Gold attacks don’t Come From gold Speculatorswho want to proceed slowly and not wreck their exit positions.
By Bill Holter
From
'Those Attacks On Gold Don’t Come From Adam Hamilton’s Mere ‘Speculators’
May 7, 2017'
https://www.jsmineset.com/2017/05/08/jims-mailbox-1909/ "Yet these attacks often require access to billions of dollars, money available only to the world’s biggest financial institutions, particularly central banks. And while these attacks may be “short-lived” in their individual manifestations, of course they have been happening for years, ever since the gold futures market opened in the United States in 1974, just after the U.S. government sought and received assurances from bullion banks in London that a gold futures market would facilitate the injection of so much volatility that ordinary investors would be scared out of gold:"
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"The answer, of course, is that the attacks are not being undertaken by mere “speculators” at all but by central banks, as GATA long has documented:" (me- with the help of the COMEX and LBMA, gold and silver futures selling, exchanges)
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"Long-side and short-side speculators alike want to sell gold futures at the highest gold price possible. So they don’t sabotage their own exits and entries by unleashing far more selling than the market can bear. Normal rational speculators enter and exit large positions relative to market volume gradually, over hours. A 20,000-plus contract buy or sell order broken into pieces and spread across hours will have a far-smaller price impact"