RE:RE:RE:Looks like 2015 world productionDuh.
They write gold futures contracts to force metal holders to sell - that's the point of 'paper dumps'. Think about it, eh ? For every one ounce of physical gold available for trade there are 100 paper claims to it.
It's called MANIPULATION. Get it ?
Maybe if you had physical gold and you saw the price dropping (especially like it was hammered 4/13/2013 - 4/16/2013), you'd sell too. Nobody actually sold 1,378 tonnes of real gold over the weekend.
https://investmentresearchdynamics.com/gold-and-silver-shortages-become-acute-gld-is-being-looted-again/
As I have been documenting on this site, the amount of open interest in paper Comex gold contracts has gone parabolic in the last few weeks – here and here. The open interest in gold went up again on Friday by 274 contracts to 474k. This is 47.4 million ounces or 1,378 tonnes of paper gold – an amount of paper gold that exceeds the amount of physical gold held by most countries globally.
But more significantly, this amount of paper gold is 98x greater than the actual amount of physical gold held in Comex accounts that is classified as “available to be delivered.” In other words, the amount of paper gold outstanding on the Comex is 99% fraudulent. In relation to the underlying fundamentals and in relation to the actual amount of physical product available, the bubble in Comex paper gold is the largest in history. Then add to this the amount of paper vs. physical in London, estimated conservatively to at least 100:1 – right Jeff? (Jeffrey Christian of CPM Group).