I have long warned that the price of gold and silver is controlled at the US Fed and US Treasury by using computer programs invented and implemented by Alan Greenspan in the early 1970's. I have proven it time and time again. "They" can set the price of both metals to $0/oz or $1M/oz with a single click of a mouse.
Really.
How hard is it to click a mouse and buy or sell BILLIONS in gold and silver derivatives when you have unlimited funds and a "pass" from the regulators?
This is what happened a few moments ago as the stage is being set for the annual Bankster Meeting in Jackson Hole with our favorite Fed Mouthpiece Janet Yellen expected to garble out her view on the state of the world on Friday...
Someone Just Puked $1.5 Billion of Notional Gold
http://www.zerohedge.com/news/2016-08-24/someone-just-puked-15-billion-notional-gold
"Makes perfect sense - someone just decided in keeping with their fiduciary duty, 0840ET was the perfect time to unleash $1.5 billion of gold notional into the futures markets."
"Over 10,000 contracts dumped in 1 minute... "normal"
END
Those that are up in arms about manipulation should know that it is 100% legal for the Fed and Treasury to rig the gold and silver markets. As a matter of fact....IT'S IN THEIR JOB DESCRIPTION as authorized by the 1934 Gold Reserve Act which created the Exchange Stabilization Fund which... "allows the Secretary of the Treasury, with the approval of the President, to use money in the ESF to deal in gold, foreign exchange, and other instruments of credit and securities."
That means they can legally rig ANYTHING they want!
Then Presidential Executive Order 12631 named the "4 Horseman" who have the legal authority to both rig the markets and cover their tracks. These controllers are the Secretary of the Treasury(Jack Lew), Chairperson of the Federal Reserve(Janet Yellen), Chairperson of the SEC(Mary Jo White) and the Chairperson of the CFTC(Timothy Massad).
Their job is simple:
Maintain market stability.
Maintain investor confidence.
No matter what the REAL value of anything is...rig the markets to maintain stability and confidence.
That's their job description and they are doing just that.
I know times like these are difficult - especially when we are so close to the End of this game but stay strong. We've been through this many times and it won't last long. Everything is still shaping up for the Global Monetary Meltdown by Sept/Oct so just sit back and watch the fireworks.
If you are new to the Road to Roota Theory and want to know HOW we got here check out this video...
Discovering the Road to Roota - by Bix Weir
http://www.roadtoroota.com/public/Discovering_the_Road_to_Roota.cfm
My the Road you choose be the Right Road.
Bix Weir
www.RoadtoRoota.com
PS - If you haven't read this book yet I think now would be a very, very good time!
Book 3: "The Road Awakens($20 PDF Download)
http://www.roadtoroota.com/public/TheRoadAwakens.cfm