I am going to write something a bit more philosophical than usual.
Yes we want the ugly ideas banned but in doing that we ban the original (possibly) ideas.
But winedoc says I think too much.
Still for the thinkers:
www.youtube.com/watch?v=i5SUSmedMm8
put the wide screen on and surround
aurum
you will see that at the bottom of my last post
past that was a name which apparently can not be said
hey I am more argumentative than most - but I want the arguments!
Men behind the curtain change that.
Unless they are totally - what racial whatever - leave it
usual trouble maker
aurum
paid subscription to a ‘guru’ newsletter about four years ago, and I dont bother much any more with freebie things I can access from so-called gurus. I prefer to invent my own misjudged calls and to suffer accordingly. p.s. I still like keeping an investment position in some PM stocks and warrants and also in natural gas and in some other dividend-paying stocks. Equiz
i set in puerto escandido with about 100 Canadians during the hockey gold cup…watched the game on Canadian broadcasting..which i found more tasteful that our american..i loved the rcb man with his blue suit and bowler hat..could not here what they were saying in the commercials..found it interesting EVERYONE booed when they showed a close up of stephen harper…and yes i found my self rooting for Canada….met some charming canadians…
cheers
puptent
I am struggling as we are all.
but read this site
plenty I disagree with but I agree with this
toss your gurus - use your own system if not use cash.
aurum
the one thing (or mostly) Ment was right about
is it “informed” or “entertained”
usual trouble maker
aurum
\
just agreed to some further reductions of their nuclear arsenals, it does mean, as near as I can tell, that decomissioned nuclear warheads will place more nuclear energy power into the marketplace without having to produce new yellowcake from uranium sources in the ground. In this context, I think Mr. Dines misread his crystal ball entirely when in the early 2000’s he persuaded many of us that uranium stocks were the next big thing to be invested in. I got sucked into his misreading of how this would unfold. We still hold some shares of Mega Uranium and Pinetree Capital, thanks to Mr. Dines’ urging. I cant blame Mr. Dines. I just blame myself for lack of foresight and for being influenced by Mr. Dines’ suggestions. Wishing you a pleasant weekend. Equiz.
is it “informed” or “entertained”
usual trouble maker
aurum
I’ve been reading the tent regularly since the beginning and may have posted for awhile early on but frankly it’s been so long I’ve forgotten. I’ve been fully invested in physical gold and silver and dozens of exploration stocks and small producers for most of the last 12 years. It’s been quite a roller coaster ride but mostly more profitable than I could have done anywhere else.
I appreciate all you regular posters who have kept me entertained and informed while I sat back and just read. To tell you the truth, I have a bit of an anxiety problem when I contribute to these forums. For some reason it gets my heart beating fast and nervous energy pumping thru my veins. I’m hoping that I can contribute to the discussion without having a nervous breakdown. Ha! We’ll see!
Having bought lots of physical back in 1998 and 1999 at much lower prices, I have specialized in searching out and investing in the precious metals stocks for my retirement income. (I retired from working as a programmer analyst in 2005) It really bothers me to sell some stock every month to pay the bills, but my accounts keep growing anyway so it’s working so far.
I hope to be posting fairly regularly if you’ll have me. By the way. I’m in the Northwest.
Or, does that prove that it is a Jewish conspiracy ….? 
I hope you read the Marianne interview link that winedoc posted.
www.youtube.com/watch?v=T86tKSEdLpQ
aurum
interesting than Canadian politics - no surprise there - but please let me alert you to the link below which I think is one indicator of a slow evolution happening in Canada. One corollary is that there is now less of a fascination amongst young people in this country with the old Liberal fortresses of Ontario and Quebec. About 8 paragraphs from the end of the link below, note the following paragraph: “As Mr. Ignatieff himself observed, power is shifting to the west. Every year, Canada becomes more Pacific than Atlantic. Most of the 250,000 immigrants who flood into Canada each year are from South or East Asia. And they are as likely to vote Conservative as Liberal”
It does not escape me that the increasing Pacific and Asian focus of Canada will have implications for sources of investments in western Canadian mineral and energy resources. I think that the traditional north-to-south focus, as in Calgary/Houston or as in Ontario/American industrial heartland, will slowly fade in prominence as western Canada’s links to the Pacific and to Asia strengthen.
