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June 2, 2006

Trading shots was not as dangerous as I had feared, Fri., June 2, 2006, 11:50 AM

Wall Street Journal is the world's premier financial media. So today after I was made a front-page print edition promo for a fairly new reader service in Wall Street Online run by markets editor Mark Gongloff, I had to ask if he would permit me to link my blog to the real deal. This is after all a milestone for me.


Mark replied:

"Please do! It's generating great response already. The Question of the Day, which you can see in an inset box in the story, is also generating a lot of heat. Thanks again for your help. It really turned out well, I think. Best, Mark"

So here is the story. It's part of "Trading Shots" " but I don't think anybody really gets shot do they? LOL


12:22 update: I discovered the link is not live except on my server, so I asked WSJ about that. Mark Gongloff replied: "There was talk here yesterday about making it free to the public. Let me see what's happening with that."

I thought they had already wanted to do that, so when I asked if the link was ok to be released, and Mark agreed, I assumed (incorrectly) it was a "live" non-premium link.

We'll see what can be done.


2:00pm update: WSJ provided me a new link, which I think works. Let me know. Thanks.

Posted by Posted by Bill Cara on June 2, 2006 11:50:30 AM | Category: Cara re: Cara

Discourse

You need a subscription for the WSJ Trading Shots link.

Posted by: glenn-mp [TypeKey Profile Page] at June 2, 2006 12:06 PM [link]

Right glenn-mp ...

Bill will the 'Little People' get the opportunity to see your milestone work without a subscription?

Posted by: C.Note [TypeKey Profile Page] at June 2, 2006 12:20 PM [link]

This is from a google news search, but still it only takes you to the WSJ subscription page:

How Much Hedge-Fund
Wall Street Journal (subscription), NY - 12 hours ago
... where he hopes to attract money managers who don't mind relatively little regulation -- and comments daily on the markets on his popular blog, BillCara.com. ...

Posted by: ccn [TypeKey Profile Page] at June 2, 2006 12:51 PM [link]

ALoHa BiLL !!

How's the Canadian view? The Hawaiian view is just awesome and sunny with a light tradewind blowing! Too bad the POG view isn't doing so well these days ...

You have recently pointed out how "We The People" are being used by our own elected officials and the Federal Reserve and the Goldman Sachs(Gambino Sachs) to benefit their bottom line! I guess Goldman Sachs has determined that an 85% profit margin isn't enough yet the CNBC spin machine has convinced the minions to go protest Exxon's shareholder meeting because of Exxon's excessive profits. At least Exxon produces a product that can be used by all people of the World to better our lifestyle. What can all of us hard working people do with all Goldman's Sachs futures contracts? I would venture a guess that all those concerned citizens protesting the Exxon shareholder meeting have never even heard of a futures contract or Goldman Sachs! That is how clueless the average US citizen is ... The efforts to protest Exxon are at best misplaced ... Why doesn't anyone protest the US Federal Reserve in NYC or Goldman Sachs headquarters?

Bill ... you are onto something when you talk about a reform of the financial system that has been fleecing us "investors" for nearly 100 years ... Since the creation of the Federal Reserve. The link to their staggering profits is the people we elect that make the rules. I call these political sellouts ... the two party aristocracy(Republican and Democratic parties). It matters not which party you vote for or what platform these parties run on. Both parties are one-in-the-same ... they serve the same Master ... they both serve the elitist bankers. Surely now you can see this ...

I just looked at KITCO.COM and saw the following on a lower than expected non-farms job report.

At 11:00am EST(NY time)

- The US dollar down 74 to 84.00.

- All foreign currencies UP.

- All gold prices in foreign dollar terms UP.

- XAU and HUI are up

- Gold down $8.90USD.

- Silver down $0.54USD.

Is that truly not stunning and I will bet that not one CNBC talking head will mention that it seems implausible that gold and silver would be down. The only plausible reason for this is blatant manipulation by the insiders, the Goldmans and the JPs ...

