Posts Tagged ‘GATA’

News Coverage of the Maguire ‘Whistleblower’ Car Accident in the States

News Coverage of the Maguire ‘Whistleblower’ Car Accident in the States

Courtesy of JESSE’S CAFÉ AMÉRICAIN

I received this news story from an astute reader.

I also asked a GATA news source why Mr. Maguire had not discussed the accident in his interview with King World News. He is reported to be ‘very concerned’ for his safety and is reluctant to discuss this aspect of his coming forward. I think this is understandable. It must be very hard to do this sort of thing.

The mainstream media in the US is very slow to pursue investigative pieces, with a few notable exceptions. It has in too many cases become an extension of the corporations that own the once proud newsrooms.

Here also is a new interview by Eric King of King World News with Chris Powell, Adrian Douglas, and Bill Murphy on this and related topics.

NYPost
JPMorgan ‘chase’ story in UK
By MICHAEL GRAY
March 29, 2010

A London-based precious-metals trader who had accused JPMorgan Chase of manipulating the gold and silver markets was involved in a bizarre weekend car accident that triggered a police chase before the suspect was nabbed.

Andrew Maguire, a metals trader at the London Bullion Market Association, and his wife were traveling in their car when a second car coming out of a side street struck their vehicle. That car then hit two more vehicles before fleeing.

London cops using helicopters and patrol cars chased the hit-and-run driver before nabbing that person, whose name has not been released by authorities.

Maguire and his wife were released from the hospital yesterday. London police would not comment on the accident investigation.

The hit and run occurred after Maguire’s name came to light Thursday during a US Commodities Futures Trading Commission hearing on limiting gold and silver positions held by large market participants in order to prevent manipulation.

During the hearing, Maguire was identified as having sent e-mails to Bart Chilton, a CFTC commissioner, and Eliud Ramirez, head of the commission’s enforcement division, alleging that JPMorgan had used its massive metals positions to manipulate the commodities markets.

In one e-mail, Maguire wrote, "It is common knowledge here in London among the metals traders that it is JPM’s intent to flush out and cover as many shorts as possible prior to any discussion in March about position limits," referring to last week’s CFTC hearings.

JPMorgan inherited…
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Eric King Follow Up Interview With GATA On The Trail Of The Biggest Gold Manipulation Story Disclosed

More on the Andrew Maguire Whistleblowing Story from Zero Hedge.  See also articles by JESSE’S CAFÉ AMÉRICAIN, such as King World Interview with Andrew Maguire ‘the Silver Market Whistleblower’, and News Coverage of the Maguire ‘Whistleblower’ Car Accident in the States

Eric King Follow Up Interview With GATA On The Trail Of The Biggest Gold Manipulation Story Disclosed

Courtesy of Tyler Durden

Low angle view of a statue of Buddha in a temple, Namgyal Monastery, McLeod Ganj, Dharamshala, Himachal Pradesh, India

The Andrew Maguire LBMA whistleblower story just refuses to go away, and it is about time someone from the mainstream media (yes, we know you read us constantly) finally picked up on this massive expose about the decades of fraud and manipulation in the commodities market, with a focus on gold and silver. Don’t worry, the Wall Street ad revenue sources you may lose from highlighting this "must read" story will be more than offset by the increased readership you will gain.

Today we have the latest segment in this saga, courtesy once again of Eric King who interviews GATA members Bill Murphy, Chris Powell and Adrian Douglas. As is pointed out in the interview, "The CFTC, on the public record, has been shown to have known in advance of massive market manipulation, and have done nothing." Isn’t this the same reason why Markopolos called SEC the biggest bunch of idiots in existence vis-a-vis their performance in the Madoff debacle? It is time someone big blew this up finally. Perhaps this will explain why it never gets mainstream attention: "JPMorgan chase is an agency of the US government, rigs the markets, and undertakes market manipulation." To all our readers: this is yet another "must hear" interview.

From King World News: 

In this interview with GATA we continue the saga after just having interviewed Andrew Maguire, the whistleblower out of London. This gives a short and long-term view down the rabbit hole through the eyes of 3 of the GATA board members.  GATA was so heavily involved not only in breaking the news at the CFTC meeting about the the metals manipulation but also at the same time quite possibly uncovering the largest fraud in history. The Gold Anti-Trust Action Committee was organized in January 1999 to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities. The committee arose from essays by Bill Murphy, a financial commentator, and by Chris Powell, a


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You Don’t Mess With The LBMA – Assassination Attempt On Silver Market Manipulation Whistleblower?

