Banks Working Hard

Tue, Jun 8, 2021 - 10:44am

Oh my goodness. In what is clearly a Bank operation today, the price of Comex gold and Comex silver has been slammed backward on multiple occasions. How can we spot this Bank intervention? It overwhelms the bid that would otherwise support price when interest rates are down and the POSX is mostly flat.

And here's the thing...It's not just Comex gold. All, silver, platinum and palladium were smashed at the exact same time of 8:47 ET this morning. And why? Well, clearly, all four have the exact same supply/demand fundamentals, as Chris Marcus points out below. <...

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