How do you mention manipulation without actually saying it? Well, if you
work for Kitco and your name is either Neils Christensen or Peter Hug you do
it this way:
http://www.kitco.com/news/2015-08-03/U-S-Mint...Y-Increase-I...
Christensen: "The one bright spot for the precious metals market
appears to be the physical market as the U.S. Mint reported a 469-percent
increase in July coin sales compared to last year."
Then Christensen hands it off to Hug: "It is not just the mint that
has seen unprecedented demand for bullion as prices significantly dropped
last month. In his morning commentary, Peter Hug, global trading director for
Kitco.com, said that many bullion dealers have been struggling to obtain a
supply of silver coins and small gold bars. However, he added that he does
not see this reemergence of physical bullion to help support prices as gold
trades under $1,100 an ounce and silver under $15 an ounce."
Huh? So the one bright spot is the actual stuff flying off the
shelves?
If the physical market is on fire as Neil so coyly reports, then why are
there any dull spots? And Mr. Hug declares that not even phenomenal
physical demand can overcome the derivative-induced malaise!
Neils and Peter both just inadvertently admitted manipulation without ever
saying the "M" word. When the only "bright spot" happens
to be rip-roaring demand for the actual product, you know you have an
out-of-control cartel using derivatives to suppress market prices.
If all the collective commodity producers on the planet could ever
understand how gold is the linchpin for the suppression of their collective
products, GATA would have a million members. In the meantime we have $3 corn,
$9 beans, $2 copper, and a gold suppression scheme on steroids. The financial
tail continues to wag the working dog.
Gold's days of being pinned to the mat are getting numbered. The clock is
ticking. The exchange-traded fund GLD is methodically raided, the U.S. Mint
is drained, and the Comex shelves are all but bare. All that’s left is the
potential for a huge rally.
Maybe now Kitco could be so kind as to lease the gold in its client pool
accounts to the cartel? That ought to buy another week or two of suppression.
It's the least they could do as dutiful apologists for their bullion bank
buddies.
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