RE:The Cartel appears to be going all in...Vester111 wrote:
The Cartel appears to be going all in...
Gold OI just keeps growing into new record territory...everyday. They blew right through 70M ozs pushing up on 71M. Are the wheels coming off this scam? One margin call away?
Stunning...This looks like a runaway train. Also look at the contract churn. AND Dec contracts are still over 446K that declare in 13 biz days. The cartel will probably be trying to stomp gold at least to the 29th as US markets are closed the 28th. They will probably try to pound into early Dec to prevent contract delivery (ie send over to London.)
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It is incomprehensible to me why anyone would sell their Gold/Silver coins or bars based on what the COMEX says they're worth. True value should not be derived from crooked derivative trading.
If you were buying a real estate development company that sold 71 future houses but only had one of them built that you could take possession of now. Would you feel comfortable buying the whole 71 at the price they set now knowing the future prices are controlled indirectly by the sellers. i.e. Comex big money Bankster traders.
Or if you were buying a used (preowned) car business that had 71 cars on their inventory sheet but you visited the lot and there was only one available for delivery that could be had today would you trust that they would eventually be able to deliver the rest someday at that price and pay for all 71 now knowing that the value of the cars could be different once delivered and they ultimately control that value.
These big banks make big futures bets and if they are losing on a trade they just borrow some money from the overnight lenders over and over until they can cash out on the winning side or at least breakeven. They can force the markets up or down because they have virtually unlimited borrowing capacity at almost free rates. If rates go negative they will be able use your money to bet against your trades. Then if they lose on a trade they will recoup at least part of their losses from money you have on deposit. Talk about the Casino edge they will get you on brokerage fees to take part and you will have to pony up part of their bet as well.
No wonder we now are in the era of
REPO MADNESS
Are the yellow vests of Paris a foreboding of ?
Guillotines Revolution Anarchy Misery
How much to escape this dark future?
Is 30 pieces of Silver enough ?