Best wishes. Equiz.
Remember the look by President Bush when he was told that the US was Under Attack? Remember how long it took him to respond to this news? (5 to 7 mins if I recall) Lets see - the US is under attack, ok but I’ll be right with you in 5 to 7 minutes - this classroom is very important to me right now…hhmmmm
Now think how pathetic Eliud Ramirez’s [CFTC] response is to Andrew Maguire;
Mr. Maguire,
(1st response) Thank you for this communication, and for taking the time to furnish the slides.
(2nd response after threatening to go public) I have received and reviewed your email communications. Thank you so very much for your observations.
THAT’S IT! OBVIOUSLY THEY KNEW AND DIDN’T (or do) CARE WHAT WAS GOING ON! Maquire: “A serious amount of money was made and lost today and in my opinion as a result of the CFTC’s allowing by your own definition an illegal concentrated and manipulative position to continue.”
They play the game by their rules, rig the refs, and who wins?….how often does that happen?…..really…every time……wow
Fractal Gold Report for March 27, 2010
By David Nichols
dnichols@fractalpublishing.com
Gold accomplished what it had to on Friday, getting back up to close out the week above $1,104, and keeping the daily and weekly charts firmly in neutral.
The close was actually a bit better than it looks on these charts, as $1,104 is the futures settlement price, and not the level where the last trades were executed, which was $3 higher at $1,107.
There is really nothing “wrong” with the weekly price pattern, as this is still just a typical consolidation pattern. The only slightly unusual feature on this weekly pattern has occurred over the last 2 weekly candles, with first the tail up, then the tail down, but ultimately no net movement.
It looks like gold is working itself into equilibrium ahead of an impending major cycle date. April 1st and April 5th are the leading candidates now for the next strong surge of energy, which should see gold release upwards after a full 86-day (4 month) consolidation period.
On the daily chart, making it back up to $1,107 has taken the daily fractal dimension to even higher consolidation readings, now up to 61. There is a ton of energy available on the daily chart, and the weekly chart.
This has now been a really long consolidation period in gold, as it has been 4 full months without even a daily trend. This means that the next trend, when it finally arrives, is likely to be a whopper. So even though it can be frustrating to slog through a lengthy consolidation, it’s important not to lose focus right as the big move is finally ready to launch. This is an explosive set-up.
Gold started an uptrend on the 150-minute chart with the breakout over $1,094, as I discussed in yesterday’s report.
There was even a late stab higher to try to get over $1,108, but it didn’t take off with so little time left in the trading day.
There is more room for gold to extend up early next week, and it looks like gold could make it back up to the $1,128 area - even up to $1,145 — and still keep the daily and weekly charts in neutral, ahead of the expected energy surge in early April.
Jesse…
25 March 2010
Whistleblower Speaks Out On J. P. Morgan’s Market Manipulation - Reports Violations to the CFTC in the Silver Market
Do we have another Harry Markopolos here, describing in detail the manipulation of the silver markets by J.P. Morgan to the CFTC? How does this square with the testimony today from the CFTC Commissioners, who seem to indicate that the markets are functioning extremely well, and that investor can have full confidence in them?
