Many readers who have not watched gold and silver’s trading action over the past decade, cry foul when The Doc claims that the regular co-ordinated gold and silver take-downs on the LBMA open, COMEX open, and LBMA fix are acts of manipulation rather than free-market corrections/ sell-offs.
Perhaps the following chart will silence the naysayers, as it proves gold capping and manipulation by the cartel to an almost unbelievable degree.
Outside of silver, long gold has been the trade of the decade, right? Well, almost.
Those who went long gold on Jan 1, 2001 would be up over 500% today.
However, those who daily went long just prior to the COMEX close (long for the overnight Asian/ London sessions), then switched to short on the COMEX open, and repeated this action daily for the past 12 years, would be up an astonishing 5200%!
That’s right, being long gold only while the COMEX was closed over the past 12 years would have netted you a 10 FOLD greater gain than a simply long gold position (paper gain of course, which would only be better than your long gold position assuming you were able to convert to phyzz without being MFG’d).
Check it out for yourself below: