Can anyone please explain this?
The raid began at exactly at 10:00am EST coinciding with the Fed's release of its monetary policy statement to the House Financial Services Committee.
For those who claim these immediate waterfall gap-downs in both metals were as a result of Bernanke's dissapointment in no further QE, please realize this occurred exactly as the full report was released, and note the massive paper volume of 225 MILLION OUNCES OF PAPER SILVER OVER 30 MINUTES used to smash gold by $65 and silver by $2!
this is all you need to know....
permanent gold backwardation is almost here when it arrives it will be all over with the complete currency collapse...there will be no bids for dollars.....gold up 27 tonight...this was a pre planed rig job i have absolutely no doubts in my mind...
I don't know how else to explain it. They use paper to move the markets, there is almost NO gold or silver actually changing hands at "spot" price, and almost none moving on the Comex. It is all a show for your entrainment. Forget gold, buy silver because you know how to use it. Don't know how to use silver? LEARN. Start here:
Then buy silver, it is precious. I don't give a damn what the "spot" price is, and neither should you.
BONUS! No one can make a bomb out of silver in your possession.
This is the article that got my posting privileges revoked:
along with the banking system decided to smack it down to shake out the traders.
Front Fell Off
Simply put. it's just that. Pound the longs standing for delivery of physical metal the exchange doesn't have. Use Bernanke's testimony as the cover for it. Drop unlimited amounts of money on a market that didn't want to fall until it does.
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Options expiry for futures was last week. Today was 1st notice day. They needed to get futures holders to sell for cash, not take delivery, so they raided gold and silver, and forced those contracts to sell or roll over to the following month.
JPMorgan, and company. I say keep stacking, and stay away from the paper market, it's as fake as fiat currency.
Time to buy some gold and silver while the prices are down!
"Moderation in temper is always a virtue; but moderation in principle is always a vice." -- Thomas Paine
SLW mining stock.Looks good to me.
It should be obvious by now that the Elite Banksters can just always slam down the price of Silver and Gold way, way down anytime that they really want to.
There is no stable value in metals when they prove this over and over and over....
Wouldn't surprise me if Silver is back in 20s again in a few days...the history repeats and repeats and repeats....
They will keep slamin the price down until one day they can't!
The untouchable criminal class always can.
They make-up all the "rules".
The criminal class cannot overcome the market forever. Rerearch fiat money collapses and you will find your statement simply is not true.
The "market" you speak of doesn't exist.
The Criminal Class redefined/replaced the "market" when they made Federal Reserve dollars the World standard by which all other currency depends upon. If the FR dollar gets too diluted, they will just simply establish a new World currency instead, and then run that one through for the next 100 years or whatever.
But they make all the rules here. If they want to slam down Silver, they've proven that they can easily do this over and over and over again, anytime they want.
There is no market (left).
There is only corruption.
If it fails, it is simply replaced by something that they define (yet more corruption)
You don't have any idea what you are talking about..
I think the people predicting Silver going to $100 are the ones with the egg on their face.
You have an agenda.. the only time you come into this thread is when silver gets sold off.
gold pulled back versus the dollar as the markets are expecting no more quantitative easing (due to Bernanke's comments) in the near term.
Why markets believe the word from Geithner, Bernanke, etc is beyond me.
“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul
It's kind of a phenomenon and an ongoing joke with investors. Every time Chairsatan Bernanke opens his mouth, gold values drop.
Zerohedge dug RP's hearing with him today: http://www.zerohedge.com/news/ron-paul-ben-bernanke-people-l...
When a true genius appears in the world, you may know him by this sign: that the dunces are all in confederacy against him. ~J. Swift
I heard on one of the financial news channels that alot of big banks and fund managers sold off alot of gold today to have more cash on hand.
I'm guessing they want the money to invest quickly in this FAKE bull market.
I cant believe that with everything going on around the world with all the war, debt, and bailouts that the market soars once again.
I guess these A holes will get what they deserve. Take some notes from the good doctor today and load your pockets with real wealth. SILVER
To arms! To arms! The Redcoats are coming!
You can manipulate the Gold "paper market" when you have access to the printing press.
Thanks to the manipulators, Central Bankers(it was mainly the ECB today imo), Gold is now on sale at the moment... here in the USA.
The ECB rained paper money onto Europe's banks, and it looks to me like capital fled the Euro and came into the Dollar. The Euro fell, the Dollar rose. Since Gold is priced in terms of Dollars for us here in the US, the price of Gold fell for us. What happened to the price of Gold if you have to use Euro's to buy it? I bet it went up.
The Dollar can be printed. The Euro can be printed. Gold cannot be debased by a printing press. Just be glad your not trying to buy Gold with Euro's today. Tomorrow, I might be saying, just be glad your not trying to buy Gold with Dollars, lol. Don't let The Powers That Be fool you.
And, I recommend giving a donation to GATA if you can.
EDIT: Looks like I was wrong about the price of Gold going up in Euro's as the Euro fell from something I just read. Not sure why that is. Perhaps it is part of the manipulation that's going on.
"If we lose freedom here there's no place to escape to. This is the last stand on earth." -Ronald Reagan
When they took us off the Gold Standard they took away our money... in order to make it theirs. -OneTinSoldier
I just checked and the Euro Spot price plummeted too, But to not as great a degree. However in the last 3 hours or so the Price has been spiking back, but again, more so with the Euro price, showing a weaker Euro. Yes currency manipulation is the main factor here.
Thanks you DZdownUnder. Perhaps I'm not totally losing it then.
I think you're looking into this too much
Gold is a fixed value commodity and that means that the systems dollar is becoming more rare. Be ready for the Gold to go back up though through inflation of the dollar, cause it's gonna happen soon!
....the dollar (i.e. FRN) does.
so he had to show who is the boss.
but it's only temporary. consider it a gift, to buy some more physical.
It's just a technical correction. Look at the one year chart and rest easy knowing that the trend line is up regardless of today's correction.
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