Gold last reported a.m. is $1204.50 down $20.60 and silver is $16.58 down 70 cents. Gold is now trading for prices not seen since 2009. Thousands of contracts of gold and silver futures were dumped again, this morning. Meanwhile, Ex Fed chair Alan Greenspan say’s, “buy gold”.
The farce of a “stronger U.S. dollar” is being heralded this morning as the Fed claims QE is finished. FOMC comments on an “improving economy” are equally as absurd.
93 million American’s are not working and the economy is “improving”? Seventy-five percent of U.S. jobs added over the past 2 years are poverty-wage, part-time jobs, yet we are “improving”?
More than half of U.S. workers make less than $27, 500 annually and things are better?
Europe is transitioning itself to run towards a new reserve currency and the dollar is stronger?
Only on paper, in the world of make believe can such a ruse be carried out. Never in U.S. history have markets been so manipulated and set up for eventual failure.
If unending debt was key to success the U.S. would be the poster child for victory. Unfortunately our debt has guaranteed increased turmoil as America faces the reality of national bankruptcy.
The Fed and LBMA continue stealing gold and silver at/or below production costs as they laugh all the way to the bank. Both entities intend on riding the rigged train until they no longer have control over setting gold and silver prices.
There is a possibility that Shanghai Gold Exchange, who does not trade either metal in futures markets may very well be the only one’s left standing to regulate authentic metals pricing.