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Sometimes I have to laugh at just how
stupid we have become. Last week German regulators came out with SHOCKING
allegations that the banks are rigging the gold markets. OH MY GOD!
But was it really a secret? After all
...THEY CALL IT THE "LONDON GOLD FIX" when the big banks collude to
"set" the price of gold each day.
It's common knowledge. It's 100%
admitted to. Of course it breaks about a dozen laws but who cares,
right?! And even though they do
it in secret...it's a KNOWN SECRET!
Even Wikipedia has a page on it...
London Gold Fix
http://en.wikipedia.org/wiki/Gold_fixing
Did anybody ever stop to question if it
was legal to collude to exchange inside, non-public information in order to
"fix" a price of anything? Of course it's not!
But hey, see no evil, speak no evil,
hear no evil...when it comes to the Banksters.
And the same goes for silver. Traders
exchanging secrets about trading positions and price fixing in the same room
with their counterparts at other banks.
Not only that but last year Jeffrey
Christian, of all people, claimed that the COMEX Silver Contract was being
illegally rigged.
Here's what I wrote about it after the
last Silver Summit...
Silver Expert: Jeffrey Christian Proves
Illegal COMEX Price Setting
http://www.roadtoroota.com/public/1293.cfm
"Christian's assertion was that the
wild swings in the price of silver were not being caused by rogue market
riggers but by multiple computer algorithms and High Frequency Trading
programs firing at the same time in the COMEX silver exchange based on the
same program triggers. Christian claims that the simultaneous nature of these
trades spring from all trading houses using the same algorithms they learned
in the same colleges. Trading volumes on the COMEX supports this assertion as
the COMEX Silver contract "Average Daily Volume" was 55,020
contracts in 2013 or 275M equivalent ounces of silver per day. This puts the
total COMEX silver volume at 69B equivalent ounces of silver derivatives in
2013 which is 1,437x the amount of Registered Physical Silver in the COMEX inventories(48M oz)."
"Unfortunately for Christian and
the CME, what he describes is an artificial price setting mechanism for
silver in an exchange that is specifically regulated such that it does not
"set" silver prices but rather is a "price discovery"
exchange. What Christian describes is ILLEGAL and the CME Group who
owns the COMEX should immediately shut down all HFT's and computer trading
programs stopping this continued distortion of silver prices."
END
You see, there is really no hidden
conspiracy of price rigging in the gold and silver markets...
THEY DO IT IN PLAIN VIEW OF EVERYONE!!
On Thursday I will be posting my
Timeline article for Private Road Members which will give you those
"Road Signs" to the End we are all desperately looking for.
You can sign up for the Private Road
(and get your silver Roota "Stack Me"
Coin) here:
http://www.roadtoroota.com/public/10.cfm
Stay safe and stay out of their system!!
May the Road you choose be the Right Road.
Bix
Weir
www.RoadtoRoota.com
PS
- Yes, it does help to SCREAM out the obvious even after 15 years of doing
so...that are many "newbies" on our Road and they need to get up to
speed.
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