Central Banks Are Suppressing Gold And Silver, Sprott Tells The Gold Report (6/3/13) PDF Print E-mail
Administrator   
Wednesday, 06 March 2013 09:21

Interviewed by J.T. Long for The Gold Report

Sprott Asset Management CEO Eric Sprott couldn't be plainer about gold and silver price suppression.

"This will sound like a conspiracy theory," Sprott says, "But unusual things are happening in the gold and silver markets.

"For example, on Feb. 19, nearly an entire year's supply of gold traded on the Comex in a single day. The same volume of silver trading happened on the commodities exchange. You and I both know that the people selling that much metal cannot deliver it because it is just not available. Yet somehow they are out there, pounding down these contracts and keeping the price suppressed.

"I would hypothesize that the central bankers know their policy of printing money is the most irresponsible thing imaginable, and they are suppressing gold and silver prices to hide their irresponsibility. When one is printing that much money, gold and silver prices are the first things you would expect to rise. If we saw gold going to $2,000 per ounce, the price of oil would probably go to a new high and the price of agricultural commodities would go up. Then you would have a huge inflation problem on your hands.

"Based on my research, I believe the Western central banks have been surreptitiously supplying gold to the market."

For more on this interview go to:

The interview is headlined "Eric Sprott: Central Bankers Are Gaming Gold" and it's posted at The Gold Report here:

http://www.theaureport.com/pub/na/15052



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A Detailed Look At Bank Of England Gold - By Alasdair Macleod (6/3/13) PDF Print E-mail
Alasdair Macleod   
Wednesday, 06 March 2013 09:20

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12 Things That Just Happened That Show The Next Wave Of The Economic Collapse Is Almost Here - By Michael Snyder (6/3/13) PDF Print E-mail
Michael Snyder   
Wednesday, 06 March 2013 09:19

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“Warnings Have To Be Early To Be Effective” - By Lars Schall (5/3/13) PDF Print E-mail
Lars Schall   
Tuesday, 05 March 2013 08:30

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Fed Admits That Stock Market Gains Are Tied To Central Bank Manipulation - By Kenneth Schortjen Jr. (4/3/13) PDF Print E-mail
Kenneth Schortjen Jr.   
Monday, 04 March 2013 08:25

Examiner

On Feb. 21, the president of the Federal Reserve's regional bank in Dallas admitted in an interview that the recent gains in the stock market have come not through improvements in corporate fundamentals, or sustainable economic recovery, but instead through the artificial manipulation by the U.S. central bank in the markets themselves. Just as the Dow, S&P 500, and Nasdaq have crossed highs not seen since before the credit crisis, the primary causation for the more than 30% rally in stocks has been the continuous inflow of money by the Fed to ensure stock prices remain high.

The Fed has artificially sustained markets. - Dick Fisher, President of the Dallas Federal Reserve bank

While this revelation has not been a secret to some investors and analysts, it gives concrete evidence as to why the stock markets have climbed with little resistance to levels nearing all time record highs, even as nearly every other economic indicator points the economy in deep recession.

Since 2008, the Federal Reserve has printed trillions of dollars in stimulus money through its quantitative easing programs, and Operation Twist. A large portion of this money has been funneled by the Fed into the stock markets, and validated by Federal Reserve Chairman Ben Bernanke when he stated the positive results of QE was a rise in stock market prices. Since the Fed's charter mentions nothing about using currencies to help support equity markets, and are primarily to use their monetary powers to stem inflation and lower unemployment, the central bank appears to have abandoned its mission during the past four years, and has focused on stocks as the primary indicator for creating economic growth.

With Q4 GDP falling into negative growth, and unemployment remaining higher than when President Barack Obama took office, the tens of trillions of dollars created from central bank easing has done little to halt, or fix, the current economic downturn known as the Great Recession. And with the head of the Dallas Fed today admitting today that the central bank has been artificially manipulating stock prices higher, even this economic indicator is nothing more than an artificially created monetary bubble.





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