You are here
James McShirley: 11 rules for gold price suppression
By James McShirley
Wednesday, April 8, 2015
1. Daily gold gains are capped at 1 percent (limit up) or 2 percent (expanded limit up).
2. Gold isn't allowed to have any follow-through rallies.
3. Gold is attacked at specific times -- 3 a.m. ET, pre-Comex and Comex open, NYSE open, London close, Comex close, 6 p.m. access trade open, and any opportune, thinly traded access markets.
4. Gold is attacked on all significant government data releases, especially the monthly nonfarm payrolls Friday report.
... Dispatch continues below ...
Direct Ownership and Storage of Precious Metals
Outside the Banking System in Zurich and Singapore
Goldbroker.com is a precious metals investment company that enables investors to own and store gold directly in their own name (no mutualized ownership) in Zurich and Singapore.
Goldbroker's clients are not exposed to any counterparty risks. They own gold and silver in their own names (the ownership certificate cites the name of the investor and serial number of his bars) and they have storage accounts opened in their own name as well. So Goldbroker.com's storage partner knows the exact identity of each investor. Goldbroker.com doesn't store in the name of its clients; rather, Goldbroker's clients store personally. All investors have direct access to their gold and silver bars.
Goldbroker.com was launched in 2011 so that investors would avoid any counterparty risk when investing in physical gold and silver.
Goldbroker.com is listed among GATA's recommended monetary metals dealers. (http://www.gata.org/node/173)
To invest or learn more, please visit:
5. Gold is attacked on any ordinarily bullish news -- war, turmoil, economic crises, and Wall Street jitters.
6. Gold is attacked on all significant Comex option expiration and first-notice days, assuring that the maximum number of calls expire worthless, mitigating deliveries.
7. An attack on gold is frequently signaled by attacking either silver, HUI stocks, or both.
8. Flash crashes with no corresponding explanation always keep speculative longs stopped out or in losing positions.
9. New York and London are the centers of gold price suppression, so the London PM fix will be lower or no higher than $5 from the AM fix.
10. Comex margin changes, both higher and lower, are always to the detriment of gold longs.
11. Gold is never allowed to anticipate any bullish developments, nor is it allowed to be a barometer for currency largesse.
James McShirley writes for GATA Chairman Bill Murphy's LeMetropoleCafe.com.
* * *
Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:
Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:
Or by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
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:
To contribute to GATA, please visit: