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September 6, 2019 | Slamming of Silver/Gold: My Theory!

Donald B. Swenson: Born January 24, 1943, Roseau, Minnesota. Graduated H.S. 1961, Moorhead High, Minnesota. Graduated College 1968, Moorhead State University, Minnesota. Designated member of Appraisal Institute (MAI), 1974. Employed with Western Life Insurance Company, 1968 – 71; Iowa Securities Company, 1971 – 73; American Appraisal Company, 1974 – 81. Part-time teacher/valuation consultant/bartender, 1979 – 2008 (taught workshops at Waukesha County Technical Institute, Wi. and Madison Area Technical College, Wi.). Retired 2008 (part time teacher/blogger), AZ. Self educated economist/philosopher/theologian: http://kingdomecon.wordpress.com.

[Most Recent Quotes from www.kitco.com]

The precious metals prices are obviously slammed on a regular basis by someone. This has been occurring for over 8 years. All this happens because select elites do not want investors to desire these safe havens for their security. So why this slam? Today, the slam occurred around 1 p.m. and the silver price lost 4% in minutes. What is my theory on all this?

It is my theory that it takes only ONE trader (say at the N.Y. Fed) to initiate a slam. Once a slam is initiated via the purchase of futures contracts (naked contracts where no delivery happens), then algo’s can take over to continue the slam. As price declines the algo’s follow the lead of the initiator.

Our computer driven markets allow a single trader (with access to unlimited trading digits) to initiate a slam and then watch as the slam grows witin our digital/cyber markets. Who would desire that silver and gold be slammed on a regular basis? I would suggest that it is our Treasury Department along with our Federal Open Market Committee.

All this can happen behind closed doors at the New York Fed (8th and 9th floors). Traders can do this and I would suggest that even ONE trader could be the culprit. But this culprit has been given authority to do this slamming by higher up’s. Our Treasury desires that investors have confidence in our digital/virtual/imaginary markets. This is essential if the system is to be accepted.

The spot price of silver had reached $18.80 at 1 p.m. today (EST) and within minutes this price was slammed to $18.05. The spot price of gold was also slammed around 1 p.m. (EST). I have watched this sudden slamming of silver/gold for the past 8 years. Those who can not discern this rigging/manipulating are not thinking and/or watching the tick charts. It’s obvious to any thinking person.

So will our precious metals prices overcome this slamming activity of our authorities? I don’t think so as long as the general markets trend upward. Slamming is effective as long as stock prices trend upward. If we finally get to a situation where confidence is lost by the big boys, then we could witness a run to these precious metals as the final safe haven investment.

Watch your real-time app at Kitco.com or a similar app to see the slamming in real-time. It occurs regularly and it happens when a trader(s) desire it to happen. I would suggest that all this slamming is orchestrated by ONE trader at the New York Fed building (8th or 9th floor). Think for yourself to discern what is happening. Our markets are all RIGGED IMO.

Have a good day. I am: https://kingdomecon.wordpress.com.

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September 6th, 2019

Posted In: Kingdom Economics

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