Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

More Evidence Pointing To Manipulation In Gold Market? GLD, MUX, TNR.v, GDX


We are putting all the pieces together in this Crime Of The Century - Gold Market Manipulation. So far it has allowed China to accumulate all the available gold on the cheap and a lot of industry experts are talking about the upcoming surprise now - when China will announce the much larger holdings of Gold than it is believed to be holding now.

Andrew Maguire: Gold Smashdown, FED Defends The Dollar And How Goldman Sachs Operates. GLD, MUX, TNR.v, GDX

"Andrew Maguire presents to us the chronicles of ongoing war behind the curtain with FED defending the US Dollar at the crucial level 0.80 and how the FED's #1 Gold Prime Dealer Goldman Sachs operates in the Gold market. Now we have more information on why Goldman Sachs has issued the Sell Call on Gold last Wednesday.

All these revelations will never lead to the higher Gold prices without Buyers and one can argue that this manipulation can go forever. According to the Andrew Maguire the key crucial difference now is that Central Banks are buying and, particularly, China is taking all available Gold for physical delivery now."


Adam Hamilton: Cheap Gold Stocks- Opportunity of a Lifetime? GDX, MUX, TNR.v, GLD

"Adam Hamilton provides us with another set of observations for the fundamental and technical state of the market of gold mining equities. Fundamentals have never been better for Gold and increased Debt Ceiling does mean the increasing amount of debt and further debasement of US Dollar.

Very heavy manipulation in the Gold market is used in order to conceal the real situation with Gold available for delivery among LBMA banks and on the COMEX. As it has happened before, Gold investor's confidence is being killed just before major monetary expansion."


Catalyst: Uncovering China's Rush for Gold GLD, GDX, MUX, TNR.v

"While a lot of people are still wondering why the Gold is beaten down again, it is important to keep the big picture in front of you. As it is happening with Copper now the main player in this market is the same - China is on track to implement state level plan to diversify US Dollar based assets.

We would like to share with you brilliant report conducted by Jan Skoyles on this subject."

Counting Pips:

More Evidence Pointing to Manipulation in Gold Market?

By Michael Lombardi, MBA for Profit Confidential

While I avidly follow the actions of central banks to see where the gold bullion prices may be headed next, when I look at them today, their actions are speaking louder than words.

Central banks have pretty much stopped selling gold bullion, which is very important. In 1999, a number of central banks in Europe formed an alliance and agreed that they would not sell more than 400 tonnes of gold bullion per year. The agreement was called the Central Bank Gold Agreement (CBGA). In 2004, the CBGA was renewed again; this time the limit was 500 tonnes. Once again, it was renewed for another five years in 2009, and the limit is back to the sale of no more than 400 tonnes of gold bullion per year.

The chart below shows how much gold bullion the central banks in Europe sold in each period of the CBGA. (Source: World Gold Council web site, last accessed October 11, 2013.)

* Sales are until 2013.






  Years Sales in Tones
CBGA 1 1999-2004 2000
CBGA 2 2004- 2009 1884
CBGA 3* 2009-2014 200.3

Notice anything different? The central banks in Europe have put the brakes on their sales of gold bullion. In fact, from September 27, 2012 to September 26, 2013, these central banks only sold 5.1 tonnes of gold bullion! This is hands down the lowest amount sold since the agreement started in 1999.

When it comes to stocks, if owners of a stock aren't selling and there's a significant number of buyers who want to buy, the price of the stock usually goes up as the simple rule of economics come into play: supply and demand.

Sadly, when it comes to gold bullion prices, this is not the case. Gold bullion prices are actually going down despite less supply and more demand. The price action in the gold market doesn't make sense. What if all the conspiracy theories I keep reading about in respect to gold bullion prices being manipulated are right?

As I ponder manipulation in the gold bullion market, I heard recently that the U.S. Justice Department is looking into manipulation in the $5.0-trillion-a-day foreign exchange market. Traders in big banks around the global economy are accused of manipulating key exchange rates. (Source: Reuters, October 11, 2013.) If the biggest market in the global economy can be manipulated, why can't the gold bullion market be manipulated?

I'm sticking to my guns; the depressed prices of well-managed senior and junior gold-producing companies are a screaming opportunity for investors."