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Why is Gold and Silver in free fall yet AGAIN?

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.

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SteveMT's picture

Stay calm. Hold your gold. Read below.

Problem bank list keeps growing
Thursday February 26, 2009, 2:50 pm EST

The government's closely watched listed of troubled banks grew during the fourth quarter to its highest level since 1994, regulators said Thursday.

The Federal Deposit Insurance Corp. reported that the number of firms on its so-called "problem bank" list grew to 252 during the last three months of 2008, compared with 171 banks making the list in the prior quarter.

"There is no question that this is one of the most difficult periods we have encountered during the FDIC's 75 years of operation," agency Chairman Sheila Bair said Thursday.


When the banks and the market go bust. What will everyone be buying?

Market Manipulation

But the market manipulation will always be there.

The Central Bankers are in control.
They will drive the price down whenever they want to regardless of "troubled banks", as they are doing right now, and throughout 2008 as well.

Supply and Demand has become an irrelevance, when you have this systematic market manipulation, by the masters of the game.

through out history.... all

through out history.... all manipulations eneded.. and they ended badly for the manipulators.. the manipulation ends when enough silver is taken out of the comex warehouse.. that is happening, the only problem is the ETF's are doing the same thing.. buy physical and hold! now is a good time to buy a little physical silver here and there..

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

SteveMT's picture

Liberty:Their printing presses are working overtime. That is..

their last and only option to hold this thing together now. What else can they do? Dollar printing and gold/silver dumping on the market is as you say: manipulation. However, how long will it be before the dollar goes up in smoke?