I am led to understand that Mr. McGuire had offered to testify before the CFTC today, and that he was refused admittance. I do not know him, or the position he is in within the trading community. I cannot therefore assess his credibility or the validity of any evidence which he may present or possess. But I have the feeling that nothing will come of this…
jessescrossroadscafe.blogspot.com/2010/03/bombs
hell-whistleblower-steps-forward.html
-END-
Some features and news stories regarding GATA’s appearance at the CFTC…
Tyler Durden
Zero Hedge
March 26, 2010
Earlier today the CFTC held a sham hearing in which, among other thing, the organization discussed position limits in PM speculation, because, you know, it’s the mom and pop speculators that destroy the precious metal market (not JP Morgan or the New York Fed mind you). The hearing could not have come at a more opportune time. GATA has just broken a major story, in which a London metals trader-slash-whistleblower exposes JP Morgan’s silver price suppression/manipulation scheme. At this point none of this should be at all shocking, and the only thing that matters is when CFTC’s ex-Goldmanite Gary Gensler will be fired for allowing hundreds of billions of dollars to be sucked out of the PM market on behalf of such major market manipulating entities as JP Morgan and the New York Federal Reserve, for whom it transacts. Don’t worry – the answer to that rhetorical question is “never”, as it is the administration’s goal to make all the millionaires among the bulge bracket firms billionaires, via legalized theft from honest investors. Furthermore, if indeed the CFTC is complicit in these manipulative events, as GATA suggest, we hope our objective mainstream media readers enjoin GATA in seeking justice for this criminal breach of proper regulatory enforcement.
From GATA:
Additional Statement by Bill Murphy, Chairman
Gold Anti-Trust Action Committee
to the U.S. Commodity Futures Trading Commission
Washington, D.C., March 25, 2010
***
WALL STREET FIXES GOLD PRICES
www.americanfreepress.net/rss/afp.xmlhttp:
//www.americanfreepress.net/rss/afp.xml
By Pat Shannan
A leading precious metals watchdog group says it has compelling proof the prices of gold and silver have been manipulated for years by Wall Street firms, and it is demanding government regulators take action.
The Gold Anti-Trust Action Committee (GATA) was formed in January 1999 to expose and oppose the manipulation and suppression of the price of gold. Its frustrated efforts to expose manipulation in the gold market parallel Harry Markopolos’s seven-year quest to expose the Madoff ponzi scheme to the Securities and Exchange Commission.
What it has learned over the past 11 years is of great importance to the Commodity Futures Trading Commission’s (CFTC) forthcoming hearings regarding position limits in the precious metals futures market.
GATA’s chairman, William Murphy III, says, “GATA has evidence there are enormous physical short positions in the gold and silver markets that cannot be covered.”
In a letter to CFTC Chairman Gary Gensler, a former partner at Goldman Sachs who once supported market deregulation now blamed for the recent financial meltdown, Murphy charged that GATA has collected reams of evidence “that Western central bank gold has long been mobilized and surreptitiously dishoarded to rig the gold market and influence related markets, and that this rigging has drawn upon the U.S. gold reserves.”
He urged the CFTC to report on these markets and take appropriate action.
The CFTC is meeting as this newspaper goes to press on March 25 to establish position limits in the gold, silver and other precious metals markets. However, it could be none other than the CFTC’s core banks and Gensler’s former Goldman bosses that form the very core of the biggest market manipulation collusion syndicate in the history of the commodity markets.
www.americanfreepress.net/html/ema
il_newsletter.htmlhttp://www.america
nfreepress.net/html/email_newsletter.html
Murphy wrote to Gensler on March 8: “Because of the decades-long interference with the gold market, we estimate the free-market price of gold is multiples of the current price. Growing stress caused by burgeoning physical bullion demand is threatening to lead to a price explosion, which will restore to the market the balance that regulation has failed to maintain. In our view, the Comex [New York Commodities Exchange] paper market will become dysfunctional, with ‘force majeure’ having to be declared as the concentrated shorts are unable to deliver on their obligations.”
If GATA indeed has the evidence of massive physical positions impossible to cover, and should this evidence be made public, the repercussions for the price of gold and silver will be unprecedented.
Dedicated AFP readers will remember it was GATA that two years ago spent $265,000 for a full-page, onetime advertisement in The Wall Street Journal asking in broad headlines: “Anybody Seen Our Gold?” GATA’s ad warned, “This manipulation has been a primary cause of the catastrophic excesses in the markets that . . . threaten the . . . world.”
What GATA had warned against has come to pass, and its investigation has not ceased.
