Gold & Silver are being “sold” on Friday morning. Here’s why…
The cartel had an obvious problem on their hands.
Well, gold was knocking on $1600’s door, and silver was looking to take-down $20’s door, SWAT Team style.
Until September 5th, that is:
Gold & silver began their fall, and it’s picking-up speed today, Friday, with downside momentum.
Why is this happening?
Yield on the 10-Year Note was ramped beginning the very same day gold & silver began their “correction”:
We are talking about a massive move higher in yield of 30% in not that many days.
Gold & silver held their own after the initial ramp-job, however.
But it’s proving to be just a little too much for the precious metals on Friday:
Silver has lost $18, and gold has nearly lost its 15-handle.
Stackers and other smart investors can be taking advantage of this cartel provided “flash sale” on metal.
OK, “Hey Half Dollar, how do you know the cartel is in there ramping yield to smash the metals?”.
And it’s always open season, especially when gold is threatening $1600 and silver is threatening $20.
How can free market forces to take over and exert themselves into these “markets”?
If people stop being greedy and playing in these casinos for a while.
But that’s not going to happen due to human nature.
So it will take physical supply.
– Half Dollar
About the Author
U.S. Army Iraq War Combat Veteran Paul “Half Dollar” Eberhart has an AS in Information Systems and Security from Western Technical College and a BA in Spanish from The University of North Carolina at Chapel Hill. Paul dived into gold & silver in 2009 as a natural progression from the prepper community. He is self-studied in the field of economics, an active amateur trader, and a Silver Bug at heart.