RE: Gold Silver Prices Completely Manipulated - DONT SELL!

[Mrs. Sharon B. Hodge]

They know people are stockpiling gold and silver and now trying to bankrupt everyone even further through manipulated price drop and panic selling - HOLD ONTO THOSE PRECIOUS METALS YOU WILL NEED IT WHEN THE DOLLAR COLLAPSES COMPLETELY IN THE NEXT FEW MONTHS!!

THE SCHEME OF BILDERBERG'S CASHLESS MICROCHIPPED SLAVERY IS COMING AND THIS WOULD ONLY HELP THEM ACHIEVE THAT SATANIC AGENDA!!

THEY WANT YOU TO WAIT IN THE FEMA LINE AND GET CHIPPED WHEN YOU CAN NO LONGER BUY FOOD WITH THE TOILET PAPER US DOLLAR! JUST WAIT WHEN A MASSIVE FALSE FLAG EVENT TAKES PLACE!





Cashless society by 2012, says VISA chief



Cashless Society In US By 2017


Mark of the Beast (666) - Bilderberg Group's Microchip & Insurance


----------------- Original Message -----------------
From: LIBERTY CALLING IS READY!
Date: Aug 21, 2008 1:57 PM


http://www. atimes. com/atimes/Global_Economy/JH22Dj01. html

----------------- Bulletin Message -----------------
From: The WhiteRose Resistance
Date: Aug 22, 2008 1:18 PM

The smoking gun behind the gold/silver price suppression scheme

Submitted by cpowell on Fri, 2008-08-22 17:46
Section: Daily Dispatches

2:45p ET Friday, August 22, 2008

Dear Friend of GATA and Gold:

Just as James Turk of GoldMoney and the Freemarket Gold & Money Report discovered in government documents the "smoking gun" of the gold price suppression scheme, silver market analyst Ted Butler has just discovered in government documents the "smoking gun" of the silver price suppression scheme, as well as another "smoking gun" for gold

In commentary published today, Butler examines data from the US Commodity Futures Trading Commission and reports:

"As of July 1, 2008, two U.S. banks were short 6,199 contracts of COMEX silver (30,995,000 ounces). As of August 5, 2008, two U.S. banks were short 33,805 contracts of COMEX silver (169,025,000 ounces), an increase of more than five-fold. This is the largest such position by U.
S banks I can find in the data, ever

"Between July 14 and August 15, the price of COMEX silver declined from a peak high of $19.
55 (basis September) to a low of $1222 for a decline of 38 percent

"For gold, three U.S. banks held a short position of 7,787 contracts (778,700 ounces) in July, and three U.
S banks held a short position of 86,398 contracts (8,639,800 ounces) in August, an 11-fold increase and coinciding with a gold price decline of more than $150 per ounce

"As was the case with silver, this is the largest short position ever by U.S.
banks in the data listed on the CFTC's [Internet] site This was put on as one massive position just before the market collapsed in price"

GATA urges U.
S citizens to forward Butler's report to their members of Congress and ask for an investigation of the CFTC's refusal to enforce commodity trading law in the gold and silver markets

You can find Butler's commentary, headlined "The Smoking Gun," at GoldSeek's companion site, SilverSeek, here:

http://news. silverseek. com/TedButler/1219417468. php (posted below)

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc

* * *

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The Smoking Gun

By: Theodore Butler

-- Posted 22 August, 2008

..

For years, the data contained in the weekly Commitment of Traders Report (COT), issued by the CFTC, have indicated that several large COMEX traders have manipulated the price of silver and gold.
For an equal number of years, the CFTC has reluctantly responded to public pressure over this issue with blanket denials of any wrongdoing Many analysts have agreed with the CFTC's position, conjuring up various ways to explain why a massive short position held by a handful of traders is not manipulative

The recent widespread shortage of silver for retail purchase coupled with a price collapse appears to have shaken these analysts' confidence that the COMEX silver market is operating 'fair and square' Well it should, since there is no rational explanation for a significant price decline going hand in hand with product shortages other than collusive manipulation

For any remaining doubters that COMEX silver and gold pricing is manipulated, the following CFTC data should be considered This data is taken from a monthly report issued by the CFTC, called the Bank Participation Report Here's the link for the report -

http://www. cftc. gov/marketreports/bankparticipation/index. htm The relevant data is found in the July and August futures sections I will condense it