In pursuit of Obama’s “transparency in the federal government,” GATA has made Freedom of Information Act requests to the Federal Reserve and Treasury Department for a candid accounting of their involvement in the gold market, particularly in regard to gold swaps.
In a reply to GATA’s lawyers dated Sept. 17, 2009, Fed Governor Kevin M. Warsh acknowledged that the Federal Reserve has gold swap agreements with foreign banks but insisted that such documents remain secret. As a result, last December, GATA sued the Federal Reserve in the U.S. District Court for the District of Columbia, seeking access to the Fed’s withheld records of gold swaps.
In his lengthy letter, Murphy told Gensler, “Initially we thought the manipulation of the gold market was undertaken as a coordinated profit scheme by certain bullion banks, like JPMorgan, Chase Bank and Goldman Sachs, and that it violated federal and state anti-trust laws. But we soon discerned that the bullion banks were working closely with the U.S. Treasury Department and the Federal Reserve in a gold cartel, part of a broad scheme of manipulation of the currency, precious metals and bond markets.”
GATA has long implicated the Comex as being a mechanism by which gold and silver price suppression is implemented, and the smoking gun is the excessive concentration of bullion bank positions in the gold and silver futures markets that enables market manipulation.
The CFTC’s own reports of November 2009 show that just two U.S. banks held 43 percent of the commercial net short position in gold and 68 percent of the commercial net short position in silver. In gold, these two banks were short 123,331 contracts but long only 523 contracts, and in silver they were short 41,318 and long only 1,426.
Murphy asks, “How improbable is it that these two banks attract most of the investors who want only to sell short?” He went on to point out that GATA knew that the two banks that hold these large manipulative short positions, JPMorgan Chase and HSBC, held more than 95 percent of the gold and precious metals derivatives of all U.S. banks, with a combined notional value of $120 billion.
This concentration dwarfs the concentration in the gold and silver futures markets and should raise great concern about the lack of position limits on the Comex. Giving CFTC one more hurdle before closing, Murphy wrote, “It is also disturbing to us that HSBC is the custodian for the major gold exchange-traded fund, GLD, and that JPMorgan Chase is the custodian for the major silver exchange-traded fund, SLV. It is a significant material omission to fail to disclose to GLD and SLV investors that the custodian banks of the two exchange-traded funds have an interest in falling prices in the futures and derivatives markets.”
He pointed out that detailed daily monitoring of gold trading reveals the pattern that the gold price consistently falls in the darkness of early dawn New York time when the gold cartel’s traders report to work in London, and again following the evening gold price fix, when physical market pricing has concluded for the day, and in the access market following the Comex close.
www.americanfreepress.net/html/street_fixes_gold_216.html
Pat Shannan is the assistant editor of American Free Press. He is also the author of several videos and books including One in a Million: An IRS Travesty and I Rode With Tupper, detailing Shannan’s experiences with Tupper Saussy when the American dissident was on the run in the 1980s. Both are available from FIRST AMENDMENT BOOKS for $25 each.
Subscribe to American Free Press. Online subscriptions: One year of weekly editions—$15 plus you get a BONUS ELECTRONIC BOOK - HIGH PRIESTS OF WAR - By Michael Piper.
Print subscriptions: 52 issues crammed into 47 weeks of the year plus six free issues of Whole Body Health: $59 Order on this website or call toll free 1-888-699-NEWS .
***
GOLD-Manipulation? Wisst ihr, wie man Wildschweine fängt?
www.boerse-go.de/nachricht/GOLD-Manip
ulation-CFTC-Anhoerung-Wisst-ihr-wie-man-
Wildschweine-faengt-Barclays-Goldman-
Sachs-JPMorgan-Chase-Gold-Silber,a2118373,b117.html
-END-
Financial Times:
Dispute over curbs on metal futures
By Gregory Meyer in New York
Published: March 26 2010 04:35 | Last updated: March 26 2010 04:35
US commodities regulators on Thursday poured cold water on complaints by gold, silver and copper traders urging limits on banks and investment funds trading in metal futures.
The Commodity Futures Trading Commission hosted a rare public meeting on metals after years of complaints from small investors that banks unfairly depress gold and silver prices.