You Don’t Mess With The LBMA – Assassination Attempt On Silver Market Manipulation Whistleblower?

Courtesy of Zero Hedge 

The latest development in Silvergate, in which whistleblower Andrew Maguire has exposed the manipulation details in the London commodity market, is straight out of a John Le Carre or Ian Flemming novel: an assassination attempt. From GATA:

London metals trader Andrew Maguire, who warned an investigator for the U.S. Commodity Futures Trading Commission in advance about a gold and silver market manipulation to be undertaken by traders for JPMorgan Chase in February and whose whistleblowing was publicized by GATA at Thursday’s CFTC hearing on metals futures trading was injured along with his wife the next day when their car was struck by a hit-and-run driver in the London area.

According to GATA’s contact with Maguire, board member Adrian Douglas, Maguire and his wife were admitted to a hospital overnight and released today and are expected to recover fully.

Maguire told Douglas by telephone today that his car was struck by a car careening out of a side road. When a pedestrian who witnessed the crash tried to block the other driver’s escape, the other driver accelerated at the pedestrian, causing him to jump out of the way to avoid being hit. The other driver’s car then struck two other cars in escaping. But the other driver was caught by police after a chase in which police helicopters were summoned.

We’ll convey more information about the incident as it becomes available.

We are in process of corroborating this story with independent sources. It will be interesting to see what information the escapee driver discloses and whether this was just a case of a little extra fish and chips and extra, extra beer. In the meantime, the battle against the big banks and the LBMA might have just gotten a little more personal.

****

See also: Markopolos: Madoff’s Mob Ties Made Me Fear For My LifeZachary Roth


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More Smoke from the Federal Reserve On Their Opaque Operations in the Markets

More Smoke from the Federal Reserve On Their Opaque Operations in the Markets

smoke Pictures, Images and Photos

Courtesy of Jesse’s Café Américain

Lots of smoke, but not quite a smoking gun, since the Fed representatives can always come back and claim that they were speaking hypothetically, and that the information was being withheld IF it indeed exist.

This highlights the problem of proving something wherein another party has the ability to stonewall and hide their operations. If the Fed was more transparent, then this would not be an issue.

I have been looking into this issue for some time, and have concluded that there is indeed plenty of smokescreens coming out of the Fed on a number of fronts. Some seem legitimate, but many do not. The Fed seems to want its independence, but also a position of power that is integration to the political and administrative policies of the US, more properly the domain of the public representatives.

Perhaps it is more or less innocent, but it does highlight how utterly inappropriate the Fed will be as a choice for a ‘super regulator’ of the financial system, seeming accountable and forthcoming only when they feel like it.

If this proves to be true, Greenspan is guilty of lying in his testimony to Congress, and most likely Bernanke as well. The Fed would also be implicated in expropriating US assets for its own purposes of rigging public markets far beyond their charter, since gold is hardly a foreign currency these days. They may as well be manipulating the price of oil or corn or wheat to suit their financial engineering. The permission to swap gold which belongs, not to the Fed, but to the American people via the Treasury, can only be granted by Congress.

I have also concluded that the Obama team wishes to broaden the powers of the Fed because this provides additional centralized and opaque power to the federal government. Both the Democrats and Republicans in the US seem to favor this.

As a semi-private organization, owing its allegiance both to the government, but even moreso to its private owners, the Fed should not and cannot be seriously considered for broader powers over more markets. They are hopelessly conflicted in their various agendas and loyalties already.

Business Wire
Federal Reserve Admits Hiding Gold Swap Arrangements, GATA Says

September 23, 2009
09:30 AM EDT

MANCHESTER, Conn.--(BUSINESS WIRE)--…
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Phil's Favorites

Ukrainians are divided over Trump's 'quid pro quo'

 

Ukrainians are divided over Trump's 'quid pro quo'

Ukrainians don’t agree on how their president should have handled Trump’s request. Andreas Wolochow/Shutterstock.com

Erik C. Nisbet, The Ohio State University and Olga Kamenchuk, The Ohio State University

As Americans turn their attention to the first p...



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Zero Hedge

Watch Live: Trump Talks Trade At Economic Club Of New York

Courtesy of ZeroHedge View original post here.

Update: President Trump's scheduled speech started a few minutes late, some of his prepared remarks have already hit the tape.

