by Patrick A. Heller, Numismaster.com:
The reason to suppress precious metals prices is easy to understand. The price of gold is effectively a report card on the U.S. dollar and the U.S. economy. If the price of gold is rising, the dollar must be falling in value and the U.S. economy doesn’t look as strong. Also, if metals are going up when COMEX options and futures contracts mature, that would increase demand for physical delivery of the metals, which could push up prices even higher.
Among the typical times when the prices of gold and silver are suppressed are when a major U.S. politician or bureaucrat gives and address or announcement (think President, secretary of the Treasury, chair of the Federal Reserve, Federal Open Market Committee, for example), expiration day of COMEX options, day of first notice of delivery on maturing COMEX contracts, and last the trading day of the month.
Please follow SGT Report on Twitter & help share the message.