I have emailed Bob more than a few time over the years. He is remarkable in his calls over the years but he always poo-pooed on the manipulation theory. I am gonna have to check in with him over in France and see what he says these days.
As per Bob, “Manipulation” is like an easy blame game for those not doing their own due diligence, and finding someone/something to blame when the “corrections” happen.
I think that is an oversimplification on his part.
I have learnt immensely from him and his website, 321gold.
But I think more than anything he does this to denigrate the manipulation-criers. Like Sinclair and Holter.
Are we to believe that the manipulation that was rampant even in the 1990s, has any reason to lessen now?
” Within days, as gold shorts rushed to cover, the price jumped from around $265 to almost $330/oz. and gold lease rates spiked to over 9%. The rally caught the major bullion banks completely wrong-footed, resulting in the panic later described by Edward A.J. George, then Governor of the Bank of England (Complaint, ¶ 55):
We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it. It was very difficult to get the gold price under control but we have now succeeded. The U.S. Fed was very active in getting the gold price down. So was the U.K.
Not to mention he flew a single engine aircraft under the base of the Eiffel Tower. That video up on 321 years ago. I’m guessing he did that in the mid 80’s. Pretty cool video as he recorded in the cockpit and had a culprit on the ground.
Myself I see it appalling that BNS doesn’t lose its banking license when you read the ruling. ie they intentionally mislead the regulators. In my past career one loses his license for this kind of thing
One game, and one way it gets played, is or will be to say, “Oh, of course we all knew. It was obvious, but…” (many variations and forks of what follows those words).
For what it’s worth, few if any people asked me, but I have let it known what I thought for decades now, which is that it was obvious and well documented. Moreover, it was well documented especially by GATA. I have some significant respect for Chris Powell though I don’t agree with him, among other things for some of the company he has kept, but maybe he has felt forced.
In the case of silver I believe it has easily been obvious since the Hunt brothers episode actually. In the case of gold, I think it has easily been obvious for a long time, going way back if you include Nixon and dollar/gold and FDR and undoubtedly many prior historical events. Coin cuttings and shavings by kings before that.
It’s an open secret now…
I wonder how they would have used charting to achieve this with validity. Perhaps a breakdown that should have gone around the apex but didn’t 🙂
The chartology and fundamentals always seems to win out, but the manipulation causes distortions.
Will a certain Bob Moriarty still deny manipulation?
It is beyond blatant!
And the fines are a ridiculous wrist-slap.
I have emailed Bob more than a few time over the years. He is remarkable in his calls over the years but he always poo-pooed on the manipulation theory. I am gonna have to check in with him over in France and see what he says these days.
As per Bob, “Manipulation” is like an easy blame game for those not doing their own due diligence, and finding someone/something to blame when the “corrections” happen.
I think that is an oversimplification on his part.
I have learnt immensely from him and his website, 321gold.
But I think more than anything he does this to denigrate the manipulation-criers. Like Sinclair and Holter.
Are we to believe that the manipulation that was rampant even in the 1990s, has any reason to lessen now?
” Within days, as gold shorts rushed to cover, the price jumped from around $265 to almost $330/oz. and gold lease rates spiked to over 9%. The rally caught the major bullion banks completely wrong-footed, resulting in the panic later described by Edward A.J. George, then Governor of the Bank of England (Complaint, ¶ 55):
We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it. It was very difficult to get the gold price under control but we have now succeeded. The U.S. Fed was very active in getting the gold price down. So was the U.K.
”
http://www.goldensextant.com/SavingThemselves.html
GL
Not to mention he flew a single engine aircraft under the base of the Eiffel Tower. That video up on 321 years ago. I’m guessing he did that in the mid 80’s. Pretty cool video as he recorded in the cockpit and had a culprit on the ground.
Actually that video is up on YouTube should you want to check it out.
Bob Moriarity=Primadona
Myself I see it appalling that BNS doesn’t lose its banking license when you read the ruling. ie they intentionally mislead the regulators. In my past career one loses his license for this kind of thing
There are many games.
One game, and one way it gets played, is or will be to say, “Oh, of course we all knew. It was obvious, but…” (many variations and forks of what follows those words).
For what it’s worth, few if any people asked me, but I have let it known what I thought for decades now, which is that it was obvious and well documented. Moreover, it was well documented especially by GATA. I have some significant respect for Chris Powell though I don’t agree with him, among other things for some of the company he has kept, but maybe he has felt forced.
In the case of silver I believe it has easily been obvious since the Hunt brothers episode actually. In the case of gold, I think it has easily been obvious for a long time, going way back if you include Nixon and dollar/gold and FDR and undoubtedly many prior historical events. Coin cuttings and shavings by kings before that.