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Manipulation of Gold & Silver by Bullion Banks
Manipulation of Gold & Silver by Bullion Banks
As a former spot currency trader for a major international bank, I have had first-hand experience of central banks directly intervening in currency markets in massive size, repeatedly. You’ll hear a lot of people say market manipulation is a conspiracy theory, despite the fact that it has been proven in court several times in various assets classes and especially in precious metals. Books have been written about Gold and Silver manipulation for decades. Central Bankers have admitted it publicly. Now it has become so obvious that it’s predictable. I know because I made 500% in less than 24 hours on Friday last on a 1-week SLV 15.50 strike put option I bought on Thursday at 2pm. I bought that put expecting the Bullion Banks to come in and hammer the metals, given the typical signals I was seeing ahead of each time they slam Gold and/or Silver lower. Moreover, I began warning people on Twitter a week ahead of time that this could happen (note the dates posted):
I’ll provide those typical signals later, but let’s take a look at what happened to Gold…
Since May 24th, Gold has been capped at its 200 day moving average despite being oversold, extreme overbearish per the DSI and Funds positioning being at levels that has consistently led to strong rallies over the past 3 years. Yet, on this occasion the price went down?
So why did the price go down? Below is the daily changes in Gold open interest (“OI”) on the COMEX up to and including Friday last.
Notice how OI rose significantly around May 10, and the price of Gold fell hard. Then OI fell consistently but the price did not rise, instead it remained capped under its 200-day MA. Then, beginning Tuesday, June 12 and for the next two days, open interest rose a total of 18k contracts.
…click on the above link to read the rest of the article…
Canada’s crazy Libertarians want to legalize lemonade stands, baby-walkers and Bitcoin
Canada’s crazy Libertarians want to legalize lemonade stands, baby-walkers and Bitcoin
Maxime Bernier’s near-win of the Conservative Party leadership suggests that Canadians increasingly are tempted by smaller government. But maybe Bernier is in the wrong party. So says Tim Moen, the dynamic leader of the Libertarian Party of Canada, whose upcoming convention, will take place between July 5thand 7th, 2018 at The Westin Ottawa. Following is an edited version of Moen’s comments.
What will be the key themes of the upcoming convention?
In a word: “energy.” Libertarians have long been a small niche in Canadian politics, which is dominated by special interests. But recent events have energized our base. Maxime Bernier’s near win of the Conservative Party leadership and his subsequent repudiation by the party’s establishment provided Canadians with a key message: those who want liberty, free markets and smaller government will be more at home in the Libertarian Party.
Your recently provided Bernier a chance to run for the Libertarian Party’s leadership by offering to step aside. What makes you think he would do a better job than you?
Maxime has a national profile, well-established credentials and excellent knowledge of the threats posed by the Bank of Canada’s disastrous monetary policies. Libertarians are a party of ideas not of personalities. We work with anyone who is willing to build a better country. If that means stepping aside to take on new talent, I’d do so in a second.
We are seeing increasing signs that Canadians agree. For example the Ontario Libertarians ran a near-full slate in the last election. There is also considerable interest in our Ottawa event. Journalist Brian Lilley is scheduled to appear as is Matt Bufton of the Institute for Liberal Studies. We also reached out to the Canadian Taxpayer Federation, the Canadian Federation of Independent Business, the Blockchain Association of Canada. Even to the local Bitcoin community!
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