welcome back we're talking with bill murphy of gad about the central banks involved in manipulating the gold market market i should also note that central banks have been accumulating gold reserves have increased by more than five hundred tons over the last two years driven by the developing world that's according to the world gold council we've seen central banks load up in general and recently mexico russia turkey in march numbers that just came out from the i.m.f. now the world gold council believes china's central bank also has been making purchases and made significant purchases in the final months of two thousand and eleven so what's going on here and are they possibly getting an advantage allowing them to buy on the dips we're going to ask bill murphy chairman of the gold antitrust action committee and veteran of the commodities industry so bill murphy these banks that have been loading up in conjunction with the manipulation you allege that some central banks want to protect the perception of their currency is that an opportunity for the central banks that are loading up and are

with bill murphy of god and guess who may reach the top spot of the bank of england. this ministry looking squid is just one of many species out of sight and out of mind that could be threatened by human and out of mind i don't think the vampire squid not in this life to i will talk about it let's get to today's capital account. alright it's monday let's talk about gold let's look back in one of his writings a leading english art critic of the victorian era john ruskin told the story of a man who boarded a ship carrying his entire wealth and a large bag of gold coins now when a storm hit a few days into the voyage and the decision was made to abandon ship the man strap the bag around his waist jumped overboard and saying straight to the bottom of the sea now the man's body was found with the rock of the ship many years later and reflecting on this ruskin asked now as he was thinking had he had the gold or had the gold him now i'm telling this story to emphasize the enduring value that gold is held in the minds of people throughout this centuries it's represented not o

bill mclaughlin. this is a fact. and matt murphy's wrong. ght wrong. >> reporter: did eric kill bill mclaughlin? did he conspire with nanette? or was matt murphy in over his head? >>> coming up -- first, they had to face trial where nanette's lawyer had an unusual defense. >> in court, you called your client a slut. >> i did. >> just becauseit doesn't make you a murderer. >>> coming up sunday on "dateline," he's pretending to be a sweet-talking stranger. >> how would you like free ice scream? >> reporter: but really, this is a hidden camera test. could your child be lured into his vehicle? >> have you guys ever been in an ice cream truck? >> reporter: watch and see how real the danger can be. >> he could easily shut that door and take off. >> hi, guys! what would you like? >> reporter: natalie morales puts kids to the test, including her own. >> i'm, like, partly almost crying but at the same time i can't believe that. >> reporter: advice that every pantan cre ♪ ♪ ♪ ♪ everyone has an inner mustang. unleash yours. the new 2013 mustang. when a

there is also the issue of illegal activity taking place around the murphy when the bill in golden gate park. it is kind of a dangerous and sketchy place and many neighbors do not feel comfortable going into the park on that side. what do we need? more police officers certainly -- we've worked with a succession of captains and they have been phenomenally supportive of our efforts to address these various concerns, but their resources are stretched thin. homeless outreach in our neighborhood is much appreciated. we could use that. resources for beautification projects. a solution to the legal activity taking place in the western end of the park. that has been a problem that has been ongoing for decades and we could use some help. this is a quick list of some of our concerns and we appreciate the opportunity to talk to you. [applause] supervisor chu: so we have had a number of speakers just to talk about neighborhood issues. they are representative of some of the things we hear on a daily basis, whether it's pedestrian safety, the challenge of sml-

patrick murphy gave a endorsement for bill's wife, hillary. epeal of don't ask don't tell, implemented by bill clinton back in 1993. kathleen says it was easy to get clinton to campaign for her. a reporter pointed out there is no phone number listed on the clinton foundation website. it makes you wonder if the big dog had to be asked. and the event was held a short distance from murphy's

murphy. what's going on here? why is billng involved in state ag race and on the opposite side of the president's top advisor? the answer, history. in 2008, patrick murphy gave an early endorsement to barack obama who was locked into battle with hillary clinton. kathleen cane was a hillary clinton organizer. it was murphy, who introduced the repeal of don't ask, don't tell. implemented by bill clinton back in 1993. kathleen cane said it was easy to get clinton to campaign for her. she googled his office, got the phone number and asked him. a reporter pointed out there's no phone number listed on the clinton foundation website. makes you wonder if the big dog ha

