Market manipulation

These last few months have brought confirmation of an acceleration in geo-political and macro-economic events, and they all have mid-term implications for the precious metals markets and, more globally, on the future of the international monetary system.

The mechanism used to determine the price of gold and silver, the London fix, is under pressure and China, of course, wants to take advantage of this situation to have more to say on the way precious metals prices should be determined in the future.

Gold price fixing manipulation goes mainstream on public TV channel 3sat, a cooperation between Germany, Austria and Switzerland. The documentary exposes "an examination of gold prices reveals machinations fit for a financial thriller."

The Financial Conduct Authority (FCA) condemned Barclays bank this Friday to a 26 million-pound Sterling (32 million euro-) fine for attempting to rig the gold market.

The Fed is trying to control the price of gold below $1,300 and the price of silver below $20. Every time the Fed speaks flash crashes in gold and silver happen, which has probably kept the dollar from falling more as a consequence.

They say that gold is a geopolitical metal. Gold is real money with no counterparty risk and, furthermore, an excellent wealth preserver in time and space. Like fiat currencies (dollar, euro, yen, Yuan etc.), gold’s price is also influenced by political events, especially those having an internat...

The best way to avoid this manipulation is to compare real things without using the official virtual currency (dollar, euro, etc.). Gold has always been the medium of exchange that is least likely to create inflation.

Fabrice Drouin Ristori interviews silver market expert David Morgan about the silver price manipulation, the coming big reset of the international monetary system and the financial markets

I am going to try to explain the backwardation, a very technical aspect of the gold and silver market, albeit a very important one, if one wants to understand their price evolution.

The gold price is driven down in the paper futures market by naked short selling by the Fed’s dependent bullion banks.