by Dave Kranzler | Aug 13, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
The price of gold continues to hold up under the enormous selling in the paper derivatives markets on the Comex and LBMA. This morning’s price attack is a good example: The chart above shows December paper gold in 5 minute intervals. Typically the price of gold...
by Dave Kranzler | Aug 9, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals
For the majority of the last 20 years, the western Central Banks, under the direction of the BIS, have been able to use the precious metals derivatives markets to “manage” the price of gold. As long as counterparties who are “synthetically”...
by Dave Kranzler | Jul 25, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals
Currently gold and silver are behaving in a way that I have not seen since late 2008. The gold open interest on the Comex is near a record high (657,776 on July 11, 2016). The Comex banks continue pile into the short side while the hedge funds pile into the long side....
by Dave Kranzler | Jul 8, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals
Gold tends to perform the best when the real rate of interest (interest rates minus the real inflation rate) is negative. For now, the Central Banks have been able to contain the movement of gold in order to prevent the price from doing what it should be doing when...
by Dave Kranzler | Jul 5, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
Today’s attack on gold and silver was one of the most predictable in my 18 years of involvement in the precious metals sector. On Wednesday just before the close of the NYSE, I loaded up at-the-money puts on NUGT that expire today. I sold them right after the...
