by Dave Kranzler, Investment Research Dynamics:
It’s no secret that the banking cabal has been going to great lengths to prevent gold from breaking out above its 200 day moving average. Why? Because it is likely that if this were to occur, it would “flip” the hedge fund black box algorithms from selling rallies and shorting downside momentum to buying gold sell-offs and chasing upside momentum higher. In other words, it would make the task of keeping a lid on the price of gold much more difficult.
The effort to keep gold from legitimate price-discovery is understandable – from the elitist banking cabal perspective, at least: if the price of gold were allowed to trade freely, it would likely find a market-setting price at least 3-5 multiples above where it is right now.
If this occurred, it would completely undermine the Fed’s QE and ZIRP monetary policy. It would also cripple the Fed’s ability to keep the stock market juiced wreck the carefully crafted illusion that everything is fine in the U.S. economic and financial system.
Today’s gold smack was one of the more blatant displays of the unfettered corruption that has engulfed the paper gold market:
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