Long dismissed by the CFTC, the investors were given a boost in January when the commission proposed hard caps on banks and speculators’ positions in energy markets.
But while the US is the global capital of energy and grain futures trading, it plays a supporting role to London in metals markets. This raises the threat that a US futures crackdown would push trading away from those exchanges the CFTC regulates.
“The United States and, more pointedly, the exchanges registered with the commission, are not the market’s epicentre,” said Scott O’Malia, one of five commissioners at the body.
Commissioner Michael Dunn said new limits on futures trading without authority elsewhere “may result in less transparency in our markets.”
The CFTC nonetheless gave witnesses hours to testify on US metal futures, predominantly traded on New York’s Comex exchange.
Bill Murphy, chairman of the Gold Anti-Trust Action Committee, said JPMorgan and HSBC held “large manipulative short positions” in precious metals on the Comex, and said burgeoning bullion demand threatened to lead to a “price explosion”. Gold hit a record of more than $1,200 an ounce in December.
Jeremy Charles, HSBC’s global head of precious metals, acknowledged that the bank held short, or selling, positions in US futures but said it did so to hedge the prices of gold and silver in its London vaults. JPMorgan declined to comment.
The gold and silver investors were joined by others worried metals prices had been pushed too high, or at least distorted. The Copper and Brass Fabricators Council alleged investment funds were the “major driver” behind rising copper prices. Many industry analysts attribute the price levels to industrial demand in Asia.
A high-frequency trader who locates his computers near the servers of CME, the exchange operator that owns Comex, said that concentrated selling positions could destroy the US silver futures market.
Bart Chilton, another commissioner, sympathised with their concerns, saying the CFTC needed to “fast track” limits on metals.
The CFTC released data showing that about half the world’s gold is traded in London, and a third on Comex. Comex absorbs about half the world’s silver volume.
-END-
CFTC HEARING
GATA’s Murphy produces evidence suggesting specific instance of silver and gold manipulation at CFTC hearing
Testimony from GATA’s Bill Murphy to the CFTC hearing in Washington could be embarrassing for some major investment banks.
Author: Lawrence Williams
www.mineweb.co.za/mineweb/view/mi
neweb/en/page72068?oid=101525&sn=Detail&pid=1
-END-
You do not know how disappointed we are.
But I suppose all male fantasies are doomed to failure except when we move into music and are on a better (higher) ideal.
aurum
Dave from Denver…
backwardation alert
I just noticed this. Spot gold as per Kitco is trading about 60 cents above June gold and spot silver trading a couple cents above May silver. If this holds thru Sunday nite, we might see some serious upside fireworks next week. Especially since I just read that credit default swaps on US Govt bonds are trading wider than yields aaa-rated Euro-zone sovs. Means the market thinks the risk of default is greater for the US than for the euro. The article was in the Wall Street Journal.
The poster advocates not standing up for yourself, or your rights, or your country. Just lay down and take it like worm.
Thanks for that, very interesting. How do we entice a poster like that over here?
14 minutes ago
(AP:MINNEAPOLIS) A company that guarantees federal student loans says personal data on about 3.3 million people has been stolen from its headquarters in Minnesota.
Educational Credit Management Corp. said Friday the data included names, addresses, Social Security numbers and dates of birth of borrowers _ but no financial or bank account information.
The St. Paul-based nonprofit says the data was on “portable media” stolen last weekend. Details aren’t being released because of law enforcement’s ongoing investigation.
ECMC says credit protection agency Experian will provide affected borrowers with free credit monitoring and protection services. Those who believe they may be affected are encouraged to visit http://www.ecmc.org or call 1-877-449-3568. http://www.ecmc.org ___
On the Net:
Educational Credit Management Corp.: http://www.ecmc.org
Got you!! I was buying up all the shares people sold because of my post! Thank you, all you suckers!
because they head into the swamp.
They are all idiots.
lower everyone’s wages because of healthcare costs…. many unhappy campers….
many not like democrats….