Commodity Trade Mantra

Posts Tagged ‘Comex Floor Trading’

Manipulative Attacks on Gold And Silver Failing to Yield Desired Results

The attacks on the price of gold persisted through Thursday, resulting in what appears to be a record weekly percentage drop in Comex gold open interest. But this attack resulted in a shallow price decline. And if you trace the build-up in the bullion bank short position over the past couple of weeks, it appears that the banks were willing to sustain losses on those shorted contracts in order to cover them.

Gold Market Insider Trading & Financial Terrorism on Comex

One motive of the manipulation is to control Comex trading in a way that helps the Fed contain the price of gold, thereby preventing its rise from signaling that problems festering in the U.S. financial system are growing worse by the day. This is an act of financial terrorism. Another motive is to help support the relative trading level of the dollar.

follow us

markets snapshot


Market Quotes are powered by Investing.com

live commodity prices


Commodities are powered by Investing.com India

our latest tweets

follow us on facebook