You are here

Avery Goodman: What happened to gold and the dollar after Italy's 'no' vote?

Section: Daily Dispatches

By Avery Goodman
Tuesday, December 6, 2016

If natural market forces were permitted to run free, naive folks would win the game. Insiders with deep connections to the status quo would lose a fortune. Independent gambling speculators would make a killing at the expense of well-connected casino operators (that is, derivative-issuing bankers). I cannot imagine what possesses otherwise intelligent people to believe that it would ever be allowed. Was anyone naive enough to expect anything other than a major intervention by central planners?

There are always ridiculous excuses given. From technical analysis, to astrology, to Elliott waves, it is all nonsense. What we saw was pure market manipulation and nothing but that. When you see the euro rise when it should fall, you can bet that two institutions are involved. I am talking about the European Central Bank and the Bank of International Settlements. I didn’t mention the U.S. Treasury or the Federal Reserve. No doubt they had some peripheral involvement as they always do, but mostly they were probably observers.

European institutions have the kind of open, obvious, and blatant disregard for honest markets that no equally corrupt American institution could ever get away with. In fact, the BIS has gone as far as touting its gold and currency manipulation prowess. For example, in 2008 it issued a brochure for consumption by central bank policy-makers and on Page 17 it advertised that "our products" include "Gold & Forex Services -- Interventions":

http://www.gata.org/node/11012

In other words, they blatantly offered to rig gold and currencies upon request. This document came to light only by virtue of the hardworking and ever-watchful sleuths at GATA. ...

... For the remainder of the commentary:

http://averybgoodman.com/myblog/2016/12/05/what-happened-to-gold-the-us-...



ADVERTISEMENT

Canadian Government Issues Key Water License
for Seabridge Gold's KSM Project in British Columbia

Company Announcement
Monday, November 21, 2016

TORONTO -- Seabridge Gold Inc. (TSX: SEA) (NYSE:SA) announced today it has received a license from the Government of Canada required for the construction, operation, and maintenance of the water storage facility and associated ancillary water works at its 100 percent-owned KSM Project in northwestern British Columbia.

The license, as authorized within the International Rivers Improvement Act, regulates all structures and activities situated on transboundary waters shared with the United States that have the potential to affect water quality and quantity. The Water storage facility and its ancillary water works (water diversion ditches and tunnels) are the primary water management control systems for the KSM Project. These facilities separate water that has not contacted mined material from so-called contact water originating from disturbed areas of the mine site and then contain the contact water prior to treatment and eventual release to the receiving environment.

These facilities are situated on Mitchell and Sulphurets creeks, tributaries of the transboundary Unuk River system that flows into Alaska. The license was granted for a term of 25 years under the International Rivers Improvements Regulations as administered by Environment and Climate Change Canada. ...

... For the remainder of the announcement:

http://seabridgegold.net/News/Article/642/federal-government-issues-key-...



Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16