Freedomshift

It was almost inevitable: a week after we wrote " From Rothschild To Koch Industries: Meet The People Who "Fix" The Price Of Gold " and days after " Barclays' Head Of Gold Trading, And Gold "Fixer", Is Leaving The Bank ", earlier today the UK Financial Conduct Authority finally formalized what most in the "tin-foil" hat community had known for years, when it announced that it fined Barclays £26 million for manipulating "the setting of the price of gold in order to avoid paying out on a client order." Furthermore, the FCA confirmed that those inexplicable gold raids which come as if out of nowhere, and slam gold with a vicious force so strong sometime they halt the entire market, had a very specific source: Barclays , whose trader Daniel James Plunkett, born 1976 , "sent out a burst of orders aimed at moving the price of the yellow metal." Read more: here

While the FT promptly retracted an article on precisely the topic of gold manipulation from earlier this week ( recorded for posterity here ), Bloomberg appears to not have had the same "editorial" concerns and pressures, and today released an article once again slamming the final conspiracy theory that while every other asset class is manipulated, gold is in a pristine class of its own, untouched by close-banging, price fixing traders or central bankers, and reports that "the London gold fix, the benchmark used by miners, jewelers and central banks to value the metal, may have been manipulated for a decade by the banks setting it, researchers say. " Read more: here

During silver (SLV) and gold's (GLD) terrific move in 2011, very few analysts warned that a correction could come to shakeout all the Johnny come lately's (momentum traders) who were pushing gold and silver to nosebleed levels. I got nervous as hell back in 2011, when the day traders and mass media started picking up the precious metals story and I warned of a correction. In April of 2011 I was interviewed by CBS Marketwatch and was quoted saying, "I am very concerned that silver may be overheating as the herd tries to force their way into this trade." This drastic move higher was to me a warning sign that we may see a significant shakeout. I wrote articles published all throughout the Internet at the end of 2010/2011 warning my readers to protect themselves from a shakeout or correction. See the article entitled, "Is a Healthy Correction Overdue In Gold and Silver?" These same analysts who told you to buy silver in April 2011 or to buy go...

This week few will have missed reports that Germany is getting closer to bringing its gold investment reserves home. Following questions asked in Parliament in 2012 regarding the 3,396 tonnes of gold bullion, the Bundesbank are set to announce tomorrow a new concept in how they store Germany’s gold reserves. Reported in an exclusive by German newspaper Handelsblatt, Buba intends to remove some of its gold held in New York, and all of the gold held by the Banque de France. Considering various representatives of the German central bank denied claims that they would be looking into repatriating the gold bullion investments , one has to wonder what’s made them take such a decision. When the repatriation issue raised its head late last year, the mainstre...

Drums keep pounding rhythm to the brain La dee da dee dee La dee da dee da The beat goes on! Here’s the world’s most successful investor talking about our favorite metal: Warren Buffett on gold: “You can fondle it, you can polish it, you can stare at it. But it isn’t going to do anything.” Except protect you from losing every dime! “Gold really doesn’t have utility,” the 80-year old told shareholders at Berkshire Hathaway’s annual general meeting. “I’d bet on a good producing business to outperform something that doesn’t do anything.” Yes, so would we. And we’d usually rather have a jacket from Ralph Lauren…or Brooks Brothers…than a Life Jacket. And we’d usually like to see a pick-up truck or a delivery truck in our driveway, rather than a fire truck. And we’d much rather spend the night with Julia Roberts stark naked than with a heart surgeon in full medical regalia. But hey…guess what? There’s a time and a place for everything. Why did God bother to create gold, a...

Gold rose as high as $1,518.30 (£918.70) an ounce during morning trading in Europe, before falling back. Silver briefly reached an all time high of $49.79 an ounce before retreating to $49, still the highest since 1980. Investors have been buying precious metals as a haven against inflation and recent geopolitical turmoil. Analysts say gold could even trade even higher. "We as a company believe that we may see $1,600 an ounce by the end of the year," said Angelos Damaskos, a fund manager at Sector Investments, which specialises in gold and oil investments. Read more: Here

From GoldCore.com Gold Just 1% From Record Nominal High of $1,444/oz – Risk of Dollar Crisis Increases By Day The U.S. dollar and yen are under pressure again today while gold and silver have taken breathers after yesterday’s gains (see table). Rather than gold and silver rising in price, we are seeing the continual devaluation of the U.S. dollar, the yen and all fiat currencies and thus their prices falling against the precious metals. Incredibly, the dollar has lost 7.5% of its value in less than 3 months (since January 7th 2011) and more than 17% in just 8 months since August 2010. Hence the nominal record highs in gold and silver. The volatility and sharp falls in the dollar are leading to deepening inflation throughout the world (as seen in the UK inflation rate of 4.4% today). Read more: Here

The small group of gold enthusiasts who started out few in numbers a few years back has made a parabolic move over the past year or so much like their projections for the future price of gold. They now number an unbelievable 108 who have stated, with sound reasons in their opinions, why gold could quite possibly go to a parabolic top of at least $2,500 an ounce – to even as much as an unimaginable $15,000 – before the bubble finally pops! In fact, the majority (65) maintain that $5,000 or more for gold is likely. In this article I identify the economists, academics, analysts and financial writers who hold such a lofty opinion of the prospects for gold and provide the URLs of their articles so you can ascertain for yourself their logic for such parabolic moves in the years to come. ( Please note: This is a one-of-a-kind article which no doubt will get a great deal of attention and be posted on a large number of other financial sites and blogs. This is encouraged but to ...