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September 8th, 2011 
FAKE NEWS for the Zionist agenda 
Zero Hedge
Thursday, September 8, 2011
From Goldman’s head gold trader Zak Dhabalia (i.e., someone that can not be found on 360) who says what only fringe blogosphere dares to speculate: namely that central banks and/or metals excahnges (CME/LBMA) openly intervene at key inflection point to slam the price of gold down. More importantly, according to Zak, now that the latest “authority” intervention has been priced in, it is up, up and away for the yellow metal yet again.
From Goldman Sachs
Coming back from vacation probably wasn’t such a good idea after all….The gold market is clearly moving into a new dynamic from an orderly market rally to a disorderly market rally. The strong feature of the last 3 years was a relatively steady up move accompanied by declining option vols. This gave encouragement to investors to accumulate gold without a fear of dramatic price risk and from a risk adjusted asset allocation perspective the relative merits of gold were improving against other asset classes particularly for those that view and compare gold against currencies. However since the beginning of August the price spike has been accompanied by higher vols which have accelerated again this week as 1 month reached mid 30s. There has been some rather disturbing price action in the last 48 hrs creating extremely challenging trading conditions.
- A d v e r t i s e m e n t
After rallying nearly 100 usd last week from 1795 to 1895 with demand coming from the official sector and some leveraged players rebuilding length following the severe prior correction we traded to new all time highs of 1922 on Tuesday shortly before the Swiss Franc intervention. The immediate aftermath was in complete contradiction to prior recent episodes of intervention and what anyone would have expected. Instead of spurring a further gold price rally on the basis that it was one of the few remaining safe haven “currencies” we saw a 50 usd collapse in minutes. The source of this flow seems hard to pin down with some speculating over whether “authorities” were concerned about the signals of an accelerating gold price and its impact on other fragile markets. Soon after, much of the losses were recovered but the psychological damage had been done and there followed a series of liquidations from within the leverage space with gold closing down 50 usd on the day. This was then exacerbated by a near 60 usd flash crash within 2 minutes during the Asian session.
We have since traded down to 1795 yesterday with talk of technical damage (double tops etc) but recover to 1840 this morning. Despite the fact that discretionary leverage positions are significantly lighter there is still heaviness of CTA type positions that can be reduced. However official sector activity, and PWM is already using this latest dip to re-accumulate and it may be the case the market is already close to clean positions at ever higher prices.
From a technical perspective minor support comes in at 1795 with more significant support at 1705. Above, the double top area of 1920 takes on much more significance. Despite the much higher vols we are happy to own short dated 1-2 mth high strikes more than flat price positions in the current environment.
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10 Responses to “Goldman Sachs Head Gold Trader: Authorities Could Intervene To Slam Down Price of Gold”
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BUy the gold at 1900. but don’t cry when the FEDS or Bilderbergs devalue it by force.
Right now with the criminals that rule this planet it is an illusion to believe Gold and silver are the solution.
Put the criminals in Jail then GOld and silver will work with a new system that will not be controlled by this NWO.
Vic Reply:
September 8th, 2011 at 3:22 pm
Proof that GOld and silver are serious competetors to the fiat bankters paper money.
This should teach us all a lesson. We can start a new financial system once this one is dismantled along with the criminals that have created the dept matrix to enslave us all.
Once the old matrix is dismantled, the people will do it the right way backed with real values like food production,Gold,silver,human ressorces being an important factor of society proof of that look at the corporate prostitute that transfer the jobs where people are starving and eager to work even at slavery pay levels???? When NIKE or …… have there running shoes made in countries that exploit chep labor, this should send out a message: boycott the trators.stop bying there products.Until they get back unboard it’s boycott time.
Vic Reply:
September 8th, 2011 at 3:29 pm
FORD also has built 2 plants in India out of the country and they have the nerve to sell these cars here?If people have dignity they will boycott every corporation who kills the jobs back home in favor of profit and slavery.Those who are demonizing the syndicates should realise if it wasn’t for the syndicates the middle class would never had existed.Look what is happening to the middle class now?
while the rich and very rich corporates do not pay their share of taxes, it is the rest that gets the tab. and people are gona critisize the syndicates???? thats spining the problem away of the ion of abuses the rich have created in our world.
I wish they would intervene so I could buy more. Everyone and their uncle would buy more because the next time it goes up they won’t be able to stop it!!!
How much of the current gold bubble is inflated by extensive leveraged derivatives from the very bailout criminals themselves, paper assets which are really unreliable debt instruments, and gold mining hedging on future production estimates?
Remove these manipulative factors from the gold market and let real supply (an occult number) and demand (stupid jewelry) and you get down to about 300 an ounce, perhaps?
Matzo Man beat me to the punch. The lower they push it, the more I can buy. For a while we would get a second chance. Because ultimately the law of supply and demand will win. And ultimately the Federal Reserve Note will inflate to nothingness.
Citizen Dildo Reply:
September 8th, 2011 at 3:59 pm
Yeah… but are you going to eat that gold… cuz if I have food and you want my food and you want to pay for it with gold… guess who’s not getting any food???
My opinion is that that global elites are trying to moderate the metal prices only to temporarily allow an increase in employment and simulate normal market forces, but only until the elections of their favorite son/daughter is complete. I feel that after January 2013, the collapse of the dollar, and other NWO agenda objectives will resume in earnest. As for me, I’m selling my stocks as soon as they peak again, and plan to buy more commodities(gold,silver, copper)
See what I told you all… don’t buy that stupid fucking gold cuz the feds will just take that shit away.
Invest in a collection of “antique” firearms or actual modern firearms. Buy (transportation) like motorcycles, even if they just sit in a garage. Put your money into actual tangible usable assets… like food seeds, transportation systems, firearms, medical supply’s…. you know the drill, shit that you can sell on a black market.
kinda iffy on if you should buy land right now… if the feds can take gold they can sure as hell take land too.
You cant eat metal!
If gold was extremely stable, it would be a wonderful commodity for stabilizing all currencies; but that’s just it, it can be very vulnerable against anything that hits the market. As the crap get’s mined, the whole apple cart can be upset by the integrity of new gold, which will drive the price back down. If it’s abundance is too great, everyone will be having gold plated gutters on their houses !
I would suspect gold is automatically going to come down, just by the demand of it. I don’t believe it can stay at 1900 dollars for any length of time in the future, and therefore, somebody’s gonna lose. If it was 300 dollars and going up, that would be great, but we can suspect something is going to come down. Probably after they steal that 144 tons of gold from Gadaffi ?