Gold and silver price manipulated?
Manipulated by the Bullion Banks!
Craig Hemke inks at Silver Phoenix 500 platform and viewed, it has been a long ten years, but it seems that the investing world is finally beginning to realize that the globally-recognized prices of gold and silver are managed and manipulated by the Bullion Banks, which operate as market makers within the fraudulent fractional reserve and digital derivative pricing scheme.
Actually,
if you understand this, then the price action often makes sense. If you view
the price charts from the perspective of a bullion bank trader, then you can
see where technical analysis is used against you, the regular trader/investor.
At my site TF Metals Report, we call this "Manipulation Analysis",
and it serves us all quite well. Let's take recent action as your latest
example.
The price of COMEX gold broke out to new all-time highs last August but has since been managed lower within a well-defined downtrend by the market-controlling Banks. And why do they do this? To keep the trend and sentiment moving downward for as long as possible in the hope of managing and covering their massive short positions.
The purple arrow is the upper boundary of the widely-followed
"bull flag" on the weekly and monthly charts. It is imperative that
The Banks keep price below this line for as long as possible, for any
breakout like the kind that was severely beaten back in early January will be
quickly recognized by traders, and price will begin a new and accelerating
uptrend.
Be sure to notice that every subsequent rally that has dared tap that flag line has been immediately crushed backward.But also note the parallel red arrow below it. This line was initially enforced as resistance all through the fourth quarter of 2020, only now it serves as support—most recently on Tuesday, the 16th. The Banks have tried to smash the red arrow, too, but the current rush toward physical metal is prohibiting it. In the end, ALL trends are broken and it's just a matter of time before this one is, too.
But, anyway, this post is not about COMEX gold. Instead, it's about COMEX silver and the ongoing, grassroots effort to squeeze the Banks through the acquisition of physical metal. This movement has generated such momentum that The Banks are getting nervous...as plainly evident by the actions of both JPMorgan and Aberdeen in regards to their allegedly "fully backed and allocated" ETFs.
As an aside, ask yourself why the fund manager Aberdeen would feel the need to voice a concern regarding an "online campaign intended to harm large banks". What the heck does that have to do with their supposedly fully-allocated silver fund? But I digress…
Since late January, the movement to squeeze The Banks has consistently gained momentum, and I've been asked on multiple occasions to compile a list of all the posts I've written for public distribution through Sprott Money since 2016. So, here's the list. Please feel free to sort through, read, and forward as many as possible.
Of
course, the length of the list would be much longer if I included everything
I've written at TF Metals Report since 2010. It would be impossible to compile,
too, since we discuss the price manipulation nearly every day. For now, though,
let's just start with the earliest I can find and work forward.
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