In what has become a regular occurrence over the past couple of years the Precious Metals Cartel (PMC) have initiated protection of the artificial gold price floor using naked paper gold longs.
As you can see from the chart, gold is in a natural decline, but continues to be defended each time the price reaches US$1180 an ounce.
Rather than having to buy physical gold to defend this line, the PMC uses gold futures contracts on the comex and similar markets to leverage the capital they have to buy, buy, buy. This leverage allows them to spend much more than they really have in cash to buy gold, manipulating the price higher using artificial demand.
In the meantime they spread propaganda about the short side being unable to deliver on the physical gold contracts, even though they have a warehouse full of gold to do so... where is the PMC's warehouse full of paper money to make good on their promise to take future delivery?
Not only do the PMC attack gold to defend this floor, but there's usually coordinated action that also results in them attacking the value of the US Dollar. See this chart for the damage they've done to a clear uptrend.
The US Dollar should be trading at much higher levels given the past...
It's time to break the PMC's hold on the US Dollar. Buy physical US Dollars, store them safely in preparation for the long term bull market that will eventually return!
- Paper Money Shield
dear PMS - are you hearing anything from your London Sources about how tonight's slashing of gold and silver margins by the COMEX is their last stand at trying to aid the naked paper longs in this disgusting, rigged, manipulated, farce of a market?
ReplyDeletethanks in advance...
I've heard the PMC has sources inside the CME working on their behalf to make changes when the floor price needs to be protected. Unbelievable!
Delete