Thursday June 22nd, 9pm GMT.
Finally the precious metals tried to have an up day after the recent decline in paper price and seem to have succeeded. Are we therefore at at short term bottom?
I woke this morning to see the prices rising nicely in Asian trade but as per the typical routine over the past 10 years, as soon as London opened and in time for the AM fix, they get dragged lower. They then rise before the 'Crimex' opens and then again get taken down throughout the US trading day. Now however the spot price is rising again after the close.
I know many people will just say that its normal market trading and there is no conspiracy to manipulate the precious metals prices lower, but I feel that the pattern is too consistent to be natural. Precious metals and the cryptos are the enemy of fiat currencies and I strongly believe that central banks have a mission to suppress the prices to keep the illusion that 'there is nothing to see here' and move along and watch TV.