confounded

Thanks Goldfinger, some way to run yet just to hit the 70's first peak.

I like this graph and is one of the reasons why I was wondering if they could be allowing it to run a bit before hammering it down again, similar to the 1970's, before the real action comes as all fiat unravels in 10 years time? What price level would gold need to hit in $ terms before we reach the 1975's first peak?

I am a follower and believer in gold as real money but also fall into the camp that believes every part of our capital markets are being manipulated. Where have the smack downs gone? I am a believer that the USD is staring into the abyss but also believe it has some life in it yet. In 08 I felt we should have exceeded the current price but because of continued intervention they kept a lid on it. Why have the stepped back now? Could they be trying to create a blow out top or is there some other motive?

This is August's figure released a few weeks ago.

http://www.zerohedge.com/article/ben-berna...ermanys-hyperin

Is this the reason for the counter trend 5% rise on Friday? http://www.zerohedge.com/article/civil-and...et-manipulation Civil And Criminal Probes Launched Against JP Morgan For Silver Market Manipulation Yes, it is really happening. After years and years and years of market manipulation, JPMorgan is about to realize there is only so far you can push your luck against the criminal envelope. In other news, when silver doubles shortly, Andrew Maguire is about to become a patron saint to generations of long-suffering gold and silver "bugs" the world throughout. From Michael Gray of the NY Post. Federal agents have launched parallel criminal and civil probes of JPMorgan Chase and its trading activity in the precious metals market, The Post has learned. The probes are centering on whether or not JPMorgan, a top derivatives holder in precious metals, acted improperly to depress the price of silver, sources said. The Commodities Futures Trade Commission is looking into civil charges, and the Department of Justice's Antitrust Division is handling the criminal probe, according to sources, who did not wish to be identified due to the sensitive nature of the information. The probes are far-ranging, with federal officials looking into JPMorgan's precious metals trades on the London Bullion Market Association's (LBMA) exchange, which is a physical delivery market, and the New York Mercantile Exchange (Nymex) for future paper derivative trades. JPMorgan increased its silver derivative holdings by $6.76 billion, or about 220 million ounces, during the last three months of 2009, according to the Office of Comptroller of the Currency. Regulators are pulling trading tickets on JPMorgan's precious metals moves on all the exchanges as part of the probe, sources tell The Post. JPMorgan has not been charged with any wrongdoing. The DOJ and CFTC each declined to comment, as did JPMorgan.

Not had a chance to read this but I am sure it will be of interest. At the same time the corruption is common knowledge now. http://www.zerohedge.com/article/project-m...ted-silver-etfs During our research into the inventory lists of the iShares SLV and London-based ETFS physical silver funds, we discovered multiple anomalies which cannot be easily dismissed. These included the presence of internal duplicates, rough internal duplicates, weight duplicates, statistical clustering, and cross-reference duplicates. Taken together, these anomalies are cause for concern, and we suggest that more capable teams conduct further research into these issues, as they effect price discovery within the precious metals market, as these ETF shares are being used for settlement and possibly pricesuppression on the COMEX. If these problems are caused by accounting errors, they are disturbing and perhaps profoundly incompetent, and we suggest both these funds should have their senior management replaced. In our opinions, the only way for all of these anomalies to occur together as noted in this paper, is via systemic fraud or gross accounting error bordering on jaw-dropping incompetence.

1KG below £18K! I sold out at £21,625 (not saying this in an antagonistic way), where is this heading, I have a bad feeling they can't combat the deflation.

Thanks guys

Thanks I'll check it out. The manipulation has really spooked me in the past and I guess once bitten twice shy. As stated I am completely in the gold camp as being the only real currency but we are in uncharted territory and the spike in the 80's was clearly a learning point for those in charge. I am still of the view they will have one more attempt to knock it down, well I was today and when it fell below 900 I thought it was happening then bam. Now looks like it could go either way, and if it was not for the threat of a smack down (A lot less evident since the Election passed!) my bet of course would be up. Edited Anyone know the best place to buy this, I usually use the book depository and they don't stock it.

I guess that's what happens when you print lots of money. Fed pumps $1.2tn into US economy http://news.bbc.co.uk/2/hi/business/7951493.stm Will any of this limitless printing be used to suppress gold? That is what is always nagging at the back of my mind, I have never disputed the role gold should play and bought into that a while ago (although not earlier enough to accumulate at the lows).

Great post, and is how I have been reading it recently, but in a much less informed way.

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Not dismissing this as a possible outcome, hyperinflation through currency collapse, I just don't think we are at that stage now, but given the speed things can happen I may regret taking my current stance. My View on the 1970-80's spike is it got away from them, it is not possible to beat the market they can only chose the best possible times to have maximum effect and the cause the appearance they want. Also they would have learnt from it and probably know now more than ever the effect high gold price has on a the confidence in a fiat system. If I was them I would be striking on gold soon. I actually think the run up in 2007 was manipulated I think it would have been a lot higher than the $1000 it got to. Banking institution that had been around for 130 years collapsing and gold did not even reach an inflation adjusted high from a relatively minor in comparison crisis. I remember the regular 1:30 and 3:30 smack downs which we have not seen for a while now and which is making me feel uneasy currently. Many of you guys were informed enough to buy physical at the right time, If I owned physical gold at £350/oz or less then there is no way I would be selling it. I absolutely do not feel this is the end of the bull market for gold, however I believe this is the picture they will try and paint. There is still a chance the market could get away from them and we see the highs you quote, I don't see those figures as crazy but I stand by my view this may not be the time for that rally. Circumstance change rapidly and I reserve the right to change my mind again