I’ve been involved in every aspect of the precious metals market since late 2001 and I’ve never heard of Rick Spooner or CMC markets…Rick Spooner? Why not just drag out Pee Wee Herman and have him read off a teleprompter?
CNBC, Ansuya Arjani and anti-gold terrorism
With gold under the most intense market manipulation effort in history from the western Central Banks, leave it to none other than CNBC to amplify the media’s anti-gold propaganda effort. Little bit of history. CNBC has been anti-gold since the nascence of gold’s bull market. GATA’s Bill “Midas” Murphy was interviewed on CNBC in February 1999, right around the time the Bank of England was starting to drop 400 tonnes – half of England’s gold – onto the market. Bill told the truth about the gold manipulation and was banned from appearing on CNBC ever since.
This morning I wake up and see this headline from CNBC post on Yahoo.com: “Stay Clear, Gold Sell-Off Could Get Uglier” (LINK). CNBC dragged out none other than Rick Spooner of CMC Markets? Who? I’ve been involved in every aspect of the precious metals market since late 2001 and I’ve never heard of Rick Spooner or CMC markets. I looked up CMC Markets and I find that it’s a retail online forex bucket shop business (Goldman owns 10%) based in London. Rick Spooner? Why not just drag out Pee Wee Herman and have him read off a teleprompter?
The anti-gold propaganda is starting to boil over because everyone knows that the fiat currency Ponzi scheme global financial system is collapsing. It becomes more obvious to more people everyday. For CNBC to drag out someone like this reflects a new level of desperation by the western financial elitists in their effort to disarm gold’s alarm signal.
On the other hand, China, India and Russia have all collectively stepped up their efforts at accumulating all the physical gold being used to by the western bullion banks to hold down the price of gold. According to the Shanghai Gold Exchange website, delivery volume of gold last week totaled a monster 261.234 tonnes. This means withdrawals will likely amplify as well.
Instead of seeing Friday’s obvious attack on gold – and today’s anti-gold propaganda attack – as a sign of a market that’s in trouble, perhaps these blatant attacks on gold should be seen as the west’s last gasp of breath in its effort to keep a dying system from collapsing.