William Murphy of GATA (Gold Anti-Trust Action Committee) explains how the #8216;Cartel#8217; suppresses the price of gold The Daily Bell The editors of the Daily Bell are pleased to present this comprehensive and exclusive interview conducted by Scott Smith with William Murphy of the Gold Anti-Trust Action Committee. Introduction: Bill Murphy grew up in Glen Ridge, New Jersey [...]div class="feedflare" a href="http://feeds2.feedburner.com/~ff/YourFinancialFuture?a=JPQWF6R0ae0:IZ5fyR89dRU:yIl2AUoC8zA"img src="http://feeds2.feedburner.com/~ff/YourFinancialFuture?d=yIl2AUoC8zA" border="0"/img/a a href="http://feeds2.feedburner.com/~ff/YourFinancialFuture?a=JPQWF6R0ae0:IZ5fyR89dRU:F7zBnMyn0Lo"img src="http://feeds2.feedburner.com/~ff/YourFinancialFuture?i=JPQWF6R0ae0:IZ5fyR89dRU:F7zBnMyn0Lo" border="0"/img/a a href="http://feeds2.feedburner.com/~ff/YourFinancialFuture?a=JPQWF6R0ae0:IZ5fyR89dRU:7Q72WNTAKBA"img src="http://feeds2.feedburner.com/~ff/YourFinancialFuture?d=7Q72WNTAKBA" border="0"/img/a a href="http://feeds2.feedburner.com/~ff/YourFinancialFuture?a=JPQWF6R0ae0:IZ5fyR89dRU:V_sGLiPBpWU"img src="http://feeds2.feedburner.com/~ff/YourFinancialFuture?i=JPQWF6R0ae0:IZ5fyR89dRU:V_sGLiPBpWU" border="0"/img/a a href="http://feeds2.feedburner.com/~ff/YourFinancialFuture?a=JPQWF6R0ae0:IZ5fyR89dRU:qj6IDK7rITs"img src="http://feeds2.feedburner.com/~ff/YourFinancialFuture?d=qj6IDK7rITs" border="0"/img/a a href="http://feeds2.feedburner.com/~ff/YourFinancialFuture?a=JPQWF6R0ae0:IZ5fyR89dRU:l6gmwiTKsz0"img src="http://feeds2.feedburner.com/~ff/YourFinancialFuture?d=l6gmwiTKsz0" border="0"/img/a a href="http://feeds2.feedburner.com/~ff/YourFinancialFuture?a=JPQWF6R0ae0:IZ5fyR89dRU:gIN9vFwOqvQ"img src="http://feeds2.feedburner.com/~ff/YourFinancialFuture?i=JPQWF6R0ae0:IZ5fyR89dRU:gIN9vFwOqvQ" border="0"/img/a /div

Source: James West, Midas Letter  05/26/2009
Here we go again. The forces of legitimate money versus the incumbent purveyors of the candy floss economy squared off at the $1,000 an ounce line over which yet another battle will be fought. Arrayed against either side are formidable new elements and tried and true old ones. As usual, the first volley has been catapulted over the walls of the hucksters by the defenders of the essential timeless truth of gold’s naturally stored value against the counterfeit paper currencies.

The liabilities of the enemy have increased, and the short positions in the COMEX market are sufficiently stacked that the big bank defenders simply cannot allow gold to win decisively. G7 governments are allied against gold to a man, while emerging economic behemoths China and Russia stand in opposition.

In particular, China’s revelations that it has been in a continuous accumulation mode for the last several …

By Charles Wyatt Minesite.com Thursday, May 7, 2009 It was great timing by Adam Fleming, chairman of Fleming Family #38; Partners, to have the team from GATA in London simultaneously with Marc Watchorn, chief executive of Wits Gold. Bill Murphy and Chris Powell of GATA #8212; or the Gold Anti-Trust Action Committee, to give it its full [...]div class="feedflare" a href="http://feeds2.feedburner.com/~ff/YourFinancialFuture?a=qBXge2lwoZQ:l_5jNNQaKSo:yIl2AUoC8zA"img src="http://feeds2.feedburner.com/~ff/YourFinancialFuture?d=yIl2AUoC8zA" border="0"/img/a a href="http://feeds2.feedburner.com/~ff/YourFinancialFuture?a=qBXge2lwoZQ:l_5jNNQaKSo:F7zBnMyn0Lo"img src="http://feeds2.feedburner.com/~ff/YourFinancialFuture?i=qBXge2lwoZQ:l_5jNNQaKSo:F7zBnMyn0Lo" border="0"/img/a a href="http://feeds2.feedburner.com/~ff/YourFinancialFuture?a=qBXge2lwoZQ:l_5jNNQaKSo:7Q72WNTAKBA"img src="http://feeds2.feedburner.com/~ff/YourFinancialFuture?d=7Q72WNTAKBA" border="0"/img/a a href="http://feeds2.feedburner.com/~ff/YourFinancialFuture?a=qBXge2lwoZQ:l_5jNNQaKSo:V_sGLiPBpWU"img src="http://feeds2.feedburner.com/~ff/YourFinancialFuture?i=qBXge2lwoZQ:l_5jNNQaKSo:V_sGLiPBpWU" border="0"/img/a a href="http://feeds2.feedburner.com/~ff/YourFinancialFuture?a=qBXge2lwoZQ:l_5jNNQaKSo:qj6IDK7rITs"img src="http://feeds2.feedburner.com/~ff/YourFinancialFuture?d=qj6IDK7rITs" border="0"/img/a a href="http://feeds2.feedburner.com/~ff/YourFinancialFuture?a=qBXge2lwoZQ:l_5jNNQaKSo:l6gmwiTKsz0"img src="http://feeds2.feedburner.com/~ff/YourFinancialFuture?d=l6gmwiTKsz0" border="0"/img/a a href="http://feeds2.feedburner.com/~ff/YourFinancialFuture?a=qBXge2lwoZQ:l_5jNNQaKSo:gIN9vFwOqvQ"img src="http://feeds2.feedburner.com/~ff/YourFinancialFuture?i=qBXge2lwoZQ:l_5jNNQaKSo:gIN9vFwOqvQ" border="0"/img/a /div