  • TRUMP TO SAY AMERICAN MARKET IS MOST COVETED ON THE GLOBE
  • TRUMP: THOSE WHO WANT ACCESS TO AMERICAN MARKET MUST OBEY RULES
  • TRUMP SAYS FED FAR TOO SLOW IN CUTTING RATES
  • TRUMP SAYS FED PUTS U.S. AT DISADVANTAGE VS OTHER COUNTRIES

And a quote...

"The American Market is the most valuable and coveted market on the globe - tho...



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The Technical Traders

Welcome to the Zombie-land Of Investing - Part II

Courtesy of Technical Traders

In Part I of this research post, we highlight how the ES and Gold reacted 24+ months prior to the 2007-08 market peak and subsequent collapse in 2008-09.  The point we were trying to push out to our followers was that the current US stock market indexes are acting in a very similar formation within a very mature uptrend cycle.

We ended Part I with this chart, below, comparing 2006-08 with 2018-19.  Our intent was to highlight the new price hig...



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Kimble Charting Solutions

Bank Breakout Of Financial Crisis Highs or Double Topping Again?

Courtesy of Chris Kimble

If the saying “So Goes The Banks, So Goes The Broad Market” is true, banks are facing a critical breakout/resistance test in my opinion.

This chart looks at Financials ETF (XLF) over the past 12-years. This chart reflects that a double top took place prior to the financial crisis getting started.

XLF has remained inside of rising channel (1) since the lows in 2012. It hit double resistance at (2), then it declined nearly 25%.

The decline then tested rising support at (3) and a strong rally has followed. The rally now has XL...



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Insider Scoop

Barrington Downgrades Fluent After Earnings Miss, Stock Drop

Courtesy of Benzinga

Fluent Inc (NASDAQ: FLNT) fell short of top- and bottom-line third-quarter estimates. Some suspect the missed metrics herald longer-term underperformance.

The Rating

Barrington Research analysts James Goss and Patrick Sholl downgraded Fluent to Market Perform but maintained a $5 price target....



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Digital Currencies

3 Reasons Why One Trader Didn't "Manipulate" Bitcoin Price To $20K

Courtesy of ZeroHedge View original post here.

Authored by William Suberg via CoinTelegraph.com,

Bitcoin price highs in 2017 were not the result of a single trader on an exchange, the CEO of payment company Circle claims. In a series of tweets on Nov. 4, Jeremy Allaire disputed ...



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Chart School

Gold Gann and Cycle Review

Courtesy of Read the Ticker

Gold has performed well, golden skies are here again. In fact it has been a straight line move, and this is typically unusual and a pause can be expected.

It seems the markets are happy again, new highs in the SP500, US 10 year interest rates look to re bound, negative interest may soften. The US FED has reversed their QT and now doing $250BN (not QE) repo. The main point is the FED has stopped QT, and will do QE forever. The evidence now is the FED put is under market risk and the possibility of excessive losses do not exist. 

Point: If in future if there is market risk, the FED will print it's way out of it.
Subject To: In this blog view. The above is so until the amount required rocks confidence in the US dollar as a reserve currency.&n...



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Lee's Free Thinking

Today's Fed POMO TOMO FOMC Alphabet Soup Unspin

Courtesy of Lee Adler

But make no mistake, if the Fed wants money rates to stay down by another quarter, it will need to imagineer even more money.

That’s on top of the $281 billion it has already imagineered into existence since addressing its “one-off” repo market emergency on September 17. This came via  “Temporary” Repo Man Operations money, and $70.6 billion in Permanent Open Market Operations (POMO) money.

By my calculations that averages out to $7.4 billion per business day. That works out to a monthly pace of $155 billion or so.

If they keep this up, it will be more than enough to absorb every penny of new Treasury supply. That supply had caused the system to run out of money in mid September.  This flood of paper had been inundati...



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Biotech

The Big Pharma Takeover of Medical Cannabis

Reminder: We are available to chat with Members, comments are found below each post.

 

The Big Pharma Takeover of Medical Cannabis

Courtesy of  , Visual Capitalist

The Big Pharma Takeover of Medical Cannabis

As evidence of cannabis’ many benefits mounts, so does the interest from the global pharmaceutical industry, known as Big Pharma. The entrance of such behemoths will radically transform the cannabis industry—once heavily stigmatized, it is now a potentially game-changing source of growth for countless co...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...



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