Wednesday, April 10, 2013

Watch the Fed faux accidental release of key information to the wired in Elites a day early - just get swept under the rug.......Where is the outrage ? Oh , that's right no one gives a darn anymore......

Global looting , bankster insider information with Fed caught making an " error " .... an error that just happened to hit all of the key  Elites ....... actually , we now know who the true elites are , as far as the Fed is concerned !


http://market-ticker.org/akcs-www?post=219670


So now we find out that not only did The Fed "accidentally" leak the minutes a full day early but that the recipient list included banks and lobbying organizations.
I have two questions:
  1. Why are there special people who get emailed copies of these things while the rest of us look them up as PDF's on The Fed's web site?  Regulation FD anyone?  Yeah, I know, The Fed isn't a company but the principle is the same - giving someone special access in front of everyone is wrong.  Period.  It's also supposed to be illegal but it appears that some "exemptions" have shown up.  Those need to go away.  Now.
  2. Why did none of the people who received this transmission early tell anyone about it? An innocent error only remains one when the person who gets the early transmission notifies someone that it happened so the problem can be mitigated.  That didn't occur.
Do I actually expect the SEC to bring charges and the DOJ to indict for insider trading?  Here's my response to that question:
smiley








http://www.zerohedge.com/news/2013-04-10/fed-releases-names-early-fomc-minutes-recipients-include-employees-goldman-barclays-


Fed Releases Names Of Early FOMC Minutes Recipients: Include Employees Of ECB, Goldman, Barclays, JPM, Law And PE Firms

Tyler Durden's picture





We will release the full list of named recipients once we get it, but here is what we now for now, via BBG and CNN:
  • EMPLOYEES AT GOLDMAN SACHS, BARCLAYS, JP MORGAN, CITI, NOMURA, UBS, HSBC RECEIVED FED MINUTES EARLY YESTERDAY
  • MOST OF THE BANK EMPLOYEES APPEAR TO WORK IN GOVERNMENTAL RELATIONS (Lobbies)
  • ABA, SIFMA, SENATE STAFFERS RECEIVED FED MINUTES EARLY
  • FED NAMES 154 RECIPIENTS OF EARLY RELEASE OF FOMC MINUTES
  • FED MINUTES SENT EARLY TO BANKS, LAW FIRMS, PRIVATE EQUITY
  • FED EARLIER SAID RELEASE WENT MAINLY TO CONGRESS, TRADE GROUPS
  • NONE OF THE PEOPLE ON THE LIST ALERTED THE FED THAT THEY RECEIVED NONPUBLIC INFO A DAY EARLY
In other words: absolutely everyone who trades risk assets for a living!
A more detailed list, which also includes the ECB, via the WSJ is as follows:
Banks, trade groups and lobbying firms:
American Bankers Association
American Council of Life Insurers
Barclays Capital
BB&T
BNP Paribas
Capital One
Carlyle Group
Citigroup
The Clearing House Association
The Cypress Group
Fifth Third Bank
FINRA
Goldman Sachs
The Gray Company
Guggenheim Partners
HSBC
Independent Community Bankers of America
IntercontinentalExchange
J.P. Morgan Chase
King Street
National Association of Realtors
Nomura
PNC
Regions Bank
Rich Feuer Anderson
Roberts Raheb & Gradler
Securities Industry and Financial Markets Association
Standard & Poors
Sullivan & Cromwell
UBS
U.S. Bank
Wells Fargo
Whitmer & Worrall
Williams & Jensen
Government agencies or public-oriented entities:
Austria Federal Ministry of Finance
Bank of Japan
Conference of State Bank Supervisors
Congress (House & Senate)
Consumer Financial Protection Bureau
European Central Bank
Federal Housing Finance Agency
National Credit Union Administration
Treasury Department
White House
Of course, once the lobby workers got the list, they promptly forwarded it into the gaping maw of the mothership which pays the salaries and bonuses.
Naturally, to say that nobody traded once getting this material, non-public information, is about as credible as saying that nobody traded on the material, non-public information leaked by Tim Geithner in August 2007 when he informed the banks one day in advance of a critical Fed decision. Oh wait:

We will provide the full list of people who manipulate and cheat the market shortly, but for now we are curious to see how the Fed will spin that EVERYONE got an advance notice of its minutes a day in advance without this becoming a material issue with the regulators, and just how many billions in hush money it will take to push this all under the rug.


