Using the unimpressive April Retail Sales Report as cover, the cartel has gone on an absolutely viscous pre-market attack. Here’s the details…
The April, 2018 Retail Sales Report hit the tape at 8:30 a.m. EST, and the cartel hit the sell button on gold.
Retail sales were unimpressive, with what we already know: Stagflation.
For example, sales at gasoline stations rose a whopping 11% in April.
Don’t think it’s because people all of the sudden had to try the newest Slushie flavor and load up on sunflower seeds & beef jerky.
That’s not why gasoline station sales are surging.
It’s because of diesel and gas prices.
As I’ve been saying for months now, most recently I wrote a feature on it here – get ready for higher gasoline prices.
Well, we don’t have to get ready for them anymore: They’re here.
But we don’t need some phony government statistics to tell us what we already know.
That said, retail sales grew a dismal .3% for April, 2018:
So good news, bad news, indifferent news – it’s all smashing news for the cartel.
Here’s a look at the volume spike:
This is PRE-MARKET.
That is one of the ways you know this is a manipulated, artificially suppressed, a.k.a. rigged market.
Nobody in their right mind would just all of the sudden have to sell 13,500+ contracts of gold, all at once, in one single minute, one hour before the market officially opens.
It’s disgusting really, and blatantly in our faces.
I must bite my tongue because I can feel the anger rising.
Here’s the nominal paper price that was just dumped (a close up of the volume):
That’s more than $1.75 Billion worth of gold and $200 Million worth of silver.
Paper mind you.
Metal that doesn’t exist and only serves the purpose to smash the price.
The same shenanigans that have been going on for years.
In fact, here’s an article highlighting the intra-day suppression from back in 2002.
See our post on Alan Greenspan from yesterday to see how the Fed “stands ready” to serve up a nice hot cup of market manipulation.
Here’s a look at the Niagara Falls of price suppression:
Notice the spike in volume right on cue.
It’s the lesser known of the Niagara Falls, you know.
There’s the American Falls, the Horse Shoe Falls, but there is also the Gold & Silver Falls.
Legend has it nobody has ever survived a barrel drop off of the Gold & Silver Falls.
And it’s not like the US Dollar is absolutely surging:
In fact, the rise in the dollar (.71%) is less than half of the drop in silver (-2.19%).
Another sign of blatant manipulation.
And so gold has lost $1300:
Please check out our pages on precious metals price suppression, market manipulation, and bullion banking cartel for information on who, what, when, why and how the cartel actively suppresses the prices of gold & silver.
It will go on until it can’t.
If I learned one thing in the Army, it is that nothing can last forever.
And that goes for this price suppression.
– Half Dollar