Loading ...There’s a massive move happening in the gold market that almost nobody’s talking about.
NOTE: I don’t know if this was posted previously or if I found it and set it aside to read at a later time. It’s something to think about and reflects what has been happening over this past couple of weeks.
https://threadreaderapp.com/thread/1889614007759208816.html
This is the confirming evidence of the previous narrative about the gold flowing out of London to NY. It is also happening in silver as well. In the case of gold it is almost certainly the US Treasury in coordination with the FED buying gold either for a future audit and or revaluation of the gold official price globally. The reason it almost has to be the US govt. doing most of the buying is, the huge amount of money involved, and more importantly if it was private investors the govt. thru the Comex and CFTC would have told them to stop or at least tone it down by changinging margin requirements and or making it sell only like they did to the Hunt brothers with silver way back. In other words if it was anyone other than the US govt. the govt. would have stepped in by now to stop or slow things down.
As far as silver is concerned, this is what will cause “force majeure” and blow up the system if the govt. doesn’t step in and stop it. They may do that because they might not want to blow things up, just yet. The other possibility is they know they can’t stop it so the gold disruption could be the cover story for why they declare force majeure, and while both metals will go higher as a result, the extent of the damage to the system might be temporarily mitigated in the sense that trading gets suspended to try and avoid total panic and collapse. It probably won’t work but might buy them a few days or weeks?