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Banksters Unleash a Golden, Sunday-Evening, Drive-by Shooting

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from The Wealth Watchman:

Bang Bang

Well friends, I had intended to write on something different today, until I saw what happened last night on the gold scene.  I’d had an eerie feeling all weekend that something was likely to occur there on par with the silver drive-by shooting over 4 years ago, and on this occasion the usual suspects didn’t disappoint.  To quote a famous, New York Yankees catcher, it was “deja-vu all over again”.

In the late-evening hours, gold(along with silver, platinum, and copper) was taken to the cleaners.  The powerful clotheslining began with “someone” machine-gunning the entire the metals complex, particularly gold.  How powerful was it?  Take a look at this chart:

Here we see gold literally having $50 sliced off its asking price…..within fractions of a second.

Fractions of a second!

Now, it’s one thing for such a bankster shooting to occur in silver, after all, it’s a ridiculously small market, dominated by nothing but banks and hedge funds…we’ve all come to expect that of these criminals, sure…but gold is an entirely different animal to put down in this way.

Let’s put this in perspective, shall we?

After all, flash crashes aren’t unique, they happen quite often on various forms of capital, but let’s remember something, here: there are trillions of dollars worth of gold in our world(that we know of), and for $50 to be “gone”…in one tick, means untold, momentary dollar destruction.

There are roughly 7 billion oz of (known) above ground gold in our world, and for $50 to be taken off like that….means theoretically that all that capital was reduced by $350 billion…

In. One. Breath.

In one second, an amount of dollars equal to all the cash loaned to Greece over decades was “lost”.

“Good Lord, Watchman, how big of an ammo dump did it take to shave $50 off of gold in one clip?”

Glad you asked that one, apparently this is the type of firepower needed to make gold trade like a penny stock!

“Gold, Precious Metals Flash Crash Following $2.7 Billion Notional Dump”

Now, $3 billion is serious cash for a nano-second trade in anything, but why did the banksters do this? Why now?

Well, that one’s not too hard to figure out…

Gunning the Stops

Here’s the modus operandi which the cartel has used to crater price for the last 5 years, while cranking up its psychological war on stackers to the maximum level possible.  I’ll try to boil it down to a shortlist.

1)The banks take down a metal to a specific price point(in this case, $1,130 in gold), covering their shorts in the process, and going as long as they can.

2) Once the price point has been achieved, they let the price bounce off that low, and start to aggressively short all the speculator and hedge fund money that starts to go long silver or gold.

Read More @ TheWealthWatchman.com



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