Gold, Silver Smashed On Gold-Friendly News Report

Move along regulators and financial media “journalists” – there’s nothing to see here…other than the obvious.  As the open interest, naked short position in silver climbs to an new all-time record and approaches 1 billion ounces of paper silver – most of which is a naked short position – the physical buying markets of the world continue to accumulate massive hoards of gold and silver and the fraudulent paper manipulating world continues to keep the price down for the buyers.

Same story today (click to enlarge):


After yesterday’s take-down of the metals by the Comex criminals, the eastern hemisphere physical gold buyers decided to do more “feeding at the trough.” Gold rose steadily during Mumbai, Hong Kong and Shanghai trading hours.

As soon as Shanghai closes, London opens up and the paper gold bombs start flying.  Gold is immediately hit nearly straight down for the first 30 minutes.  The market rebounds as the naked shorts contemplate the a.m. LBMA pirce “fix.”   Clearly there was an excess of bidders looking for the delivery of physical bars, as the price rose into the 3 – 3:30 a.m. fixing period in order to balance out buyers and sellers (of actual bars).   After the fix it was hit again with more paper.

Of course, gold was banged as soon as the Comex floor opened at 8:20 a.m. NY time.  This is about a 90% occurrence.  Then, about 5 minutes after the GDP 2nd revision report came in as expected, gold was taken off a cliff for another $6.

Any who can’t see the blatant manipulation here is either an idiot or is involved in the corruption.  Clearly, the GDP report should be gold “friendly,” as a negative GDP means th economy is contracting and it reduces or eliminates the probability of any interest rate bumps (which we already know to be the case anyway) and it heightens the possibility of QE4.

I don’t know when this corruption will end, but market intervention and systemic corruption always ends with catastrophic consequences.  Anyone who is not at least moving all of their paper “wealth” out of system – this includes retirements assets – will live to regret it.


3 thoughts on “Gold, Silver Smashed On Gold-Friendly News Report

  1. Rinse, Wash, Repeat. Either this is all be done on purpose and we’re just germs in the E-leech petri dish. Or the Anglo/American Empire is trapped and being played like a cat and mouse routine. Watching this is painful to say the least. We know in our hearts and functioning brain cells we’re right. But it’s been what ? Four years ? I’ll keep stacking at these prices until someone can convince me that fundamentals DO still exist and that the monetary system is nothing more than an elaborate ponzi scheme.

    Dave: On another note. A friend is heading to Europe for a couple of weeks for his Son’s graduation. He asked me whether he thought I would buy Euros’ now or wait a bit ? Frankly who knows in this environment. Care to speculate ? I won’t hold you to it.

    1. I wouldn’t touch ANY fiat paper currency. Tell him to have a good time and forget about the markets. It
      might be the last time he gets to take that trip.

  2. Stop complaining and buy, buy, buy. I am often a bit puzzled by all the complaints, about how the price is being suppressed, by people who claim to want to hold physical. The suppressors are your friends, in that case. They are not your friends if your goal is a profitable flip back into fiat.

Leave a Reply

Your email address will not be published. Required fields are marked *

Time limit is exhausted. Please reload CAPTCHA.