32 votes

Paul Craig Roberts: Fed Orchestrated Smash In Gold

King World News: Today a former Assistant Secretary of the US Treasury told King World News that the smash in gold and silver today was entirely orchestrated by the Federal Reserve. Former Assistant of the US Treasury, Dr. Paul Craig Roberts, also warned KWN that stocks of available physical gold are “rapidly declining.” Below is what Dr. Roberts had to say in this extraordinary and exclusive interview.

Eric King: “Dr. Roberts, we have this smash on gold and silver today. Gold down $75 at one point and silver was down $1.75, your thoughts here?”

Dr. Roberts: “This is an orchestration (the smash in gold). It’s been going on now from the beginning of April. Brokerage houses told their individual clients the word was out that hedge funds and institutional investors were going to be dumping gold and that they should get out in advance.

Then, a couple of days ago, Goldman Sachs announced there would be further departures from gold. So what they are trying to do is scare the individual investor out of bullion. Clearly there is something desperate going on....

Continue reading at King World News

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

I would be sceptical

to listen to any government clerk or "economist." Otherwise, we should admit that government does indeed could regulate the market and its prices. Keep in mind that private trade in gold coins and bullions today is only 1% of all gold available. All central banks have about 18% of all gold available.

The reason that gold is down is because investors need to make profit TODAY or within few years and not wait for the dollar collapse (that even the Austrians cannot predict when.) With lots of new cash available from the FED and fractional reserve banking, investors see new opportunities to take the paper cash and invest abroad for higher return. But the FED does NOT "orchestrate" gold smash on purpose. FED simply cannot stop printing. Otherwise, interest rate must go up and third (or more) of American taxes would go to pay interest on the debt, every year. And the debt cannot be repayed with sound money anymore...

be sure

to check out the accompanying audio interview with Dr. PCR.


Thanks Michael

Shared on Twitter.

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

Does anyone here still own precious metal stocks?

I mean seriously I have gotten absolutely hammered in these companies since 2008. I owned them thinking they were a counter to a downward market but they got hammered along with everything else. Now with the uptrend they don't get an upward pull and are getting hammered again.

What gives? Sell? Hold? Quit?

I'm not selling no matter what they do.

Or maybe "they" are not doing anything.

Maybe it's all supply/demand.

You know, the sheeples who bought gold (because Glenn Beck and Mark Levin told them to) are probably running for the hills and selling like crazy now.

Hopefully Beck, Levin and their thieving sponsor GoldLine are going to get plenty of negative feedback from the fake conservative sheeples who bought the expensive old gold coins.

The same ones who dissed Dr. Paul during his campaign and follow that alcoholic idiot Beck and the Ron Paul-hating Levin.

This should be most entertaining to watch as those liars try to save their asses.

Check out this story of how GoldLine got busted and had to pay a lot of people back...

"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul

Paper gold is the same as

Paper gold is the same as Bitcoin at this point.

Agree....they want OUR Gold

And silver....there is no doubt about it, but they drive it down to ZERO, and most people won't care. Anybody who bought hold will not be selling it so PUSH away is what I say!

In the end they will be making it even easier for others to start accumulating, so good for them,

Cyril's picture

"Anybody who bought hold will not be selling it so PUSH away..."

"Anybody who bought hold will not be selling it so PUSH away is what I say!"

I totally agree. Like I said, still can't quite guess what is most likely their ACTUAL motive with gold (so many theories on it) but as for silver, if them manipulators'd believe people would get so scared that AG'd get sold en masse...

... well, that'd be completely IDIOTIC from them, and pathological style, big time.

Can't they read the U.S. Mint sales reports, too? I think even them, they can, no matter how twisted they may be, and indeed:

The more AG get smashed, the heavier the people stack on it, with tighter and tighter hands - the exact opposite of such would-be the manipulators' expectation. The perfect action - reaction, actually. It's now getting evident, if only in the U.S.

I am so grateful we're even "given" that chance, for us people awake.

"Cyril" pronounced "see real". I code stuff.


"To study and not think is a waste. To think and not study is dangerous." -- Confucius

It's simple they are

It's simple they are manipulating gold and sliver down so they can buy it up cheap in preparation for the coming currency collapse.

End The Fat
70 pounds lost and counting! Get in shape for the revolution!

Get Prepared!

An opinion other than KWN's

The Soap Opera Surrounding Today’s Gold Sell-Off Has Started

from The Fundamental View


"Forget all the garbage you are most likely to read on the internet this weekend from the usual suspects who will spin today’s sell-off in gold and silver a co-ordinated event. If they thought that this was a planned smash they would have done the responsible thing and warned their readers to sell their bullion before the smash to buy it back later.
Now we are going to hear stories all weekend long as to how this move was an orchestrated smash by the Federal Reserve in conjunction with the bullion banks to destroy gold and silver’s lustre. (mainly gold)

I have this to say to these charlatans. NONSENSE!

