Craig Hemke a/k/a Turd Ferguson joined us today for an in depth discussion of the insane precious metals markets. If you don’t believe they’re manipulated, just look at today’s Financial Times and the article on UBS’s reprimand by the Swiss financial regulator for front-running precious metals contracts. And that’s just the tip of the iceberg. As Craig explains it, there’s nothing but manipulation taking place, and then you have a day like Friday, when the open interest on the Comex goes crazy and the price of gold goes up $37.50, for no apparent reason. Craig also linked gold’s woes to the Japanese Yen, showing that the recent decline in the Japanese currency went hand in hand with the decline in the price of the yellow metal. We’ll see what will happen next and make sure you tune in to our webinar on November 25, 2014 at 9pm est with Craig. He’ll be going much more in depth and you’ll definitely want to catch it.
Sign up (on the right side) for the instant free Financial Survival Toolkit and free weekly newsletter.