These facts speak for themselves. Here are the facts. As of July 1, 2008, two U.S. banks were short 6,199 contracts of COMEX silver (30,995,000 ounces). As of August 5, 2008, two U.S. banks were short 33,805 contracts of COMEX silver (169,025,000 ounces), an increase of more than five-fold. This is the largest such position by U.
S banks I can find in the data, ever Between July 14 and August 15^th, the price of COMEX silver declined from a peak high of $19.
55 (basis September) to a low of $1222 for a decline of 38%

For gold, 3 U.S. banks held a short position of 7,787 contracts (778,700 ounces) in July, and 3 U.S. banks held a short position of 86,398 contracts (8,639,800 ounces) in August, an eleven-fold increase and coinciding with a gold price decline of more than $150 per ounce.
As was the case with silver, this is the largest short position ever by US banks in the data listed on the CFTC's site This was put on as one massive position just before the market collapsed in price

This data suggests other questions should be answered by banking regulators, the CFTC, or by those analysts who still doubt this market is rigged. Is there a connection between 2 U.
S banks selling an additional 27,606 silver futures contracts (138 million ounces) in a month, followed shortly thereafter by a severe decline in the price of silver? That's equal to 20% of annual world mine production or the entire COMEX warehouse stockpile, the second largest inventory in the world How could the concentrated sale of such quantities in such a short time not influence the price?

Is there a connection between 3 U.S. banks selling an additional 78,611 gold futures contracts (7,861,100 ounces) in a month, followed shortly by a severe price decline in gold? That's equal to 10% of annual world production and amounts to more than $7 billion worth of gold futures being sold by 3 U.
S banks in a month How can this extraordinary concentrated trading size not be manipulative?

Because prices fell so sharply after the short sales were taken (with the appropriate dirty tricks as I have previously explained) holders of known physical silver in the world suffered a decline in value of more than $2.5 billion and long COMEX silver futures holders suffered a similar $2.5 billion decline in the value of their contracts. In gold, because the dollar value held is much greater than silver, investor losses were much greater, on the order of hundreds of billions of dollars on their physical holdings. Declines in the value of mining shares adds many billions more.
Was this loss of value caused by the concentrated short selling of 2 or 3 US banks?

What real legitimate business do 2 or 3 U.S.
banks suddenly have for selling short such quantities of speculative instruments over a brief time period? Do we want banks to be engaging in this type of activity? If the manipulation was not successful, would US taxpayers be called on to bail out yet another bank speculation gone bad?

Do the traders who lost money in the recent price collapse of silver have a reason to believe that their money is now in the pockets of these two or three US banks? If so, do they have recourse?

The data in the Bank Participation report is clear and compelling. that it is hard to conclude anything but manipulation.
It is beyond credulity to conclude other than two or three banks caused one of the most severe price collapses in precious metals history The CFTC has a lot to answer for as the regulatory agency responsible for preventing this type of blatant manipulation

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----------------- Original Message -----------------
From: Eddie NWO Censored




GATA August 3, 2008 - Bill Murphy of GATA. org and LeMetropoleCafe. com discusses the economy and the gold and silver markets with Mike Maloney of GoldSilver. com (part 1 of 3)


part 2 of 3


part 3 of 3

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US mint suspends gold coin sales; futures price is a fiction
*******************************************************************

GATA - Gold Anti-Trust Action Committee
August 15, 2008

http://www. gata. org/node/6489

Dear Friend of GATA and Gold:

The US Mint has suspended sales of American Eagle gold coins and is refusing orders from dealers, two coin and bullion dealers confirmed Thursday

The mint's suspension of gold coin sales follows its tight rationing of sales of silver eagle coins, begun in May, when sales to the public were terminated and sales to the mint's 13 authorized dealers were tightly limited

Word of the mint's suspension of gold coin sales came from the American Precious Metals Exchange in Edmond, Oklahoma, (http://apmexdealer. blogspot. com/2008/08/news-alert-us-mint-suspen......) and from Centennial Precious Metals in Denver, Colorado

The suspension is overwhelming evidence that the futures contract price of gold on the commodities exchanges is substantially below the physical market price and that, indeed, the commodities exchanges are being used as GATA long has maintained -- as part of a massive scheme of manipulation of the precious metals, currency, and bond markets

Michael Kosares, proprietor of Centennial Precious Metals and host of its Internet bulletin board, the USAGold Forum (http://www. usagold. com/cpmforum/), explained Thursday:

"The US Mint buys direct from the refiners, and this suspension of gold eagle sales may be an indication that the supply line is already backing up, or that the mint expects that it will back up for the rest of the year. I wonder who would give up physical metal at these prices and under these circumstances except distressed sellers. The central banks are in a hunker-down mode as far as I can determine, and it's the mines that supply the refiners. So if the mint, which buys from the refiners, is having a difficult time locating metal, what does that tell you? I keep saying that we may get a surprising rubber-band effect later in the year when the pre-holiday/festival season kicks off in September/October. It may happen sooner. One of our indicators of approaching a bottom in gold is how many calls Centennial Precious Metals gets from our US-based Indian clientele. Here's a quote from my office's report to me at the end of the day today: 'Today was a good day. ... There must have been an Indian convention where someone was handing out USAGold business cards' That may give you a clue as to thinking in India proper and probably the rest of the Asian rim"

That is, through their agents the bullion banks the Western central banks, desperate to prop up a corrupt and totteringt financial system, have put gold so much on sale that even the US Mint can't find any now The price reported from the commodities markets is a fiction -- a scary one, perhaps, but a fiction no less

You can strike a blow at the market riggers who are defrauding the world -- just buy a little real metal The dealers listed at the bottom right of this dispatch will be glad to help you do it

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc

(I take the following report from Bloomberg with a grain of salt)


*****************************************************
Goldman cuts gold view on dollar, overvaluation
*****************************************************

Reuters
Thu Aug 14, 2008

http://www. reuters. com/article/hotStocksNews/idUSN143218062008081...

NEW YORK (Reuters) - Goldman Sachs slashed its forecast on gold prices on Thursday, citing overvalued bullion and expected strength of the dollar against major currencies

The US brokerage said it lowered its 3-month gold outlook to $745 an ounce from its previous view of $890 an ounce

"The US dollar has recently begun to show initial signs of strength as the fundamental picture for the dollar has improved substantially in recent weeks," Goldman told clients in a research note

Goldman said that according to its model, gold had overshot its fair value over the past few weeks and the metal is now trading near its price estimate

Goldman also cut its gold forecast to $810 from $905 on a 6-month basis, and to $740 from $810 on a 12-month basis

The dollar has recently soared against the euro -- which fell below $148 to its weakest level since February

Meanwhile, the price of gold has tumbled in the past 30 days.
It traded at $812 an ounce on Thursday, sharply below its recent high of $98775 set on July 15

A higher greenback makes dollar-denominated gold more expensive for investors holding other currencies Gold is also used as a hedge against the falling US dollar

Last Thursday, UBS investment Bank also cut its one-month gold forecast by 15 percent to $850 an ounce from $1,000 an ounce, citing improving risk appetite, stronger equities and a firmer dollar

Last November, Goldman told investors to sell gold in 2008 to take advantage of the falling prices as the dollar steadied, and it named the strategy as one of its top 10 tips for this year

(Reporting by Frank Tang; Editing by Christian Wiessner)


***********************************************************************
Gold Drops Below $800 an Ounce in Asia as Dollar Strengthens
***********************************************************************

Bloomberg News
By Dave McCombs

http://www. bloomberg. com/apps/news?pid=20601087&sid=aUvoAunrr...

Aug 15, 2008 (Bloomberg) -- Gold tumbled below $800 an ounce in Asian trading as the dollar headed for its longest winning streak in more than two years, reducing the appeal of the metal as an alternative investment to US assets

Oil, gold, copper and corn have plunged from records this year as the dollar strengthened and concern mounted that slower global economic growth will cut demand for raw materials Silver and platinum also tumbled today amid increasing expectations the Federal Reserve won't cut interest rates

....It's really a reshuffle of assets away from commodities, a sector rotation,'' Jon Nadler, a senior analyst at Kitco Minerals & Metals Inc. in Montreal, said in a telephone interview today. ....Investors see that the Fed is resolved to fight inflation by hiking rates,'' which may help push up the dollar, he said

Gold for immediate delivery fell as much as $17.15 to $789.47 an ounce, a 2.1 percent decline from yesterday in New York and the lowest since Dec. 17. The metal traded at $796.72 an ounce at 10:22 a.
m in Tokyo

Immediate-delivery silver plunged 12.1 percent to $12.46 an ounce, the lowest since Sept.
14, before trading at $1298

Platinum for June delivery dropped 5.4 percent to 5,104 yen a gram ($1,445 an ounce) at 10:02 a.
m local time on the Tokyo Commodity Exchange

The dollar climbed to a 5 1/2-month high versus the European single currency, heading for a fifth weekly gain, on speculation a drop in oil prices will support economic growth in the US, the world's largest consumer of the fuel

The dollar gained to $1.4762, the strongest since Feb. 21, before trading at $1.4773 as of 9:50 a.m.
in Tokyo from $14826 yesterday

To contact the reporter for this story: Dave McCombs in Tokyo at [e-mail]