CFTC Asleep as Precious Metals Prices Raided on a Sunday Night!
In this report, I cover the early market action from London on Monday, October 8th, 2018. I look briefly at the precious metals, the stock market, the dollar, the bond market, and oil prices.
This morning I focus on the price action in the gold and silver futures market last night (EDT Sunday). I show how the powers that be control the price of gold and silver by smacking the price of the metals during the quietest and illiquid times.
It is difficult to prove exactly who is behind this precious metals raid but as an observer of the markets for decades I can say that this type of activity was taking place in the stock market regulators would be all over it like a rash. With gold and silver very little is done by regulators like the CFTC.
My conclusion is that the bankers with their phony fiat money system need to keep the public away from physical gold and therefore use the paper market on Comex to control the price and discourage public interest in the precious metals. Personally, I think that in the long term the bankers are fighting a losing war as fiat money always reverts to their intrinsic value of zero.
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Great explanation sir. Gold is the most precious metal and it's value never be down.
Agree with you about gold.
They can smash it down all they want I’ve got patience, thanks mike
I am totally appreciate your post.. because,,you discuss about market gold economic and banking..I think gold is always most precious metals..In the market it demands always high..
So,,I am very glad to this great analysis..
All the best..
👌👌👌
How deep does the corruption run, if even the regulators are turning a blind eye? What is going on in the PM market does not bode well for Comex. These shenanigans will only stop until the market is so hollowed out, it will become irrelevant. Who will determine the value of PMs in that scenario?
They are certainly low right now but I think that they are off their lows and will probably start to move higher now as the overall market corrects. A lot of people want to know when the metals will rise but the equities markets really haven't had a correction in 10 years (of any significance) So, at some point gravity had to kick in and I think it will be sooner than later.
China, Russia, and JPMorgan are cornering gold and silver now. There is little phisical gold and silver left in the world whatever price might be.