As you can see in the below 30-minute charts, both gold and especially silver really struggled to catch a bid all day yesterday in the derivatives markets, likely as traders positioned themselves for a 4PM EST hawkish speech from the most hawkish permanent voter of the US Central Bank, Chris Waller. Ever since US Central Bankers sold a considerable amount of its physical gold into the open market to suppress gold prices during the 1980s and 1990s and likely never recouped the lion’s share of this divested gold, they’ve had to rely on manipulation of paper gold derivatives and relentless propaganda to control the price of gold (and silver).
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