Absolute proof of gold price manipulation?

Too often we brush off accusations of gold and silver price manipulation as the ravings of bitter old men. But when you look at a chart like this, it’s hard to argue that it’s just a coincidence.

Too often we brush off accusations of gold and silver price manipulation as the ravings of bitter old men. But when you look at a chart like this, it’s hard to argue that it’s just a coincidence:

The chart comes from GoldSilver.com, and it shows that gold prices consistently get hammered during New York trading hours then recover when New York’s markets are closed.

“If you invested in gold during New York trading hours, you would have lost over 70% of your investment,” GoldSilver.com writes. “If you were to be short gold during New York Trading and long during PM hours, you would have made massive gains.”

The blue line in the chart above shows those “massive gains.” I just wish I would have noticed the pattern a long time ago.

It all begs the question, though: why do gold prices fall during New York trading hours? The answer? Either American investors have been selling gold into one of the most powerful bull markets over the past 12 years, or financial institutions are colluding to suppress a rapid run-up in gold prices. After all, a rapid surge in the price of gold would not just threaten the dollar’s status as the world reserve currency, it could lead to a flat out currency collapse. That’s something the country’s leading businesses (and the government) definitely don’t want to see.

Think something fishy is going on? Check out our related post: Absolute Proof of Gold and Silver Price Manipulation, Part 2.

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