The BB's dont have the phys to cover delivery, not even a portion of it and they need to cover their shorts, if they cant deliver(IE defualt) the price go's sky high and the nice little earner they get from manipulating the metals markets starts spiralling out of their control. It would also have an effect on every other nice little earner the banksters have going with fiat as it would be proof positive that 1: They do not have the phys to cover the paper 2: That everything they have been saying of late with regards to gold/silver being a dead market is wrong . 3: That trust in the fiat and markets is dead. How do they fix that? Start some rumours in the MSM, Gold bull is dead/over, then near the end of the week dump a heap (of paper)to start the ball rolling and then point and shout some more with the MSM that "see we told ya Gold is dead". Once you get the desired effect and sheeple start unloading their paper gold and silver you follow it up by dumping some more (paper) every time the price pauses or starts to rise. Monday morning you rinse and repeat at market open. Algo's kick in and then you ride the wave all the way down and trigger all those deep stop losses, cover your shorts and reduce the need to actually have the physical for delivery as all the nervous nelly's sold their paper or got stopped out . Heh Gold and silver The barbarous relics are dead right, and now the banksters can step in and buy up all the phys they want/need at discount prices. But what do you call a Giffen good that unprecedented public demand now exists for due to an historic fall in price ? And what will happen when the Giffen effect kicks in on a rise in price?
So is the market being manipulated up now? I don't think Cyprus has sold it's gold yet so they can't be blamed.
MatrixOpals (W&F) often referred to this in relation to diamonds and opals. His view was that it was a result of direct market manipulation from certain families to force the desire to buy amongst consumers. PS: He also often referred to a lot of other stuff. :lol:
