Via Investment Research Dynamics
It’s no secret that the banking cabal has been going to great lengths to prevent gold from breaking out above its 200 day moving average. Why? Because it is likely that if this were to occur, it would “flip” the hedge fund black box algorithms from selling rallies and shorting downside momentum to buying gold sell-offs and chasing upside momentum higher. In other words, it would make the task of keeping a lid on the price of gold much more difficult.
The effort to keep gold from legitimate price-discovery is understandable – from the elitist banking cabal perspective, at least: if the price of gold were allowed to trade freely, it would likely find a market-setting price at least 3-5 multiples above where it is right now. If this occurred, it would completely undermine the Fed’s QE and ZIRP monetary policy. It would also cripple the Fed’s ability to keep the stock market juiced wreck the carefully crafted illusion that everything is fine in the U.S. economic and financial system.
Today’s gold smack was one of the more blatant displays of the unfettered corruption that has engulfed the paper gold market:
When I woke up this morning, gold had jumped $13 from its previous day’s close, as both China and the ECB indicated that they would be printing more money to prevent their respective banking systems from collapsing. Out of nowhere, about an hour before the London p.m. fix, the price of gold suddenly “fell” off a cliff. Initially, 2,692 contracts (7.8 tonnes of paper gold) hit the Comex (Comex floor + the computerized trading system) at 8:58 a.m. EST. From 9:00-9:30, another 21,855 paper bombs were dropped (approximately 63 tonnes) hit the Comex; from 9:30 – 10 a.m. EST 25,914 contracts were launched (75 tonnes). To put this in perspective, the minute before 8:58 a.m. 302 contracts traded. In the 30 minutes following the attack, 8,583 contracts traded.
The p.m. London p.m. gold price fix, which “officially” is set at 10:00 a.m. EST, involved unusually large volume and an unusually large 9 iterations in order to set the price. The price was “fixed” at $1,161.25, which was $18 below the $1,179.30 high price gold had hit shortly after the ECB announced more QE.
In total over 5 million ounces worth of paper gold traded during the smash. As of today, the Comex vault operators are reporting only 202.3k ounces of gold to be available for delivery. With no relevant news or events reported, it can only be concluded that the price drop in gold was an attack on the price by entities intent on preventing gold from the process of legitimate price-discovery. Perhaps worse is the fact that Governmental agencies put in place and funded by the Taxpayers to prevent market corruption are either indifferent to or complicit with the market intervention.
Hold your horses:
About 8:54 a.m., the GC futures contract (COMEX Gold Futures) started dropping and fell about 20 points. As of this writing, 10 of those points have been gained back.
No big deal. Not an unusual daily swing.
Here’s a project for you, Admin. Going back to ’08 total up the cost to taxpayers for this gold price suppression. I’ll bet it’s at least 1/2 a Trillion.
omg ! Here is a thought , but what if the privately owned central banks all around the world were in cahoots? What if they had a grand ,multi generational, plan to control all resources and all people?
What if they don’t care about whatever currency units they create out of thin air it costs them ?
They still win .
They can artificially control the price of whatever commodity they wish simply by creating or destroying currency units. But a can of beans is a can of beans . An ounce of gold is an ounce of gold .
Determine your investments according to your needs?
Try to think beyond the shorterm timeframe that they mold with the social media constructs such as talmudvision programming ,twitter which teaches what to speak and think in less than 123 characters ? And all the other crap they use to limit your thought . WTF do I know lol im just a cook