Should this be illegal?

ecofarm said:

What reality?

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The reality that the FED in concert with a large Bank moved 400 tons of gold in a naked short sale to manipulate the commodities market with a COMEX trade. That'd be the reality. Check with KITCO. The bank is usually Goldman Sachs or JPMorgan. In the land of "free markets." Maybe your hatband is too tight and shutting off circulation, or not.

DaveFagan said:

The reality that the FED in concert with a large Bank moved 400 tons of gold in a naked short sale to manipulate the commodities market with a COMEX trade. That'd be the reality. Check with KITCO. The bank is usually Goldman Sachs or JPMorgan. In the land of "free markets." Maybe your hatband is too tight and shutting off circulation, or not.

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Gee, this must mean everybody has 400 tons of gold lying about to deal with. Ignorance is contagious and I'm a little concerned that noone on this board knows squat about gold, money Comex, fiat currency, their private corporate Federal Reserve Bank, naked short sale, right there in front of God and everyone and they's dumbed down enough to think it's harmless. "Ignorance is bliss." Was that Hawthorne or Plato? Sometimes the wrong shampoo in high mountain air will cause the curls to be too tight, eh?

This stuff appears better in the Conspiracy section.

Or history-the "cross of gold" speech comes to mind

Why is this a problem? Maybe shorting gold brought the price down and there is a perception that gold is measured in dollars. So this made the dollar stronger which means we can buy more crap from other countries (as well as cool stuff).

Free markets is an oxymoron.

DaveFagan said:

The reality that the FED in concert with a large Bank moved 400 tons of gold in a naked short sale to manipulate the commodities market with a COMEX trade. That'd be the reality. Check with KITCO. The bank is usually Goldman Sachs or JPMorgan. In the land of "free markets." Maybe your hatband is too tight and shutting off circulation, or not.

Click to expand...

specklebang said:

Why is this a problem? Maybe shorting gold brought the price down and there is a perception that gold is measured in dollars. So this made the dollar stronger which means we can buy more crap from other countries (as well as cool stuff).

Free markets is an oxymoron.

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Shorting gold brought the price of commodities down but sent the dollar up, and that "up" kills exports. All I'm stating is that gov't intervened in a "free" market to influence pricing. That would be the Plunge Protection Team, a part of the US Treasury. If they want to do some good, they should intervene in the OIL markets and drive that price down, but that doesn't profit banks so handsomely.

specklebang said:

Why is this a problem? Maybe shorting gold brought the price down and there is a perception that gold is measured in dollars. So this made the dollar stronger which means we can buy more crap from other countries (as well as cool stuff).

Free markets is an oxymoron.

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Naked short selling is the problem

Can you sell a house you don't own (or have the rights to sell)

Can a person sell a company's shares they do not own?

Of course not

Naked short selling means that people are selling something they do not have the right to sell. They did not borrow and do not own the gold that they are short selling. The people who purchase the gold represented by the naked short sell, are in fact purchasing nothing of value, it never existed. The effect of this is to push down the price of gold, negatively effecting legit investors

Good point. Maybe the dollar being stronger is a political ploy rather than an export ploy. The Japanese are doing the opposite and maybe the mythological PPT has a deeper purpose.

It mat also be a strategy for personal gain. There seems to be a closed network of bankers and central bankers. A lot of money moves back and forth (unnecessarily IMHO) and little commissions are clipped off the top. Thus, billions can be diverted while trillions are in motion. Of course, that's a "conspiracy theory" but I actually subscribe to that. Dishonesty and blatant greed have become damn near respectable in the last 12 years.

Also, it was a good bet. Gold appears to be headed south. The panic that drove it up (and I was one of those panicked people to some extent) was based on the cease;less generation of new money and the vision that making money out of thin air would destroy its value. However, so few insiders gobbled up the majority of that money and thus its inflationary impact was muted. Now, we see that we "got away" with manufacturing these trillions so the panic has ended and PMs may settle to the current "perceived value" which is (IMHO ALERT) about $900 for gold and $14 for silver.

This price drop has effectively "disappeared" junk silver and enlarged the premiums on collectibles. In a few months, we'll be at the end game and I'll see if I'm right or wrong. PMs are 5% of my reserves so I can afford to take the losses on paper since I'm not a seller anyway., This is all legacy stuff to me.

DaveFagan said:

Shorting gold brought the price of commodities down but sent the dollar up, and that "up" kills exports. All I'm stating is that gov't intervened in a "free" market to influence pricing. That would be the Plunge Protection Team, a part of the US Treasury. If they want to do some good, they should intervene in the OIL markets and drive that price down, but that doesn't profit banks so handsomely.

Click to expand...

specklebang said:

Good point. Maybe the dollar being stronger is a political ploy rather than an export ploy. The Japanese are doing the opposite and maybe the mythological PPT has a deeper purpose.

It mat also be a strategy for personal gain. There seems to be a closed network of bankers and central bankers. A lot of money moves back and forth (unnecessarily IMHO) and little commissions are clipped off the top. Thus, billions can be diverted while trillions are in motion. Of course, that's a "conspiracy theory" but I actually subscribe to that. Dishonesty and blatant greed have become damn near respectable in the last 12 years.

Also, it was a good bet. Gold appears to be headed south. The panic that drove it up (and I was one of those panicked people to some extent) was based on the cease;less generation of new money and the vision that making money out of thin air would destroy its value. However, so few insiders gobbled up the majority of that money and thus its inflationary impact was muted. Now, we see that we "got away" with manufacturing these trillions so the panic has ended and PMs may settle to the current "perceived value" which is (IMHO ALERT) about $900 for gold and $14 for silver.

This price drop has effectively "disappeared" junk silver and enlarged the premiums on collectibles. In a few months, we'll be at the end game and I'll see if I'm right or wrong. PMs are 5% of my reserves so I can afford to take the losses on paper since I'm not a seller anyway., This is all legacy stuff to me.

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On this forum, if you badmouth the Federal Reserve, they shout conspiracy theory. Just a worn out Republican mantra and they do it out of habit or ignorance, hard to tell the difference.