Suppressing the Price of Gold: JPMorgan Chase, Goldman and the ...

Suppressing the <b>Price</b> of <b>Gold</b>: JPMorgan Chase, Goldman and the <b>...</b>

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Suppressing the <b>Price</b> of <b>Gold</b>: JPMorgan Chase, Goldman and the <b>...</b> Posted: 27 Apr 2014 03:54 AM PDT Video interview: In this exclusive video interview on behalf of Matterhorn Asset Management / GoldSwitzerland Lars Schall talks with William S. Kaye, the Senior Managing Director of the Pacific Alliance Group of Companies in Hong Kong. They speak about the motive, the means and the opportunities to suppress the gold price. Kaye says the motive is simple as a free-market price of gold would essentially cast the interventions for what they are and stabilize policy measures taken by Central banks. However, he explains and predicts that the price suppression scheme can't go on forever and that in the 'end game' the 100 fold paper gold market must eventually be settled with physical gold and that it will require an extremely high price of gold to entice owners of physical gold outside the banking system to be willing to meet that massive anticipated demand. -  About William S. Kaye William Kaye is the Founding Partner, Chief Investment Officer, Senior Managing Director and Vice Chairman at The Pacific Alliance Group of Companies based in Hong Kong. He oversees all portfolio and direct equity management activities of the group's various investment efforts. He is the Managing Partner of the Greater Asian Hedge Fund and a predecessor of Asian Hedge Fund, L.P. Prior to this, he was a Founder and Director at ASIMCO in 1992 to 1998, where he pioneered the investment of approximately $380 million in China. Mr. Kaye orchestrated the profitable sale of Pacific Alliance Group's stake to GE Pension Trust in 1998. Disclaimer: The contents of this article are of sole responsibility of the author(s). The Centre for Research on Globalization will not be responsible for any inaccurate or incorrect statement in this article. The Center of Research on Globalization grants permission to cross-post original Global Research articles on community internet sites as long as the text & title are not modified. The source and the author's copyright must be displayed. For publication of Global Research articles in print or other forms including commercial internet sites, contact: [email protected] www.globalresearch.ca contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of "fair use" in an effort to advance a better understanding of political, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than "fair use" you must request permission from the copyright owner. For media inquiries: [email protected] Copyright © Lars Schall, goldswitzerland.com, 2014

