Maund had this to say to GATA and the rest of those who believe in price suppression of gold:
This chart shows that all the talk about gold being manipulated and held down by some shady cartel is humbug, and instead of falling for this nonsense you should ask yourself, what is the agenda of the people peddling it...even if the gold market is being manipulated to some extent, SO WHAT?
While Maund seems to understand that gold is a protection against the debasement of currency and the damage cause by inflation and QE to INFINITY...he clearly has no understanding of how the gold and silver market's function, and the ultimate purpose of manipulation.
The fact that gold and silver have risen for more than a decade is not an indication that the cartel is a figment of gold bugs' imaginations, only evidence of the fact that it is impossible to manipulate an asset over the long term in the opposite direction that the free market wishes to take that asset.
The cartel has successfully managed the ascent of gold (and to a lesser extent silver), capping price action to a maximum daily gain of 2% in gold, and smashing the metals counter-intuitively when major macro economic events occur (think the take-down 5 minutes prior to the Swiss currency devaluation).
As we have documented repeatedly, the real purpose of PM manipulation is interest rate swaps, a $110 Trillion market that must be managed to artificially keep interest rates low, and continue the debt ponzi.
Unfortunately, Maund has no understanding of these concepts. His full anti-gold drivel is below:
Gold and silver's recent reaction has brought a lot of conspiracy theorists out of the woodwork again as usual, harping on about "The Cartel" and their cruel and wicked plan to suppress the gold price, and deprive PM sector investors and speculators of the rich rewards they have been looking forward to for so long, all because a rise in the price of gold and silver will declare to the world the bankruptcy of their fiat monetary system.
Well, if that their aim, our first chart at the top of the page shows that they have not had much success with their evil plan, as gold has risen from a low at about $250 to a recent high above $1900 in just 11 years - so much for the success of The Cartel. Carping on about some shady bunch of manipulators suppressing the gold price makes about as much sense as moaning to a gas station attendant about the price of gas - stop wasting time and pay up and get on with your life.
So what if the gold and silver price are being manipulated to some extent? - most markets are - those in power will always manipulate things to their advantage, that's basic human nature. If you must ask questions then the point to start is to enquire about why these people are promulgating these conspiracy theories in the first place - are they just cranks or are they making money out of it some way - what's their angle?
Read more from Clive Maund.com
17 comments:
"...even if the gold market is being manipulated to some extent, SO WHAT?"
A strong country is governed by the rule of law. Is it lawful to manipulate ANY markets? This is the kind of attitude that has spelled the downfall of the country.
Flip-flop
Flim-flam
Jim-Jam
Wham-Bam
Thank you Ma'am!
Clive is a shill. I really have no use for the man; Now Lauren Lyster.....i can think of a few things......
Maund's brains keep shifting from his head to his asshole.
That's why he speaks/writes like that.
Nathan
"Anonymous said...
Maund's brains keep shifting from his head to his asshole.
That's why he speaks/writes like that.
Nathan "
Maund is a tool
He is like Pig-loosie saying we have to vote on bozo care before we read what is being voted on
we have to stop giving these A$$ holes their 15 minutes to blow smoke up our A$$
once these scum bags stop getting interviewed they will become irrelivant
please dont interview clowns like Maund
The fact that silver is a little under $33 dollars today April 1st, 2012 is proof of a hell of a lot of corruption on all levels. People say the Hunt's "cornered the market" in 1980 when the price was $50. They did no such thing, all they did was buy physical. What stopped them was they couldn't meet a call or something. Now you guys ask yourself, wasn't there billions of ounces of silver available then? Yes, there was way more silver. In todays time how much silver has been bought by Sprott. How much by industry? How much for investment? At a time when there is a fraction of silver available than when the hunts bought. The difference is manipulation now verse then. Silver should be well over $400 today the fact that it's $32.50 is a disgrace and is a slap in the face to honesty and justice.
T
T
"Silver should be well over $400 today the fact that it's $32.50 is a disgrace and is a slap in the face to honesty and justice."
I agree... but still prefer to stack in the low to mid $30s rather than at $400!
The really fun part of this is that buying cheap physical silver is possible only because of cartel's acts of manipulation. Our act of buying physical metal and removing it from the market WILL cause the collapse of this cartel. We are the first few snow-flakes of a mighty avalanche that will sweep them and their games into oblivion. Well earned, well deserved!
Manipulation is a great talking point, that's for sure.
Personally I hope it stays low for a couple more years or until the inevitable collapse happens. If it goes even lower I will just accumulate more ounces with less fiat. I stack as insurance as I'm sure many of you do.
I have some sympathy for the people who bought at much lower prices and are nearing the point in life when they want to cash some of it in to retire or pay off fiat debts, etc etc.
All I can say is, things could be worse.
Crazy Canuck
I used to be most repulsed by Jon Nadless.
At least you get the same endless mind-numbing garbage from Jon and he can easily be toyed with like a cat might mess with a mouse,,,,yawn.
Clive is the more disingenuous slithering type who give snakes such a bad name.
I've never seen a photo of the man but I assume his face is somewhat triangular.
Clive is a tool..
Here's a more intelligent analysis of the situation in Gold and Silver..
http://equedia.com/blog/view.php/Judgement-Day-is-Coming?utm_source=April+1%2C+2012&utm_campaign=April+1%2C+2012&utm_medium=email
Where are ILUVPM's comments about this ass clown? ILUVPM's will bash Sinclair, Willie, Thompson, Turk, etc. but what does he say about Clueless Clive?
Someone on this site wants $400 dollar silver?? WTF- EMBRACE THE HORROR!!!!!! STACK THE SMACK, $400 silver guys on CRACK!! I believe silver and gold are real money, I don't give a $hit what this clown or ANY clown on tv or internet says(no offence doc, that extends to you also). Who in their right minds would want to get 1 oz. of silver, when you can get 11 right now for the same amount of paper? Take advantage of their manipulation, THEY ARE!!!! The banks are staking just like alot of other entities and individuals are. Once confidence in the dollar sinks to a certain level world wide and domestically, its game over and they know it. No amount of green shoot bull$hit TALK to the citizens by politicians, pundits,usefull idiots,bankers and crooks will save the dollar. Didn't work in yugoslavia,germany,roman empire,mexico,russia,zimbabwe, and on, and on, and on , and ON!!!!!!!!!!! STACK THE SMACK don't SMOKE NO CRACK!
i luv pre menstraul syndrome is a tool
One thought on $200 or $400 silver. Even at that price, based on 800 million oz produced a year, that comes to a $160 to $320 billion a year industry.
That becomes comparable to 2,500 tons of gold produced in a year. That's $200 billion in gold and gold is not nearly as valuable as an industrial and commercial metal. Gold is stacked; silver is used.
Silver at $200 would not be inflationary. At $400 an ounce, it might have a tiny kick to inflation but nothing like oil going to $150 a barrel. The world GDP is about $65 trillion. Silver at $320 billion would not be a rounding error to the US budget or deficit.
But as far as stackers like us, it would be a boon like nothing I've ever seen in my life time. A 10 fold increase in silver would kickin the butt like I've never seen in my portfolio
I hear you guys, I definitly prefer to buy silver at these prices too. If silver would have gone up in a free market I wouldn't have much silver.
T
I learned never to listen to Maund back in December. Will be nice to spend the rest of my life ignoring him.
ok - so sometimes the guy is wrong - who isntin this business? why are you guys so bothered about it?
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