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JUNE 8th GOLD MANIPULATION… WAS ENORMOUS!

 WE SAID IT HERE ON MAY 31 ON THIS SITE  ” BLATANT MANIPULATION IN THE GOLD MARKET…EXPECT IT TO OCCUR AGAIN. AND IT CERTAINLY DID OCCUR AGAIN TODAY. 

  AND IT IS NOTHING LESS THAN BLATANT MANIPULATION TO CREATE THE IMPRESSION THAT GOLD IS NOT A WORTHWHILE INVESTMENT AND IS SIMPLY BEING SOLD ON A LARGE SCALE. THE SALES ARE  DECEPTIONS AND NOTHING LESS. FOR EXAMPLE, TODAY, AT ABOUT 9:30 EST, 30000 CONTRACTS IN GOLD FUTURES WERE SOLD AT THE “MARKET” WHICH IS EQUAL TO APPROXIMATELY $4,000,000,000 ($4 BILLION) IN U.S. DOLLARS.

UNDERSTAND THAT TODAY’S SALES WERE NOT OF TRUE GOLD BULLION BY SELLERS SUCH AS A CENTRAL BANKS OR  COMMERCIAL MINE(S). THEY WERE PAPER CONTRACTS.   COMPRIS?

THE PURPOSE OF THESE ONGOING MANIPULATIVE SALES  IS TO SUPPORT THE ASSERTION THAT GOLD SHOULD NOT BE CONSIDERED AS A VIABLE INVESTMENT.  THAT ASSERTION IS TOTAL NONSENSE. THE “POWERS THAT BE” WANT A CONTINUING FLOW OF INVESTMENT FUNDS INTO BONDS AND STOCKS. 

ANOTHER NEGATIVE DEVELOPMENT IS THAT FORCING WEAKNESS IN THE PRICE OF GOLD HAS AN EFFECT OF CREATING WEAKNESS IN GOLD EXPLORATION AND THE MINING INDUSTRY.   

 

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