Things have been really weird in the gold markets since February 2022, the month when the Biden administration sanctioned Russia by freezing its dollar-based foreign reserves.
But now things are really breaking down.
Will this all be papered over again? Or will Comex and the LMBA gold leasing-hypothecation racket finally be breaking down? Or is gold signaling something even larger in the works like a systemic banking crisis even larger than 2008?
First, the clues. Gold’s price has been rising steadily since 2022. Sometimes up, sometimes down, but more up than down. It’s put on roughly $1000/Oz over between then and now.
As a very close observer of (and investor in) gold I’ve noticed that there are powerful interests who have been monkeying with the price of gold. The pattern is the same as for silver and even US equities; all the buying happens in the overnight markets and all the selling happens in the US markets.
Well, not all of it in each case, but most of it. If you could have simply held silver in the overnight market only between 1970 and 2023 it would be worth $331.15/Oz.
If, instead, you had only held it during US market hours, it would be worth $0.15/Oz.
For gold, running the same analysis yields even more startling results. “Daytime” gold is “worth” $2.31/Oz, and “overnight” gold is worth $41,929.14/Oz.
