OPENING GOLD PRICE HIT ON COMEX AGAINAt the risk of sounding like a parrot, who repeats himself over and over, did you observe that the spot price was up overnight in Asia and as soon as NY futures open at 8AM the Bullion Banks and the US Feds dumped worthless paper gold contracts on the Comex and according to a 24-hour Gold chart the impact was the gold price dropped from US $1,772 to US $1,764.50! Believe me folks; this pattern of criminal behavior has been going on for years in order to support the US dollar and maintain it as the reserve world currency. On some days at the opening, the drop is a lot more severe. Conclusion: We do not live in a free market system!
What I fail to understand is how come the Central Banks of the World, led by the USA are allowed to carry-out this scheme of gold price manipulation without any reprimand? Please don’t tell me that the gold price is set every morning by five major entities in London England!
Why doesn’t the World Gold Council assume the leadership role and address the issue of gold price fixing and bring the concern to the forefront and have a serious discussion on the issue.
We are led to believe that we live under a fair global economic, financial and free market system but in my opinion that the furthest thing from the truth!
Moreover, based on past history, I believe that the end game for bloated leaders reigning over bloated debt always ends the same: More lies, more controls, less liberty, less truth and less free markets.
The gold mining industry has been manipulated for years by the Western economies, and I think that major gold producers like Russia and China are lurking in the background and are about to assume a leadership role in the gold mining industry.
I may get some rebuttals for expressing my views on the subject matter but I believe that’s the direction were headed for.