Historical Tape Of Gold - Silver We have been tracking - Difference between the market mechanism & manipulation By Seymour Hersh -

I First became interested in gold, and later in silver, around 2007 as a result of an intense Financial Crisis Study that I first became interested in gold because one cannot understand money and international trade historically without understanding gold. And in another intense study of financial crises and bubbles like 1929, prompted by my own ringside seat at the tech bubble at the end of the twentieth century, I became intrigued by the role of money and paper and their interactions with real things and people.

Most manipulations of markets are control frauds by their nature, and contain all the usual characteristics of fraud. There is opacity, because frauds thrive in the dark, and on the asymmetric availability of information. There are always a few and very powerful insiders who have the ability to know more than others, to have access to privileged information, and to be able to manipulate the rules and the market mechanisms for their own purposes and advantage.

This is the heart of it. Everything else is detail, which you can surely find out in any amount of depth you may wish. But anyone who is watching these markets closely can no longer miss it unless they are naive or willfully blind.

This is The First Major / Crucial Alert We Identified during 10 May - 12 June - where we assume the manipulation started - Hope Most of visitors and followers who are tracking us from quite some time - It was during the Same time We Initiated  "OIL SEASONAL MOVE ALERT "

This is the conclusion we update  in the previous Middle East Tensions Escalating What is in it for International Crude Prices 105.25 - 109 or 123 ??  Then what is in it for Gold - Operation Twist Which will be later turn out to be a false pattern once the bears are squeezed - the press behaves almost bottomed but from nowhere give up and tumble - Which happened be a ditto Scenario market followed

NEED LITTLE - WANT LESS - LOVE MORE

"A CREDIBILITY TRAP IS A CONDITION WHEREIN THE FINANCIAL, POLITICAL AND INFORMATIONAL FUNCTIONS OF A SOCIETY HAVE BEEN COMPROMISED BY CORRUPTION AND FRAUD, SO THAT THE LEADERSHIP CANNOT EFFECTIVELY REFORM, OR EVEN HONESTLY ADDRESS, THE PROBLEMS OF THAT SYSTEM WITHOUT IMPAIRING AND IMPLICATING, AT LEAST INCIDENTALLY, A BROAD SWATH OF THE POWER STRUCTURE, INCLUDING THEMSELVES.

THE STATUS QUO TOLERATES THE CORRUPTION AND THE FRAUD BECAUSE THEY HAVE PROFITED AT LEAST INDIRECTLY FROM IT, AND WOULD LIKE TO CONTINUE TO DO SO. EVEN THE IMPULSE TO REFORM WITHIN THE POWER STRUCTURE IS SUSCEPTIBLE TO VARIOUS FORMS OF SOFT BLACKMAIL AND COERCION BY THE SYSTEM THAT MAINTAINS AND REWARDS.

AND SO A FAILED POLICY AND ITS SUPPORT SYSTEM BECOME SELF-SUSTAINING, LONG AFTER IT IS SEEN BY OBJECTIVE OBSERVERS TO HAVE FAILED. IN ITS FAILURE IT IS COUNTERPRODUCTIVE, AND AN IMPEDIMENT TO RECOVERY IN THE REAL ECONOMY. ADMITTING FAILURE IS NOT AN OPTION FOR THE THOUGHT LEADERS WHO RECEIVE THEIR POWER FROM THAT SYSTEM.

THE CONTINUITY OF THE STRUCTURAL HIERARCHY MUST THEREFORE BE MAINTAINED AT ALL COSTS, EVEN TO THE POINT OF BECOMING A PAINFULLY OBVIOUS, ORGANIZED HYPOCRISY.

THE BANKS MUST BE RESTRAINED, AND THE FINANCIAL SYSTEM REFORMED, WITH BALANCE RESTORED TO THE ECONOMY, BEFORE THERE CAN BE ANY SUSTAINABLE RECOVERY.

"Seymour Hersh Calls It now or Lets say He confirmed our thoughts and the reasons" ??

19 DECEMBER 2013

Seymour Hersh: On the Push For War Against Syria

The discussion of this lead up to war certainly came and went quickly.

One thing that comes out in this interview is the determined opposition to the Administration's goals and the power of the Executive Branch that came out of the intelligence community and the Pentagon.  Perhaps there were some lessons learned in the Iraq war after all.

It is too bad that the lessons presented from the financial crisis of 2008 have not had a similar effect.

Hersh's closing remarks on the role of journalism are quite simple and to the point.

18 DECEMBER 2013

Gold Daily and Silver Weekly Charts - FOMC Day in Paperland  - The Fed Chairman Wears Nada

Today was pretty much what I had expected. It was Christmas meat on the table from the Fed, mostly roasted jawbone.

The 'taper' was meaningless, except to take the talk about when it would start off the table. The FOMC went out of its way in the verbage to signal accommodative policy and money for nothing for the foreseeable future.

Despite the big rally in stocks, what did the Treasuries market do?  Nada.  I rest my case.

The hit on gold and silver was consequential only because JPM has locked up most of the registered inventory on the Comex, and after all, today was an FOMC day when monetary inflation was affirmed. Rik Green has some interesting observations about this here. 

Goldbroker published an interview with Le Patron on the correction in the Gold Market today here.

The problem these jokers are going to run into is that as they increasingly run policy to form a dual economy, with the wealthiest few taking the majority of the gains, the lack of demand in aggregate is going to continued to pressure the real economy, and eventually stretch the social fabric to the breaking point.

And some may expect this, and look at it as an opportunity. Winning.

SP 500 and NDX Futures Daily Charts - Year End Rally as Fed Spreads Holiday Cheer

"I am not alone at all, I thought. I was never alone at all. And that, of course, is the message of Christmas. We are never alone. Not when the night is darkest, the wind coldest, the world seemingly most indifferent. For this is still the time God chooses."

Taylor Caldwell

Today's action was all end of year window dressing and bonus pumping, triggered by the 'tiny taper' from the Fed, in which they pledged to reduce the rate at which they are expanding their balance sheet and handing money over the primary dealers at a slightly slower rate.

Low interest rates were unmistakably pledged for as far as the eye can see. And this is probably why stocks rallied, other than this is the time to boost financial asset prices to maximize those bonuses.

FOMC Decision: Token Taper in a Trompe l'œil Recovery

The Fed is not 'unwinding its Balance Sheet' as the spokesmodel said on Bloomberg TV. They have slightly decreased the rate at which they are expanding it in the QE II program, roughly reducing the rate of expansion by about 12%, from $85 billion per month to a mere $75 billion per month.

Stocks rallied as I expected they might, given that this is the time to deck the halls with boughs of folly.  And naturally gold and silver were hit.