kingworldnews.com / February 09, 2017
With the price of gold moving steadily higher after a major breakout above the key $1,220 level, today an associate of former Assistant U.S. Treasury Secretary official, Dr. Paul Craig Roberts, says today the equivalent of 30% of the available physical gold for delivery on the Comex was dumped in 60 seconds.
“Central banks stand ready to lease gold in increasing quantities should the price rise.”
– Alan Greenspan, 1998, in Congressional testimony on OTC derivatives
Dave Kranzler: Gold has been in a steady uptrend since December 18th, bottoming at $1,131 after a four and half month price correction. Firmly back over the 50-day moving average, the price momentum appears to be a threat to the bullion banks who suppress the price of gold in the paper derivatives market on behalf of the Western central banks and, ultimately, the Bank for International Settlements (BIS)…