Gold Market Manipulation

Inquiries in England yesterday centered around Gordan Brown's involvement in selling Britain's gold reserves.

Was This a Bailout of the Multinational Bullion Banks Involving the NY Fed, writes Jesse's Café Américain? ... The sticky issue is not so much the actual sale itself, but the method under which the sale was taken and who benefited... There is also a credible speculation that the sale was designed to benefit a few of the London based bullion banks which were heavily short the precious metals, and were looking for a push down in price and a boost in supply to cover their positions and avoid a default. The unlikely names mentioned were AIG, which was trading heavily in precious metals, and the House of Rothschild. The terms of the bailout was that once their positions were covered, they were to leave the LBMA, the largest physical bullion market in the world.

"LONDON, June 1, 2004 (Reuters) -- AIG International Ltd., part of American International Group Inc., will no longer be a London Bullion Market Association (LBMA) market maker in gold and silver, the LBMA said on Tuesday."

LONDON, April 14, 2004 (Reuters) — NM Rothschild & Sons Ltd., the London-based unit of investment bank Rothschild, will withdraw from trading commodities, including gold, in London as it reviews its operations, it said on Wednesday.

... There are also some who think that the gold sale provided a front-running opportunity for that most rapaciously well-connected of Wall Street Banks, Goldman Sachs. Gold, Goldman, and Gordon.

This is the undercurrent of the inquiries in England today, and the controversy surrounding Brown's Bottom. There is thought that the information disclosed on the London sales will be heavily redacted to protect the involvement of the US Federal Reserve bank, which is said to have engaged in gold swaps to further depress the price, in conjunction with a major producer and a NY based money center bank.

AS FOR TODAY

There is much more concerning the Federal Reserve and the four top banks in the United States, and any search will bring up more articles than I wish to discuss here regarding their role in the manipulation of gold.

GATA (Gold Anti-Trust Action Committee) has long been accumulating evidence that indicates that the gold price is suppressed. GATA has implicated the US Government, the Federal Reserve and the major bullion banks as the perpetrators of the scheme. GATA has also explained the motive behind the crime. It is to maintain the purchasing power of the US dollar artificially high by concealing inflation, and as a result keep interest rates artificially low. This is at the core of the “strong dollar” policy instigated by Robert Rubin, but the tools and mechanisms by which this policy is implemented were never explained to the public. They are, however, explained clearly by GATA with mountains of documented evidence...

The CFTC (Commodity Futures Trading Commission) Bank Participation Report provides data on the holdings of US banks. From these reports it is clear that two US banks dominate and, therefore, control the price of precious metals, these being JPMorgan Chase and HSBC. This entire Market Force Analysis is here.

As for a public meeting scheduled for today with the CFTC to examine trading, well, it appears the head of precious metals trading at HSBC has bowed out from presenting, instead handing the ball off to a trader who won't have the full deck of information about what HSBC is really up to. Meanwhile, JP Morgan won't be represented at all." This according to Casey Research.

You be the judge about putting your money into this kind of stock market? I absolutely would not touch it.