RE: Market2223 Aug 2020 14:41
Thank you Market & Mr Gnome & Mr Bond,
Regulated markets indeed, what joke, the regulators ,even some politician and cabinet members, certainly the BOE,FED,ECB other central banks, the LBMA,BIS,World Bank,Gold Council the financial media, even BullionVault know this manipulation goes on, yet do nothing, instead they go along with the sham and we get the same old reasoning, the rise was overdone, a healthy pull-back,the market was overbought, got ahead of itself, backfilling, bargain hunters, this is all sheer unadulterated crap!
The have even been people on here in the past who claim that those with integrity who for decades have been trying to expose the corrupt manipulation of the markets are lunatic conspiracy theorists and that the markets should be trusted, "Trust in the markets my ar*e!".
Last week a $4 billion dollar gold paper short took place overnight to hammer the price of gold and yet apart from Andrew Maguire and Bill Holter hardly anyone spoke out and it seems that this is almost forgotten, or people are afraid to speak out because they know this is the reality and are frightened rabbits or worried that a similar huge shorting could take place at a time to suit the market manipulators whenever they choose again!
The precious metals expert explores how the CME is raising financing costs in silver futures, official efforts to contain the gold price and where we are now and at what price would be fair value.
https://www.youtube.com/watch?v=kZcrB489LSc
W Holter-Sinclair collaboration
Re https://www.jsmineset.com/2020/08/12/this-is-not-2011/
e received many e-mails and phone calls yesterday re the gold and silver trashing. First, this is not 2011 in any way shape or form. Back then, we were at the end of at least 2 1/2 years of very strong action coming off the 2008 GFC lows (or 10 years off the 2001 lows). Today we are less than 6 months off the lows. While physical demand was good in 2011, physical demand today is off the charts and stronger than ANY time in memory. In fact, Miles Franklin saw almost zero sells yesterday as the already very busy phone lines exploded with new buy orders!
Add to retail demand the fact that central banks bought nearly 20 tons of gold over the last 30 days. Understand, central banks do not buy gold to trade, it is an effort to shore up their shaky foundations because they know where the current financial lunacy leads to. Also, COMEX August deliveries look to be a barn burner! First notice day saw 143 tons standing which prior to this June was simply unprecedented. As of yesterday, that number has increased to slightly over 150 tons. Until about 18 months ago, standing amounts would always leak down into final delivery day, now each and every month sees queue jumping where the amount standing for delivery increases on a daily basis each and every month. Physical demand will mathematically overwhelm the available supply that paper exchanges can deliver, we are very close to this realiza
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