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Quayle Alert – Manipulating Metals
Gold prices fell to five-year lows on Monday, weighed down by the dollar’s unremitting gains as the target of the first U.S. interest-rate increase in more than 9 years loomed.
Gold for August delivery, the most actively traded contract, closed down 2.2% at $1,106.80 a troy ounce on the Comex division of the New York Mercantile Exchange, a level last noticed in March 2010.
Silver prices went under to their lowest level since August 2009, and platinum closed below $1,000 a troy ounce for the first time in more than 6 years.
Gold and other precious metals fell victim to a renewed bout of selling in commodities markets last week after Federal Reserve Janet Yellen seemed to give her strongest signal yet that rates in the U.S. would start to increase, quite possibly later this year.
Gold prices fell to five-year lows on Monday, weighed down by the dollar’s unremitting gains as the target of the first U.S. interest-rate increase in more than 9 years loomed.
Gold for August delivery, the most actively traded contract, closed down 2.2% at $1,106.80 a troy ounce on the Comex division of the New York Mercantile Exchange, a level last noticed in March 2010.
Silver prices went under to their lowest level since August 2009, and platinum closed below $1,000 a troy ounce for the first time in more than 6 years.
Gold and other precious metals fell victim to a renewed bout of selling in commodities markets last week after Federal Reserve Janet Yellen seemed to give her strongest signal yet that rates in the U.S. would start to increase, quite possibly later this year.
Gold and silver are dropping in price — 15% and 28% respectively over the last year — while the supply is drying up. How is that possible? Special guest Steve Quayle offers some insight into an unusual situation.
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Source: http://fusionlacedillusions.com/2015/08/04/quayle-alert-manipulating-metals/
I have been following the precious metals manipulation the past two years. It is so the elites can buy it up, along with countries like China, Russia and India, dirt cheap. In the fall there will be an announcement that the Yuan is being added to the ‘basket’ of world reserve currencies, and the U.S. dollar will immediately go down in value versus other world fiat monies. The Yuan, however, will not be in the fiat category, because China will announce it is mostly backed by gold. Gold and silver (the latter metal rises in proportion to the yellow counterpart) will go up significantly in value.
Then things get sticky. COMEX just announced, with their own accounting figures, that paper (make believe) gold is leveraged 124 to 1 (real physical gold). When people who don’t actually hold the physical precious metals find out, there is going to be a panic. The investment banks are trying to get people to dump their physical gold by driving down the prices each day artificially. Watch the Kitco price boards each morning around 7 AM EST. There are billions of dollars of paper short sales done to more than offset the shortage of the physical metals. Much of gold has moved to the Far East during the past two to three years, via Hong Kong. China has been less than honest about its holdings, but I think they have 10K to 20K tons of gold. Remember, all the physical gold on earth will still only fit in the average four bedroom house. Get the physical metals…they will be worth much more than U.S. dollars soon.
Do you think they will pull some kind of trickery to make it illegal for the average person to own or trade precious metals?