http://www.tfmetalsreport.com/blog/4632/desperation-time

Desperation Time

Wow! A few years back, the early release of The Fed's latest FOMC minutes to a handful of their friends would have sparked outrage. Now it's just...whatever. Everything is so freaking corrupt anymore, nobody even cares.
So I guess now we know why gold rolled over yesterday afternoon, after such a staunch rally. And I guess we know why it was sold overnight. Throw in the very-well-timed Reuters report of a 9-10 metric ton confiscation sale of Cypriot gold and whadayaget? Gold down $20+, that's what you get! A very well-played Cartel hand of observing some Spec short-covering yesterday and then drawing them right back in today. One of these days, a rally will finally establish some momentum. A new UPtrend will begin and the Specs will begin to feel some serious pain. That day is NOT today, however.
Here are some updated charts. As you can see, I printed them before another paper bomb was dropped on the Comex a few minutes ago. Oh, well. I guess we'll just keep an eye on things here and see just how far the can beat it down. As I type, I've got $1558 and $27.58. As a side note, I was encouraged on Monday that silver held much better than gold and it is doing so again today.
Back to the Cypriot gold robbery sale story. A couple of thoughts...
  1. 10 metric tonnes is roughly how much the GLD has been raided for in just the past week! It fell again yesterday by another 5 tonnes or so to 1,200.37. Again, on 1/2/13, the GLD allegedly held in "inventory" 1,349.92 metric tonnes.
  2. And it's not as if the Cypriot gold will ever see the "market". If it really is taken sold, I'm sure it will just be driven across town and loaded onto one of those Russian Navy ships docked in port.
  3. And, again, what's 10 tonnes? A drop in the proverbial bucket! For example, just yesterday the Chinese reported "official" gold import/export numbers for February. The total import number was 97 metric tonnes while showing 36 tonnes being exported to Hong Kong. This makes a net number of 60 metric tonnes. In one month. Rather dwarfs the Cypriot deal doesn't it? But don't tell that to the SpecShorts. They just want to sell, sell, sell.http://www.mineweb.com/mineweb/content/en/mineweb-whats-new?oid=185408&sn=Detail
Moving on...All of this flies in the face of the discussion I had with Andrew Maguire this morning. He wanted me to tell you that he is "absolutely certain of a helluva lot of gold and silver being allocated and delivered at these prices". He, too, sees the Bullion Banks gleefully leading the SpecShorts into an untenable position where they will soon have a "religious experience". Andy also told me about a segment on Bloomberg earlier today where, in a discussion about Bitcoin, the combatants actually used the words "rehypothecated" and "leveraged" several times when discussing whether or not the global gold supply was any more real than the global Bitcoin supply. He said he nearly spit out his coffee when he heard it. Well, it took a little searching but I found it. See for yourself:

Just a few other random items as it's already 1:10 EDT. First, here's a great new post from Detlev Schlichter. Please take the time to read it. http://detlevschlichter.com/2013/04/its-official-global-economic-policy-now-firmly-in-the-hands-of-money-cranks/
And, while GLD is being sucked dry, sales at The U.S. Mint continue at a record pace. The Mint has taken to reporting sales about once every 3-4 days. Why? I don't know. What I do know is this:
  1. Sales are robust and The Doc reports that, just like in January, The Mint is now "rationing" ASEs. Keep in mind that The Doc runs his own bullion store so he knows what he's talking about here: http://silverdoctors.com/us-mint-sells-nearly-1-million-silver-eagles-monday-begins-rationing-sales/
  2. And look at these numbers. For Q1 if 2011, The Mint sold 12,429,000 ASEs and 299,500 ounces of gold. In Q1 2012 sales fell off to 10,139,000 ASEs and 210,500 gold ounces. But in 2013, Q1 sales were 14,223,000 ASEs and 292,500 ounces of gold. That's quite a turnaround!
  3. But now get a load of this...In April 2011, when silver was soaring and gold was tagging along, The Mint sold 2,819,000 ASEs and 108,000 ounces of gold. Last April, The Mint sold just 1,520,000 ASEs and only 20,000 ounces of gold. So far in April of 2013, sales through yesterday totaled 1,706,500 ASEs and 43,500 ounces of gold. No wonder they're "rationing"!
So, look, hang in there. I know this stinks and everyone's patience is wearing thin. I get it. But I can tell you, the desperation of the BBs is palpable and they are simply attempting to trap as many specs on the short side as possible before the metals explode. The physical market is finally exerting itself and it is wresting control of price away from the criminals at The Comex. The "spot dog" is now wagging the "futures tail". Therefore, continue to be patient and you will soon be rewarded.
TF