1 hour ago gold hit an all time high
(media.greatawakening.win)
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I've been watching this for a while. Whenever gold get's close to a new high, it tends to happen at times when the cabal is not working (like now before markets open in Asia. Friday it looked like it was going to cross the all time high at lunch time but by 2pm it started getting hit. (I assume it's because the big bosses come back from their long lunch break & tell their minions to hit gold.) Back in May, similar story. This one happened long before the market opened in Asia. I hope it catches them off guard because: "Gold will kill the FED"
They have specific times they like to flood fake gold contracts around the options expiry and will always try to temper the enthusiasm to below 2%.
Do they just sell paper back and forth to each other to make it look like gold is selling?
I think kinda. I’m no expert but I think it’s basically like some guy buys 1oz of gold and then sales ten 1oz “paper” shares to people creating 10 more oz of gold. Thus driving the price down. It’s done a few different ways through exchanges, and “vaulting services”. That’s the best I know.
Correct. The gold is rehypothecated - gold is used as collateral for additional debts many times over. The gold is initially leased by the LBMA and many more contracts on that gold is issued and sold on the futures market.
Typically gold is not supposed to leave the vaults, and the banks would settle with paper at the close of the contract. Banks need to pay attention to open interest (which is the total amount of outstanding derivative contracts). If it's too high, they need to shake the tree and prevent a mass of contracts from taking delivery.
Around 300 mli9n ounces of paper gold. No gold to back it up. If you don't hold it in your hands you never will. That in part keeps gold prices artificially suppressed.
Yes, I know like 10AM & 2pm but maybe this is the time that the interest will be so strong that they can't.
Reps from 5 major gold firms meet in London twice daily to set the price of gold. It is controlled by the cabal.
Not gold firms.