. >> bill, all scripts, how bad, murphy?> you have the chairman leave or get pushed out right on the heels of that three of the other board members left. you see something like that on the heels of this announcement, i don't think you touch this stock. you need more clarity. >> all right. gary asks with strong gdp print can american market rally higher despite european noise? dr. j.? >> indeed it can. it's mainly noise outd of europe. we have two quarters back-to-back now as far as the uk. we know they're in a recession. >> spain. >> they are still spending. spanish people are still spending. greeks are still spending. so that's not going to be what holds us back. what would hold us back is a more serious break-up of that entity, the eurozone, judge, and i don't foresee that. >> how about it, murphy. >> i think you can see a rally already in the u.s. you've heard from a lot of european leaders they've started to talk about growth. albeit it's slowing, you have a recession, but the u.s. market is in recovery mode and i think

murphy oil. >> this is one of the underperformers, it doesn't have nearly the same strong. exxon or conoco. >> if crude oil goes lower -- >> i think it's been bullish february through may. >> billou. >>> up next, we'll breakdown this chart to explain why it could be raising new red flags on wall street. what is it all about? you'll see coming up. >>> plus, is the controversy around so-called pink slime doing ir rep prabl harm to the meat industry? that is as we come back after the break. back after this. tdd# 1-800-345-2550 the spx is on my radar. tdd# 1-800-345-2550 we're hitting new highs. tdd# 1-800-345-2550 and i'm on top of it all with charles schwab. tdd# 1-800-345-2550 tdd# 1-800-345-2550 i use streetsmart edge and its tools like... tdd# 1-800-345-2550 screener plus - i can custom build my own screens tdd# 1-800-345-2550 or use predefined ones. tdd# 1-800-345-2550 and i can trade wherever i want, tdd# 1-800-345-2550 whenever i want. tdd# 1-800-345-2550 the kicker? tdd# 1-800-345-2550 i pay $8.95 a trade. tdd# 1-800-345-2550 that's a deal in any language. tdd# 1-800-345-2550 open an account tdd# 1-800-345-2550 and trade up to 6 months tdd# 1-800-345-2550 commission-free.

conference with chris murphy and myself laid out for the publicly think is the best case in terms of the need for us to have ongoing regulation and promotion of the cftc and the dodd-frank bill. with that, microopportunity to introduce gene del fer. >> thank you mr. larsen it's my pleasure to introduce to you our other panelists, michael greene brucker his the current professor at the center for health and homeland security at the university of maryland law school he's worn many hats over the years from acting as principal deputy assistant attorney general at the justice department to the technical lead advisor to the u.n. commission of experts on reform of the international financial system. he also previously served as the director of the trading and markets division at the commodity futures trading commission and served on the steering committee on the president's working group on financial markets and as a member of the international organization of securities commissions hedge fund tax force thank you for being here as well as mr. gillford and we will hear your testimony. >> chairwoman rosa delauro for convening this hearing. i've worked with almost everybody in the mee

conference with chris murphy and myself laid out for the public what it is the best case in terms of the need for us to have ongoing regulation and promotion of the cftc and the dodd-frank bill. with that, i taught opportunity to introduce -- my proud opportunity to introduce gene guilford. >> it is my pleasure to introduce our other panelists, michael greenberger, who is professor at the university of maryland law school. he worked as a technical adviser to the un commission of experts on reform of the international financial system. he also previously served as director of the trading and markets division at the commodities futures trading commission, and he served on the steering committee of the president's working group on financial markets. and as a member of the international organization of securities commissions hedge fund task force. thank you, michael, for being well, mr. as guilford. we will start with your testimony. >> [inaudible] >> microphone. >> and chairwoman rosa delauro for convening of this hearing. i worked with almost everybody in this meeting, and you have been great friends of consumers, and you have landed an ear to those of us who don't have the cl

conference with chris murphy and myself laid out for the public what it is the best case in terms of the need for us to have ongoing regulation and promotion of the cftc and the dodd-frank billhat, i taught opportunity to introduce -- my proud opportunity to introduce gene guilford. >> it is my pleasure to introduce our other panelists, michael greenberger, who is professor at the university of maryland law school. he worked as a technical adviser to the un commission of experts on reform of the international financial system. he also previously served as director of the trading and markets division at the commodities futures trading commission, and he served on the steering committee of the president's working group on financial markets. and as a member of the international organization of securities commissions hedge fund task force. thank you, michael, for being here -- as well, mr. guilford. we will start with your testimony. >> [inaudible] >> microphone. >> and chairwoman rosa delauro for convening of this hearing. i worked with almost everybody in this meeting, and you have been great friends of consumers, and you have landed an ear to those of us who don't have the cl