UPDATED - Gold & Silver Government SMACKDOWN! Don't worry...

And with a wave of the wand... PING!

If only we could get rid of Bernanke so easily.

What happens when Big Bro tries to take it all away? When only criminals have guns and only 'terrorists' own/buy gold and silver?

Will the Gov. go after independent buyers who can only afford a few ounces a month or will they go after the coin dealers first? Will they let the licensed dealers stay open and crack down on individuals trading for FRN's for rent?

I do not have the mind for the stock market... (Yet, But I am studying). But I do have enough common sense to know that something that has held the same value for over 6000 years will likely hold value for the next 60 years of my life.

The last purchase of silver I made was $19.82 right before its high. Then the US market started making it drop like a rock. I noticed the same thing as the other poster. After Wallstreet closed, the global market ran silver up again and then the next morning, when the US market opened, they drove it back down again. This is obvious manipulation and Wallstreet knows that most of us HOLD silver and can't get the global prices if we want to sell it, only the US market price. They think we are a bunch of fools.

Another thing I've noticed is that Congress, the FED, Wallstreet and the Administration deny that the low dollar and market speculators have anything to do with the price of oil going up and they claim that the price increases are due to supply and demand. Yesterday proved them wrong. At one point during the day, oil was down $10.00 per barrel. The speculators and futures are manipulating the price. The supply and demand theory can't be true because supply and demand yesterday was no different than the day before.

You don't have to be a rocket scientist to realize that they are controlling commodities and are nothing but a bunch of liars.

lol they tried to bust it down today but they are not having much success!
this is funny!

as for me and my home, we shall worship the LORD

___________

Lisa C.

“Elections are short term efforts; revolutions are long term projects.”

--Ron Paul

Join the rEVOLution here: http://www.campaignforlib...

It was a smoke screen. They are in pursuit of evidence that it occurs. They will be studying the trade data from today with a fine tooth comb.

They are not even sure if other parties do the same thing that they do.

It was an admission of guilt more than anything else.

WAHOR!!

How do we know that one day, the Government(s) who manipulate the price of metals, will not be able to continue to do so any longer? Couldn't they just continue the practice forever?

For fun, I did an analysis of gold and silver based on the inflation figures on shadowstats.com where they use the same formulas the government used to use prior to 1983. I estimated a rough interest rate for each year from 1983 until the current year (4%, 5%, 5%, 2.5%, 2.5%, etc.). I gave gold and silver a base cost of $300 per ounce and $5 per ounce respectively. This was, I believe, a conservative estimate given their historical prices and trying to ignore the spike of the early eighties. Looking at the fact that every year the dollar has lost value due to inflation since 1983, the price of gold and silver should naturally increase. Admittedly, there will be some error in my figures as I am estimating based on the graphs presented and not the actual figures, and also this will not take into account changes in production of gold and silver in the interim.

Here are the results:

Using the government inflation figures, gold should be worth $665.15 and silver should be worth $11.09. That seems to be in line with those who think silver and gold are overvalued.

HOWEVER, using the actual CPI figures that were calculated prior to 1983, gold should be worth $1763.64 and silver should be worth $29.39. This is based on a low starting point of $300 and $5 respectively.

(edit) I can send a spreadsheet out if you are curious how I arrived at these exact numbers, but these are merely estimates and not meant to be precise.

they do, helping to create that little buy low, sell high cycle that I play daily. But in reality it is not just the Fed. They are a miniscule part of it. There are numerous factors involved in this cycle. Far to numerous to mention all of them here.

is their methodology. This is illegal as the ETF's were licensed to be backed by a set portion of physical metal for each share outstanding from treasury stock. Normal short selling requires that the seller "borrow" already issued and outstanding shares, backed by inventoried metal at a prescribed ratio, from their broker to sell into the market.

Again, these should be already issued and outstanding shares and are backed by the requisite metal. Instead we have illegal naked short selling where non-existent shares, un-issued from treasury and unbacked by metal, are being used to to depress the price that would be apparrent if all of these phantom illegal shares that are trading disappeared.

All day long they have shown their fear over the use of such an artifice to ruin IndyMac and they will do something about naked shorting in the financial's in the near future.

Hopefully the silver-bugs will initiate legal actions against the fund managers for allowing such manipulation as we will see and end to such manipulation.

Don't worry...the space shot is coming.

**“The man who does not read good books has no advantage over the man who cannot read them.” ~ Mark Twain **

policy concerning precious metals ETFs like they just did to Fran & Fred?

WAHOR!!

that the MMT(Metals Manipulation Team) is a part of the overall PPT(Plunge Protection Team), that the gov't uses to keep its house of cards afloat.

you hit the nail on the head! good post crazy! everytime i see it get whacked I hope my like minded liberty loving patriots are taking advantage of the gift they are being offered to purchase, or purchase more!
reading Ted Butler since 2003, I know just about when these things will occur.. he always hits it with the COT's reports! I know what they are doing and some day soon they won't be able to... when that day comes I'm going to go buy my island... probably KUAII! when the metals get smacked down it is a gift take advantage of it! GOLD IS CHEAP! SILVER IS OUTRAGEOUSLY CHEAP! with the money that will be made in metals,
it will help support to rebuild after the socialists programs of the last 80 years are destroyed!

as for me and my home, we shall worship the LORD