Friday, 22 April 2016
Spot Gold (and Silver) were just effectively "mugged."
- "Someone" [read: BIS?] just dumped $2 billion worth of notional paper Gold into the Futures Market in 5/10th of one minute.
The "new price discovery" is now unlimited unbacked paper [read: naked shorts] which is OK, but only if the Banks do it via the COMEX and LBMA.
- Don't try this at home for yourself, because you'll go to jail.
From Theo Spark at 11:42