1 hour ago gold hit an all time high
(media.greatawakening.win)
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They’re hitting all the stops. Watch’em yank it back down and trap all of the dumb money. Ditto for Silver. 🤨 if it’s Gold one truly pines for…buy the physical stuff.
This, this, all the THIS
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?
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.
This reflects on the value of the dollar more than the value of gold.
Exactly! Gold simply retains its value, it is the fiat dollar that is falling.
Meanwhile, when you price it in Bitcoin, gold becomes a shitcoin: https://imgur.com/a/w8IWnws
Interesting comments.
I would add that since 01-01-2023 through NFSR compliance gold contracts can now be delivered through the backdoor. Meaning, that the artificial paper market, though still in operation, allows for the price suppression actions to cause physical deliveries against a lower price, which put a bottom under the actual price .....
In this sense, Gold and Silver are now in competition in other FX pairs and Bonds.
Also, interesting to see the effects of downside action. It seems to wither, when viewed on a monthly chart. (https://www.tradingview.com)
Silver is now taking the brunt of manipulation. Simply compare the action in jan 2023. Here, the casino is alive and well, yet the upward pressure, is gargantuan.
Side note: there once was a time when, in China, Silver was worth more than Gold, and lead into the opium wars and the demonetization of Silver in the same time-frame. It meant, silver was no longer a viable payment method as all silver flowed towards the East, and because the West had no stuff China wanted or needed.
Interesting to compare the time-frame 1775 - 1860 period with the last 100 years.
Johnny Bravo on YouTube says it will drop soon. It is just hitting the top of an upward channel. He is pretty accurate.
But this is all fake bullshit based on stupid, irrelevant technicals that drive the fake bullshit "market" that has nothing to do with actual physical gold.
Gold isn't any more abundant than it was. All while central banks the world over are buying physical gold at absolutely record rates, demand is through the roof.
And yet the price stays the same, because the "gold" "market" sells futures and other fake bullshit instead of actual gold at 100 times the rate of actual gold extraction.
But this can't last forever. There will come a time when most people will say "hey, I want to exchange all this stupid bullshit for some actual metal to put into a vault" and find they can't do it, because none of the actual physical stuff is there to begin with.
Powell may crash it soon
the site I use says Gold is $2,098.00
There might be something to that