Post by
Luke555 on Dec 14, 2021 5:56am
AM FIX -SPOT GOLD PRICE-- PT. 2
To support my claim of AM spot Gold price fixing , I recently provided a clear example, that a Central Bullion Bank working with the US FEDS dumped $1.25B worth of gold futures (twice) in less than a minute each on the web of market price fixing otherwise known as the COMEX. This tactic had the effect of dropping the spot gold price $40.00 instantaneously.
I’m sure others have watched in dismay and have noticed a similar pattern that the spot price raises overnight in Asia and as soon as NY futures open at 8AM the Bullion Banks and the US Feds working together make their moves and dump worthless paper gold contracts on the Comex.
It’s frustrating to watch the maneuvers of the US Fed Reserve and its cronies manipulate the gold price with derivative based poison contracts, all I can say is that the house never loses. The deck is stacked against the world gold producing countries!
I also mentioned that a Chair of the Federal Reserve once stated that they will do anything and everything to support the US dollar and maintain its position as the reserve status. This tactic has been going on since 1971 and there is no control mechanism available to the authorities to end the ongoing manipulation of the gold price.
The US Federal authorities are in total control and will not let the spot gold price float to its rightful value. And the various stock exchanges in the world along with the guardians of our legal system are in cahoots and hopeless in resolving the issue and stopping the corruption and lay criminal charges. They merely watch on the sidelines and shrug their shoulders.
What I’m saying sounds crazy but true. The USA is sinking in debt and printing worthless fiat dollars to solve the problem---Remember the liquidity problems of 2008, to me this is all dj vu stuff.
Comment by
gisellekronk on Dec 14, 2021 8:09am
yup , they are trying to maintain the fiction of a strong u.s. $ , and so far they are winning . at some point it will change , but every gov. around the world is printing , and people are still going along with the insanity that their money has value . when does the loss of confidence happen ? i am 70 it may not happen in my lifetime .
Comment by
Luke555 on Dec 14, 2021 11:26am
Giselle, remember that your age is just a number! We are all getting older (not ancient). My philosophy is to wake up every day and enjoy life and count my blessings… Or as my mother-in-law would say life is for the living… I don’t worry about the volatility in the spot gold price; this price fixing problem will take care of itself just like everything else…
Comment by
greendayyyy on Dec 14, 2021 3:43pm
LuKe555.................Always a pleasure to read you. I noticed that Basel 3 would even be delayed until 2025. As they say stretched the sauce to continue to manipulate and manipulate the prices. No law against this mafia.