How is this accomplished? Goldman opens up an account at the TOCOM in Japan in January 2006 so they can manipulate the gold price in Asia. They hold court at the COMEX(CRIMEX)so they cans short the NY markets all day long(24/6). Now they can manipulate the POG around the clock. What does Goldman Sachs do over the past five months since Jan 2006? They put on the biggest short position on gold ever assembled. Each day the POG rises $10 they put on more shorts ... each day POG rises $5 they put on more shorts ... Then finally May 19th comes and the POG starts to weaken because it has had a speculative bubble and risen too fast. Here we sit today and POG has tanked over $100 since May 19 all the while Goldman and JP have been shorting since Jan 2006. These guys had advanced notice that the POG would tank in May while the Federal Reserve and their cohorts the ECB and IMF did little to no selling which allowed the POG to rise. On May 19th the Federal Reserve with the help of the ECB and IMF sold or loaned(loaned is the same as selling)gold to the world bullion banks to dump on the market and drive the price of gold down. Where did they get this gold supply? It came from "We The People". The source I believe is the peoples gold at the Federal Reserve and the IMF and the gold ETF and silver ETF that are funded by the same people that buy shares of GLD and SLV ... the minions and the minions pension funds ... In the end the American gold will be in the hands of the elite bankers, Russia and Asia.

You have to speak with Bill Murphy the leader of GATA. The CNBC crowd label GATA as a fringe group of gold bugs who have nothing better to do than tout "crazy and kooky conspiracy theories" ... Bill Murphy was a guest back in the late 90's on CNBC and after that one time they never invited him back because he was not towing the Federal Reserve(elitist bankers) line ... the line that sells "paper" and "IOUs" ... All GATA(Gold Anti-Trust Assoc) is doing is documenting the daily manipulations by the US government, Federal Reserve, Wall Street and the elite banks that make the excessive insider profits off the selling of the people's gold

supply. I suggest you at least subscribe to LeMetropole Cafe(free 15 day trial)so you can see what GATA does.

In my opinion we have to muster the combined forces of all those who are fighting for the future of "We The People". That would definitely include Bill Murphy ...

I am sending you the GoldRush 21 DVD today ... I lost time during the Memorial Day holidays and hectic work schedule here at our nursery.

I appreciate your website and your fight to expose the truth to the people. Like you I am no socialist. All I want is the US Constitution re-enacted at all levels ... especially corrupt monetary policies and the termination of the Federal Reserve.

Posted by: kaimu [TypeKey Profile Page] at June 2, 2006 1:13 PM [link]

I made a special trip to the store to buy a print copy of WSJ only to discover the article is online only???

Posted by: Juker [TypeKey Profile Page] at June 2, 2006 1:35 PM [link]

Kaimu ... you have insight into the manipulation of Gold and Silver through ETFs. I am very interested in learning more about this. Where do you get your research? I'd like to dig deeper into this subject, as well.

Posted by: CalexKitty [TypeKey Profile Page] at June 2, 2006 1:46 PM [link]

ALOHA !!

In my opinion the best source to follow the daily manipulations of all US government data and markets, including ETFs is the LeMetropoleCafe. The website is: www.lemetropolecafe.com. They currently have a free 15 day trial membership that gives you access to most of their data. It does not give you access to their chat board and certain e-mail alerts and articles. I believe the annual membership is around $200 so it is quite affordable considering the vast info they cover.

ON ETFs:
Please ask yourselves why a system deriving its power from paper(US dollar and stocks)and run by elite bankers would allow an ETF to exist? The day you can buy physical gold and silver as part of your 401k will be the day the system becomes honest. ETFs are used as a source of supply for gold and silver to control the spot price of gold and silver. In other words those who guy GLD and SLV are putting supply into the hands of the Goldman Sachs and the JP Morgans for their own profit. Why else would a bullion bank get SEC approval to buy physical gold and silver? Look at the prospectus of GLD and SLV and you will find NO ACCOUNTABILITY by these banks. You have no insurance that the actual gold and silver being purchased is on deposit since the only auditors are the banks themselves. You have no third party, unbiased auditor reviewing the actual gold bars held in GLD. Same for SLV ... What insurance do you have that the shares in GLD and SLV that you bought correspond to an actual gold or silver bar? All share syou buy are "unallocated" and "not insured". Unallocated means there is no corresponding bar number listed for your name. In a monetary crisis all you own is an "IOU" nothing more. You already have IOUs in your wallet, they're called US dollars! If you want true protection from a US dollar meltdown then the only true security is owning the physical metal yourself(not held in a bank). If you must own gold IOUs then I suggest more reputable establishments than ETFs. GOLDMONEY is one and so is the PERTH MINT ... The Perth Mint offers secured gold that is allocated to your certificate and insured by the Australian government and Lloyds Of London.

ETFs are a Wall Street hoax for physical gold and silver and a front for the bullion banks and the central banks. ETFs benefit banks not "We The People" ...

Posted by: kaimu [TypeKey Profile Page] at June 2, 2006 4:56 PM [link]