…and how a group of banksters manipulators of future contracts and paper prices have changed the way to do business as coin dealers and bullion traders….
Basically in April a lot of coin dealers have lost money, believe it or not. Especially the ones that are very bullish on gold and silver, like us, have suffered from falling prices in a 3 times higher demand. Especially the most bullish ones that hedge the trades very little and have a large inventory available. If you are in this sector you most likely are long and would rather hold metals vs fiat.
After April, but also before, sure, coin dealers started to hedge almost every trade, basically covering the position ”as we go”, rather than have a large inventory of products: a normal result of April were shortages, delays and of course, rising premiums, as always happens when the inventories are so depleted. And the inventories are low because the gold and silver investors are not interested in selling their PM’s at these levels but BUYING instead, when they have some money for it. Therefore, this move may very well, helped by many other factors of the celebrated phantom recovery, backfire on them and trigger either a Comex default or a short squeeze, or both, but something is gotta give when you have an expanding paper supply backed by a shrinking actual supply of the underlying asset… and they play with non-assets in fiat paper in order to get to the real thing, while they telling us: cash is good gold is bad…