I’m confident that there are thousands of blog lurking gold bugs who are going to want to comment on this article from Mark Leibovit of VRGoldLetter.com. Mark hits on a number of issues, which include a possible conspiracy theory. Mark will be on PBS tonight talking about Gold, and if you visit VRGoldLetter.com, be sure and use the promo code “INO” for a discount.

But more importantly read the piece below and let the comments fly! It’s time for all of those blog lurkers to make their thoughts and opinions known!

———————————————————————————-

In the short term, the precious metals, especially Gold, are trading counter to the stock market, but we have also seen precious metals rally along with stock market during the 2003 and 2008 bull cycle.  Regardless, in the long-term, precious metals should rally because of currency debasement and the resulting inflation which follows.  I have recently inaugurated the

...

The United States Bureau of Labor Statistics has an “inflation calculator” on their website. It allows you to enter an amount of money and a previous year and then tells you how much money you would need to have today to match the same buying power.

Just for kicks, I put the year 1980 in the calculator to see what would come out. If you had $25 then, you would need $64.54 today to purchase the same goods and services. If you had $5,000 then, you would need $12,907 to have the same buying power today.

So, what if you had $850 in 1980?  How much would you need today to match the same buying power? The government tells us that number is $2,194. Perhaps you see where I am going with this.

The previous all-time high in gold was $850 an ounce, reached in 1980. So, by the government’s own calculation (which

...

By John Herring The United States Bureau of Labor Statistics has an “inflation calculator” on their website. It allows you to enter an amount of money and a previous year and then tells you how much money you would need to have today to match the same buying power. Just for kicks, I put the year 1980 in the calculator to see what would come out. If you had $25 then, you would need $64.54 today to purchase the same goods and services. If you had $5,000 then, you would need $12,907 to have the same buying power today. So, what if you had $850 in 1980?  How much would you need today to match the same buying power? The government tells us that number is $2,194. Perhaps you see where I am going with this. The ...

By: Gene Arensberg

HOUSTON — As expected gold paused just after attempting a second assault at the big round number target with three zeros, US$1,000 this past week.   We could all feel a pullback or correction coming.Apparently sensing that the market for gold had moved too far or too fast, the very large commercial futures traders had strongly positioned for a gold correction as readers of this report know. They finally got a correction going this past week.

Gold had advanced a total of $326, or 47%, since its October panic lows near $681 in not all that much time. Indeed, the largest of the largest futures traders were evidently willing to take the short side of gold futures contracts aggressively as gold was crossing the $900 line of the gold futures battlefield as we reported in early February. As the yellow metal neared the $1,000 mark mid-month,

...

Alex’s Notes: Hat tip to Simon Heapes who pointed this article out to me this morning.

I certainly found the amazing drop in oil price strange when it occurred. When I see an amazing rise or drop, I have learned (ok call it being cynical) that many times it might just be someone tinkering in the markets.

I have seen far too much evidence of this kind of tinkering PERSONALLY to just dismiss it anymore. So when a massive shift occurs, not only do I look at market fundamentals, what the technical traders are saying, but also I look for motive and manipulation.

To assume we trade in “free markets” any more is simply naive.

Does this mean I think every move in the markets are contrived?

No, that is not what I am saying.

What I am saying is, that markets have been manipulated for far smaller incentive than the sovereignty and or control of

...

Gold Facing Comex Delivery Squeeze as Traders Fear Counterparty Risks

Gold rallied sharply last week and was up nearly 9% despite continuing uncertainty and a very mixed performance in stock markets. The US dollar index fell some 4% on the week and it looks increasingly likely that the dollar may have topped out and may soon resume its bear market. For the year, gold is now up by more than 4% in dollar terms and by much larger amounts in euros (+11.7%) and pounds (+40.4%).

http://www.marketoracle.co.uk/Article7796.html

The FT reported late Friday on the potential for squeeze in the gold market by year end which would see prices rise materially.

The FT’s Chris Flood reported that “Traders have been hearing talk that the gold market could face a potential squeeze at the end of this year if market participants with futures position on New York’s Comex exchange decide not to

...

Wall Street Journal reports gold coin shortage, cites GATA, and the US Mint suspension of Gold Eagle Sales

Submitted by cpowell on 09:21AM ET Thursday, August 21, 2008. Section: Daily Dispatches 12:15p ET Thursday, August 21, 2008

Dear Friend of GATA and Gold:

The Wall Street Journal today published a long story on the cover of its Money & Investing section about the U.S. Mint’s suspension of sales of 1-ounce gold eagle coins. Like GATA, even the Journal apparently could not get an official statement out of the Mint, but the newspaper did quote from a memorandum purportedly sent by the Mint to coin dealers. The Journal’s story, appended here, quotes GATA at the end.

GATA was contacted today by an international news organization that is also interested in the story and also has been unable to get comment from the Mint. The Mint’s unaccountability is, to say the least, disrespectful and incompetent. But

...