Monkey-hammering Gold and Silver – Chris Powell
TND Guest Contributor: Chris Powell
Taking another look at gold futures market positioning, the TF Metals Report today says the collapse of the always-short bullion banks has gotten closer:
http://www.tfmetalsreport.com/blog/7700/onward-toward-bullion-bank-colla…
And Zero Hedge today charts the three quick smashes in gold futures over the last several days. “Gold and silver prices are being vertically challenged by an urgent ‘seller,’” Zero Hedge reports. “In the latest round of monkey-hammering, ‘someone’ decided to opportunistically sell over $1 billion notional gold in five minutes.”
It’s something else for the silly technical analysts to analyze. It’s posted at Zero Hedge here:
http://www.zerohedge.com/news/2016-07-05/here-they-come-again-precious-m…
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About Chris Powell:
Mr. Powell has been managing editor of the Journal Inquirer, a daily newspaper in Manchester, Connecticut, since 1974. He serves as the secretary/treasurer and a director of the Gold Anti-Trust Action Committee (GATA). Mr. Powell publishes GATA “dispatches” on stories relevant to the precious metals community: click here to access them and the GATA website. For additional information about precious metals, financial markets and the economy a 2 week free trial to GATA chairman Bill Murphy’s subscription service is available by clicking here. This article is reprinted on The News Doctors with permission.
Source: http://thenewsdoctors.com/monkey-hammering-gold-and-silver-chris-powell/
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