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Home » bank holiday » bullion banks » central banks » china » comex » gold » gold market » gold price » manipulation » Comex uses Chinese banking corporation vacation to shell aureate below $1300 together with silvery below $18

Comex uses Chinese banking corporation vacation to shell aureate below $1300 together with silvery below $18

In recent history the West has used banking concern holidays, or depression book periods inward Asia, to dump futures contracts worth millions together with sometimes billions of ounces despite the fact that these bullion banks never furnish the physical metals to back upwardly their trades.  And it is through this machinery that the cardinal banks ofttimes operate bullion banks, together with the shorting of newspaper contracts, to prop upwardly the dollar when it comes nether pressure.

However, it is this calendar week inward particular, from Oct, two - 7, that the Comex together with London Gold markets tin larn their biggest smasher for their buck inward driving downwards golden prices cheers to piffling opposition from Asian buyers.

Live New York Gold Chart [Kitco Inc.]

Live 24 hours silverish nautical chart [Kitco Inc.]

With several dark swans hanging over both the economic scheme together with the markets, cardinal banks are using every stair out possible to protect the dollar, specially inward calorie-free of the fact that the Chinese Yuan has at nowadays locomote out a global currency that is inward at nowadays contest amongst the USA reserve.  And unless something pregnant occurs betwixt at nowadays together with the cease of this trading week, hold back for the precious metals to autumn nether fifty-fifty to a greater extent than extreme pressure, together with hold out beaten downwards for no detail argue other than through the manipulations imposed past times the bullion banks.

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Label: bank holiday, bullion banks, central banks, china, comex, gold, gold market, gold price, manipulation
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