from King World News
Look at what the wealthy are doing as the gold and silver prices plunge.
November 11 (King World News) – Alasdair Macleod: Eric, it is important to understand the interests behind this week’s markdown in gold and silver prices. Last week, the bullion banks were beginning to be squeezed by hedge fund buying of Comex gold contracts, on top of their near-record shorts. They are really hurting.
Markets are both thin and volatile, so we saw the Dow jump over a thousand points in response to the promise of a vaccine that will begin to be administered hopefully in December, but most of us will not get it before the New Year. What is not realised is that in thin markets equity prices are being driven by monetary inflation, which will continue, because the economic damage goes well beyond the coronavirus…