After Monday's failed "ambush" of the precious metals where 12,000 paper gold contracts were dumped in 60 seconds to drive the price down, only to be overcome by buying pressure I marked my calendar to 'expect' a raid by the wise guys again today
- They did not disappoint.
It seems the Cartel led by the Central Bank is digging in to defend a paper spot price of $1250 in Gold ad $20 in Silver.
- But it's much more than that.
The Fed is desperate to 'keep a lid' on precious metal prices to make the public believe that everything is just swell with America and the Dollar.
- It is not, and things are far from OK.
The underlying currency war sees America's favorite Private-for profit Central Banker (aka the Fed) throwing gold bricks at China, with the response being stacks of greenbacks hurled back.
- Gee, I 'wonder' who's going to wn this one?
Tuesday, 7 January 2014
Ambushed. Bushwhacked.....................from Rico
From Theo Spark at 17:14
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