GATA Goes After the Dirty Fed

I am thrilled, thrilled, thrilled.

GATA Sues the Fed for Proof of "Gold Market Intervention"

(p.s. in case you don't know, "intervention" is just a polite way of saying "manipulation" and therefore implies that the Filthy Fed is putting its hand in the gold cookie jar where it doesn't belong. Nowhere in the Fed's dual mandate of "price stability" - LOL! - and "maximum employment" - LOL again, where are we on unemployment numbers, anyone? - does it say "interfering" in gold markets without having to be accountable to anyone is also allowed.)

I'd type more but you guys know how excited stuff like this makes me.

I recommend it at the link above (shameless self-promotion, sorry, this is awesome stuff) but there's more gold market LOLz to be had at Fort Knox: The Real Knock-Off Capital of the World? Or, Alternatively, SERIOUSLY WTF Gold OMG!!!!!

Who do they think they are fooling? I'm only half paying attention and this is obvious. And awesome. I'm squealing, you hear it? Come on, where's the Enron PR chick from the Board to swoop in and make this one go over well? I'm waiting!


W.C. Varones said...

Interesting. This graphic from JDA focuses on October 2008.

That's the same period when I noted the bizarre plunge in spot gold at the same time that there was a physical gold shortage. I assumed it was leveraged hedge funds blowing up, but maybe it was the Dirty Fed. Either way, it was a hell of a buying opportunity.

Anonymous said...

wow, so they filed suit against the fed in *federal court*???

wonder what'll happen.

Happy Super Tuesday!