plunge protection team discussed on cnbc
posted on
Nov 19, 2008 07:15AM
SSO on the TSX, SSRI on the NASDAQ
this is from ed steer of casey research. first, gold that has been traced to the united states has shown up in dubai, despite the fact that the government has sworn up and down that it does not sell or lease gold.
then, china is considering buying 3400 tons of gold. then the video of ron paul and ben bernanke, and finally cnbc did not screen its guests well enough, because scott nations made it on the air, and openly discussed the government's manipulation of the stock market.
There have been several stories over the past week that coin melt bars (0.900 fine) are showing up in the Middle East. The only bars that match this description are the US coin melt bars. In a story filed from Beijing over at djnewswires.com/eu early this morning, came this comment..."China's central banks is considering raising its gold reserve by 4,000 metric tons from 600 tons to diversify risks brought by the country's huge foreign exchange reserves, the Guangzhou Daily reported, citing unnamed industry people in Hong Kong. The newspaper didn't elaborate on the plan." And in a story at foxbusiness.com, they comment on the two tiered gold price with a story headlined "Why Gold is Down, But You Can't Get Your Hands on Any". Congressman Ron Paul and Comrade Ben Bernanke had an interesting exchange on gold yesterday. The youtube.com video is linked here.
And lastly, I see that the Plunge Protection Team got some unwelcome air time on CNBC yesterday. The talking heads were not happy to be discussing this, and did everything they could to pour cold water on the idea. The you tube.com link is here.