Of course, the good old cheerleading camp at King World News already has their “whistle-blower” Andrew McGuire talking about the paper take down (whose ‘evidence’ the courts have already determined holds little to no weight at all – so they might want to stop calling him a whistleblower because it makes them look more silly).

Eric King has even trumpeted out Former Assistant of the US Treasury, Dr. Paul Craig Roberts to talk about today’s orchestrated smash in gold. (Read Here), Here’s the part of the interview that get’s me. Dr. Roberts says that the orchestrated sell-off has been in the works since the beginning of April starting with brokerage houses telling their clients that hedge funds and institutions were going to be dumping gold and that they should get out in advance and then it culminated with Goldman Sach’s sell recommendation on gold the other day.

Tell me something then, IF that was what was truly going on, why didn’t this guy go on KWN at the start of April and tell everyone to sell their gold to buy it back later for cheaper? Why didn't he suggest to King’s listeners that this smash was coming and that investors might want to front run the smash to pile in later at lower prices? Even after GS made their recommendation all we heard was how that was a great contrarian indicator but at no time did any of those people claiming this was a smash suggest actually taking the advice of Goldman Sachs? Because these fantasies are only manufactured after the fact, using circumstantial conclusions on one’s circumstantial analysis of the facts.

On April 10th, Jim Sinclair told KWN that the raid on gold was on. He said that gold would probably go down $25.00 and then rocket higher by hundreds of dollars. If he knew the raid was on, why didn’t he recommend selling?

It’s easy for all of these guys to come out now and talk about how today’s selling was orchestrated. Question is, why didn’t they tell any of their avid readers or followers about what was going to happen if they now claim the events were obvious at the beginning of the month?

For years these guys have been singing the same tune about the meteoric rises that were on the horizon for both metals. For a while they were right and along the way they attracted many readers and new followers. However, despite the massive amount of easing and every event they claimed was going to springboard gold and silver higher failing to do so, and in the face of the massive chart damage done to silver and gold during this decline, they never once suggested to their readers that they unwind some of their position. THAT is perhaps more criminal than the liquidation event that took place today.

Too many people have seen their finances crushed because they continued to drink the kool-aid that these “knowledgeable” people fed them. If the years leading into 2011 were the “pump” then my friends, the “dump” has started."


Thanks for the warning

Note to self: never visit thefundamentalview.blogspot.com.

part of the disconnect, I think...

is that there are two enormously different philosophies in play for those who acquire precious metals.

There are investors, and there are "stackers" (or savers).

Investors are buying PMs as an investment - little different than stocks or bonds or any other "investment" vehicle. They are betting on future price (whehter it goes up or down), or buying with the hope of holding for some period of time and then selling for some level of gain (preferably one with better gain / yield than stocks or bank accounts or what have you). These people absolutely look at this and say "See! Gold and silver prices DROPPEd, they are a HORRIBLE investment, all these guys out there suck for not predicting this". Never mind that the time scales they use are generally no more than 1-2 years, rather than the 10-30 year ones that "stackers" often refer to which show a remarkably different story (after all, gold and silver have pretty consistently beat the markets for all but 1 of the last last 10 or so years).

Stackers (or savers) on the other hand, rarely think in terms of "dollar value" of what they acquire, instead looking at it in terms of wealth preservation, ounces, "thier stack". Fiat valuation fluctuations over the short term are expected, and drops like this are little more than a "fire sale" or excuse to back the truck up, "buy the dip", whatever. The mentality is completley and utterly different. These are folks looking at a way to lock in the current value of the wealth they have saved in a format that is not being actively, and aggressively, depreciated on a daily basis. Long view is an understatement at times. These are typically folks with a strong hand who either have the means or the intestinal fortitude to hold and ride out bumps along the way like this. As the PTB continue to jack around with bailouts, QE and all manner of other programs to fix what simply, mathmatically cannot BE "fixed", the dollar / euro / whatever loses more and more of it's purchasing power and eventually, there IS likely to be widespread inflation. Heck, just look at silver values from the early 60's to today... that quarter in 1960 that would buy you a gallon of gas is worth $4.66 today (even AFTER the big price drop) which will probably still buy you a gallon of gas almost anywhere in the US (outside of certain parts of NY, California & Chicago). That's a pretty solid store of value for the long haul.

