Chinese Gold Demand Appears To Be Picking Up Again
https://www.zerohedge.com/commodities/c ... king-again
Silver is down 31% from its March high.
The rubber band can only stretch so far. And based on history, we’re likely darn close to a big snapback.
The paper market could be 100 times the size of the physical market.
That means there are 100 paper claims upon each ounce of physical gold.
Currently the price of gold is set in two places. One is the London spot market, controlled by six big banks including Goldman Sachs and JPMorgan. The other is the New York gold futures market controlled by COMEX, which is governed by its big clearing members, also including major western banks.
Rigging futures markets is child’s play. You just wait until a little bit before the close and put in a massive sell order. By doing this you scare the other side of the market into lowering their bid price; they back away.
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