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RE: Someone Just Decided at 2:00PM EST 9/20/17 to Short Sell Gold and Silver Paper
This ALWAYS happens when Janet Yellen gives her monthly Fed report as she did today.
This ALWAYS happens when Janet Yellen gives her monthly Fed report as she did today.
To be fair there was a few rare "no hike" gold spike moment from Ms Yellen. But yeah most of the time whenever she spoke someone finds a reason to dump truck load of paper on the market.
That's what it must've been... But since it's usually the same ol' shit, which is a bunch of hoo-haw, you'd think people would be buying more PMs... I'm interested to see how many ASEs have been bought this month with all of the N. Korea stuff going on.
The Fed and big banks just want to show investors that jumping into PMs as a safe haven is not a good idea as they can knock down the prices whenever they want to. Plus a bunch of insiders, including Congressmen, just made a bunch of money shorting PMs thanks to inside info from J. P. Morgan and associates.
I just don't understand why people don't see through this... 10 billionaires should just get together and corner the market. If I had the money, I would do it. Even 100 millionaires could do damage.