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Matthew Piepenburg: From gold manipulation to Washington's latest lies, absolute distortion continues

Section: Daily Dispatches

By Matthew Piepenburg
Matterhown Asset Management, Zurich
Tuesday, November 30, 2021

... No discourse on faking it, lying, or market distortion would be complete without a quick look at the latest artificial boot to the neck of rising gold prices.

As you've likely noticed, manipulated gold lost more than $45 in price last week. What you might not have noticed is why.

... Dispatch continues below ...


Awakening a Sleeping Giant in Ghana: Asante Gold Acquires Past-Producing Bibiani Mine

From Golden Opportunities / Gold Newsletter
Metairie, Louisiana
Tuesday, August 17, 2021

Asante Gold (ASE.CN; ASGOF.OTC) has just acquired a past-producing gold mine in Ghana that boasts near-term production potential and huge upside.

With the move, Executive Director Malik Easah is seeking to repeat his success with Cardinal Resources, another gold company with a Ghana project that he recently sold for A$600 million.

It’s a deal that came like a bolt from the blue.

Just a few weeks ago Asante Gold catapulted itself from a relatively sleepy gold story into a major development-stage company set to breathe new life into Ghana's huge, past-producing Bibiani mine. ...

... For the remainder of the report:

No mystery.

It boils down to some mysterious entity (that is, central bank…) dumping $1.25 billion worth of gold futures (twice) in less than a minute each on that oh-so-nefarious web of market price fixing otherwise known as the New York Commodities Exchange.

In other words, the same policy makers who lie to us by the day are spending their evening hours practicing gold manipulation.

Their motives are as simple as their means: The emperors with no clothes are terrified of honest price discovery in gold and silver for no other reason than such honesty would make a mockery of the lies that otherwise pass for sovereign currencies.

As always, we know such tricks can't last, but it's flattering to know how terrified the liars are of truth, and despite gold manipulation, we still see gold as history's most honest asset.

Soon, the truth, as well as gold price, will prevail. It always does.

... For the remainder of the analysis:

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