Precious metals have been manipulated for ages, as well the shares of mining companies.
There have been some truly massive raids on silver with astronomical naked short selling.
But still silver rises again and again. Without continual manipulation of gold and silver could be anywhere by now.
As soon as they ease their manipulation they both just pop up again.
And with gold just look at a chart of US money printing against the price of gold. Gold tracks US money printing pretty closely. And of course the US tends to print more and more when they are in deep economic poo, as they still are, and will need to keep printing since they have a massive deficit to keep funding.
We know the two banks acting as proxies in the manipulation of metals and the person at BIS.
Gold (and silver) is an alternative currency that removes the power of bankers. A gold standard of any sort is a threat to their massive profit thieving.
As noted on Harvey Organ's web site, the recent take down of metals didn't not see open interest decline. That means despite the short selling and price fall people were not scared off.
This must be scaring the cartel as if more and more start demanding deliver of the bullion rather than cash settling or reselling then the banks will have to go get it off the maket, buy it (since they don't have it) and that would sky rocket bullion prices all over again.
AYN Price at posting:
2.9¢ Sentiment: Hold Disclosure: Held
