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The Fed Is Desperate To Keep Gold From Exploding Higher

The Fed Is Desperate To Keep Gold From Exploding Higher

By Dave Kranzler:

The Federal Reserve’s “invisible hand” in the markets is no longer “invisible.”  It’s become obvious to most market participants that the Fed is working hard to keep the stock market from collapsing and the price of gold below $1300.  But why?

The price of gold moved up $15 overnight from the time the Asian markets opened until the Comex gold pit opened.  Shortly after the Comex paper gold market trading was underway, an avalanche of paper contracts was dumped onto the Comex – both the electronic trading system and the floor. This is what it looked like:

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Gold’s path looks like Niagara Falls in the graph above shortly after the Comex opened this morning because “someone” decided to dump over 55,000 contracts onto the Comex.  55k contracts translates into 5.5 million ounce of theoretical gold.

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Post source : http://www.activistpost.com/2016/05/the-fed-is-desperate-to-keep-gold-from-exploding-higher.html

About The Author

• Co-Host “Live in Las Vegas w/Dave & Chad” KDWN 720AM 2014 - present • Operations Manager / Sports Director KXNT 100.5FM ’10-’14 • Co-Host “Over/Under” KXNT 100.5FM ‘10-’12 • Producer Las Vegas’ #1 morning show “mark & Mercedes” ‘01-’05 • Imaging director/Assistant Program Director 100.5 Jack FM ‘05-’10 • E.M.A (Best Production / Creative Services Manager) 2006 "One of Chad's great strengths is his sense of humor and translating it on the air. Not only did he have the staff constantly laughing in the hallways, he kept our listeners coming back for more on the air." Vice President of Programming Beasley Broadcasting: Justin Chase

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