Silver Manipulation & Fed Gold Audit, Gold To Rally, Gold hits highest since early May, 40 Years Of Gold Confiscation By The US Government

GATA's Chris Powell on the Silver Manipulation Probe & the Fed Gold Audit!
Published Aug 7, 2012 on GATA

Follow us @ Welcome to Capital Account. JP Morgan said in a court filing that PFG's subpoena of the bank may be overly burdensome. Will JP Morgan find a way to get out of it? It looks like they could be off the hook for accusations of silver manipulation.

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Gold Bulls Expand as Billionaire Paulson Buys Metal: Commodities
Published Aug 17, 2012 on Bloomberg

Gold traders are the most bullish in six weeks as investors boosted their bullion holdings to a record on concern that economic growth is slowing and after billionaires John Paulson and George Soros bought more metal. Fourteen of 26 analysts surveyed by Bloomberg expect prices to rise next week and six were bearish.

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What 40 Years Of Gold Confiscation By The US Government Looks Like
Published Aug 21, 2012 on Zerohedge

The chart below, which is a time series showing the total "Gold Held by the US Treasury and the Federal Reserve" (which for all intents and purposes are interchangeable), demonstrates vividly the moment when the US government enacted Executive Order 6102, aka the "forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates within the continental United States" order which criminalized the possession of monetary gold "by any individual, partnership, association or corporation."

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PRECIOUS-Gold hits highest since early May on Fed stimulus hopes
Published Aug 23, 2012 on Reuters

Spot gold on course for 7th day of gains * Silver, platinum, palladium hit multi-month highs * Coming up: U.S. jobless claims, weekly; 1230 GMT (Adds details, comments; updates prices)

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Gold to Rally as Central Banks, Investors Buy, Coutts Says
Published Aug 20, 2012 on Bloomberg

Gold will extend a bull run as emerging-market central banks and investors accumulate the metal to protect against weakening currencies, according to Coutts & Co., the private-banking division of Royal Bank of Scotland Plc.

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