Just look at this classic dump... I bet they sold over $1 Billion in paper contracts just now. You know what ol' Newton had to say though, "For every action, there is an equal and opposite reaction."
What about 10 years of precious metals manipulation? We should be seeing some huge equal and opposite reactions in the future. What's in your wallet? What's so sick is you can actually just WATCH these fuckers do this illegal, heinous act.
Thanks for stopping by, Steemians! If you don't hold it, you don't own it!
I agree this happens all the time. And probably today. But today was also the FED meeting and they made their announcement at 2 and the dollar popped up. As long as the big banks are controlling things I don't see this manipulation ending. Unfortunately.
This crap needs to come to an end! Heads need to roll and jail time needs to be served...
Too true you are! Too true!
I can't wait, for it to backfire on them.
".....and justice for all."
I am waiting for the day when it goes limit up multiple times in one day!
Same here!
http://www.paulcraigroberts.org/2014/01/17/hows-whys-gold-price-manipulation/
This ALWAYS happens when Janet Yellen gives her monthly Fed report as she did today.
To be fair there was a few rare "no hike" gold spike moment from Ms Yellen. But yeah most of the time whenever she spoke someone finds a reason to dump truck load of paper on the market.
That's what it must've been... But since it's usually the same ol' shit, which is a bunch of hoo-haw, you'd think people would be buying more PMs... I'm interested to see how many ASEs have been bought this month with all of the N. Korea stuff going on.
The Fed and big banks just want to show investors that jumping into PMs as a safe haven is not a good idea as they can knock down the prices whenever they want to. Plus a bunch of insiders, including Congressmen, just made a bunch of money shorting PMs thanks to inside info from J. P. Morgan and associates.
I just don't understand why people don't see through this... 10 billionaires should just get together and corner the market. If I had the money, I would do it. Even 100 millionaires could do damage.
you're making steemit a great community with your content vegansilverstack! keep it up!
All I can do is shake my head in disbelief. The ongoing manipulation will certainly help stackers in the end but it's so crazy to see it happen, and on such a huge scale! I don't understand how this insanity is so vehemently denied but their day will come and ours will surely follow 👍
Same old shite from the banksters, they wont be happy until every last human on this planet has given up their metals and been corralled into a digital currency of their design and under their control. Just use it as a stacking opertunity
Yep!