Why are big-bank manipulators continuing their crimes, despite being caught red-handed? Why are they now manipulating silver prices down to avoid the 50DMA crossing above the 200DMA?
Since the 1970s when US$ was delinked from gold to become a fiat currency backed by US Treasury Bonds used to pay for oil & other goods globally traded ... since that time, it's been crucial for the petrodollar system to keep a lid on monetary metal prices to maintain the illusion that US$ fiat currency is worth something. Gold & silver have risen in US$ terms since the 1970s, but spikes higher have been smacked down using the derivatives market. Letting them find their true US$ price has been thwarted to keep the US$ fiat illusion going.
Derivatives & algorythmic computer trading have been used, as these are used by nonbank traders too. So their computer systems used to manipulate the market registers moving averages, as well as other data such as COT and where orders & stop orders are placed etc. They can manipulate prices down, while making profits. Big banks have access to more data & bigger funds, especially since getting bailed out with QE since their 2008 crash. On the charts you see enormous, short spikes down in price - that's where they take out "stops" that Greg Manarimo says we need to always place on any trade. Banks profit from that operation, because taking out "stops" will generally mean a loss for most traders. Maybe Greg has been lucky? But he did comment not too long ago that he made a loss trading gold derivatives and that he'd NOT trade them again!
We've seen smaller spikes down in recent days in gold & silver markets. And they obviously manipulate not just prices, but also the technical charts so as to manipulate traders & their computer-trading programs. Preventing this "golden cross" from occurring means that traders & their trading programs will tip from buying to selling, causing a bigger decline. And that helps the big-bank program of price suppression, as well as their profits from the manipulation.
Silver will soon hit another low soon, I think, around US$16.20... or in the worst case possibly as low as US$15.80. THEN methinks they'll let it rise again, along with gold. The US$ is already getting seriously hit as the world trading currency. And I think soon this manipulation game by the big banks will fail because the US$ decline will become obvious to more people, and there'll be a rush into PMs.
As growing number of commentators with much more knowledge than I have about this are saying, these markets are now primed for a massive move, wealth transfer, or something like the turning over of moneychangers tables outside The Temple!
MSM keeps sheople's eyes on rising stock indices, making PMs look like a loser... gold&silver are very undervalued historically, especially silver. So when the tables are turned over we can expect:
Stock indices DOWN
Bond prices DOWN
Bond rates UP
Gold&silver UP
US$ may go UP short-term but long-term DOWN
Cryptos - a few UP, many worthless
I'm not persuaded cryptos traded at present, including Bitcoin, Ethereum, will be worth anything long-term. Some other "blockchain" may be dreamed up to enslave humanity. P'raps human bodies & everything will be chipped, numbered & encoded into a global system controlled by AI?
I aint planning on taking any part in THAT!
Cryptos, & their dependence on electronic systems, may be the thin edge of the wedge that brings such a system of slavery about?
Welcome to neo-feudalism with lords & masters owning & operating technology to enslave serfs. Google, FB already experimenting with that! Technology is a two-edged sword - at least as dangerous to humanity as advantageous. Like nuclear power & bombs. The story continues... rising & falling civilisations... appearances & extinctions of species... worlds come & go... no body sticks around out here in the cosmos forever... not even stars & galaxies! Shining light, then gone.