Bankers orchestrate another raid, offer a huge 16,000 short non backed gold contracts in a span of 5 minutes/ in silver they offer 7500 contracts/Chinese official plan is to stiff suppliers: they are behind by 192 days late/Saudis state that they will have to recalibrate their relationship with the USA/Volkswagen agrees to a 10 billion dollar settlement on the emission fraud
by Harvey Organ
Harvey Organ’s Blog
[…] I WROTE THE FOLLOWING YESTERDAY:
“Today(Tuesday) the boys disappointed me. Not for the lack of trying as they tried whacking gold/silver in normal trading hours but to no avail. However in the access market THIS (Tuesday) AFTERNOON they raided knocking gold down to $1243 and silver 16.94. It will be a slug fest tomorrow”
And it surely was a slug fest with the bankers firing on all cylinders trying to knock gold and silver down. During the night silver started to take off reaching its zenith at $17.60. Gold, this time was beating to the silver drum as our ancient metal of kings took off in sympathy rising to $1271.00 before the crooks lowered the boom on both metals.