Relevant:
- How They Capped The Gold Price Rise In Brexit
- Barron - Bullion Banks Draining GLD To Cover Shorts; Supply Asian Demand
- Maguire, Who Predicted Last Week's Gold Surge, Says System is Collapsing
- Here's Why IMF Gold Swaps Amount To Organized Looting Of Sovereign Wealth
- London Trader - Many Gold Shorts Wiped Out, Lost Everything!
2012-06-08 — kingworldnews.com
"What happened yesterday in the gold market was very interesting. One full hour before Bernanke's testimony, the bullion banks started selling.  Over the next 4 hours, the bullion banks sold the equivalent of 515 metric tons of paper gold...  During this entire takedown, there was zero physical gold available for sale in the market. However, this action did create tremendous supply for the Eastern buyers to lock in the spot price of gold.  This will patiently be converted to physical in the coming weeks.
...
On the opposite side, the rise we saw last Friday was not a natural rise, it was a squeeze of the hedge fund shorts...
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.