The Silver Doctors The CFTC is sitting on information that implicates JPMorgan as manipulating the futures market in Silver and Gold. The reason this is so damning is that the CFTC has evidence that incriminates JPM as having malicious short positions designed to influence the price action of Silver and Gold towards JPM’s favor; akin to the LIBOR scandal in which rates were manipulated down towards the banks favor. -JPM Whistle-blower
The PM community has been waiting over a decade to see the gold and silver manipulation story go mainstream, as the LIBOR scandal did last summer.
As of 9pm EST tonight, the wait is over…
At 9pm EST tonight, Thursday 4/18, the CBC is set to broadcast The Secret World of Gold, a detailed documentary exploring the co-ordinated manipulation of precious metals:
The Secret World of Gold is a documentary exploring the power and politics of gold, a precious metal with more allure and fascination than any other. Valued for its permanence, beauty and scarcity, people will lie, cheat, steal and kill in the name of gold.
To finance the Third Reich, the Nazis went after the gold of Europe. Allied countries stored their gold offshore to keep it safe. In the first months of the Second World War, the gold of England and France was secretly shipped to vaults in Montreal, Ottawa and New York.
Those ships made it safely to port, but throughout history, many were not so lucky. It is estimated that worldwide, 3 million shipwrecks loaded with treasure lie at the bottom of the ocean. Odyssey Marine, an American company listed on the NASDAQ stock exchange, spends huge amounts of money to search for that gold. But there’s always the risk they will have to hand it over to countries claiming ownership.
In recent years, economic uncertainty is giving gold a new lustre in the world of high finance. Whether it’s a few gold coins or gold bars stored in one of the many vaults around the world, many investors are taking a shine to gold. But there’s not a lot of it. It is said that, even melted down, there would not be enough to fill an Olympic swimming pool.
Some claim that much of the gold held by the Bank of Canada, the Bank of England, the Federal Reserve and Fort Knox is gone — that for every 100 ounces of gold traded, there exists only one ounce of real, physical gold. So, where is the gold — and who really owns it?
Directed by Brian McKenna for Galafilm with CBC-TV.
As the Montreal Gazette reports, the program was originally developed as a historical documentary, until the director discovered a whistle-blower :
Brian McKenna didn’t predict the recent nosedive in gold prices, but he knows someone who did.Those who would like a preview of the documentary can listen to this interview provided by the CBC of Director Brian McKenna. Portion on gold & silver manipulation begins at the 10:00 mark.
“Andy sent me an email early Friday morning,” recounted the Montreal director. “He said, ‘There’s a big event happening. Someone’s dumping 500 tons of gold into the market.’ That ended up driving the price down by $78 an ounce. And 500 tons is 16 million ounces — we’re talking about a serious intervention here. Who’s got that kind of money?”
“Andy” is Andrew Maguire, a key source in McKenna’s fascinating new film The Secret World of Gold, which premières Thursday at 9 p.m. on CBC-TV. The hour-long documentary plunges into the dramatically rich narrative of gold, unveiling some shocking facts along the way.
“I was just going to do a history piece, until I stumbled over a whistle-blower,” McKenna said.
The explosive CBC documentary has been in the works for over a year, since a JPM whistle-blower on March 15th, 2012 alleged that JPMorgan was manipulating the price of gold and silver in a note posted on the CFTC’s website, and taken viral after it was posted by SD.
The whistle-blower was placed in contact with Andrew Maguire shortly after, who upon reviewing the information and documents the JPM employee had obtained documenting the alleged manipulation of gold and silver, assisted in making an official filing to the CFTC. At the time, Maguire believed the evidence of malicious price manipulation in the gold & silver market was so compelling that the CFTC would be forced to act on the information.
To no surprise however, the CFTC reportedly sat on the information, making no public announcements or actions over the past 9 months, while the whistle-blower left JPM & fled to China for safety.
As a result, the whistle-blower has been left no other recourse than to pursue public exposure, resulting in the CBC’s The Secret World of Gold documentary.
The story was partially leaked through the PM blogosphere last August, with both GATA’s Bill Murphy and TFMetalsReport’s Turd Ferguson predicting an explosive and historic move in silver last August out of expectations that the information would be released and acted upon by the CFTC, as in the words of Andrew Maguire, the documentation provided by the JPM whistle-blower was damning evidence, & everything we could want to prove gold & silver are in fact manipulated.
August, September, & October came & went however without any action by the CFTC.
In response, the (now former employee) JPMorgan whistle-blower who submitted the information to the CFTC alleged in October of 2012:
The CFTC is sitting on information that implicates JPMorgan as manipulating the futures market in Silver and Gold. The reason this is so damning is that the CFTC has evidence that incriminates JPM as having malicious short positions designed to influence the price action of Silver and Gold towards JPM’s favor; akin to the LIBOR scandal in which rates were manipulated down towards the banks favor.
Now that the CBC documentary is scheduled to air tonight, and GATA has publicized it as well, the time has come to force exposure and bring the metals manipulation story into the mainstream- particularly in the wake of this week’s blatant & historic take-down of the gold and silver markets.
The documentary includes testimony from GATA’s Bill Murphy, Eric Sprott, CFTC whistle-blower Andrew Maguire, as well as the JPMorgan employee whistle-blower testimony among others.
Bullion bank silver shorts have most likely been covering in mass all week into the silver massacre, and we’ll soon have the data to make the case. Many have speculated that the bullion banks are going to switch to a net long position.
Given the fact that the bullion bankers were no doubt aware of the impending release of tonight’s documentary as well as that at $22/oz, pretty much all existing shorts taken out before this week will be in the money, we believe it is highly likely that Jim Sinclair’s recent call that the bullion bankers were flipping net long was 100% accurate and the bullion banks have exited the majority of their recent 200 million ounce net short position over the past week by covering into the epic gold and silver raid.
Along with the London Whale JPMorgan ICD9 debacle, the LIBOR scandal was one of the largest financial stories to break in all of 2012. Metals manipulation is the London Whale & LIEBORGATE rolled into one single scandal.
Please spread the news throughout the blogosphere to make sure as many as possibly are tuned into CBC at 9pm EST tonight!
http://silverdoctors.com/the-secret-world-of-gold-cbc-documentary-to-take-metals-manipulation-mainstream/