After the <b>Gold Prices</b> Dramatic Reversal Yesterday it Gained Another Posted: 25 Apr 2014 03:55 PM PDT Gold Price Close Today : 1,300.70 Gold Price Close 17-Apr-14 : 1,293.40 Change : 7.30 or 0.6% Silver Price Close Today : 19.691 Silver Price Close 17-Apr-14 : 19.586 Change : 10.50 or 0.5% Gold Silver Ratio Today : 66.056 Gold Silver Ratio 17-Apr-14 : 66.037 Change : 0.019 or 0.0% Silver Gold Ratio : 0.01514 Silver Gold Ratio 17-Apr-14 : 0.01514 Change : 0.00000 or 0.0% Dow in Gold Dollars : $ 260.03 Dow in Gold Dollars 17-Apr-14 : $ 262.25 Change : -2.22 or -0.8% Dow in Gold Ounces : 12.579 Dow in Gold Ounces 17-Apr-14 : 12.686 Change : -0.11 or -0.8% Dow in Silver Ounces : 830.91 Dow in Silver Ounces 17-Apr-14 : 837.77 Change : -6.86 or -0.8% Dow Industrial : 16,361.46 Dow Industrial 17-Apr-14 : 16,408.54 Change : -47.08 or -0.3% S&P 500 : 1,863.40 S&P 500 17-Apr-14 : 1,864.85 Change : -1.45 or -0.1% US Dollar Index : 79.830 US Dollar Index 17-Apr-14 : 79.940 Change : -0.11 or -0.1% Platinum Price Close Today : 1,422.80 Platinum Price Close 17-Apr-14 : 1,428.10 Change : -5.30 or -0.4% Palladium Price Close Today : 811.45 Palladium Price Close 17-Apr-14 : 807.35 Change : 4.10 or 0.5% Over the last week silver and GOLD PRICE moved barely up, while stocks moved down, but the closing numbers don't quite tell the whole story. After yesterday's dramatic reversals gold gained another $10.20 to end at $1,300.70, barely above the 200 DMA ($1,300.31). Silver gained only 3/10 cent to close Comex at 1969.1. Well, it ain't much, but it's a higher close, so both the silver and GOLD PRICE confirmed their key reversals yesterday. On its monthly and weekly charts gold has broken out upside through its intermediate term downtrend, but sill must conquer the downtrend line from 2011. On the daily chart gold yesterday spiked through its 100 day moving average to $1,268.40, then immediately reversed to close the day higher, and closed today higher as well. The SILVER PRICE reversal yesterday with a spike to 1893c was even starker, but today's tiny gain left silver mumbling out of both sides of its mouth. It ran today smack up against its downtrend line and the 20 DMA (1978c). Silver and gold have both fulfilled their downside correction targets and smartly re-bounded. For all its lagging, silver did revisit its downtrend line from April 2013, the line it punched up through in February. That also points to a completed correction. Silver has broken to the upside on the weekly chart, but not yet on the monthly, though it's close. I'll try to draw the conclusion in a few words: buy silver and gold. Now. While the world verges on war in Ukraine, the US dollar index and gold don't seem to care much, but stocks appear uneasy. O strange old world! The US dollar index seems to have flunked the test this week at its coincident 20 and 50 day moving averages (both at 80.02). It reached up there twice, then flaked and fell back below 80. Fell today 5 basis points (0.06%) to 79.83. What might have been a double bottom March and April with the last at 79.39 appears not to have been. Expect the dollar to drop yet more. Despite the dollar's woes, the euro has remained in an overall downtrend since March. Yes, tis above its 20 DMA ($1.3800) and 50 DMA ($1.3796, but showing little perkiness or appetite to climb mountains. Nor does the yen long to move higher. It closed today up 0.16% at 97.90, but still within its slightly declining three month range. Ten year treasury yield fell today, 0.82% to 2.666% and fell for the week, back to its bottom channel line. Not much life. Copper has bounced back from its brush with death at $2.877. Although it has climbed smartly since mid-March, today's close at $3.12 remains below the downtrend line at $3.15. A close clean above $3.32 will finally confirm copper has no intent of dropping further. Which is copper, a prognosticator for stocks or harbinger for commodities? I lean to the latter as what concerns us more here. Copper is probably the last of the metals to turn up. Dow nervously dropped 140.19 (0.85%) today to 16,361.46, enough to turn it down 0.3% for the week. S&P500 dropped 15.21 (0.81%) to 1,863.40, barely lower for the week. Stock charts are singing a dirge. Nasdaq Comp shows what appears to be a 5-month head and shoulders, S&P might be showing the same but definitely is in a month-long downtrend. Dow has the best chart, and it looks like a big double top. Everything is set up for a final high in May. Dow in silver dropped a tad today, 0.2% to close the week at 838.03 (S$1,083.51 silver dollars). Appears to have topped, but needs to confirm still. Dow in Gold fell 0.78% to 12.69 oz (G$252.33 gold dollars). More confirmation needed to declare it reversed downward. Y'all enjoy your weekend! Aurum et argentum comparenda sunt -- -- Gold and silver must be bought. - Franklin Sanders, The Moneychanger The-MoneyChanger.com © 2014, The Moneychanger. May not be republished in any form, including electronically, without our express permission. To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold or 18 ounces of silver. or 18 ounces of silver. US $ and US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down. WARNING AND DISCLAIMER. Be advised and warned: Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures. NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced. NOR do I recommend buying gold and silver on margin or with debt. What DO I recommend? Physical gold and silver coins and bars in your own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose.

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