizations to challenge them and expose their deception. Cris Powell, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. CPowell@GATA.org