Gold Manipulation and the BIS

Gold keeps being manipulated down by heavy hands everyday in the fraudulent paper market mainly in the Comex. What is going on has no ties to the physical market. There is a shortage of physical, yet gold price keeps falling due to 10,000 contracts being sold in less than 2 minutes on the Comex. 10,000 contracts is $1.2 billion of gold considering each contract is 100 ounces. 10,000 contracts is 1,000,000 ounces. That is a 31 tones of gold. Considering the annual global production is 2,300 tones, 31 tones and more being sold in minutes is beyond ridiculous. Especially considering the seller has no regard for falling prices as if it (the Fed) wants to sell it as cheap as possible.

Now we have the news of the BIS (Bank of International Settlements) and central banks -mainly the Fed- doing gold swaps to the tune of 346 tones which is roughly $14 billion. Now this is obviously not to raise money. They can and have been printing trillions at will. The central banks do not need to swap gold to raise/borrow money. They can just print it and the number is laughable in the realm of the liabilities of all the big financial institutions that are still way insolvent, but in the gold market 346 tones is sizable since gold is so rare. There could be two reasons this is done.

First reason could be to bail out some run on the Comex or bullion banks that do not have the physical gold to back up their manipulation scheme as more and more investors are asking for physical delivery as they realize that the Comex and GLD are both frauds. This is to mask the fact that there is a huge shortage problem in the physical market, which would cause the gold to reach $2,000 in a heartbeat. The only reason gold is not at $5,000 is the heavy manipulation of the Fed as it is short close to 50,000 tones of gold.

The second reason could be to create an atmosphere of fear for gold buyers and manipulate the price down. The repetitive news of IMF announce that it is selling the same gold over and over is not working any longer as people realize that IMF keeps saying that, but does not sell it as well as people realizing that India or China or some other central bank being ready to by this gold. Even Eric Sprott offered to buy the gold IMF had to sell. The IMF denied Mr. Sprott's request to buy it. This is a case of Sprott calling the bluff of IMF and IMF tucking its tail in between its legs and running away. So the Fed had to find another way to try and attempt to manipulate the markets with some other ridiculous news. And that is why we hear about the BIS having 346 tones of gold in swaps from central banks.

Give it a rest you crooks. Your game is almost up. You'll have a gold run on you and it will be apparent you are short 50,000 tones of gold and gold will skyrocket beyond belief at that point. Good luck covering that short and avoiding jail time.