Commodity Trade Mantra

Posts Tagged ‘LBMA Gold’

Paper Gold Bomb Detonated when World's largest Buyers were Closed - Why?

The day was well chosen: Two of the largest buyers of physical gold in the world, India + Turkey, were closed for the observance of a religious holiday. And Shanghai closed for the day 31 minutes before the paper gold dump. Why would a large quantity seller sell when the largest buyers are not in the market at the time of sale? This is unadulterated BIS/ECB/BoE/Fed sponsored market intervention.

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