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FSN: How the Bankers Crashed the Gold Market – Again!
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
Last week’s take-down of the gold price has huge parallels with December 2011 – even down to the freezing of computer gold trading systems at a critical time in the process.
by Lawrence Williams
Mine Web
LONDON (Mineweb) – There have been all kinds of theories as to the cause of the huge drop in the gold market over last weekend, and the best I have seen to date has come from Bill Downey – proprietor of the internet site www.goldtrends.net and long term student of the gold and silver markets.
Interestingly, the driving down of the price may not have directly involved the Fed (although there could perhaps have been some collusion) – but relates initially to a drawdown in physical stocks of gold on COMEX and in the JP Morgan vaults (and perhaps others too) to levels which could seriously damage the short position holders in the metals. While the analysis is yet another theory on what actually happened, its parallels with the gold price take-down of December 2011 are too close to be ignored – even down to a total breakdown of the computer systems allowing trading of physical gold at a critical point in the price action. Too unlikely perhaps to be a coincidence.
Continue Reading at MineWeb.com…
2013-04-23 06:45:06
Source: http://silveristhenew.com/2013/04/23/how-the-bankers-crashed-the-gold-market-again/
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