The fundamental reasons for buying and holding at least some amount of PMs (gold and silver) have not changed from yesterday to today. So yes... for investors, this was a bad time. For stackers? It's a freakin' fire sale, buy buy buy! In either case, holding some for the long haul isn't ever really going to be a bad thing, despite what Messers Buffet, Munger and Gates, along with the CNBC bimbettes, try and tell you about that most barbarous of relics (and it's little cousin Silver). But then, I'm much more of a stacker mentality than an investor mentality. :)


thnx for the article, c2c. always like hearing the other side.

lol of course no evidence is

lol of course no evidence is presented... sure the fed just waited until 2013 to smash gold when the stock market is already making new all time highs or close to it. like the fed really gives a crap what the price of gold is or could control it if they wanted to.

you mean...

other than the fact that Paul Volcker, Fed Chairman before Greenspan, has admitted several times that central banks (i.e. the Fed and others) SHOULD be interfering with the price of gold, and in fact expressed regret that central banks did NOT engage in supressing of the price of gold during his term at the helm of the Fed dealing with the stagflation issues from the 70's and into the early 80's?


I would say, given that an overwhelming amounts of evidence to support (go ahead, take a cruise thru GATAs site - you'll be entertained for a while, there's a LOT to learn) that in fact, central banks (including the Fed), have an ENORMOUS interest and do, in fact, "give a crap" what the price of gold is - if for no other reason than to mask the "canary in the coal mine" effect that rising gold and silver prices would have.

And with the dumping of $85 BILLION a month to select insider banks, money which has to go SOMEWHERE... there is absoltuely the means necessary for a fairly small group of people / banks / whatever to do a tremendous amount to control and manipulate the paper price of things like gold and silver. Or how else do you explain the daily waterfall dumps in gold an silver prices that happen virtually like clockwork, and often see someone selling what amounts to an entire YEAR'S worth of silver production, at a loss, in the span of micro seconds? I could PERHAPS chalk that happening once... ONCE... to a "fat finger" mistake or something odd. But EVERY... FREAKING.... DAY... at almost the EXACT same time even? No way.

BILL3 the link is from a site that spends much of it's time

uncovering evidence.

Precious Metals are the canary in the coal mine of fiat currencies (Currencies backed by nothing other than debt promises of repayment).

The entire system is under a great deal of stress right now and confidence is being lost. Gold and Silver cannot be allowed to shake this confidence and the paper prices must be 'managed'. This however can only be done with more paper debt. The paper game was LOST in 2001, but the battle will continue.

Here is a very recent (today) interview with Bill Murphy, founder of the Gold Anti Trust Action committee.


The entire subject might be something you want to look into.

BILL3 I ran across this right after posting my reply


The entire channel is a huge wealth of honest information in my opinion. Make of it what you will.

thats cool and all but u

thats cool and all but u didnt post any evidence of pcr's claims. so like i said..

I doubt you will understand

I doubt you will understand Value, until you have none. Replying to you in any other way would be a waste of my time.

Enjoy your life.

Paul Craig Roberts is a Closet Commie

Dr Paul Craig Roberts is a closet commie... Take what he says with a grain of salt... He was on the Alex Jones show recently saying how bad free markets were. Says he finally sees the light... Be careful of this traitor.

Both Paul Craig Roberts and

Both Paul Craig Roberts and Pat Buchanan have opposed the hollowing out of American industry by massive outsourcing that flies under the banner of "free trade". You may not agree with them on this issue, but that hardly makes either of them "Communists".

I'm confused

Which is it? Did he bash free markets or the so-called "free trade" of free trade agreements?

One, of course, would mean that he's cruisin' for a figurative bruisin'.

Cyril's picture

Thanks for posting. I can't speak for gold, but, as for silver,

Thanks for posting. I can't speak for gold, but, as for silver, on this:

"So what they are trying to do is scare the individual investor out of bullion"

from mere and simple observations, I think fair to say we have clues that the tactics doesn't seem to work ... AT ALL:


For some reason, I have hard time to believe/conceive how that could possibly be the totally opposite case for gold. Well, just IMO.

"Cyril" pronounced "see real". I code stuff.


"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Gold/Silver ratio since 1900,

Gold/Silver ratio since 1900, 47±6 (3σ).

Golf $1500
Ratio 47 sets Silver $32. Is AG undervalued?

Silver $26
Ratio 47 sets Gold $1222 is AU overvalued?

Statistical Process Control says that it is more likely than not there is market interference, when the ratio exceeded 53.

Market manipulations leave statistical tells.

Free includes debt-free!

Opinions are like assholes,

Opinions are like assholes, everybody has one.

The world is my country, all mankind are my brethren, and to do good things is my religion. Thomas Paine, Godfather of the American Revolution

Cyril's picture

Yup, very true. That's why facts are such cool buddies of ours,

Yup, very true.

That's why facts are such cool buddies of ours, as they're stubborn and helpful for us to put the right goggles on, once in a while:


"Cyril" pronounced "see real". I code stuff.


"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Matter of interpretation=

Matter of interpretation= opinion

The world is my country, all mankind are my brethren, and to do good things is my religion. Thomas Paine, Godfather of the American Revolution