You might ask, If something is trading at $1,505 - why would somebody at 10am Eastern Standard Time sell a big block of that same thing for $1,494. Why not sell it at $1,505 like everybody else? Why "dump" it?
Like in my last post, I said what was going to happen in the futures markets - what happened yesterday is happening today. Somebody in the U.S. pulls a lever at the open of trading in NY, and dumps a bunch of Gold paper contracts at below market value. Why would the Fed do that? To control the cost of Gold. If gold goes too crazy, hyperinflation would then ignite, which would be the end of the U.S. dollar. The Fed would like inflation, but not runaway inflation.
The Fed cannot control the overseas markets - who buy while Ben Bernanke and his group of weirdos sleep. Yes they lose money on this trade, but they can simply print more behind the scenes. Why is the U.S. political world so worried about cutting funding for NPR? This is small beans compared to the trillions of phony money the U.S. Federal Reserve is creating out of nowhere, to be paid either with middle class taxpayer dollars or loss in purchasing power due to inflation.
Right after the wipeout sell, you'll see buying picks up right after that. This would be international buyers buying "on the dip". These games are so evident and transparent it makes me think that the Fed thinks everybody is just a bunch of idiots. Why are they being so blatant? Because they get away with it with impunity.
It's like the peeping Tom who decides to break in and steal a few panties from the hamper, who then, unchecked, graduates to throwing cheerleaders in a panel van. This is what the Federal Reserve does because it is unchecked.
The Federal Reserve must be stopped, but it's too powerful for this to happen. So it's going to take down the U.S. with it.
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