We are putting all the pieces together in this Crime Of The Century - Gold Market Manipulation. So far it has allowed China to accumulate all the available gold on the cheap and a lot of industry experts are talking about the upcoming surprise now - when China will announce the much larger holdings of Gold than it is believed to be holding now.
Andrew Maguire: Gold Smashdown, FED Defends The Dollar And How Goldman Sachs Operates. GLD, MUX, TNR.v, GDX
"Andrew Maguire presents to us the chronicles of ongoing war behind the curtain with FED defending the US Dollar at the crucial level 0.80 and how the FED's #1 Gold Prime Dealer Goldman Sachs operates in the Gold market. Now we have more information on why Goldman Sachs has issued the Sell Call on Gold last Wednesday.
All these revelations will never lead to the higher Gold prices without Buyers and one can argue that this manipulation can go forever. According to the Andrew Maguire the key crucial difference now is that Central Banks are buying and, particularly, China is taking all available Gold for physical delivery now."
"Adam Hamilton provides us with another set of observations for the fundamental and technical state of the market of gold mining equities. Fundamentals have never been better for Gold and increased Debt Ceiling does mean the increasing amount of debt and further debasement of US Dollar.
Very heavy manipulation in the Gold market is used in order to conceal the real situation with Gold available for delivery among LBMA banks and on the COMEX. As it has happened before, Gold investor's confidence is being killed just before major monetary expansion."
"While a lot of people are still wondering why the Gold is beaten down again, it is important to keep the big picture in front of you. As it is happening with Copper now the main player in this market is the same - China is on track to implement state level plan to diversify US Dollar based assets.
We would like to share with you brilliant report conducted by Jan Skoyles on this subject."