Precious metals (gold and silver) have been manipulated for years - it is open secret. The Fed, traders, banks all know. But if it is exposed, then confidence in currencies will drop like a stone, including the USD.
The markets are already in a slow boil panic, because they are still riding on the heroin injections of QE.
I would not be surprised if a few more bankers (and maybe some investigators) are found to have committed "suicide" by the end of next month.
Also, expect those who hold "paper gold" certificates to be found holding worthless paper.
for matt
Heroin? More like methamphetamine. We are so screwed...
If the market is manipulated down, and you think the price should be a lot higher, isn’t this a good thing because you can buy at a lower price?
It’s 2015. The only precious metal is Lead.
Goldbug ping.
This was predicted a while back, and reposted last month: http://www.barnhardt.biz/2015/08/
Well, whatever happens the real question I believe is ... will gold and silver spike afterwards? After all the investigations?
If it looks like it will ... buy buy buy now!
But... but... Glen Beck told me to buy gold.
the real issue is how the fed does it and why.
the fed’s job is to insure the dollar doesn’t deflate to $0.00 ... as such, anything that hurts the dollar is bad.
when they know some event is about to be announced (and yes, they have insider info), they buy up gold at market towards the end of the day... and the next morning dump it for a loss. this has the effect of downward momentum on gold, giving an upward momentum on the dollar. then the bad news comes out and the dollar’s momentum swings downward, back to normal.
all this costs the fed is the lost ... but that money is part of the $80b/mon (if they’re still printing it)
It is too easy to hold physical gold and silver; why bother with certificates?
See all Glencore Market rumors of $30B debt load collapse
——the investigation would likely conclude in either 2016 or 2017-——
Thank goodness they are hurrying