‘Tonya Harding’ Explains Last Weekend’s Gold “Flash Crash”
The comments below are an edited and abridged synopsis of an article by Matthew Piepenburg
Gold price manipulation is back in the form of a flash crash; Piepenburg goes through the details of why now, and how such a thing is done. He has previously written about the charade that passes for free market price discovery in a nefarious Comex trade that, for years, has been the scene of deliberate price fixing on paper gold via swaps, loans and precious metal ‘leases.’ This is fact, not fiction.
Up for discussion: Fear of better athletes (Nancy Kerrigan is gold while Tonya Harding is the dollar); what about Basel III; Basel III—a new era or old tricks; the sketchy side of derivatives; making derivatives simple; banks need more gold tomorrow than they ‘report’ today; the physical gold supply lie; more gold demand from banks means more ‘timely’ manipulation; why buy high when you can fix the price lower; and a darker truth.
“When gold is embarrassing the US dollar with as much visual clarity as the foregoing evidence confirms, the only option left for desperate banks is to break the rules and knee-cap the one thing which is causing them fear and the embarrassment.”
“The recent kneecapping of gold by those mysterious players in the OTC is nothing more than that: A Tonya Harding moment in the gold market.”
“Shame on that, and shame on them.”