Why is Gold and Silver in free fall yet AGAIN?Submitted by LibertyBaby on Thu, 02/26/2009 - 16:45
After hitting $1007/oz last week, Gold has plummeted each day this week down to $930/oz, and most likely back to the 800s range by the end of this week.
Silver is in total free fall, going from around a high of $14.65/oz last week down to the depths of 13.00/oz in a massive retreat back to the $12/oz range.
I have lost all faith in the people that say Gold and Silver are "safe stores" of value on the one hand, and then acknowledge that the commodities markets are manipulated by the Central Bankers on the other.
These statements clearly contradict each other. Market manipulation of this nature can never provide safety.
Furthermore we have seen three straight times now, within the past one year, a precise systematic short-selling and selling-off of commodities, once Gold gets up to the range of 1000/oz.
This clearly argues the case, that Gold will never exceed 1000/oz, because as soon as it gets that far, the Central Bankers will kick in the short-sells all over again and start a new panic on commodities. We have seen this now, over and over again.
So there is no senario in which Gold will, for example, ever get up to 1000/oz, and hold there or even increase, with all the market manipulation going on. This is what the past history has shown.
It makes no sense that skyrocketing debt and expansion of the money supply, would bring about a plummeting of prices in Silver and Gold, but there you have it. The Central Bankers own most of the Gold in the first place (as they have literally for several Centuries).
It's not a free market.